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Bnbanalysis

BNB - 6h. Loss of the range of $585-600 and continued fallHello colleagues! Considering the situation on the cryptocurrency market, today we decided to share our opinion on BNBUSDT. The weekend did not do any good for the BNB market at all. If recently the price of BNBUSD held up perfectly on the fall of BTC, and could move independently, this time we see a completely different situation. Unlike the other strong crypto project ADAUSDT, the BNB price mirrored all BTC price movements too obediently. The main problem that buyers could not cope with is the range of $585-600. Having lost control over this range on May 12, buyers could only confirm their weakness by arranging consolidation below the liquid range: As we can see on the hourly timeframe, after the loss of the critical range, trading volumes fell sharply during the buyers' counterattack. And a new wave of decline on May 16 began at low volumes , which confirmed the complete absence of interested buyers in this range. In general, the situation with trading volumes is rather bad. Looking at the daily timeframe, we can see that since April 24, daily trading volumes in the BNB market have dropped by half: This fact allows us to assume that consolidation continues and the likelihood of a continuation of the fall to its lower border is quite high. As we can see on the daily timeframe , it was from this range that a new wave of growth began with the renewal of the historical high. We will update our forecast based on the activity of buyers in this range. P.S. How did you cope with the weekend crash? Write your trading situations in the comments! ________________________________ We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements. Subscribe to us and get daily concise analytics!
by P_S_trade
31
BNB - 6h. Another test $585-600 and an increase of 20%The fall in the price of BTC overnight made BNB investors a little worried. For a while, sellers were able to feel strong and broke through the range of $585-600 . However, their initiative ended too quickly. As a result, both Bitcoin and BNB fell by 20%. The triggering of the buyer's stop orders did not help the sellers to impose their struggle. If we look at the 15 minute timeframe , we see that after a sharp wave of falling enthusiasm, there are no sellers left: As we can see from the trading volumes, when the price approached the range of $585-600, the trading volumes increased . After a false breakout of this liquid zone, a new wave of decline began at minimum volumes . These facts indicate that large buyers gained their positions on this fall. If you look at the 12 hour timeframe , you get the impression that nothing happened on the BNBUSDT market: A small false breakout of the range of the previous historical high and a test of the middle line of the white growth channel - that's all that happened in a few hours. A retest of the range of $585-600 at low volumes will allow you to buy this coin with the first target in the range of $720-750. An alternative scenario will come into play if sellers manage to push the price below $ 585-600. In this case, a deeper correction in the BNB market should be expected with an ultimate target of $410-430. _________________________________________ We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements. Subscribe to us and get daily concise analytics!
by P_S_trade
32
BNB/USD SYMMETRICAL TRIANGLE 4 HOUR CHARTHi guys! BNB/USD chart I posted yesterday in my groups a Small Symmetrical Triangle what also sees in this chart. And we have a big potential Symmetrical Triangle as you can see and with the small one Should we make the breakout from the big one or get a reset we are still in the big one. I think the BNB will come to a new ATH if BTC behaves well and continues the uptrend :-) If we reach the target of the small symmetrical triangle I will take some profits there and if we have the breakout from the big then with confirmation again increase the trade as my entry is very far down. Good luck with the trade :-) Registration link for PHEMEX EXCHANGE: phemex.com Registration link for BINANCE EXCHANGE: www.binance.com Registration link for IMBA EXCHANGE: imba-exchange.co YOUTUBE CHANNEL from EGALITE: www.youtube.com Homepage: egalitesignals.com EGALITE
Long
by IDDTrading
BNB 12h Global Idea: Where price will go $1,300 or $230 For your attention a global idea for the BNBUSDT pair And a few scenarios of how the price of Binancecoin might behave in the coming months 1) Smooth price growth within the channel to one of the three targets $720-815-890 2) If the channel is broken upwards, a rapid growth with a maximum upper target of $1300 3) If the price fixes below $400 , a possible continuation of the fall with the lower target of $215-230 Like the idea and write a comment , then tradingview will notify you that we have updated this idea, depending on what scenario the BNB price went through. _____________________ Since 2016, we have been analyzing and trading the cryptocurrency market. We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05% . If we help you to be calmer and richer - help us to be happier :)
by P_S_trade
47
BNB To The Moon! - Fibonacci AnalysisBNB To The Moon! - Fibonacci Analysis BNB looking good! It bounced back of Fib 0.6 and heading North. Entry Point: $400 - $500 Take Profit #1 at $695 Take Profit #2 at $614 Take Profit #3 at $580 Disclaimer: This is not a financial advice. This information does not provide individually tailored investment advice and does not take anyone’s circumstances into consideration when discussing investments, nor am I registered as an investment adviser or broker-dealer in any jurisdiction. Information contained herein is not an offer or solicitation to buy, hold, or sell any cryptocurrency.
Long
by UnknownUnicorn18172817