Binance Coin vs Bitcoin | Multiple Timeframes
Let's get straight to it and start by looking at the daily timeframe for Binance Coin vs Bitcoin, this is the main chart above.
Remember that charts are always changing, so a bullish chart today can become bearish tomorrow... Always have a plan before you decide to trade... Let's continue!
Here we have the weekly chart for Binance Coin (BNBBTC)
After a new low was hit, BNBBTC bounced and prices are currently trading above EMA100, weekly candle closes today for signal confirmation.
Resistance is now being met at EMA10 (0.0020477), this is a very important level.
Additional information can be found on the chart.
Thanks a lot for reading.
Namaste.
- Here we can see a strong reversal candle (circled in light blue) and also a cup pattern, this can result in mainly two scenarios...
- BNBBTC goes straight up if prices can conquer EMA50 (0.002309) today.
- Prices can also print a small drop before moving up, this would complete the classic cup & handle pattern.
Remember that charts are always changing, so a bullish chart today can become bearish tomorrow... Always have a plan before you decide to trade... Let's continue!
Here we have the weekly chart for Binance Coin (BNBBTC)
After a new low was hit, BNBBTC bounced and prices are currently trading above EMA100, weekly candle closes today for signal confirmation.
Resistance is now being met at EMA10 (0.0020477), this is a very important level.
- Conquering EMA10 can lead to a 55% jump, easily.
- But if prices for BNBBTC retrace and close below EMA100 (0.0019604), we will test the lower support (red arrow).
Additional information can be found on the chart.
Thanks a lot for reading.
Namaste.
🔝 Daily Cryptocurrency Technical Analysis
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🔥 PREMIUM Trade-Numbers (6-In-1 Offer Now Live!)
lamatrades.com (Since 2017)
🚨 Free PREMIUM Trade-Numbers
alansantanatrades.com
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