BNB Project 2019, P01, E01 - In a channel
Updated
1st BNB analysis
As per the 4 HRLY and Daily Chart, the following observations.
Conclusion:
Go long on BNB, based on BTC pairing results
Buy at the dips within the BTC pairing chart.
DAILY Chart:
The rise of BNB has been impressive.
It seems to be in a large ascending triangle (channel) and within this, in the upper part.
BNB\BTC Pairing Chart:
> Given that BTC is on a uptrend, ALTs will do less against BTC as per BNBBTC pairing chart;
> The EMA ribbon indicates we have a strong resistance to pass which equates also to BTC dDominance increasing (forecasted);
> Blue region is the target after the break out;
4 HRLY Chart:
> Note the RSI levels and direction for the short term;
> After a significant increase, BNB has dropped back into the bull channel where it will accumulate before increase in price;
BTC Dominance results + forecast chart:
As per the 4 HRLY and Daily Chart, the following observations.
Conclusion:
Go long on BNB, based on BTC pairing results
Buy at the dips within the BTC pairing chart.
DAILY Chart:
The rise of BNB has been impressive.
It seems to be in a large ascending triangle (channel) and within this, in the upper part.
BNB\BTC Pairing Chart:
> Given that BTC is on a uptrend, ALTs will do less against BTC as per BNBBTC pairing chart;
> The EMA ribbon indicates we have a strong resistance to pass which equates also to BTC dDominance increasing (forecasted);
> Blue region is the target after the break out;
4 HRLY Chart:
> Note the RSI levels and direction for the short term;
> After a significant increase, BNB has dropped back into the bull channel where it will accumulate before increase in price;
BTC Dominance results + forecast chart:
Trade active
BNB facing strong resistance.Note
BNB\BTC pairing > if your going long, the green zone is the optimum area to buy. Currently getting rejected by the red zone. In my opinion, if your going long, its a good time to buy. If your going short, allow the 4 hrly candle to close above the resistance.Note
Note
For the short term, BNB bearishBNBUSDT
BNBBTC Pairing
Trade closed manually
If only I had thought of it before, I would have gained so much.My theory for why BNB did not recover well is due to BINANCE removing USA clients.
These clients have a big section on BINANCE transactions and it makes sense that they would sell off BNB for BTC as a means of moving their $$ as there is little option otherwise.
Trade active
You blink and you miss it.Note
before
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This community has signals now but with no risk management comms.
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