BNBBTC Buy on break-out or on the 1D MA50Quick analysis on BNBBTC. As you see on the 1D time-frame, the RSI has hit a Resistance level that is holding since early 2018. The MA50 and MA100 are about to form a Golden Cross but no bullish move can be made as long as the 0.0032000 September 2020 High doesn't break (which makes it the current Resistance).
If the September High and the RSI Resistance forces prevail, be ready to buy once contact is made again with the 1D MA50 (blue trend-line), as on the pair's previous Bull Cycle, every 1D MA50 touch was a buy entry.
If however the the 0.0032000 September 2020 High breaks, the whole sequence will look very similar to the December 2017 bullish break-out fractal, which following the break-out from the Resistance, it peaked just above the 1.618 Fibonacci extension.
That extension is currently at 0.0063. Do you think its possible?
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BNBBTC
Monthly Analysis: Binance - This is the pullback.History:
A buy signal presented itself on the Monthly chart when a Hammer candlestick signal
created horizontal support at the low of the Bollinger Band, signaling that the asset
was oversold. This occurred exactly at the 78.6% retracement of the up-wave.
Price has now met resistance at the 50.0% level and is poised to pull back. By
connecting this high with the previous one I'm able to draw a resistance line into
the future and therefore easily represent two high probability setups:
1) Today's candle is currently 47.18% from low to high. There is a little known
Fibonacci trick regarding large moves in single candlesticks; a move with sufficient
bullish momentum to bring price to new highs should not generally pull back greater
than 50% into the large candle. Therefore there are these two setups. In this case,
if price finds support at the 50% level (0.0020761) the wave can try and continue it's
ascent to the old high, invalidating the new one. Or,
2) Price will make a pullback into Fibonacci ratios relative to this up-wave. We will
look to enter somewhere between 0.5 to 0.786.
Here is a Golden Key: How price closes at Weekly Pivots P (0.0018719) will determine
whether the market will trade above or below it. a Weekly/Daily close above/below this
level will be a strong indicator as to the direction of price in the coming weeks.
BNBBTC, my next huge investment.Dear gamblers,
Long time since I didn't post feels good to be back.
This is my next investment idea which I have dedicated a good chunk of my crypto portfolio.
You will have everything explained in the graph. The first two purple lines and the grey box are the zones to brake for the price to go further afterwards there's not much to say. Fundamentally, I cannot explain it better than the white paper published in many web pages, please, read it, they are just 17 pages and you will realize it has actually useful purposes for users.
If you are asking yourself why I invest in BTC pairing... Well, let's say I'd rather accumulate BTC than USD.
***Do not take this as financial advice as this is just an idea I will follow, do your own research before risking your money***
Updates will come after price zones have been reached or if I have to reassess.
Take a good one for me free people,
Kind regards,
BeniGo
BNBBTC (Binance) finally pumping!Hi guys, if you like this post, please support me by clicking the like and follow buttons and leaving a comment! Thanks!
BNB has been a sleeper relative to the other altcoins. It is finally waking up and starting to move. Likely to see continuation in this strength as BNBBTC has flipped from bearish to bullish on multiple timeframes. The next time i comes back down to the 200MAs, could be a good place to buy.
Fundamentally, Binance is strong as ever and Binance Chain and its defi ecosystem is also growing steadily. Should see strong use case for it in the near future.
DISCLAIMER: I am NOT a financial advisor and this post is NOT financial/investment/trading advice. I will not be responsible for any actions you take based on the analysis and comments that I provide. I am simply sharing what I am doing, and is not meant to be investment or trading advice. What you choose to do with the information that I provide is your own sole responsibility! 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!
Please support me by liking, sharing, commenting, and following, and sharing your ideas and analysis below! Thanks!
Short BNB/BTC - Good Risk/Reward Intraday Trade Binance broke out recently of it's long-term channel recently and had a specular run. It's close the 200 Day Moving Average and over extended in the short-term. I'd short it here above 0.0018 for BTC with a target of 0.00165 to 0.0015. I think it could reasonably get there by the morning, but the longest I'd give it is 1-2 days. Like most of my trades, we take it a day at a time. But it's been a while I really liked a trade and this is one of them.
Binance Coin (BNB) Looking So Much BetterWe've been following Binance Coin (BNBBTC) knowing that is going bull... The chart support this knowing.
We have prices now trading strongly above EMA50, as well as EMA10 and EMA21.
The MACD is now above zero for the first time since October and the RSI really strong at 64 and trading above all resistance.
We can easily see BNBBTC print additional growth and even pick up momentum while doing it.
Additional details on the chart.
Namaste.
Monthly Analysis: Binance - This is the bottom.A buy signal cannot be more obvious than this.
- Connect the Low to the High of the 22 month bullish wave.
- The 20 month bearish wave just ended in the perfect convergence
of Candlesticks and Western Technicals to give a buy signal.
- A Hammer candlestick signal creates horizontal support at the low
of the pattern at 0.00102. Not only did this occur on the low of the
Bollinger Band, signaling that the asset is oversold, but it also occurred
exactly at the 78.6% retracement of the up-wave.
- Remarkably, there is a convergence of strong Western Technical sell signals.
The high of the Bollinger Band lines up with the Tom DeMark TDST resistance line.
- Assuming an uninterrupted DeMark bullish wave, I see this asset being bullish
until approximately October/November of this year.
Technical Analysis of Bitcoin appears to be quite the inverse of this. Whether
or not you believe that Bitcoin will go higher or lower, confidence in the stability
and security of the reputable Binance exchange makes buying the Binance token
BNB an easy long.
💡 Don't miss the great buy opportunity in Binance Coin/BitcoinTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.00124). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. Binance Coin/Bitcoin BNBBTC 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 65.
Take Profits:
TP1= @ 0.001510
TP2= @ 0.001670
TP3= @ 0.001890
TP4= @ 0.002185
TP5= @ 0.002472
TP6= @ 0.002774
TP7= @ 0.003300
TP8= @ 0.004005
TP9= @ 0.004815
SL= Break below S2
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💡 Don't miss the great buy opportunity in Binance Coin/BitcoinTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.00124). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. Binance Coin/Bitcoin BNBBTC 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 65.
Take Profits:
TP1= @ 0.001510
TP2= @ 0.001670
TP3= @ 0.001890
TP4= @ 0.002185
TP5= @ 0.002472
TP6= @ 0.002774
TP7= @ 0.003300
TP8= @ 0.004005
TP9= @ 0.004815
SL= Break below S2
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Binance Coin Looking Better & Better vs BitcoinBinance Coin (BNBBTC) is normally used as 'safe-haven' for when Bitcoin prices move lower.
Right we can see BNBBTC moving above EMA50 coming out of a low... Which opens the door for massive growth.
We have to wait for the daily candle closure for confirmation because prices can drop and close below this level (0.0013275). But a close above is super bullish.
The targets are marked on the chart.
The RSI is strong and the MACD as well.
We are active on this pair for a while now with a trade so we have been expecting higher prices...
Namaste.
💡Don't miss the great buy opportunity in BNBBTCTrading suggestion:
". There is a possibility of temporary retracement to suggested support line (0.0012860).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. BNBBTC 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 66.
Take Profits:
TP1= @ 0.0013510
TP2= @ 0.0013920
TP3= @ 0.0014450
TP4= @ 0.0015000
TP5= @ 0.0015700
TP6= @ 0.0016700
SL= Break below S2
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. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
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💡Don't miss the great buy opportunity in BNBBTCTrading suggestion:
". There is a possibility of temporary retracement to suggested support line (0.0012860).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. BNBBTC 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 66.
Take Profits:
TP1= @ 0.0013510
TP2= @ 0.0013920
TP3= @ 0.0014450
TP4= @ 0.0015000
TP5= @ 0.0015700
TP6= @ 0.0016700
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,
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💎 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 you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
BNB Potential Trade OpportunityOverall context:
BNB has been making higher lows with a wick making a higher high.
Every time the bears have driven down the price with relatively
high volume, the price was fully recovered from with relatively
moderate or high volume and *not* dumped back down immediately
with high sell volume.
This means the sellers are becoming less and less convicted. Although
there has not been a huge amount of buy volume, this is a good thing
because if BNB does break the 0.0013 level, there will be plenty of
buyers left to come in and drive the price up further.
The trade:
Long on BNB at current price levels.
Stop placed below the low 2 levels ago.
Take profits around the next reasonable
resistance zone (zoom out for more context)
Binance Coin (BNBBTC) Perfect Bottom and Buy OpportunityBinance Coin (BNB) made a perfect bottom with a W pattern (some call it double bottom also). BNB is now trading in an ascending triangle and we expecting a breakout soon. This is a good opportunity for short term quick profit. BNB is a long-term Hodl coin and we expect it will be in the top 5 later this year. Binance is the top exchange by trading volume and CZ always has plans for BNB. If you are not Bullish on BNB, you are on the wrong boat.
Buy Zone: 0.00125-0.00127 (Buy more in Dips)
Target: 0.00139- 0.001495- 0.00163-0.00184-0.002-0.00225-0.0025-0.0028
Binance Coin (BNBBTC) Perfect Bottom and Buy OpportunityBinance Coin (BNB) made a perfect bottom with a W pattern (some call it double bottom also). BNB is now trading in an ascending triangle and we expecting a breakout soon. This is a good opportunity for short term quick profit. BNB is a long-term Hodl coin and we expect it will be in the top 5 later this year. Binance is the top exchange by trading volume and CZ always has plans for BNB. If you are not Bullish on BNB, you are on the wrong boat.
Buy Zone: 0.00125-0.00127 (Buy more in Dips)
Target: 0.00139- 0.001495- 0.00163-0.00184-0.002-0.00225-0.0025-0.0028