Nom_de_Guerre

BNB - Breakout against BTC - Steady against USD

BINANCE:BNBUSDT   BNB / TetherUS
BNB is being independent of the market slump, holding and even gaining incrementally against Usd whilst smashing Btc - Hedge of the day
Comment: Normal retracement after such a move - You can see on the Gann charts that the BTC candles have found support on the 1x2 Gann fib ray and may stay inside this range - The Usd candles found support on the Bottom of Square and may well move back to the blue Gann 1x1 before moving up again - All in all a few days of sideways range bound stuff to come but probably little if any more drop - Targets for next sells are on the arcs
Comment: Bounce will occur today on the Usd chart when the candles touch the blue 1x1 Gann Fib ray - If the candles dont bounce here then we have a problem - Good luck *)
Comment: So far it seems that was the bounce we were looking for *)
Comment: Breakout - targets on the fibs and arcs
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Comment: Moving up into the arc against Btc, candles should re touch the 1x2 gann fib ray they're just above and then push thru, I've raised the Btc target - Against Usd the new daily candle has opened on support above the fib
Comment: zoomed out
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Comment: Bnb candles just need to retouch the trend lines then will continue up
Comment: We broke the uptrend - Looks like the candles need to re touch the bottom of the range - Still very bullish longterm for Bnb
Comment: BNB breakout imminent
Comment: Bnb broke support against Btc whilst climbing against Usd - next chance of a reversal on the Btc priceis when the candles hit the Bottom of Square or the blue 1x1 - I expect Bnb dollar price to continue creeping up - When Btc does drop I expect Bnb to be one of the first coins to take advantage of that
Comment: Breakout science - The candles need to get above and hold above the 1x1 for the price to continue to the higher fibs
Comment: The blue band on the dolar chart to hold for the arrows on the btc chart to complete - I reckon it will happen on Monday when the rest of the market moves up
Comment: Pretty much doubled against Btc and 60% against Usd since this call ;P
Comment: Likely top prices against Btc are in this area
What’s the reason for this breakout?
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Nom_de_Guerre maverickgood1
@maverickgood1, look at the hedge master chart in the link above
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