Binancecoinusd
Is BNBUSD Heading That Way? BNBUSD and BTCUSD give me very similar vibes
This is shown through structural formations and the ability to sketch a parabolic uptrend with the recent higher lows that have been presented
The comparison is with 2017 BTC and its parabolic run
Sometimes I find it strange how moves like this can repeat themselves (supposedly)
It will be interesting to see how this plays out, and if it is actually a parabolic uptrend forming.
Above is another chart showing a comparison to BTCUSD
However this comparison is earlier in BTC's history
Price seems to have skipped a step in BTC's growth, moving straight to the parabolic uptrend that was seen in 2017.
BNB – realistic and insane targets!Hello, guys!
Let’s take a look at Binance Coin. It is looking good! Today we gonna answer the question, which target can BNB price reach?
The price now is testing the daily Supply Zone and 1 Fib extension level for the last impulse. If the daily candle will close above the Supply Zone the road to the next targets will be unlocked. 1.61 Fib ($740) is the next realistic target for the current bull run. I am going to fix 75% of position at this price. Other 25% I am goin to hold for the insane target – 2.61 Fib level ($1000!). I don’t think that there is a high probability that $1000 is going to be reach, but I am not risking too much for this funny trade.
DISCLAMER: Information is provided only for educational purposes. Do your own study before taking any actions or decisions at the real market.
BNB USDTThe supply zone is a strong support area. I don't think this area will break. In the area I indicated in the green circle, single-digit prices will work as support. for exp 400-390-380 etc.
Supply zone should be protected by following btc. If prices continue to break down within the BNB supply zone area, but btc is up-trend signaling , this zone is safe.
Rsi divergences should be checked when the price breaks below 370. In this way, you can decide on your position in fake decreases or rises.
You should also follow BTC. A safe price range is acceptable in the BTC 52-49 range.
Falling below 49 will force the supply zone of bnb.
Check support and resistance from my BTC analysis.
Because all altcoins move according to btc.
NOTE: This is not investment advice.
Binance is going to fall even more, where will the price stop?🚧Binance failed to close higher and corrected 10% after trying to make a new high. Bnb has now broken the local trend line and tested it as resistance. If the price tests the broken trendline again as resistance, it could be a good selling opportunity and the price will likely go lower. The closest area where there could be enough liquidity and Bnb will stop is the $270 level.
Write in the comments all your questions and instrument analysis of which you want to see.
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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
Binance has formed a triangle, look out for these scenarios! Yesterday Binance tried to renew the local high at $316, unfortunately, it failed, and after reaching the high BNB rolled back by 8%. A triangle is forming on the chart now, and at the moment I see two options for price movement!
1) If the price reaches the lower boundary of this triangle and trades near it, it could mean that the price is likely to break this triangle and go down, a good opportunity to enter a short position could be if the price breaks it and retests it as resistance.
2) If price rebounds and goes to the triangle's upper boundary, breaks through it, breaks through the upper boundary, and tests it as support, that would be a good opportunity to buy.
Write in the comments all your questions and instrument analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
BINANCECOIN DOUBLE BOTTOM BREAKOUT AT 305!Hi guys, this is OG back with another market 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.
BinanceCoin (BNBUSDT) is forming a potential double bottom with the neckline at 305. If price breaks above 1. 40 with strong volume , I will be looking to take a long position. Need to wait for the confirmation before entering.
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BinanceCoin (BNBUSDT) bullish inverse head and shoulders!BNBUSDT is testing the neckline of the inverse head and shoulders pattern at $355-360. Bitcoin has already broken out of the inverse head and shoulders , so lets see if BinanceCoin can follow. A break above $360 with good volume could be a good place for a long. That said, right now there is the 200MAs serving as resistance, so price needs to break through that; failure to do so could send prices lower and invalidate the inverse head and shoulders bottom breakout setup.
As always, I’m not a financial advisor, do your own research, and stay safe!
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Binance Coin recovery hits more barriers toward $360Binance Coin suffered rejection before hitting $440 last week. The bearish price action superseded a recovery move from the crash to $210 in May. As sellers regained, the bulls' focus shifted to securing higher support, perhaps at $400 and $380.
However, declines soared, with Binance Coin plunging below the 100 Simple Moving Average (SMA) and the next tentative support at $340. BNB tested support at $320 on Tuesday before a minor recovery came into the picture.
Binance Coin recovery treads on shaky grounds
At the time of writing, the Binance exchange native token is teetering at $338. A bearish cloud is hovering, conceivably due to the hurdle at the 50 SMA on the four-hour chart. Moreover, failure to hold above $340 has triggered more sell orders as bears eye another drop to $320 and $300, respectively.
The four-hour SuperTrend indicator, which follows the trend of an asset while considering the asset's volatility, has recently presented a sell signal. This call to sell appeared after the chart overlay line flipped above the price and changed from green to red. The signal implies that Ripple is in a bearish trend and traders should consider taking short positions.
The same bearish outlook has been reinforced by the Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD). The former is moving fast toward the oversold region, suggesting that the bearish grip is stiffening. Similarly, the MACD has a bearish signal accentuated by the drop below the zero line in addition to the MACD line (blue) increase the divergence under the signal line.
However, it is essential to realize that a four-hour close above $340 may see market stability return. Moreover, gaining ground past the 100 SMA will validate recovery toward $400.
Binance Coin intraday levels
Spot rate: $338
Trend: Bearish
Volatility: Low
Resistance: $340 and the 100 SMA
Support: $320 and $300
LONG $BNB Binance Targets are $730 to $850 Bears will get REKTAt this rate, it’s very tough to be bearish Binance.
I’m highly confident $BNB will hit the targets on this chart within a few months.
Now, as with any position or trade, practice good risk management. There’s a possibility that I’m wrong and I’m prepared to take a small loss if that’s the case.
However, bulls seem to be in control:
1. 4 hours Ichimoku Cloud is bullish. Price was supported by the cloud on three separate occasions and failed to break down below. Bullish TK cross. Bullish Lagging span. Green Cloud. Bullish.
2. we seem to be painting a semi-Adam & Eve type structure. These structures when confirmed at the top by a breakout have a 69% success rate and climb on average 43% in the target direction or at least a 1/1 move.
3. The overall market seems to be bullish alongside bitcoin. BTC dominance is dropping and ETH/BTC chart also paints new highs. Alts are in control.
4. The VPVR (Visible Range on the right) has painted MASSIVE support below current price and it’s unlikely we will break below this volume.
5. Price broke out above previous highs and new 4 hr candles have formed and supported above $596
Hard not to be bullish. however it is possible price breaks back down from here to stop-out any last longs.
I remain a Buyer from price ranges of 560 - 580.
My first targets will be $745 and $835 Respectively.
Also, it’s possible we see some large wicks in either direction at $745 range.
We may not even reach $835+ which I have denoted in different color lines. practice caution if you enter at that red line above or near my first target because the Risk to Reward is greater.
If you’re trading contracts or futures, be sure to set your stops and manage positions.
If you’re buying spot, now is a good time to add to your portfolio.
BNBUSDT Next Target!BNBUSDT (1H CHART) Technical Analysis Update
Resistance breakout
BNB/USDT currently trading at $600
Buy-level: $590- $600 (Wait for the retracement)
Stop loss: Below $533
Target 1: $640
Target 2: $700
Target 3: $750
Target 4: $800
Max Leverage: 2X
ALWAYS KEEP STOP LOSS...
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BNB Buy the uptrend.BNBUSDT - Intraday - We look to Buy at 507.4 (stop at 491.6)
Daily signals are bullish.
Trading close to the psychological 500 level.
We look to buy dips.
The trend of higher lows is located at 500.
A lower correction is expected.
Our profit targets will be 554.8 and 578.8
Resistance: 550.0 / 580.0 / 600.0
Support: 530.0 / 500.0 / 485.0
Binancecoin Update 2BNB has lost significant support and is now the next resistance. To continue the path to the previous peaks, it is necessary to break this resistance. But if that does not happen, the next support will be at the bottom of the channel. It remains to be seen how much buyers support this Cryptocurrency.
💡Don't miss the great buy opportunity in BNBUSDTrading suggestion:
". There is a possibility of temporary retracement to suggested support line (280.6150).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. BNBUSD 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 73.
Take Profits:
TP1= @ 309.6210
TP2= @ 348.7170
TP3= @ 381.4600
TP4= @ 418.9090
TP5= @ 471.4040
SL= Break below S2
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💡Don't miss the great buy opportunity in BNBUSDTrading suggestion:
". There is a possibility of temporary retracement to suggested support line (280.6150).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. BNBUSD 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 73.
Take Profits:
TP1= @ 309.6210
TP2= @ 348.7170
TP3= @ 381.4600
TP4= @ 418.9090
TP5= @ 471.4040
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 ❤️