Hello ๐ it's me your RAJ ๐ professional trader โจ
This idea ๐ก
is completely my own analysis to explain situation _&_ market conditions of BINANCE coin ๐ช
How this coin valid for long term ๐ including fud & news ๐๏ธ explained clearly ๐ #DYOR
Key ๐๏ธ points ๐
๐ here previous basic analysis on
BNBUSDT clear observation chart ๐๐
๐ if highly impossible to break previous low ๐ $183.4 ๐
๐ if low was broken ๐ ๐ there was cme gap untill $35-50 so Max PPL think ๐ฌ
we will reach there ๐ it's highly impossible #IMO but if that happens I am ready with backup ๐ฐ
๐ I am not showing wyckoff theory in chart ๐๐ but I used it ๐ if any fud / bad news ๐๏ธ on
BNBUSD there will be spring bottom ๐ $160 - $120 ๐ i don't think it goes lower ๐ธ $100
๐ Don't compare this coin with $FTXUSD , binance coin will not reach $0 or below $40
๐ one most anticipated and active chain โ๏ธ with more user's ๐ช
BNBUSD binance coin ๐
๐ I belive in " CZ " and in his game ๐ฎ play โถ๏ธ more than candles and other coins ๐
If he lose , everything in market going to lose ๐ bcs he bought those top 100 coins ๐ช
๐ More points ๐ will be added in upcoming updates down ๐ this article ๐งพ follow idea ๐ก
๐ Falling widge pattern
๐ 5.5 year's trend ๐ line -> resistance will turn into support now ๐
๐ wyckoff theory ๐ 1w time frame โฐ
๐ Completing bearish ๐ป wave ๐ ( a , b , c , d & e )
๐ Oder block + high supply zone at $560 - $600
๐ so far found technical analysis #TA on BINANCE coin ๐ช
BNBUSD
Here my accumulation phase ๐ BUYING 80% LIQUID ๐ฐ + 20% backup liquid ๐ฐ
Phase 1 -> $200 - $180 ( 40% - 200/180 )
Phase 2 -> $120 - $150 ( 40% - 120/150 )
Here my distribution zone ๐ SELLING
๐ฏ :: 400
๐ฏ :: 560
๐ฏ :: 1100
๐ฏ :: 1500
Actually I am expecting even more ๐ but i will update you based on bottom ๐
โถ๏ธ TQ u for supporting ๐ follow idea ๐ก get updates everytime โฐ when I updated ๐
Note ๐
๐ keeping comments , reacting with emojis , pointing us is very easy to some people
They think ๐ฌ what they see ๐ that was knowledge ๐
We need to learn market in many ways and should get adopted with experience, TECHNICAL ANALYSIS won't help understanding market structure and understanding bull ๐ and bear ๐ป is more important
Economical conditions
Fundamentals
Technical
News
Sentiments
Checking macro to micro having good plan and build it is very important โบ๏ธ
Some Times market easily turn suddenly bear // bull ๐คฃ even we need to catch ๐ซด those movements is also very important โบ๏ธ ๐
I hope i cleared my view ๐ if any points if I miss I will add in update ๐ post
Try to understand, try to learn - try to move with flexibility with market is important
Have good day ๐
๐งต๐
This idea ๐ก
is completely my own analysis to explain situation _&_ market conditions of BINANCE coin ๐ช
How this coin valid for long term ๐ including fud & news ๐๏ธ explained clearly ๐ #DYOR
Key ๐๏ธ points ๐
๐ here previous basic analysis on
๐ if highly impossible to break previous low ๐ $183.4 ๐
๐ if low was broken ๐ ๐ there was cme gap untill $35-50 so Max PPL think ๐ฌ
we will reach there ๐ it's highly impossible #IMO but if that happens I am ready with backup ๐ฐ
๐ I am not showing wyckoff theory in chart ๐๐ but I used it ๐ if any fud / bad news ๐๏ธ on
๐ Don't compare this coin with $FTXUSD , binance coin will not reach $0 or below $40
๐ one most anticipated and active chain โ๏ธ with more user's ๐ช
๐ I belive in " CZ " and in his game ๐ฎ play โถ๏ธ more than candles and other coins ๐
If he lose , everything in market going to lose ๐ bcs he bought those top 100 coins ๐ช
๐ More points ๐ will be added in upcoming updates down ๐ this article ๐งพ follow idea ๐ก
๐ Falling widge pattern
๐ 5.5 year's trend ๐ line -> resistance will turn into support now ๐
๐ wyckoff theory ๐ 1w time frame โฐ
๐ Completing bearish ๐ป wave ๐ ( a , b , c , d & e )
๐ Oder block + high supply zone at $560 - $600
๐ so far found technical analysis #TA on BINANCE coin ๐ช
Here my accumulation phase ๐ BUYING 80% LIQUID ๐ฐ + 20% backup liquid ๐ฐ
Phase 1 -> $200 - $180 ( 40% - 200/180 )
Phase 2 -> $120 - $150 ( 40% - 120/150 )
Here my distribution zone ๐ SELLING
๐ฏ :: 400
๐ฏ :: 560
๐ฏ :: 1100
๐ฏ :: 1500
Actually I am expecting even more ๐ but i will update you based on bottom ๐
โถ๏ธ TQ u for supporting ๐ follow idea ๐ก get updates everytime โฐ when I updated ๐
Note ๐
๐ keeping comments , reacting with emojis , pointing us is very easy to some people
They think ๐ฌ what they see ๐ that was knowledge ๐
We need to learn market in many ways and should get adopted with experience, TECHNICAL ANALYSIS won't help understanding market structure and understanding bull ๐ and bear ๐ป is more important
Economical conditions
Fundamentals
Technical
News
Sentiments
Checking macro to micro having good plan and build it is very important โบ๏ธ
Some Times market easily turn suddenly bear // bull ๐คฃ even we need to catch ๐ซด those movements is also very important โบ๏ธ ๐
I hope i cleared my view ๐ if any points if I miss I will add in update ๐ post
Try to understand, try to learn - try to move with flexibility with market is important
Have good day ๐
๐งต๐
Note
Finally ๐ trend ๐ is broken ๐ comfirmed ๐ upside ๐ I will add more time of re-test / trend line ๐
Note
Target 1 ๐ฏ COMPLETED ๐It's $500 for 1
Note
๐๐ป don't forget update ๐ ๐ฅ New high ๐ฐ
$900++ loading ๐
Trade active
Wild fire ๐ฅ๐ฅ๐ฅRelated publications
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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.