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BNB: The Celar Network Play

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The latest ICO will be released within the next two weeks on the Binance LaunchPad.

This ultimately means that we will see a spike on BNB coin.

Let’s look at how we can play these ranges.

Short-Term

  • Break down below $12.06 would indicate a re-test of  $11.57 as this would be playing on the 15MA
  • A bounce from $12.06 would indicate an excellent re-entry position with a move to break the local high of $12.68
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Longer Term View on the 3D:

  • We can see two large volume gaps in the local area:
    • $12.738
    • $13.588
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It is likely that if we do see a BTC fall below $3652 – we will see it dump passed $12.78 aiming for a bounce or breakdown at $12.06

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Ultimately, as can be seen by the below image on the 3D View, we can see accumulation not stopping continuing to a value close to ATH with Market Sentiment one of the largest currently.

The break past $10.27 signified a breakout from the December 2017 level

We can see that we are about to see a Golden Cross with the 55MA and 200MA crossing over, once we pass $18.16 – when this occurs we will most likely re-test and break the ATH value of $26 – however this is the Longer term view.

Levels for taking profit on the current play:

  • $15.06 or the April-June Range 2018
  • $15.94 where a large volume gap currently rests.
  • $18.29 with stop losses in profit having taken 50% profit at one of the above two values.

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FintechDaddy is relentlessly passionate in his technical Analysis for both CryptoAssets & Forex. 

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Fintech Daddy
FintechDaddy is relentlessly passionate in his technical Analysis for both CryptoAssets & Forex. Join his Charting Playground available exclusively on Telegram. There you are either a teacher or a learner. http://t.me/Chartground Stalk him on Twitter:

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