#BNB – #BUllish

In these last days of uncertainty of the #BTC the Binance Coin gains value, crossing a bullish trend on the daily chart.

Let’s start with the price chart in image 1:

Image 1: tradingview – 2018-06-01 – timeframe 1d – bnb / btc on binance

You can see:

  • ADX over 30k suggesting a very strong trend;
  • DI which in turn suggests a Bullish trend considering that the + crosses the -di upwards;
  • The parabolic sar , directly on the price chart, which suggests a Bullish trend;
  • The RSI in an oversold area that nevertheless suggests paying attention;

A possible treding strategy is therefore to buy assuming a possible price increase. It is necessary to place an appropriate stop loss at about 3% less than the current price level.

In image 2 we can see the appropriate stop loss inserted on binance:

Image 2: binance – stop loss inserted

In image 3 we can see the purchase order being an example of real trading:

Image 3: binance – purchase order

Condividi su: