XMR/USDT 8H (Binance Fut.) Parallel channel breakdown & pullbackMonero is looking quite bearish after breaking downwards out of the ascending channel.
Price action has retested several times the necklines, so it's just a question of time before big drop, in my opinion.
Sell Entry= 61.35 - 64.55
Take Profit= 55.83 | 49.16 | 43.23
Stop Loss= 70.07
Risk/Reward= 1:1 | 1:1.94 | 1:2.77
Expected Profit= 33.93% | 65.73% | 93.99%
Possible Loss= -33.93%
Fib. Retracement= 0.382 | 0.618 | 0.786
Margin Leverage= 3x
Binancefutures
BNB/USDT 8H (Binance Fut.) Rising wedge breakout & pullbackBinance Coin clearly broke-out this bearish pattern, now pulled-back is about to end, better prepare for downtrend.
We've got that blue Trend Line that was broken last week acting as support, but a breakdown would trigger lots of sell orders.
Sell Entry= 17.035 - 17.715
Take Profit= 15.445 | 13.807 | 11.025
Stop Loss= 19.306
Risk/Reward= 1:1 | 1:1.85 | 1:3.29
Expected Profit= 33.33% | 61.62% | 109.65%
Possible Loss= -33.33%
Fib. Retracement= 0.236 | 0.382 | 0.618
Margin Leverage= 3x
ETH/USDT 8H (Binance Fut.) Ranging inside rising wedgeEthereum is still ranging inside the wedge, you may wait for breakout first but I'm taking the risk to short again right now.
Sell Entry= 208.44 - 213.04
Take Profit= 193.81 | 185.58 | 176.69
Stop Loss= 227.67
Risk/Reward= 1:1 | 1:1.49 | 1:2.01
Expected Profit= 40.15% | 65.73% | 93.99%
Possible Loss= -40.15%
Fib. Retracement= 0.382 | 0.5 | 0.618
Margin Leverage= 5x
XLM/USDT 8H (Binance Fut.) Double channel facing resistancesStellar Lumens has got a great bull-run lately, but it looks like it's going to retrace now.
There is still some place to grow up a little bit before dump that's why I'm using low leverage:
Sell Entry= 0.06969 - 0.07187
Take Profit= 0.06413 | 0.05905 | 0.05103
Stop Loss= 0.07743
Risk/Reward= 1:1 | 1:1.75 | 1:2.96
Expected Profit= 28.20% | 49.71% | 83.70%
Possible Loss= -28.20%
Fib. Retracement= 0.236 | 0.382 | 0.618
Margin Leverage= 3x
ETH/USDT 12H (Binance Fut.) Double rising wedge about to endEthereum is at critical resistance here and I can see some bearish pattern forming.
There is still some place to grow up a little bit before dump that's why I'm using low leverage and large entry range.
Sell Entry= 193.62 - 200.00
Take Profit= 181.11 | 169.33 | 150.28
Stop Loss= 212.51
Risk/Reward= 1:1 | 1:1.75 | 1:2.96
Expected Profit= 23.94% | 41.88% | 70.92%
Possible Loss= -23.94%
Fib. Retracement= 0.236 | 0.382 | 0.618
Margin Leverage= 3x
ADA/USDT 4H (Binance Fut.) Rejected on upward channel resistanceAfter reaching good targets longing Cardano vs Bitcoin, it also looks ready to retrace in TetherUS.
I'm expected at least a decent pullback, maybe down to the midline (the dashed one), set-up:
Sell Entry= 0.04293 - 0.04373
Take Profit= 0.04157 | 0.04009 | 0.03768
Stop Loss= 0.04514
Risk/Reward= 1:1 | 1:1.79 | 1:3.13
Expected Profit= 20.90% | 37.40% | 65.30%
Possible Loss= -20.90%
Fib. Retracement= 0.236 | 0.382 | 0.618
Margin Leverage= 5x
XTZ/USDT 8H (Binance Fut) Possible pullback down to rising wedgeAfter reaching last target longing Tezos vs Bitcoin, it looks ready to retrace in TetherUS.
I'm expected at least a decent pullback. maybe down to the rising wedge which broke-out few days ago:
Sell Entry= 2.720 - 2.780
Take Profit= 2.633 | 2.569 | 2.468
Stop Loss= 2.873
Risk/Reward= 1:1 | 1:1.48 | 1:2.29
Expected Profit= 22.35% | 33.10% | 51.25%
Possible Loss= -22.35%
Fib. Retracement= 0.236 | 0.382 | 0.618
Margin Leverage= 5x
BNB/USDT 12H (Binance Fut.) Ascending channel break-outBinance Coin broke the channel support and start looking bearish after the token sale on Launchpad and quarterly Burn.
So it could be a good Short opportunity, we are operating it in Binance Futures Tournament, set-up:
Sell Entry= 14.786 - 15.186
Take Profit= 13.741 | 12.623 | 10.335
Stop Loss= 16.232
Risk/Reward= 1:1 | 1:1.9 | 1:3.73
Expected Profit= 24.93% | 47.31% | 93.12%
Possible Loss= -24.93%
Fib. Retracement= 0.236 | 0.382 | 0.618
Margin Leverage= 3x
BTC/USDT 8H (Binance Fut.) Symmetrical Triangle near breakoutBitcoin is under EMAs & MAs and facing resistance zone, so it would probably revisit the channel support (rose one).
I'm expecting more downtrend if parallel channel breaks-out also, that's why I put targets below it, set-up:
Sell Entry= 6934.50 - 7041.50
Take Profit= 6650.52 | 6313.72 | 5637.92
Stop Loss= 7325.52
Risk/Reward= 1:1 | 1:2 | 1:4
Expected Profit= 24.15% | 48.25% | 96.60%
Possible Loss= -24.15%
Fib. Retracement= 0.236 | 0.382 | 0.618
Margin Leverage= 5x
ZEC/USDT 1H (Binance Fut.) Ascending channel break-outZcash broke the channel support and start looking bearish after reaching good targets vs BTC.
So it could be a good Short opportunity, we are operating it in Binance Futures Tournament, set-up:
Sell Entry= 47.15 - 45.88
Take Profit= 43.03 | 41.27 | 37.07
Stop Loss= 50.03
Risk/Reward= 1:1 | 1:1.5 | 1:2.71
Expected Profit= 37.6% | 56.55% | 101.65%
Possible Loss= -37.6%
Margin Leverage= 5x
Monero (XMRUSDT) short.All description on the chart.
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