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Bnbbtclong

Binance Coin: Significant 0.5 Fibonacci Resistance 1D (Apr. 22)X FORCE GLOBAL ANALYSIS: Binance Coin (BNB) is one of the most traded cryptocurrencies on Binance. In this analysis, we take a look at BNB's technicals to determine the probabilities for its next move. Bullish Evidence - We are trading in an ascending parallel channel on the daily, creating higher lows and higher highs - The Relative Strength Index (RSI) also shows higher lows and higher highs in an uptrend - The Moving Average Convergence Divergence (MACD) shows increasing bullish histograms after a golden cross - BNB has broken through and consolidated above the 0.382 Fibonacci level Bearish Evidence - The bullish histograms on the MACD are decreasing - We have seen tremendous bearish pressure shown by the bearish engulfing candles, indicating that bears might still be in control - On the weekly, we are trading within a descending wedge, creating lower lows and higher lows - BNB has been rejected by the 0.5 Fibonacci resistance - This could play out as a bear flag pattern What We Believe We believe that a break and close above the 0.5 Fibonacci resistance is essential for Binance Coin to continue its rally. A break below the channel support would confirm a new bearish trend, and a bear flag pattern playing out. Trade Safe.
by XForceGlobal
BNB (Y20.P2.E1).Looking for cluesHi All, Another good reliable ALT coin is Binance's BNB. I thought I have a look at how this utility coin is doing as it might shed light on BTC potential move and look for confluences over time. As you can see, it too is at the bottom macro trend line. I applied the possible triangle formation for either bullish or bearish and it seems we will have a bounce here which can give some relief. As I stated in my previous post, I am just going to sit back and watch until I see reason to enter for a quick short. Mind you, I'm still holding on the LINK and ETH to go long, until my threshold is breached. The WEEKLY chart it shows previously that we spent a few weeks on the trend line for BNB for bnb to bounce. This might be the case with BTC as well. Hence I will be patient and watch the weekly wicks. Please don't forget to give me a tick\like, as I would appreciate it. Regards, S.Sari (for my reference > macro.charts)
by ssari
6
BNB. Ascending channel 20%. Work on a coin. Local uptrend. In favor of coin growth. 1) Local uptrend. 2) Global uptrend. 3) The only coin that holds an uptrend after 2017. 4) Ascending channel in increments of 20%. 5) Strong coin liquidity. 6) Dad and mom in the face of the strongest player in the Binance market. 7) TOP cryptocurrencies. 8) The clarity of trade. ________________________________________________________________ BNB is one of the most powerful coins among more than 2000 different types of menagerie of coins. The BNB coin is now in a global uptrend. A local uptrend has also begun, which has formed an upward channel. Channel in increments of +19 - 21% . Good place to make money. It is also very important that all potential movements are easy to predict in the future. Currently, trend trading within the channel is from support to resistance of the channel’s trend lines. If the Binance exchange raises its price with bots on a similar formation as before, then perhaps with a breakthrough of the rising channel we will see a new maximum price. Sooner or later this will happen. If the Binance exchange does not cease to exist. _________________________________________________________________ Entrance on a breakthrough or rollback after a breakthrough depending on what your trading strategy is and at what level the entrance will be. When trading in the channel, the entry is at the bottom of the channel when confirming support. __________________________________________________________________ Who uses Stop Loos - as the price rises, be sure to move them up taking into account the volatility of the instrument. When trading in the Stop Loos channel behind the channel support line. But it is possible that they will knock it out if they make a false breakdown before growth. ___________________________________________________________________ The first real target is to trade in the channel + 20% (maybe several times). The second target is a breakthrough of the resistance channel in the region of 0.0033 (yellow level). The third target is the previous high in the area of 0.0044 (this will be possible if the price consolidates above the level of 0.0033). The fourth target is a new maximum price - 0.0061 or + 144% from the channel breakout zone. Adverse events if the local uptrend breaks - the target of the short is 0.0018-0.0020 (purple support line). Below I think they will not give. __________________________________________________________________ In this trade, it is very important to follow the ascending trend line (green line). Especially when the price approaches it (to the bottom of the channel). Specifically highlighted the red zone on the trend line of the uptrend for clarity and comprehensibility. If the price breaks through it and consolidates below it, the uptrend is changing. Always trade with the trend! If this happens, then with a high degree of probability the price will fall to the support zone in the area of 0.0018-0.0020 (purple line). This is a very strong level of support. I doubt that the Binance exchange will let it break through. _____________________________________ Specially showed on the previous upward and downward trend how well the trend lines work and work out all the figures in the classic TA. There are no tricks and deceit. There is only one reason, the exchange has a lot of money and it will not "get dirty" on its coin. According to the BNB chart, one can study the classical working out of TA figure, at least the last two trends. Feel the dynamics of the transition of one figure to another. 1) Ascending channel 66 days + 66% . (I previously described in my chat how to read non-random numbers). By the way, I received the first communication lessons of this kind back in 2017 in the summer on the first pump of the same BNB coin! 2) Then a breakthrough of the channel and an ascendant pennant. Testing to the height of the flagpole in the classic TA. 3) Triple top (reversal pattern) at the top of the trend. 4) Breakthrough of the uptrend line + breakthrough of the “Neck” line of the triple to p - the final confirmation of the trend reversal. 5) Downtrend . The formation of a downward wedge. 6) Breakthrough of the descending wedge and the beginning of the formation of the ascending channel - trend reversal. But the most important thing in trading is trend trading. Always follow the trend lines!
Long
by SpartaBTC
14
BNB 27$ !Traders, Here we have BNBUSDT 1D chart. What we have here is a great example of douple bottom pattern with three drives tops at 22$ which is a great chance to have a bull run in the next few days. How to handle this trade ? 1- Don't get into the trade if you have not the confirmations. 2- confirmation is reaching the neackline price at 22$ in the next few days. 3- Waiting the second soldier candle after breaking the neckline. 4- Getting out 50% of the trade at the next Resistnace 5- Getting into again in the retesting level to catch the train well 6- Like if you appreciate this idea Regards, Mohsen
Long
by MohsenCapital