BNBUSDTPER-1H-FUTURE-UPDATE
- Hello guys, I have some updates for BNB position.
I.Observation:
- As my expectation, price reacted strongly at 266.xx-271. xx and our position is being profitable.
II. Indicators analyst:
1. Candle stick pattern: The first bottom had been completed with bullish engulfing pattern
2. Relative Strength Index ( RSI ): After completing bullish-divergence, RSI continues keeping its bullish momentum.
3. MACD: Current time, MACD line cut and moves above Signal line. Moreover, MACD histogram transferred from green and moving up.
III. Conclusion:
Although, price are facing selling force at 272.xx-273. xx , all indicators in my trading system tell me that upward movement will keep continue.
IV. Attention:
Through this writing, I want to mention importance of candle stick reading skill. Look at chart that I drew, there are two bullish engulfing patterns. The question is " WHY PRICE REACTS IMMEDIATELY IN THIS CASE".
You should know that we must consider the area where reversal candle stick pattern appears. In this case, reversal candle stick patterns appear at strong local support and fibonacci 618, these are places where buy force is strong so that price react quickly.
I.Observation:
- As my expectation, price reacted strongly at 266.xx-271. xx and our position is being profitable.
II. Indicators analyst:
1. Candle stick pattern: The first bottom had been completed with bullish engulfing pattern
2. Relative Strength Index ( RSI ): After completing bullish-divergence, RSI continues keeping its bullish momentum.
3. MACD: Current time, MACD line cut and moves above Signal line. Moreover, MACD histogram transferred from green and moving up.
III. Conclusion:
Although, price are facing selling force at 272.xx-273. xx , all indicators in my trading system tell me that upward movement will keep continue.
IV. Attention:
Through this writing, I want to mention importance of candle stick reading skill. Look at chart that I drew, there are two bullish engulfing patterns. The question is " WHY PRICE REACTS IMMEDIATELY IN THIS CASE".
You should know that we must consider the area where reversal candle stick pattern appears. In this case, reversal candle stick patterns appear at strong local support and fibonacci 618, these are places where buy force is strong so that price react quickly.