BNB (Binance)
What's up guys !
if you take your time back , you shall see that price made a double top chart pattern on the 4H and broke the neck line with an engulfing candle showing the strength of the bears.
On the 1H , Price then reaches a Weekly support zone and makes multiple rejections as price hovers around this area , Waiting for the break of the trend line and the last swing high (BULL) to enter my BUY ,
The MACD divergence also helps and add as a confluence as I observe for the cross of the EMA 14 and EMA 50
What do you think ?
if you take your time back , you shall see that price made a double top chart pattern on the 4H and broke the neck line with an engulfing candle showing the strength of the bears.
On the 1H , Price then reaches a Weekly support zone and makes multiple rejections as price hovers around this area , Waiting for the break of the trend line and the last swing high (BULL) to enter my BUY ,
The MACD divergence also helps and add as a confluence as I observe for the cross of the EMA 14 and EMA 50
What do you think ?
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.