Short

BNB c-wave failure plus CMF bear divergence

Mis à jour

BNBUSDT is heading a potential downward leg to complete iv-wave of this channel. On the 4H chart we can see a strong bearish correlation between the price action and Chaikin Money Flow bearish divergence, in which we have a c-wave failure case. The next demand zone is confluent with the Fibonacci retracement projection.

Transaction en cours

Note

Potential scenario in case of price action sustains the channeling formation 5-3-5-3-5, leading to complete the wave -A.

Note

Fisher Transform provides a reasonable sense of time to plain a swing trading position. In this case, we can speculate a good point to expect for the wave -iii terminus to take profit. Thus, a lower high will be formed at wave -iv, in which peak price can be consider a new level for a second sell position.

Note

How much profitable will be the wave -iii?

Transaction en cours

Note

Levels to watch. 1st TP at the local support (circle) is on the table.

Note

Likely a bull trap.

Note

firmestudio

Aussi sur:

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.