Binance Coin's chart (BNBUSDT) looks very similar to Bitcoin, with the exception of the bull-trap in June.
The bull-trap is the most revealing signal of all. It confirms that the bullish wave ended. If a bullish wave ends, a bearish wave starts.
The bearish wave is already in process and after the bull-trap we have the requirements necessary to call the current price action a bearish trend; lower highs and lower lows.
After a three days bounce, weak volume, it seems the resumption of the bearish move comes next. This would imply a lower low compared to 5-August.
Market conditions can change.
This is not for beginners.
Experienced traders only.
___
SHORT BNBUSDT
Leverage: 6X
Targets:
3) $490
4) $465
5) $415
6) $385
7) $345
Stop-loss:
Adjust to your own risk tolerance
Potential profits: 196%
Capital allocation: 3%
____
This is not financial advice.
Do your own research and planning.
Thanks for your support.
You are appreciated.
Namaste.
The bull-trap is the most revealing signal of all. It confirms that the bullish wave ended. If a bullish wave ends, a bearish wave starts.
The bearish wave is already in process and after the bull-trap we have the requirements necessary to call the current price action a bearish trend; lower highs and lower lows.
After a three days bounce, weak volume, it seems the resumption of the bearish move comes next. This would imply a lower low compared to 5-August.
Market conditions can change.
This is not for beginners.
Experienced traders only.
___
SHORT BNBUSDT
Leverage: 6X
Targets:
3) $490
4) $465
5) $415
6) $385
7) $345
Stop-loss:
Adjust to your own risk tolerance
Potential profits: 196%
Capital allocation: 3%
____
This is not financial advice.
Do your own research and planning.
Thanks for your support.
You are appreciated.
Namaste.
Note
The final target can end much lower, the numbers are just for illustration.They work as a guide/map. Be prepared.
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🚨 FREE PREMIUM Trades + Top Results
t.me/anandatrades/1183
🚨 FREE Quality Content + New Results
(Frequent Discounts & Offers)
t.me/masteranandatrades/6172
🚨 Go beyond! PREMIUM LIFETIME Access
lamatrades.com (Since 2017)
t.me/anandatrades/1183
🚨 FREE Quality Content + New Results
(Frequent Discounts & Offers)
t.me/masteranandatrades/6172
🚨 Go beyond! PREMIUM LIFETIME Access
lamatrades.com (Since 2017)
Related publications
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.