Binance Coin USDT - Daily Chart - 2 Long scenarios
Planning to buy BNB if either or both of the following scenarios should develop:
Scenario 1 (orange arrow):
1. Price generates a new shortterm High
2. Buy at the blue trendline
Scenario 2 (blue arrow):
1. Price falls below blue trendline
2. Reclaims blue trendline
3. Buy at retest of trendline
Same target for both:
A daily Resistance level close to the 61 Fib Level
Scenario 1 (orange arrow):
1. Price generates a new shortterm High
2. Buy at the blue trendline
Scenario 2 (blue arrow):
1. Price falls below blue trendline
2. Reclaims blue trendline
3. Buy at retest of trendline
Same target for both:
A daily Resistance level close to the 61 Fib Level
Note
None of the two scenarios developed - no trade
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.