BNBUSDT: Bullish Divergence Gives Buy Opportunity
How should the perfect buy opportunity look like, if we talk about a trend reversal?
Here is an example for you that can be used with any timeframe and in any market.
The same setup as it is in other markets. The market formed a bullish divergence, which gives us a trend reversal signal.
If we look at the 4H chart, we will see the price at the downtrend line. We have a local downtrend. If the price breaks the downtrend line, the trend reversal will be confirmed. It will give us a new buy opportunity.
Of course, the trend reversal signal does not mean that the market must move upward. If Bitcoin falls, this market also will move downward.
If so, I would like to draw your attention to a support zone formed by 20.00 support and SMA200. The price action at this zone will be able to provide good trade opportunities.
Binance Coin is a rather interesting market with good potential. It is in my crypto portfolio. What about you?
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
Here is an example for you that can be used with any timeframe and in any market.
The same setup as it is in other markets. The market formed a bullish divergence, which gives us a trend reversal signal.
If we look at the 4H chart, we will see the price at the downtrend line. We have a local downtrend. If the price breaks the downtrend line, the trend reversal will be confirmed. It will give us a new buy opportunity.
Of course, the trend reversal signal does not mean that the market must move upward. If Bitcoin falls, this market also will move downward.
If so, I would like to draw your attention to a support zone formed by 20.00 support and SMA200. The price action at this zone will be able to provide good trade opportunities.
Binance Coin is a rather interesting market with good potential. It is in my crypto portfolio. What about you?
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
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