Hi everyone,
Another analysis for BNB. The previous one worked well, could sell a decent amount above 35 USDT. Now we are seeing a retracement, which I think may find support around the 618 Fibonacci level, which also is near a trend support line for this pair.
The price went above the red cloud and now will probably find support on the green one. However, I am expecting, or waiting, for the MACD to show a curve like the one I draw in white, and some weakness of bears from its histogram.
Buy entry: 31.65
TP 1: 34.35
TP 2: 36
TP 2: 38
SL: 29.46
*Not financial advise, just sharing my ideas :)
Feel free to give your feedback/opinion. Thanks for reading!
Another analysis for BNB. The previous one worked well, could sell a decent amount above 35 USDT. Now we are seeing a retracement, which I think may find support around the 618 Fibonacci level, which also is near a trend support line for this pair.
The price went above the red cloud and now will probably find support on the green one. However, I am expecting, or waiting, for the MACD to show a curve like the one I draw in white, and some weakness of bears from its histogram.
Buy entry: 31.65
TP 1: 34.35
TP 2: 36
TP 2: 38
SL: 29.46
*Not financial advise, just sharing my ideas :)
Feel free to give your feedback/opinion. Thanks for reading!
Note
Please excuse the typing error. TP3 : 38Trade active
Note
TP 1 HITNote
TP 2 HITTrade closed: target reached
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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.
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.