alanmasters
Long

Binance Coin vs Tether (BNBUSDT) A Completely Different Story!

BINANCE:BNBUSDT   Binance Coin / TetherUS
I just shared a full analysis for Binance Coin vs Bitcoin ( BNBBTC ), and the charts are crying bearish all the way.

The charts for Binance Coin vs Tether ( BNBUSDT ) are a completely different story. Here I can see some really good bullish potential.

Let's take a look at the signals and see where the bullishness is:

  • First let's notice the red-dashed trendline which was broken recently. This trendline goes back to January 2018, it was broken on January 2019. It took BNBUSDT one year to get out of this whole, but it now has the possibility of going up for a similarly long period or even more.
  • We can see almost record volume printed on the first week of February for BNBUSDT . The next week is consolidation week, a Doji (which normally means reversal) with high volume which absorbed all selling.
  • BNBUSDT broke above EMA50 and remained above it, this is a signal of strength.
  • The MACD histogram is clearly in favor of the bulls, and the bullish crossover is sticking up strong. I marked it this time with a yellow circle on the chart.
  • The RSI is massively bullish . This being the weekly time frame, signals here are really strong. With the RSI at 55, you can expect additional green action in the weeks ahead.
  • The TD Sequential is also signaling towards the bulls, and we have a new uptrend in place (higher highs and higher lows).

Conditions for change: Very unlikely but, if BNBUSDT loses momentum and goes down and closes below EMA10 we put our warning hats on as the trend might change.

This was a quick analysis. I hope you learned something or at least were entertained.

This is Alan Masters... Thank You Once Again!

Namaste.
Comment: Trade: Binance Coin (BNBUSDT)

BUY: 8.41 - 9.90

TARGETS:

(1) 11.00 -Reached
(2) 14.00 -Next target
(3) 17.10

STOP: Close weekly candle below 6.60.

(I am sharing this for tracking purposes only, this is not trading advice).
Targets are also marked on the main chart above.
Comment: Great profits, great momentum.
+64% Profits generated and more to come.

TARGETS:

(1) 11.00 -Reached
(2) 14.00 -Reached
(3) 17.10 -Next target
Comment: TARGETS:

(1) 11.00 -Reached
(2) 14.00 -Reached
(2.5) 16.00 -Reached
(3) 17.10 -Next target
Trade closed: target reached: ALL TARGETS REACHED.
Enjoy the profits.

+87% Profits generated for Binance Coin vs Tether (BNBUSDT)

TARGETS:

(1) 11.00 -Reached
(2) 14.00 -Reached
(3) 17.10 -Reached
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+2 Reply
@Cryptor07, Thanks a lot for sharing.
Reply
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