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Weekly forecast Binance Coin technical chart
Symbol BNBUSD

Download MT4 template file

Trade Setup
#BNBUSD
Total Profit: 28439 pip
Closed trade(s): 18512 pip Profit
Open trade(s): 9927 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.
TP4 @ 26.580 touched at 2020.09.14 with 8993 pip Profit.
1293 + 3213 + 5013 + 8993 = 18512 pip

Open Profit:
Profit for one trade is 27.514(current price) - 17.587(open price) = 9927 pip
1 trade(s) still open, therefore total profit for open trade(s) is 9927 x 1 = 9927 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.
  • If the Midterm level 22.6 is broken, we will close open trades.
  • Price may also reach 22.6, if price reaches this level, there is a second chance to get more profit and reinvest by Daily-Trading-Opportunities signals. This suggestion is not according to Trend Hunter Strategy, and depends on personal strategies.
DateOctober 6, 2020 - 19:21
Currentuptrend
Forecastcontinuation of uptrend

Midterm forecast:

  • 22.6 is a major support, while this level is not broken, the Midterm wave will be uptrend.
  • We will close our open trades, if the Midterm level 22.6 is broken.

Technical analysis:

  • While the RSI uptrend #1 is not broken, bullish wave in price would continue.
  • A peak is formed in daily chart at 29.500 on 10/01/2020, so more losses to support(s) 26.580 and minimum to Major Support (22.600) 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 56.

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, 14 Apr 2024
Binance Coin (BNBUSD) Sun, 7 Apr 2024
Binance Coin (BNBUSD) Sun, 31 Mar 2024
Binance Coin (BNBUSD) Sun, 24 Mar 2024
Binance Coin (BNBUSD) Sun, 17 Mar 2024
History
Daily-Trading-Opportunities on BNBUSD.