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Bnbusdtlong

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
BNB 🚀 bullish footpath! If you like the idea, i ask nothing else than your support with a "like" and a comment of your thoughts. Price has been printing an ascending triangle on HTF & LTF. Within, we see repeated breakouts of sub triangles to the active triangle. Currently trolling on the dashed yellow line which is poised to lead it through its corresponding upward channel from here onward. This is on the hourly, so I'm still looking forward to seeing which side this will troll on. Nonetheless, I'm bullish on this because advancing into either of the potential zones will breed a high swing PA. Look forward to it! $BNB 🚀
BINANCE:BNBUSDLong
by ferdybitcoin
1
Instant money trade💸Get ready, wolves🔥 There is one Head and Shoulders formation on BNBUSDT for you, guys. The same as our previous idea, the price of this financial instrument just bounced from resistance zone. That's why do not rush. Follow the chart and look for the breakout carefully. _____________________________________________________ If you enjoy my FREE Technical Analysis , support the idea with a big LIKE👍 and don't forget to SUBSCRIBE my channel, you won't miss anything! Feel free to leave comments✉️ And always remember: "we don't predict, we react".
Long
by Berzerk_invest
11