Binance Coin / Ethereum
Long
Updated

BNB/ETH Ascending Channel 280% Potential profit

564
BNBETH is following an ascending channel. If it keeps following it, it could hit 0.039 ETH by Jan 20th.

PLEASE NOTE: I can't ensure that this will happen, so take this advice at your own risk.
Note
snapshot
I've changed the fibonacci levels a bit, so here is the new chart.
I will open my position when the price bounces of the bottom support line.
Note
The bottom has been hit and I have opened my position.
Trade active
snapshot
It broke the downtrend and it should go up from here.
Note
There was a sudden drop after Binance had burnt their coins and the price broke out, below the parallel channel. However, I will be holding my coins.

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.