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Crypto Market Update:

CRV, FTM, BNB, ATOM, LUNA

Our Curated Charts have highlighted couple of pending bullish breakouts: CRV and BNB.

Two other breakout trades were identified yesterday: FTM and ATOM, which are already trading up today 10% and 7%, respectively.

It pays to pay attention.

In today’s video, we review trade setups for these coins but also create an awesome market screen that identifies coins in an Uptrend that have had a recent bullish momentum inflection. Among the results were LUNA, AVAX, and MANA.  Follow the steps to create it for yourself!

We also share a couple of other useful tips on how to use the platform like how to quickly create price alerts for pending breakouts and how to leverage Signals Summary section.

Binance (BNB) – technical analysis:

Trade setup: Trading in a Descending Triangle.

BNB is consolidating in a Descending Triangle pattern, formed by a horizontal support trendline at $500 and a downward sloping resistance trendline.

The triangle is reaching a pinnacle, which indicates that a breakout is imminent.

Which way will it break out? Typically, breakouts happen in the direction of the overall trend, which in this case is an Uptrend (long-term horizon).

However, we don’t anticipate breakouts, we wait for price to tell us….wait for a breakout.

Bullish breakout above $530 could carry price to $600-670.  (set a price alert)

Bearish breakout below $500 could lead to a dip to $450 support (also 200-day MA).

That’s favorable risk-reward-ratio (RRR) of 1:2 (risk $50 and potential risk $100+).

We teach these trading techniques and risk management in our Trading Education Program (10 webinars + 3 months of Premium plan).

Watch Daily Videos about Crypto market Updates on altFINS YouTube channel.