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BNBBTC trade ideas

BE VERY CAREFUL FOR DOWNTREND!Bnb seems to not affected by much needed retrace in crpyto markets which is not a good sign! One should be very careful with bnb trading if they are long bnb! Bnb is very close to the ATH area and highly overbought right now. Volume is decreasing a lot lately and BTCUSD pair is trending downward hard. Therefore one should not buy from this area and should start taking profits! I expect BNB price to retrace 0.008 areas for healthier uptrend. Right now price action is too hot and volatile. This mean money running from BTC and coming to BNB but if BTC keep losing its value people can panic sell that can lead to huge loss in altcoins! Be very careful and let the price consolidate or even retrace a bit.
Short
by thegreatwall38
BNBBTC ShortWilliam Alligator : the crypto is in a bullish position because the candlesticks start being above the Teeth, Lips and Jaw and the lines are “eating with an open mouth” this indicates that the crypto is in a strong uptrend. RSI : the line is above 70, so the crypto is overbought. Candlestick patterns : there is a bullish engulfing which is a bullish confirmation. Overall : it can be interesting to take a sell position on this crypto because the crypto is overbought. Entry price is lower than the current price for assurance and stop loss is set at 5%.
Short
by lena_vf
BNB INDECISION!Bnb had a huge price action for maybe over a year and in the last couple of months. Bnb price doesnt affected by the market sell off and still consolidating for the last couple days with lower volume. To be honest i really think bnb should go lower before another price spike because it went parabolic and need to chill a bit. I m not buying from this area but i will definitly not short it! Im waiting price action to get out from triangle and then make a decision. Be patience before making any trade decision.
by thegreatwall38
BNB/BTC - Only chart that matters! Expect higher levels!BNB has found a major resistance at around 0.01 BTC and was pushed back. This coincided with a price of $635. Can we go higher? Yes. The BTC pair chart shows that we are in a massive ascending channel that has formed since BNB was launched back in 2018. We have NOT yet reached the top of this channel which was resistance in the past and pushed price back down. As you can see, we appear to be on leg three in a Elliot wave up. As such, I'd expect BNB to continue up until we reach anywhere around 0.02 BTC / BNB which is the channel top. At that point I would be surprised for BNB to continue up. Such a level would correspond to a price of around $1,300/BNB at the time of this post. Time will tell, however I don't think BNB pump is over just yet. Once we reach the top of this channel, it is best to secure profits. Then re-assess. The price action remains bullish. We are quite extended on the indicators, but in such a bull market, we can continue for quite some time until we will correct. Like and follow if you liked this idea! Also join my crypto community to stay in touch!
Long
by DU09
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