Binance Coin is within a really clear descending wedge, with the completion of the wedge falling in line with the 61.8 fib and the ascending trendline. We saw almost an identical price action before in September 2021.
SHORT Term Trade Idea: SHORT (See chart update for lower timeframe setup)
- Watch for breakdown of bear flag and enter
- SL above the recent correction
- Target the 61.8 fibonacci
LONG Term Trade Idea: LONG
- Watch for bounce off the ascending trendline and fibonacci
- Enter with SL below the trendline
- Target recent highs as first target and HODL the rest
Goodluck!
SHORT Term Trade Idea: SHORT (See chart update for lower timeframe setup)
- Watch for breakdown of bear flag and enter
- SL above the recent correction
- Target the 61.8 fibonacci
LONG Term Trade Idea: LONG
- Watch for bounce off the ascending trendline and fibonacci
- Enter with SL below the trendline
- Target recent highs as first target and HODL the rest
Goodluck!
Note
4H SHORT SETUP
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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.
🥃 Crypto Signals Since 2017 🥃
💎Telegram t.me/AltSignals 💎
📈 Signals/Algos altsignals.io/join 📈
💎Telegram t.me/AltSignals 💎
📈 Signals/Algos altsignals.io/join 📈
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.