I drew this chart up and the math seems legit. We've retraced to a 0.618 retracement which finishes a bullish gartley pattern. I believe we are in setup for an ABCD correction before continuing the move up to prior resistance of 15 dollars. Lets see if this plays out.
Here is a comparison of BNB to BTC and ETH on a weekly log scale. I was inspired by a chart I saw today "Is BNB the new ETH"
On this chart however is the continuation of a cup and handle pattern formation. This is but an update.
This is my viewpoint and my opinion. I am not giving advice but only sharing what I see. Do not enter a trade on my TA...
New indicator called "Sure swing" is a sure fire hit, it may have few signals but it is wickedly accurate. For BNB it was 100% profitable for 1 year run. For other coins it ranges from 80, 70, 100% profitable.
My thoughts are in the 10 minute video of course. Applied a "possible" Wyckoff Accumulation Schematic to this pair. We "could" be in Phase B of a large Distribution Schematic. However, that will require another video but does not alter the fact that exhaustion is drawing near within the indicators of the 4-Day Time Frame (TF) and Higher TF's.
I'm adding at...
BNB Up Trend until 25 Feb 2019 before down to 9 USD.
( Because Everyone Buy BNB for Participate in FecthAI and Who can not participate FecthAI will sell BNB to 9 USD Strong Base )
BNB Strong Up Trend In Longterm (Week - Month) Target maybe 15 USD.
I just shared a full analysis for Binance Coin vs Bitcoin (BNBBTC), and the charts are crying bearish all the way.
The charts for Binance Coin vs Tether (BNBUSDT) are a completely different story. Here I can see some really good bullish potential.
Let's take a look at the signals and see where the bullishness is:
First let's notice the red-dashed trendline...
Hi, we are back with yet another BNB trade idea. We certainly believe there's room for further upside, considering the right mix between Technicals and Fundamentals (9,200 MA crossover & FETCH ICO driven demand). The logic is to buy the 9MA and 200MA, with stop placed slightly below the positive channel that was broken out of recently. Please refer to the chart...
BNB continues to be the outright leader in this bear market
After dropping hard on the BTT news, BNB used the demand zone below to reload and it fueled the next move higher into the supply zone that has now turned into support
It has been consolidating since the month of December in this channel and broke out higher on the 5th
We could see it cool off and...
Hello traders! Today we take a look at BNB / USDT
Based on price action, we are awaiting a high TF close above this Supply level for $BNB. A solid close could take us towards $8.50 USD
Otherwise I am leaning bearish with a target Support of $5.00 USD
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I fine tuned the previous idea of the cup and handle formation.
This is my viewpoint and my opinion. I am not giving advice but only sharing what I see. Do not enter a trade on my TA but do your own homework.
Cryptocurrency is volatile and very risky. Never invest what you can't afford to lose and always educate yourself and continue to do so...