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Bnbusdtlong

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
BNB to the moonThe crypto market is rallying, and the biggest winners have been exchanges. (Look at FTT token) Binance is valued at $80 Billion (Market cap) being the #1 exchange (in volume) and #2 layer 1 crypto platform (behind Ethereum)(in dapps). While Ethereum has a market cap of $270 billion and Coinbase of $90 billion. Binance is undervalued since it established leadership in the exchange industry and this is reflected by the exponential growth in valuation. We should see a substantial price rise in the next days.
Long
by DiegoCW
BNB/USDT : Breakout from falling wedge BINANCE:BNBUSDT Hello everyone 😃 BNB was moving into a falling wedge. Now it's had a breakout from it which is extremely bullish for BNB specially after yesterday's burning ! On Technical side : MACD had a bullish crossover and now, Volatility is being bullish. Also MA100 reached movement and starts to support movement !! By the way, There is a bullish trendline which is leading BNB 25th March.. All flags are bullish for CZ's coin :D But... have to notice : 🔴 Funding is slightly high across all the major exchanges. We can expect small dip during weekend so manage your risk accordingly and buy in parts. Don’t go all in single shot with high leverage otherwise you’ll be punished hard! 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
10