BNB Monthly on the final Breakout attempt - Possible new ATH
A major level on monthly for BNB battle. If it breaks this level, I trust we will approach a new ATH.
I keep holding BNB and eyeing 50 as new ATH and extension to double it between 85-100.
I keep holding BNB and eyeing 50 as new ATH and extension to double it between 85-100.
Comment:
BNB got rejected and triggers my profit SL=28.7. I am now seeking to rebuild BNB position if it pulls back to the 20-weeks average (at 24.4). Failure to hold and maintain above 50-weeks EMA, will be a sign of the end of the bullish rally and we must pull out.
... Only break above 32-32 zone will resume the uptrend towards new ATH.
Comment:
BNB resuming uptrend after finding 20-week support, avg re-buys near 28, targetting a breakout of 32 and retest of ATH.
Comment:
Things are becoming a bit unclearer as doubts on further rise increase. Current daily points to 8.5 months old trend for BNB with final triangular consolidation. It should break upward. However, there are some weaknesses as the double top appears apparent on the daily chart. In this case, a stop-loss below the triangular wedge is the main risk management.
Comment:
Our weekly time-frame chart:
Comment:
BNB is approaching a "BEARISH CHECKMATE" pattern if this month fails to break higher.
www.thinkmarkets.com...ns_Trading_Guide.pdf
If 25 breaks, we are done and BNB is mate to target 14.
www.thinkmarkets.com...ns_Trading_Guide.pdf
If 25 breaks, we are done and BNB is mate to target 14.
Comment:
Congrats, BNB breaks higher and prints a new ATH:
DOT stands in top 10 now and this could be interesting for 2-3 weeks. Long on it assuming it won't break below Fib0.618=5.32 in general for the following weeks. Extension Fib1.618=7.85, Fib2.618=10.9 as a bonus.
DOT stands in top 10 now and this could be interesting for 2-3 weeks. Long on it assuming it won't break below Fib0.618=5.32 in general for the following weeks. Extension Fib1.618=7.85, Fib2.618=10.9 as a bonus.
Comment:
Third consecutive green month for BNB and this should bring us to 50+
Comment:
Slowly and steadily - BNB is preparing for a surge:
Comment:
BNB's new ATH and breaks 50
Comment:
Booking profits here as BNB is @channel top, break outside the channel could extend this rally to 85-100 whereas the channel top rejection will award another buy near 45-50.
Trade closed: target reached:
Excellent profit and extension of BNB. I am out n not over trading.