BINANCECOIN (BNBUSDT/BNBBTC) Potential Long Entry 2021/03/11Long Trade Setup #1: Retest and Continuation (200MAs)
1. Price Action: Price needs to move back down to the 200MAs, currently projected to be @ $250-255 by the time price reaches it, and bounce back up.
2. Trade Entry Confirmations: Bullish candlestick pattern, above average volume, MACD bottoming
DISCLAIMER: I am NOT a financial advisor and this post is NOT financial/investment/trading advice. I am simply sharing what I am doing, and I will not be responsible for any actions you take based on the analysis and comments that I provide. The cryptocurrency market is extremely volatile, and you WILL lose all your money if you are inexperienced! DO NOT risk any money that you cannot afford to lose and always be cautious and manage your risk!
What are your thoughts? Please leave your ideas and analysis in the comments below! Do give the post a like and a follow.
BNBBTC
⚡ BNB 12345, Huge Profits Coming 🚀As you can see in the chart, BNB has had a great bull-run in the past few months.
If BNB wants to complete its 5 uptrends, it is expected to experience prices above $ 650 soon, given the Fibonacci ranges.
Note that considering the hypothesis of decreasing buying desire by FOMO, in each wave of movement the rate of return will be less than the previous wave, and this can be clearly seen in this analysis picture.
This analysis is by no means the basis for decision-making and investment, and you must analyze the market yourself before making any investment.
Binance Coin (BNB) Can Hit $500 Soon (+120%)BNB has made incredible progress, making it one of the best performing altcoins.
BNBUSDT has been going sideways for a while now suggesting a breakout is imminent.
Technically BNBUSDT is ready for a breakout upwards. Bottom trend of BNBUSDT is being tested actively but the more a trend(line) is being tested, the weaker it becomes.
That's something to watch out for. A breakout downwards is less probable, but not excluded!
BNBBTC (bottom chart) looks more reliable and clear.
You can tell BNBBTC is creating the same scenario as before. A strong demand zone (green box) and lower highs creating a descending triangle in a bullish trend .
It's just a matter of time for the next pump to be big enough to break that supply zone (red box).
(In case TradingView messes up my drawings on the bottom chart.)
Taking it all in consideration it looks pretty bullish .
Target:
If BNB follows its bullish course, it's solid to estimate the next pump will be about the same intensity as the previous ones which were 120-150%.
$500 equals an increase of 120%, it's a round number and is by nature a psychological level (of resistance).
$600 equals an increase of 150%. It's also a round number but not as round-round as $500 ;)
The way BNB works also explains why BNB is surging.
BNB can be bought on Binance and then be used for transactions as the fee currency. It's like the in-house currency.
By using it for transactions you pay 50% less in fees and you can save more money over time.
BNB is pre-mined as 200 million BNB tokens meaning all tokens are already in circulation.
The BNB that gets used in transactions is then burned making the currency gradually deflationary. Binance keeps on burning until the supply is cut in half. (100 million tokens)
Around 30 million tokens (30%) are already burned. That's 70% more to burn. See this overview of burnings .
BNBUSDT (BINAINCE COIN) Struggling to BREAKPOUT! ANALYSIS 🔎
Here is the 4hrs chart on Binaince Coin. BNB has tried many times to hit resistance here!
- BNBUSDT is consolidating in a descending triangle pattern.
- I think relatively a big move is imminent if we breakout the descending resistance
POSSIBLE PRICE ACTIONS
- Uptrend ⬆️: breakout above the descending triangle inclined resistance.
- Downtrend ⬇️: breakdown below support.
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You can like Binance. But why do you need to lose money?A lot of people message us about BNB.
I also like Binance. But Binance and BNB are different things. It is terribly overrated at the moment (based on network metrics).
Can BNB Grow 50%? Yes!
Will this happen? We do not know
But we know that its nearest support zones are 46% and 78% lower.
Risk/Reward less than 1. At the moment, long is a terrible deal for even a small part of the capital.
We may consider buying below $ 134. But it depends on the market situation.
If you want to increase your capital and not lose it, it's time to buy BTC.
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.