BNBBTC - Possible SWING Opportunity

6 ago 2018

So it seems BNB is a great BTC hedge.

• Current channel has been respected since Dec. 17
  
• Break of channel in late July was engulfed, with decent rising volume the following day, showing support.
  
• MACD Cross looking very positive.
  
• Daily chart above 200 MA and 21 EMA, current waiting for cross above 50 MA.
  

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Looks like we can bounce to the heart-line of the channel, around 23400 sats.

If BTC keeps falling after that, 31000 sats is very possible.

Peace,



DISCLAIMER:
MY IDEAS ARE JUST OPINIONS, NOT FINANCIAL ADVICE. I LIKE CHARTS, THIS IS JUST FOR FUN...