BNB/USDT Ready for $800 or $300 ... must read with carefully#BNB/USDT TA Update:-
$BNB currently trading at $593
And went upto $615
As per my TA short position is exited at $590 ( which was our stop loss )
Now...?
Keep an eye on $590 level.
If price sustained above $590 then we can see $800 also.
But if again close below $575 then again I will Bearish.
So I always suggest trade only after confirmation.
I never want anyone loose your fund.
Level for Watch:-
Support:- $575/$430
Resistance:- No resistance
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BNBBTC
BNB - Testing the ATH! (Long-Term & Short-Term)Binance Coin is retesting the resistance for the third time.
Since it's an ATH, it makes this area really strong for rejecting the price down.
But since the Bitcoin Dominance has reached below 50, the Alt Season has officially begun which leads into a big pump and breakout for most backed alt coins.
Once the price broke out the resistance, you can open long positions and aim for the target which I've shown on the chart.
⚠️ NOTE: This usually happens when a coin gets hot on crypto platforms: it might go down by a little and then get back up to a new high.
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BNB Sell the downtrend.BNBUSDT - Intraday - We look to Sell at 584.8 (stop at 608.2)
The trend of lower highs is located at 585.
Early optimism is likely to lead to gains although extended attempts higher are expected to fail.
We look for a temporary move higher.
Trend line support is located at 510.
Our profit targets will be 515.7 and 485.7
Resistance: 580.0 / 600.0 / 614.0
Support: 550.0 / 530.0 / 500.0
BNB/USDT Bearish TA update and Our short entry was $570#BNB/USDT TA Update:
$BNB currently trading at $552
And went down to $539
Mean our top entry was $570-$575
Now..?
Still I am bearish on $BNB
But only when it’s trading below $590
So I am expecting $486 and $440
Again I will suggest you never be FOMO
Always trade with good confirmations.
Support:- $486/$438/$354/$296/$251
Resistance: $589 / Moon
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I trade BNB against BTC at the bottom of the ascending triangleYesterday I took a trade BNB against BTC at the bottom of the ascending triangle. Normally I place a trade the moment the price breaks out of a triangle, but in this case I got in early for two reasons:
1. we are in a bull cycle!
2. it is a very clear pattern
I expect the coming months a lot of opportunities in alt coins. I trade alt coins to accumulate Bitcoin. This is my strategy for the coming period.
My first target is just below the 0.011800 based on Fibonacci level and the measured move technique.
From there I a will see what price action does. If it is still very bullish I will wait to sell, otherwise I might sell 50% or so. If there is a lot of resistance and it looks that the price will drop first, I might take 100% and get in again at the dip.
My current stoploss is 1 ATR under 0,008072, which is very low. I do this because i'll keep monitoring the marked and might get out if the triangle is broken at the downside. And BTC dominates the market, and I do not want to get stopped out when Bitcoin dips and bounces. The stoploss in this case is only to protect my trades when it all turns really ugly and I am asleep.
BNB/USDT Ready for $300...? What is chart saying.?#BNB/USDT TA Update:-
$BNB currently trading at $561
And this is looking good for Fresh Short entry.
Why..?
As per TA chart is looking Bull Flag but My psychology is saying we can see down Trend.
So also ready for both scenarios.
Now I am shorted $BNB at $561
And if candle close above $585-$590 then I will exit from short and Long Target will be $850-$900
Only when if closed above $590
I also ready for both scenarios after confirmations.
Entry:- $561-$575
Targets:- $486/$438/$354/$296/$251
Stop Loss:- Strictly recommended If price close above $590 then I will exit from short position.
Support: $486/$438/$354/$296/$251
Resistance:- $589 / Moon
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BE VERY CAREFUL FOR DOWNTREND!Bnb seems to not affected by much needed retrace in crpyto markets which is not a good sign!
One should be very careful with bnb trading if they are long bnb!
Bnb is very close to the ATH area and highly overbought right now.
Volume is decreasing a lot lately and BTCUSD pair is trending downward hard.
Therefore one should not buy from this area and should start taking profits!
I expect BNB price to retrace 0.008 areas for healthier uptrend.
Right now price action is too hot and volatile.
This mean money running from BTC and coming to BNB but if BTC keep losing its value people can panic sell that can lead to huge loss in altcoins!
Be very careful and let the price consolidate or even retrace a bit.
BNB buy the support.BNBUSDT - Intraday - We look to Buy at 536.6 (stop at 518.8)
Daily signals are bullish.
We can see no technical reason for a change of trend.
We look to buy dips.
Dip buying offers good risk/reward.
Previous resistance, now becomes support at 530.0.
Our profit targets will be 594.6 and 612.6
Resistance: 580.0 / 600.0 / 614.0
Support: 560.0 / 540.0 / 530.0