There is a trading opportunity to buy in BNBUSD

BINANCE:BNBUSD   Binance Coin / US Dollar (calculated by TradingView)
Midterm forecast:
. While the price is above the support 15.015, resumption of uptrend is expected.
. We make sure when the resistance at 18.880 breaks.
. If the support at 15.015 is broken, the short-term forecast -resumption of uptrend- will be invalid.

Technical analysis:
. The RSI downtrend #1 is broken, so the probability of resumption of uptrend is increased.
. While the RSI uptrend #2 is not broken, bullish wave in price would continue.
. A trough is formed in daily chart at 16.500 on 07/16/2020, so more gains maximum to Major Resistance (18.880) is expected.
. Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
. Relative strength index ( RSI ) is 59.

Trade Setup:
We opened 5 BUY trade(s) @ 17.713 based on 'Valley' entry method at 2020.07.21.

Take Profits:
TP1= 18.880
TP2= 20.800
TP3= 22.600
TP4= 26.580
TP5= Free

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Very educative!
+2 Reply
ForecastCity Forecast_Crypto
@Forecast_Crypto, Thank you for your comment.
+2 Reply
uch appreciative of flawless trade setups
+2 Reply
ForecastCity Forecast_Crypto
@Forecast_Crypto, Happy to help!
+2 Reply
Nice thorough Analysis
+1 Reply
ForecastCity Mehmetozdemi
@Mehmetozdemi, Thanks. we hope you enjoy it. 💎🙏💎
+1 Reply
ForecastCity Mehmetozdemi
@Mehmetozdemi, Thanks for your comment 💎🙏💎
+1 Reply
This chart is really something else! Special!!
+1 Reply
ForecastCity DenizKilicDeniz
@DenizKilicDeniz, Thanks for your comment. 💎🙏💎
+1 Reply
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