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Weekly forecast Binance Coin technical chart
Symbol BNBUSD
Trade Setup

#BNBUSD
Total Profit: 1296 point (44%)
Closed trade(s): 1296 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%)
8 other break-even trades closed at entry price, therefore no profit no loss.
108 (4%) + 403 (14%) + 785 (26%) = 1296 point (44%)

Trading suggestion:

  • By appearing primary signs of entering the market, new entry zone and short-term targets would be published.
DateNovember 21, 2022 - 13:40
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 256.5, beginning of uptrend is expected.
  • We make sure when the resistance at 361.5 breaks.
  • If the support at 256.5 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • A peak is formed in daily chart at 361.5 on 11/05/2022, so more losses minimum to Major Support (256.5) is expected.
  • Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
  • Relative strength index (RSI) is 42.

Supports and Resistances:

  1. 55.5
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.