BNB has completed 5 waves (look at BTC hourly, it’s much clearer) and now seems to be forming a double bottom. MFI is also showing “strong buy”.
I placed my long entry at 400, tp 417 and sl at 391.7 (R/R 2), a little bit below the recent Low.
I placed my long entry at 400, tp 417 and sl at 391.7 (R/R 2), a little bit below the recent Low.
Note
It has gone sideway for a while and looks like it’s in Wyckoff accumulation phase. I closed my long position at 406 and am staying out watching, may enter again at 400 or 393.
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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.