BNBBTC trade ideas
BNB to outperform BTC BNB, the Binance coin, had a phenomenal week, setting a USD all-time high of $148.
In BTC terms, however, BNB is still behind its April 2019 high of 0.00481340.
Back then, Binance has championed the idea of Initial Exchange Offerings and introduced a lot of new functionalities to its BNB token.
And now Binance is going at full steam to integrate and lead all things DeFi. This seems to have been reflected in the token price, which gained +58% last week.
To check if the rally would continue, we’ve asked Hybrid Intelligence this question:
“The cryptocurrency Binance Coin (BNB/BTC) settled at 0.0027626 BTC at 12:00 PM UTC at the Binance exchange on Monday, February 15. Will BNB/BTC trade above 0.0031759 BTC (+14.96%) earlier than trading below 0.0023493 BTC (-14.96%)? (forecast 51-100% - bull scenario. 0-49% - bear scenario)”
Assurance: 88%
This is a bullish signal, suggesting that Hybrid Intelligence expects BNB to outperform BTC before any meaningful correction.
BNBBTC LONG SIGNAL.As you can see, BNB is breaking out of the handle formation indicated in red above the white dotted line, and is breaking out of the larger triangle indicated in yellow. If the candle closes above these levels, long. BNB has a history of following bitcoin. Great trade opportunity here. STOP LOSS: 26, TARGET: 35-40
Binance New ATH volume and user registrations.
BNB/BTC 150% profit within few days ... Enjoy with profit#BNB/BTC Profit Update:-
#BNB/BTC Hit our all Targets.
#BNB/BTC I told you to buy at 0.00125 BTC
And currently trading at 0.00262 BTC and went upto 0.00318 BTC
Almost 150%+
Entry:- 0.00125 BTC filled ✅
Targets:-
TP1:- 0.00165 BTC ✅
TP2:- 0.00232 BTC ✅
TP3:- 0.00369 went upto 0.00318 BTC
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BNBBTC Buy on break-out or on the 1D MA50Quick analysis on BNBBTC. As you see on the 1D time-frame, the RSI has hit a Resistance level that is holding since early 2018. The MA50 and MA100 are about to form a Golden Cross but no bullish move can be made as long as the 0.0032000 September 2020 High doesn't break (which makes it the current Resistance).
If the September High and the RSI Resistance forces prevail, be ready to buy once contact is made again with the 1D MA50 (blue trend-line), as on the pair's previous Bull Cycle, every 1D MA50 touch was a buy entry.
If however the the 0.0032000 September 2020 High breaks, the whole sequence will look very similar to the December 2017 bullish break-out fractal, which following the break-out from the Resistance, it peaked just above the 1.618 Fibonacci extension.
That extension is currently at 0.0063. Do you think its possible?
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Monthly Analysis: Binance - This is the pullback.History:
A buy signal presented itself on the Monthly chart when a Hammer candlestick signal
created horizontal support at the low of the Bollinger Band, signaling that the asset
was oversold. This occurred exactly at the 78.6% retracement of the up-wave.
Price has now met resistance at the 50.0% level and is poised to pull back. By
connecting this high with the previous one I'm able to draw a resistance line into
the future and therefore easily represent two high probability setups:
1) Today's candle is currently 47.18% from low to high. There is a little known
Fibonacci trick regarding large moves in single candlesticks; a move with sufficient
bullish momentum to bring price to new highs should not generally pull back greater
than 50% into the large candle. Therefore there are these two setups. In this case,
if price finds support at the 50% level (0.0020761) the wave can try and continue it's
ascent to the old high, invalidating the new one. Or,
2) Price will make a pullback into Fibonacci ratios relative to this up-wave. We will
look to enter somewhere between 0.5 to 0.786.
Here is a Golden Key: How price closes at Weekly Pivots P (0.0018719) will determine
whether the market will trade above or below it. a Weekly/Daily close above/below this
level will be a strong indicator as to the direction of price in the coming weeks.