BNB/BTC Prediction AnalysisGood Morning to all respected Traders and Investors,
I made a simple analysis for BNB/BTC
Here I found the support at 0.01 for entry
I reckon you guys to entry at 0.01 and take profit at my potential target 1, 2 and 3
Patience is the only key
Moreover the vumancu indicator shown green dot, It means time to buy and CCI Indicator shown is not oversold
Do not forget to take profit
Happy trading you all
Critics and comments are super appreciated
Thanks!
PS: This is not financial advice. Please DYOR before entry the market
BNBBTC
BNB Binance Coin to Lose its 3X Hype Gains. 58% Drop Expected.BINANCE:BNBBTC has gained a lot of attention and hype in March 2021 that contributed to its 3x rise in two months from 4k Satoshi in March to 12k Satoshi in May. The hype was based on Binance entering the DeFi space and announcing its staking returns. At the time, The Binance exchange announced up to 27.49% APY return for staking the BNB token. Currently, the highest APY for BNB according to Binance is 8.69%. Users' interest in gaining annual yield reveals itself to be a delusion to many when they see the gain on capital in the negative 30% territory. Less and less BNB coins are being staked ever the initial announcement in March 2021. There is no more reason to hold BNB. On the other hand, DeFi has also been losing traction as indicated by the price of many DeFi tokens such as AAVE losing 74% of its value vs BTC (even more vs USD). Therefore, it is time for BNB to give back those hype-propelled gains and go back to 4k Satoshi.
The first step is breaking the 10k Satoshi support. We are currently sitting at that line. I have drawn a descending triangle there, but it is not confirmed because it needs a third touch on its upper side. My conservative scenario is that we remain within the triangle for 6 more weeks. My bearish scenario is that, if we don't break the 10k Satoshi support right now, we see a weak bounce up to 10.5k Satoshi before dropping to break 10k Satoshi. The first target is 7.7k Satoshi. Follow me to get updates on this trade as it unfolds.
I am making this bearish prediction on BNB even though I am biased towards BNB because of its impressive performance in the previous Bitcoin bear market in 2018 to 2020. But I would be happy to get a buying opportunity at 4k Satoshi, and I believe we will reach there.
Binance Coin (BNB) - January 24Hello?
Traders, welcome.
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Have a nice day.
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(BNBUSDT 1W Chart)
First resistance section: around 507.9 point
Second resistance section: 632.6-674.1
Support section: 341.7-383.3
You need to check if you can get support and climb in the 332.4-348.7 section.
If it falls from the 332.4 point, it could fall near the 258.6 point, so we need to think about how to deal with it.
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(BNBBTC 1W Chart)
Above 0.004813 point: Expected to create a new wave.
If it goes down, you should check to see if it finds support in the 0.009135-0.009485 zone.
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We recommend that you trade with your average unit price.
This is because, if the price is below your average unit price, whether the price trend is in an upward trend or a downward trend, there is a high possibility that you will not be able to get a big profit due to the psychological burden.
The center of all trading starts with the average unit price at which you start trading.
If you ignore this, you may be trading in the wrong direction.
Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to be able to regenerate themselves.
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** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume.
However, for convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-O and MRHAB-B indicators used in the chart are indicators of our channel that have not been released yet.
(Since it was not disclosed, you can use this chart without any restrictions by sharing this chart and copying and pasting the indicators.)
** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
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BINANCECOIN - Will the trend change?On a daily TF, the trend is negative, and its major support is the positive trend line range and the $440 range. The probability of losing this support is high, and if this support is broken, it will fall in the range of $390 to $320. The only data that can change the trend is the break of the $500 range with high trading volume and high stabilization.
BNBUSDT-LONGBased on technical factors there is a long position in :
BNBUSDT Binance Coin
Score 2️⃣
🔵Long Now or set on Key Level 408.5
🟢Target 1 431.5
🟢Target 2 452.5
❌Stop loss 401.0
#K_Level
Every signal has a score from 1 to 5, so accordingly adjust your risk for each signal. The signals with the score of 5 are the most probable ones.
Please support our activity with your likes and comments.
#BNB shown a but if strength near the support#BNB shown a but if strength near the support , looks like a small retracement only. Currently, Binance Launchpad event is about to end which might lead in small dump in #BNB. Expecting a drop to support around $442 - $447 and you can have you small buys over there.
By @CryptoAXEN
BNBBTCHello Crypto Lovers,
Mars Signals team wishes you high profits.
We are in the daily time frame. You can see that the price was able to break the S1 line. Now it is making its pullback to the S1 line. If it stabilizes above the S1 line, you can buy it for higher targets. If it goes below the S1 line, then S2 would be the good place to buy. You can also see that there is an inverse head-and-shoulder pattern. If that is the case then the right shoulder needs to be completed and the price can go up to at east the shown area on the chart. There is also the R1 line which is the target for the price if the head-and-shoulder pattern is going to be completed. In the bigger picture, there is also a Flag pattern formed which indicates that the price can go up much much higher.
Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.
Wish you luck
BNB/BTC 4HOUR UPDATEWelcome to this quick BNB/BTC analysis.
I have tried my best to bring the best possible outcome in this chart.
Reason of trade:- We can see in the chat BNB/BTC bullish flag patterns and broke out the resistance level and retesting it
Entry:- 0.01043,0.01058
Traget:-
T1:- 0.01087
T2:- 0.01110
T3:- 0.01130
Stoploss:- 0.01025
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 language.
Do hit the like button if you like it and share your charts in the comments section.
Thank you...
BNBUSDT-SHORTBased on technical factors there is a short position in :
BNBUSDT Binance Coin
Score 3️⃣
🔴Short Now or set on Key Level 491.0
🟢Target 1 470.0
🟢Target 2 447.0
❌Stop loss 511.0
#K_Level
Every signal has a score from 1 to 5, so accordingly adjust your risk for each signal. The signals with the score of 5 are the most probable ones.
Please support our activity with your likes and comments.
BNB - when is the best time to buy?BNB starts to squeeze near a key level, this is a good signal, a signal for a breakout. In case of a breakdown, there could be a good buying opportunity. Also worth highlighting are the rising lows, which is another positive signal.
Write in the comments all your questions and instruments 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.
Simple but smartHi guys
The channel is valid, so the midline will be valid as well. If there is a serious reaction to this midline, it can be a sell signal. This analysis may contradict herd behavior, but you can monitor it
If you are looking for a reasonable purchase, act only after breaking the midline
Do not pay attention to shadows
See my latest analysis on Bitcoin for a more detailed decision
what is your opinion?