BNB coin entered a bearish trend As always hello bears, we have seen a huge pump for Binance coin last month, the price moved from 330 $ on 29 October 2021 to reach an all-time high 670 - 690 area by making 200% gains, now the coin is about to drop and get some profit for old buyers, BNB USDT is targeting 516-526 support area.
You can see the price had broken out 200 Moving Average after 29 October bull breaks out, the seller tends to sell the crypto market right now because of the improvement in the price of the US dollar. A stronger dollar against major currencies and a desire to lock in profits triggered a strong but relatively even sell-off overnight. The cryptocurrency market capitalization collapsed 7.5% over the past 24 hours to $2.66 trillion, breaking a long consolidation."
Binancecoinusdt
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.
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) W Bottom Breakout Long Trade Setup!Hi guys, this is OG back with another cryptocurrency 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.
BNBUSDT is potentially forming a W bottom pattern, which is a variation of the double bottom pattern in which the second bottom (2nd swing low) is higher than the first bottom (1st swing low). The neckline of this pattern is at 362.5, which means we need for price to break above 362.5 in order to confirm that this is indeed a W-bottom pattern. If price breaks below the low of the second swing low at 345.5, then this pattern is invalidated. I'm waiting for a break above 362.5 with strong volume to consider taking a long. One thing to note is that BNBBTC might be forming a short signal. I prefer to take a trade when both the BNB and USDT pairs are aligned rather than giving opposing signals, so if BNBUSDT breaks the neckline, then I will double check to see that BNBBTC isn't giving a short signal at that time.
Check out my technical analysis videos for more in-depth analysis and trade setups for Bitcoin, Ethereum, and Altcoins.
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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!
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 $360 with good volume could be a good place for a long. That said, right now there is the 200MAs serving as resistance, so price needs to break through that; failure to do so could send prices lower and invalidate the inverse head and shoulders bottom breakout setup.
As always, I’m not a financial advisor, do your own research, and stay safe!
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BNB loading up for a bigger move!Here's a quick look at BNB 4 hr chart. As we can see, the price has printed a bigger ascending triangle and if BTC cooperates, then we will see a bigger break to the upside! Keep an eye on this!
My 100x Pick - BonFire token
The idea is: Buy the breakout from the triangle shown in the chart and take profits at the levels shown in the chart.
Targets:
1. 480$
2. 525$
3. 580$
Follow me for daily profitable trading setups
BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!
BNB, Binance Coin - don't buy coin before that ❌I see only one scenario when I'll buy BNB. We have a clear resistance line at 387.6. Only if the price starts squeezing near to the level, I will ready to buy it after breakout and retest.
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
Great buy opportunity in BNB🚀Hello guys
As we can se price is moving in Ascending triangle from few days and now it could trying to Break it out.
- Wait for the Candle closure above the Green Resistance box or enter at the Trendline of the triangle.
- Put your Stop Loss below the breakout candle or green support area.
- Take Profit: Trail it with a Trailing SL.
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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.
💡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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BNBUSDTHello to you all. Mars Signals team wishes you high profits at all times.
There is a resistance line for the price in the 1-day timeframe. If it is able to break above this line and make a pullback, then you can expect the price to reach the TPs.
Warning: This is just a suggestion to you and we do not guarantee profits.
Wish you luck!
BNB/USDT - Continuation of the trend? (Binance Coin)More trading charts on my channel. Link in the description.
Hello dear friends.
BNB coin under consideration - 1 CANDLE = 4H TF.
As we can see, the coin came out of the downtrend channel, and made an exit from it.
Potentially forming (Possibly) an Inverted Head and Shoulders pattern.
Support and resistance levels are shown on the chart.
Purchase is possible in parts from each of the zones. The main support level is $ 200.
There are orders of the limit player.
A trend change can occur if the level of $ 195-200 is not held.
Trade using your trading system, and do not overstate the lot in the position.
This Channel is not financial advise, It's My opinion and My observation: @opptrade
❗️❗️❗️Disclamer:❗️❗️❗️
Dear friends, traders.
My trading ideas here are not financial advice or coercion into action. I am not responsible for your trading and how you follow all aspects of correct trading.
- I do not recommend that you trade AT ALL if you do not know what risk management is, money management.
- I do not recommend that you trade without a STOP LOSS.
- And I'm not responsible for your "make millions of dollars fast" gag
- I am only showing you the charts that suit me for certain positions.
- For each position - RESPONSIBILITY LIES ON YOU.
If you don't use all of the above, your deposit will soon become $ 0
- Therefore, if you decide to follow my positions - Take responsibility for where the bad outcome may be.
In time, i to bee wrong too, and have a loss.
But with the correct observance of the indicated points, which trade with me others traders - they earn (NOT IN A DAY, but in the medium, long term)
I am only showing you how this or that scenario can work in trading.
For all your actions, only you are responsible.
💠💠💠I am not a scammer and I am concerned about your trade.💠💠💠
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.