BNBBTC Rather BULLISH THOUGH VERY VOLATILE SET STOPLOSSES
Technical Analysis Forecast for Short-Mid on BNBBTC is as follows:
As always 18465s is your main figure, the STOP loss you should set before making any other bold moves
On the short-term; I'm very BULLISH on BNB, and 19480 is looking like a low risk low reward safe target for now yet if you're a more aggressive trader by all means wait to see how/if we retest the support needed to cross to next resistance threshold; as always be very careful with pairings as they can be tricky indicators can mislead you as BTC needs to parallel BNB priceaction for steady growth HENCE why I cannot stress enough the need for stop-losses!
Overall, BNB is a safe investment -- being in the top 25 market cap; the largest exchange on Earth, there was a time barely 2Q ago where BNB was hovering around a mean price range of 24-26$ and even at that price its still considered bullish, with plenty of room for growth as more users adopt crypto/learn about blockchaintech.
BNB has and always will be a major portion of my portfolio -- I support CZ, the charity initiatives by Binance Angels & Academy, & the lack of greed by the development team as men like CZ are genuinely interested in global adoption & not lining their pockets.
I would highly recommend an entry to all you EMA[8,12,15,20,] swing-traders if you're not HODLing already.
Not Financial Advise.
Happy Holidays / New Years!!
m.T.
As always 18465s is your main figure, the STOP loss you should set before making any other bold moves
- TP1-3 is labeled accordingly with green horizontals with 19480s as your SHORTSELL TP1
- TP2 & TP3 == 20710sats // 20898sats respectively, CONTINGENT on whether we can break S1R1 S2R1 S2R2 as indicated by yellow resistance horizontal & blue pivot/support horizontal.
On the short-term; I'm very BULLISH on BNB, and 19480 is looking like a low risk low reward safe target for now yet if you're a more aggressive trader by all means wait to see how/if we retest the support needed to cross to next resistance threshold; as always be very careful with pairings as they can be tricky indicators can mislead you as BTC needs to parallel BNB priceaction for steady growth HENCE why I cannot stress enough the need for stop-losses!
Overall, BNB is a safe investment -- being in the top 25 market cap; the largest exchange on Earth, there was a time barely 2Q ago where BNB was hovering around a mean price range of 24-26$ and even at that price its still considered bullish, with plenty of room for growth as more users adopt crypto/learn about blockchaintech.
BNB has and always will be a major portion of my portfolio -- I support CZ, the charity initiatives by Binance Angels & Academy, & the lack of greed by the development team as men like CZ are genuinely interested in global adoption & not lining their pockets.
I would highly recommend an entry to all you EMA[8,12,15,20,] swing-traders if you're not HODLing already.
- Disclaimer
Not Financial Advise.
Happy Holidays / New Years!!
m.T.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.