BNBUSDTPERP
BNB/USDT on fire...As you can see the BINANCE:BNBUSDT market is so bullish.
Hammers on the Fibo 0.5 and Support on 0.618 giving us the next Strong Confirmation. The Token burning Fundamental in coming days with this fully bullish chart can help BNB reach to the targets easily.
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BNB 1D What happens to the price, what next long or falling?The price of BNBUSDT could not be fixed above the important level of $438
After that, there was again a price drop in the liquidity zone of $215-230.
A positive factor is that the price of BNBUSD did not update the minimum, as did the price of BTCUSDT
In the coming days, the BNBUSDT price may rise to the level of $380, then we will need to closely monitor the behavior of the price.
If the strength of buyers is convincing, the price will be able to rise above $380, but only after fixing above $438 can we confidently say about the continued growth to $625 per BNB
Do not overlook the possibility of lowering the price of BNBUSDT once again to the liquid zone of $215-230. If there buyers once again activate a strong buyout, it will be possible to assume that the big long position is typed, the purpose of growth for which will be updating of a maximum with the first purposes $815-890
Fixing the BNBUSD price below the $215-230 liquidity zone will pave the way for a drop to $115-140
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Since 2016 , we have been analyzing and trading the cryptocurrency market.
We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05% . If we help you to be calmer and richer - help us to be happier :)
BNB/USD 16 June 2021 #h1 As we see on BNB/USD chart on 16 June 2020, it pullback and reetest the importat support around 345-350 which is resistance turn support since 13 June 2021, as price around 345-350, the RSI on H1 also around oversold around 30
Trading plan: Long BNB/USD around 345-350 Target 365 , Sl 335 On H1
Binance Coin recovery hits more barriers toward $360Binance Coin suffered rejection before hitting $440 last week. The bearish price action superseded a recovery move from the crash to $210 in May. As sellers regained, the bulls' focus shifted to securing higher support, perhaps at $400 and $380.
However, declines soared, with Binance Coin plunging below the 100 Simple Moving Average (SMA) and the next tentative support at $340. BNB tested support at $320 on Tuesday before a minor recovery came into the picture.
Binance Coin recovery treads on shaky grounds
At the time of writing, the Binance exchange native token is teetering at $338. A bearish cloud is hovering, conceivably due to the hurdle at the 50 SMA on the four-hour chart. Moreover, failure to hold above $340 has triggered more sell orders as bears eye another drop to $320 and $300, respectively.
The four-hour SuperTrend indicator, which follows the trend of an asset while considering the asset's volatility, has recently presented a sell signal. This call to sell appeared after the chart overlay line flipped above the price and changed from green to red. The signal implies that Ripple is in a bearish trend and traders should consider taking short positions.
The same bearish outlook has been reinforced by the Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD). The former is moving fast toward the oversold region, suggesting that the bearish grip is stiffening. Similarly, the MACD has a bearish signal accentuated by the drop below the zero line in addition to the MACD line (blue) increase the divergence under the signal line.
However, it is essential to realize that a four-hour close above $340 may see market stability return. Moreover, gaining ground past the 100 SMA will validate recovery toward $400.
Binance Coin intraday levels
Spot rate: $338
Trend: Bearish
Volatility: Low
Resistance: $340 and the 100 SMA
Support: $320 and $300
BNB 1D A little positive, growth is possibleConsider the BNBUSDT chart on the daily timeframe
The May drop in BNB price stopped in the $215-230 liquidity zone, which we noted as an important target in the previous idea.
After that, we got an almost 100% bounce of the Binancecoin price upwards.
Is this the end of the upward bounce? We hope not.
In the coming days, we expect another upward impulse in the price of BNBUSDT to the area of $530
After that, I would like to see a correction, but not deeper than $350-380
We think that it is in this liquid zone that the future of the further strong price movement will be decided.
1) The first option is a movement from the consolidation of $350-380 and upward with a renewal of the maximum to the area of $820-890 to begin with.
2) The second option is the aggression of sellers, negative news background in general on the crypto market. Then it will be difficult to stop the fall in the zone of $215-230, and below we have zone $115-150
_____________________
Since 2016, we have been analyzing and trading the cryptocurrency market.
We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer - help us to be happier :)
BNB - Waiting for EMA to breakWe have a consolidation zone given by the volume poc and the EMAS of 20 and 55. Once broken with force, bnb could reach the 500usd approx. values.
My entry price will be approximately 494usd. When the previous maximum has been exceeded .
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BNBUSDT i.using the fibs from January's expansion, price is consolidating at equilibrium 365zone (fibs 50%)...
ii. price got rejected twice around 290-279zone(fibs 62%) indication a possible push back up but the equilibrium zone is a major hurdle as well as 443zone (fib 38%), 413zone, 485zone
iii. A break below 350zone (S turn R) exposes 244zone and further breakage exposes price to 190 order block (4hr), Sweet Spot
iv. a break above 486 zones/4hr trendline would expose the 553 (fibs 78%) leg up
blue lines indicate buying opportunities, Redlines indicate hurdles on the way up or selling opportunity
Not a financial advice, just my thoughts
BNB 12h Action Plan for the coming weeksYesterday on the cryptomarket clearly reminded everyone what a crypt is and that, in addition to growing, it can also fall very strongly. Because a year of non-stop growth in the crypto market dulled the feeling of fear, caution and discipline in traders.
Now to BNBUSDT
In the previous global idea BNBUSDT, we wrote targets from above and the price did not reach $30 to the first of them, the maximum was $691 with a target of $720
And then the problems began, and we warned that below $400 for BNB would be very painful for a deposit.
In general, the price of BNBUSD fell by -45% yesterday and this is the average result of yesterday's fall on the cryptomarket, because some alts showed and -60% -75%.
BNB price reached the first liquid level of $275 and bounced briskly, below we had $210-230.
And a few days ago there was a short-term idea and here is its development:
If we look at the BNBUSDT chart today, you can see that buyers managed to close the bodies of two 12h candlesticks within the channel, and the lower shadows indicate liquidations.
This arrangement makes it possible to assume that the price BNBUSDT will bounce up to $480 in the near future , and then it will be necessary to closely monitor the behavior of the price and the general situation on the market.
After all, further, the price behavior around the $400 level will again be decisive.
If sellers are able to keep this level, then the way will open for growth again to $680
If the level of $400 does not hold back the onslaught of sellers and possible negativity in the market, then from below it will already be necessary to focus on $140-145.
_____________________
Since 2016, we have been analyzing and trading the cryptocurrency market.
We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer - help us to be happier :)
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.
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Stability and continuation of the uptrendThe characteristic is that the BNB is more stable and has a rapid price return and will continue to rise, but after the pullback to the trend.
Pulbek is expected to continue to the purple line. After the return support, it has a good price
We have two time lines, the first line falling and the second line rising after a few candles