Keeping a close eye on the Daily inside bar.

2019年4月22日

Observations:
1. BNB has been pulling back for the past two days, no red flags as of now just a healthy pull back to cool down the indicators.

2.Keeping an eye on the Mainnet (tomorrow) launch to see if this is going to cause by the rumors sell the news type of scenario, if so I expect bulls to defend and a bounce back given how strong this uptrend has been. This will open a the door for great entries on 1hr or more conservative 4hr RSI oversold levels.

3. 4hr exponentials holding very strongly, bulls defending every time price comes near EMA26.

4. 15min oversold RSI given good entry for quick bounces on the 1hr timeframe.


Possible trade:
Only interested in a break of the daily inside bar with a stop below the red dotted line, if we get another inside bar tomorrow I'll adjust entry and exit points.

I am not currently sitting at my computer, having said that the shorter timeframe trades are not on my radar right now, If I was I'll be waiting for oversold 15min RSI levels possibly indicating temporary bottom in 1hr chart for quick bounces.


Please share your thoughts and observations!! What do you think is coming next? Do you think the inside bar will break bearish sending BNB to weekly consolidation?? Or are the bulls going to break the $25 level and finally run free?! mmm...


Disclosure:
Please keep in mind that this are simply my ideas on the market, I am in no way shape or form qualified to give anyone any financial advise. All I'm looking for is to become a better trader with time and the only way too do this is to post what I am looking at and take criticism from those of you that been doing this for a very long time, having said that please feel free to call me out on any mistakes, or incorrect analysis the best way to learn is from each other as a community.