BNB/USDT Prediction Analysis Good Morning to all respected Investors and Traders,
I made a simple analysis for BNB/USDT
After a long run, there is always a health correction..
BUY THE DIP !!
Happy trading y'all !!
Good Luck!!
Critiques and comments are super appreciated..
PS: this not financial advisor or even education. PLEASE DYOR!!
BNB
💡 Don't miss the great buy opportunity in IOTABNBTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.0072). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. IOTA / Binance Coin IOTABNB is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 50.
Take Profits:
TP1= @ 0.0118
TP2= @ 0.0148
TP3= @ 0.0180
TP4= @ 0.0222
TP5= @ 0.0272
TP6= @ 0.0326
SL= Break below S2
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💡 Don't miss the great buy opportunity in Binance Coin/USDTTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (121.5). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. Binance Coin / USDT BNBUSDT is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 55.
Take Profits:
TP1= @ 135.65
TP2= @ 148.15
TP3= @ 157.75
TP4= @ 167.50
TP5= @ 200.00
SL= Break below S2
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💡 Don't miss the great buy opportunity in Binance Coin/BitcoinTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.00124). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. Binance Coin/Bitcoin BNBBTC is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 65.
Take Profits:
TP1= @ 0.001510
TP2= @ 0.001670
TP3= @ 0.001890
TP4= @ 0.002185
TP5= @ 0.002472
TP6= @ 0.002774
TP7= @ 0.003300
TP8= @ 0.004005
TP9= @ 0.004815
SL= Break below S2
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💡 Don't miss the great buy opportunity in Binance Coin/USDTTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (46.48). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. Binance Coin/USDT BNBUSDT is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 65.
Take Profits:
TP1= @ 49.70
TP2= @ 52.00
TP3= @ 53.63
TP4= @ 56.00
TP5= @ 58.20
TP6= @ 63.00
SL= Break below S2
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💡 Don't miss the great buy opportunity in Binance Coin/BitcoinTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.001273). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. Binance Coin/Bitcoin BNBBTC is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 34.
Take Profits:
TP1= @ 0.0014330
TP2= @ 0.0016390
TP3= @ 0.0018700
TP4= @ 0.0021850
TP5= @ 0.0024720
TP6= @ 0.0027740
TP7= @ 0.0033000
TP8= @ 0.0040050
TP9= @ 0.0048150
SL= Break below S2
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💡 Don't miss the great buy opportunity in Binance Coin/EthereumTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.05028). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. Binance Coin/Ethereum BNBETH is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 52.
Take Profits:
TP1= @ 0.058520
TP2= @ 0.068560
TP3= @ 0.082360
TP4= @ 0.096990
TP5= @ 0.116030
SL= Break below S2
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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.
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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
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Trade well, ❤️
ForecastCity English Support Team ❤️