ssari

BNB (Y20.P1.E1).Macro.Structure

ssari Updated   
BINANCE:BNBUSDT   Binance Coin / TetherUS
Hi All,

I started of doing this chart earlier today because I recall in the past, BNB did well when BTC did bad.
I got sidetracked and now finishing it off.

Between the start of this exercise and of recent, I missed the good opportunity. I doubt it I would have seen it coming, in a short time span.
I need to know how to capture these opportunities, how good would that be if we had alerts to do that?

I considered jumping it but after looking closer, the answer was no because of the looming strong trend resistance line\s.
Sure enough, it was rejected there.

As for when to trade this, I believe right now just like BTC, we are getting mixed signals and hence better to sit it out for another 8 to 12 hrs.

If the trend line is passed, then that's a good signal to go in. Then its worth looking at it as to where.

For now, I have my target identified, however I have not identified my entry, if there is to be one.
But one must TA, comprise a plan and then execute.

Please give me a like or tick for the effort put in.


Cheers,
S.Sari



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9 hours to work out how the daily candle closes. FYI. price is bullish as its on the top half of the BB with an uptrend.
I would like to see and open and close daily candle above the trend line.
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The 50 and 100 EMA ribbon are acting as resistance on the daily.
The bullish part, the 10 and 21 are for now, acting as support. Need to see how the next 9 hr of the daily candle closes.
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Comment:
From now on, I'm going to add this chart of other stock markets to all my posts. Hence when looking back, it should tell us a story.
Comment:
The missed opportunity. Waiting for the pullback and then see.
Comment:
time to go long
Comment:

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