Trend idea regarding BNB/BTC leading up to BNB launchpad sessions
Thinking we range between 95-105 for next few weeks before trekking up again. Seems like the battle at 5 digits has just begun. Has used 12hr 50ma has bounce zone for the entirety of this move from 3k, think would make sense to visit it again and most likely dip below temporarily.
-Cup and handle formation -Bullish Divergence on oversold stochastic -Y Cash for July 18
- S/R flip - Bullish divergence on oversold stochastics - Oversold with inability for price to get down
• S&R flip, higher highs and lows, stochastics oversold • Volume/interest spike with mainnet launch schedule for EOM
-Stuffed at trendline resistance and previous support level -Stochastics overbought and volume dropping off
• Was using 200MA as support for a while, fell through and started using it as resistance. Now, it has broken through and hopefully will begin to use it as support once again • 50MA was resistance for entirety of downturn, finally burst through with strength • Buy zone: 470-490, essentially at 200MA. Short stop right below. Bounce off 200MA would be EXTREMELY...
• Retesting defined support level, previous resistance • Oversold RSI along with stochastics very low • Strongest buy volume we’ve seen since CB listing • Entry: In support region • R/R: 2:1 (Don’t see this rallying more than 20%)
• Retesting strong support level, last time we saw a strong bounce of 100% • Oversold RSI with slight bullish divergence • Entry: In support region • Stop: Below support – .0001818 • Target 1: 2400 (20%) and Target 2: 2800 (40%)
- Consecutive attempts to break above 200 MA on 1HR and rejected every time - Considerably larger sell volume on the second drop - Forming a clear bearish pennant - Downwards break in wedge could result in violent downwards move to .029000 then .028000 area Fundamentals: - Serenity "Ethereum 2.0" with scaling solution estimated to not be ready until 2020, which...
• Rallied 25% amidst strong bearish price action throughout rest of market, still up 18% on the week --> Excessive upwards move for such a large cap coin • Stochastics trending down on hourly with bearish divergence on larger timeframes • Tried to rally about 10000 range for a second time, rejected • Buy volume weakening, sell volume increasing • If it reaches...
• Interesting level here: Will it hold support (previous resistance) or fall through? • Something to watch closely, down 20% from yesterday, might be in for a 5% relief rally • Stochastics low, oversold RSI on smaller timeframes
- Reaching critical previous resistance level, might be used as potential support from here - About to close with two green daily candles back to back for the first time in a week - Bullish divergence out of oversold region on RSI and Stochastic - Low risk if you put a stop loss right below support level, and a target 10% from here
• Past pumps have been followed by vicious pullbacks and high volatility, this one is holding with strong support and relatively calm price action • If this support can hold, an upward bounce through the above trendline could result in a LARGE upwards move • Fundamentals: Ripple Labs is sitting on a bunch of capital from selling XRP at the top in the beginning...
• Volume increase along with bullish divergence on stochastics and RSI • Support found in previous resistance area – higher lows • 1-month downtrend breakout • Solid entry: down 30% from previous ATH • Watching 30min looking for a pullback, stop-loss 585 if position is opened