BNB-USD LONG opportunity according to price channel / action?
Context:
The Binance crypto exchange. During the gold rush, the sure fire route to success was to sell pick axes and shovels. Binance are certainly benefiting from the cyrpto gold rush today. The BNB token has become a bit of a hedge in the bearish crypto markets and has been following a long a upward trend as shown.
Current Trend:
Price is now above dynamic support, indicated by Ichimoku cloud and price action analysis.
Target:
LONG Entry $14.10
Stop loss: $13.20
Target 1: $16.10
Risk Reward: 2.2
Long Term Target:
Target 2: $18
Target 3: 20Trading price is now above dynamic support and by price action analysis.
The Binance crypto exchange. During the gold rush, the sure fire route to success was to sell pick axes and shovels. Binance are certainly benefiting from the cyrpto gold rush today. The BNB token has become a bit of a hedge in the bearish crypto markets and has been following a long a upward trend as shown.
Current Trend:
Price is now above dynamic support, indicated by Ichimoku cloud and price action analysis.
Target:
LONG Entry $14.10
Stop loss: $13.20
Target 1: $16.10
Risk Reward: 2.2
Long Term Target:
Target 2: $18
Target 3: 20Trading price is now above dynamic support and by price action analysis.
Transaction en cours
Strong resistance has been broken through and now price is resting on $14.50. Unsurprising after such a move upward. This is another good opportunity to enter the trade if you missed it at $14.40.Note
Price moving away from the support at $14.40.Note
Move Stop loss up to $14.40 for a no risk trade.
Chart indicators and tools to trade trends & pivot breakouts in the crypto and forex markets! -- Discord Group: discord.gg/VaW9zG7n
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Chart indicators and tools to trade trends & pivot breakouts in the crypto and forex markets! -- Discord Group: discord.gg/VaW9zG7n
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.