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Bnbusdtlong

BNB skyrockets to record highs while $1,000 beckons Binance Coin Price Analysis: BNB skyrockets to record highs as $1,000 beckons Binance Coin rallies to hit a significant milestone at $638 amid the bulls' push for gains past $1,000. The MACD adds credence to the bullish outlook despite resistance at $600. Binance Coin has quickly become the darling of the cryptocurrency market. In addition to making a significant spike to $638, a new all-time high, the token's market cap almost hit $90 billion. BNB still sits in the third position on the market after Ethereum. Binance Coin bulls battle to secure higher support The exchange-based token teeters at $577 at the time of writing. This follows a minor correction from the newly traded record highs. Support above $600 became an uphill task, but currently, buyers are focused on established support at $550. The short-term analysis shows that Binance Coin is in the bulls' hands despite the recent correction. This bullish narrative has been reinforced by the Moving Average Convergence Divergence (MACD). The indicator is not only in the positive region but also in a bullish impulse. For instance, the MACD line (blue) has sustained the signal line's positive divergence since the weekend session. Closing the day above $570 and, by extension, $550 will ensure market stability. Here, buyers will build upon the support for gains toward $1,000. Immense buy orders will be triggered once Binance Coin slices through the hurdle at $600 and $638, respectively. It is worth mentioning that a correction will come into play if the support at $550 gives in. Sell orders may be triggered, adding pressure to the bearish outlook. Subtle support has been envisaged at $500, but the primary anchor holds $450. Binance Coin intraday levels Spot rate: $577 Trend: Bearish Volatility: Low Support: $5050 and $450 Resistance: $600 and $638
BINANCE:BNBUSDLong
by CoinGape
Found something mysterous in BNB Chart!I have found something mysterious in BNBUSDT Chart! BNB has been on an amazing journey towards new ATH but here is something crazy happening all the time. After the major pullback of BNB from 350$ ATH, starting from March 1, BNB is following a rhythm of retracement to 0.5 Fibonacci Level and then booming the price 30%! The chart is attached. Example 1: BNB boom 30% from 195$ to 260$ and then retraced back to 0.5 level (226$). Example 2: BNB boom 30% from 226$ to 304$ and then retraced back to 0.5 level (262$). Example 3: BNB boom 30% from 262$ to 349$ and then retraced back to 0.5 level (313$). Example 4: BNB boom 30% from 313$ to 411$ and then retraced back to 0.5 level (364$). Example 5: BNB is booming for the next 30% from 364$ to 475$ and then will be retraced back to 0.5 level (411$). Let me know in the comments what do you think? If you like you can share. Thanks. #SyedMuneebAli
Long
by syedmuneebali
11
BNB, Binance Coin - I'm waiting for a breakout pattern⚙️BNB creates a local range near an important key level. I expect the continuation of the movement in this range and squeezing to the level. Only in this case, we will create a great breakout pattern for a long position. Write in the comments all your questions and instruments analysis of which you want to see. Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU. P.S. I personally will open entry if the price will show it according to my strategy. Always make your analysis before a trade
Long
by Yuriy_Bishko
8
Is BNB forming a potential Head and Shoulders pattern?BNB has been performing outstanding for some time now. Also as predicted in out earlier Idea that BNB could potentially touch new ATH. However what is interesting to see here is that BNB could form a potential Head and Shoulders pattern, if it manages to touch the Neckline. Neckline is till below its usual upward moving channel. However if BNB breaks lower part of upward channel (Green lines) then it will be officially in an H&S pattern. If this is the case then we might not see another ATH any time soon. Going by the pattern we have two scenarios here: Scenario 1 (Red Path) - BNB to continue its journey and breaks current ATH to create a new ATH. Scenario 2 (H & S Pattern) - BNB to stay below current ATH and could potentially break S1 and then try to recover between S1 & S2. May be next couple of hours could give us much more clear picture of where BNB is heading. If you like my analysis then do drop a LIKE and a COMMENT. Also dont forget to SHARE it with your friends. Also dont forget to smash that FOLLOW button to get daily analysis of multiple crypto currencies NOTE: These are my personal notes and in no way a financial advice. Do your own research and trade wisely.
by Manjyot
2
Is it time for BNB to rest after outstanding performance?BNB has been moving at an impressive speed over the past couple of weeks and it has touched its new ATH in April. BNB is moving in an upward parallel channel, however post touching its ATH it has not tried touching it again. Instead it has settled for 352, which indicates it might be heading for a downward trend. However it is too early to say, if BNB is officially in a downward trend. It hasn't touched the other corner of its upward trend yet. So we will have to wait and watch if manages to break the Green parallel channel to officially enter the downward trend. After analysing all the trends, below are three potential scenarios. Scenario 1 (Black path) - BNB will bounce back from 330-337 range and can potentially try to create a new ATH. However if it is pulled back from its earlier ATH, then it can potentially form Double top pattern. Scenario 2 (Red path) - BNB will break green upward trend and will officially enter the downward trend. However it will be supported by S1. In this case BNB will be moving in an descending triangle, which is again an indicator of further fall. Scenario 3(Blue dotted path) - BNB will ignore all trends and will straight way follow the downward trend channel by initially taking support at S2. If you like my analysis then do drop a LIKE and a COMMENT. Also do SHARE it with your friends. Dont forget to click FOLLOW button to get daily analysis of different crypto currencies. NOTE - These are my personal notes and in no way a financial advice. Do your own research and trade wisely
by Manjyot
BNB good buy setup? 🏮Hello Traders. Hope every thing is fine. Today I want to share my thoughts on BNB. As you can see BNB has broken out of the triangle and has managed to pullback to it and tested the triangle as a support. So in my opinion you can open a nice long position here with the target of 421$ and stop loss at the bottom of the previous candle ( 284$ ). 🚩 Always remember to put stop loss for your orders in order to reduce the risk of your trades. 🚩 Always keep an eye on BTC chart as well because it can affect the movement of altcoins as you all know my dear traders. If you want to check out my other analysis , I have linked them below and also don`t forget to follow me for further updates and new analysis. Thank you guys for reading my idea on BNB and don`t forget to comment what you think. ✌
Long
by Existansilon
[60%] BNB / USDTAnalysis : - Resistance 350$ - Target 440$, 490$, 560$ What Is Binance Coin (BNB) ? BNB was launched through an initial coin offering in 2017, 11 days before the Binance cryptocurrency exchange went online. It was originally issued as an ERC-20 token running on the Ethereum network, with a total supply capped at 200 million coins, and 100 million BNBs offered in the ICO. However, the ERC-20 BNB coins were swapped with BEP2 BNB on a 1:1 ratio in April 2019 with the launch of the Binance Chain mainnet, and are now no longer hosted on Ethereum. BNB can be used as a payment method, a utility token to pay for fees on the Binance exchange and for participation in token sales on the Binance launchpad. BNB also powers the Binance DEX (decentralized exchange).
Long
by HolderYoda
BNB +$1000 trip starts ... book your seatsIn all ways I think that BNB will exceed $1000 for 2021 , however we can say that it will begin in that case... we need breakout as a 4hr candle close above the resistance $351 so we can predit $445 then $596 and in case price drops Fibonacci levels can guide strongly where to buy as per the chart below $293 is considered good entry Please click Like button and Appreciate my hard work. Must follow me for latest crypto real time updates. Thank you.
Long
by BTC-fire
2
[26 Mar] BNBUSDT Long Opportunity...Lookout for entry!!!I will be focusing on a breakdown of BNBUSDT from a H1 perspective. When trading BNBUSDT do look at H1 and below timeframe as it will provide us with a proper technical analysis viewpoint as H4 and above timeframe will not allow us to draw our chart easily. Looking at BNBUSDT, we can see a short term BULLISH trade opportunity to the supply zone (identified in red). Personally, I will consider entering a small trade now and look out for a better entry where I will increase my position (as shown in my chart). I will like to let you guys know that YGForex will be working towards providing cryptocurrency signal here for all of you guys. I will update daily and share my thoughts on it. This is provided we have opportunities to enter. Do follow our signal at your own risk. Do also keep in mind that we are not providing any professional financial advice. Kindly hit the LIKE Button if you agree with my analysis and feel free to COMMENT your idea below. As for those who are keen to get daily updates and analysis from me feel free to FOLLOW me. Cheers and Happy Trading!!
Long
by YGForex