BNBUSDT hitting the suppor of falling wedge | 13% expectedPriceline of BNB / Tether US is moving within a falling wedge and now hitting the support of wedge and bollinger bands.
This falling wedge support should be stop loss in case of complete candle stick closes below this support.
MACD is strong bearish and stochastic is oversold but did not give bull cross so we can wait for bull signal from stochastic or from MACD then buy.
I have used Fibonacci sequence to set the targets:
Sell between: 17.7323 to 21.4094
Regards,
Atif Akbar (moon333)
Binancecointetherdollar
BNB has formed a bullish BAT | Another good long opportunityThe priceline of Binance Coin / TetherUS has formed a bullish BAT pattern and entered in potential reversal zone.
We have 100 simple moving average support in PRZ area which will help the price action to take the bullish divergence insha Allah.
Volume profile showing weak interest of traders.
Stochastic RSI is oversold and giving bull cross.
Bollinger bands is expanded and candle sticks are hitting the lower band.
I have used the Fibonacci sequence to set the targets and the targets are as below:
Buy between: 28.6180 to 28.0750
Sell between: 29.0397 to 30.0599
Regards,
Atif Akbar (moon333)
BNBUSDT has formed bullish gartleyPriceline of Binance Coin / TetherUS has formed a gartley pattern and entered in potential reversal zone.
From here the price action can hit the sell targets soon insha Allah.
I have used Fibonacci sequence to set the targets and the targets are:
Buy between: 27.3584 to 25.9468
Sell between: 28.4769 to 31.1526
Regards,
Atif Akbar (moon333)
BNB. A global triangle!In the previous idea of the BNB, I forecasted 2 scenarios of the price movement. One of them was a scenario that buyers would not be able to keep the price zone 12-12.4 and the price would fall to $ 9. It was from $ 9 that I expected growth. The price was replaced by a noticeable and this scenario was possible. This script worked out. What conclusions can be made after the fall of the BNB to $ 9:
1) We are in the global triangle. The lower trending line of the triangle is the lower trend line of the channel in which the BNB moves, and the Upper trending line of the triangle is carried out through the highs of the coin (25.18 and 17.2.).
2) The price zone 9-9.4 $ is an important price zone. Apart from the fact that there is a good volume to stop the price, a trend line is passing through this zone and if buyers do not keep this zone - the BNB's downfall will continue rapidly.
3) In order for this coin to continue a strong upward movement, buyers must first turn the price zone to 12-12.4 $. The breakdown of $ 14-14.7 will indicate great prospects for the BNB growth (this is the last liquidity zone of the BNB, and there is a trend line of the triangle.)
If you deselect the price range breakout option of 9-9.4 $, I see two scenarios of the price movement:
1) consolidation until the end of November 2018, after which the growth will begin to $ 22
2) During this growth, buyers will beat 12-12.4 and 14-14.7 $ and the price will fly up to 22 $.
A trading opportunity to buy in BNBUSDTTechnical analysis:
. BINANCECOIN/TETHERDOLLAR is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 38.
. While the RSI and the price downtrend in the Daily chart are not broken, bearish wave in price would continue .
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (11.84 to 10.23). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (11.84)
Ending of entry zone (10.23)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 13.05
TP2= @ 13.79
TP3= @ 15.37
TP4= @ 17.30
TP5= @ 23.16
TP6= Free
A trading opportunity to buy in BNBUSDTTechnical analysis:
. BINANCECOIN/TETHERDOLLAR is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 38.
. While the RSI and the price downtrend in the Daily chart are not broken, bearish wave in price would continue .
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (11.84 to 10.23). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (11.84)
Ending of entry zone (10.23)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 13.05
TP2= @ 13.79
TP3= @ 15.37
TP4= @ 17.30
TP5= @ 23.16
TP6= Free