BNB.USDT (Y20.P4.E2).Macro.Timing for entrance

5 Okt 2020

Hi All,

Another crypto that is holding up strong with good macro form.

Based on the indicators, fib level, and structure so far, has a potential re-accumulation structure to go long.
Note:
> Moving averages on the daily, will act as resistance;
> 0.5 fib pullback ;
> MACD has not passed the zero level;
> Phoeix rsi's showing bullish formation on the daily, above 50%;
> Current resistance levels;
> Assumption of a bottom formation, even if BTC drops, the bottom trend line would likely be the next lower high;
> Potential inverse H&S;

Hence waiting to see what BTC does (refer to my previous post for my thesis), need to see it hold the critical level and pass the obvious resistance.

So far, its all planning at this stage, stalking.

Please give me a like or tick for this post.

Regards,
S.SAri

12 HRLY chart, note the EMA's, crossing over as well, potentially acting as support


Daily chart: William alligator indicator, another sign of a potential support level

8 Okt 2020

Catatan