Binance Coin USDT - Daily Chart - 2 Long scenarios
Updated
Planning to buy BNB if either or both of the following scenarios should develop:
Scenario 1 (orange arrow):
1. Price generates a new shortterm High
2. Buy at the blue trendline
Scenario 2 (blue arrow):
1. Price falls below blue trendline
2. Reclaims blue trendline
3. Buy at retest of trendline
Same target for both:
A daily Resistance level close to the 61 Fib Level
Scenario 1 (orange arrow):
1. Price generates a new shortterm High
2. Buy at the blue trendline
Scenario 2 (blue arrow):
1. Price falls below blue trendline
2. Reclaims blue trendline
3. Buy at retest of trendline
Same target for both:
A daily Resistance level close to the 61 Fib Level
Note
None of the two scenarios developed - no trade
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