BNB/BTC is trading above the 10/20/50/100 daily MA's (moving averages) and could be setting up for a run to the 200 MA around 16700. We can see we are getting some of those bullish MA cross-overs (20/50 cross, setting up now for a 10/100 cross.) BNB is also having a coin-burn on January 19th (or earlier possibly) if my source is correct, so that may help to push the value up higher. Overall, this coin has a lot of bullish factors in play. There is a chance BNB could pull-back a bit before moving up higher. I think a stop below the 50 day MA is pretty safe, especially with how the TA looks and with the coin-burn coming up within the next month. We can also see on the RSI we got a break-out of a triangle pattern to the upside.
Moving average guide (all on the Daily time-frame):
10 MA in Orange
20 MA in Pink
50 MA in Green
100 MA in Yellow
200 MA in Red
Entry: 14650-15250
Target 1: 16500
Target 2: 17800
Target 3: 19800
SL: 13750
Source for coin-burn date: kryptocal.com/event/3177/binance-coin-bnb-coin-burn
--This is not financial advice. Always do your own research and come to your own conclusions before buying/investing, as investing in cryptocurrencies comes with high risk and high amounts of volatility .
If my post was helpful, and you'd like to support me and my techinal analysis, donations are very much appreciated:
BTC: 3JA2z6FkxDhEHo5ncMEHHGLx78dzzwC1KH
ETH: 0x61DF878e5436530122f1A303e095dBd344502228
LTC: MVDbAhm2yoyCzeRnayMN61oZp75MZ5SZVj
Many thanks! :)
Moving average guide (all on the Daily time-frame):
10 MA in Orange
20 MA in Pink
50 MA in Green
100 MA in Yellow
200 MA in Red
Entry: 14650-15250
Target 1: 16500
Target 2: 17800
Target 3: 19800
SL: 13750
Source for coin-burn date: kryptocal.com/event/3177/binance-coin-bnb-coin-burn
--This is not financial advice. Always do your own research and come to your own conclusions before buying/investing, as investing in cryptocurrencies comes with high risk and high amounts of volatility .
If my post was helpful, and you'd like to support me and my techinal analysis, donations are very much appreciated:
BTC: 3JA2z6FkxDhEHo5ncMEHHGLx78dzzwC1KH
ETH: 0x61DF878e5436530122f1A303e095dBd344502228
LTC: MVDbAhm2yoyCzeRnayMN61oZp75MZ5SZVj
Many thanks! :)
Note
Bitcoin is running the party a bit...Trade closed: target reached
Target 1 has been hit.Trade closed: target reached
All 3 targets have been hit.
FTX US: ftx.us/
Sign up for Binance US here: binance.us/?ref=35000668
Sign up for Binance US here: binance.us/?ref=35000668
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
FTX US: ftx.us/
Sign up for Binance US here: binance.us/?ref=35000668
Sign up for Binance US here: binance.us/?ref=35000668
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.