Bnbusdtidea
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
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.
BNB 12h Global Idea: Where price will go $1,300 or $230 For your attention a global idea for the BNBUSDT pair
And a few scenarios of how the price of Binancecoin might behave in the coming months
1) Smooth price growth within the channel to one of the three targets $720-815-890
2) If the channel is broken upwards, a rapid growth with a maximum upper target of $1300
3) If the price fixes below $400 , a possible continuation of the fall with the lower target of $215-230
Like the idea and write a comment , then tradingview will notify you that we have updated this idea, depending on what scenario the BNB price went through.
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Since 2016, we have been analyzing and trading the cryptocurrency market.
We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05% . If we help you to be calmer and richer - help us to be happier :)
BNB analysisAt 18th of April bulls bought the dip at 454$ which could raise the price back above. Bears are likely to defend the 550$ resistance if they manage to that then price may drop to 428$ and then to 348$ support.
If EMA20 at 550$ breaks upward then price may reach 600$ and then to 638$ and finally to 832$.
BNB To The Moon! - Fibonacci AnalysisBNB To The Moon! - Fibonacci Analysis
BNB looking good! It bounced back of Fib 0.6 and heading North.
Entry Point: $400 - $500
Take Profit #1 at $695
Take Profit #2 at $614
Take Profit #3 at $580
Disclaimer: This is not a financial advice. This information does not provide individually tailored investment advice and does not take anyone’s circumstances into consideration when discussing investments, nor am I registered as an investment adviser or broker-dealer in any jurisdiction. Information contained herein is not an offer or solicitation to buy, hold, or sell any cryptocurrency.
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.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
BNB 12h We took the $400 mark, where should the price move next?Since the goal of our previous idea in the BNBUSDT pair has fully worked out, it's time to take a global look at the chart and update the goals.
But first, still appreciate the development of our previous idea with dignity)
So, the goal of $400 (maximum $414) is taken, that is, who followed our idea was able to fix +75-80% profit , keeping part of the deposit in highly liquid BNB
As you can see from the chart, the BNBUSDT price skillfully moved upward in a channel, reaching its maximum value.
To continue moving further, the channel formation needs a correction.
The critical level of support maybe $300
With a favorable market, from this value, a possible recovery of the growth of the BNBUSD price to $385 to begin with.
If the cryptocurrency market completely goes into the stage of global correction, then the price of BNBUSDT may drop even lower into the liquid zone of $215-230
We don't want to scare anyone, we just write what we see on the chart and trade in parallel with the market trend.
Everyone knows the trading saying: "Trend is My Friend"?)
_____________________
Since 2016, we have been analyzing and trading the cryptocurrency market.
We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05% . If we help you to be calmer and richer - help us to be happier :)
BNB good buy setup? 🏮Hello Traders. Hope every thing is fine.
Today I want to share my thoughts on BNB. As you can see BNB has broken out of the triangle and has managed to pullback to it and tested the triangle
as a support. So in my opinion you can open a nice long position here with the target of 421$ and stop loss at the bottom of the previous candle ( 284$ ).
🚩 Always remember to put stop loss for your orders in order to reduce the risk of your trades.
🚩 Always keep an eye on BTC chart as well because it can affect the movement of altcoins as you all know my dear traders.
If you want to check out my other analysis , I have linked them below and also don`t forget to follow me for further updates and new analysis.
Thank you guys for reading my idea on BNB and don`t forget to comment what you think. ✌
BNB 12h. Down to $130 or up to $400?It's time to update the BNB idea, as the previous idea fully worked out the upper goal.
Now the price is at the top of the channel that was drawn a week ago.
It looks like the future movement in the BNBUSDT pair will directly depend on the price movement in the BTCUSD pair.
If BTC goes to update the maximum, as we assumed in our idea
Then BNBUSD will be able to gain a foothold above the $300-335 zone , and from there the path may open for another upward impulse to $400
However, if the price of BNBUSDT fails to gain a foothold in this zone, then we can expect a -50% fall to the area of $130-140
_____________________
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 :)