#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

#LOOM to the moon?

#LOOM is a new Crypto that was listed on Binance yesterday (2/05/2018) whose price is immediately rising. Will it be a new discovery like #EOS and #ONT?

The price, starting from 0.00005101 Btc is today at about 0.00005450 as you can see in image 1 :

Image 1 : Tradingview – 03-05-2018 – timeframe 1h – Loom / btc on binance

The interest has been triggered by the fact that many crypts, just listed on binance, suffer a substantial depreciation, as opposed to #LOOm which is even uphill.

It is still too early to be able to do a real technical analysis, moreover the price is still very variable. It could however be interesting to follow it closely and possibly invest a small amount.