HEADLINE: Bullish Market Structure and Awaiting Confirmation of a Long
TICKER: BNBUSDT
SUMMARY: Looking for a long signal to be confirmed on Binance Coin on the 1 hour.
STRATEGY USED: Silver Scalper
Trend Confirmation = Range MA
Entry Signal = Bull/Bear Power
Exit Signal = Bull/Bear Power OR Range MA
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DESCRIPTION:
1. Range MA is showing a bullish uptrend (Green bar color) on the 1h. This trend can be further confirmed by the bullish market structure as noted on the chart by higher swing lows and new swing highs.
2. We are looking for bull signals from Bull/Bear to confirm a long signal.
3. We are currently waiting on a Bull signal to be confirmed at the close of the current 1h candle.
4. Upon confirmation, our Silver Scalper strategy would be giving a long signal.
5. The exit signals for the strategy are either a Bear signal or a change of trend as indicated by Range MA.
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NOTE: We conduct market analysis on a daily basis from a trend trading perspective using our own in house built tools. If you like any of the content we provide please leave a like and a follow to show your appreciation.
TICKER: BNBUSDT
SUMMARY: Looking for a long signal to be confirmed on Binance Coin on the 1 hour.
STRATEGY USED: Silver Scalper
Trend Confirmation = Range MA
Entry Signal = Bull/Bear Power
Exit Signal = Bull/Bear Power OR Range MA
---
DESCRIPTION:
1. Range MA is showing a bullish uptrend (Green bar color) on the 1h. This trend can be further confirmed by the bullish market structure as noted on the chart by higher swing lows and new swing highs.
2. We are looking for bull signals from Bull/Bear to confirm a long signal.
3. We are currently waiting on a Bull signal to be confirmed at the close of the current 1h candle.
4. Upon confirmation, our Silver Scalper strategy would be giving a long signal.
5. The exit signals for the strategy are either a Bear signal or a change of trend as indicated by Range MA.
---
NOTE: We conduct market analysis on a daily basis from a trend trading perspective using our own in house built tools. If you like any of the content we provide please leave a like and a follow to show your appreciation.
Note
Long entry signal closed true "Bull"
Trade closed: target reached
Well for all the risk we encountered on this one it sure didn't have a good R:R but at least we are closing in green which is more than I can say for a lot of other setups we saw on large-cap crypto's yesterday after that down move.
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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.