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