BNB, Binance Coin - what to do❓ New updateBNB is one of the strongest among all the coins. Price built a clear trendline. And now we have a chance for squeezing and slowly going to key level. If it happens, it will be a good pattern to break the trend. I expect this scenario. As always, entry point ONLY after breakout and only with stop-loss.
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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
BNBBTC
BNB Sell the trend.BNBUSDT - Intraday - We look to Sell at 539.8 (stop at 562.2)
We are trading at overbought extremes.
Trading within a Bearish Channel formation.
The trend of lower highs is located at 540.
20 4hour EMA is at 540.
Trend line support is located at 510.
Trading close to the psychological 500 level.
A break of 500 is needed to confirm follow through negative momentum.
Our profit targets will be 478.1 and 457.1
Resistance: 540.0 / 550.0 / 580.0
Support: 500.0 / 480.0 / 460.0
BNBBUSD - Zone of SupportA confluence of Western Technical indicators identify a zone of support suitable for placing buy orders.
Entry: 280
SL: 240
T1: 345
T2: 400
T3: 500
RR: 1.63, 3.00, 5.50
3M: Pivots PP
1D: Bollinger Band Lower
1D: Fibonacci 61.80% retracement
1D: Ichimoku Senkou A
BNB/USDT - Fasten your seatbelts. You read that right. Fasten your seatbelts! Unless the bull cycle is over and we're doomed to get wrecked this week BNB/USD is primed for the ultimate fire works. In this chart I present to you what's called an anchor green dot brought to you by Market Cypher. These appear very seldom. These are very few and far in between but when they do appear, as mentioned in my recent post, they produce fireworks. The last time we saw one of these on the 6hr time frame was back on December 9, 2020 and subsequently BNB went up over 1,200%. Yes that is loco!
**Not financial advice.**
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.
Link is preparing the most incredible pump ever seenHere you can compare the chart of Link-Btc and BnB-Btc, this two cryptos have the most incredible performance ever seen.
Binance maybe has finished his work, but Link is still starting. Against BITCOIN!!!
Is this possible? I really think so. We will see it in one or 2 months.
BNB/BTC - Only chart that matters! Expect higher levels!BNB has found a major resistance at around 0.01 BTC and was pushed back. This coincided with a price of $635.
Can we go higher? Yes. The BTC pair chart shows that we are in a massive ascending channel that has formed since BNB was launched back in 2018.
We have NOT yet reached the top of this channel which was resistance in the past and pushed price back down.
As you can see, we appear to be on leg three in a Elliot wave up. As such, I'd expect BNB to continue up until we reach anywhere around 0.02 BTC / BNB which is the channel top. At that point I would be surprised for BNB to continue up. Such a level would correspond to a price of around $1,300/BNB at the time of this post.
Time will tell, however I don't think BNB pump is over just yet. Once we reach the top of this channel, it is best to secure profits. Then re-assess.
The price action remains bullish. We are quite extended on the indicators, but in such a bull market, we can continue for quite some time until we will correct.
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BNBUSDTBNB did a great move up, and I think it can even pump more because Binance converts all small assets into BNB and we all know what that means.
we're seeing a small rejection by the upper Bollinger band right now but if you're looking for a long position, wait for a confirmation and closure of a 4H candle above the resistance and then you can open your long positions.
⚠️ 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.
Good Luck 🎲
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BNB skyrockets to record highs while $1,000 beckons
Binance Coin Price Analysis: BNB skyrockets to record highs as $1,000 beckons
Binance Coin rallies to hit a significant milestone at $638 amid the bulls' push for gains past
$1,000.
The MACD adds credence to the bullish outlook despite resistance at $600.
Binance Coin has quickly become the darling of the cryptocurrency market. In addition to making a significant spike to $638, a new all-time high, the token's market cap almost hit $90 billion. BNB still sits in the third position on the market after Ethereum.
Binance Coin bulls battle to secure higher support
The exchange-based token teeters at $577 at the time of writing. This follows a minor correction from the newly traded record highs. Support above $600 became an uphill task, but currently, buyers are focused on established support at $550.
The short-term analysis shows that Binance Coin is in the bulls' hands despite the recent correction. This bullish narrative has been reinforced by the Moving Average Convergence Divergence (MACD). The indicator is not only in the positive region but also in a bullish impulse. For instance, the MACD line (blue) has sustained the signal line's positive divergence since the weekend session.
Closing the day above $570 and, by extension, $550 will ensure market stability. Here, buyers will build upon the support for gains toward $1,000. Immense buy orders will be triggered once Binance Coin slices through the hurdle at $600 and $638, respectively.
It is worth mentioning that a correction will come into play if the support at $550 gives in. Sell orders may be triggered, adding pressure to the bearish outlook. Subtle support has been envisaged at $500, but the primary anchor holds $450.
Binance Coin intraday levels
Spot rate: $577
Trend: Bearish
Volatility: Low
Support: $5050 and $450
Resistance: $600 and $638
BNB has broken $600 mark. Time for a pullback or another leg up!So, BNB has finally crossed $600 mark within no time. It was just last week, when I wrote my previous analysis for BNB and it was trading at around $340 at that time. It has been climbing real fast.
What now ? Is it a time for a pullback or do you see another leg up ? share your views
In my opinion, RSI is overbought for the fifth time now, MACD and signal lines are far apart. Also, the price has broken upper bollinger band. Volume has seen a good spike up. It should see a pullback soon. May be could visit $500 to $600 areas, accumulate and move further upwards. On the other hand, if the volume keeps on increasing it might break the next psychological level of $650, $675 or even $700. Who knows, it's a free territory for BNB.
For trading setups, I would say " BNB is in price discovery at the moment which makes prediction difficult, at this point it would be risky to go long" . Wait for a pullback, a confirmation and then fill your bags, if you want to. Markets discount everything. Remember that :D
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$BNB - $510 the goal - memelines the GOATBNB has done amazing things fundamentally with BSC - binance smart chain, staking opportunities, the exchange itself so it has been uber bullish
The cleanest pennant I've ever seen, break and retest and its only been up
Memelines are the GOAT
Should see a decent pullback at the 2.0 as the chart is pretty extended and that will be a whole standard deviation extension from the pennant high
High 300's to low 400's are 4H demand areas and 1D structure levels, good areas for buys on corrections!
BNB in a Bull flag.The price action of BNB at hourly time frame has formed a bull flag, which has bias sto break to the upside.
A break to the upside would mean a break to a new all time high.
I expect the price to hit $420, find support at $410 and move to $440.
RSI needs to break above 60 to confirm bullish momentum.
Good luck!