BNBBTC
BNB TODAY ANALYSIS - 3/1/21BINANCE:BNBUSDT
Bnb did rise again after the unexpected BTC move that pushed the price back up to 255 support.
However, it was not able to break it, as the RSI starts to show weakness, but with a pinch of hope.
Bitcoin faith will deciede if we move higher or not, but too much confidence is flooding the market after this recovery, wich might be a warning sign.
I would not be surprised if we retrace to the 191$ during the next 24 hours, and by then it would make a perfect entry point.
Howerver, BNB is highly manipulated. An unexpected pump is never excluded on this one.
Make sure you protect your profits anytime.
Don't short BNB, never.
Buy now and take a chance, or wait, as i recommend the fall to the lower support, wich is the most probable scenario.
Thanks for reading and please consider leaving a like if you believe this makes sense.
Have a great day.
BNB Signals a Rebound May Be Starting-BNB retraces -46% from ATH of $347
-Daily chart confirmed breakout of descending triangle
-MACD signals bullish for the first time in 11 Days on the 4hr
BNB experienced massive growth throughout February growing nearly 600% in value in a mere 19 days. Since reaching highs of $347, BNB has experienced a healthy correction of nearly -46%.
BNB had set a low on the 22nd of February while most of the cryptocurrencies set lows on the drop that occurred today. This can be looked at as an indication Bulls have more confidence in a rebound rather than other top coins in the market that set a lower low today compared to BNB's higher low.
While looking at the chart, we can conclude the price created a clear descending triangle the last 9 days. The last 4hr candle close is signaling the downtrend may be broken and price will start revive to higher support zones. There is always possibility of a retest of the top trend line (black).
Major support zone comes in around $195. It is evident that the price of BNB did not want to be below the 4 hour 100 MA. If these two levels can hold, this will indicate a bullish upward move.
Looking at the MACD, the last 4 hour candle close has sent the histogram green for the first time in 8 days.This can be interpreted as the trend is starting to shift bullish. Confirming the bullish view of the MACD, the MA's have crossed bullish for the first time in 8 days.
BNBUSDT (BINANCE COIN) - BREAKOUT UPDATE ANALYSIS 🔎
- BNBUSDT is bounded in the ascending channel pattern.
- Price is testing the ascending channel support and 0.618 fibonacci retracement level.
- Price action is printing a pennant consolidation pattern.
- A pennant pattern is a trend continuation pattern, a bullish one in this case.
- There's a breakout potential.
BUY ENTRY ⬆️
- Breakout above the pennant pattern's inclined resistance and previous swing high horizontal resistance level.
TARGETS 🎯
- Horizontal resistance level (R1).
- Horizontal resistance level (R2).
- Ascending channel resistance.
- Fibonacci extension levels.
SETUP INVALIDATION ❌
- Breakdown below the ascending channel support and pennant pattern's inclined support.
BNB fractalsBINANCE:BNBUSDT
There is a similar fractal on BNBUSDT and BNBBTC charts(follow the below link for more details)
BNB price is near 1.61 level of fib channel that would act as a support(I attached a link to the weekly chart analysis below)
If the bearish trend line breaks and BTC stays neutral to bullish then I expect another quick move for Binance Coin.
I wait to see how it reacts to the trend line.
Good luck
500% increase coffee time - on Cappasity possible -Breakout on..Hallo friends,
I did add before also an update about this token.
Cappasity.
Should i invest fully in cappasity?
I dont advice nobody to invest them fully money in cappasity. as we know crypto can be risky in all trends.
There is some important trends show that Cappasity can breakout the coming time. and if this happend, 500% possible or more.
Why your update about cappasity and what do you expect from it?
Expecting that cappasity can show at long term an increase of 500%, this depending on TA trends, and some other data.
This not mean it will happend 100%. but we as traders we expect, and thats what i do in this case. its not just expecting, but really depending on strong TA trends.
Remmber cappasity are not into top 100 coins. and its only at this moment on kucoin exchange.
# you should know also that this coin have a breakdown show, that long time this coin did stay on breakdown trend, the reason i have added this point, as i expect it can increase next time.
The totally mean of this all:
Invest what you can lose, and never take more risk than you can handle. time will show or my expecting was right or not. for me personally its about holding some small amount and not look more into it.
Have good weekend.
Discipline are the key to success - Take profit - Learn from your mistakes and never give up!
The reason 1 that 90% of traders lose, not because they can't trade, but because they trade emotionally.
if this appeals to you then learn yourself first before starting with trading.
BNBUSDT (BINANCE COIN) - UPTREND CONTINUATION ANALYSIS 🔎
- BNBUSDT is bounded in the ascending channel pattern.
- Price is testing the ascending channel support and 0.618 fibonacci retracement level.
- Price action is printing a pennant consolidation pattern.
- A pennant pattern is a trend continuation pattern, a bullish one in this case.
- There's a breakout potential.
BUY ENTRY ⬆️
- Breakout above the pennant pattern's inclined resistance.
TARGETS 🎯
- Horizontal resistance level (R1).
- Horizontal resistance level (R2).
- Ascending channel resistance.
- Fibonacci extension levels.
SETUP INVALIDATION ❌
- Breakdown below the ascending channel support and pennant pattern's inclined support.
Horrible pattern on BTC. Strong movement to comeLong story short. If btc drops with this ugly pattern that has never been created on this movement up, I see TREMENDOUS downwards potential. upwards is possible, but there should be strong movement upwards before an even bigger one after.
As always, the values for the pitchfork are in the respective linked idea.
It's a great buy opportunity in BNBBTC @binance @Bitcoin Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.004523). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. BNBBTC Binance Bitcoin is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 45.
Take Profits:
TP1= @ 0.0051300
TP2= @ 0.0054970
TP3= @ 0.0060080
TP4= @ 0.0065395
TP5= @ 0.0072600
SL= Break below S2
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It's a great buy opportunity in BNBBTC @binance @Bitcoin Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.004523). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. BNBBTC Binance Bitcoin is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 45.
Take Profits:
TP1= @ 0.0051300
TP2= @ 0.0054970
TP3= @ 0.0060080
TP4= @ 0.0065395
TP5= @ 0.0072600
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex trader ?
Now, It's your turn !
Be sure to leave a comment let us know how do you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
Binance Coin BNB Prepare For SellOffThe crypto market is living its last bubble days.
The prices do not reflect any fundamentals.
Cryptos are pure retail investments gambling at this point.
BNB Market Cap $48,409,766,297
vs
Biggest German Bank, Deutsche Bank 23.864B Market Cap
Moderna - saves the world from Covid-19 - 69.146B Market Cap
Ebay - Market Cap 42.174B
FORD MTR - 42.174B MARKET CAP
When you buy stocks of a company you own a part of it, you have the right to vote changes in the company and you receive dividends.
When you buy crypto you own nothing! You buy thinking that at some point another person will be willing to pay more than you on that piece of nothing.
If you want to own the BUY and SELL indicator that i use, that can prevent you from the big crypto selloff, just leave me a message for a 7 day trial.
Update on BNB: Falling Wedge with False Break. Good News?BNB is making a falling wedge pattern after making ATH at around 350. A few hours ago, it also made a false breakout which hopefully liquidated many positions. Now, it seems like BNB buyers are getting in the form.
If it breaks the 339 mark and stays there for a while 380 and 420 are next stops.