Binance Coin (BNBBTC) tends to move inverse to Bitcoin (BTCUSD).
Right now we see that Bitcoin might have peaked and at the same time we see a hammer candlestick on Binance Coin (BNBBTC), a bounce can happen here.
Here are the two main scenarios I am looking at:
My view: I believe we will go with the first scenario, based on the analysis described here:
Enjoyed this post? Feel free to hit like.
Thanks a lot for the support.
This is Alan Masters.
Namaste.
Right now we see that Bitcoin might have peaked and at the same time we see a hammer candlestick on Binance Coin (BNBBTC), a bounce can happen here.
Here are the two main scenarios I am looking at:
- 1) Bitcoin drops and Binance Coin (BNB) moves up, following the green arrow. A close above EMA10 would support this view.
- 2) Bitcoin goes sideways or moves up, Binance Coin continues going lower and test 0.148 Fib. level of the chart above.
My view: I believe we will go with the first scenario, based on the analysis described here:
Enjoyed this post? Feel free to hit like.
Thanks a lot for the support.
This is Alan Masters.
Namaste.
Nota
Latest Binance Coin (BNBBTC) update: 
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🚨 Get the FULL (6-in-1) PREMIUM PACKAGE
lamatrades.com —Since 2017
🚨 TOP Results: ZEC +2736% · ETH +2150%, CRO +1272%, AAVE +1134%, DOGS +868%, SOL +861%, XRP +749%, BTC +580%
More 👉 t.me/masteranandatrades/6681
lamatrades.com —Since 2017
🚨 TOP Results: ZEC +2736% · ETH +2150%, CRO +1272%, AAVE +1134%, DOGS +868%, SOL +861%, XRP +749%, BTC +580%
More 👉 t.me/masteranandatrades/6681
Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.