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BNB - Fingers Crossed For $220 BounceBINANCE:BNBUSD - 4H Haven't posted any charts in a while as the initial ride up from the prior ones has been sweet and enjoyable. Nevertheless, I've been dabbling heavy in BNB DeFi and have some interest in finding good entries for the token itself. BNB has been in chop city for a few weeks now, but this dump is looking different. BBands have fanned outward dramatically but the candles indicate it being oversold. I expect a small bump up to the EMA then an ensuing dump to $220. $220 is going to be key for me should it get there. A strong bounce will give me confidence to move in further. I'll load in some fiat and use that BNB to increase BSC DeFi positions while retaining a portion for a potential rise back to $270. If $220 fails we're barreling straight towards the $195 region. If that gives way, it's all she wrote and I move all my bsc plays into stable LPs. This is not investment advice and trading cryptocurrency is high risk
BINANCE:BNBUSD
by LoDoCrypto
CHZ Bullish hidden divergenceBullish hidden divergence with the RSI indicator (red lines) , 4 hour time frame. We need confirmation to enter any position , breaking that .50 fibonacci. If confirmation happens maybe break the next resistance on 0.70 price. This is an idea , trade at your own risk. SPANISH: Divergencia oculta alcista con el indicador RSI (líneas rojas), marco de tiempo de 4 horas. Necesitamos confirmación para ingresar a cualquier posición, rompiendo ese .50 fibonacci. Si ocurre la confirmación, tal vez rompa la siguiente resistencia en el precio de 0.70. Esto es una idea. Tradea a tu propio riesgo.
Long
by IvanSanchaNez
6
BNB // Time is on your side: 400$ before end of April!BNB has seen a huge surge in the last month. It was so huge it caught me off guard. Since we overshot a lot, we do see a extended correction / accumulation period; weak hands are almost shook out and we can resume the bull run. Binance / BNB has such great fundamentals that you cant afford not have BNB in your portfolio. (research yourself why) NOTES: Time is on your side, the longer it takes to breakout, the higher the breakout will be. BNB burn is coming in a few weeks which will again be the biggest BNB burn ever because of the record high traffic on Binance. The Coinbase IPO is coming soon which is expected to be valued at max. 100BN, when the IPO launches and does great; BNB will surge aswell because its your only way to get exposed to Binance's valuation. I am more bullish on Binance than Coinbase because of Binance's technical infrastructure, adoption and BSC; this means for me that Coinbase and Binance should be at least of similar value. Which in the end means that BNB is undervalued. There are also rumours that Coinbase will launch a security token to get exposed to Coinbase but thats just rumour but could be true. TA: Look at green trend line and what happened when we traded below it last times; breakout and a new ATH. Elliot wave correction is almost finished so she could have a "smaller" breakout this week already, if not; than a bigger one later on. We could see a few weeks more consolidation or we could breakout tomorrow, its hard to say with BNB but when she goes, she goes. Be careful with your leverage esp. on the BNB/BUSD pair, market makers love to stop / liq hunt you and Binance is in control of both assets in this pair; so better USDT imo. Dont over leverage and drop your stop loss in profit when we see a confirmed breakout. (wait for a confirmed breakout with volume!) REMARK: there is potential of us remaining bearish until the Coinbase IPO or BNB burn but I believe at least a decent breakout should be on by the end of the HUGE blue triangle. Be patient! BTC DOMINANCE: BTC and BTC dominance is coming down (see my charts linked below) which means this week will be a very bullish week for alts IF(!) BTC consolidates and stops being crazy volatile for the short term. IMPORTANT: this is not financial advice, just my opinion, trade or invest at your own risk and research / dd.
by cryptobullethbtcxlm
7
CAKE sidelining CAKE REVIEW Rough consolidation for CAKE, just experienced a bad event recently with the DNS attack, luckily the team managed it really carefully. Most of the value of CAKE remained because of people staking it and using farms for rewards. Price action could be explained by less buyers in and more early adopters selling to invest elsewhere. Lack of new incentives to buy $CAKE is reason why price is slowly dropping. As long as TVL remains high and solid, I wouldn’t panic. The fact that the price is under the 200EMA in the 4H chart makes me kinda bearish, but when we zoom out to the daily we are only near the 50EMA, which is still fine for now. RSI has been under 55 for the main time since mid February (but never went completely oversold)which shows that a lot of people are still holding and staking. Pancake is willing to be the Uniswap of Binance, for so it has revamp itself, which is going to happen before June 30th with CAKE V2 to happen in Q2. On a fundamentals perspective, I am really bullish on CAKE since they are planning to change the contract for migration and develop: * The ability to create a referral program (users can earn a percentage from referral fees). * Adding an automated buyback and burn mechanism (from trading fees). * Enable automatic compounding on syrup pools. * Enable access to minting logic; governance votes decide on emission rates. * LENDING & BORROWING PancakeSwap is currently working on a Minimal Viable Product (MVP) version for lending and borrowing. The high demand for such products can be seen in projects like Venus, which is currently the project with the highest TVL on the BSC. PancakeSwap wants to be able to offer this service to its users as well. The fees generated by lending and borrowing would be used to buyback and burn $CAKE. This product will be released after the release of their prediction market. These are the reason why I would buy more if ever we would retest the red support at 5$. Otherwise I’d keep staking in the syrup pool and earn juicy CAKE that I would sell not less than 22$ Cheers
C
by OobCast
ALPHAUSDT Waiting for the flag pattern breakout!ALPHAUSDT (4HCHART) Technical Analysis Update Waiting for the flag pattern breakout ALPHA/USDT currently trading at $1.61 Long Entry-level: Only buy after flag pattern breakout (above 1.68$) Stop loss: below $below $1.39 Target 1: $1.85 Target 2: $2.00 Target 3: $2.37 Target 3: $2.75 Max Leverage: 2x ALWAYS KEEP STOP LOSS... Follow Our Tradingview Account for More Technical Analysis Updates, | Like, Share and Comment Your thoughts.
Long
by GreenCryptoTrades
2
1inch/BTC also ready to perform reversal soon? One more post for 1inch/BTC pair. For 1inch/USDT pair, you can go to my profile and find below: "1INCH 4hr chart waiting for breakout? + Project review" For 1inch/BTC pair, seems it may perform a bullish reversal soon? - Key support level 0.00007000 Sats (highlighted by yellow box ) - Dropped more than 60% for this correction - MACD almost turn to green candle. - Using Fib Retracement (1.618), 1inch/BTC pair may go to 0.00022937 Sats next round? This is not financial advice. Just my point of view. You're welcome to leave your comment if you want further discussion.
by cryptotraderman
1INCH 4hr chart waiting for breakout? + Project reviewActually, I'm still holding my 1inch. I bought more and more 1inch around $3.8-4.2.(Most of my 1inch bought from $1.35) - 1inch have more than 50% correction after ATH. - We have more than 30days for the current correction period. Will end soon? - $3 is 1inch very strong support level - Using the Fib Projection, 1inch may go to Fib 1.618 ($8.39) even more in next round. - In 4hours chart, seems 1inch is breaking the down trend. For more development details of 1inch, 1inch exchange also can support BSC chain now. Users can using 1inch exchange with lower gas fee and faster transaction time. 1inch exchange users, twitter followers , staked token and volume also keep growing. And 2021 still is the Defi year and many people waiting for ETH upgrade to solve the gas fee issue. (Actually 1inch not only base on ETH chain now) Therefore, I trust 1inch is still undervalued and which is a high potential project. This is not financial advice. Just my point of view. you're welcome to leave your comment if you want further discussion.
by cryptotraderman