BNB correction+Death Cross
Hey guys,
First of all,i would like to tell you that i am a very big fan of Binance and what their team is doing for the crypto community.
Even though we have been surprised multiple times by amazing news from the Binance development team,the BNB token used on their platform is about to lose some of it's value on behalf of BTC.
As illustrated by the tehnical analysis that you can see above,we are currently in an early triangle formation,that suggests an upcoming correction to the price of BNB.
Unfortunately,a death cross has formed,meaning that the 200 MA has gone above the 50 and 30 MA's.
How to trade: In my opinion,staying out of BNB is the best decision,at least until we see some price stabilisation.I will provide you with an update as soon as the 18k satoshi mark is reached.
Hopefully,we will see the price stay inside the white triangle and not break below.
None of this is trading advice,as it only represents my opinion on how things will evolve.
If this has been helpful to you in any way,please feel free to drop some change in my piggy bank, or just leave me a review in the comment section.(It would mean the world for me ;) )
BTC: 1FT5eALCLpTKtQDiwQrEvuq51ScXJQqDEZ
ETH: 0x3d2966f2cd842dd4c63cb42991d234b8f07e78b5
For any questions,leave a comment down below and i will answer as soon as i get to see it.
Cheers!
First of all,i would like to tell you that i am a very big fan of Binance and what their team is doing for the crypto community.
Even though we have been surprised multiple times by amazing news from the Binance development team,the BNB token used on their platform is about to lose some of it's value on behalf of BTC.
As illustrated by the tehnical analysis that you can see above,we are currently in an early triangle formation,that suggests an upcoming correction to the price of BNB.
Unfortunately,a death cross has formed,meaning that the 200 MA has gone above the 50 and 30 MA's.
How to trade: In my opinion,staying out of BNB is the best decision,at least until we see some price stabilisation.I will provide you with an update as soon as the 18k satoshi mark is reached.
Hopefully,we will see the price stay inside the white triangle and not break below.
None of this is trading advice,as it only represents my opinion on how things will evolve.
If this has been helpful to you in any way,please feel free to drop some change in my piggy bank, or just leave me a review in the comment section.(It would mean the world for me ;) )
BTC: 1FT5eALCLpTKtQDiwQrEvuq51ScXJQqDEZ
ETH: 0x3d2966f2cd842dd4c63cb42991d234b8f07e78b5
For any questions,leave a comment down below and i will answer as soon as i get to see it.
Cheers!
Dagangan aktif
Looks like the volume is shrinking...Stay focused guys,we are halfways there.Binance Coin is down 8% since yesterday.
Expected bottom is at 18k satoshis.
Dagangan aktif
BNB almost reached the bottom of the triangle,just as expected.Consider this a green signal to buy.We are going to see a massive increase in prices very soon.
Dagangan aktif
If you are in this trade,please make sure you have a stop-loss set at least at the 16k sats levels.If you are in BNB for the long term,you should keep holding on to this.We will see new money flowing into the market soon.
Penafian
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