Monthly momentum is 2-of-9 and Monthly trend is 7-of-13. Lower timeframe TD Sequential reversal signals are going to be much weaker than under normal circumstances.
Breakdown:
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TARGETS: 20%: $79,000 30%: $105,000 50%: $234,000
Why?
Breakout of ATH 65K leads to 79K (127.20 Fib & 6 Month Pivots Target 3). 79K leads to 100K. 100K attracts buyers, 105K hits 161.80 Fib target. >105K price leads to 200K. 200K attracts buyers to hit 261.80 Fib target.
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Who's excited for that 9?
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For those wanting to add or take a swing trade, we could have a 5% pullback here.
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This is also a 9/13 combo Sell Setup.
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+28% to Target 3. Are you ready? :)
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Not a bad time to take money out of the market and rebuy lower.
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In BNB
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I'd say odds of falling to Pivot levels are quite good.
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GET OUT. BEARISH DIVERGENCE ON HEIKIN ASHI WEEKLY.