BNB: Pullback in UptrendTrade setup : Price is in an Uptrend. It broke out of an Ascending Triangle and above it's ATH of $692 from May 2021. It reached $720 but got overbought (RSI ~ 80) and pulled back on some profit taking. This pullback near $600 level is an attractive swing trade entry in Uptrend with +15% upside potential back to $700. Stop Loss (SL) level at $580, just below prior swing low.
Pattern : Pullback in Uptrend. Price remains in an Uptrend but has pulled back, which could present a 'buying dip' opportunity. Traders should look for the nearest support level where price could stabilize and resume its Uptrend. This support level could be a level where price bounced off of in the past, or a level that was previously resistance. (concept known as polarity).Learn to trade key levels in Lesson 3.
Trend : Short-term trend is Down, Medium-term trend is Strong Up and Long-term trend is Strong Up.
Momentum is Bearish ( MACD Line crossed below MACD Signal Line) BELOW days ago. Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70).
Support and Resistance : Nearest Support Zone is $500.00. Nearest Resistance Zone is $720.00.
Binanceusd
BNB Price Action Trading- BNB sound dangerous with all the FUDs made by US government.
- But Binance is still from far the first exchange in the world by liquidity and trades volumes.
- they won't let go BNB so easily.
- it's still an easy trade for now if u play it wisely, and with strategy.
- No Danger, No Glory.
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Trading Parts
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- Buy : 200$ ish
- TP1 : Before 350$
- TP2 : Before 650$
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- Stop Loss : 170$ ( don't touch anything under 170$ )
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- Rebuy a big Dip : 50$ ish
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Happy Tr4Ding !
BinanceUS suspends U.S. dollar depositsIf you haven`t sold BNB here:
Then you should know that BinanceUS, a part of the biggest crypto exchange Binance, has made an announcement regarding changes in its operations. Going forward, the exchange will cease accepting U.S. dollar deposits, and customers will soon no longer have the option to withdraw dollars from the platform.
This decision follows a lawsuit filed by the U.S. Securities and Exchange Commission (SEC) against Binance, its CEO Changpeng Zhao, and the operator of its U.S. exchange. The SEC alleges various misconduct, including artificially inflating trading volumes, misusing customer funds, failing to enforce restrictions on U.S. customers, and providing misleading information about market surveillance controls.
I think BNB will test the $220 support.
Looking forward to read your opinion about it.
Binance Coin: Don’t Act So Coy(n)! 😏Binance Coin should stop acting so coy regarding the magenta-colored zone between $278.90 and $245.40. We expect the altcoin to dive into this area to finish wave (2) in magenta before turning upwards again. Alternatively, there is a 33% chance that Binance could have already concluded wave alt.(2) in magenta and might thus climb above the resistance at $358.60 to develop wave alt.(3) in magenta.
#BNB seems to have bounced and found support at $384 $BNBThis is a bullish sign, but more buy volume is needed to get the bull run of the last few days back on track
#BNB could go higher if it remains in this ascending channelAs the volume has decreased it has failed to make contact with the top line, although it hasn't fallen as far into the red zone as before either
#BNB has no buy volume so it will struggle to stay above $390Volume needs to increase in the next couple of hours to maintain support at this level
$BNB could lose momentum here, MACD reversingRSI is still around the overbought zone but volume is dropping
$BNB RSI entered overbought zone so #BNB may start falling soonAlthough it has reached an all-time high once again, the gains over the last couple of days are unsustainable
$BNB is falling sharply after failing breakout from channel #BNBWithout breaking out of this descending channel, Binance Coin will remain bearish
Excluding the recent #BNB ATH, $BNB may find support at $349When the recent all-time high of $352 is not taken into account, $349 is the highest support level that has been achieved.
it's possible that Binance Coin could regain support at the $349 level, although this would probably require a surge in buying volume that has not yet taken place.
💡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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There is a trading opportunity to buy in BNBUSDMidterm forecast:
. While the price is above the support 15.015, resumption of uptrend is expected.
. We make sure when the resistance at 18.880 breaks.
. If the support at 15.015 is broken, the short-term forecast -resumption of uptrend- will be invalid.
Technical analysis:
. The RSI downtrend #1 is broken, so the probability of resumption of uptrend is increased.
. While the RSI uptrend #2 is not broken, bullish wave in price would continue.
. A trough is formed in daily chart at 16.500 on 07/16/2020, so more gains maximum to Major Resistance (18.880) is expected.
. Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
. Relative strength index (RSI) is 59.
Trade Setup:
We opened 5 BUY trade(s) @ 17.713 based on 'Valley' entry method at 2020.07.21.
Take Profits:
TP1= 18.880
TP2= 20.800
TP3= 22.600
TP4= 26.580
TP5= Free
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ForecastCity English Support Team ❤️
There is a trading opportunity to buy in BNBUSDMidterm forecast:
. While the price is above the support 15.015, resumption of uptrend is expected.
. We make sure when the resistance at 18.880 breaks.
. If the support at 15.015 is broken, the short-term forecast -resumption of uptrend- will be invalid.
Technical analysis:
. The RSI downtrend #1 is broken, so the probability of resumption of uptrend is increased.
. While the RSI uptrend #2 is not broken, bullish wave in price would continue.
. A trough is formed in daily chart at 16.500 on 07/16/2020, so more gains maximum to Major Resistance (18.880) is expected.
. Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
. Relative strength index (RSI) is 59.
Trade Setup:
We opened 5 BUY trade(s) @ 17.713 based on 'Valley' entry method at 2020.07.21.
Take Profits:
TP1= 18.880
TP2= 20.800
TP3= 22.600
TP4= 26.580
TP5= Free
❤️ 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!
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💎 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 ❤️
BNBUSDT has formed a bullish butterfly | Upto 56% expectedAfter a successful formation of Cypher pattern the priceline of Binance Coin / Tether US has formed a bullish butterfly.
RSI is oversold.
But MACD is still strong bearish and Stochastic is oversold but did not give bull cross sofar, so for safe trade we can wait for MACD to turn weak bearish or for bull cross from Stochastic.
Buy between: 21.8950 to 18.9617
Sell between: 24.1715 to 29.6814
Regards,
Atif Akbar (moon333)
A decisive point for PPT Populous Impulsive moves are expected. Keep in mind this hsit coin is supposed to do more than 8000% to reach all time high!
BNB SHORT TargeetTargets :
1 : 31
2 : 35
3 : 38
Please Like this Idea :) and Comment about this Idea
This is my viewpoint and my opinion. I am not giving advice but only sharing what I see. Do not enter a trade on my TA but do your own homework.
Cryptocurrency is volatile and very risky. Never invest what you can't afford to lose and always educate yourself and continue to do so when making any kind of investment.
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Rectangle on 1D. Neutral. Sideways scalp action.BNBUSD is trading on recurring patterns and at the moment is on a 1D Rectangle (neutral RSI, STOCH, STOCHRSI, ADX, CCI, Highs/Lows) as seen on the chart. We are taking scalp action between the support and resistance and once it approaches the orange trend line we will go long, TP = 17.000. 1W is also neutral (RSI = 54.893, CCI = -41.1595, Highs/Lows = 0.000) ensuring a long term sideways action.