#BNB Reached $10 ( SMA 50 ) weekly as we mentioned in the last update
Close above Gan trend we can see $10 SMA 50 then Sell off or breakout
Current Movement:
we can see BNB shows weakness on Daily / 4 H frame also there is a wick from ( SMA 50) but we can`t count it as weakness sign due to BNB don`t closed a weekly yet.
so, we will talk about the daily frame and what extract info to see if there any useful info we can use or help us in the next trade.
#BNB breakout (SMA 200) Daily and this first time since Aug 2018 this is a good sign for sure,
but she still moves below ( SMA 50) weekly and this is another step BNB should take to shows more Bullish signs
Above (SMA 200) we can see BNB candles closed with wicks and this two candles on 11/12 Feb are very close to Tweezer Top, this`s a bearish pattern you can read and know more about it from here...
on.forex.com/2S0DvtV
Also if we draw fib between last top above SMA 200 In 2018 before breakdown it to the bounced bottom below it, by this way
we will see BNB reached fib 0.5 and this is strong level as mid-level for this cycle
and if we count this Ascending triangle in daily frame, from breakout and retest
we will get that
If BNB fail to pass (SMA 50) weekly, with this Candlestick pattern and weakness from fib level we be able to see BNB retest $7.30/6.8 Before Continue this bullish movement
from this info we setup this plan:
for our current signal from $7.30 gained about +30% we will set stop_loss at the entry point and our new limits will be between $7.30/6.8 if BNB decreased again
In general, BNB looks good for long term and investment with reward start from 30% to more than 100% but with the current market situation we suggest you follow our updates
for Clear Chart and view explain it`s self we suggest taking a look at this chart
we ask Allah reconcile and repay
Close above Gan trend we can see $10 SMA 50 then Sell off or breakout
Current Movement:
we can see BNB shows weakness on Daily / 4 H frame also there is a wick from ( SMA 50) but we can`t count it as weakness sign due to BNB don`t closed a weekly yet.
so, we will talk about the daily frame and what extract info to see if there any useful info we can use or help us in the next trade.
#BNB breakout (SMA 200) Daily and this first time since Aug 2018 this is a good sign for sure,
but she still moves below ( SMA 50) weekly and this is another step BNB should take to shows more Bullish signs
Above (SMA 200) we can see BNB candles closed with wicks and this two candles on 11/12 Feb are very close to Tweezer Top, this`s a bearish pattern you can read and know more about it from here...
on.forex.com/2S0DvtV
Also if we draw fib between last top above SMA 200 In 2018 before breakdown it to the bounced bottom below it, by this way
we will see BNB reached fib 0.5 and this is strong level as mid-level for this cycle
and if we count this Ascending triangle in daily frame, from breakout and retest
we will get that
If BNB fail to pass (SMA 50) weekly, with this Candlestick pattern and weakness from fib level we be able to see BNB retest $7.30/6.8 Before Continue this bullish movement
from this info we setup this plan:
for our current signal from $7.30 gained about +30% we will set stop_loss at the entry point and our new limits will be between $7.30/6.8 if BNB decreased again
In general, BNB looks good for long term and investment with reward start from 30% to more than 100% but with the current market situation we suggest you follow our updates
for Clear Chart and view explain it`s self we suggest taking a look at this chart
we ask Allah reconcile and repay
👋 Be a trader, not a gambler, by following risk/capital management!!
🎉Get Your Discount Today! (Limited offer)
t.me/PCS_Signals_Results/6922
We ask Allah reconcile and repay ❤️🙏
🎉Get Your Discount Today! (Limited offer)
t.me/PCS_Signals_Results/6922
We ask Allah reconcile and repay ❤️🙏