Binancecoinusd
BNBUSDT potential for another leg lower seen. Level to watch..Price is bouncing off at the 50% retracement of the strong breakout rally from 16-FEB, but is currently stalling at around 300 which I think is a local resistance area that the bulls need to clear as a bullish signal.
Sure there is always a possibility of another leg down even if we see 300 break but the probability is reduced.
After 300 breaks, we will want to see a new confirmed ATH next to maintain bullish momentum.
Also another scenario is that these could be the beginning of a trading range but we will need more price action data before we can suggest this to be the current scenario.
💡Don't miss the great buy opportunity in BNBBUSDTrading suggestion:
". There is a possibility of temporary retracement to suggested support line (137.0800).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. BinanceCoin 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 79.
Take Profits:
TP1= @ 147.4485
TP2= @ 157.4260
TP3= @ 167.3430
TP4= @ 181.5110
TP5= @ 200.0000
SL= Break below S2
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💡Don't miss the great buy opportunity in BNBBUSDTrading suggestion:
". There is a possibility of temporary retracement to suggested support line (137.0800).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. BinanceCoin 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 79.
Take Profits:
TP1= @ 147.4485
TP2= @ 157.4260
TP3= @ 167.3430
TP4= @ 181.5110
TP5= @ 200.0000
SL= Break below S2
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. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
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Trade well, ❤️
ForecastCity English Support Team ❤️
BNB-4h. Buyers have lost control of the market?The situation in the BNB market is beginning to get out of control of buyers.
The first signal of such an opinion is the loss of an important range of $44-44.8, which occurred on January 19. The false impression that on January 18 buyers took control of this range did not allow the price of BNB to continue to rise. The weakness of buyers was immediately felt by the sellers, who aggressively took the initiative on January 19.
The sellers' next target is $39. That's where buyers will be able to rehabilitate and organize a new local wave of growth with the target of breaking $44-44.8.
However, if the new wave of growth is weak and trading volumes again show the weakness of buyers - sellers will continue to reduce prices to $32.
If buyers lose the $39 mark, the BNB price may go lower. Where? See our global BNB idea:
_________________________
We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements.
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BNB is going DOWN - where to BUY BINANCE COINBinance Coin is under pressure as all cryptocurrency market. It looks like we hit the TOP, and now is time for correction. But how deep it is gonna be the drop-down? It depends on major cryptocurrencies like BTC and ETH. Other altcoins are going to follow them.
If you want to jump in, this will be a good opportunity to BUY, but be aware, this market price drop could be bigger than you think.
Entry levels for Binance Coin - LONG:
$37.495
$35.440
$31.895
$26.608
Bnb Usdt short term analysis. BinanceCoinFormation is completed. The two resistances I expected are given in the graph. News of Binance's burn program has also started to spread. There is currently no obstacle for bnb to rise. Only big boss btc needs to calm down. All moving averages give buy signals. This is not investment advice. It is an amateur work. I wish everyone good luck.
BNBUSDT (Waiting for the Resistance zone Breakout)#BNBUSDT Technical Analysis Update
Waiting for the resistance zone Breakout
BNB/USDT currently trading at $35.60
LONG ENTRY level: Above $36 (only enter long after 4 h candle closes above $36)
STOP LOSS: I will update once I see the Breakout
Resistance level 1( Target 1): $38
Resistance level 2 ( Target 2): $39.50
Max Leverage: 4X
ALWAYS KEEP STOP LOSS...
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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.
BNBUSD Second Chance: Profit=76% SL=30% Reward/Risk > 2.5:1Second Chance Trade Setup summary:
Profit targets = 76% = {TP3 = 8% + TP4 = 29% + TP5 = 39%}
Stop Loss = 30%
Reward/Risk > 2.5 : 1
New Trading suggestion:
" It is still possible to see a temporary retracement when the price falls to the uptrend line that will support and reject the price.
if so, traders can set orders based on Price Action and expect to reach short-term targets. "
New Take Profits:
TP3 @ 22.60
TP4 @ 26.58
TP5 @ 28.96 New
TP6 Free
SL= Break below 18.80
--------------------------------------------------------------------------------------------------
First Buy Current Status:
Total Profit: 92%
Closed trade(s): 50% Profit
Open trade(s): 42% Profit
Trade Setup:
We opened 5 BUY trade(s) @ 17.71000 based on 'previous Forecast' at 2020.07.21 :
Closed Profit:
TP1 @ 18.80 touched at 2020.07.23 with 6% Profit.
TP2 @ 20.80 touched at 2020.07.26 with 17% Profit.
TP3 @ 22.60 touched at 2020.07.27 with 27% Profit.
6% + 17% + 27% = 50%
Open Profit:
Open trade is 21.40000 (current price) - 17.71000 (open price) = 21%
2 trade(s) still open, therefore total profit for open trade(s) is 21% x 2 = 42%
Technical analysis:
. BNBUSD is in an uptrend and the continuation of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 44.
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BINANCE COIN / US DOLLAR (BNBUSD) DailyDates in the future with the greatest probability for a price high or price low.
The Djinn Predictive Indicators are simple mathematical equations. Once an equation is given to Siri the algorithm provides the future price swing date. Djinn Indicators work on all charts, for any asset category and in all time frames. Occasionally a Djinn Predictive Indicator will miss its prediction date by one candlestick. If multiple Djinn prediction dates are missed and are plowed through by same color Henikin Ashi candles the asset is being "reset". The "reset" is complete when Henikin Ashi candles are back in sync with Djinn price high or low prediction dates.
One way the Djinn Indicator is used to enter and exit trades:
For best results trade in the direction of the trend.
The Linear Regression channel is used to determine trend direction. The Linear Regression is set at 2 -2 30.
When a green Henikin Ashi candle intersects with the linear regression upper deviation line (green line) and both indicators intersect with a Djinn prediction date a sell is triggered.
When a red Henikin Ashi candle intersects with the linear regression lower deviation line (red line) and both indicators intersect with a Djinn prediction date a buy is triggered.
This trading strategy works on daily, weekly and Monthly Djinn Predictive charts.
This is not trading advice. Trade at your own risk.
Binance Coin: Significant 0.5 Fibonacci Resistance 1D (Apr. 22)X FORCE GLOBAL ANALYSIS:
Binance Coin (BNB) is one of the most traded cryptocurrencies on Binance. In this analysis, we take a look at BNB's technicals to determine the probabilities for its next move.
Bullish Evidence
- We are trading in an ascending parallel channel on the daily, creating higher lows and higher highs
- The Relative Strength Index (RSI) also shows higher lows and higher highs in an uptrend
- The Moving Average Convergence Divergence (MACD) shows increasing bullish histograms after a golden cross
- BNB has broken through and consolidated above the 0.382 Fibonacci level
Bearish Evidence
- The bullish histograms on the MACD are decreasing
- We have seen tremendous bearish pressure shown by the bearish engulfing candles, indicating that bears might still be in control
- On the weekly, we are trading within a descending wedge, creating lower lows and higher lows
- BNB has been rejected by the 0.5 Fibonacci resistance
- This could play out as a bear flag pattern
What We Believe
We believe that a break and close above the 0.5 Fibonacci resistance is essential for Binance Coin to continue its rally. A break below the channel support would confirm a new bearish trend, and a bear flag pattern playing out.
Trade Safe.
BNBUSDT Local movement (long)Everything on the chart.
open pos: market or try to open a position closer to the edge of the channel
Stop under chanel ~15.1$
profit area 18.1+-0.2$
Risk 1 to 3
Good luck.
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BNB ANALYSIS: NEW TEMP SUPPORT FOUND!BNB ANALYSIS:
BNB is forming a strong ascending triangle and has recently broke upward. The green box has now flipped to a temporary support, and I expect a retest of this zone before a further pull UP. It is likely BNB makes a run for a double top at the daily resistance block, just above the final take profit level 3. Therefore, the next targets are listed as T1 at .00235, T2 at .002397, and lastly T3 at .00248. The 200MA saw a fake out upon the attempted break down, creating a trap. Bulls quickly ate is back up confirming a strong support at the level of .00216. With that said the zone to watch for currently is the temporary support inside green zone. This is the entry spot!
Possible Entries: .00228-.00230