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Binancesignal

Binance coin forming a double top patternBinance coin has been forming green candles on weekly time and has formed a perfect doji above its 20 ema. On the daily chart analysis, the coin is consolidating near the resistance zone and 200DMA. The coin is trading between its 20 and 200 ema on daily time frame. A clear rejection is there near the resistance zone. Coin is trading and taking support from its 200 ema on hourly time frame. Wait for a close below 315 level on the daily time frame. Good risk to reward ratio is there if the coin starts to dip. Wait and watch the price action before shorting the coin.
Short
by Mambotrade
BNBUSD Second Chance: Profit=76% SL=30% Reward/Risk > 2.5:1Second Chance Trade Setup summary: Profit targets = 76% = {TP3 = 8% + TP4 = 29% + TP5 = 39%} Stop Loss = 30% Reward/Risk > 2.5 : 1 New Trading suggestion: " It is still possible to see a temporary retracement when the price falls to the uptrend line that will support and reject the price. if so, traders can set orders based on Price Action and expect to reach short-term targets. " New Take Profits: TP3 @ 22.60 TP4 @ 26.58 TP5 @ 28.96 New TP6 Free SL= Break below 18.80 -------------------------------------------------------------------------------------------------- First Buy Current Status: Total Profit: 92% Closed trade(s): 50% Profit Open trade(s): 42% Profit Trade Setup: We opened 5 BUY trade(s) @ 17.71000 based on 'previous Forecast' at 2020.07.21 : Closed Profit: TP1 @ 18.80 touched at 2020.07.23 with 6% Profit. TP2 @ 20.80 touched at 2020.07.26 with 17% Profit. TP3 @ 22.60 touched at 2020.07.27 with 27% Profit. 6% + 17% + 27% = 50% Open Profit: Open trade is 21.40000 (current price) - 17.71000 (open price) = 21% 2 trade(s) still open, therefore total profit for open trade(s) is 21% x 2 = 42% Technical analysis: . BNBUSD is in an uptrend and the continuation of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 44. ❤️ 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 trader? Now, It's your turn! Be sure to leave a comment let us know how do you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
BINANCE:BNBUSDLong
by ForecastCity_ME
5
There is a trading opportunity to buy in BNBUSDMidterm forecast: . While the price is above the support 15.015, resumption of uptrend is expected. . We make sure when the resistance at 18.880 breaks. . If the support at 15.015 is broken, the short-term forecast -resumption of uptrend- will be invalid. Technical analysis: . The RSI downtrend #1 is broken, so the probability of resumption of uptrend is increased. . While the RSI uptrend #2 is not broken, bullish wave in price would continue. . A trough is formed in daily chart at 16.500 on 07/16/2020, so more gains maximum to Major Resistance (18.880) is expected. . Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses. . Relative strength index (RSI) is 59. Trade Setup: We opened 5 BUY trade(s) @ 17.713 based on 'Valley' entry method at 2020.07.21. Take Profits: TP1= 18.880 TP2= 20.800 TP3= 22.600 TP4= 26.580 TP5= Free ❤️ 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 trader ? Now, It's your turn ! Be sure to leave a comment let us know how do you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
BINANCE:BNBUSDLong
by ForecastCity_ME
8