Hi, Traders ! Monfex is on the air !
We have a portion of good news for you! Binance’s native cryptocurrency (BNB) will be underlying of a new exchange traded product (ETP) and hence will be traded on the stock exchange.
* The largest crypto exchange, Binance, informed that it has entered into a partnership with fintech firm Amun, aiming to create the...
Hello, Traders!
Monfex is at your service and today we overview BNB/USDT.
On this chart, we see the support line to which BNB price is currently aiming inside the falling wedge. There I designated the buy zone ~$ 10 as there is also a very strong trading volume, which acts as additional support.
Share your thoughts, ideas about the market under the chart.
Watch...
BNB right now is struggling against the 200 moving average which is shown on the hourly timeframe. I believe that very soon it will crash down out of the channel and bounce off the 50 moving average (shown by the orange arrow). This will result in a fast move back up through and beyond the channel towards my first target of $50.
Looks like crap to me. Price action is knocking on the door of that support line.
I am looking at that support to break and when it does would be targeting the next level down as a good buy area.
Technical analysis:
. AUGUR/BINANCECOIN is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 40.
. The price downtrend in the daily chart and the RSI downtrend are broken, so the probability of the resumption of an uptrend is increased.
Trading suggestion:
....
Midterm forecast:
There is no trend in the market and the price is in a range bound, but we forecast resumption of uptrend.
Technical analysis:
. The price is above the 21-Day WEMA which acts as a dynamic support.
. Relative strength index (RSI) is 45.
New trading suggestion:
*There is still a possibility of temporary retracement to suggested support line...
Technical analysis:
. ZILLIQA/BINANCECOIN is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 52.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.003100 to 0.002600). if so, traders can set orders based on Price...
Technical analysis:
. OST/BINANCECOIN is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 39.
. While the RSI downtrend and the price downtrend in the daily chart are not broken, bearish wave in price would continue.
Trading suggestion:
. There is a...
Technical analysis:
. NEM/BINANCECOIN is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 73.
Trade Setup:
. We opened 9 BUY trade(s) @ 0.01155 (day close price) based on a reversal candle ( Hammer ) at 11.18.2018
Beginning of entry zone (0.01070)
Ending of...
Technical analysis:
. CARDANO/BINACECOIN is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 47.
Trade Setup:
We opened 9 BUY trade(s) @ 0.00773 based on 'Hammer' entry method at 11.16.2018.
Beginning of entry zone (0.00740)
Ending of entry zone (0.00670)...
Technical analysis:
. OST/BINANCECOIN is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 55.
. While the RSI downtrend and the price downtrend in the daily chart are not broken, bearish wave in price would continue.
Trading suggestion:
. There is a possibility...
Technical analysis:
. EOS/BINANCECOIN is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 51.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.5440 to 0.4940). if so, traders can set orders based on Price Action...
Technical analysis:
. WaBi/BinanceCoin is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 54.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.02600 to 0.02170). if so, traders can set orders based on Price Action...
Technical analysis:
. Stellar/BinanceCoin is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 51.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.01960 to 0.01570). if so, traders can set orders based on Price...
Technical analysis:
. Ripple/BinanceCoin is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 55.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.04270 to 0.03780). if so, traders can set orders based on Price...
Technical analysis:
. Siacoin/BinanceCoin is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 66.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.000680 to 0.000610). if so, traders can set orders based on Price...
