Simple analysis for Binance coin* BNB is in a healthy uptrend respecting the below ascending trend-line as support creating higher-highs and higher-lows.
* Every time the price moves to test the lower trend-line (support) it bounces back up creating a new higher-high.
* It is now in a consolidation between a support around $456 and it's resistance as above descending trend-line, if the price breaks the resistance we can see a rally till $508.
* BNB is bearish below $455.
Bnbusdlong
BinanceCoin (BNBUSDT) bullish inverse head and shoulders!BNBUSDT is testing the neckline of the inverse head and shoulders pattern at $355-360. Bitcoin has already broken out of the inverse head and shoulders , so lets see if BinanceCoin can follow. A break above $360 with good volume could be a good place for a long. That said, right now there is the 200MAs serving as resistance, so price needs to break through that; failure to do so could send prices lower and invalidate the inverse head and shoulders bottom breakout setup.
As always, I’m not a financial advisor, do your own research, and stay safe!
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BNB heading for potential Breakout soonNow that Crypto market is back in action, after Bitcoin's tragic fall. Looks like Altcoins are ready to create ATH's again.
BNB is one that coin that has given some good results over the past few weeks.
Going by the chart, on a larger Time frame, it is moving in a symmetrical triangle. BNB has been pushed down twice from the marked Resistance zone.
May be in a day or two, it might try to test that zone again, and hopefully it will be able to break it to create a new ATH.
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Note - These are my personal notes and in no way a financial advice. Do your own research and Trade wisely
BNBUSDT Inverse Head and ShoulderBNBUSDT (1H Chart) Technical Analysis Update
Inverse Head and Shoulder
BNB/USDT currently trading at $544
Buy-level: $538- $545
Stop loss: $508
Target 1: $571
Target 2: $590
Target 3: $610
Max Leverage: 3X
ALWAYS KEEP STOP LOSS...
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BNBUSDT Next Target!BNBUSDT (1H Chart) Technical Analysis Update
BNB/USDT currently trading at $536
Buy-level: Above $550
Stop loss: $503
Target 1: $580
Target 2: $610
Target 3: $650
Target 4: $700
Max Leverage: 3X
ALWAYS KEEP STOP LOSS...
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Binance Coin (BNB) Where to next?BNB had a rather aggressive move to upside and subsequently a larger correction below 61.8% fib level. It recently broke a Descending channel and also another descending trendline to resume its uptrend.
See anticipated trajectory to last all time high. Expect profit taking at that level and possible strong retrenchment.
Stay tuned for the next target depending on how it behaves at $350 level
This idea is long term investment and not for intraday trading.
BNBUSDT - do you believe in growth?such a triangle breaks down?
pressure on support is increasing
You will learn the best place where we can trade this instrument at low risk.
Write in the comments all your questions and instruments analysis of which you want to see.
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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
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
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BNBUSD Bullish Setup 10-10-20🎉 Please give us a thumbs up if u like our work and do follow us so that you can get a regular update about upcoming setups and ideas
BNBUSD
Is currently trading in a bullish trend an the price is well above
the .50 Fibonacci level. The price got rejected around .382 Fibonacci and
went bullish. We can expect the price will reach the upper side of the trendpline
💌 Leave your valuable comments and suggestions related to this idea in the comment section.
Thanks for your time. Good day guys 💝
BNBUSD: Analysis using Ichimoku 22/07/2020H4
On D1, the cloud is directing upward, indicating an uptrend. Also, the boundary of the ascending plane (channel) is visually visible, which can be a price correction.
Conclusion:
The price can form a local triangle-shaped correction pattern. RSI H4 may also form a triangular range.
We recommend buying BNB at the end of the triangle pattern formation.
H1
At H4, the cloud is directing upward, indicating an uptrend. RSI H1 is near the oversold level.
Conclusion:
It is worth paying attention to the possible resistance line, which could become the border of the triangle on H4. We recommend selling BNB when the price reaches the resistance line, and RSI H1 reaches the overbought level.
In the medium term, we should expect the price to rise to the level of $20, possibly higher.