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Bnbusdtlong

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
BINANCE:BNBUSDLong
by Manjyot
BNB/USDT : Buy setup | RR 5.77 | 2 factors are making it bullishBINANCE:BNBUSDT Hello everyone 😃 BNB is currently consolidating in an uptrend. The bulls are buying the dips to the $480 support while the bears are defending the $600 to $638.57 overhead resistance zone. A range-bound action after a strong uptrend shows that traders are not hurrying to book profits. Now there are 2 Factors that makes bulls stronger in current situation; 1️⃣ Break above MA100 and MA200 and take hold above stiff support zone. 2️⃣ There is a symmetrical triangle formed, Which is leading BNB for higher levels. 1️⃣ Break above MA100 and MA200 and take hold above stiff support zone. BNB had a rejection from it's last bullish trendline and now it's pulled back from a support zone and a bullish trendline On 2H TF chart; MA100 and MA200 are below BNB's price now and there are two stiff supports which will be a major reversal points for BNB. Also There is a bullish trendline which will make bulls stronger. Now it seems that Bulls used EMA 20 on 1D chart to climb resistances one more time. 🔴 MA100 and MA200 had a bearish crossover but they are being bullish again; So wait for a confirmation from Lower TFs ! 2️⃣ There is a symmetrical triangle formed, Which is leading BNB for higher levels. On 6H TF's chart; BNB has formed a symmetrical triangle. MACD is being bullish and there is another bullish trendline which is broken by current candle. Also MA50 failed to reject BNB's movement... Now triangle's higher line seems to be weak ! On last try it has some missing shadows above it's resistances. So it's expected to have a bullish breakout on next attempt ! 📌 Have to mention that it's not recommended to search for longs when BTC is being overheated again on lower timeframes. 🔴 Bears will try to reject BNB's movement on 600$ - 638$ they will use it as a stiff resistance. 🔰 Alternatively, if the bulls push the price above the moving averages, the pair could rise to the resistance line of the triangle. A breakout of the triangle may signal the resumption of the uptrend. Hope you enjoyed our article about BNB's possible rally 🙌 You can support us with your likes. Also you can share your opinion with us in comments 🙋🏼‍♂️ Attention: this isn't financial advice we are just trying to help people on their own vision. Have a good day! @Helical_Trades
Long
by Helical_Trades
35
BNB ready to moon? BREAKING NEWSSometime in June, Binance will be launching it's NFT Marketplace called "Binance NFT". It's aim is to be the world's leading NFT marketplace and trading platform. "The new marketplace will bring together artists, creators and crypto enthusiasts from around the world. Expect a packed lineup of premier exhibitions and NFT collaborations, along with Binance’s industry-best liquidity—all with the lowest fees for users and creators." What does this mean for BNB (Binance Coin)? I expect the price for BNB to go up as we near the release of this NFT Marketplace. I believe BNB will definitely play a role in this new platform that Binance is creating and as a result BNB will increase in value. It is important to remember that Binance is regarded as the biggest exchange of crypto currencies in the world. I know it can be hard to get into as a beginner because they have so many features and opportunities. But as Binance continues to be the leading Exchange in the crypto market world, BNB will continue to rise. I'm not giving any entries or exit points. This is based purely on fundamental analysis. I truly believe that BNB will be a leading alt coin for as long as Binance continues to be the number one crypto exchange in the world. It is extremely important however to monitor Bitcoin's movement in the upcoming days and weeks. Nothing matters if Bitcoin decides to drop down due to the large market dominance.
Long
by Remix24