The most profitable coin at the moment [BNB] [Binance Coin]
sorry, I do not understand why after publication the trend line looks broken, but you can do it yourself and check that it's not broken Binance coin at the moment is generally going against the market , compare the two pictures in my idea We see a distinct trend line , and most interesting, the volume became larger when the price became smaller In the blue circle we see the accumulation of volume , this is a bullish sign , in my opinion , if there was no dump of the market, then the coin would exceed its previous high The accumulation of volume tells us about the readiness to continue the upward movement, but for this bitcoin also must start it , I recommend buying in case bitcoin starts an upward movement Easy Money Here the trend line looks normal indicators are OK
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I got it :D The line with the angle is fixed, so it was broken
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Three blue circles show significant resistance at the level of 11.3 + 0.382 Fib Also we see an unfinished symmetrical triangle , unfinished because within it there must be 3 maximum and minimum In general this is an undefined figure , but most often the price breaks the upper resistance line
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breaking through the level at 11.3 will be a good sign
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We are above the resistance level, you need to wait for the candle to close In addition, do not forget the rule of three percent . 1)resistance level is 11.36 2)three percent of 11.36 = 0.3408 3)0.3408 + 11.36 ~ 11.7 ( sufficient level of penetration ) In other words, the buy order must be at level 11.7
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the next resistance level is 12.7
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sorry, corrected the grid, resistance level is 12.9
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I again changed the grid a bit, took the starting point as the end of the nearest correction ( so it will be much more accurate ) level of 0.618 Fib worked as a support ( look at the blue circle ) we will soon touch the resistance level ( 11.93 ) , honestly, I do not know what will happen next , purple line means a target level , but I doubt that the falling bitcoin will give such an opportunity so I recommend selling at the resistance level and then we will observe
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if suddenly you see a sharp decrease in the cost of bitcoin, then immediately sell the coin ( bnb )
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for example now :D dump of bitcoin simply does not allow to trade
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write please in PM, if anyone has participated
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we passed an important resistance level (0.382 fib ) the next objective is 17.38 , but in conditions of the generally falling market, I can not promise anything
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As I said, the drop of bitcoin prevents adequate growth
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indicators show overbought and we are close to the resistance line, correction is possible
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if the candle closes above the resistance line, then this will be a very bullish signal
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I do not like the volume, it should go with the trend and rise , the dmi indicator does not confirm the price increase and we are in the overbought zone
About bitcoin , on the hourly chart, indicators do not confirm price increases , it can be dangerous for Binance coin
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First we broke through the upper line of resistance, and then fell below , this is a bad sign of exhaustion . In the blue rectangle there are support zones ( 12 , 10 , 11 ) , the next support is the lower limit of the triangle
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I noticed on the chart a formed cup and handle , now we are forming another cup and hanlde , but this is only an assumption , wait for updates, I'll keep in touch
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handle*
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as we know the handle should not adjust the right side of the cup more than 50 % ( at the moment this condition is not violated )
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There is accumulation of volume , this is a very good bullish sign ENTRY closing of the four-hour candle above the level of 0.236 fib or 13.9$ EXIT 17.9 - 18$ STOP-LOSS 12.8$ RISKS In the case of the fall of bitcoin, the movement maybe will be canceled
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The cup and handle on the day chart The target level of cup and handle coincides with the target level of Fibonacci STATUS waiting for breakthrough of resistance line
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it's okay , don't panic Experienced players accumulate a position
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bitcoin pulls for itself , be careful
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The closing of the four-hour candle below the level of 12.4 will mean the cancellation of movement Bitcoin correction possible