BNBBTC - TA Fridays 06/03/2020Ascending triangle into this resistance zone. If we have some solid bullish candles closing above this zone, look to enter long (if the triangle breaks, start looking for potential shorts instead).
Stop loss should be below the zone in case we have a little pullback/wicks to the downside.
First take profit is at daily resistance (2460), then next target is previous high (2570).
I would exit this trade early if the purple trendline broke with bearish candles (crossing below the 30EMA would be even more confirmation to get out).
This may take a day or two to present solid entry opportunities, and the trade itself could take 3-4 days to hit my first target.
MBA
MATIC EW riseMATIC has commenced EW and now looking to retrace to 4 prior to moving to 5.
Looking for scaled entries around the 0.5 and 0.618 on fibs from the retrace.
Looking for a conservative exit point for the first 2 positions and then hope to let the final position ride to see how far it goes and controlled by a stop loss.
MATIC has conformed well to EW previously.