Bnblong
BNB/USDT : Buy setup | RR 5.77 | 2 factors are making it bullishBINANCE:BNBUSDT
Hello everyone 😃
BNB is currently consolidating in an uptrend.
The bulls are buying the dips to the $480 support while the bears are defending the $600 to $638.57 overhead resistance zone.
A range-bound action after a strong uptrend shows that traders are not hurrying to book profits.
Now there are 2 Factors that makes bulls stronger in current situation;
1️⃣ Break above MA100 and MA200 and take hold above stiff support zone.
2️⃣ There is a symmetrical triangle formed, Which is leading BNB for higher levels.
1️⃣ Break above MA100 and MA200 and take hold above stiff support zone.
BNB had a rejection from it's last bullish trendline and now it's pulled back from a support zone and a bullish trendline
On 2H TF chart;
MA100 and MA200 are below BNB's price now and there are two stiff supports which will be a major reversal points for BNB.
Also There is a bullish trendline which will make bulls stronger.
Now it seems that Bulls used EMA 20 on 1D chart to climb resistances one more time.
🔴 MA100 and MA200 had a bearish crossover but they are being bullish again; So wait for a confirmation from Lower TFs !
2️⃣ There is a symmetrical triangle formed, Which is leading BNB for higher levels.
On 6H TF's chart; BNB has formed a symmetrical triangle.
MACD is being bullish and there is another bullish trendline which is broken by current candle.
Also MA50 failed to reject BNB's movement...
Now triangle's higher line seems to be weak !
On last try it has some missing shadows above it's resistances.
So it's expected to have a bullish breakout on next attempt !
📌 Have to mention that it's not recommended to search for longs when BTC is being overheated again on lower timeframes.
🔴 Bears will try to reject BNB's movement on 600$ - 638$ they will use it as a stiff resistance.
🔰 Alternatively, if the bulls push the price above the moving averages, the pair could rise to the resistance line of the triangle.
A breakout of the triangle may signal the resumption of the uptrend.
Hope you enjoyed our article about BNB's possible rally 🙌
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@Helical_Trades
BNB/USDT Ready for $300...? What is chart saying.?#BNB/USDT TA Update:-
$BNB currently trading at $561
And this is looking good for Fresh Short entry.
Why..?
As per TA chart is looking Bull Flag but My psychology is saying we can see down Trend.
So also ready for both scenarios.
Now I am shorted $BNB at $561
And if candle close above $585-$590 then I will exit from short and Long Target will be $850-$900
Only when if closed above $590
I also ready for both scenarios after confirmations.
Entry:- $561-$575
Targets:- $486/$438/$354/$296/$251
Stop Loss:- Strictly recommended If price close above $590 then I will exit from short position.
Support: $486/$438/$354/$296/$251
Resistance:- $589 / Moon
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BNB-The formation of Triangle pattern in wave IVIn the 3-day chart, the uptrend is crystal clear, which can be extended up to the target of $ 800 to $ 1,000.
In the 240-minute chart we can see the triangle pattern ,which has been completed in the range of $ 515. This movement is a good indication for the termination of the corrective movement, in wave iv from point 3.
BNB Buy the uptrend.BNBUSDT - Intraday - We look to Buy at 507.4 (stop at 491.6)
Daily signals are bullish.
Trading close to the psychological 500 level.
We look to buy dips.
The trend of higher lows is located at 500.
A lower correction is expected.
Our profit targets will be 554.8 and 578.8
Resistance: 550.0 / 580.0 / 600.0
Support: 530.0 / 500.0 / 485.0
BNB/USD SYMMETRICAL TRIANGLE 4 HOUR CHARTHi guys!
BNB/USD chart I posted yesterday in my groups a Small Symmetrical Triangle what also sees in this chart. And we have a big potential Symmetrical Triangle as you can see and with the small one Should we make the breakout from the big one or get a reset we are still in the big one. I think the BNB will come to a new ATH if BTC behaves well and continues the uptrend :-) If we reach the target of the small symmetrical triangle I will take some profits there and if we have the breakout from the big then with confirmation again increase the trade as my entry is very far down.
Good luck with the trade :-)
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BNB buy the support.BNBUSDT - Intraday - We look to Buy at 536.6 (stop at 518.8)
Daily signals are bullish.
We can see no technical reason for a change of trend.
We look to buy dips.
Dip buying offers good risk/reward.
Previous resistance, now becomes support at 530.0.
Our profit targets will be 594.6 and 612.6
Resistance: 580.0 / 600.0 / 614.0
Support: 560.0 / 540.0 / 530.0
BNB"Flag". We are waiting for the "Cloth" to break through upwards. The breakout criterion is the closing of the whole candlestick or most of it above the "Flag" resistance line. After that, it is recommended to buy either immediately on the breakout, or after a rollback to the upper border of the "Flag".
Take at strong resistance levels.
BNB analysisAt 18th of April bulls bought the dip at 454$ which could raise the price back above. Bears are likely to defend the 550$ resistance if they manage to that then price may drop to 428$ and then to 348$ support.
If EMA20 at 550$ breaks upward then price may reach 600$ and then to 638$ and finally to 832$.
Next opportunity for buying Binance coin for 1000 $Hey guys what's up !?
Don't be afraid and do your job with risk management .
Because of the burned coin of the Binance coin and the fundamental reason I decided that to buy it again but not at this price! at least not top of the 500$ so you can buy it in multi-step and wait for the 1000$ in future !
I start buying at 450 - 350$
Notice: Be sure to stop-loss !
Drop some feedback below in the comment!
Thanks for your attention 🙏!
Trade well, ❤️