BNB/USDT - 4h - Analysis published on 03/02/2021

Moon to Earth … it’s Cosmo 😃 again and because of strong demand of you guys I prepared a Binance Coin/USDT (4 hours time frame) analysis for you. So, let's get started:
Summary of the Analysis for BNB/USDT - 4h timeframe
Trends: Short Term – Bullish & Long Term – Strongly Bullish

Crypto Screener™ (by TradingView) Rating: BUY

Technical Indicators (by TradingView & intotheblock): BUY
- Summary: 7 Bearish; 10 Neutral & 9 Bullish
- Oscillators: 1 Bearish; 9 Neutral & 1 Bullish
- Moving Averages: 6 Bearish; 1 Neutral & 8 Bullish

Fundamentals: BUY
- Circulating/ Max Supply = 91% --> BUY
- 821 out of 1,000 Fundamental Crypto Asset Score (FCAS™ by Flipside Crypto)
- B+ SIMETRY™ Rating (by Crypto Briefing)
- BBB Rating with stable outlook by TokenInsight
- 99.6% out of 100% Asset Score™ by TokenInsight
- 86.83 Dynamic Performance Score™ by TokenInsight

AI (Artificial Intelligence) by CENTRALCHARTS: BUY

Multi Timeframe Analysis:
- 1h (1 hour frame): negative
- 4h (4 hours frame): very positive
- D (1 day frame): very positive
- 7d (last 7 days): neutral

My Opinion: BUY - Bullish over USD 216.7
My targets: USD 264.9 (+12.7%), USD 309.5 (+31.6%) & USD 348.7 (+48.3%) from current price level

Binance Coin is on a long-term bullish trend (10° upwards). Furthermore the BNB/USD curve is constantly above the BTC/USD (yellow) curve which means that BNB consistently outperforms BTC as Binance – as the biggest Crypto exchange on the planet – is really booming. This trend seems to be sustainable because trading will continue no matter whether the general market is rising or falling especially because Binance offer lots of options to go SHORT (Margin, Futures & Options Trading) nowadays as well. Hence, traders may only consider long (buy) positions if the price stays well above USD 216.7 (Stop Loss Level = 1st light red line below current price; -7.8% from current price level). Next resistance levels are indicated as light green lines in the chart. A bullish breakout above a resistance line would increase bullish momentum.
Signal Force (0-10): 4 = medium force

We are currently trading slightly below Session VWAP (Session just started @ 05:00 PM UTC+1). Before the previous Session ended, we observed a sharp decline. Should we break significantly upwards now, this would be a strong BUY signal.

Please note that as a Hedge Fund Manager I would NEVER go outright long = only buy ... I always have potentially underperforming coins or tokens short against the longs!
The trick is, that (because of good research) the longs perform better than the shorts in all market situations.
Like and follow as there are more analysis to come which will focus on over- and underperforming (compared to BTC) coins and tokens. Please also look at my current AVAX/BTC Analysis --> AVALANCHE SHORT, my BNB/BTC Analysis --> BINANCE COIN LONG and my ongoing BTC/USDT (general market) analysis.

We now have 2 LONG and 1 SHORT in Moonraker Crypto Hedge Fund. Please note that you must always rebalance after a new position. In this case we also increase the AVAX SHORT to stay balanced.
This is ESSENTIAL 😇 because as a Hedge Fund we want to have a balanced position with all underperforming Coins/ Tokens SHORT and all overperforming Coins/ Tokens LONG to be able to make money 🍀💵 in all market situations and independent from the price action and level. That’s exactly what the big guys do 🤑: They always organize their Portfolios as a Hedge!

Happy trading everyone … to be continued.

Published on 03/02/2021, 7:00 PM (UTC+1)

Comment:

--> Target: USD 264.9 (+12.7%) reached

Comment:

--> Target: USD 309.5 (+31.6%) reached