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1X Short BNB Token1X Short BNB Token1X Short BNB Token
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1X Short BNB Token

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BNBHEDGEUSD trade ideas

BNB fails to rally further, dips once down the lineLast week, Binance managed to hit the $400 and started surging from there, doing exceptionally well. It even hit $425 in this due course. However, the bulls did not rally past this point and the price started falling the other side. The last few days, the price moved only at $398 and below. However, today it again resumed to the $400 mark with a bullish candle in hand. But currently, the price again tripped into its previous range. The trend angle shows a -6% difference from between the current price and nearest high that strikes at $422.19. Currently the movement is bearish and may dip in the coming hours near $395 shortly. Supporting this, RSI is falling, seen at 52.7 with a buy signal indicator. Resistance level seen at $ 398.88 Support level strikes at $386.31
BINANCE:BNBUSD
by COINPEDIA
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
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