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Bnbshort

BNB needs to retrace a bit before it can go to new all time highI expect BNB to go down to at least the weekly level here. So if you are trading on bitmax i would definitely be shorting it to that level if it was me at that weekly level i expect BNb to have a decent bounce as a minimum reaction for a long will it make ATH's from there? it is possible altho i do not think so. I think it has to go down to 1 of those 2 big daily S/R levels preferably the bottom one. If it doe that i would personally be loading up hard on longs
Short
by Civel
$$$ I LOVE MAKING MONEY!! TIME TO BUY BUY BUY!! $$$Hello Everyone, It has been a while since my last analysis, life has been work busy. Today I decided to take the time to sit down and do some analysis for those of you interested in what I have to say. With that being said, using all of my techincal indicators and data, I have been swing trading BNB/USDT and TRX/USDT for the last several weeks with much success. Up until the today my favorite buy in area has been $17.50 with an exit anywhere between 18.50-19.50 depending on how the day has been going with trends. Currently I am very excited because BNB/USDT has broken below my personal buy area and,is holding strong with an average of $17.00-$17.30. I am going to be making another entry around these levels with a stop loss of $16-$16.30. There is a large ascending channel which is a positive upward sign, however, the pair is currently riding the lower band of that channel so we need to watch this area to see if it holds or, breaks below the channel. The pair is trading inside of the lower resistance zone (Red Boxes) which is off set in between the 100 and 200 MA's (Orange Lines) and riding in between the channel made by the MA's. I will be watching this area closely to see what direction we end up traveling. If we are able to break above the 100 MA we are closely approaching the upper portion of the lower resistance zone. If it holds and maintains, we are once again likely to see a break out towards that upper resistance zone (Red Upper Box). We have not been able to break above the upper resistance area of roughly $20 which I have been successfully using as an exit area. The short term trend is currently showing bearish signs so, those shorting this pair can consider setting a stop loss around $18.67. IF you decide to enter in the current area keep in mind that the bulls can regain control within a few days. I say this because the current trend is showing bearish signs, yet the long term is still bullish. Short traders can see an entry point marked by the red "E" which is telling me the trend is expected to possibly drop again for a small profit before it continues it's bullsih momentum. The overall long term is still showing a bullish trend on the martin trend indicator (green dotted line below the candles). The martin buy/sell indicators has just had a cross above the green lower green line which is a buy signal detecting a possible bullisih trend reversal. This is my entry point for the next swing trade. If the upper resistance continues to stand strong I will exit here once again. I have been flipping this pair with an average of %5-%10 profit with each trade. This has been a really fun and exciting pair to trade and I plan on riding this wave as long as I can. You also need to keep an eye on all of these areas and enter into a range based on the data you are seeing. Even though my indicators are showing a bearish mood, the overall trend is still bullish. The BNB/USDT pair seems to shift gears every 6-10 days. The bollinger bands, which are not shown here, are also indicating buy signals for long traders. The candles are riding the lower portion of the bands which is a buy low/sell high entry point as well. My overall sentiment on this pair is to flip it and take advantage of the highs and lows with every sentiment change. I have a current buy order placed at $17. I will adjust this number accordingly with minor adjustments if I see any price fluctuations. Currently the RSI and Stochastic are neutral but both a riding closer to the bearish/oversold side of the scale. RSI = 38.9 Stochastic = 40.1 Please hit like and throw me a thumbs for taking the time to inform you all of what I am seeing and doing with my trades or, if you have found this information helpful or useful! :-) I hope you are all successful in your trades and I encourage you to always do your own research as well for maximum success. Good Luck and Happy Trading! :-) :-) :-) -AWC- *THIS INFORMATION IS INTENDED FOR EDUCATIONAL USE ONLY AND IS NOT MEANT AS ANY BUY/SELL ADVICE. TRADE AT YOUR OWN RISK.*
Long
by AWColumbo
BNB BEST CASE SCENARIO Traders, Here we have BNBUSDT 1D chart. Beginning with this simple question: Can BNB Continue To Go Up Forever? Maybe - Should You Bet That Way? I Don't Think So We have 2 golden level from two different highs make it a strong gate to be broken. first we need to touch 17$ level then small correction should be done from 14$ again we will update. Movements of these candles tell me not to be too complicated at bull rally trying to be simple to reach the best results of analysis. Regards, Mohsen
Short
by MohsenCapital
BNB correction+Death CrossHey guys, First of all,i would like to tell you that i am a very big fan of Binance and what their team is doing for the crypto community. Even though we have been surprised multiple times by amazing news from the Binance development team,the BNB token used on their platform is about to lose some of it's value on behalf of BTC. As illustrated by the tehnical analysis that you can see above,we are currently in an early triangle formation,that suggests an upcoming correction to the price of BNB. Unfortunately,a death cross has formed,meaning that the 200 MA has gone above the 50 and 30 MA's. How to trade: In my opinion,staying out of BNB is the best decision,at least until we see some price stabilisation.I will provide you with an update as soon as the 18k satoshi mark is reached. Hopefully,we will see the price stay inside the white triangle and not break below. None of this is trading advice,as it only represents my opinion on how things will evolve. If this has been helpful to you in any way,please feel free to drop some change in my piggy bank, or just leave me a review in the comment section.(It would mean the world for me ;) ) BTC: 1FT5eALCLpTKtQDiwQrEvuq51ScXJQqDEZ ETH: 0x3d2966f2cd842dd4c63cb42991d234b8f07e78b5 For any questions,leave a comment down below and i will answer as soon as i get to see it. Cheers!
Short
by The_Sparrow
28
BNB/BTC (Binance) Great Future, But Wave 5 of (1) Looks CompleteBNBBTC, 5/24/18, analysis completed at 6:00 PM EST, by Michael Mansfield.  Hola trader friends, I love the Binance chart long-term. And, I like their business and think they have a great future. But, it’s first set of Elliott Waves up looks complete. I’ll be brief today. BOTTOM LINE: Binance has likely topped on its first major move since opening their doors. BNC Token has 3 legs up, each having at least 5 Impulse looking trending waves up, and two intervening correctives. Corrective waves alternated their patterns, depth and length. Perfect for a 5 Wave Impulse move to be complete. Current up-move off low on 04/20/18, looks like a weak corrective bounce, rather than a new up trend. Main cycles are now pointing down, at least until July 23, 2018. Consider shorting opportunities until then, or a new high is made negating this view. ELLIOTT WAVES: I’ve labeled the all-time high (ATH) as a completed Wave (1). First down move from the ATH, labeled Wave (a), and would likely be only the first corrective wave of an “ABC” 3 or more wave correction. The recent bounce would likely be Wave (b). I think it will ultimately be a FLAT correction, or a ZigZag. Either way, Wave (c) would likely be below where BNC is trading now, regardless of the shape of the correction. It is just a question of how much lower. After Wave (c) completes, that would likely mean that the first large correction, Wave (2) would be complete and a much larger degree Wave (3) would unfold higher. If true, you don’t want to miss that move, especially since Binance has such a large market share. VOLUME FORCE: Volume Force also says the recent bounce was likely a weak corrective rally, not new uptrend. CYCLES: This is a very new token. Trading began in August 2017, so the medium-term and Longer-term cycles are less trustworthy until there is more data. That said: Medium-term pink cycle has topped and bottoms July 23 +/- 2 days. Shorter-term cyan cycle is up until June 9th, then bottoms on July 3. Remember, the larger cycles usually dominate the smaller cycles. Since the bigger cycles are heading down, this bounce will likely be over before June 9th, and the low, even as stated, will likely later than NEGATED IF: This short-term bearish outlook would be negated if BNB makes a new high and the Klinger Volume Force indicator makes a new high, higher than its high on May 18th. If negated, that means this token is riding a much larger cycle than we can currently measure, which, is totally possible, and even likely, since it is less than a year old. DISCLOSURE:   This analysis is meant for educational purposes only. You trade at your own risk!   Cheers!  Michael Mansfield CIO  
Short
by UnknownUnicorn1613901