Wyckoff_Analytics
Short

Binance Coin (BNBUSDT) downtrend. Downswing opportunity

BINANCE:BNBUSDT   BNB / TetherUS
CURRENT ENVIRONMENT: DOWNTREND
WYCKOFF EVENT: UPTHRUST + TEST
CURRENT BAR: Synchronicity to the downside.

WYCKOFF STORY:
Temporary absorption in October. Demand comes in, but supply still persists in the $19-$20 level

FIRST TARGET: Upsloping support

INSTRUMENT: BNBPERP on FTX Futures

Happy Trading,
Alessio
Wyckoff Method Trading and Education
https://www.wyckoffanalytics.com/
Stocks. commodities, Indexes, Currencies
Roman Bogomazov

Cryptocurrencies
Alessio Rutigliano
Free blog https://www.wyckoffanalytics.com/wyckoff-in-the-world-of-cryptocurrency
Looking reasonable. Any analysis for iota available?
Reply
@BarrenWaffe Thank you. Like the majority altcoins, IOTA is going to retest the support of the current range formation, but it is probably not the best candidate for a swing trade to the downside.
Reply
BarrenWaffe Wyckoff_Analytics
@Wyckoff_Analytics, you are probably right. It will retest the 0.25$ area at least. Unlike the other coins IOTA is insanely compresses right now. I would love to see your labeling of the current structure.
Reply
@BarrenWaffe, We will satisfy your curiosity very soon. Thank you for following us!
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Help Center Refer a friend Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out