Bnbtrader
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.
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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
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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NOTE: These are my personal notes and in no way a financial advice. Do your own research and trade wisely.
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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NOTE - These are my personal notes and in no way a financial advice. Do your own research and trade wisely
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.
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
The end of Wave 4 at $ 186 rangeThe end of Wave 4 at $ 186 range, and the beginning of the uptrend and heading to the target of $ 850
In the 3-day chart, and according to the wave count, wave 3 from point 3 has been completed in the range of $ 348, also the corrective movement, which is a short retracement, has been completed in the range of $ 186. According to the drawn uptrend line, the targets of this uptrend can be in the range of $ 850 to $ 1,000.
one-hour chart, and the wave count of wave 4 shows, that by crossing the price from the range of $ 309, which is the end of wave b, we can receive the confirmation for the uptrend.
⚡ BNB 12345, Huge Profits Coming 🚀As you can see in the chart, BNB has had a great bull-run in the past few months.
If BNB wants to complete its 5 uptrends, it is expected to experience prices above $ 650 soon, given the Fibonacci ranges.
Note that considering the hypothesis of decreasing buying desire by FOMO, in each wave of movement the rate of return will be less than the previous wave, and this can be clearly seen in this analysis picture.
This analysis is by no means the basis for decision-making and investment, and you must analyze the market yourself before making any investment.
You can like Binance. But why do you need to lose money?A lot of people message us about BNB.
I also like Binance. But Binance and BNB are different things. It is terribly overrated at the moment (based on network metrics).
Can BNB Grow 50%? Yes!
Will this happen? We do not know
But we know that its nearest support zones are 46% and 78% lower.
Risk/Reward less than 1. At the moment, long is a terrible deal for even a small part of the capital.
We may consider buying below $ 134. But it depends on the market situation.
If you want to increase your capital and not lose it, it's time to buy BTC.
BNB TODAY ANALYSIS - 3/1/21BINANCE:BNBUSDT
Bnb did rise again after the unexpected BTC move that pushed the price back up to 255 support.
However, it was not able to break it, as the RSI starts to show weakness, but with a pinch of hope.
Bitcoin faith will deciede if we move higher or not, but too much confidence is flooding the market after this recovery, wich might be a warning sign.
I would not be surprised if we retrace to the 191$ during the next 24 hours, and by then it would make a perfect entry point.
Howerver, BNB is highly manipulated. An unexpected pump is never excluded on this one.
Make sure you protect your profits anytime.
Don't short BNB, never.
Buy now and take a chance, or wait, as i recommend the fall to the lower support, wich is the most probable scenario.
Thanks for reading and please consider leaving a like if you believe this makes sense.
Have a great day.
BNBUSDT: Can We Hit My Next Target?Good day money makers!
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- We have Hit every target of my previous ideas with extremely high accuracy
- Currently, there is a Head and Shoulders forming on the short and medium time frames!
-This could confirm a further down movement!
- We need to go above the green trend0line to start a new uptrend!
- If we fall below the orange trend-line, the next target will be hit!
- Next target will be 130-160
- High buy volume at 150-200
- This is just my current idea.
- There is always a huge chance of different patterns taking shape in these ever-changing charts.
- Trade responsibly.
- Be focused.
- Have a plan.
- Stick to the plan.
- No FOMO.
- Take the time to study YOUR own charts and come up with your own ideas as you are going to trade with your money.
- Never trade what you are not willing to lose
- Remember Stop-loss is your friend.
- Smile!
- Good Trading and Good Luck
If you Find my Charts useful please consider a follow and a thumbs-up as it motivates me to share and grow with you!
BNBUSDT Testing R1 At 280-285Good Day Traders!
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- We are now testing my previous idea... Let's see what happens
- We are currently testing R1
- Buy volume currently favors the 200-250 range
- This can indicate a possible short.
- I am Still Long... for the long term, but short for the short term
- We now need to wait for confirmation.
- If we pass through R1 it's possible to hit R2 and then after that even R3.
- This is just my current idea.
- There is always a huge chance of different patterns taking shape in these ever-changing charts.
- Trade responsibly.
- Be focused.
- Have a plan.
- Stick to the plan.
- No FOMO.
- Take the time to study YOUR own charts and come up with your own ideas as you are going to trade with your money.
- Never trade what you are not willing to lose
- Remember Stop-loss is your friend.
- Smile!
- Good Trading and Good Luck
If you Find my Charts useful please consider a follow and a thumbs-up as it motivates me to share and grow with you!
BINANCE:BNBUSDT
BTCUSDT bearish sign ABCDE patternGood Day Traders!
If you Find my Charts useful please consider a follow and a thumbs-up as it motivates me to share and grow with you!
- We might see a possible pullback to the lower levels.
- It seems that we have reached the end of our uptrend for now and the ABCDE pattern confirms this.
- This can indicate a possible short.
- We now need to wait for confirmation.
- If we pass through R1 it's possible to hit R2 and then after that even R3.
- This is just my current idea.
- There is always a huge change of different patterns taking shape in these ever-changing charts.
- Trade responsibly.
- Be focused.
- Have a plan.
- Stick to the plan.
- No FOMO.
- Take the time to study YOUR own charts and come up with your own ideas as you are going to trade with your money.
- Never trade what you are not willing to lose
- Remember Stop-loss is your friend.
- Smile!
- Good Trading and Good Luck