BNB/USDT: How to analyze correctly
Updated
Hello dear crypto friends! Let's have a close look on BNB/USDT today according to technical analysis.
We're currently in a descending triangle on the 4H, which can either see a bull or bear break. When we look at the Daily chart, we can see how the picture can present itself differently. Up to the Weekly, where we can still see the huge bull move happening. Throughout the analysis, it becomes clear how important S&R zones are, and esp. which trading strategies we can apply to them.
All the details about the specific levels are inside the video, have fun watching & learning! ;)
If you had some value from my analysis, give it a thumbs-up & comment it, because the mechanism shows my analysis to other people then. Make also sure to follow me so you get notified on my Crypto Analyses! I wish you a good trading! :)
Edgy is providing online education & tools only. We are not a financial advisor, nor do we hold any formal qualifications in this area. You're trading at your own risk. No matter what you do, please set your stop loss. Please be aware, that you can lose all your money on the online exchanges.
We're currently in a descending triangle on the 4H, which can either see a bull or bear break. When we look at the Daily chart, we can see how the picture can present itself differently. Up to the Weekly, where we can still see the huge bull move happening. Throughout the analysis, it becomes clear how important S&R zones are, and esp. which trading strategies we can apply to them.
All the details about the specific levels are inside the video, have fun watching & learning! ;)
If you had some value from my analysis, give it a thumbs-up & comment it, because the mechanism shows my analysis to other people then. Make also sure to follow me so you get notified on my Crypto Analyses! I wish you a good trading! :)
Edgy is providing online education & tools only. We are not a financial advisor, nor do we hold any formal qualifications in this area. You're trading at your own risk. No matter what you do, please set your stop loss. Please be aware, that you can lose all your money on the online exchanges.
Note
Very nice bull break of the 4H EQ: 23 psychological(previous Daily range resistance) on watch for the bulls.
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