This token is pretty famous and used by many. As Binance grows, so those the value of this token.
With altcoins touching bottom and breaking up, BNBBTC is showing some action as well of a move coming up ahead.
If a bull market does come, we will see Binance do big numbers in trading and expect for BNB to grow as well.
Let’s get started... Daily chart:
- The first to notice here is the breakout (far right). You can see the last candle that closed broke above the blue, magenta and orange lines, these represent the indicator ( ). Breaking above these lines is a development. The increase in green is also a positive signal.
- The is moving up and diverging from the price. Is possible that BNB does a strong break up follow by sideways consolidation.
- The is in a clear uptrend since July.
- The is .
Note: These are just signals. These signals can change as the market moves. They can either improve, just as they can change and be invalidated.
If the market goes our way we sell on TARGET for profits. If the trade goes wrong, we look for STOP LOSS. For now, we buy and wait… Let’s trade.
Trade instructions for Binance Coin ( BNBBTC )
Buy in: 0.00153 – 0.00161
Targets for BNBBTC by Alan Masters:
(1) Close daily below 0.00150.
(2) Close weekly below 0.00140 (stronger stop loss).
Capital allocation: <20%.
Thanks a lot for the amazing support.
Feel free to contact me directly if you have any questions.
Alan Masters here…
Feel free to comment if you have any questions.