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Weekly forecast Binance Coin technical chart
Symbol BNBUSD
Trade Setup

#BNBUSD
Total Loss: 10650 point (260%)
Closed trade(s): 10650 point Loss

Trade Setup:
We opened 10 BUY trades @ 402.6 based on 'Valley' entry method at 2022-05-04.

Closed Loss:
SL @ 296.1 touched at 2022-05-09 with 10650 point Loss. (260%)
Loss for one BUY trade is 402.6(open price) - 296.1(close price) = 1065 point (26%)
Therefore total loss for trades is 1065 (26%) x 10 = 10650 point (260%)

#BNBUSD
Total Profit: 9839 point (312%)
Closed trade(s): 9839 point Profit

Trade Setup:
We opened 8 BUY trades @ 314.8 based on 'Valley' entry method at 2021-07-27.

Closed Profit:
TP1 @ 335.400 touched at 2021-07-31 with 206 point Profit. (7%)
TP2 @ 378.400 touched at 2021-08-11 with 636 point Profit. (20%)
TP3 @ 433.000 touched at 2021-08-16 with 1182 point Profit. (38%)
TP4 @ 486.350 touched at 2021-08-23 with 1716 point Profit. (54%)
TP5 @ 602.500 touched at 2021-11-05 with 2877 point Profit. (91%)
TP6 @ 637.000 touched at 2021-11-06 with 3222 point Profit. (102%)
2 other break-even trades closed at entry price, therefore no profit no loss.
206 (7%) + 636 (20%) + 1182 (38%) + 1716 (54%) + 2877 (91%) + 3222 (102%) = 9839 point (312%)

Trading suggestion:

  • By appearing primary signs of entering the market, new entry zone and short-term targets would be published.

DateMay 15, 2022 - 07:02
Currentdowntrend
Forecastcontinuation of downtrend

Midterm forecast:

  • 336.0 is a major resistance, while this level is not broken, the Midterm wave will be downtrend.

Technical analysis:

  • A trough is formed in daily chart at 219.0 on 05/12/2022, so more gains to resistance(s) 295.5 and maximum to Major Resistance (336.0) 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 35.

Supports and Resistances:

  1. 900.0
  2. 800.0
  3. 55.5
Click on the level to view price action history.

Symbol Released Current Forecast
Binance Coin (BNBUSD) Sun, 24 Mar 2024
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Binance Coin (BNBUSD) Sat, 24 Feb 2024