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Daily BNBETH UpdateBNB and ETH have been trading in a range since mid May 2021 and we are still in a very tight ranging range with neither one being able to outshine the other for a sustained period. I've had most of my "trading bank" in BNB since to last bounce off the lower support line (purple line). It does appear however that BNB is starting to build strength against ETH. It is in a local (shallow) uptrend and we are above recent MACD crossovers. RSI has also just managed to lift its head up into the green, signalling that there is a net positive sentiment for BNB over ETH. Only time will tell if it can build on this further or if ETH will stage a comeback.
by marcusdw1
BNBUSDTHello Crypto Lovers, Mars Signals team wishes you high profits. We are in the daily time frame. As you can see the price is still inside the bearish channel of the flag pattern. The price is fluctuating between the R1 and S1 line. We need to wait for the price to either go to S1 to buy or wait for it to break R1 and buy for the top of the channel which is $697. You need to wait for the price to break R1 and stabilize above it to set a buy order yet those who want to take risks can buy here or also when the price reaches S1 for the R1 line. We personally do not risk buying here. You had better wait for the price to break either R1 to buy it or wait for the break of S1 to short it. Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions. Wish you luck
by MarsSignals
Binance Coin (BNB) - January 1Welcome, traders. happy New Year!!! If you "follow", you can always get new information quickly. Please also click "Like". Have a nice day. ------------------------------------- (BNBUSDT 1M Chart) We need to see if we can continue the uptrend along the uptrend line. If it goes down from the uptrend line, it could drop near the 332.4 point, so trade cautiously. (1W chart) Above the 134.0-175.5 section: expected to continue upward trend Above 258.6 point: Expected to create a new wave. (1D chart) We need to find support at the 507.9 point and see if we can move above the 526.6 point. If it declines from the 507.9 point, it may decline to the 438.5-471.6 section, so careful trading is required. As you get closer to the 438.5-471.6 section, you need to check whether there is a sharp movement. We need to see if we can continue the uptrend with a move similar to Section A. ------------------------------------------ We recommend that you trade with your average unit price. This is because, if the price is below your average unit price, whether the price trend is in an upward trend or a downward trend, there is a high possibility that you will not be able to get a big profit due to the psychological burden. The center of all trading starts with the average unit price at which you start trading. If you ignore this, you may be trading in the wrong direction. Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to be able to regenerate themselves. ------------------------------------------------------------ ------------------------------------------- ** All indicators are lagging indicators. Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume. However, for convenience, we are talking in reverse for the interpretation of the indicator. ** The MRHAB-O and MRHAB-B indicators used in the chart are indicators of our channel that have not been released yet. (Since it was not disclosed, you can use this chart without any restrictions by sharing this chart and copying and pasting the indicators.) ** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator. Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line) ** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.) ** Support or resistance is based on the closing price of the 1D chart. ** All descriptions are for reference only and do not guarantee a profit or loss in investment. (Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.) ---------------------------------
by readCrypto
$BNBUSD DESCENDING TRIANGLE, RESISTANCE LINE, ACCUMULATION ZONE$BNBUSD entry PTs 500-514 Target PTs 935-990 and higher DESCENDING TRIANGLE, RESISTANCE LINE, ACCUMULATION ZONE AT LOCAL ZONE AND TRENDLINE Currently price trades in accumulation zone range of PTs 507-515 I think today or tomorrow, price will exit from the accumulation zone and break the resistance line of the descending triangle juncture $BNBUSD will continue to show solid uptrend Target is PTs 935-990 and higher per $BNBUSD
BINANCE:BNBUSDLong
by BADQOMOCAWGOWLD
2
BNBUSDTHello Crypto Lovers, Mars Signals team wishes you high profits. We are in the daily time frame. As you can see the price has entered a bearish channel where R2 is the upper line of the channel and S2 the lower line of the channel. The price has done well inside this channel. It once broke R2 but could not stabilize there and fell back to S1. We can say that there is a flag pattern formed and if it is able to break R2, it can move up to $1000 too provided it being able to break R2 and stabilize above it. After breaking R1, the price will be able to move toward R2. It is also possible for the price to make a pullback to S1 and then continue going up. We need to wait in any case for the price to break the channel either from the upside or from the downside to place a buy or sell order. If you want to take risks, you can buy it here or you can also wait for the price to reach S1. Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions. Wish you luck
by MarsSignals
BINANCE-COIN, Massive Ascending-Triangle!!Hello, Welcome to this analysis about Binance-Coin and the weekly timeframe perspective. The cryptocurrency market these days is shifting constantly and the divergence between certain cryptocurrencies is increasing more and more. This is why there are crypto coins that show high bullish potentials while others form more bearish setups. In this case, I detected a main bullish potential coin with Binance Coin and therefore I am explicating the main structural developments, upcoming potentials and how the whole formation finally completes. As when looking at my chart we can watch there how Binance Coin is building this huge massive paramount ascending-triangle-formation and already severely bounced within the 35-EMA in red and the 15-EMA in green within this formation. Besides that Binance Coin has a coherent wave-count within the formation reaching from A to C which has already almost been completed. Now with the finalization of the wave-C Binance Coin is testing the lower boundary of the formation and the EMA structure within there. When Binance Coins manage to bounce appropriately and bounce in the lower boundary to breakout above the upper boundary this will complete the whole formation and upper target determinations will be activated with BNBUSD setting up to a continuation. In this case, we need to watch out how BNBUSD bounces above the 660 USD level to complete the formation as it is shown in my chart, when this happens in a profound manner we can expect and prepare on the further continuations to follow up, it will be an interesting journey ahead. In this manner, thank you for watching the analysis, it will be great when you support it with a like, follow and comment for more upcoming market analysis, all the best! "Good fortune is when opportunity meets preparation." Information provided is only educational and should not be used to take action in the markets.
BINANCE:BNBUSD
by VincePrince
8
BNB 4hr Long to at least 624.6 (+13%)BNB is above the .236 fib level of the most recent drop. The .618 lines up with the 200 MA, and there is an RO-DMI Flash at $624.60. There might be an inverted H&S which the measured move from would take you back up to the .618/200 MA. May want to wait for BNB to burn off some bearish divergence in the short term. A better entry might be at around 540ish. If it can reach the 1.13 fib at $646 and if it can maintain above resistance at around $650. I would expect it to retest ATH and if it breaks that I would expect $720-800 as the next ATH.
Long
by thriftyPear5560
Binance Coin: Where Is Bottom and How to TradeToday, I offer you to look at a rather interesting coin. I'm talking about BNB which obviously has a strong project behind it. From TA point, we have a possible trade opportunity. In the daily chart, the price reached the support at 500$. Bullish setups in the hourly and daily time frames allow us to open long positions which are absolutely logical at the strong support. MACD histogram supports and possible upward movement and RSI is not far from it. So, everything looks great for the buyers! But... if we add the main sentiment of the crypto market to this coin, the bullish movement is not so reliable. Yes, we have consolidation above the strong support. It may become a starting point for a new upward movement with the main target at the ATH or around it. But for this, the price has to break the local downtrend line and move above MAs. If so, we will have a strong bullish signal. If the buyers can't push the price upward, it will confirm the bearish sentiment in the market. A breakout below the support will open the road to 450$ and MA200. Probably we will see a pullback from that support and new trade opportunities for buying. But at the same time, we should forget about the continuation of the bullish trend. The market will need much more bullish power to reverse the price and push it upward. A breakout below MA200 will confirm the trend reversal and the bearish trend. Will it be possible to buy from 360$ and 320$ support? From TA point, I think we will have bullish setups, but if the price reaches these levels, we will talk much more about the bearish trend. Long positions will be possible main for swing traders. In order to start buying as position traders, we will have to wait for the strong trend reversal signals in the daily chart. And about the bottom, I think it is 200$ support.
by DLavrov
4
BNBUSDTHello Crypto Lovers, Mars Signals team wishes you high profits. We are in the daily time frame. As you can see the price is moving inside a bullish channel. The price has hit the support line several times and received support and moved up. The price was able to break its resistance line once but could not stabilize there and had a fall. The price is now moving inside a bullish channel. If it is able to move out of this channel and break the resistance line, it can prepare itself for the second resistance line. It can also come down and touch the support line and resume going up to the resistance line. But if it stabilizes below the support line, we can expect it to have a step-by-step fall to the second support line. Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions. Wish you luck
by MarsSignals
BNB - strong buying pressure at current price levelBNB is in good position for short or even longer term trade. 3D chart is used for analysis because of better visibility of longer time period. With buying pressure present at current support level and stop loss just under recent lows, risk/reward ration is very favorable. Ever since big pump and expected dump after it, BNB is creating higher highs and higher lows. Shorter term price action created descending triangle. Usually it is pattern with bearish outcome, but here considering BNB strength in recent market uncertainties and strong buying at current level, I lean more towards the bullish scenario. For short term I'm planning trade up to the upper trendline and when it is break another one to previous ATH level. Long term holding chunk of BNB isn't part of this trade.
Long
by Philippe_0x
Binance Coin : Bull or Bear ? : $BNBThe price is in a significant support range, which is currently trading in the $ 515 range. If this important support is lost, the price target will be in the $ 415 range, and if it is not lost, the targets are marked on the chart. Follow our other analysis & Feel free to ask any questions you have, we are here to help. ⚠️ This Analysis will be updated ... 👤 Arman Shaban : @ArmanShabanTrading 📅 20.DEC.2021 ⚠️(DYOR) ❤️ If you apperciate my work , Please like and comment , It Keeps me motivated to do better ❤️
by ArmanShabanTrading
4