BNBUSDT Price, time & divergences.
Updated
As a update about my current bear position on CZ coin as you can see by the link below.
The price action is heading one leg downward to complete a wave 5 of a contracting ending diagonal, according to the Wave Principle. That seams a breakdown can be expected to the local demand, as we can see clearly on this chart. After broken, the trendline tends to be retested. All my projections are displayed.
Technicals:
* Chaikin Money + 100EMAx100MA cross;
* ESCGO_LB;
This H4 chart is showing a lot of correlations about price, time and divergences on Chaikin Money Flow in in conjunction of 100EMA & 100MA moving averages crossover plus regular and hidden divergences, which is my system I've used to finding turn-points. If in parallel with RSI, is possible to note a lot of divergences that only Chaikin oscillator can display.
* In addition, an ABCD reciprocal (0.886:1.128) projection as an alternative projection.
The price action is heading one leg downward to complete a wave 5 of a contracting ending diagonal, according to the Wave Principle. That seams a breakdown can be expected to the local demand, as we can see clearly on this chart. After broken, the trendline tends to be retested. All my projections are displayed.
Technicals:
* Chaikin Money + 100EMAx100MA cross;
* ESCGO_LB;
This H4 chart is showing a lot of correlations about price, time and divergences on Chaikin Money Flow in in conjunction of 100EMA & 100MA moving averages crossover plus regular and hidden divergences, which is my system I've used to finding turn-points. If in parallel with RSI, is possible to note a lot of divergences that only Chaikin oscillator can display.
* In addition, an ABCD reciprocal (0.886:1.128) projection as an alternative projection.
Trade active
The grey area is a non-tradable-zone and tends to be a new equilibrium area, in which the price action can be ranging. This is a case to be avoid of non-profitable day trading.Note
Trade active
I will stop with posts. People don't like.Trade active
Note
BNBUSDT is about to complete the final swing-downward of an contracting ending diagonal to enter in final phase of the actual correction, according to my wave count.Trade active
Note
Trade active
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