Bnbusdtidea
BNBUSD Seems to Bullish BUY!Binance coin BNB is now ranging its powerful support position after the Bitcoin surge. As we know, BNB is one of the biggest blockchain networks and day by day, It's getting more attention BNB will come back from its worst situation for sure by the time being. On the other hand, Binance is the world most popular crypto exchange right now. Binance CEO Changpeng Zhao (CZ) is a promising guy to me, and he won't stop in his current position as the world and technology is growing each second. So we are going to open a long position from the current price and keep hold tight.
BNB 1D What happens to the price, what next long or falling?The price of BNBUSDT could not be fixed above the important level of $438
After that, there was again a price drop in the liquidity zone of $215-230.
A positive factor is that the price of BNBUSD did not update the minimum, as did the price of BTCUSDT
In the coming days, the BNBUSDT price may rise to the level of $380, then we will need to closely monitor the behavior of the price.
If the strength of buyers is convincing, the price will be able to rise above $380, but only after fixing above $438 can we confidently say about the continued growth to $625 per BNB
Do not overlook the possibility of lowering the price of BNBUSDT once again to the liquid zone of $215-230. If there buyers once again activate a strong buyout, it will be possible to assume that the big long position is typed, the purpose of growth for which will be updating of a maximum with the first purposes $815-890
Fixing the BNBUSD price below the $215-230 liquidity zone will pave the way for a drop to $115-140
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Since 2016 , we have been analyzing and trading the cryptocurrency market.
We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05% . If we help you to be calmer and richer - help us to be happier :)
BNBUSD- A new leg down to 200?Like all the crypto market, Binance Coin also has a hard time.
After an initial drop, the coin recovered, but the rise is in a corrective manner.
Last night the support trend line of this correction was broken which suggests that the correction might be over.
I expect a new leg down towards 200 and I'm looking to sell it in the 400 zone
BNB 1D A little positive, growth is possibleConsider the BNBUSDT chart on the daily timeframe
The May drop in BNB price stopped in the $215-230 liquidity zone, which we noted as an important target in the previous idea.
After that, we got an almost 100% bounce of the Binancecoin price upwards.
Is this the end of the upward bounce? We hope not.
In the coming days, we expect another upward impulse in the price of BNBUSDT to the area of $530
After that, I would like to see a correction, but not deeper than $350-380
We think that it is in this liquid zone that the future of the further strong price movement will be decided.
1) The first option is a movement from the consolidation of $350-380 and upward with a renewal of the maximum to the area of $820-890 to begin with.
2) The second option is the aggression of sellers, negative news background in general on the crypto market. Then it will be difficult to stop the fall in the zone of $215-230, and below we have zone $115-150
_____________________
Since 2016, we have been analyzing and trading the cryptocurrency market.
We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer - help us to be happier :)
BNB, Binance Coin - don't buy coin before that ❌I see only one scenario when I'll buy BNB. We have a clear resistance line at 387.6. Only if the price starts squeezing near to the level, I will ready to buy it after breakout and retest.
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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 Entry Support and resistanceBNBUSDT Entry 1st entry 299 to 277 worst case scenario btc support reject market down trend 247 to 220
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BNB 12h Action Plan for the coming weeksYesterday on the cryptomarket clearly reminded everyone what a crypt is and that, in addition to growing, it can also fall very strongly. Because a year of non-stop growth in the crypto market dulled the feeling of fear, caution and discipline in traders.
Now to BNBUSDT
In the previous global idea BNBUSDT, we wrote targets from above and the price did not reach $30 to the first of them, the maximum was $691 with a target of $720
And then the problems began, and we warned that below $400 for BNB would be very painful for a deposit.
In general, the price of BNBUSD fell by -45% yesterday and this is the average result of yesterday's fall on the cryptomarket, because some alts showed and -60% -75%.
BNB price reached the first liquid level of $275 and bounced briskly, below we had $210-230.
And a few days ago there was a short-term idea and here is its development:
If we look at the BNBUSDT chart today, you can see that buyers managed to close the bodies of two 12h candlesticks within the channel, and the lower shadows indicate liquidations.
This arrangement makes it possible to assume that the price BNBUSDT will bounce up to $480 in the near future , and then it will be necessary to closely monitor the behavior of the price and the general situation on the market.
After all, further, the price behavior around the $400 level will again be decisive.
If sellers are able to keep this level, then the way will open for growth again to $680
If the level of $400 does not hold back the onslaught of sellers and possible negativity in the market, then from below it will already be necessary to focus on $140-145.
_____________________
Since 2016, we have been analyzing and trading the cryptocurrency market.
We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer - help us to be happier :)
BNB to DIP more in coming daysCrypto market is not going through a good phase at the moment and looks like this is far from over.
Even BNB has dropped to 500 level yesterday and going by the chart, looks like BNB has entered a correction wave, of which it has completed 1 stage of 3, at point A.
There would be a short recovery at point B at around 600. When it reverses from Point B, then we will have more confidence that it will be heading towards Point C in a 5 step movement.
Crypto is still moving in Bearish mode so trade wisely and keep your greed horses under control.
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Note - These are my personal notes and in no way a financial advice. Do your own research and Trade wisely
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.
If you like my analysis then do drop a LIKE and a COMMENT. Also do SHARE it with your friends.
Also don't forget to smash that FOLLOW button to get daily analysis of multiple crypto currencies and sometime ASX stocks.
Note - These are my personal notes and in no way a financial advice. Do your own research and Trade wisely
BNB-The formation of Triangle pattern in wave IVIn the 3-day chart, the uptrend is crystal clear, which can be extended up to the target of $ 800 to $ 1,000.
In the 240-minute chart we can see the triangle pattern ,which has been completed in the range of $ 515. This movement is a good indication for the termination of the corrective movement, in wave iv from point 3.