BNB/USDTBNB daily candle close with a huge rejection wick. BNB still trading at the resistance area.
Wait for few more days as we may see another try to break the resistance area.
If BNB unable to break the resistance then we will see a retest of the $290 - $300 support and if this also not hold then we see a retest of major support zone of $200 - $250
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BNBBTC
Binance - a potential trade 🧨🧨A potential trade on the Binance chart. While drawing the idea, the price broke through the triangle. Before that there was a squeeze to the upper boundary of the triangle, this is a good signal before a breakout. Targets are marked above, most likely price will come there as there is a large 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
Binance Coin (BNB) - July 29Hello?
Welcome, traders.
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(BNBUSDT 1W Chart)
If the price is maintained above the 186.10-211.70 range, it is expected that the uptrend will continue.
(1D chart)
If the price is maintained in the 276.47-365.54 range, it is expected to turn into an uptrend.
However, in order to continue the upward trend, it must rise above the 365.54-410.07 section.
If it falls from the 276.47 point, a Stop Loss is required to preserve the profit.
However, careful trading is required as it can touch the 186.10-211.70 section and rise.
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(BNBBTC 1W chart)
If the price holds above the 0.004813 point, it is expected that the uptrend will continue.
In particular, if the price holds above the 0.006783 point, it is expected to create a new wave.
(1D chart)
If the price is maintained in the range of 0.007739-0.009971, it is expected to turn into an uptrend.
If it goes down, you should check to see if it finds support at the 0.006995-0.007739 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 it is in an uptrend or in a downtrend, 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 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 the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** 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.)
** See support, resistance, and abbreviation points.
** 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.
Explanation of abbreviations displayed in the chart
R: A point or section of resistance that requires a response to preserve profits.
S-L: Stop Loss point or section
S: A point or section where you can buy to make a profit as a support point or section.
(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.)
GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they are not traded 24 hours a day.
G1 : Closing price when closed
G2: Opening price
(Example) Gap (G1-G2)
Binance - This will be the best opportunity to open a position!!After bitcoin fell below the strong support zone of $31,000, the price quickly fell 6%, even breaking through the strong psychological level of $30,000. This effectively pulled all altcoins following bitcoin.
A few days before that, Binance announced a coin burn. Many of my subscribers wrote that they were buying coins and waiting for the rise, then we did a review and made a video that in the history of coin burn, bnb went down 10 out of 13 times. Which is actually what happened this time, bnb is down 15%. Hopefully, this helped a lot of people to save their money and maybe even make a profit.
We opened short positions at the time and made money on it.
What to do now?
Right now bnb is testing a local resistance zone. At the moment, I prefer to watch the market and look for good entry opportunities.
But if Binance makes a quick strong drop into the area marked below, with a big increase in volumes, that would be the best 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
Binance - a potential trade 🧨🧨Yesterday bitcoin was up 11%, which is quite a strong move, after which most altcoins started to rise following bitcoin.
Now on the smaller timeframes, we can see formations for a continuation of the local trend.
Just on Binance one of them appears, if bnb breaks the upper boundary of this formation and tests it, it could be a good opportunity for a local move up into the area noted above.
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/USDT first Target hit and now 2nd Target is $400 #BNB/USDT Update:-
$BNB currently trading at $325
And went upto $328
So guys hope you happy because patience pays off.
Entry:- $280 ✅
TP1:- $330 almost ✅
Waiting for more TPs
If breakout $331 resistance then Next Target will be $432
New Stop Loss is $280
Support:- $290/$260
Resistance:- $331/$432/$607
BNBBTC repeating 2018This chart points out the obvious similarities of BNBBTC between the 2021 price action and that of 2018. As you see since September 2020 the pair has been following closely the pattern of mid 2017 - 2018. Even the LMACD sequences are identical.
If that continues to be the case, then what this pattern suggests for the pair now, is that a consolidation within a Triangle may be possible for another 2-3 months before one last rally.
Do you think that will play out?
Previous BNBBTC idea:
** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
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BNB/USDT Again Ready to $500 ..?#BNB/USDT Bullish Engulfing Pattern:-
$BNB currently trading at $290
And again strong bounced from red line Support $255
And every tike pumped with Bullish Engulfing pattern.
Now also Bullish engulfing pattern so I am expecting Upward move from here.
Entry:- $260-$290
Targets:- $330/$430/$680
Stop Loss:- $249
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Thank you.
Binance burned coins! What's next, a 20% drop? 🔥🔥Binance has burned $390 million worth of coins.
If you watched our last analysis on Binance, in which we broke down the entire coin burn history, then you know that out of all 13 coin burns, bnb fell 10 out of 13 times, by an average of 15-20%.
If you look at it from a technical analysis perspective, bnb has broken the trend line and tested it as resistance. The nearest support level below is at 233$, from the current values it is more than 20%, which is quite possible for this scenario.
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 Technical analysis , what is next?Technical analysis is one of the many tools available for traders. Technical analysis examines the history and records of a particular coin along with its price charts and trading volume. To teach technical analysis, you can refer to our article in Bitcoin Digital Currency Academy entitled What is technical analysis and what is its use?
BNB digital currency is always considered as the biggest and most important Altcoin after ETH.
At BitPin academy, we analyze many coins every week.
Invest in the future...
BNB go to a green trendThis currency, due to its very low volatility range compared to others, shows that it has very good support and as soon as it sees the green sign of the market, it can grow up to 20%.
The currency is currently in the $ 310 price range, which could rise to $ 375 depending on its trend. The price chart is now above the 20-day moving average, and if the 50-day moving average is broken, it can reach the target price as soon as possible. Also, if we look at the RSI indicator, it can confirm this trend by crossing the 50-day line. Buying and selling areas are marked You can make a very good profit by buying and selling in these areas.
BNB/USDTThe support line was created by the "autotriangle" script, with default settings, but the script can't find the top line (I can't find it manually either, by the way). It is highly likely that we have rebounded and the coin will continue to rise above the resistance line. However, I would not expect much growth because of the poor foundation.
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