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Weekly forecast Binance Coin technical chart

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Trade Setup
Total Profit: 6891 pip
Closed trade(s): 1167 pip Profit
Open trade(s): 5724 pip Profit

Trade Setup:
We opened 5 BUY trade(s) @ 17.713 based on 'Valley' entry method at 2020.07.21.

Closed Profit:
TP1 @ 18.880 touched at 2020.07.24 with 1167 pip Profit.

Open Profit:
Profit for one trade is 19.144(current price) - 17.713(open price) = 1431 pip
4 trade(s) still open, therefore total profit for open trade(s) is 1431 x 4 = 5724 pip

Trading suggestion:

  • We have already opened Buy trades, based on Trend Hunter Strategy, trade setup is drawn on the chart and shows entry and targets.

DateJuly 25, 2020 - 22:49
Forecastcontinuation of uptrend
Last weekBullish

Midterm forecast:

  • 15.015 is a major support, while this level is not broken, the Midterm wave will be uptrend.

Technical analysis:

  • The RSI downtrend #1 is broken, so the probability of continuation of uptrend is increased.
  • While the RSI uptrend #2 is not broken, bullish wave in price would continue.
  • A trough is formed in daily chart at 16.500 on 07/16/2020, so more gains to resistance(s) 20.800, 22.600, 26.580 and more heights is expected.
  • Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
  • Relative strength index (RSI) is 69.

Take Profits:

  1. 18.880
  2. 20.800
  3. 22.600
  4. 26.580
Click on the level to view price action history.

Symbol Released Current Forecast
Binance Coin (BNBUSD) new Mon, 10 Aug 2020
Binance Coin (BNBUSD) free Sun, 2 Aug 2020
Binance Coin (BNBUSD) free Sat, 25 Jul 2020
Binance Coin (BNBUSD) Tue, 21 Jul 2020