Priceline of BNB / Tether US is moving within a falling wedge and now hitting the support of wedge and bollinger bands.
This falling wedge support should be stop loss in case of complete candle stick closes below this support.
MACD is strong bearish and stochastic is oversold but did not give bull cross so we can wait for bull signal from stochastic or from MACD...
The priceline of Binance Coin / TetherUS has formed a bullish BAT pattern and entered in potential reversal zone.
We have 100 simple moving average support in PRZ area which will help the price action to take the bullish divergence insha Allah.
Volume profile showing weak interest of traders.
Stochastic RSI is oversold and giving bull cross.
Bollinger bands is...
Priceline of Binance Coin / TetherUS has formed a gartley pattern and entered in potential reversal zone.
From here the price action can hit the sell targets soon insha Allah.
I have used Fibonacci sequence to set the targets and the targets are:
Buy between: 27.3584 to 25.9468
Sell between: 28.4769 to 31.1526
Regards,
Atif Akbar (moon333)
In the previous idea of the BNB, I forecasted 2 scenarios of the price movement. One of them was a scenario that buyers would not be able to keep the price zone 12-12.4 and the price would fall to $ 9. It was from $ 9 that I expected growth. The price was replaced by a noticeable and this scenario was possible. This script worked out. What conclusions can be...
Technical analysis:
. BINANCECOIN/TETHERDOLLAR 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 38.
. While the RSI and the price downtrend in the Daily chart are not broken, bearish wave in price would continue .
Trading suggestion:
. There is a...
Technical analysis:
. BINANCECOIN/TETHERDOLLAR 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 38.
. While the RSI and the price downtrend in the Daily chart are not broken, bearish wave in price would continue .
Trading suggestion:
. There is a...
