BNB is in a great position right now, even with the small retrace. If you see in the chart, BNB is progressively making higher highs and lower lows. The 50 & 100 MA maintained the bullish crossover and the daily RSI and STOCH have almost bottomed out in the oversold range. This is a great opportunity to long BNB. I expect the bounce to occur between the buy zone of .00200-.00206. This entry is perfect for a long, and look for the exit points as targeted. I expect 200 MA to continue to drop to T2 at .00245. The final targe, T3 at .0029 would be a prime full exit of the position. I expect some retrace before we launch back above .0030 zone.
Possible Entries: .00200-.00206
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交易進行
BNB UPDATE:
BNB is still fluttering with the uptrend which recently had a triple touch. Each time it has been making a higher low. Daily indicators are showing positive momentum. RSI bottoming near oversold, and Stoch crossed over to bullish after bouncing off the oversold region. I do expect BNB to have a run coming up. The key points to watch are T1 at .0022599 which is the 50 MA top. The second is T2 at .00245. This would be the double top of the higher high. If we do not break this target it could mean a fall back to support. Therefore, keep eye on these two targets. If we do see a wave back to support, in the green bar it is a nice chance to add and accumulate (or open new long). Uptrend is still showing and 50 &100 MA cross is valid. So until trend breaks, expect move upward to T1 & T2.