BNB in Correction WaveWhen BNB finishes wave (C) (or (E)) of this Correction Wave + prices be around 406-408-410 (fib levels) + the “time” is right + MFI is “low enough” = I shall go long again
BNBBUSD
BNB Update 12 Aug 2021Here's the analysis of #BNB:
#BNB building new higher highs and almost pushed near its resistance level. Right now, #Bitcoin taking little correction and impacting the whole market. $417 - $437 is the major resistance level. We can expect the price can take a retest back till its structural support zone is around $346 - $356. You can put a buy limit at the zone with proper risk management and stops😊
BNB over 500?Binance Coin broke up this triangle📐 so I think there is chance for run to 518 and even higher. Setting BUY LIMIT order in anticipation of another dip to get in. Come on BNB !🔥
ENTRY: local high @ 328
SL: local low @ 297
TARGET: height of the triangle projected from midpoint of the local range (BUY LIMIT - SL) @ 518
RRR: 6.2
INVALIDATION: when SL level hit
Like👍, follow✒️, enjoy📺!
💡Don't miss the great buy opportunity in BNBUSD @binanceTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (321.72).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. BNBUSD is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 70.
Take Profits:
TP1= @ 346.99
TP2= @ 360.66
TP3= @ 374.33
TP4= @ 387.99
TP5= @ 429.71
SL= Break below S2
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💡Don't miss the great buy opportunity in BNBUSD @binanceTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (321.72).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. BNBUSD is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 69.
Take Profits:
TP1= @ 346.99
TP2= @ 360.66
TP3= @ 374.33
TP4= @ 387.99
TP5= @ 429.71
SL= Break below S2
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. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
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Now, It's your turn!
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Binance Coin #BNBLooks like we are forming a rising wedge which is a bearish continuation pattern... The resistance also meets an important global resistance and will look for shorting opportunities there.
When BNB Meets resistance, Dominance will start to rise and this supports our short trade too... Draw the chart in your tradingview and watch it like an eagle.
Thank you
💡Don't miss the great buy opportunity in BNBUSD @binanceTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (330.80).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. BNBUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 54.
Take Profits:
TP1= @ 377.80
TP2= @ 422.70
TP3= @ 485.20
TP4= @ 527.80
TP5= @ 598.90
TP6= @ 681.20
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
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💎 Want us to help you become a better Forex / Crypto trader?
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Trade well, ❤️
ForecastCity English Support Team ❤️
💡Don't miss the great buy opportunity in BNBUSD @binanceTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (330.80).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. BNBUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 54.
Take Profits:
TP1= @ 377.80
TP2= @ 422.70
TP3= @ 485.20
TP4= @ 527.80
TP5= @ 598.90
TP6= @ 681.20
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 / Crypto 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 ❤️
BNBUSDT Entry Support and resistanceBNBUSDT Entry 1st entry 299 to 277 worst case scenario btc support reject market down trend 247 to 220
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BNBUSDT i.using the fibs from January's expansion, price is consolidating at equilibrium 365zone (fibs 50%)...
ii. price got rejected twice around 290-279zone(fibs 62%) indication a possible push back up but the equilibrium zone is a major hurdle as well as 443zone (fib 38%), 413zone, 485zone
iii. A break below 350zone (S turn R) exposes 244zone and further breakage exposes price to 190 order block (4hr), Sweet Spot
iv. a break above 486 zones/4hr trendline would expose the 553 (fibs 78%) leg up
blue lines indicate buying opportunities, Redlines indicate hurdles on the way up or selling opportunity
Not a financial advice, just my thoughts
Trading idea for BNBBUSDI am using BUSD pairs because still there has been no comission :) BNB has broken its correction downtrend and ready for new ATHs in my opinion. So I am still holding my BNBs.
BNB Reaches ATH But Prints Bearish Head & Shoulders-BNB reaches new ATH of $680
-Price is currently being held by 50 MA
-Major resistance is $656
BNB has has a crazy bull run the last year rising nearly 4000%. Binance Coin just hit yet another ATH of $69 the last few days. Bears held resistance well as BNB is down almost 10% of its high.
BNB has been forming a wedge pattern the last month and both trend lines have been respected well. The major resistance of $656 was met with the top trend line of this pattern. This is where BNB rejected as it must hold this mark to continue higher.
The BNB price has formed a bearish Head & Shoulders the last week. If BNB breaks the black trend line (neckline) it may experience a fall to its long term trend line. The price is currently being held up by the 4HR 50 MA. If these two levels fail to hold, expect a retracement.
While looking at the RSI we can conclude it just broke the 50 level and is headed for a 2 week low. The Stochastic RSI tells a similar tale as it heads towards oversold levels. Strength must quickly turn around to save BNB from another fall.
BNB intraday levels
Spot rate: $624
Trend: Bearish
Volatility: Moderate
Support: $600
Resistance: $656