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Bnbusdtlong

Massive Ascending channel on Binance Coin!We are going to see what Binance coin is up to! It's in this massive ascending channel. What I like best about it, is the chart looks nothing like BTC! Praise everything for non-correlation. Basically if this $14 area hold we should get a push up to the $20 area before moving down again. If this happens MACD will cross and RSI will show strength. Watch for further downside if this channel breaks down, whether it be now or after a run up first. I won't be trading this one at the moment, but it looks good if you have some funds in binance to do it! Happy Trading, Sherem
BINANCE:BNBUSDLong
by Sherem
10
BNB the best investment in crypto market?"In a gold rush, invest in shovels" As BTC is back to depressed levels of April, it brings all other coins down with it. All? No! A small coin is resisting... This is a comparison of BNB-USDT (bright colors) with BTC-USD (faint colors) charts. It seems like traders have been reverting back to BNB as a safe asset, as BTC was weakening. This should bode well as it does show that traders are very well present. I would suppose BNB will drop when BTC is back in strength. It's interesting to note how delayed BNB ATH was in regards to BTC. The same can't be said for KCS (Kucoin shares - same principle as BNB but on Kucoin exchange)... so i think this really depends on the size of the exchange, and is purely driven by number of traders. I suppose there must be enough people wanting to trade, hence hold BNB for lower fees, and maybe still want to speculate to resort to this rather than USDT.
BINANCE:BNBUSDLong
by pc_wave
BNB USDT Failing WedgeBNB is currently in the middle of consolidation inside of a failing wedge. Below it's current position, BNB should find strong support ~12.05. My suggestion would be to enter around 12.05 or on a wick that goes below this support. Set a stop loss below but be mindful of wicks that could stop you out. The result of this trade (and all of crypto for that matter) largely depends on the health of BTC which is currently in a down trend. If BTC can find some relief, I think we'll likely see BNB breakout above the failing wedge.
Long
by ttrending