Trading opportunity. ETH, BNB, NEAR, RNDR
Updated
Hi traders and investors!
I have chosen 4 assets on which to look for purchases.
The price of each asset formed a sideways trend on the daily TF and is now at the lower boundaries of these sideways (above the lower boundaries).
ETHUSDT. Current buyer vector 10-11 on the daily TF. Potential target – 3977.
On the hourly timeframe, the price has formed a sideways trend and now the buyer is attacking the upper boundary of the sideways trend. You can search for purchases:
BNBUSDT. Current buyer vector 10-11 on the daily TF. Potential target – 645.2
On the hourly time frame, the price has formed a sideways trend and now the price is near the upper boundary of the sideways pattern. You can search for purchases:
NEARUSDT. Current buyer vector 5-6 on the daily TF. Potential target – 6.89
There is a short trend on the hourly timeframe. It is advisable to look for purchases when the buyer overcomes the beginning of the last impulse of the seller 5.003, protects this level, and forms a new impulse.
RNDRUSDT. Current buyer vector 8-9 on the daily TF. Potential target – 11.88
There is a short trend on the hourly timeframe. It is advisable to look for purchases when the buyer overcomes the beginning of the last impulse of the seller 8.273, protects this level, and forms a new impulse.
I have chosen 4 assets on which to look for purchases.
The price of each asset formed a sideways trend on the daily TF and is now at the lower boundaries of these sideways (above the lower boundaries).
ETHUSDT. Current buyer vector 10-11 on the daily TF. Potential target – 3977.
On the hourly timeframe, the price has formed a sideways trend and now the buyer is attacking the upper boundary of the sideways trend. You can search for purchases:
- after the launch of a long trend on the hourly timeframe (the buyer protects the exit from the sideways trend on the hourly timeframe and the formation of a new buyer impulse)
- from protection by the buyer of the lower boundary of the sideways trend 2822 -2810.
BNBUSDT. Current buyer vector 10-11 on the daily TF. Potential target – 645.2
On the hourly time frame, the price has formed a sideways trend and now the price is near the upper boundary of the sideways pattern. You can search for purchases:
- after the launch of a long trend on the hourly timeframe (the buyer protects the exit from the sideways trend on the hourly timeframe and the formation of a new buyer impulse)
- from protection by the buyer of the lower boundary of the sideways trend 471 - 454.
NEARUSDT. Current buyer vector 5-6 on the daily TF. Potential target – 6.89
There is a short trend on the hourly timeframe. It is advisable to look for purchases when the buyer overcomes the beginning of the last impulse of the seller 5.003, protects this level, and forms a new impulse.
RNDRUSDT. Current buyer vector 8-9 on the daily TF. Potential target – 11.88
There is a short trend on the hourly timeframe. It is advisable to look for purchases when the buyer overcomes the beginning of the last impulse of the seller 8.273, protects this level, and forms a new impulse.
Note
ETHUSDT.The buyer on the hourly timeframe formed a new impulse with a base of 3054.76.
On the 5-minute timeframe, the price formed a sideways pattern and exited upward (upper limit 3151.51). I will look for an entry point for purchases.
Note
ETH and BNB grew by 13%, NEAR by 35%. Waiting to achieve goals? Close positions completely? Or partially close positions? Let's get a look.ETH
There is still approximately 14% left to reach the goal (buyers are already halfway there). The price approached the first serious resistance at $3524. Buyers are likely gaining volume to break through resistance. Whether this is a true breakdown or a false one, we will find out after the fact. If buyers defend the breakout of $3,524, then the next resistance will be $3,659.
Options:
- close 50% of the position, set the rest to breakeven
- wait for the breakout of $3524, evaluate the breakout and make a decision.
BNB
There is approximately another 8% to the goal. Buyers have overcome the resistance of $588 and are still defending this breakout.
On the hourly time frame, the price formed a sideways pattern, the price went beyond the upper limit of the sideways pattern, but so far the buyers have not been able to successfully overcome $598.7 (close the hourly candle above $598.7), which would confirm the buyer’s intention to move the price higher. If the price returns below $586.7 and the seller defends $586.7, then there is a high probability that the price will drop to $561.6 and $554.4.
Options:
- close 50% of the position, set the rest to breakeven
- wait to see what happens first and make a decision: a new impulse from the seller (close the hourly candle above $598.7), or return the price on the hourly timeframe below $586.7 and protect this level by the seller.
Note
NEARThe price has increased by 35% since the publication of the post. Buyers have covered more than 70% of the path to their target on the daily TF – $6.89. The resistance of $5.636 was overcome by the buyer and while the buyer is defending this breakout at $5.86. As long as the price is above $5.636, there is no need to worry for a long position.
On the hourly time frame, the price formed a sideways trend. The current short vector is 7-8 with a target of $6.08. $6.08 is the upper boundary of the buyer’s zone of interest (blue rectangle on the chart), which formed at the base of the 6-7 sideways vector. The lower border of the sidewall is $5.86.
You can locally search for purchases from the buyer zone ($5.86 - $6.08) or from $5.86 buyer protection. The target will be the current upper border of the sideways trend (currently 6.489)
By the way, if you look at the 2-day timeframe, the buyers’ goals are even higher – $8.52 (Potential target on the daily TF – $6.89)
Good luck with your trading!
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t.me/user_friendly_trading
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