BNB (The Moment of Truth )BNB / USDT
For all BNB lovers , I see BNB comes to light again and here is the complete analysis
Look here at BNB againt BTC chart :
Its already made a breakout and reached all new time high in silence during this bear market !!
The Moment of Truth :
Now look at the chart against USDT
The pair Is forming a clear descending broadinig wedge
And price is testing important resistance zone between 330-340$
If bulls succeed in Clearing out this resistance, we can see very strong bullish wave in coming days
What do you think about BNB in coming days ?
Let me know in comments section below ⬇️
Bnbbreakout
BNB Coin has formed a rising wedge! What's next ? ! subscribe and stay tuned for new ideas. Every day I post profitable ideas a day.
BNB Coin
BNB is trending higher high as market going and now in a corrective phrase and broke the hourly structure which shows slightly bearishness. Price is expected to dip till intermediate support around $237 - $245. You can look for buy opportunities there with moderate risk.
BNB: A PERFECT BOUNCE OR A FAKEOUT???Hello and welcome to this BNB update in 3 hours TF.
If you are viewing my post for the first time then do not forget to like and follow. I share updates on the crypto market including margin trading, futures, spot, and scalping. All ideas are my biased opinion and I invest at my own risk. I don't force anyone to buy or sell, I simply share my ideas absolutely for free and it is your sole decision whether to trade on them or use them to understand the market.
BNB has formed an ascending triangle pattern which usually is a bullish pattern. BNB broke out, retested, and currently bouncing back perfectly from the support level. Is this a bullish confirmation? To some extent, yes, it is a bullish confirmation but considering the dominance and BTC price movement, it is always wise to wait or trade with a close SL. I am already long on BNB at around $305 and I will continue to hold it until it breaks down below the ascending triangle support level which is at my entry-level.
On the other hand, if BNB is bullish then we can expect a rally up to $350 to $400.
What do you think about the current price movement on BNB? Let me know in the comments.
Thank you, guys, for your support.
BNB: AT THE BREAKOUT POINT.Welcome members to my BNB update.
If you are viewing my post for the first time then do not forget to like and follow. I share updates on the crypto market including margin trading, futures, spot, and scalping. All ideas are my biased opinion and I invest in my own risk. I don't force anyone to buy or sell, I simply share my ideas absolutely for free and it is your sole decision whether to trade on it or use it to understand the market.
Let's get back to the chart.
BNB has currently broken out of the descending triangle pattern. Traditionally, a regular descending triangle pattern is considered to be a bearish chart pattern. However, a descending triangle pattern can also be bullish sometimes and in that instance, it is known as a reversal pattern.
Let us consider the following points before getting into a confirmation.
1. We clearly see a breakout on BNB but technically it is still under the descending triangle pattern as the recent high is lower than the previous high.
2. The RSI is already at the peak of the overbought range and the only way RSI will move is towards the bottom.
3. Most of the time descending triangles are bearish.
So, even if BNB rallies higher, I am not expecting much right now. BNB could possibly reach up to $400 to $410. I could be wrong on this one but that's what I am expecting looking into the current scenario.
Note: This is not financial advice. This trade setup is based on my T.A and I am risking my own money on this trade. I am reliable for my own losses and profits. So, trade as per your preference.
Let me know what you think about this idea and if you like it then do share the link wherever you can. Let this idea reach as many traders as possible.
I will cover more on this in the coming days until then stay safe and trade well.
Thank you.
BNBUSDT Here's a clear chart to understand it. Only recomended for spot trader only.
👉 In Daily timeframe there's a bullish pennant, which is completely breakout upside. Long it now and some at the pullback for the retest of the pennant. The target for the bullish pennant is 600, ATH.
👉 Second scenario is, that there's Cup&Handle, which is going to be completed soon, and if there's a successfull breakout at the ATH level. Then the Targets for the cup&handle is 700, 1000, 1050.
👉 Third scenario is, if we fail to break at the Cup&Handle scene. Then there's a pullback again to the 510 level. And the whole shape is creating the acsending triangle. And the target for the acsending triangle is, 700, 1000, 1100.
Everything mention on chart.
Manage your own risk accordingly with that.
BNB USD is ready to fall!My TA on 1D shows that:
1. Price is at the top border of its red channel. I cannot foresee where it will hit its peak, but it would be plausible to go SHORT within 555-580 USD range. RSI index supports this peak, it is almost at 80 level. It may go above. However, while the price is still rising, the vertical volume is decreasing. Best to check MACD for further confirmation just to be on the safe side.
2. Take Profit 1 is best to take at the liquidity level. Currently it's around 38.2% on Fib along with the bottom border of a red channel.
3. The red channel is forming Wolf waves. If this is indeed the case, then exit and TP 2 will be around 430-420 USD, which is 53%-55% on Fib!
BNB/USDT 1D UPDATEWelcome to this quick
bnb/usdt analysis.
I have tried my best to bring the best possible outcome me in this chart.
Reason of trade :- We can see in the chat BNB/USDT make inverted head and shoulders patterns and broke out the resistance level and retesting it
Entry:- $443
$455
Target:-
T1:- $503
T2:- $ 564
T3:- $603
T4 :- $672
Stoploss:- $387
Remember:-This is not a piece of financial advice. All investment made by me is under my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade.
Happy trading.
Sorry for my English it is not my native languages.
Do hit the like button if you like it and share your charts in the comments section.
Thank you...
BNB Analysis Bulls taking over ?Hello everyone, as we all know the market action discounts everything :)
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The Binance coin has turned Bullish in the last few days as we see the coin price has rallied from 263.67 and reached 356.19, The coin price right now is trending near the first resistance line at 363.63 which can show us 2 types of scenarios for the movement of the market for the next period of time.
Scenario 1 :
The coin will break the first resistance line and close above the first resistance line at 363.63 which confirms the Bullish turn that the market is under right now, after the market price closes above that resistance line the bull will show more support for the trend and the price will probably keep going up until reaching the second resistance line at 382.58, where the Bulls will test the Bears power and the outcome will determine the movement of the price for the time follows.
Scenario 2 :
The coin will reach the first resistance line at 363.63 and a battle will happen between the Bulls and Bears over control of the market action, if the Bulls were to win then Scenario 1 will probably happen, but if the Bears increase their power and take that control back then we will see the price drop down from the resistance line and its gonna be headed to the first support line at 329.36 where the bears will test the power of the bull and who overtakes control will drive the price of the coin up or down if the Bears were able to keep that control then the risk for a Big Bearish movement is real
Technical indicators showing a Bullish state in the market where we see that :
1) The market price is moving above the 5 10 20 50 200 MA and EMA ( Bullish sign)
2) The MACD crossed the zero line indicating that the market went into a Bullish state with a positive crossover between the MACD line and the Signal line.
3) The ADX at 33.06 showing that the market is trending with a positive crossover between DI+ (16.77) and DI- (6.16).
Support & Resistance points :
support Resistance
1) 329.36 1) 363.63
2) 302.54 2) 382.58
3) 287.42 3) 429.03
Fundamental point of view :
The leading cryptocurrency exchange is winding down its futures and derivatives products across Europe, starting in the Netherlands, Germany, and Italy.
Binance culls another of its products amid ongoing regulatory scrutiny.
Binance is cutting its derivatives products in European countries. The exchange announced the update Friday, confirming that the change would initially affect those in the Netherlands, Germany, and Italy.
Though no other countries were mentioned in the announcement, the exchange noted that it would be stopping derivatives “across the European region.”
The announcement added that the European region is “a very important market” for the exchange, and acknowledged the region’s “proactive steps towards harmonizing crypto regulations.”
The exchange confirmed that customers in the Netherlands, Germany, and Italy would be unable to open futures or derivatives accounts with immediate effect. Binance’s derivatives products include perpetual, futures, options, and leveraged tokens.
The update is only the latest in a series of steps Binance appears to be taking to appease regulatory officials. This month, the exchange has reduced its leverage limits from 100x to 20x, reduced its daily withdrawal limits for unverified users, launched a tax reporting tool, and halted its tokenized stocks offering. The changes follow weeks of intense scrutiny from regulators worldwide. The U.K., Singapore, Japan, and Italy have all expressed concerns with Binance’s practices in recent weeks.
In response to the pressure, Binance CEO Changpeng Zhao has affirmed his intention to meet regulatory requirements. He penned an open letter on the subject earlier this month, before suggesting that he would like to hire a contingent CEO with a strong compliance background. According to Crypto Briefing
This is my personal opinion done with technical analysis of the market price and research online from fundamental analysts for The Fundamental point of view, not financial advice.
If you have any questions please ask and have a great day !!
Thank you for reading.
BNB Possible move'sCurrently, due to the increase in the bitcoin range and its movements, all altcoins will be affected by it. The analysis is just a series of probabilities.
I hope you find this analysis useful🌹
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BNB triangleBTCUSDT
We can see a triangle in the 2 hour time frame of BNB
That we want to act according to the use of a triangle if from the roof of a triangle
Break the price to the Fibonacci level and then pullback
It does the triangle on the roof and continues its process
BNB ascending triangle breakoutBNB broke the ascending triangle and did the retest.
Now, we have good support above ATH.
Target: U$800 (+26,5%)
BNB new bullish wave soon?BNB / USDT
Price try to break resistance zone
We need some stability or consolidation above resistance area for a potential new bullish wave
Can we see BNB above 1000$ soon !!?
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 :-)
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$466.14 - Perfect Buy Zone. Going Down for nowIt might fall all the way down to $466.14. Great entry point for major $$$
BNB is longBNB has tried the $600 resistance but could not pass it. Buyers will push the resistance again, if they can thrust price above $638 resistance then BNB is going to reach $832.
BNB LONGTriangle formed, 4H tweezer bottom candles. MACD and RSI looking good. It will go up from here, because BTC will likely to hold.
#BNBUSDT #DailyHi guys..its the latest analyze chart of #BNBUSDT in Daily time frame(folowers Requested analysis) .if you are interested any crypto that you want analyze with me and any questions please do not hesitate and comment below the chart!
if u like it press like-comment and folow me.thx
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.
BNB INDECISION!Bnb had a huge price action for maybe over a year and in the last couple of months.
Bnb price doesnt affected by the market sell off and still consolidating for the last couple days with lower volume.
To be honest i really think bnb should go lower before another price spike because it went parabolic and need to chill a bit.
I m not buying from this area but i will definitly not short it! Im waiting price action to get out from triangle and then make a decision.
Be patience before making any trade decision.
