Divergences across the board on volume, rsi, and now MACD.
I think we just hit the end of wave 3 and the fib extension lines up with the 0.5 which is pretty good.
The Risk/Reward on this is HUGE!!!!
Note: I am currently short.
Not financial advice.
Should we short the BNB now ?? This is the last analysis of this series of 3 analysis done over 5 days. The first one , on March 17 was correct, same for the second one on March 18 (check my profile, drop a like on one of the 2 previous ideas if you see it). Regarding this idea, it will work and we will reach the $25X area (2 < X < 7) if price stays under the...
On D1, the cloud is directing upward, indicating an uptrend. Also, the boundary of the ascending plane (channel) is visually visible, which can be a price correction.
The price can form a local triangle-shaped correction pattern. RSI H4 may also form a triangular range.
We recommend buying BNB at the end of the triangle pattern formation.
At D1, the cloud is directing upward, indicating an uptrend. On H4, the cloud is directing downward, indicating the formation of a correction for D1.
We recommend buying when the RSI reaches an oversold level on the H4.
At H4, the cloud is directing downward, indicating a downtrend. At H1, the cloud is directing upward, indicating the formation...
The price is trading above the Ichimoku cloud by testing the border of the trend line.
RSI is in an undefined state, indicating a correction.
We recommend buying from a key Fibonacci level of 61.8%.
The price is below the Ichimoku cloud, indicating a local correction. RSI has formed a convergence, indicating a possible end to the...
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I expect a decline in the framework of wave C of (iv), after which the price may continue to rise in wave (v) of 3.
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