💡 Don't miss the great buy opportunity in Binance Coin/EthereumTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.05028). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. Binance Coin/Ethereum BNBETH 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 52.
Take Profits:
TP1= @ 0.058520
TP2= @ 0.068560
TP3= @ 0.082360
TP4= @ 0.096990
TP5= @ 0.116030
SL= Break below S2
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BNBETH
BNB/BTC (Weekly Bullish Engulfing Candle)BINANCE: BNBBTC
-Binance coin broke the midterm resistance at 0.00240 sat
-This is an engulfing Bullish if the weekly candle closes above
-Can we expect a pullback to test old resistance becoming new support?
-If the next candle is also Bullish then it will not happen in the near term
-It is more likely to test the resistance at 0.361 sat before seeing a correction
-I'm not saying BNB will go straight to ATH so please don't FOMO!
-The market will not go straight up, wait for a proper pullback if you want to enter
-Plan your trade before executing and calculate how much risk you are willing to lose
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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
BINANCE COIN ($BNBUSDT) 💠| How To Get In Binance's DM's🕊️ Things are looking up for Binance bulls after a Poloniex listing and news of the upcoming Binance UK launch.
While BNB's chart has seen better days, there is still hope for the bulls. Let's take a look at some levels.
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Support:
The first point of support for BNB is the S1 bullish orderblock. If the bulls can find support here there is a chance of breaking out of the current range while still keeping a lower high intact.
The next point of support is the bullish orderblock at S2. Breaking below this means risking a potential uptrend, and this isn't what the bulls want to see.
Resistance:
Due to the volatile price action going into COVID BNB has a good deal of resistance to contend with. First up is the R1 S/R flip just above the price.
If R1 can be broken, then the R2 orderblock and prior swing high at the top of the current range is the only thing standing between the bulls and a potential run.
A break above the current range is bullish and would find the bulls squaring off against the R3 orderblock formed by the dead cat on the way down in the COVID drop. Getting here is a great sign for the bulls, so a rejection at R3 isn't necessarily a problem (especially if R2 can flip to support).
Next up is the R4 prior swing high orderblock cluster, again formed from the dead cat during COVID.
Above R4 are the R5 and R6 orderblocks from previous swing highs during the drop. These levels may or may not see a reaction on the way up, it really depends on how much momentum BNB and crypto as a whole has at that point.
Lastly, the bulls have the R7 previous top. A breach above this with conviction would obviously be great news for the bulls.
Summary:
BNB has always been a top contender due to it being so important to one of the most important and liquid exchanges. It has lagged recently, but there is still plenty of room for the BNB bulls... if they can bust out of this current range and pick up some momentum.
Resources:
cointelegraph.com + www.reuters.com
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🤢 Binance Under Pressure.(BNB)🤮 Top red line is current major Resistance and we are already showing potential signs of exhaustion for price continuation.
This is what we would call a range play on the Crossover strategy as the candle begins to fire red and showing signs of the Crossover. The ema dots are also firing red. These are the type of plays we look fo. Use the height of the candle as a stoploss or exit the short if the candle flips back up to green.
We like to use the 3day because as you can see it cuts out most of the noise, typically a safer trade to take trading larger timeframes vs lower timeframes.
We like to use 1-2% and sometimes 3% stoploss. Usually a 1% move back up will shift the Crossover strategy to show you signs of exit. It's all about playing the turning points in the markets and risking that small amount and riding the gainers. You will Capture the major trends even if it were to flip on you and get stopped out for a 1 - 2% loss. As of now we look bearish. Preferably we would like to play the reversals at the edges of major support and Resistance, but it is an opportunity.
If the ema dots go green and candle gles green then you would look to play the bulls.
Do not let the trade get away from you if it goes bad. Risk management is key! More important than anything!
Never go all in on one position and never marry a bad trade!
Best of luck to you! 🎲🎲
🥇MLT | MAJOR LEAGUE TRADER
short positionHello dears
1. BNB/BTC Chart shows that strong support is broken and in a downtrend status
2. BNB/ETH chart shows that two strong supports are broken and in a downtrend status
3. Daminance is broken down in the descending triangle
So we conclude...
The price of the Binance coin will drop
BNB/ETH - Buy breakout and/or retestLooks all positive. Only concern could be TOTAL Crypto drop in USD. In that case, would need to hedge short ETH / USD. But really if Binance rises, seems like it would pull up all crypto. Also, could be safe to buy a partial position and then add on either a retest, or a further breakout. Depend on size of position, risk tolerance, etc.
BNB/BTC (Bullish 4H pattern?: up to 16% profit)BNB/BTC
BNB is forming a bullish ascending triangle which typical breaks to the upside.
If this pattern turns to be correct the upside target is up to 22500 sat and stop-loss below 50MA.
Entering a long position on the current price will require a tight stop-loss
to protect reduce the risk since it is an aggressive entry without confirmation.
BNB/USDT TA Update (bullish scenario?)BNB/USDT
BNB finally showing some strength after making its 1st higher high on the 4H time-frame.
The price also manages to trade above 50MA and a bullish on with the 20MA too.
The immediate area of support must hold for the next 24-48 hours to keep the bullish momentum in play.
No red flag yet despite the minor rejection at 13.7 trend-line resistance. The priority remains bullish today.
BNBUSD Very Bullish Mode And My Retired Plan is $300#BNBUSD Chart:
Current Price Of BNBUSD is $16.8
#BNB After Breakout Retest Also Done At Support Line.
Next Resistance : $56.9
Support: $16
I am buying more $bnb
Also check Retired Plan with #BNB
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#Binance Coin | BTCBuy Between : 0.0021394 - 0.0019322
Target 1 : 0.0023429
Target 2 : 0.0025575
Target 3 : 0.0027647
Target 4 : 0.0032790
Target 5 : 0.0042891
Target 6 : 0.0046739
Stop loss : 0.0017287
Risk/Reward : 11%/150%
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BNBUSDT Retirement Plan for Long Term $390BNBUSDT Weekly Technical Analysis Chart:
BNBUSDT Now Current price is $25.35.
What Chart Says..?
According to chart BNBUSDT looking Super bullish.
In weekly chart BIG Triangle Working.
Current Very Strong Support is $15.24
And 50 MA Support Also very good.
50MA Support is $22.09.
If we hold this 50 MA then next leg up also very big.
But small tine frame we can see some retracement and retracement is very good for long Run.
now parabolic Resistance also BNBUSDT broke out so this is very good sign for Bullish Pattern.
1st Resisatenc in weekly Chart is $56.93.
After this resistance BNBUSDT would fly very fast.
My Retirement plan of BNBUSDT would be $390.93.
Also guys you can do your own Research.
I am Strongly Bullish on BNB.