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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.
Long
by moon333
1
Binance ImpulseHad a scroll through some noise while patiently waiting for Bitcoin to signal and saw the BNB Chart. As an experiment on my Bitcoin long examples, I wanted to test my 3 indicators, I have chosen to assist me with my buy and sell options on Bitcoin and Ethereum. Here we can see a perfect example (yellow being positive) of The Super Trend buy signal, The Aligator opening-up positive and the Trend line on the MACD signaling green, all at more or less the same time on the Day Chart By Morne Olivier #business2blockchain
Long
by business2block63604
1
Binance Coin Analysis: BNB Drawing Closer To Yearly Highs Binance DeFi integration causes a spike in network activity while creating interest in Binance Coin. BNB seeks support after rejection at $34; the buyer congestion at $28 to come in handy. Binance Coin dived to lows of $6.4 following the Black Thursday crash in March. The majority of markets around the globe were feeling the heat from the Coronavirus outbreak. A recovery started alongside other major digital assets but Binance Coin as always curved its unique path, aiming for new yearly highs. There have been barriers but bulls remained relentless in the push for higher levels. BNB enjoys the support of the largest cryptocurrency exchange by daily volume and the number of users, Binance. The exchange encourages users to pay fees using BNB thereby driving up demand for the token. The recent integration of DeFi into the Binance Smart Chain resulted in increased transactions and activities from projects such as BakerySwap, BurgerSwap, and Cream Finance. According to data from the Binance Smart Chain, BurgerSwap attracted a staking volume of up to $400 million in just 24 hours. Daily transaction activity also surged as per the data provided by BscScan. At the time of writing, Binance Coin is seeking support above $30 after hitting a new September high at $34. If the retreat extends below 30, the resistance flipped into support at $28 will come in handy. However, Binance seems to be taking a breather from the mission to new yearly highs considering the wide gap created by the 50 Moving Average above the 100 MA. The RSI signals a short term retreat from the overbought region but low volatility means that the upside does not have a lot of traction. BNB Intraday Levels Spot rate: 30.70 Relative change: -1.82 Percentage change: -5.88% Trend: Short term bearish bias Volatility: Low
BINANCE:BNBUSDLong
by CoinGape
3
BNB is seeing a new high after more than a year!Hey! BNB is strongly bullish on weekly, daily time frame, and currently is breaking through the roof of the resistance line of this ascending triangle! Expect tommorow full BNB Multi time frame analysis based on Weekly. But the one hour candle is not closed yet, we are looking for a 1H break of 27.637 by a full candle. ( very likely to happen in this current candle) There is a new high after a year! That's a strong bullish sign. Oh and btw, the weekly candle closes tommorow so I expect strong volume! I am in! Tibor
Long
by TiborVrbovsky
3
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. ❤️ 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 do you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
BINANCE:BNBUSDLong
by ForecastCity
13
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. ❤️ 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 do you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
BINANCE:BNBUSDLong
by ForecastCity
13