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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. If you like my analysis then do drop a LIKE and a COMMENT. Also dont forget to SHARE it with your friends. Also dont forget to smash that FOLLOW button to get daily analysis of multiple crypto currencies NOTE: These are my personal notes and in no way a financial advice. Do your own research and trade wisely.
by Manjyot
2
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. If you like my analysis then do drop a LIKE and a COMMENT. Also do SHARE it with your friends. Dont forget to click FOLLOW button to get daily analysis of different crypto currencies. NOTE - These are my personal notes and in no way a financial advice. Do your own research and trade wisely
by Manjyot
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 Please click Like button and Appreciate my hard work. Must follow me for latest crypto real time updates. Thank you.
Long
by BTC-fire
2
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. 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
Long
by Yuriy_Bishko
20
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. disclaimer *** 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. *** Any questions do not hesitate to contact me. I'm happy to be able to help you in the best way I can. 🙏
Long
by luizhcruz
2
BNB breakout. Which direction?It seems like BNB is reaching a critical point because it has respected the 20 day MA so far and the correction has likely happened. Looks like a big bull flag on the daily time frame and on the 4 hour time frame, however the hype from BNB has faded a little bit. So it can go 2 ways. Either breakout to higher highs (more likely because of a bull flag on the daily) or a downtrend to test the 50 day MA. in about an month there will be again a coin burn according to the CEO response on a tweet about it. Probably a lot of hype will occur. But for now I am not certain which direction it will go. Any suggestions? First analysis published btw
BINANCE:BNBUSD
by christianTG
BNB 🚀 bullish footpath! If you like the idea, i ask nothing else than your support with a "like" and a comment of your thoughts. Price has been printing an ascending triangle on HTF & LTF. Within, we see repeated breakouts of sub triangles to the active triangle. Currently trolling on the dashed yellow line which is poised to lead it through its corresponding upward channel from here onward. This is on the hourly, so I'm still looking forward to seeing which side this will troll on. Nonetheless, I'm bullish on this because advancing into either of the potential zones will breed a high swing PA. Look forward to it! $BNB 🚀
BINANCE:BNBUSDLong
by ferdybitcoin
1