Binance (BNB): Breaking 100EMA And Re-Testing It.Binance coin is looking great with the smaller dumps it has been having, which led to the 100 EMA breakdown.
We are looking here at current re-test to 100EMA which seems to us to be weak, but we are looking for a potential further movement to the lower zone.
Swallow Team
100ema-cross
Binance Coin(BNB): Dumping While Market is Pushing? 👀 The BNB/USDT pair on the daily chart shows a failed attempt to push higher, indicating a potential reversal. The market seems to be reacting to news about Binance's founder, which could be influencing trader sentiment. The Price is now staying below 100EMA, showing us the strong overweight of bearishness (thanks to that failed attempt to push)
The path ahead for BNB may be choppy, with potential downward movements, but we need to have strong support from where we could see some sort of bounce (or some kind of positive news that could push prices out of this downward movement).
BNBUSDT Price, time & divergences.As a update about my current bear position on CZ coin as you can see by the link below.
The price action is heading one leg downward to complete a wave 5 of a contracting ending diagonal, according to the Wave Principle. That seams a breakdown can be expected to the local demand, as we can see clearly on this chart. After broken, the trendline tends to be retested. All my projections are displayed.
Technicals:
* Chaikin Money + 100EMAx100MA cross;
* ESCGO_LB;
This H4 chart is showing a lot of correlations about price, time and divergences on Chaikin Money Flow in in conjunction of 100EMA & 100MA moving averages crossover plus regular and hidden divergences, which is my system I've used to finding turn-points. If in parallel with RSI, is possible to note a lot of divergences that only Chaikin oscillator can display.
* In addition, an ABCD reciprocal (0.886:1.128) projection as an alternative projection.
ADABTC Not looking so good 🐻 📉 🐻Hi everyone 👋🏽
🕊 Wish y'all have a profitable lifestyle 🍀
📌 ADABTC- Weekly Time Frame - Candlestick
📌 Price Action - Fibo - RSI Divergence
📍ADABTC 's chart is not looking very good in every time frame from weekly to 2H. It is completely bearish in every aspect
📍 Price may have already finished its 5th cycle in the white horizontal line and it may see the 0.38% fibo , 0.5% and 0.618% which is the most important one.
✍🏼 A very powerful hidden divergence RSI is very visible to see in the weekly time frame which has already taken the price down
⚠️ HOWEVER, you should not consider this TA as a bearish sign for the ADAUSDT pair itself because it is based on ADABTC pair, and it has 3 meanings:
1- ADA 's price is dumping faster than BTC 's price (Both are going down together, but ADA faster🐻)
2- ADA is not growing as fast as BTC (Both are going up, but BTC faster 🦬)
3- ADA is dumping and BTC is pumping (ADA is going down and BTC is going up)
✍🏼 From EMA point of view, in weekly time frame price has broken 50 EMA and is going as fast as possible to hit the 100 EMA, which is overlap with 0.38% fibo level
✍🏼 In daily time frame a negative cross may occur between 200 and 100 EMA and can be a bearish signal for long term
THIS IS NOT A FINANCIAL ADVICE
PLEASE DO YOUR OWN RESEARCH BEFORE TAKING ANY SELL OR BUY POSITION
GOOD LUCK
NP TRADER
BTC Arriving towards the end of the wedge possible breakout soonBTC is arriving towards the end of this small wedge, a possible breakout may happen within a week but it might be a bearish breakout given the look of things. Especially since the 100EMA seems like it will cross under the 200EMA in a couple of days.