P_S_trade

BNB 12h. Why there is a big chance to see $16.5?

BINANCE:BNBUSDT   Binance Coin / TetherUS
BNB remains one of the strongest coins to hold up well under the current BTC dominance. If we look at how other coins and tokens fell yesterday, when BTC tested the lower limit of local consolidation, the BNB stability is impressive.

After yesterday's fall by 3%, BNB buyers managed to renew the local high. Most of the other coins failed to even organize a decent rebound.

However, is the BNB local trend from 23 September really strong enough to renew the previous high $33.38?

More than a month has passed since the publication of one of our first BNB ideas.
And we are back to the target near the level $16.5.

With a very high probability, a rather rare "Adam and Eve" pattern is forming on the BNB chart.

So far, all the necessary conditions are met:
- the first top is sharp with spikes and high volumes
- the second top is U-shaped with low volumes
- the difference between the tops is not more than 5%
- distance between tops 3-7 weeks (on the chart 5 weeks)

This formation work out:
- the first possible stop is the level $25
- formation confirmation - the breakout the level $22 down
- a rebound from level $20 upwards and testing the level $22 for strength from below
- trade and the final fall to the level $16.50.

Cancellation of this formation, the price fixing above $33. 40.

Subscribe and like, then you can quickly receive updates on ideas!

🎁 -10% on ALL trading fees OKX
www.okx.com/join/10pstrade

🔥V-I-P cutt.ly/PwkLhT56

👍Daily bitcoin reviews here💲 cutt.ly/3wnaaG4s

🔵Telegram t.me/pstrade_eng
면책사항

이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.