Binance Coin - Continue to buy dips
Updated
Hi everyone,
Another analysis for BNB. The previous one worked well, could sell a decent amount above 35 USDT. Now we are seeing a retracement, which I think may find support around the 618 Fibonacci level, which also is near a trend support line for this pair.
The price went above the red cloud and now will probably find support on the green one. However, I am expecting, or waiting, for the MACD to show a curve like the one I draw in white, and some weakness of bears from its histogram.
Buy entry: 31.65
TP 1: 34.35
TP 2: 36
TP 2: 38
SL: 29.46
*Not financial advise, just sharing my ideas :)
Feel free to give your feedback/opinion. Thanks for reading!
Another analysis for BNB. The previous one worked well, could sell a decent amount above 35 USDT. Now we are seeing a retracement, which I think may find support around the 618 Fibonacci level, which also is near a trend support line for this pair.
The price went above the red cloud and now will probably find support on the green one. However, I am expecting, or waiting, for the MACD to show a curve like the one I draw in white, and some weakness of bears from its histogram.
Buy entry: 31.65
TP 1: 34.35
TP 2: 36
TP 2: 38
SL: 29.46
*Not financial advise, just sharing my ideas :)
Feel free to give your feedback/opinion. Thanks for reading!
Note
Please excuse the typing error. TP3 : 38Trade active
Note
TP 1 HITNote
TP 2 HITTrade closed: target reached
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