The chart is well explanatory and all possible action to do are well expressed.
Do remember to like and subscribe(Click follow) to our profile for fast and quick daily updates on all our trading ideas
Spotted potential Descending triangle pattern with price moving down in a mini downtrend channel which break down and we are waiting for a re-test on the channel body before the next leg down to test out our proposed accumulation zone.
Looking closely on the previous trading pattern it shows whenever it touch those trendline price always resulted in serious...
Its only a Short Analysis.
Please dont forget in the Most Assets, we are in a Bear Flag .
And the Price must close and confirm above the Goldenpokets to change the Trend direction.
For a real Bullrun, we need a new CLOSE Higher High on the Daily.
! BNB got a high correlation to BTC, keep this in mind !
Looking at the channel which successfully rejected from bottom,
Cycles which it is in bullish phase,
Fundamentally which CZ is behind it İs think it's one of the coins that you should have it in long-term
We got a resistance at 27-30 and a bearish cypher
İf markets volatility allows we should see some sort of retracement to 20-22 area or at worst...
Everything you need to know is chart already. I mentioned all the things as simple as i can to avoid confusions and stress.
Remember, This isn’t a signal to buy or sell.
Use your analysis and trade if your idea is clear or matched.
Don’t forget to give it a like if you find it useful.
BNB price action: Bullish breakout of ascending triangle formation at 13.65$. Potential targets: 14.79$ and 16.29$. Invalidation break down bellow support trend line at 12.2$.
Volume: increased, good sign.
Indicators: MACD bullish crossover above zero line, RSI above 50 points , good sign.
Patterns: Breakout of ascending triangle formation. PA above support...
Market is still trying to recover after monster sell off.
We are discussing BNB today with two possible bullish scenarios:
1.Longs between 12/10 USD, stop under 8, target 25
2. Breakout higher, retest 14/12 long, stop under 11, target 25
Coin exchange - binance.
The main trend is an uptrend. Formed an ascending channel.
The secondary trend is a downtrend. Formed a downward wedge.
Cycle 1 is about 370 days.
Cycle 2 is about 470 days.
Cycle 3, if confirmed, about 570 days.
The coin is promising for the accumulation of position, as long as the Binance exchange exists and is in the hype of the...
It is moving in the box section of 11.4511 ~ 13.0043.
If you are considering a mid- to long-term investment, I think you can buy anywhere under 14.9444.
Most altcoins are affected by the flow of BTC and are gradually losing power.
In this case, you need to be careful about altcoin trading.
We believe that the altcoin...