Price Analysis | BAT, BNB

Price Analysis | BAT, BNB

By MadMaxx | Trader's paradise | 19 Aug 2020


Hello and welcome to another article!

In this article, I'll be going over the price analysis of BAT and BNB.

BAT and BNB have had amazing runs (that's I called here on this blog), and I am analysing then for the possibility of continuity.

If you are with me on these ones, or want to get in, grab some popcorn and let's get started!

 

BAT

515ad938b90800ae9231423a95110463eff0c7c90e9626d98eb72cb0367a4d7c.png

Prior to my last update on BAT, BAT promptly broke out of the triangle I posted and moved up over 30% as shown in the photo.

As of this moment, due to the movements of BTC, we have a retracement on the BTC pair. (DXY is bouncing so I won't trade any tickers with USD in them)

I have outlined a liquidity pool that would be phemomenal to get a long position within. (The arrow shows the area)S this work out, you can get up to 20% returns on your trade.

 

BNB

b84bf0be12a3ba871b57c9e4fef340aefdb77a4b3beb6c0eb095ee917163c83d.pngBNB also had a good breakout from the triangle which I posted a few days ago. The breakout (indicated by the arrow) was on huge volume (mostly because CZ announced DeFi news for BNB) and price is now consolidating around the mid region of the triangle.

This region should act as support for a while, so a safe entry would be to long 22.50 while searching for liquidity pools above.

RSI has also confirmed this possible scenario by also bouncing from its relative support. BNB looks ready to fly.

 

That's my analysis! If you enjoyed the post, a like and tip would be amazing.

Thanks for reading.


MadMaxx
MadMaxx

In the eternal quest for crypto fulfilment. I'm an obese frog on the internet, what I say most definitely isn't financial advice.


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