I see a potential long trade for BNB again. On the left we see an H&S in the making, indicating more downwards movement. Price broke the neckline today and jumped back in again. This might be a big signal that this H&S might fail and that we see a contrair movement. And the bullish wedge we can see on the left, gives the failure of the H&S a bigger chance.
Both our mid level TP set: 8.8857, 8.2522 and long term TP = 7.5154 have been achieved as the 1W Channel Down (RSI = 34.264, MACD = -1.053, Highs/Lows = -3.1643, B/BP = -5.2961), delivered another -45.50% bearish leg. Although that is not near the Lower Low limit (3.500 - 4.000), it indicates that the decline for BNB may be over. Our SOER strategy on BNBUSD has ...
The bullish market from Monday.
Price goes up, over 8% in 24 hours. Might not seem a huge growth, but considering the drop for other cryptos, quite impressive.
The tendency shows no signs to change during the nearest future.
it's mainly for swing trading, i use the 3 day / 15 day / monthly charts with it and it works perfectly,
it works good for stocks and cryptocurrency.
you will use heiken ashi chart style and turn on the EMA DOTS indicator.
once the indicator is on you will hide the heiken ashi so you only see the dots.
when a green dot ...
After thorough coverage of why we believe the Binance token (ERC20) will reap some serious long-term rewards, it only made sense to hop into a light price analysis examining $BNB’s future trajectory
Without further ado, let's get into it.
Check out this H1 chart:
We usually start off with the daily resolution and then ...
Bnb candles have opened above the 1x1, in a Gann chart, below the 1x1 is bearish, above is bullish - The Mac D and RSI are curling up from the depths - the range is inside the coloured fibs and fib ray - How high we get depending on the strength of the whole market but i anticipate over around $12.60 - I have a soft spot for Bnb as it kept my fundus safu for a ...
BNBUSD is about to cross the 1D Triangle (RSI = 37.445, Highs/Lows = -0.2892) to the downside, an event that will create a new Channel Down pattern on accelerated pace (MACD = -0.138, B/BP = -0.5823). Mid level TP set: 8.8857, 8.2522 (support levels), long term TP = 7.5154, wich will make an excellent Lower Low for the long term underlying bearish pattern of the ...
The Binance Coin is on a flat variance both on 4H (RSI = 47.049, STOCH = 46.766, CCI = -10.4198, Highs/Lows = 0.0000) and naturally within the 1D Triangle (RSI = 47.030, Highs/Lows = 0.0000). The long term bias though remain bearish as the 1W Channel Down weighs. We are expecting a bearish break-out by the end of the month towards the 8.8857, 8.2522 support ...
Despite the weekly (non-technical) volatility (ATR = 0.4643), the Binance Coin has created the anticipated Channel Down on 1D but remains largely neutral (RSI = 50.191, MACD = -0.050, Highs/Lows = 0.0000) due to Monday's spike. The 8.8857 and 8.2522 support levels need to break on this Channel Down. Our TP on BNBUSD remains 7.5154.
The Binance Coin is trading just below the 10.66 1D Resistance which was marginally broken but appears to be rejecting the uptrend since (RSI = 51.974, Highs/Lows = 0.0000). If this is considered a Lower High on the 1W Channel (MACD = -0.305, Highs/Lows = 0.0000, B/BP = -1.3464) then a Channel Down should emerge towards the two support levels: 8.8857 and 8.2522. ...
Binance Coin is testing downtrend resistance dating back to June. It has been one of the stronger crypto assets over the past few days, experiencing range expansion while most coins are seeing volatility contracting.
While volume has declined since the initial rally, it has remained notably higher on the green candles. We are looking out for an upside break ...