BINANCE:BNBUSD   Binance Coin / US Dollar (calculated by TradingView)
I see a potential long trade for BNB again. On the left we see an H&S in the making, indicating more downwards movement. Price broke the neckline today and jumped back in again. This might be a big signal that this H&S might fail and that we see a contrair movement. And the bullish wedge we can see on the left, gives the failure of the H&S a bigger chance.
Comment: Still moving within the wedge, it broke out but got pushed back in again. It's not a bad sign but it's nothing good as well :)
So actually nothing has changed yet. Think we should see a breakout withing the next 24H.

Comment: Support broke, seems the H&S has been activated. Trade went wrong, if BNB could be shorted i would probably do it, but it's not possible. The trade was risky because of the H&S, but still i am a bit surprised the support broke. Assuming the target of the H&S will get reached, it would suggest like something is wrong with the BNB exchange?
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@botje11 Don't put too much effort into analyzing BNB if you analyze BTC already. (; BNB is the contra-indicator of BTC for some time and both even share MAs. I couldn't believe myself when i first saw that.


EduardZimmermann EduardZimmermann
...and i hope to see you on the ship called "Long-Term BNB". (:
Can you update BNB chart?
Thank you for your analysis. The coin is trading on repetitive 1D patterns and based on that should seek the 6.9677 support (after a small retrace now to relieve the oversold tension). We are still bearish:

David, why do you think something is wrong now, if everything was always wrong because of the manipulators. You were always contributing enough "manipulating" basis in your analysis and now you seem to be ignoring it... Support/Resistance is a piece of techanalysis bullshit and is really nothing on the 100% manipulated markets. Looks like you are really tired and you need rest to "reset" your brilliant mind in order to come back with objective complex analysis based on many factors as you did before.
After being bored with the market in April, I had been away for months!!! Now I am back!!!

Exciting times to be alive!!!!

Could you botje write us a list of coins that will be fine after the crash?
What the hell.
what about a correlation between btc and bnb? for me a trade is too dangerous at the moment..
+1 Reply
@botje11 Do you know guys where one can short bnb and maincoins to USD or USDT?
+1 Reply
@kiero, dont think thats possible, otherwise i would like to know as well :)
+1 Reply
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