BNB Recovers from Omicron Covid DropBNB seems to be recovering from the previous devastating drop caused by the Omicron Covid fear. It's been 4 candles of 4h, total of 16 hours, above the weighted Bollinger Bands and above the $604 S/R. Also, it's almost the end of November. Everybody seems to be hoping that December will be the time the overall crypto market mooning. As a major crypto, I expect BNB could "lead" the others.
Binancecoin
BNB finish or back soon to $657.5 next Hello my friends, today I want talk with you about another one pump coin in my opinion, its BNB or Binance Coin.
Want to tell you about level 602.2
today at 00;45 price bounced from this level as resistance downwards
Then AT 02;30 price made a little correction from this level TO SUPPORT LEVEL 1
In my opinion soon price will break SUPPORT LEVEL 2 (621.3)
Then we will probably see a retest and will go above ATH for around 657.5
So I think in range 600-630 is good possibility to entry BNB to make some money.
his is article not financial advice, always do your own research.
If you have any questions, you can write it in comments below and I will answer them.
And please dont forget to support this idea with your like and comment, thank you.
BNB/USD - Bullish price action despite the drop! Binance Coin broke above $600 yesterday and was giving a strong bullish signal. But the positivity was short-lived as bears took control of the price today and pushed it back below this key psychological level. Still, BNB remains about 12% up on the weekly, despite today’s bloodbath.
BNB has strong support, just above $500, and despite the current drop, it has made a higher low. It is very important to see how BNB closes today’s candle because if the higher low is maintained, then this correction might have been one more dip before higher prices are reached.
Looking ahead, the indicators for BNB are trying to curve back up on the daily timeframe, and today’s correction has delayed a possible bullish cross. The bias remains somewhat bullish for BNB as long as it holds above the key support at $516.
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BNB wants to fall more, What's the next move?#BNB Short term Analysis
BNB in going to have more correction up to lower support trend line, As you can see bear trap is expected.
603$ is a important resistance for BNB and reclaiming that level can help BNB to grow faster.
A wedge pattern has formed on the BNB chart and a breakout from upper side is expected.
BNB, Two Steps from Hell!What a disastrous day. I believe the institutions / hedge funds are the ones behind the selling pressure of the overall crypto market. I believe that we, the (self-proclaimed) geeks / nerds, are hodl-ing strong. As we need the gigantic institution to stabilize crypto position in the public, it has become a double edge sword of "price manipulation" such as this.
Anyway, BNB still has a somewhat (weak) bullish sentiment from the chart. We could clearly see two bottoms which we could use as support areas. As long as BNB are not closing below those areas, the bullish sentiment could be maintained. Of course, it would be better if it is moving above the $604 area. If both of those support areas are broken, well, all hell break loose.
N.B. Yes, I'm a fan of the musical group / orchestra Two Steps from Hell. Love their songs / scores. Are you also a fan? Which song / score that you like?
Is $TKOUSDT meant to be a Total Knock Out (TKO)?Classic cup and handle pattern is coming up for TKOUSDT, just wait for the tea to brew. Potential +160% mid term, +1457% long term. According to CoinMarketCap (2021) , Tokocrypto and the Toko Token claim to bring revolutionary technology to the financial world in Indonesia. As the first company to employ blockchain technology and hybrid token functions in a single platform, Tokocypto brings decentralized finance (DeFi) to the general public in Indonesia.
Hope we're gonna have great Q4,
RK
DISCLAIMER ON
This analysis is not financial advice. Please note that you are responsible for your own investments. This chart only represents my opinion and view about cryptocurrency market in general and may be used only for educational purposes.
$TKOUSDT Potential RoadmapAn updated outlook on Tokocrypto from my first $TKOUSDT published analysis.
1st post on (28/10/2021)
DISCLAIMER ON
This analysis is not financial advice. Please note that you are responsible for your own investments. This chart only represents my opinion and view about cryptocurrency market in general and may be used only for educational purposes.
Trade of The Week | Trend-Following Trading 🔥🔥🔥
Hey traders,
Here is a great trend-following trade that I caught on Binance Coin this week:
After a bullish breakout of a major daily resistance level, we saw its retest.
Approaching a broken supply zone I was looking for a confirmation to buy the market.
My confirmation was a triple bottom formation on hourly time frame.
I bought the market on a retest of a horizontal neckline.
Then a strong bullish rally started.
+15% of pure profit!
Did you catch this move?
❤️Please, support this idea with like and comment!❤️