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Bnbshort

BNB USD is ready to fall!My TA on 1D shows that: 1. Price is at the top border of its red channel. I cannot foresee where it will hit its peak, but it would be plausible to go SHORT within 555-580 USD range. RSI index supports this peak, it is almost at 80 level. It may go above. However, while the price is still rising, the vertical volume is decreasing. Best to check MACD for further confirmation just to be on the safe side. 2. Take Profit 1 is best to take at the liquidity level. Currently it's around 38.2% on Fib along with the bottom border of a red channel. 3. The red channel is forming Wolf waves. If this is indeed the case, then exit and TP 2 will be around 430-420 USD, which is 53%-55% on Fib!
Short
by WallStreetFox
5
BNB shortthis note just for me. I'm researching by date. I see every after that blue line. there is always a significant decrease. blue line on 7 september, 15 september, 23 september, 10 october and 17 october. the further back the date range the further away. I think after october 3rd there will be another big sale. I am confused why there is no number 4 on the blue line, straight from blue line 3 to blue line 5. I think the farther the range of the blue line makes the candle go wild up and down. or just a boring side way. I'm still trying to think that bnb will 211-217 before continuing to increase to 400 and above. these are all just my thoughts. anything can happen. if i miss, no problem. if it's right, no problem.
Long
by SeanPrestonFederline
BNB WYCKOFFHey traders, I've spotted multiple accumulations on BNB in the past days, but we've looked much worse than BTC (take a look at my latest idea). We've been rejecting the breaker block which will act as our OTE and we really like grabbing the 0.5 fib level which I've annotated using a magnet icon. I expect to take some profits there and then as price hits the golden line. As always like and follow if you found this analysis helpful and want more quality price action breakdowns in crypto. Happy Trading all!
BINANCE:BNBUSD.PShort
by TRADE_SNIPES
BinanceCoin (BNBBTC) Potential Rejection and Short!Hi guys, this is OG back with another Bitcoin update. If you find value in my work, please do like, share, and comment. And also feel free to share your ideas and technical analysis in the comments below. BNBBTC is testing the 200MAs on the 1H timeframe for the 1st time since price broke down from the 200MAs. Price typically bounces on the first retest of the 200MAs after an extended move. There is initial rejection right now, but I am waiting for price to close below 0.009340 with strong volume before opening up a short position. Check out my technical analysis videos for more in-depth analysis and trade setups for Bitcoin, Ethereum, and Altcoins. Why follow? 1. Community of Technical Analysts sharing analysis and trades 2. Live tracking of whale wallet movements 3. Live update of the latest important news 4. Live syncing of popular crypto tweets 5. Ebook covering how to be profitable in the cryptocurrency market As always, I’m not a financial advisor, all information presented is for educational purposes only and not meant as financial or investment advice, do your own research, and stay safe!
Short
by cryptotraderog
Binance Coin recovery hits more barriers toward $360Binance Coin suffered rejection before hitting $440 last week. The bearish price action superseded a recovery move from the crash to $210 in May. As sellers regained, the bulls' focus shifted to securing higher support, perhaps at $400 and $380. However, declines soared, with Binance Coin plunging below the 100 Simple Moving Average (SMA) and the next tentative support at $340. BNB tested support at $320 on Tuesday before a minor recovery came into the picture. Binance Coin recovery treads on shaky grounds At the time of writing, the Binance exchange native token is teetering at $338. A bearish cloud is hovering, conceivably due to the hurdle at the 50 SMA on the four-hour chart. Moreover, failure to hold above $340 has triggered more sell orders as bears eye another drop to $320 and $300, respectively. The four-hour SuperTrend indicator, which follows the trend of an asset while considering the asset's volatility, has recently presented a sell signal. This call to sell appeared after the chart overlay line flipped above the price and changed from green to red. The signal implies that Ripple is in a bearish trend and traders should consider taking short positions. The same bearish outlook has been reinforced by the Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD). The former is moving fast toward the oversold region, suggesting that the bearish grip is stiffening. Similarly, the MACD has a bearish signal accentuated by the drop below the zero line in addition to the MACD line (blue) increase the divergence under the signal line. However, it is essential to realize that a four-hour close above $340 may see market stability return. Moreover, gaining ground past the 100 SMA will validate recovery toward $400. Binance Coin intraday levels Spot rate: $338 Trend: Bearish Volatility: Low Resistance: $340 and the 100 SMA Support: $320 and $300
BINANCE:BNBUSDLong
by CoinGape