We got a LONG signal on BNBETH from SwingBot
Trade Risk: Medium
BuyZone, Possible targets and Stop loss are indicated on the chart
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BNB looks like it would test again the 139880 sat mark, the RSI still has room to grow to that price. there is a nice volume coming fro the coin, and the news that it would be come a stable-coin would probably help the price get to this mark. it could be a secure 6% gain
BNB signal was just given few hours ago in the telegram channel, imgur.com, and it pumped afterwards.
It was mentioned that BNB will be opening deposits and withdrawals soon, so more volume will come in. With Binance IEO coming up, trading BNB with more leverage is not a bad choice.
The entry point was 0.108 - 0.11
You can take profit at 0.126,...
We are back with a new interesting trade! Yesterday was a very profitable day because BNB reacted as expected. It went down and we scalped some longs along the way down.
This time we don't trade BNB against tether. Instead, we will use the BNB/ETH pair!
We think that ETH can outperform BNB with +- 9% so we will switch some BNB to ETH and buy it...
Chart of BNB v ETH... BNB strength is indicated by higher highs... I expect this dynamic to stop working at some time and this chart should show that first. Does not mean that either has to drop for that to happen, but that ETH outperforms BNB when this chart trend reverses.
BNB/ETH just completed 1st of 5th Primary wave. A corrective wave ABC is on its way. Short term buying opportunity to watch out!!!
Wave c end = 0.0480000 - 0.500000 (Buy)
Wave 5 end = 0.085000 - 0900000 (Sell)
DMI Indicator = Downwards momentum about to gather speed
Currently position = sell
There is no trend in the market and the price is in a range bound, but we forecast resumption of uptrend.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. Relative strength index (RSI) is 45.
New trading suggestion:
*There is still a possibility of temporary retracement to suggested support line...
Heyy friends , fast one for BNB Holder , if your trade it against Ethereum , we are on very high value , hard to imagine can win very much more. Even if Ethereum is not in good health.
We have a long RSI hidden bear div.
All support/resistance lines are the same and here from my last idea of 28 july , 0.028~ to look and 0.025~
I think of strong chances to see...
This is just a quick follow up idea on my "How To Trade BNB" post.
But this one is for BNBETH.
I know I used a lot of Fibs in this analysis, but they worked very well in the past for this pair.
We are in a very strong uptrend/channel right now.
Using the Fibs you can easily see an ascending triangle formation (same idea as in the main post).