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
Bnblong
Is BNB forming a potential Head and Shoulders pattern?BNB has been performing outstanding for some time now. Also as predicted in out earlier Idea that BNB could potentially touch new ATH.
However what is interesting to see here is that BNB could form a potential Head and Shoulders pattern, if it manages to touch the Neckline. Neckline is till below its usual upward moving channel. However if BNB breaks lower part of upward channel (Green lines) then it will be officially in an H&S pattern. If this is the case then we might not see another ATH any time soon. Going by the pattern we have two scenarios here:
Scenario 1 (Red Path) - BNB to continue its journey and breaks current ATH to create a new ATH.
Scenario 2 (H & S Pattern) - BNB to stay below current ATH and could potentially break S1 and then try to recover between S1 & S2.
May be next couple of hours could give us much more clear picture of where BNB is heading.
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Is it time for BNB to rest after outstanding performance?BNB has been moving at an impressive speed over the past couple of weeks and it has touched its new ATH in April. BNB is moving in an upward parallel channel, however post touching its ATH it has not tried touching it again. Instead it has settled for 352, which indicates it might be heading for a downward trend.
However it is too early to say, if BNB is officially in a downward trend. It hasn't touched the other corner of its upward trend yet. So we will have to wait and watch if manages to break the Green parallel channel to officially enter the downward trend. After analysing all the trends, below are three potential scenarios.
Scenario 1 (Black path) - BNB will bounce back from 330-337 range and can potentially try to create a new ATH. However if it is pulled back from its earlier ATH, then it can potentially form Double top pattern.
Scenario 2 (Red path) - BNB will break green upward trend and will officially enter the downward trend. However it will be supported by S1. In this case BNB will be moving in an descending triangle, which is again an indicator of further fall.
Scenario 3(Blue dotted path) - BNB will ignore all trends and will straight way follow the downward trend channel by initially taking support at S2.
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BNB ready to quickly 500$I am not financial advisor.DYOR
BNB fundamentally very strong and still undervalued very strong coin.
BNB ready to go very quickly 500$ price
After breaking previous resistance now nicely retested support and ready to go first above 400$ and then 500$
TP1 400$,TP2 440$,TP3 480$,TP4 500$
hodl TP my fav 1000$
BNB +$1000 trip starts ... book your seatsIn all ways I think that BNB will exceed $1000 for 2021 , however we can say that it will begin in that case...
we need breakout as a 4hr candle close above the resistance $351 so we can predit $445 then $596
and in case price drops Fibonacci levels can guide strongly where to buy as per the chart below $293 is considered good entry
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BNB - Breaking the strong resistance line🚀 What's next?Preconditions:
- break out of the strong resistance level
- accumulation zone
- global uptrend
- new token sale on Binance Launchpad
I expect great growth from the coin. But for now, it is important to test the first two targets.
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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/USDT $500 inboundAfter the monster rally BNB experienced earlier it has consolidated nicely (bullflag) with price briefly trading below the lower trendline before rebounding to near the upper trendline. OBV is very positive with the upperbound getting testing a few times now. Looking for the OBV to trend higher before price makes its way above the upper trendline. Targeting a price of $500.
BNB in the diary awakening its potential! Impulse wave!?Technical analysis regarding the price of BINANCE COIN in relation of dollar Tether for the next scenarios, based on daily movement.
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*** In accordance with CVM Instruction No. 598, of May 3, 2018, Art. 21, I declare that the recommendations of this analysis reflect solely and exclusively my personal opinions and perceptions and that they were prepared independently and autonomously. Not being considered a purchase and/or sale recommendation. ***
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BNBUSDT Symmetric Triangle formationBNBUSDT (4H CHART) Technical Analysis Update
Waiting for the symmetric triangle breakout
BNB/USDT currently trading at $271
Buy-level: Only buy after the resistance line breakout (Above $285)
Stop loss: Below $224
Target 1: $315
Target 2: $345
Target 3: $375
Target 4: $400
Max Leverage: 2X
ALWAYS KEEP STOP LOSS...
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Binance Coin (BNB) Could Test ATH Within Next Couple of WeeksWith more projects looking to solve the gas fee problem, they are looking to the Binance Smart Chain to do it.
This will create more demand for BNB and that's why I think it held pretty strong through yesterday's sell off.
My expectation is that it'll continue this consolidation pattern for probably a few more days before starting it's run up.