BNB c-wave failure plus CMF bear divergence
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.
交易开始:
评论:
评论:
Potential scenario in case of price action sustains the channeling formation 5-3-5-3-5, leading to complete the wave -A.
评论:
评论:
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.
评论:
评论:
评论:
How much profitable will be the wave -iii?
交易开始:
评论:
Levels to watch. 1st TP at the local support (circle) is on the table.
评论:
评论:
评论:
Likely a bull trap.
评论:
评论:
评论:
评论:
