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BNB, In A ADEQUATE FLAG-FORMATION, How It Completes!Hello, Welcome to this analysis about Binance-Coin (BNB) and the daily timeframe perspectives. As already mentioned previously the cryptocurrency market divergence keeps increasing and there are coins within this market that show up with bullish formations while there are others that show highly bearish signs. These divergences and differences are highly important to realize and to distinguish to properly assess the market from the right determinations and come up with appropriate actions to rightly move into the market at the proper times and also setups, in this case, I discovered an important formation forming with BNB that has some great potentials when it completes within the upcoming times, therefore I detected the pivotal formational structures and upcoming determinations we need to consider. As when looking at my chart now we can watch there the main structure BNB is now about to form, as we can watch BNB bounced within the 65-EMA in red and the 30-EMA in green and from there on continued to form a central formation in this whole structure. This formation is an initial descending-channel-formation with a coherent wave-count within the formation and the waves A to C are almost already completed. Now as BNB bounced within the lower-boundary-support also matching with the EMAs this is a greatly considerable origin for a right breakout above the upper-boundary which will finalize the whole descending-channel as a bull-flag-formation to the upside with the upcoming activation of bullishness and appointing of the target-zones. Taking all these factors into the consideration now it will be determining on how BNB finalizes this whole formation and how it continues to move on further after that. This whole formation will be completed as it is marked in my chart with BNB breaking out above the upper-boundary of the descending-channel-formation. This breakout will show the proper continuations and appointing of the target-zone, when the target-zone has been reached the situation needs to be elevated again. Remember that not every coin is forming such a great formational development, BNB is currently one that is forming such a good formation, in other cases, it looks different. For now, we will see how this formation completes to come up with further conclusions, it will be an interesting development ahead. In this manner, thank you for watching the analysis, it will be great when you support it with a like, follow and comment for more upcoming market analysis, all the best! "Good fortune is when opportunity meets preparation." Information provided is only educational and should not be used to take action in the markets.
by VincePrince
3
MSTR and COIN: What Will Monday Look Like?Hello friends, today you can review the technical analysis on the 1D chart for Microstrategy (MSTR) and Coinbase (COIN). 1) Coinbase and Microstrategy are both public companies that are intertwined in the cryptocurrency markets. 2) With the sizable drop in the crypto markets, the price of Coinbase and Microstrategy will be affected when the market opens. 3) CryptoPickk shows a possible price target for where the price may go to for both Coinbase and Microstrategy. 4) A Trend-based Fibonacci Retracement is shown for both stocks. 5) Coinbase price may be supported around the 0.382 fib level around $200-$205. 6) Microstrategy price may be supported around the 0.382-0.236 fib level around $450-$500. 7) As traders know, it is very hard to catch a falling price so just be careful when buying the dip. 8) Both stocks price target ranges are shown in a yellow color rectangular box. It's not the time to get completely negative on the markets, but it is a time to start thinking about what to do next. Be cautious. What are your opinions on this? If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below. Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #cryptopickk
NASDAQ:MSTR
by MillionaireEconomics
Bearish Looking COINBASE May Have An Impact On The Crypto MarketHello traders and investors! Today we will talk about COINBASE, its price action from technical point of view and wave structure from Elliott Wave perspective. When COINBASE was listed back in April, we have seen a massive decline by five waves, which in Elliott Wave theory suggest first leg "a". At the same time, Crypto market was also down. Well, from May lows COINBASE made a three-wave (a)-(b)-(c) corrective rally in wave "b" right into golden 61,8% Fibonacci retracement, where we also see a nice resistance from previous wave (ii) swing high. As you can see, COINBASE is now sharply down again, which indicates that wave "b" is completed and wave "c" underway which can send the price back to May lows. If we consider that COINBASE is a Crypto exchange and that is quite nicely correlated with Crypto market, then we will have to be very careful with Cryptos in December, so watch out for a sell-off at the end of the year. Be humble and trade smart! If you like what we do, then please like and share our idea. Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
NASDAQ:COINShort
by ew-forecast
4
Jasmy Coin Update! Inside a larger Triangle. Could be til Dec. 8Quick update for those of you asking: Yes, Jasmy did break up and out of the first triangle/channel. You will notice this price action on the 4 hour chart here in correlation with our RSI. Some were expecting a bigger movement. Keep in mind though that not only is crypto in an overall short-term drawback phase of sorts, but also, the broader market sentiment is spilling over into our crypto markets. That being said, the 4 hr. chart shows us that we could actually go all the way to December the 8th before moving outside of this second triangle. Patience is key here. I have outlined the potential price movement should we remain in the triangle till around the Dec. 6-8th time frame. Keep in mind, we still could also drop from here. Be careful in this market. Have your stops set. Best of luck traders! - Stew
COINBASE:JASMYUSDLong
by stewdamus
20