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Weekly forecast Binance Coin technical chart
Symbol BNBUSD

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Trade Setup
#BNBUSD
Total Profit: 23045 pip
Closed trade(s): 9519 pip Profit
Open trade(s): 13526 pip Profit

Trade Setup:
We opened 5 BUY trade(s) @ 17.587 based on 'Valley' entry method at 2020.07.21.

Closed Profit:
TP1 @ 18.880 touched at 2020.07.24 with 1293 pip Profit.
TP2 @ 20.800 touched at 2020.08.03 with 3213 pip Profit.
TP3 @ 22.600 touched at 2020.08.05 with 5013 pip Profit.
1293 + 3213 + 5013 = 9519 pip

Open Profit:
Profit for one trade is 24.350(current price) - 17.587(open price) = 6763 pip
2 trade(s) still open, therefore total profit for open trade(s) is 6763 x 2 = 13526 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.

DateSeptember 2, 2020 - 15:26
Currentuptrend
Forecastcontinuation of uptrend

Midterm forecast:

  • 17.3 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 20.930 on 08/25/2020, so more gains to resistance(s) 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 64.

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) Sun, 24 Mar 2024
Binance Coin (BNBUSD) Sun, 17 Mar 2024
Binance Coin (BNBUSD) Sun, 10 Mar 2024
Binance Coin (BNBUSD) Sun, 3 Mar 2024
Binance Coin (BNBUSD) Sat, 24 Feb 2024