BNB ON DISCOUNT SOON!!! ASC. CHANNEL & BEARISH DIVERGENCE on 1H
Namaste everyone.
I will keep this "short" :-)
As you can see on BNBEUR 1H BINANCE a bearish divergence has formed with an ascending channel.
Great opportunity for shorting or buying on discount!
Wait for confirmation - close below the channel and quite possibly a retest to it before heading lower.
Green dashed lines are possible buy levels.
As always this is NOT a trading or financial advice in any way.
This is simply my observation on this market.
Please do you own due diligence before investing any real capital.
Have a great one.
I will keep this "short" :-)
As you can see on BNBEUR 1H BINANCE a bearish divergence has formed with an ascending channel.
Great opportunity for shorting or buying on discount!
Wait for confirmation - close below the channel and quite possibly a retest to it before heading lower.
Green dashed lines are possible buy levels.
As always this is NOT a trading or financial advice in any way.
This is simply my observation on this market.
Please do you own due diligence before investing any real capital.
Have a great one.
Comment:
Candles H&S pattern completed too and price is headed down.
If you take a close look you will a H&S formation on the RSI as well which has also completed:
If you take a close look you will a H&S formation on the RSI as well which has also completed:
Comment:
Closer look a the RSI:
Order cancelled:
BNB is showing some interesting patterns:
And while BNB did drop in price, unfortunately it not drop as low as I was expecting it will.
Order cancelled.
And while BNB did drop in price, unfortunately it not drop as low as I was expecting it will.
Order cancelled.
So we have the RSI bearish divergence, the ascending channel AND a H&S formation.
Just my observations.
That's all.