₦airaland Forum

BNBUSD Update


If you can recall vividly, $215 was recommended as a good take profit point for this pair.

Buying pressure at the nearby demand area - $227 has already dashed the hope for taking major gain at $215.

Congrats to those who took profits based on private updates.

It’s worthy to note that the strong demand area is seemingly serving as a launchpad for the pair.

Except for a bearish chart pattern , the pair Northward movement is assured.

*Next resistance levels are poised at $275 and $305 price points. *

They are expected to serve as the profit-taking areas for buyers.

Decision : Buy while the pair value is low.

BTCUSD update

Yay !

BTCUSD found an acceptance near the anticipated value area - $47k.

Thanks to the mild volatility and the swift 4H MA cross-over.

They all helped buyers to secure buying swing points and obviously the long-awaited bullish structure.

At this moment, buyers are buoyed by the recent trendline break and would obviously defeat the $50k resistance .They are expected to ride the short-term trend till $52-$53k before considering another correction.

Decision rule : Securing 1 buying position now is cool , but making two buying position - @ current price and @ $49,500 is better.

BTCUSD update

Yay !

BTCUSD found an acceptance near the anticipated value area - $47k.

Thanks to the mild volatility and the swift 4H MA cross-over.

They all helped buyers to secure buying swing points and obviously the long-awaited bullish structure.

At this moment, buyers are buoyed by the recent trendline break and would obviously defeat the $50k resistance .They are expected to ride the short-term trend till $52-$53k before considering another correction.

Decision rule : Securing 1 buying position now is cool , but making two buying position - @ current price and @ $49,500 is better.

The rejection at the $50k price level is a validation that the trading area matters to both buyers and sellers.

Since a bullish continuation pattern is in place, making a conclusion that BTC blockchain traders are aiming for another high (maybe $70k) won’t be a bad idea.

Opting for an instant buy order is cool. But waiting for the retest of the observable support level: $46- $47k is better.

Cheers! The pair delivered profits accordingly.

The reversal at the profit-taking level seems to be signaling a ranging market structure.

A violation of the $248 swing/demand area can drag the pair to a major support level.

*Selling now is good. But placing a sell order below $248 price level is better by far. *

$215 is a good take profit point.

BNBUSD Update

Cheers! The pair delivered profits accordingly.

The reversal at the profit-taking level seems to be signaling a ranging market structure.

A violation of the $248 swing/demand area can drag the pair to a major support level.

*Selling now is good. But placing a sell order below $248 price level is better by far. *

$215 is a good take profit point.

BTCUSD Update

The rejection at the $50k price level is a validation that the trading area matters to both buyers and sellers.

Since a bullish continuation pattern is in place, making a conclusion that BTC blockchain traders are aiming for another high (maybe $70k) won’t be a bad idea.

Opting for an instant buy order is cool. But waiting for the retest of the observable support level: $46- $47k is better.

ETHUSD is obviously :

retracing its impulsive movement

finding a level of acceptance.

Blockchain traders can cheer at the bull acceptance @ 0.618 fib level and be optimistic for a new high.

However, it would pay the CFD traders to patiently wait for :

Observable buying structures

Test of 1200,1050 or 900 USD support level.

#deadbonewillriseagain.

BNB is creating a 2 way trading perspective - Buy sell limit option.

You can buy now and hope for profit @ 260USD.

Perhaps the trades resulted into loss , you give up @ 180 and instantly join the bears for a profit @ 140 USD

Enjoy your trading week.

#BU … Trades above $50k matters for long term buyers … sellers can only run out of steam only if the triangular pattern got smashed and overwhelmed by bullish structures…

BNB is creating a 2 way trading perspective - Buy sell limit option.

You can buy now and hope for profit @ 260USD.

Perhaps the trades resulted into loss , you give up @ 180 and instantly join the bears for a profit @ 140 USD

Enjoy your trading week.

ETHUSD is obviously :

1. retracing its impulsive movement

2. finding a level of acceptance.

Block chain traders can cheer at the bull acceptance @ 0.618 fib level and be optimistic for a new high.

However, it would pay the CFD traders to patiently wait for :

1. Observable buying structures

2. Test of 1200,1050 or 900 USD support level.

#deadbonewillriseagain.

#BU ... Trades above $50k matters for long term buyers .. sellers can only run out of steam only if the triangular pattern got smashed and overwhelmed by bullish structures...

BTCUSD : Dipping is anticipated. So, a sell till $40k is much possible!

BNB traders ! It's all about selling the pair. If the pair burst out of the rectangle and head Southward, Just SELL or wait for another dip

BNB traders ! It's all about selling the pair. If the pair burst out of the rectangle and head Southward, Just SELL or wait for another dip.

Only the support area can change the rhythm.You may wait for the 4H MA cross over

BTCUSD : Dipping is anticipated. So, a sell till $40k is much possible!

Omoolami100:
#BNBUSDT



UPDATE



BNBUSDT is making Symmetrical triangle and now we are waiting for break out.
If it break to uper side it will touch Price level 400.
And if it Breaks this to Down side it will touch Price level 100.
Keep in touch we will update further soon.






https://www.tradingview.com/x/1ca3gVg3/

Can you please check your chart again and opt for multi-timeframe analysis?

[quote author=bizzibodi post=99461908][/quote]BTC

Personally, I will advise BNBUSDt retail traders to allow transactions burst out of the box for taking any decision

Personally, I will advise BNBUSDt retail traders to allow transactions burst out of the box for taking any decision

blessStar:
hi Famoosky will send you a mail

I will be waiting

The bulls just need a stronger force to outsmart the sellers… But the sellers seem to be delaying the move so they can easily hit the 38k area. That’s not funny.

The bulls just need a stronger force to outsmart the sellers… But the sellers seem to be delaying the move so they can easily hit the 38k area. That’s not funny.

For entry points on some currency pairs, feel free to contact me via my signature

AUDUSD and gbpusd IS AVAILABLE for sell

Here is an idea you should consider for your BTCUSD trading entries

Signal for Wednesday - 06/05/2020

GBP CURRENCY PAIRS

GBPUSD -

Sell point 1 : 1.2485 TP : 1.2230

Sell point 2 : 1.2447 TP : 1.2260

GBPCAD

Sell point 1 : 1.7510 TP : 1.7300

Sell point 2 : 1.7476 TP : 1.7350

**EUR CURRENCY PAIRS **

EURUSD

Sell point 1 : 1.0862 TP : 1.0780

Sell point 2 : 1.0850 TP : 1.0780

USD CURRENCY PAIRS

USDCAD

Buy point 1 : 1.4043 TP : 1.4240

Buy point 2 : 1.4079 TP :1.4240

USDJPY : Buy @ 107.511 TP : 111.000

Please note that stop loss should be 50 pips away from entry points.