Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
While many altcoins made lower lows the past couple of months, BGB stood strong above support.
on DAILY: Left Chart
BGB is stuck inside a range in the shape of a symmetrical triangle highlighted in red.
đFor the bulls to take over medium-term, we need a break above the upper red trendline, and then above the green resistance 0.225 for the bulls to take over from a long-term perspective.
Meanwhile, as we approach the lower red trendline and blue support, we will be looking for short-term buy setups.
on H1: Right Chart
BGB is bearish short-term trading inside the orange channel.
đđčTrigger => for the bulls to take over, we need a break above the orange trendline and last major high in gray.
Meanwhile, until the buy is activated, BGB can still trade lower till the blue support and form a new major high before the bulls take over.
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
While many altcoins made lower lows the past couple of months, BGB stood strong above support.
on DAILY: Left Chart
BGB is stuck inside a range in the shape of a symmetrical triangle highlighted in red.
đFor the bulls to take over medium-term, we need a break above the upper red trendline, and then above the green resistance 0.225 for the bulls to take over from a long-term perspective.
Meanwhile, as we approach the lower red trendline and blue support, we will be looking for short-term buy setups.
on H1: Right Chart
BGB is bearish short-term trading inside the orange channel.
đđčTrigger => for the bulls to take over, we need a break above the orange trendline and last major high in gray.
Meanwhile, until the buy is activated, BGB can still trade lower till the blue support and form a new major high before the bulls take over.
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
đI help you turn charts into a career
theSignalyst.com
Telegram
t.me/thesignalyst
Trusted Crypto Exchange
cutt.ly/qtwKuPaJ
Trusted CFD Broker
cutt.ly/TickmillReal
theSignalyst.com
Telegram
t.me/thesignalyst
Trusted Crypto Exchange
cutt.ly/qtwKuPaJ
Trusted CFD Broker
cutt.ly/TickmillReal
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von RatschlÀgen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.
đI help you turn charts into a career
theSignalyst.com
Telegram
t.me/thesignalyst
Trusted Crypto Exchange
cutt.ly/qtwKuPaJ
Trusted CFD Broker
cutt.ly/TickmillReal
theSignalyst.com
Telegram
t.me/thesignalyst
Trusted Crypto Exchange
cutt.ly/qtwKuPaJ
Trusted CFD Broker
cutt.ly/TickmillReal
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von RatschlÀgen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.