BNBBTC
BNB/USDTBNB is now at resistance and struggling to get a breakout.
BNB rejected from $435 - $440 resistance multiple times and this is the key level to flip.
If BTC able to flip this level then we see a rally towards $500 resistance. The support for now is $390 - $400 area and we may see a possible retest of this area. The major support is near $330 area. Keep an eye on the $440 resistance breakout and buy on the retest.
BNB Analysis | Short TermHi Guys 🍀
Binance Coin has been pushing the BB bands up since 3 days ago.
But since a few hours ago BNB got rejected by resistance and fell on the middle BB. That middle Band is working as support but if the price fell more, there are two blue lines as support.
The resistance lines are strong. But we have good Buy Signals in the market considering the MACD and market volumes.
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BNB Analysis | Short TermHi Guys 🍀
Binance Coin had corrections since two days ago and confirmed a good support level.
MACD and BB are showing the price is at a risky level right now. The Middle BB can be effective to push the price back down.
The resistance lines are strong too. I think since BNB had breakouts this can be the time for consolidating the price on a solid support before passing resistance.
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Binance BNBUSD - 3x ascending channel + Elliott Wave- Binance Coin - BNB Rank #3 on CoinMarketCap.
- BNB is by far one of the most bullish altcoin out there!
- My impulse Elliott wave is telling me that there will be another pump very soon.
- 3x Parallel channel can act as a support / resistance in the future.
- For expected duration of the trade, probability, stop loss, profit target, entry price and risk to reward ratio ( RRR ) - please check my signature below ↓
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BNB USDT I expect very good performance this year for BNB.
Talking on the current chart, I expect another small pullback.
and
It will return, giving the impression of rising. I don't think you can go back without creating a final test and pattern.
If we talk about these patterns, we can draw several different patterns.
The first scenario is the flag pattern;
If it happens as I think, the price will pull back to the 400 levels and it will start to up-trend from there. If the price rebounds to 415 and above, a flag pattern will emerge.
If this happens, it appears as both the retracement of the previous harmonic pattern and the elliot wave 0.618 retracement.
If we consider the previous supply zone, it will not be too difficult for the targets to see 500 and 600 dollars, respectively.
Another alternative model is the shoulder and head.
this can give us information about their resistance in the short term.
If it catches a decrease as I expect and returns to the price levels I specified, I believe that we can see this pattern.
for this it will be possible to confirm by checking the volume candles.
BNB - where better to buy?Bitcoin has corrected by 6% over the day, while altcoins have corrected by more than 10%.
BNB has also corrected by almost 10%. This is a strong drop in price, but BNB could go even lower. On the chart, I have marked the nearest liquidity zones where the price could come in. If the price comes to these zones, it would be a good buying opportunity.
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P.S. I personally will open entry if the price will show it according to my strategy.
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BNB - when is the best time to buy 🤔❓❓BNB tried to break the support level and consolidate below but failed. Every drop was bought back. Pulling up to the trend line again.
This is a signal for a breakout and a rise. If price starts to squeezing to the trend line, breaks it, and tests it as support, that would be a good buying opportunity.
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.
BNB Analysis | Short TermHi Guys 🍀
Binance Coin has been bullish and passed many resistance levels.
If you check MACD and different platforms you can see that it's still showing Buy signals so I think this coin has some room left to test the resistance level.
The resistance levels moved a little higher which shows that the market on BNB is strong.
And if you noticed, candles are push the BB higher which is a good bullish sign for your positions.
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BNB - when is the best time to buy 🤔❓❓BNB is now approaching the local trend line. If the price starts to squeeze near this trend line, it will be a signal for a breakout. A good buying opportunity would be after a breakout or a retest of the trend line as support. Above marked potential liquidity zone.
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.
BNB Analysis | Short TermHi Guys 🍀
Binance Coin maintained its price in that area after the breakout, so now we are sure that it was a bullish move with confirmations.
The resistance levels moved a little higher which shows that the market on BNB is strong. Maybe we see some drops or corrections but we have built good and strong support levels for our prices so we don't need to worry that much.
Everything is neutral now in BNB so we can expect to see the price going sideways today for a few hours.
And if you noticed, candles touched support on BB, so there might be a chance of short term bullish movements.
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BNB/USD - Wedge breakout! Can BNB sustain it?Binance Coin just broke out of this wedge in blue and now price is hovering just above the resistance turned support.
If we have continuation and BTC/ETH don't tank, then I can totally see BNB pumping some more in the next few days up to around $450 in the best case scenario.
The Daily indicators are curving up, therefore I'd not be surprised to have a nice little rally once this move is confirmed.
Medium term, BNB will continue to bounce around our major support and resistance. Don't see BNB breaking either of these unless the market leaders BTC/ETH have a breakout as well.
You could consider a long entry if we have continuation. If we're rejected then wait to hit support before buying.
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BNB Analysis | Short TermHi Guys 🍀
Binance Coin got help from the support area and the massive amount of demands caused a breakout.
This resistance we are testing now can be a key resistance. After that we have one other resistance level which can be our next stop after we break this one. And the blue supports that you see are very strong because after a confirmation they can turn into the main key support levels.
Now that we are close to resistance the market is showing sell signals. So be careful and don't FOMO buy.
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Is it over for BNB?In my opinion probably yes. I do believe Binance has done many things wrong over the years, especially in the US... so the hammer is coming for them too. They played games, they made tons of money... but in the end regulators will go after them for a million different reasons. Of course it will be mostly about control over the industry, but no matter whether I agree with it or not, it is coming.
Binance will survive, but it is taking multiple hits over and over again. Overall exchange tokens went up a lot prior to the regulators stepping in, so it big dumps are easier. The market was already reversing and we are seeing some of that money flow into DeFi. Of course in the short term both will get hit, but DeFi has a much stronger case for it to be made.
BNB could be classified as a security, their ICO could be deemed 'inappropriate' and the Binance chain not decentralized enough. We already see many users being forced to leave the platform from many different countries. They are the largest, and so they are the biggest and easiest target out there.
BNBUSD and BNBBTC have definitely gotten them memo and they aren't looking all that great. To me there is no way back, but be aware for some scam rallies before going lower. That's why it is better to have a large stop loss than a small one. Any rally is to be shorted...