$$$ I LOVE MAKING MONEY!! TIME TO BUY BUY BUY!! $$$
Hello Everyone,
It has been a while since my last analysis, life has been work busy. Today I decided to take the time to sit down and do some analysis for those of you interested in what I have to say. With that being said, using all of my techincal indicators and data, I have been swing trading BNB/USDT and TRX/USDT for the last several weeks with much success. Up until the today my favorite buy in area has been $17.50 with an exit anywhere between 18.50-19.50 depending on how the day has been going with trends. Currently I am very excited because BNB/USDT has broken below my personal buy area and,is holding strong with an average of $17.00-$17.30. I am going to be making another entry around these levels with a stop loss of $16-$16.30. There is a large ascending channel which is a positive upward sign, however, the pair is currently riding the lower band of that channel so we need to watch this area to see if it holds or, breaks below the channel. The pair is trading inside of the lower resistance zone (Red Boxes) which is off set in between the 100 and 200 MA's (Orange Lines) and riding in between the channel made by the MA's. I will be watching this area closely to see what direction we end up traveling. If we are able to break above the 100 MA we are closely approaching the upper portion of the lower resistance zone. If it holds and maintains, we are once again likely to see a break out towards that upper resistance zone (Red Upper Box). We have not been able to break above the upper resistance area of roughly $20 which I have been successfully using as an exit area.
The short term trend is currently showing bearish signs so, those shorting this pair can consider setting a stop loss around $18.67. IF you decide to enter in the current area keep in mind that the bulls can regain control within a few days. I say this because the current trend is showing bearish signs, yet the long term is still bullish. Short traders can see an entry point marked by the red "E" which is telling me the trend is expected to possibly drop again for a small profit before it continues it's bullsih momentum.
The overall long term is still showing a bullish trend on the martin trend indicator (green dotted line below the candles). The martin buy/sell indicators has just had a cross above the green lower green line which is a buy signal detecting a possible bullisih trend reversal. This is my entry point for the next swing trade. If the upper resistance continues to stand strong I will exit here once again. I have been flipping this pair with an average of %5-%10 profit with each trade. This has been a really fun and exciting pair to trade and I plan on riding this wave as long as I can.
You also need to keep an eye on all of these areas and enter into a range based on the data you are seeing. Even though my indicators are showing a bearish mood, the overall trend is still bullish. The BNB/USDT pair seems to shift gears every 6-10 days. The bollinger bands, which are not shown here, are also indicating buy signals for long traders. The candles are riding the lower portion of the bands which is a buy low/sell high entry point as well. My overall sentiment on this pair is to flip it and take advantage of the highs and lows with every sentiment change. I have a current buy order placed at $17. I will adjust this number accordingly with minor adjustments if I see any price fluctuations.
Currently the RSI and Stochastic are neutral but both a riding closer to the bearish/oversold side of the scale.
RSI = 38.9
Stochastic = 40.1
Please hit like and throw me a thumbs for taking the time to inform you all of what I am seeing and doing with my trades or, if you have found this information helpful or useful! :-) I hope you are all successful in your trades and I encourage you to always do your own research as well for maximum success.
Good Luck and Happy Trading! :-) :-) :-)
-AWC-
*THIS INFORMATION IS INTENDED FOR EDUCATIONAL USE ONLY AND IS NOT MEANT AS ANY BUY/SELL ADVICE. TRADE AT YOUR OWN RISK.*
It has been a while since my last analysis, life has been work busy. Today I decided to take the time to sit down and do some analysis for those of you interested in what I have to say. With that being said, using all of my techincal indicators and data, I have been swing trading BNB/USDT and TRX/USDT for the last several weeks with much success. Up until the today my favorite buy in area has been $17.50 with an exit anywhere between 18.50-19.50 depending on how the day has been going with trends. Currently I am very excited because BNB/USDT has broken below my personal buy area and,is holding strong with an average of $17.00-$17.30. I am going to be making another entry around these levels with a stop loss of $16-$16.30. There is a large ascending channel which is a positive upward sign, however, the pair is currently riding the lower band of that channel so we need to watch this area to see if it holds or, breaks below the channel. The pair is trading inside of the lower resistance zone (Red Boxes) which is off set in between the 100 and 200 MA's (Orange Lines) and riding in between the channel made by the MA's. I will be watching this area closely to see what direction we end up traveling. If we are able to break above the 100 MA we are closely approaching the upper portion of the lower resistance zone. If it holds and maintains, we are once again likely to see a break out towards that upper resistance zone (Red Upper Box). We have not been able to break above the upper resistance area of roughly $20 which I have been successfully using as an exit area.
The short term trend is currently showing bearish signs so, those shorting this pair can consider setting a stop loss around $18.67. IF you decide to enter in the current area keep in mind that the bulls can regain control within a few days. I say this because the current trend is showing bearish signs, yet the long term is still bullish. Short traders can see an entry point marked by the red "E" which is telling me the trend is expected to possibly drop again for a small profit before it continues it's bullsih momentum.
The overall long term is still showing a bullish trend on the martin trend indicator (green dotted line below the candles). The martin buy/sell indicators has just had a cross above the green lower green line which is a buy signal detecting a possible bullisih trend reversal. This is my entry point for the next swing trade. If the upper resistance continues to stand strong I will exit here once again. I have been flipping this pair with an average of %5-%10 profit with each trade. This has been a really fun and exciting pair to trade and I plan on riding this wave as long as I can.
You also need to keep an eye on all of these areas and enter into a range based on the data you are seeing. Even though my indicators are showing a bearish mood, the overall trend is still bullish. The BNB/USDT pair seems to shift gears every 6-10 days. The bollinger bands, which are not shown here, are also indicating buy signals for long traders. The candles are riding the lower portion of the bands which is a buy low/sell high entry point as well. My overall sentiment on this pair is to flip it and take advantage of the highs and lows with every sentiment change. I have a current buy order placed at $17. I will adjust this number accordingly with minor adjustments if I see any price fluctuations.
Currently the RSI and Stochastic are neutral but both a riding closer to the bearish/oversold side of the scale.
RSI = 38.9
Stochastic = 40.1
Please hit like and throw me a thumbs for taking the time to inform you all of what I am seeing and doing with my trades or, if you have found this information helpful or useful! :-) I hope you are all successful in your trades and I encourage you to always do your own research as well for maximum success.
Good Luck and Happy Trading! :-) :-) :-)
-AWC-
*THIS INFORMATION IS INTENDED FOR EDUCATIONAL USE ONLY AND IS NOT MEANT AS ANY BUY/SELL ADVICE. TRADE AT YOUR OWN RISK.*
Trade closed: target reached:
Hello Everyone,
My target of $17.00 has been reached (a lot faster than I had thought it was going to happen) and I have officially switched that buy into a sell at $19.50, which, is the area of greatest resistance for this pair. If it appears as if it will break above the upper resistance area, I will adjust my sell price accordingly. As of now, it will stand at $19.50. The pair has broken above the 100 MA, it's traveling up and away from the lower band of the ascending channel, the bollinger bands are also showing upward movement. The candles inside the bands are now bullish candles that have breached above the center band heading straight for the upper bollinger band (sell high).
The next target areas are $18.60 and then from there $19.85. $18.60 should be a pretty easy target to hit, as of writing this BNB/USDT is $18.41 and showing no sign of stalling. Keep in mind $19.85 is very much within that upper resistance zone so that target will remain to be seen. If it does get to this area, watch for a test and then a retest of the upper resistance. If it breaks through the retest we will officially have taken on a higher high and new analysis will have to be examined for the next moves.
The overall momentum on the trend meter (bottom indicator with all of the red dots) is currently turning bullish on the 4 hr chart and has already turned completely bullish on the 1 hr.. You will not see that here because these meters do not update on your charts (only mine) once they have been published. I will post another 4 hr snap shot for comparison.
On the four hour chart you can see slow (I say that loosely) bullish momentum beginning to happen. When zoomed in on the 1 hr chart we have officially entered into bull territory. I have included the 1 hr snap shot here for you to take a look at.
Happy Trading!
-AWC-
THIS IS MEANT FOR EDUCATIONAL PURPOSES ONLY AND IS NOT MEANT AS BUY OR SELL ADVICE.
1 hr chart snapshot:
My target of $17.00 has been reached (a lot faster than I had thought it was going to happen) and I have officially switched that buy into a sell at $19.50, which, is the area of greatest resistance for this pair. If it appears as if it will break above the upper resistance area, I will adjust my sell price accordingly. As of now, it will stand at $19.50. The pair has broken above the 100 MA, it's traveling up and away from the lower band of the ascending channel, the bollinger bands are also showing upward movement. The candles inside the bands are now bullish candles that have breached above the center band heading straight for the upper bollinger band (sell high).
The next target areas are $18.60 and then from there $19.85. $18.60 should be a pretty easy target to hit, as of writing this BNB/USDT is $18.41 and showing no sign of stalling. Keep in mind $19.85 is very much within that upper resistance zone so that target will remain to be seen. If it does get to this area, watch for a test and then a retest of the upper resistance. If it breaks through the retest we will officially have taken on a higher high and new analysis will have to be examined for the next moves.
The overall momentum on the trend meter (bottom indicator with all of the red dots) is currently turning bullish on the 4 hr chart and has already turned completely bullish on the 1 hr.. You will not see that here because these meters do not update on your charts (only mine) once they have been published. I will post another 4 hr snap shot for comparison.
On the four hour chart you can see slow (I say that loosely) bullish momentum beginning to happen. When zoomed in on the 1 hr chart we have officially entered into bull territory. I have included the 1 hr snap shot here for you to take a look at.
Happy Trading!
-AWC-
THIS IS MEANT FOR EDUCATIONAL PURPOSES ONLY AND IS NOT MEANT AS BUY OR SELL ADVICE.
1 hr chart snapshot:
Trade closed: target reached:
1 hr updated snapshot:
Comment:
4 hr chart snap shot. Stop Loss currently at $16.25 for long position.
Comment:
I'm getting ready to sell. My $19.50 target point is very close. There was a cup and handle formation that played out perfectly which takes it directly to the area of major resistance. You can see the bulls are in control however, the RSI and Stochastic are very much on the overbought bulls side. I have included the Fib retracement so you can keep an eye on corrections and reversal areas. I will be watching for a test of the upper resistance area. If it retests we may have the possibility of an upper breakout but, we shall see. This area has yet to be penetrated.
BNB/USDT is riding the upper channel of the Bollinger Bands, buy low on the band/sell high on the band. This is another sell indicator for my trade.
I have checked all the way down to the 30 minute chart and the trend is still very bullish so there is a possibility this may actually break out.
Good Luck and Happy Trading!
-AWC-
FOR EDUCATIONAL PURPOSES ONLY. THIS IS NOT MEANT AS TRADING OR BUY/SELL ADVICE.
4 hr snapshot:
BNB/USDT is riding the upper channel of the Bollinger Bands, buy low on the band/sell high on the band. This is another sell indicator for my trade.
I have checked all the way down to the 30 minute chart and the trend is still very bullish so there is a possibility this may actually break out.
Good Luck and Happy Trading!
-AWC-
FOR EDUCATIONAL PURPOSES ONLY. THIS IS NOT MEANT AS TRADING OR BUY/SELL ADVICE.
4 hr snapshot:
Trade closed: target reached:
My target of $19.50 has been reached. We have also entered into the area of heavy resistance testing the next fib level 0.382 slightly passing 19.85 which is being tested as I write this. There is no sign of this stalling out as of right now, all my indicators are showing signs of this going higherand are extremely bullish.
Then next area to watch for is 20.286 at the 0.236 fib retracemnt. BNB/USDT has had major trouble holding these levels so, until I see further action, I am going to re-enter at the next dip and do it all over again. As of now, I am sitting on the sidelines watching to see if we blow the resistance zone out of the water or, if we correct back down. Time will tell. As of now I am happy with a %13 profit from this trade.
I would have set my exit point at $19.75-$20.00 however, I was busy working around the house and my target of 19.50 was hit before I was able to see what was going on and the pair had already launched. Oh well, thou shall not be greedy! All of my targets were hit. If anyone here went for the ride with me congrats on the profits.
As always this is for educational purposes only and is not meant as trading or buy/sell advice. Always do your own research and evaluate the data you find.
Happy Trading Everyone!
-AWC-
Then next area to watch for is 20.286 at the 0.236 fib retracemnt. BNB/USDT has had major trouble holding these levels so, until I see further action, I am going to re-enter at the next dip and do it all over again. As of now, I am sitting on the sidelines watching to see if we blow the resistance zone out of the water or, if we correct back down. Time will tell. As of now I am happy with a %13 profit from this trade.
I would have set my exit point at $19.75-$20.00 however, I was busy working around the house and my target of 19.50 was hit before I was able to see what was going on and the pair had already launched. Oh well, thou shall not be greedy! All of my targets were hit. If anyone here went for the ride with me congrats on the profits.
As always this is for educational purposes only and is not meant as trading or buy/sell advice. Always do your own research and evaluate the data you find.
Happy Trading Everyone!
-AWC-
Trade closed: target reached:
4 hr snap shot. Target Reached, Trade Closed: