BNBBTC Rather BULLISH THOUGH VERY VOLATILE SET STOPLOSSES
Technical Analysis Forecast for Short-Mid on BNBBTC is as follows:
As always 18465s is your main figure, the STOP loss you should set before making any other bold moves
On the short-term; I'm very BULLISH on BNB, and 19480 is looking like a low risk low reward safe target for now yet if you're a more aggressive trader by all means wait to see how/if we retest the support needed to cross to next resistance threshold; as always be very careful with pairings as they can be tricky indicators can mislead you as BTC needs to parallel BNB priceaction for steady growth HENCE why I cannot stress enough the need for stop-losses!
Overall, BNB is a safe investment -- being in the top 25 market cap; the largest exchange on Earth, there was a time barely 2Q ago where BNB was hovering around a mean price range of 24-26$ and even at that price its still considered bullish, with plenty of room for growth as more users adopt crypto/learn about blockchaintech.
BNB has and always will be a major portion of my portfolio -- I support CZ, the charity initiatives by Binance Angels & Academy, & the lack of greed by the development team as men like CZ are genuinely interested in global adoption & not lining their pockets.
I would highly recommend an entry to all you EMA[8,12,15,20,] swing-traders if you're not HODLing already.
Not Financial Advise.
Happy Holidays / New Years!!
m.T.
As always 18465s is your main figure, the STOP loss you should set before making any other bold moves
- TP1-3 is labeled accordingly with green horizontals with 19480s as your SHORTSELL TP1
- TP2 & TP3 == 20710sats // 20898sats respectively, CONTINGENT on whether we can break S1R1 S2R1 S2R2 as indicated by yellow resistance horizontal & blue pivot/support horizontal.
On the short-term; I'm very BULLISH on BNB, and 19480 is looking like a low risk low reward safe target for now yet if you're a more aggressive trader by all means wait to see how/if we retest the support needed to cross to next resistance threshold; as always be very careful with pairings as they can be tricky indicators can mislead you as BTC needs to parallel BNB priceaction for steady growth HENCE why I cannot stress enough the need for stop-losses!
Overall, BNB is a safe investment -- being in the top 25 market cap; the largest exchange on Earth, there was a time barely 2Q ago where BNB was hovering around a mean price range of 24-26$ and even at that price its still considered bullish, with plenty of room for growth as more users adopt crypto/learn about blockchaintech.
BNB has and always will be a major portion of my portfolio -- I support CZ, the charity initiatives by Binance Angels & Academy, & the lack of greed by the development team as men like CZ are genuinely interested in global adoption & not lining their pockets.
I would highly recommend an entry to all you EMA[8,12,15,20,] swing-traders if you're not HODLing already.
- Disclaimer
Not Financial Advise.
Happy Holidays / New Years!!
m.T.
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