There is a trading opportunity to buy in BNBUSD

21 jul 2020

Midterm forecast:
. While the price is above the support 15.015, resumption of uptrend is expected.
. We make sure when the resistance at 18.880 breaks.
. If the support at 15.015 is broken, the short-term forecast -resumption of uptrend- will be invalid.

Technical analysis:
. The RSI downtrend #1 is broken, so the probability of resumption of uptrend is increased.
. While the RSI uptrend #2 is not broken, bullish wave in price would continue.
. A trough is formed in daily chart at 16.500 on 07/16/2020, so more gains maximum to Major Resistance (18.880) is expected.
. Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
. Relative strength index (RSI) is 59.

Trade Setup:
We opened 5 BUY trade(s) @ 17.713 based on 'Valley' entry method at 2020.07.21.

Take Profits:
TP1= 18.880
TP2= 20.800
TP3= 22.600
TP4= 26.580
TP5= Free

❤️ If you find this helpful and want more FREE forecasts in TradingView

. . . . Please show your support back,
. . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!

❤️ Your Support is very much 🙏 appreciated!❤️

💎 Want us to help you become a better Forex trader?

Now, It's your turn!
Be sure to leave a comment let us know how do you see this opportunity and forecast.

Trade well, ❤️
ForecastCity English Support Team ❤️