The correction for Binance Coin (BNBBTC) only lasted a few days... After testing EMA10 and EMA50 as support, we are seeing strong bullish action taking place.
I wouldn't be surprised if we more gains.
The last high if the first and main target for this current move.
Very simple trade I did, ascending triangle forming (high lows) bought at break of 0.00232xx resistance.
0.236 Fib level acted as resistance, increased stop-loss to break even.
Rally continued, took portion out at 0.382 fib level, again increased stop-loss. So was always in a winning trade.
Took another portion out at 0.5 fib level, let the rest RUN with...
BNBBTC bounced on 0.786 Fibonacci Level and now is testing a weekly resistance.
IF the price will break weekly resistance According to Plancton's strategy, we can set a nice order
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure...
Binance BINANCE:BNBBTC is the best crypto exchange with proven authority and constant updates over the past years. Shortly it became the biggest CEX and released their coin to handle the most volume they direct through their services.
Although now we see the DeFi craze and launch of new DEx like Uniswap BINANCE:UNIBTC that are releasing their own token as...
Binance Coin (BNBBTC) is looking really strong with prices now trading above EMA50.
The last time BNBBTC moved above EMA50 a 290% bullish wave followed.
Last week prices closed above EMA50 on a very strong green candle with the highest volume since July 2019.
The RSI is very strong at 67 while the MACD allows for additional growth.
Any trading above EMA50...
-Binance coin broke the midterm resistance at 0.00240 sat
-This is an engulfing Bullish if the weekly candle closes above
-Can we expect a pullback to test old resistance becoming new support?
-If the next candle is also Bullish then it will not happen in the near term
-It is more likely to test the resistance at 0.361 sat before seeing a...
Binance Coin (BNBBTC) is now trading above EMA300, this level has been working as resistance since February, take a look:
EMA200 and MA200 were also taken out yesterday, this is a strong bullish signal.
As long as BNBBTC remains above all these levels, we are strongly bullish, prices can continue straight up.
Here I go long on Binance Coin and Binance Coin will go up. The price is testing the major resistance, so now I go 5x long and the bullish breakout will start. And Binance Coin Rocket will launch. See you up there.
BNB is retracing exactly 50% from the last high and is actually sitting on weekly support. With Binance Smart Chain coming up with which you can farm new tokens with BNB, its clearly that this is a golden buy opportunity for the mid term hold.
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Buy around 0.00264 - 0.00233
1 - 0.00300
2 - 0.00344
3 - 0.00393
4 - 0.00422
Fixation below 0.002247, the price may turn into accumulation
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Waiting for your comment, what do you think about this?
We can see that BNB is accumulating in demand zone for the second time (we can see what happend after 1st accumulation stage)
And now we can witness the 2nd breakuot and catch some nice gains.
Buy levels are marked on a chart.