BNB middle-term trade, good entry point on this weekendThe BNBUSDT price is behaving well, BNB buyers show that they are in control of the situation on the market, and the price itself is 30% above the minimum, which was set in June 2022.
Such a combination of facts taken from the BNBUSDT price chart provides good conditions for placing an order to enter a long position under the following conditions:
Entry $273,4 - 276,6
Stop $256,3
Take profit $331,4 (+20,5%)
P/L ratio 3/1
By the way, the trade that we published last weekend received a very accurate entry into a long position of BTCUSDT and is now in the process of being worked out
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Binancecoin
#BNBUSDTTrade setup: Following a bullish breakout from Sideways Channel ($260-$300), price has reached our target of $340. Now it’s getting very overbought (RSI > 80) and could pull back. (set a price alert).
Trend: Uptrend on Short- and Medium-Term basis and Downtrend on Long-Term basis.
Momentum is Bullish but extremely overbought. ( MACD Line is above MACD Signal Line). RSI is bullish (> 55) but extremely overbought (> 80) which could imply that price could briefly pause or pull back if it reaches Resistance.
OBV (On Balance Volume): is rising, indicating that volume on Up days is greater than volume on Down days. Hence, demand (buyers) exceeds supply (sellers).
Support and Resistance::Nearest Support Zone is $300 (previous resistance), then $270. The nearest Resistance Zone is $340, which it broke, then $400.
🔥RETAILERS PANIC: IS DUMP coming? BNB return to my entry point!Hi friends! BNB Chain team confirms $100M+ stolen as a result of an on-chain hack, $7 million of which was frozen.
Due to this, BNB fall by -5% which is usual correction on crypto market. You can see a lot of confirmation of panic selling. The unusual volume growth on the volume indicator. As far as you understand, if someone sells crypto, someone buys it. Whales could buy a lot of Binance coins there. Do we need to join them?
✅The price of BNB make +7% after the last idea and almost reach my first target, but after the bad news price return to the entry point again!
Now it is the another chance to open a long trade from with the amazing possible profit!
📊 Preconditions to open long:
🔥 liquidation of the weak hands and panic among the retailers which is already happen
🔥 volume growth confirms that a lot of buyers support the price
🔥 squeeze to the local trendline
🔥bullish BTC pull all the altcoins up
🚩 I use DOM and Footrpint to identify the whales and open a trade with them. I like this scalping tools because it can help to open a swing trades as well. The succesfull swing trade with short stop loss and 1:20RR.
📊 The targets are the same:
1. $300 - the closest key level
2. $337 - next resistance and key level
3. $380-400 - value area, mid term target according to the massive bullish flag
I don't think that the price will go lower because Binance is the largest crypto exchange and they even cover the loss of $100M. But Binance already announce that block thieves wallets and possibly even return this money soon.
Another chance for us to make $
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P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade
BNB Holders, Attention❗⚡I want to congratulate to CZ and his team for building such a productive ecosystem that has worked perfectly during the Bear Market. Today we're going to discuss BNB/BTC chart on Weekly time-frame.
At first glance at the chart, you can find out not only BNB wasn't bearish in bear market comparing to Bitcoin, but also it has acted super bullish. BNB has has grown more than 1300% since January 2021.
The beautiful part is where you look at the date when BTC has reached it's ATH (The date is marked on the chart) after that, market has started to crash but BNB still continued it's growth.
My Trading Culture :
1. I will never buy after multiple Green candles, instead I look for sell or short positions.
2. I will never sell after multiple Red candles, instead I look for buy or long positions.
According to the above points, I have a great news for BNB holders. After these strong pumps and multiple green candles in BNB/BTC, now I'm looking for take profit / sell areas. By the way, I unstaked my BNBs yesterday to make them ready to sell them for Bitcoin .
Now, let's head to chart to find out where are my exit points. You can see a Fibonacci Extension drawn with "A1", "B" and "C" (Let's call it "Fib1" ). This is my first and strongest pivot or returning area, so I call it " My 1st Take Profit " and will sell most of BNBs and swap them with BTC.
Let's see what else do we have on the chart,
1. There is a yellow ranging channel that is broken upwards. The target of this channel is as wide as it's width, you can see it as the blue marker on the chart. The important thing is that, this target overlaps with 1.272 Fibonacci level for our "Fib1" (mentioned earlier). By this, I can come to this conclusion that 0.017 is a strong Resistance/PRZ .
2.Let's look at another Fibonacci extension, drawn with "A2", "B" and "C" (I call it "Fib2" ). You can see the Fib2's 1 Fibonacci level is so close to our above PRZ around 0.017.
By combining the two points above, we can draw our second green area (It's called " My 2nd Take Profit " on the chart). This is a very strong and important possible turning point for Binance coin comparing to Bitcoin and I will sell all my remaining BNB if the price hit this area and swap them into Bitcoin the King of cryptocurrencies.
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This was my own strategy about BNB in my bag, I hope you enjoyed it. Feel free to ask any question you have and also share your own ideas about BNB in the comment section.💖
Don't forget to like this idea if you liked it👍
BNBUSDT, At resistance zone. Binance coin. UpdateHello my friends. This is an update of previous analysis (blow link). Everything is clear on the chart for you like always, BNB has better condition than other coins and tokens. For now to safe buy its better to wait for breakout and fixation above 337$. and we are under this sensitive zone and strong resistance.
Good luck.
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DOGECOIN : Wow , +190% ? 🤐As you can see, in the last week, Dogecoin has grown by more than 190% and now it has reached a very important level! From 15 to 18 cents, it is one of the appealing ranges for short-term traders to save profit! The next important levels for medium-term traders are 26 cents, 34 cents and 42 cents, respectively, and the long-term target of this cryptocurrency will be its ATH, i.e. 75 cents!
Follow me for more analysis & Feel free to ask any questions you have, I'm here to help.
⚠️ This Analysis will be updated ...
👤 Arman Shaban : @ArmanShabanTrading
📅 11.01.2022
⚠️(DYOR)
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BNB/USDT - Possible Scenarios 🛠Some BNB/USDT thoughts on the 4H. Either way, not looking to take any trades until after the FOMC. Might be wise to sit on your hands until we get a clearer picture of how Q4 will likely play out.
Thought we'd do a quick BNB/USDT breakdown nonetheless. BNB is one of our favorite Top 10 coins that we believe has strong upside in the long term. 📈
Both these scenarios depend on the macro trend, but anything below $297 we'll be looking to pick up for long term HODL.
Bear or bull, we'll be sharing our trade thoughts daily here on TradingView!
Stay safe our there.
-TucciNomics
Chief Overlord, AlgoBuddy
BNB bearish trade in 4h chartMany cryptocurrencies are in important levels ( in the majority of the cases resistance) in the case of BNB we're in a resistance and this one starts from 288 to the psychologic number 300.
in lower TMF like 30m the entry for a short trade would be between 288/291.
And as you can see the stop loss in this case is more short because BNB isn't too volatile thats why
BNBUSDT - Buy Setup!BNBUSDT (1D Chart) Technical analysis
BNBUSDT (1D Chart) Currently trading at $286
Buy level: Above $285
Stop loss: Below $251
Target 1: $298
Target 2: $335
Target 3: $402
Target 4: $450
Max Leverage 2x
Always keep Stop loss
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Binance Coin Analyze☕️(Short term, 10/18/2022)☕️!!!Today I want to invite you to a ☕️cup of coffee☕️ with mark Binance. Do you accept my offer?
It seems that Binance Coin has formed a Cup and Handle pattern in the one-hour time frame. After the failure of the pattern handle, we can expect the growth of Binance Coin to at least PRZ(Price Reversal Zone).
It should be noted that the Cup and Handle pattern is a continuation pattern.
Binance Coin Analyze, ( BNBUSDT ), Timeframe 1H⏰.
Do not forget to put Stop loss for your positions (For every position that you want to open).
Please follow your strategy, this is just my Idea, and I will be glad to see your ideas in this post.
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Binance Coin BNB 3 Weeks ForecastOn November 8th we will have the Midterm Elections in the U.S.
I think we will see a 3 week rally ahead of the elections, followed by a sharp decline afterwards.
The small bull run should start this week!
BNB/USDT
Entry Range: $265 - 275
Price Target 1: $285
Price Target 2: $304
Price Target 3: $326
Stop Loss: $250