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#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.
by Cryptbergofficial
BNBBTCHello Crypto Lovers, Mars Signals team wishes you high profits. We are in the daily time frame. We had an R1 line which the price broke it. There is also an S1 line which the price hit twice and could not break it but it was broken on the third try. The price has made a pullback to this line too and now is fluctuating above it. You can buy it from here for the R1 line. Or you had better wait for the price to hit the S1 line again and buy there for the R1 line. If the price goes below our S1 line, then it would fall further. If the R1 line is also broken then higher targets will be aimed. 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
BinanceCoin (BNBBTC) Potential Rejection and Short!Hi guys, this is OG back with another Bitcoin update. If you find value in my work, please do like, share, and comment. And also feel free to share your ideas and technical analysis in the comments below. BNBBTC is testing the 200MAs on the 1H timeframe for the 1st time since price broke down from the 200MAs. Price typically bounces on the first retest of the 200MAs after an extended move. There is initial rejection right now, but I am waiting for price to close below 0.009340 with strong volume before opening up a short position. Check out my technical analysis videos for more in-depth analysis and trade setups for Bitcoin, Ethereum, and Altcoins. Why follow? 1. Community of Technical Analysts sharing analysis and trades 2. Live tracking of whale wallet movements 3. Live update of the latest important news 4. Live syncing of popular crypto tweets 5. Ebook covering how to be profitable in the cryptocurrency market As always, I’m not a financial advisor, all information presented is for educational purposes only and not meant as financial or investment advice, do your own research, and stay safe!
Short
by cryptotraderog
💡Don't miss the great buy opportunity in BNBBTCTrading suggestion: ". There is a possibility of temporary retracement to suggested support line (0.0012860). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . BNBBTC is in a range bound and the beginning of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 66. Take Profits: TP1= @ 0.0013510 TP2= @ 0.0013920 TP3= @ 0.0014450 TP4= @ 0.0015000 TP5= @ 0.0015700 TP6= @ 0.0016700 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex trader ? Now, It's your turn ! Be sure to leave a comment let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity_World
6
This is why The Binance Coin (BNB) Won’t Stop Bullish RallyHey friends hope you are well and welcome the new update on Binance coin. As in my previous post on BNB, I showed that the priceline of BNB coin has formed different harmonic patterns in US Dollar market and the Bitcoin market as well. Now finally by the grace of Allah the most high the price action has moved up and surged more than 98% and both ideas are executed perfectly as per their Fibonacci sequences as below: Previous article’s Gartley move with US Dollar pair: Previous article’s BAT move with Bitcoin pair: On small time period 4-hour chart, since 27 Sep the priceline was moving in a bullish pennant. Now finally it has broken out the resistance and likely to move down to retest the previous resistance of the pennant as support. The priceline of Binance coin is moving above simple moving averages with the time period of 25, 50, 100 and 200 and using these SMAs as support very well before the next rally. On long term weekly chart the priceline is moving in an up channel as below: On weekly chart it can be observed after March 2020 the price line of BNB has surged more than 420% and broke out the ichimoku bearish cloud. At this time the lagging span of ichimoku cloud is moving above the price action and the cloud as well. The conversion line has crossed up the baseline and this bull cross is still in play below the candlesticks of Binance coin price chart. The Ichimoku cloud is also turned bullish. Conclusion: All indicators and patterns from daily to long term charts are giving bullish signals. However, we should use the support of the up channel on weekly chart as stop loss to minimize the risk facor.
Long
by moon333
1
BNB/USD ANALYSIS (TAKE PROFIT TARGETS OVER $20!)BNB/USD BNB has finally broken up, following the BTC wave and market money inflow. BNB is a very strong alt coin though and a top performer. With that, 50 and 100 MA were broken. At this point, BNB is overbought and a small correction is likely. Ideal buy in entry is from $15-16. This zone should turn to a local support and bounce off this would be perfect for a long shot back to T1 at $18.10. A break of this high will put BNB at T2 of $19.20 and on to T3 at $20.45. I recommend bag holders as well to enter, as I expect the short term resistance block to eventually be broken and my outlook long term is price target of $28. BUT short term look to exit at the provided take profit points! Possible Entries: $15.25-16.50
Long
by altchicasignals
BNBBTC formed bullish BAT on 2 week chart | Upto 152% expectedPriceline of BNB / Bitcoin cryptocurrency has formed a bullish BAT and it is entered in potential reversal zone to hit the sell targets soon insha Allah. This PRZ area should be used as stop loss point in case of complete candle stick closes below this zone. Price action is also hitting the 50 simple moving average support. Volume profile is showing less interest of traders here, but Stochastic is oversold and did not give bull cross and MACD is strong bearish so for secure trade we can wait for MACD to turn weak bearish or for stochastic to give bull cross then buy. I have used Fibonacci sequence to set the targets: Buy between: 0.0020008 to 0.0016403 Sell between: 0.0028524 to 0.0041344 Regards, Atif Akbar (moon333)
Long
by moon333
7
BNBBTC has formed a bullish shark | A good long opportunityPriceline of Bincance Coin / Bitcoin cryptocurrency has formed a bullish shark pattern. Even though the price action has already hit the sell target area which is the Fibonacci projection of C to D leg, but if the MACD will give weak bearish signals then the price action can enter proper in sell target zone again. Targets are: Buy between: 0.0025990 to 0.0025759 Sell between: 0.0026227 to 0.0026732 Regards, Atif Akbar (moon333)
Long
by moon333
BNBBTC has formed shark | Upto 60.50% expectedThe priceline of Binance Coin cryptocurrency has formed an bullish shark pattern and entered in potential reversal zone. The volume profile of complete pattern is showing less interest of traders below 0.0025507 stas where the price action has already touched and moved up and from here the priceline can hit the sell targets soon insha Allah. The targets are: Buy between: 0.0029531 to 0.0025507 Sell between: 0.0033014 to 0.0040953 Regards, Atif Akbar (moon333)
Long
by moon333
BNB showing a little weaknessBnb continues to show some weakness vs BTC. It fell below the .004 area it bounced from numerous times before which isn't a great sign. It is slowly grinding down, and could be a sign that a move to .0036 is potentially coming. Resistance continues to be .0044. On lower timeframe charts you can watch to see if .004 does become old support turned resistance, which is looks like it maybe have done on the 1hr chart. This is bearish, and does help confirm a move to .0036 is potentially very likely.
by CoinsightGhost
BNB - Where's The Top? - Part IIIn my last BNB analysis, I suggested that we could actually continue up within this large bullish channel against Bitcoin, and head towards the 50000 level. We're inching closer now, while weekly RSI is way overheated and the Ultimate Oscillator is entering the sell zone. Additionally, we appear to be hitting a resistance line within the channel. I thought we could make an attempt at 50000, but I think it's possible we simply correct now. This would mean we could drop to the bottom of the channel. Ideally I'd like to see BNB find support in the 23000-26000 previous major resistance area if this happens. However, BNB has continued to defy my expectations and avoid a bigger correction, so if we push up towards 50000, there's a chance we could venture further to the top of the channel - actually around 0.01, or more conservatively, to the next trendline resistance (green). Even if this does happen, I see this as a sellers coin, starting now. In my opinion, it is no longer time to buy, but time to decide when to sell - since the upside may be 100% from here, but the correction if that happens will likely be very long, and have us dropping to an area perhaps lower than we are now. This is just my opinion based on what I'm seeing. Not financial advice, and this is not a recommendation to buy or sell. I am not a professional. I may be completely wrong, and that's okay. I don't hold a position in BNB at this time, I'm just curious to see if this channel has any merit, and if my idea plays out. -Victor Cobra
Short
by VictorCobra