#BNB Price can bounce up from the area!!
#BNB DAILY TIME FRAME UPDATE
BNB made these two bullish patterns one is descending channel and another ascending triangle pattern.
BASIC INFO
What Is an Ascending Triangle? An ascending triangle is a chart pattern used in technical analysis. It is created by price moves that allow for a horizontal line to be drawn along the swing highs and a rising trendline to be drawn along the swing lows. The two lines form a triangle.
What Is a Descending Channel? A descending channel is drawn by connecting the lower highs and lower lows of a security's price with parallel trendlines to show a downward trend. Officially, the space between the trendlines is the descending channel, which falls under the broad category of trend channels.
According to the descending channel pattern, we may retest the 300$ level and then we can expect some good bounce and according to the ascending triangle pattern we will bounce from there only up to $500 level.
Stay tuned I will keep updating
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BNBUSDTPERP
BNBUSDT - Expecting Massive Breakout!!BNBUSDT (1W Chart) Technical analysis
BNBUSDT (1W Chart) Currently trading at $315
Buy level: Above $320
Stop loss: Below $250
TP1: $390
TP2: $460
TP3: $520
TP4: $690
Max Leverage 1x/Spot market
Always keep Stop loss
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BNBUSDT NEXT POSSIBLE MOVEHere you can see the chart of "BNBUSDT" at different time frame. In the 1 day time frame the price has a major Resistance zone at "330" and a Trendline support at "290" and we are expecting the price to reach the resistance zone and take rejection from the point. Also you can see that the price is forming a BULLISH FLAG PATTERN in 4 hout time frame
for #bnb we will be finding out!For Binance Coin, it must be said that what we are considering has not been formed yet!
But with a simple look at the #market situation and the conditions that occurred in the last few months, it is not possible to say whether #Binance #Coin will be an exception to this rule or not.
What you see below this chart are very important lines that have shown their validity in the price structure and the chart, and what can be said is that we cannot be certain about the possible path that may take place in the last few months. Kand commented, only the lines and ranges have been determined for further investigation.
Please note that our main idea about ##Bitcoin is still bearish and it seems that the market does not have enough value for investment in larger time frames.
BNB/USDT :: Under the protections !!!BNB/USDT :::
Currently, bnb is in a downward channel on the daily time frame .
The price is following the middle line of the channel and has proven this by hitting this line a lot .
bnb has broken several resistances and can create a buying position .
<<< Good luck >>>
We can set 3 possition For BNB Nowas the area we can set 3 different Position For BNB
if BNB stabled in Support Line (white Line) we can have a Long Position
But If BNB breaks the support Line, we Can Enter a Short position on the pullbacks as shown in the chart.
when the Shot Position Completed, we can set a Long Position open that area.
you should know this is not an investment suggestion and all risks is on your Own.
BNB ANALYSIS#BNB UPDATE.
#BNB is currently trading in ascending triangle where blue box and pink line qare the resistance bnb is currently facing.For now bnb needs to close above the blue box area for upside move however if bnb loses the black line support then it might again test the net support level.
Binance Coin Analyze (12/04/2022)!!!
Binance Coin wasn't able to break the resistance zone.
I expect Binance Coin will go down to a heavy support zone again, and this zone can be a good chance for buying BNB for your portfolio.
Binance Coin Analyze, ( BNBUSDT ), Timeframe 2Days⏰.
Do not forget to put Stop loss for your positions (For every position that you want to open).
Please follow your strategy, this is just my Idea, and I will be glad to see your ideas in this post.
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BNBUSD - sorry but you won't like itFirst of all, we would like to apologize if you are BNB bull and this trading idea made you shaking or you already have a panic attack.
But let's be honest now! BNB pumped like crazy and didn't give it back yet in the current bear market.
Is it impossible for BNB to drop to $45 area? Probably no. It would be 93 % drop. In 2019 bear market ETH dumped over 94 %.
In the current bear market there's a lot of FUDs around. We already saw FTX collapse, rumors about crypto.com insolvency and many more. It looks that CEXes are in trouble .
Perhaps we will see more FUDs regarding Binance and it would be a trigger for BNB price to dump heavily?
We believe that if BNB breaks down below 184$ and there are more / new FUDs around, the price may drop to 45$ again. There's literally no support anywhere between.
Many won't like this trading idea, but it is what it is.
Probably it will take some time to drop so low, but if the bear market for risk on assets were to continue , it will happen sooner or later.
From another hand we expect Binance to be a leader amongs crypto exchanges therefore $45 would be a golden opportunity for a long-term investment.
Binance Coin Analysis 26.11.2022Hello Traders,
welcome to this free and educational analysis.
I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities.
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