BNB / USDT. Ascending channel. Cycle. Wedge. Reversal zones.

15 gen 2020

Coin exchange - binance.
The main trend is an uptrend. Formed an ascending channel.
The secondary trend is a downtrend. Formed a downward wedge .

Cycle 1 is about 370 days. +700%
Cycle 2 is about 470 days. +700%
Cycle 3, if confirmed, about 570 days. +700% ?

The coin is promising for the accumulation of position, as long as the Binance exchange exists and is in the hype of the crypto trend.

ENTRANCE
1) on the breakthrough of the line of resistance of the wedge .
2) confirmation of the support of the upward channel. Support will be the rising trend line of the channel.

Stop loss
Under key support levels during your entry into the market.
Do not forget to move Stop Loss during the price increase, but take into account the volatility of the coin.
Particular attention is given to the potential reversal zone of the minor trend and the support line of the rising channel .

TARGET
All levels and algorithm of work on the chart. The coin is suitable for high-volume positional trading. +700%

6 feb 2020

Nota

There is a breakthrough of the wedge resistance line

13 feb 2020

Trade chiuso: obiettivo raggiunto

+ 58% second zone since the breakthrough of resistance reached

18 mar 2020

Trade chiuso: obiettivo raggiunto

Price reached wedge base levels.

13 lug 2020

Nota

An uptrend is developing.

20 ago 2020

Trade chiuso: obiettivo raggiunto

Long + 61%
Short + 70% (the price fell below, but the last targets were in this zone).
Long + 125%
Short + 9%
Long + 61% (the trend continues).