Hello, traders!
After a small pause I decided to get back to Altcoin analysis. As you know, these coins give traders an opportunity both to lose money and cut the jackpot. Thus, you should enter the trades very accurate if you want to earn a lot. As for me, I’ll try to do my best to help you.
Well, today we’ll speak about BNB - one of the most trusted alt coin. Have a look at the chart.
As you can see, after a massive correction in May it usually tried to gain the price but failed and became choppy. However, as you can see, it has already started its second attempt and is in a strong up-trend now. In my opinion, everything will be a clear in a few days - very significant level is about to be reached to the price - 0.382 Fibonacci. If bulls have enough power, it will be easily broken and the price will go up. However, there’s another even more significant level 0.5 Fib. As you know, the area between 0.5 and 0.618 is very important. Moreover, it’s called «the golden pocket», that means that the price will consolidate in this area with high probability. Bulls have enough power to break the 0.382 Fib. Level in my opinion. Is this enough to enter «golden pocket»? We’ll see.
However, if you look at Chaikin Oscillator, you’ll see the bearish divergence. Look at the chart. Can you see it has worked off? There was minor downtrend. In my opinion, we shouldn’t consider the divergence worked off. This, there is another scenario of price action - down-trend. The price will go down, breaking the support trend line. Judging by all my thoughts a have built several scenarios.
Scenario A
The price will break 0.382 and 0.5 Fib. with further consolidation in «golden pocket».
Scenario B
The price will break 0.382 Fib. but the 0.5 is a hard nut to crack for bulls. But the power still enough, they don’t want to lose bears, that are gaining power. Such kind of scenario gives us sideways.
Scenario C
The divergence will work of and the trend will reverse with further consolidation in are under 0.382.
Well, guys, I hope this info is useful for you. I always tell you, but I’ll repeat, make your own analysis based on my or not. Don’t follow me blindly. It’ll boost your trading skills roughly. Have a nice day, dear traders!
After a small pause I decided to get back to Altcoin analysis. As you know, these coins give traders an opportunity both to lose money and cut the jackpot. Thus, you should enter the trades very accurate if you want to earn a lot. As for me, I’ll try to do my best to help you.
Well, today we’ll speak about BNB - one of the most trusted alt coin. Have a look at the chart.
As you can see, after a massive correction in May it usually tried to gain the price but failed and became choppy. However, as you can see, it has already started its second attempt and is in a strong up-trend now. In my opinion, everything will be a clear in a few days - very significant level is about to be reached to the price - 0.382 Fibonacci. If bulls have enough power, it will be easily broken and the price will go up. However, there’s another even more significant level 0.5 Fib. As you know, the area between 0.5 and 0.618 is very important. Moreover, it’s called «the golden pocket», that means that the price will consolidate in this area with high probability. Bulls have enough power to break the 0.382 Fib. Level in my opinion. Is this enough to enter «golden pocket»? We’ll see.
However, if you look at Chaikin Oscillator, you’ll see the bearish divergence. Look at the chart. Can you see it has worked off? There was minor downtrend. In my opinion, we shouldn’t consider the divergence worked off. This, there is another scenario of price action - down-trend. The price will go down, breaking the support trend line. Judging by all my thoughts a have built several scenarios.
Scenario A
The price will break 0.382 and 0.5 Fib. with further consolidation in «golden pocket».
Scenario B
The price will break 0.382 Fib. but the 0.5 is a hard nut to crack for bulls. But the power still enough, they don’t want to lose bears, that are gaining power. Such kind of scenario gives us sideways.
Scenario C
The divergence will work of and the trend will reverse with further consolidation in are under 0.382.
Well, guys, I hope this info is useful for you. I always tell you, but I’ll repeat, make your own analysis based on my or not. Don’t follow me blindly. It’ll boost your trading skills roughly. Have a nice day, dear traders!
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Turn TradingView indicator & strategy alerts into automated trades on major crypto exchanges using no-code bots
Start free at skyrexio.com
Start free at skyrexio.com
免責聲明
這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。