A great idea is to trade the ending diagonal in the wave (C) of of "iii". The stop is marked with an orange level, the target is in the turquoise (blue) rectangle. The risk/reward ratio is excellent, so I see no reason to skip this deal.
We are heading to wave (C) and the downside has been confirmed after breaking the uptrend
BNB currency is very strong but a correction is required to start a new bullish wave and a nice entry point
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This powerfull coin is located in a Descending Channel, and possibly price will continue it's movement to a most powerfull support which is 0.2499 also it covers by 70% Fibonacci too.
I expect this support show it's role and change the trend from descending to ascending trend. If If If price breaks this powerful support then the next support will be 0.1750.
In the daily chart, it's completely bearish but in 4H we may see a Bull wave before downtrend.
TL: 20 Jul
Stop loss 28.3
TL: 16 Jul 08:00 UTC 21 Jul 00:00
BNBUSDT refuses to go down, almost like a very valuable commodity this thing just keeps its value even when BTC drops like a bag of bricks. I have a buy order waiting for it around the 200MA (The black line) during a sudden drop of BTC this coin may generate a long wick that will reach all the way down to $23.50 before continuing a slow but steady climb to $50.00...
Under the pressure of BTC dump, BNB moved on the bad case and the next dip if 25$-25.5$. We can sell your BNB and wait it at this zone
Accumulate : 25-25.5$
Sell : 26.5-28$
Mid-Hold : 30.5$
Long-Hold : 31.75-38$
Stop : Under 25$
BNB/USDT is finally reaching our desired accumulation zone, offering an exceptionally good risk to reward ratio at this point.
- Up-trending slope (1) has been working flawlessly since Mar '19, and we certainly expect some bounce from it at this point.
- Some of our followers may be doubtful about this trade looking at the Negative crossover...
There is an inverted Head and Shoulders Pattern in 4H chart, we can also see resistances which have been shown by redlines, if price can break 34 and be stable above that, we will have a long trigger there. if it happen new ATH is available.
Priceline of Binance Coin / TetherUS has formed a gartley pattern and entered in potential reversal zone.
From here the price action can hit the sell targets soon insha Allah.
I have used Fibonacci sequence to set the targets and the targets are:
Buy between: 27.3584 to 25.9468
Sell between: 28.4769 to 31.1526
Atif Akbar (moon333)
This looks a lot like MM is trying to execute all stop losses and let everyone out before the main movement. On the whole history of BNB i didnt see any triangle without breaking it down before the movement. RSI is on position from where it was always a significant bounce back. Right now i see 2 possible scenarios. We either gonna retest this triangle from the...