Hello traders! Today we will talk about BNBBTC and its price action from Elliott Wave perspective. BNBBTC is clearly bearish, but it's obvious that is slowing down. However, we still see room for more weakness, especially because of the recent three-wave intraday corrective recovey only. So, it's ideally unfolding a bigger ending diagonal (wedge pattern) into...
In today's video, we analyze Binance Coin traded against Bitcoin as an example for what trends are & how to identify trends based off lows and highs! Enjoy :) DISCLAIMER: Investing into cryptocurrency and DeFi platforms comes with inherent risk including technical risk, human error, platform failure and more. Invest at your own risk. None of our content is to be...
As we see on chart, #BNB 1D has a great history with EMA200 (BLACK) as rebound level, it was repeated several times and now we are again near to see the next bullish run if rebound from EMA200. I will update the chart when possible.
"What is Profitable" indicator is showing that BNB and Alts are very strong. BNB as been running for 42 days Alts are pumping for the last 9 days The longer the trend, the longer it might be This development was not expected. This morning BNB had a tendency to drop
If the price can break the ceiling of the current box
Normally, this detector is very useful to find the next ATH. The idea is also presented by MMCrypto. MMCrypto uses Fibonacci Multipliers on 1D and 3D. When you try it on 6H as shown, it is displaying very interesting support and resistance points. I circled them. Hmm. It looks like 6H is a very good time frame to trade. You can try Golden Ratio Fibonacci...
Everything you need to know about Binancecoin :)
BNB has completely outperformed in this bear market, at time of writting this post bnb is retesting its ATH. The price uptrend is backed by the strong fundamentals and high earning margins of Binance exchange, which managed to make $480M in 2018. However , based on TA perpective i am guessing that the price action haven't seen the major correction which is the...
Introduction Developed by Gerald Appel in the late seventies, the Moving Average Convergence/Divergence oscillator (MACD) is one of the simplest and most effective momentum indicators available. The MACD turns two trend-following indicators, moving averages, into a momentum oscillator by subtracting the longer moving average from the shorter moving average. As a...