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Bnbusdtlong

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.
Long
by PipsWin-com
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! Why Follow 1. Daily technical analysis 2. Live trade setups and updates 3. Group of TA experts 4. Live whale alerts 5. Critical news
Long
by cryptotraderog
A wider perspectiveHi traders, You see the chart in daily frame. I've drawn "fixed range volume profile" to explain and justify my thoughts. The red lines are the lines where there is most volume concentrated in that price. (according to ) So we see that in period 1, the red lines is near to the peak. That shows that people who bought at that area didn't sell. Under normal conditions, it is very common for newcomers to buy at the peak. However, I see there is 36-day period of accumulations, which bothers me. In period 2, we can clearly observe that, people who bough bnb at 252 have not sold. ( To clarify, you may draw one more Fixed Range Volume Profile from the beginning of period 2 and the end of period 1 ) Again, We may see the same pattern for period 3. The point is that people who have been bought at 28 dollar in average have not sold yet. If they do so, the red line of period 4 would have been much higher than the red line of period 3. That makes me believe that People still have a belief that BNB was cheapest at 28 dollar, and BNB was cheap at 250 dollar. This is the general perspective. What do we expect now? RSI has two downtrend. In my opinion, the market will be going a accumulation period after BTC hits 20k's. Meanwhile, If BNB breakout the inner downtrend, That will be our signal to buy some bnb. If that does not happen, RSI will likely go around 10-15. At that area, I am also going to buy BNB for spot. The next bull season, I believe, will be coming after the outer downtrend is broken out. If I have to give a date, that would be after the summer. When we should be afraid to buy more BNB? It is totally up to you. I would suggest you to check fixed range volume profile for period 4 ( from the beginning of the bull season to now ) regularly. Once you believe that the price level with the most volume is high enough, you may start to hesitate to buy and sell partial. Note: For short time of period, I expect a bearish period for a month or 1.5 month. Final Note : BNB is a coin that should be HODL. It is because Binance has the highest volume among exchanges. They do burn BNB regularly. There are many field that Binance is superior than its rivals in. Well, this is a little bit TA and mostly my thought based on what I observe. Happy to hear your comments. Stay safe ^^.
Long
by bahadirkisbet
5
BNB Possible Long!BNB has a high probability of being a good Long. Let me explain my reasons. First of all, if we apply the Fibonacci retracement from the beginning of the parabolic bullish movement we can notice a great growth in BNB being that this retracement has led it to test 0.618% which is a fairly good zone in liquid currencies to initiate a possible Long . This means that BNB has a high probability of staying above these levels. In the hypothetical case that BTC and the bulls manage to reduce the bearish force a bit. If we talk about indicators we can denote that the RSI has touched the lowest levels since the beginning of the bearish in all cryptocurrencies due to the panic. Currently the reports show strong purchases, but the bearish force is still there and everything indicates that they do not think to reduce their trend. But the RSI indicates oversold and is starting to regain strength, if we manage to retake the 50 level, it could be a good sign for the bulls. What worries me a bit is the MACD issue, as we see this fall, it led BNB to bearish levels that it had never had before, taking it to the value of -65. This being quite negative, currently in the macd we can see loss of bearish strength, but are they really losing strength?, The values are still negative, this could be a false upside at this point. If we talk about supports and resistances we can denote that we have tested the support that BNB took at the beginning of the bullish from 240 to 600. This being a clear buying force at these levels. And based on MD Lines we could say that we already started a bullish of 6-9 candles, currently we have 2, I would expect the 537 level as a target since in this area, we can see quite a strong selling force. Which could indicate that the bears are waiting to open more positions. Currently in BTC there are 1087 shorts according to CFTC. So personally I'm not that positive, but the bulls are gaining ground. I will open a small position using 2x and settlement at 0. It should also be added that we can visualize a perfect test of the 200-day moving average, which gives me some confidence to open this position.
Long
by UnknownUnicorn18500526
3
💡Don't miss the great buy opportunity in BNBUSD @binance Trading suggestion: ". There is a possibility of temporary retracement to the suggested support line (367.44). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . BNBUSD is in a range bound, and the beginning of an uptrend is expected. . The price is above the 21-Day WEMA, which acts as a dynamic support. . The RSI is at 70. Take Profits: TP1= @ 448.03 TP2= @ 487.51 TP3= @ 528.66 TP4= @ 613.87 TP5= @ 683.92 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Forex / Crypto trader? Now, It's your turn! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity
8