Hi All,
The above the weekly chart has a wedge (potential breakout) formation. Below has some additional details.
BNB has some positive news where Binance CEO CZ hinted that the exchange will be launching a DeFi-related IEO.
Rumors from Binance CEO CZ about an upcoming DeFi involvement send BNB upwards and maybe break this resistance.
As long as Bitcoin maintains its position above the $9,500 level, many altcoins will mark impressive gains.
BNB.USDT chart below outlines the layers to break the main trend line, which will reflect the BNB.BTC pairing resistance trendline above.
Note: WS\WR weekly support and weekly resistance lines which has confluence with fib. lines.
How to trade this?
Looking at the 10/20/50 EMA level, one will be likely the bounce level. To gauge this, I will be using the 8HRLY time frame and indicators for the signal to enter.
Macro structure
Please give me a like or tick for this post.
Regards,
S.Sari
The above the weekly chart has a wedge (potential breakout) formation. Below has some additional details.
BNB has some positive news where Binance CEO CZ hinted that the exchange will be launching a DeFi-related IEO.
Rumors from Binance CEO CZ about an upcoming DeFi involvement send BNB upwards and maybe break this resistance.
As long as Bitcoin maintains its position above the $9,500 level, many altcoins will mark impressive gains.
BNB.USDT chart below outlines the layers to break the main trend line, which will reflect the BNB.BTC pairing resistance trendline above.
Note: WS\WR weekly support and weekly resistance lines which has confluence with fib. lines.
How to trade this?
Looking at the 10/20/50 EMA level, one will be likely the bounce level. To gauge this, I will be using the 8HRLY time frame and indicators for the signal to enter.
Macro structure
Please give me a like or tick for this post.
Regards,
S.Sari
Note
ref. for myself (I.Charts)Note
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Note
Chart update Note
BNB.USDT chartNote
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Discord: discord.com/invite/vb4hbP88vb (TradeToProspa)
Telegram: t.me/TprospaTradersbot
This community has signals now but with no risk management comms.
Telegram: t.me/TprospaTradersbot
This community has signals now but with no risk management comms.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.