Cryptorphic

BNB/BTC 1D Bullish Finally after 275 Days!!

做多
BINANCE:BNBBTC   Binance Coin / Bitcoin
Hello my fellow traders.
A ton of Thanks for all the support.
Please like this post before you start reading this. It motivates me to work on more charts everyday for you all.

Coming back to the chart:

I’ll keep this short,
Since we hit the high of .0048134 on April 20 2019 BNB started trading under a falling wedge. The price broke out of the channel on 21st Jan 2020 which is an extremely Bullish indicator.
Secondly, It seems we might have a Golden cross soon in the near future as the 50D MA is moving towards the 200D MA.
Bullish Divergence in RSI was also noticed in the chart.

I am bullish in BNB and entered around .0018ish.. Will buy more if it dips (If case BTC goes crazy). Currently it’s retesting the trend line resistance turned support. It is under my top 5 Coins for the long term.


Hope this idea helps, if it does please shoot a follow and a like.
Thank you

#Peace

Free Telegram Daily Futures signals:- telegram.me/thecryptorphic

Join My ELITE CLUB:- bit.ly/Join_elite
免责声明

这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。