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22 paź 2020 14:32

BNB Monthly on the final Breakout attempt - Possible new ATH Long

Binance Coin / TetherUSBinance

Opis

A major level on monthly for BNB battle. If it breaks this level, I trust we will approach a new ATH.

I keep holding BNB and eyeing 50 as new ATH and extension to double it between 85-100.

Komentarz

BNB got rejected and triggers my profit SL=28.7. I am now seeking to rebuild BNB position if it pulls back to the 20-weeks average (at 24.4). Failure to hold and maintain above 50-weeks EMA, will be a sign of the end of the bullish rally and we must pull out.
... Only break above 32-32 zone will resume the uptrend towards new ATH.

Komentarz

BNB resuming uptrend after finding 20-week support, avg re-buys near 28, targetting a breakout of 32 and retest of ATH.

Komentarz

Things are becoming a bit unclearer as doubts on further rise increase. Current daily points to 8.5 months old trend for BNB with final triangular consolidation. It should break upward. However, there are some weaknesses as the double top appears apparent on the daily chart. In this case, a stop-loss below the triangular wedge is the main risk management.

Komentarz

Our weekly time-frame chart:

Komentarz

BNB is approaching a "BEARISH CHECKMATE" pattern if this month fails to break higher.

thinkmarkets.com/tfxmain/media/img/pdf/Candlestick_Patterns_Trading_Guide.pdf

If 25 breaks, we are done and BNB is mate to target 14.

Komentarz

Congrats, BNB breaks higher and prints a new ATH:

DOT stands in top 10 now and this could be interesting for 2-3 weeks. Long on it assuming it won't break below Fib0.618=5.32 in general for the following weeks. Extension Fib1.618=7.85, Fib2.618=10.9 as a bonus.

Komentarz

Third consecutive green month for BNB and this should bring us to 50+

Komentarz

Slowly and steadily - BNB is preparing for a surge:

Komentarz

BNB's new ATH and breaks 50

Komentarz

Booking profits here as BNB is @CHANNEL top, break outside the channel could extend this rally to 85-100 whereas the channel top rejection will award another buy near 45-50.

Transakcja zamknięta: osiągnięto wyznaczony cel

Excellent profit and extension of BNB. I am out n not over trading.
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