BNBUSDT trade ideas
BNBUSDTBNB have strong support now heading towards 3rd resistance which is 60$ so buy bnb and hodl for 3/4 months you'll se new ATH soon. ;)
chart says everything.. keep supporting
James
BNBUSDT short setup. similar to LTCUSDTBNBUSDT short setup bearish rectrangle similar to LTCUSDT let see which one works out.
#BNBUSDT Price analysisso here's what i think where it can go! just tell me if i'm wrong or where ever i'm wrong! so i can improve by analysing in future.
A trading opportunity to buy in BNBUSDTTechnical analysis:
. BINANCECOIN/TETHERDOLLAR 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 38.
. While the RSI and the price downtrend in the Daily chart are not broken, bearish wave in price would continue .
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (11.84 to 10.23). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (11.84)
Ending of entry zone (10.23)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
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