BNBBTC trade ideas
BNBBTCHello Crypto Lovers,
Mars Signals team wishes you high profits.
This is a one-day-time frame analysis for BNBBTC
In the current chart, we have R1 as the resistance line that represents that the price was not able to rise at some points. S2 used to be a resistance area and S1 is the support line which expresses the support of the price at several points since the past. Presently, we have the price fluctuating over S1 and we believe it will fall to this line. Then here we should wait for some confirmation candles to rise and then we expect a rise to R1 besides considering the long position activated. In case the price loses the support at S1, more decline is expected for the price.
Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.
Wish you luck
💡Don't miss the great buy opportunity in BNBBTC @binanceTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (0.01353).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. BNBBTC is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 64.
Take Profits:
TP1= @ 0.01418
TP2= @ 0.01472
TP3= @ 0.01529
TP4= @ 0.01690
TP5= @ 0.01954
SL= Break below S2
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💡Don't miss the great buy opportunity in BNBBTC @binanceTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (0.01353).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. BNBBTC is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 63.
Take Profits:
TP1= @ 0.01418
TP2= @ 0.01472
TP3= @ 0.01529
TP4= @ 0.01690
TP5= @ 0.01954
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex / Crypto trader ?
Now, It's your turn !
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
BNB / BTC on 1H Interval - Targets and StoplossHello everyone, let's take a look at the 1H BNB to BTC chart as you can see the price is moving below the local downtrend line.
Let's start by setting goals for the near future that we can consider:
T1 - 0.013315
T2 - 0.013371
T3 - 0.013422
T4 - 0.013469
T5 - 0.013538
and
T6 - 0.013627
Now let's move on to the stop loss in case of further market declines:
SL1 - 0.013237
SL2 - 0.013177
SL3 - 0.013135
SL4 - 0.013087
and
SL5 - 0.013021
Looking at the CHOP indicator, we can see that in the 1H range we have a lot of energy and the MACD indicator shows a local upward trend.