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Bnblong

BNB Huge Triangle FormationBNBUSDT has formed a huge triangle, with a very strong longstanding trendline that has seen 7 significant rejections since June. Price is currently testing that lower trendline after a series of lower lows have driven us into a consolidating triangle. Expect price to break sharply out of this triangle. Immediately below the bottom trendline is an area that has also acted as strong support recently, which could set up for a potential fakeout - a sharp break below the trendline only to meet support and bounce right back through the top side of our triangle (shown as the purple line on the chart). Short term expectation is to see a bounce unless we see a break below the lower support level, in which case we could expect to see a drop to the low 400s. This is not financial advice. You are responsible for your own trading decisions. Comment your idea below, give a like and follow for more!
Long
by HayeTrading
1
BNBUSDT Here's a clear chart to understand it. Only recomended for spot trader only. 👉 In Daily timeframe there's a bullish pennant, which is completely breakout upside. Long it now and some at the pullback for the retest of the pennant. The target for the bullish pennant is 600, ATH. 👉 Second scenario is, that there's Cup&Handle, which is going to be completed soon, and if there's a successfull breakout at the ATH level. Then the Targets for the cup&handle is 700, 1000, 1050. 👉 Third scenario is, if we fail to break at the Cup&Handle scene. Then there's a pullback again to the 510 level. And the whole shape is creating the acsending triangle. And the target for the acsending triangle is, 700, 1000, 1100. Everything mention on chart. Manage your own risk accordingly with that.
Long
by Jouharali312
Binance Coin (BNB) Buy ZoneBinance Coin (BNB) Buy Zone -------------------- BIAS Long-Term : Bullish RISK : LOW Binance Coin currently holding our old long term key Resistance and Support levels, which bounce at least 5 percentage point anytime. On daily time frame, Binance Coin froming a bullish pattern. Binance Coin burn to take place on or before January 20th. (can happen as early as January 17th.) meaning that we’re likely about to see a Binance Coin jump of 10-15 percentage. -------------------- $BNB/USDT SPOT SETUP Entry Price : 519 - 532 Mid-Term TP 1 : 540 TP 2 : 554 TP 3 : 577 TP 4 : 604 Long-Term TP 5 : 649 TP 6 : 703 TP 7 : 764 TP 8 : 840 Stop Loss : 485 *Stop Loss - BNB daily close below 485 *Maximum 5% of Portfolio. *Unload 12.5% at each TP. Whenever TP 2 hits, Move stop loss to entry. --------------------
Long
by Zerene
1
BNB - strong buying pressure at current price levelBNB is in good position for short or even longer term trade. 3D chart is used for analysis because of better visibility of longer time period. With buying pressure present at current support level and stop loss just under recent lows, risk/reward ration is very favorable. Ever since big pump and expected dump after it, BNB is creating higher highs and higher lows. Shorter term price action created descending triangle. Usually it is pattern with bearish outcome, but here considering BNB strength in recent market uncertainties and strong buying at current level, I lean more towards the bullish scenario. For short term I'm planning trade up to the upper trendline and when it is break another one to previous ATH level. Long term holding chunk of BNB isn't part of this trade.
Long
by Philippe_0x
OMG, there is a bearish wedge on the BNB chart. An upward wedge has formed on the BNB chart. Which statistically breaks downwards. It is also worth noting that the bulls' attempt to break the upper boundary of the wedge failed and there was a false breakdown. According to the rules, the target of the figure = the height of the figure, in this case, it is 10%. In the case of a breakdown of the lower boundary of the wedge, there might be a good opportunity to sell. In the case of a false breakout of the 489$ level, there may be a good buying opportunity. Write in the comments all your questions and instruments analysis of which you want to see. Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU. P.S. I personally will open entry if the price will show it according to my strategy. Always make your analysis before a trade.
by Yuriy_Bishko
10