Bnbusdtlong
BNB/USDT : Possibility for breakout and MACD is being bullish BINANCE:BNBUSDT
Hello everyone 😃
BNB has formed a symmetrical triangle and now it's reaching the verge of triangle.
MA50 is above movement now and it's acting as a resistance for BNB, So there will be a rejection on this triangle...
MACD has been moving on bearish side for 3 days now; MA100 has reached $580 level.
So we might see a pullback if BNB reached that zone !
$610 - $580 is acting as a stiff support zone for BNB on MACRO view and there will be a minor support zone on MICRO view on current zone ( $590 - $597 ).
Also MA100 has reached this level and MA200 is planning to test this level in next days. So it seems that bulls will manage to make a reversal point for BNB on this zone !
🔰 There is a chance for BNB to break this triangle from current level and bounce after a retest.
🔴 Have to mention that BTC has reached the resistance level and it could be bad for ALTs if BT rejects to break higher level again ! Trade with caution.
Any rejection below MA200 can makes BNB extreme bearish !
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Attention: this isn't financial advice we are just trying to help people on their own vision.
Have a good day!
@Helical_Trades
BNB/USDT triangleBNBUSDT
If the price goes beyond the ceiling of the triangle, you can after the pullback
On the roof of the triangle and get confirmation you can enter and target
Next pullback on 1.618 you can enter a value and for
Taking shorts after breaking the 0.618 Fibonacci level
It is convenient
BNB-USD Possible scenariosPossible scenarios I am looking at:
1. BO and retest of the highest daily close(case 1).
2. Consolidation and then BO(case 2).
3. Drop to the lower boundary of the rising wedge and then Pump(case 3).
P.S: This is NOT investment advice. This chart is meant for learning purposes only and is a part of my personal journal. Invest your capital at your own risk.
LONG $BNB Binance Targets are $730 to $850 Bears will get REKTAt this rate, it’s very tough to be bearish Binance.
I’m highly confident $BNB will hit the targets on this chart within a few months.
Now, as with any position or trade, practice good risk management. There’s a possibility that I’m wrong and I’m prepared to take a small loss if that’s the case.
However, bulls seem to be in control:
1. 4 hours Ichimoku Cloud is bullish. Price was supported by the cloud on three separate occasions and failed to break down below. Bullish TK cross. Bullish Lagging span. Green Cloud. Bullish.
2. we seem to be painting a semi-Adam & Eve type structure. These structures when confirmed at the top by a breakout have a 69% success rate and climb on average 43% in the target direction or at least a 1/1 move.
3. The overall market seems to be bullish alongside bitcoin. BTC dominance is dropping and ETH/BTC chart also paints new highs. Alts are in control.
4. The VPVR (Visible Range on the right) has painted MASSIVE support below current price and it’s unlikely we will break below this volume.
5. Price broke out above previous highs and new 4 hr candles have formed and supported above $596
Hard not to be bullish. however it is possible price breaks back down from here to stop-out any last longs.
I remain a Buyer from price ranges of 560 - 580.
My first targets will be $745 and $835 Respectively.
Also, it’s possible we see some large wicks in either direction at $745 range.
We may not even reach $835+ which I have denoted in different color lines. practice caution if you enter at that red line above or near my first target because the Risk to Reward is greater.
If you’re trading contracts or futures, be sure to set your stops and manage positions.
If you’re buying spot, now is a good time to add to your portfolio.
BNB to 2000 USD by December 2021So I had another closer look at BNB using the 10.618 secret.. and I found some even higher targets on BNB up to 2000 USD
what i did:
assuming it is going to stay in the channel
I drew lines on all 3 / 9.618 targets to see where approx they will hit the top of the channel. then i used the Trend based Fib Time tool to see if i can nail down the time as well.
For the starting point i choose the first pump candle. 2nd i take the approx point where the highest target hits the top of channel and the 3rd point i put also at the same point with the first pump candle. same as the starting point.. it gives us 3 vertical fib time lines.
further i copied the pattern of the existing candle history and stretch it out in the channel to match the tops with the future targets and vertical time lines.
this could be a real possibility as market often moves in 5 waves.. on this chart you can clearly see 5 waves.
i am not saying this has to play out exactly the way i see it but I see stuff and I share it. This is not financial advice and only for educational purpose so you do with it whatever you please.. it will be very interesting to see if and how this plays out..
Note that the tops could be anywhere between the 9.618 and the 10.618 so this might not be 100% accurate but should be pretty close. very curious to see this evolve..
I already had a active BNB idea but because I obviously have found additional more interesting stuff I decided to create this additional idea so we can track it nicely with the play button instead of just updating the old idea with an image..
In case you wanna check out the old idea with the 1000 USD target you find it here
BNB for $1000 ... Dejavu??After the previous and current breakouts, look at the spotted areas..
Each candle has the same characteristics before and after..
To this theory, we are gonna see a decline tomorrow and then we are taking off for the $1000
Macd is also crossing up, after breaking the $639 resistance, we are gonna sit back and watch the uptrend..
BNB going towards $1000?BNB breaks the horizontal resistance and now trading above it. The horizontal resistance is tested multiple times and finally, BNB gets a breakout. BNB will start price discovery after it breaks the previous all-time high. Don't be surprised if you see BNB at $1,000 in this bull run.
If you have BNB hold with stop loss and if you looking for a new entry must use a stop loss of 7-9% below your buying price.
BNB is again starting countdown to explode after a month!Here is the #BNBUSDT Daily Timeframe chart and you can see a Big W-reversal Pattern which is a sign that Bulls are refuelling themselves to push BNB to a new HIGH!
A month ago, I gave the signal of BNB to start its big move. And yes, it did from $313 to $630!
Here is that idea:
Again, I'm up with the #BNB signal! According to analysis, if BNB crosses the $610-$620 region with high volume, then it will make a new All-Time High!
Good luck and Happy Trading!
#SyedMuneebAli