BNB To The Moon! - Fibonacci AnalysisBNB To The Moon! - Fibonacci Analysis
BNB looking good! It bounced back of Fib 0.6 and heading North.
Entry Point: $400 - $500
Take Profit #1 at $695
Take Profit #2 at $614
Take Profit #3 at $580
Disclaimer: This is not a financial advice. This information does not provide individually tailored investment advice and does not take anyone’s circumstances into consideration when discussing investments, nor am I registered as an investment adviser or broker-dealer in any jurisdiction. Information contained herein is not an offer or solicitation to buy, hold, or sell any cryptocurrency.
Bnblong
BNB INDECISION!Bnb had a huge price action for maybe over a year and in the last couple of months.
Bnb price doesnt affected by the market sell off and still consolidating for the last couple days with lower volume.
To be honest i really think bnb should go lower before another price spike because it went parabolic and need to chill a bit.
I m not buying from this area but i will definitly not short it! Im waiting price action to get out from triangle and then make a decision.
Be patience before making any trade decision.
BINANCE (BNB) BUY/LONG OPPORTUNITY NOW READYTICKER CODE: BNBUSD
Company Name: Binance
Industry: Blockchain & Cryptocurrency
Technical Analysis
1. Pennant Pattern
2. Pennant Breakout (Upwards and retraced)
3. Fibonacci Retracement at 0.618 (Golden Zone)
4. Fibonacci Expansion Safe Take Profit Level 1 (Grey Zone) Also the length of Flagpole
5. Binance current near the Oversold Level in RSI
BNB skyrockets to record highs while $1,000 beckons
Binance Coin Price Analysis: BNB skyrockets to record highs as $1,000 beckons
Binance Coin rallies to hit a significant milestone at $638 amid the bulls' push for gains past
$1,000.
The MACD adds credence to the bullish outlook despite resistance at $600.
Binance Coin has quickly become the darling of the cryptocurrency market. In addition to making a significant spike to $638, a new all-time high, the token's market cap almost hit $90 billion. BNB still sits in the third position on the market after Ethereum.
Binance Coin bulls battle to secure higher support
The exchange-based token teeters at $577 at the time of writing. This follows a minor correction from the newly traded record highs. Support above $600 became an uphill task, but currently, buyers are focused on established support at $550.
The short-term analysis shows that Binance Coin is in the bulls' hands despite the recent correction. This bullish narrative has been reinforced by the Moving Average Convergence Divergence (MACD). The indicator is not only in the positive region but also in a bullish impulse. For instance, the MACD line (blue) has sustained the signal line's positive divergence since the weekend session.
Closing the day above $570 and, by extension, $550 will ensure market stability. Here, buyers will build upon the support for gains toward $1,000. Immense buy orders will be triggered once Binance Coin slices through the hurdle at $600 and $638, respectively.
It is worth mentioning that a correction will come into play if the support at $550 gives in. Sell orders may be triggered, adding pressure to the bearish outlook. Subtle support has been envisaged at $500, but the primary anchor holds $450.
Binance Coin intraday levels
Spot rate: $577
Trend: Bearish
Volatility: Low
Support: $5050 and $450
Resistance: $600 and $638
BNB has broken $600 mark. Time for a pullback or another leg up!So, BNB has finally crossed $600 mark within no time. It was just last week, when I wrote my previous analysis for BNB and it was trading at around $340 at that time. It has been climbing real fast.
What now ? Is it a time for a pullback or do you see another leg up ? share your views
In my opinion, RSI is overbought for the fifth time now, MACD and signal lines are far apart. Also, the price has broken upper bollinger band. Volume has seen a good spike up. It should see a pullback soon. May be could visit $500 to $600 areas, accumulate and move further upwards. On the other hand, if the volume keeps on increasing it might break the next psychological level of $650, $675 or even $700. Who knows, it's a free territory for BNB.
For trading setups, I would say " BNB is in price discovery at the moment which makes prediction difficult, at this point it would be risky to go long" . Wait for a pullback, a confirmation and then fill your bags, if you want to. Markets discount everything. Remember that :D
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Happy Trading
BNB in a Bull flag.The price action of BNB at hourly time frame has formed a bull flag, which has bias sto break to the upside.
A break to the upside would mean a break to a new all time high.
I expect the price to hit $420, find support at $410 and move to $440.
RSI needs to break above 60 to confirm bullish momentum.
Good luck!
BNB, Binance Coin - I'm waiting for a breakout pattern⚙️BNB creates a local range near an important key level. I expect the continuation of the movement in this range and squeezing to the level. Only in this case, we will create a great breakout pattern for a long position.
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
BNB Buy a break setup.BNBUSDT - Intraday - We look to Buy a break of 382.4 (stop at 369.6)
Daily signals are bullish.
Bespoke resistance is located at 380.0
3 positive daily performances in succession.
We look for gains to be extended today.
The trend of higher highs is located at 420.0.
Our profit targets will be 418.4 and 438.4
Resistance: 380.0 / 400.0 / 420.0
Support: 360.0 / 340.0 / 316.0
BNB 140% gain?? - price predictionOn the daily chart there is this big ass ascending triangle on which there just has happened a breakout. If we follow the Fibonnaci breakout tool, we see 2 possible targets that are around the 560 or 900 dollar level. The quarterly coin burn is also bound to happen between 16 and 23 april. Just as previous huge breakouts happened after that news, this could be a tremendous compound of good factors, resulting probably in a 140% gain coming days/month