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. ✌
Bnbusdtlong
[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).
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.
Daily chart of BNBUSDT unfolds new ATH targets!Here is the #BNBUSDT Daily Timeframe chart and you can see a Big W-reversal Pattern which is a sign that Bulls are refuelling themselves to push BNB to a new HIGH!
If you want to hold BNB for Long Term, it's good to hold. If you want to trade, keep an eye on the breakout of the W pattern and then the retest of BNB to this massive resistance to confirm it as support!
Good luck and Happy Trading!
#SyedMuneebAli
BNBUSDT Symmetric Triangle formationBNBUSDT (4H CHART) Technical Analysis Update
Waiting for the symmetric triangle breakout
BNB/USDT currently trading at $271
Buy-level: Only buy after the resistance line breakout (Above $285)
Stop loss: Below $224
Target 1: $315
Target 2: $345
Target 3: $375
Target 4: $400
Max Leverage: 2X
ALWAYS KEEP STOP LOSS...
Follow Our Tradingview Account for More Technical Analysis Updates, | Like, Share and Comment Your thoughts.
[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!!
Binance Coin (BNB) Could Test ATH Within Next Couple of WeeksWith more projects looking to solve the gas fee problem, they are looking to the Binance Smart Chain to do it.
This will create more demand for BNB and that's why I think it held pretty strong through yesterday's sell off.
My expectation is that it'll continue this consolidation pattern for probably a few more days before starting it's run up.
$BNB - Exchange x DeFiBNB the token for binance argueably the best exchange will always have demand for that reason
Also with the introduction of BSC - binance smart change - there is increased demand for BNB to pay for any staking fees and to get discounts and rewards on the platform
Technicals look pretty good, bet to reach top of range not a bad shout
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 🚀
BNB the way to breakout fibo channelnow it's shaping a double bottom but because the target for this double bottom is under breakout point I believe it has not enough power to break out so I believe it must come to the channel deep to form a reversed h/s and then with alllll power go up
now is good time to enter with stop under the bottom
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".
⚡ BNB 12345, Huge Profits Coming 🚀As you can see in the chart, BNB has had a great bull-run in the past few months.
If BNB wants to complete its 5 uptrends, it is expected to experience prices above $ 650 soon, given the Fibonacci ranges.
Note that considering the hypothesis of decreasing buying desire by FOMO, in each wave of movement the rate of return will be less than the previous wave, and this can be clearly seen in this analysis picture.
This analysis is by no means the basis for decision-making and investment, and you must analyze the market yourself before making any investment.