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Bnbbtclong

BNB.BTC (Y20.P3.E1).Timing for entranceHi All, The above the weekly chart has a wedge (potential breakout) formation. Below has some additional details. BNB has some positive news where Binance CEO CZ hinted that the exchange will be launching a DeFi-related IEO. Rumors from Binance CEO CZ about an upcoming DeFi involvement send BNB upwards and maybe break this resistance. As long as Bitcoin maintains its position above the $9,500 level, many altcoins will mark impressive gains. BNB.USDT chart below outlines the layers to break the main trend line, which will reflect the BNB.BTC pairing resistance trendline above. Note: WS\WR weekly support and weekly resistance lines which has confluence with fib. lines. How to trade this? Looking at the 10/20/50 EMA level, one will be likely the bounce level. To gauge this, I will be using the 8HRLY time frame and indicators for the signal to enter. Macro structure Please give me a like or tick for this post. Regards, S.Sari
Long
by ssari
BNB/BTC (Bullish Weekly Signal?)BNB/BTC -This coin has been in a downtrend since 2019 -A series of Lower Highs and Lower Lows -But this time around, we can see a Bullish weekly RSI -There is a clear downward channel which is Bullish also -Currently, the price is testing the upper trendline -Holding above the 20MA which is a good sign -To confirm this reversal pattern, a breakout needs to happen -Entering the breakout/retest is the safest option -The upside potential is up to 0.00262 range -Stoploss can be set under 20MA
by PolarHusk
BNB Breakout is expected in coming weeksBNB is in tight zone. We may expect a breakout in coming weeks. Reasons: 1. Two Greens candle can be seen at end of triangular wedge, making higher high which is an indication for bullish movement. 2. Candles respecting the wedge upper line which is resistance. It may going to test the support and after that it is going to breakout of the wedge in a strong upward movement. 3. Engulfing Green Candle at the end of the wedge has also broken the White Trend line resistance which was tested 2 times before. Now Retrace is a normal process. It is going to test the support at 16626 and if it is rejected then a strong breakout is ON. Be ready for every kind of situation. I have tried to analyze it for you so that you can make your decisions accordingly. Thanks.
by SmartMaxi
BNB on next levelI am not financial advisor.Do your research first. Looking BNB enter into channel continuation,so it will back to 0.00192-0.00194 and then again start to up and will cross 0.002 above,will reach 0.00210. So if it will not break this trend then i can set my trades according to this pattern. Also RSI oversold in 4H chart so it will back to this range and again will start to up until channel continuation will break. for small period time frame short and then again long but overall still BNB full bullish.
Long
by aman02017