Market Context: BNB/Binance has enjoyed a strong bullish run, but monthly timeframe signals point towards the asset being overbought. Additionally, a move into previous highs on teh 1M and 1W charts hint at a possible pullback to the 50-61.8% Fibonacci retracement area. This zone often sees increased liquidity, which could attract long positions from institutional...
Here you can see the chart of "BNBUSDT" at different time frame. In the 1 day time frame the price has a major Resistance zone at "330" and a Trendline support at "290" and we are expecting the price to reach the resistance zone and take rejection from the point. Also you can see that the price is forming a BULLISH FLAG PATTERN in 4 hout time frame
Hello Traders,
welcome to this free and educational analysis.
I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities.
If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below.
I will personally reply to every single...
The reason we did for B was based on several technical analysis methods, the RTM method, the Smart Money method, and the price action method. I also put it on the chart, one of my indicators is SMC bitmap, which shows the smart money concept method as an indicator, and also the buy and sell indicator, which is in English and Farsi for all the people of the world,...
updated chart from my earlier post!
- I think we can see a similar uptrend as what we've experienced before.
- There will be quite a few buy and sell areas for those who prefer short term trading strategies
- This chart is just my current idea. It can and most definitely will change!
- Please do your own research and trade according to your plan.
- Trade...
