TICKER CODE: BNBUSD
(UPDATE AS OF 18 May 2021)
Company Name: Binance
Industry: Crypto Currency / Blockchain
Technical Analysis
1. Falling Wedge Forming (Expect the market to squeeze down during this pullback
phase to reach Fibonacci Retracement at 0.618 / 0.786
2. Repeated Trend Pattern
3. HIGHER LOWS TRENDLINE sitting on the 0.618 Fibonacci Level
4. Area of confluence at Fib 0.618 level
Should the market break and close below the trendline we might be looking at a change of
trend direction
Entry: NOT READY (350.00-400.00)
1st Partial Take Profit: 860.00
2nd Partial Take Profit: 1150 (I would consider cashing out around 80-90% of initial investment here)
(UPDATE AS OF 18 May 2021)
Company Name: Binance
Industry: Crypto Currency / Blockchain
Technical Analysis
1. Falling Wedge Forming (Expect the market to squeeze down during this pullback
phase to reach Fibonacci Retracement at 0.618 / 0.786
2. Repeated Trend Pattern
3. HIGHER LOWS TRENDLINE sitting on the 0.618 Fibonacci Level
4. Area of confluence at Fib 0.618 level
Should the market break and close below the trendline we might be looking at a change of
trend direction
Entry: NOT READY (350.00-400.00)
1st Partial Take Profit: 860.00
2nd Partial Take Profit: 1150 (I would consider cashing out around 80-90% of initial investment here)
Trade active
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.
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.