BNB next 24 - 11/30
Daily: last 3 corrections touched 55EMA
26th Nov red engulfing candle on high volume followed by 3 green with comparatively smally body and volume below average, indicating healthy fall and recovery
12h: local uptrend - orange slanted line and ascending triangle
6h: price consolidating; last major fall on 18th supported by 200EMA
4h: price doesn't fall below 200EMA during last 2 weeks
2h: last 2 red candles on above average vol. pointing downward price direction
1h: loose of price strength according to RSI and MACD; anomaly after price drop indicating local trend reversal
45m - continous move down supported by volume, no anomalies
30m - drop in price look too big, forming support with stopping volume
15m - local double bottom on RSI, support of 200EMA
5m - double bottom more visible and MACD going up from below
IDEA: quick sklap on Long
Entry 617, TP 628, SL 612
26th Nov red engulfing candle on high volume followed by 3 green with comparatively smally body and volume below average, indicating healthy fall and recovery
12h: local uptrend - orange slanted line and ascending triangle
6h: price consolidating; last major fall on 18th supported by 200EMA
4h: price doesn't fall below 200EMA during last 2 weeks
2h: last 2 red candles on above average vol. pointing downward price direction
1h: loose of price strength according to RSI and MACD; anomaly after price drop indicating local trend reversal
45m - continous move down supported by volume, no anomalies
30m - drop in price look too big, forming support with stopping volume
15m - local double bottom on RSI, support of 200EMA
5m - double bottom more visible and MACD going up from below
IDEA: quick sklap on Long
Entry 617, TP 628, SL 612
Trade closed manually
Price didn't fall below 617.5 and entry didn't activated.
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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.