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Weekly forecast Binance Coin technical chart
Symbol BNBUSD
Trade Setup

#BNBUSD
Total Profit: 6080 point (204%)
Closed trade(s): 1296 point Profit
Open trade(s): 4784 point Profit

Trade Setup:
We opened 11 BUY trades @ 296.7 based on 'Valley' entry method at 2022-09-11.

Closed Profit:
TP1 @ 307.5 touched at 2022-10-29 with 108 point Profit. (4%)
TP2 @ 337.0 touched at 2022-10-31 with 403 point Profit. (14%)
TP3 @ 375.2 touched at 2022-11-08 with 785 point Profit. (26%)
108 (4%) + 403 (14%) + 785 (26%) = 1296 point (44%)

Open Profit:
Profit for one BUY trade is 356.5(current price) - 296.7(open price) = 598 point (20%)
8 trade(s) still open, therefore total profit for open trade(s) is 598 (20%) x 8 = 4784 point (160%)

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 300.0 is broken, we will close open trades.

DateNovember 5, 2022 - 11:00
Currentuptrend
Forecastcontinuation of uptrend

Midterm forecast:

  • 300.0 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 300.0 is broken.

Technical analysis:

  • While the RSI uptrend #1 is not broken, bullish wave in price would continue.
  • A trough is formed in daily chart at 263.5 on 10/21/2022, so more gains to resistance(s) 375.2, 425.0, 460.0 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 83.

Take Profits:

  1. 307.5
  2. 337.0
  3. 375.2
  4. 460.0
  5. 506.2
  6. 563.6
  7. 656.4
  8. 692.0
  9. 800.0
  10. 900.0
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