BNB/USD: ICHIMOKU INDICATORS ANALYSIS

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BNB/USD: ICHIMOKU INDICATORS ANALYSIS
Scenario
TimeframeIntraday
RecommendationBUY
Entry Point577.8000
Take Profit577.9200
Stop Loss577.7600
Key Levels577.6200, 577.7600, 577.8600, 577.9200
BNB/USD: ICHIMOKU INDICATORS ANALYSIS

Let's look at the four-hour chart. Tenkan-sen line is above Kijun-sen, the lines are horizontal . Confirmative line Chikou Span is approaching the price chart from below, current cloud is descending. The instrument is trading between Tenkan-sen and Kijun-sen lines. The closest support level is the lower border of the cloud (577.7600). The closest resistance level is the lower border of the cloud (577.9200).


BNB/USD: ICHIMOKU INDICATORS ANALYSIS

On the daily chart Tenkan-sen line is below Kijun-sen, both lines are directed downwards. Confirmative line Chikou Span is below the price chart, current cloud is ascending. The instrument is trading between Tenkan-sen and Kijun-sen lines. The closest support level is the upper border of the cloud (577.8600). The closest resistance level is Tenkan-sen line (577.6200).


On the four-hour chart the instrument is still rising. On the daily chart the Bearish trend is still strong. It is recommended to open long positions at current price with Take Profit at the level of previous maximum of Chikou Span (577.9200) line and Stop Loss at the level of Kijun-sen line (577.7600).


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