Binance Coin (BNB) Volume Breakout, Fresh Look

2020년 8월 14일

Let's have a fresh look at Binance Coin (BNBBTC).

Here we have what I call a "volume breakout".

Today, BNBBTC printed the biggest volume bar since April 2020.

On top of being the highest volume day in several months, we also can appreciate easily continues higher lows.

Without a shadow of a doubt, Binance Coin is one of the strongest altcoins...
If you are looking for a strong project to park big funds and have long-term potential gains, this is one of the best pairs.

We also have prices moving above EMA100, EMA50, and EMA10.

We remain 100% bullish on Binance Coin vs Bitcoin as long as price stays above the 14-May low (blue dashed line).

EMA200, brown line, is the current resistance...
Above this level, bullish momentum can grow.
-------

Remember to have a plan before you trade.

Do not worry about mistakes, they are part of the game.

Instead, learn from your mistakes and accept when you take some action that is wrong.

By accepting, you allow yourself to take a different approach the next time the same situation presents itself.

I made tons of mistakes while learning to trade...
I have many winners but also many losses.

I take any loss and learn from them to improve my strategy and win more often in the future.

Never worry if one opportunity goes away.
There are endless opportunities in this cryptocurrency market... When one door closes, many more will open...
So remain calm, breathe deeply, and take your time before jumping into any trade.

Namaste.