Jimmy_Rebello

Jimmy_Rebello

bnb breaking out of the wedge pattern let see if it sustain the hourly candle will take trade based on breakout and retesting 405.65 level and cross checking it whether it gives wick rejection 20 ema the target will be followed based on ema trend following system

Jimmy_Rebello

155 is good support area with good risk to reward going long target based on fib retracement target based on fib retracement of 0.5-0.6 buying based on demand zone

Jimmy_Rebello

this pattern might turn bearish if it breaks the green arrow neckline 1st support 175 and next s2 > 168 though the trade activates only neck line could not sustain

Jimmy_Rebello

changed in stop loss moved up after the head and shoulder did not give us the breakout and i tweaked the stop loss to 169 to avoid the sudden major fall

Jimmy_Rebello

on daily time frame it looks like forming evening star (bearish) it can come down to 161-160 as a mean reversion of 9 ema. 4h time frame it indicates higher high, higher lows pitchfork and fib speed resistance fan shows confluence levels at 172-160 140 could be the last major support after this level it can go sideways or bearish 240 might be possible based on...

Jimmy_Rebello

ada looks better are coming above our levels, stop entry above 2.634 and sl of 2.523 and target of 2.800. this trade will be active only ada breaks above 2.634

Jimmy_Rebello

soalno after another recent high of 216 it may take a exhaustion pullback. 182-188-190s levels can be seen buying happening with fair risk to reward

Jimmy_Rebello

price seems to be making wicks on lower time frame on 0.5 fib levels 150 and 130 roundoff support areas if it breaks down will update after other structure formation do let me know if you need any other coins update and analysis happy trading.......