QubitLife

BNB: Analysis using Ichimoku 08/06/2020

Long
BINANCE:BNBUSDT.P   Binance Coin / TetherUS PERPETUAL CONTRACT
H4
The price is trading above the Ichimoku cloud by testing the border of the trend line.
RSI is in an undefined state, indicating a correction.
Conclusion:
We recommend buying from a key Fibonacci level of 61.8%.
H1
The price is below the Ichimoku cloud, indicating a local correction. RSI has formed a convergence, indicating a possible end to the correction.
Visually you can see a formed initial impulse in the direction of the older trend.
Conclusion:
We recommend buying from a key Fibonacci level of 50%, and also when reaching the RSI of oversold level.

Good luck!

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