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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
Let's look at BNB in ​​the backgroundWell first of all we already predicted several times, since its rise from 240 to the present. And its decline to 430-460 usdt, based on history and its rise to 600 for the second time. Now what does my magic ball say? Well let's see, we got it right 3 times, almost with very good precision, but let's do different ideas to develop possible clear scenarios. Let's build on history. And the patterns. They should not be ruled out either. Based on patterns, although it sounds absurd, the first bull rally looks too similar to the second, only with different volume due to the price increase. This would determine that BNB is now in a zone ready to hit 600 usdt again. Many traders tend to dismiss patterns, believing that they are not made for the sake of validity, but taking them into account is not a bad idea. Only in pattern did we know that BNB would have a decline similar to that of the previous bullish rally. To touch support at 430-460 usdt. Now let's go a bit to technical analysis. (BNB) turned down from the $ 600 resistance zone to $ 638.56 on April 21, indicating that there are strong sellers in it. And we are currently moving too close to the 20 day EMA. In past history BNB has never gone below this. This at EMA20 means that the bulls are buying BNB at this current price. Keeping it above this. BNB does not necessarily depend on BTC, we have seen that when BTC fell 52k BNB rose to 600 USD. If the bulls could push the price into a daily candle close above the more obvious resistance. It could be determined that we could go get the $800. Now let's look at the bearish side. If the bears manage to reject this attempt to bring it over the more obvious resistance. The bears could gain ground to take it to the SMA50, which could determine a price between 350-400 usdt. Now the doubt has this happened before? In the past, BNB was rejected by a second resistance in the second attempt to break the more obvious one. This led him to touch the SMA50 to start a rally, bullish, in the hypothetical case that this happens. We could see BNB at 400-500 USDT. In the red zone that I mark. If you notice the touch of SMA50, it was at a higher price, so let's get rejected by resistance 2, it doesn't necessarily represent a drop to 350 USDT. Could BNB fall due to a major correction of BTC? Yes, lately a lot of circumstances are happening in BTC. In the worst case we could see BNB touching 300 USDT. I doubt we will go below this price as there is too much demand for it. But as long as we stay above both EMA20s, SMA50s we will be fine. Now, many will tell me, Is it worth the risk? We assume that you only want to enter Spot. With $ 100 you could earn $ 60 for every 100. Or lose $ 20 for every 100. I would say that the profit and loss margin is relatively good. And the risk could be worth it. Although I would prefer to place a stop on entry. Personally, I would expect a setback to 480 and there I would enter. For those who already have BNB this could happen a setback between 638 usdt, and 611. I would wait to see if it closes above 638, if it does not succeed, I sell and I expect a setback. But I place a buy order at the same price that I sold, so in case it goes up again, I won't be left out.
Long
by UnknownUnicorn18500526
3