The last previous uptrends stopped just above the 2.618 & 1.618 Fibonacci extensions respectively. This indicates that we should similarly be expecting this time either 0.0035445 or 0.0049726 in extension, with 1D on a very stable uptrend (RSI = 67.793). ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. **...
Trend is still up. I might make a small nibble here and see what happens.
I initially set out to see if BNB was the next ETH. One thing led to another and I ended up doing this. The ETHBTC & BNBBTC charts overlap. The ETH/BTC and BNB/BTC charts fit so perfectly into each other's chart, that I couldn't help myself but play around. Please See as well, it is the other half of this examination. ETH Variations: 1a. Small rally to...
This is a BNB/USDT speculation. The bearish trend in BTC is still going, while there are signs of a reverse head and shoulder pattern, there is still a high change that BTC will fall because the bearish trend is strong. BTC has a lot of influance on the price of alt coins. Because there is a high change BTC will bottom again, that there is a also high change BNB...
They're still quite inverse of each other, even after both were relatively flat for awhile, volatility returned, along with it the inverse relationship of the two, so from how things still look to this day, BNB is still a good hedge to btc imho. The green line is BNBBTC The red line is BTCUSD
Taking a look at BNB here after a lot of recent news and announcements... CEO of Binance CZ got a tattoo of the BNB/Binance logo on his forearm, proceeded a pretty nice pump from the middle of a range to almost what appeared to be a breakout..... Ended up being a fakeout and resistance around 16k sats held. Looks like 14k sats may be support turned resistance...
A couple of confluent indicators!
This is my entry target for BNB. *Ignore my strategy tester below, it's set up for BTC/USD.
There is a potential H&Shoulders coming. If it crosses the red line it will happen with a 80 to 85% chance. the price could be supported at the White or blue Line. Happy Trading Put a little thumb up if you agree and don't hesitate to follow for other Digital Asset Moves.
BNB coin reached a critical level of 18700 sats after a hard bounce back from 14500. if it doesnt break here above 19000, then we are forming a bearish head and shoulders pattern that will take the coin back to support levels.