BNBBTC trade ideas
BNBBTC Sell Or Buy ?!Welcome Traders >> We Have Here Opportunity And Direction For $BNBBTC
! Tools Details On Chart !
♦️ We Have Up Trend Area >> Waiting For Break Out To Sell
♦️ We Have Resistance Area + Fibonacci Area » Waiting For Break Out To Buy
📚 Vision 📚
🔷 We Have 2 Ways 🔷
1- Sell » When The Price Break Out Up Trend Area And Test It .
2- Buy » When The Price Break Out Resistance Area + Fibonacci Area.
♣️ Vision Now ♣️
Buy Now To Resistance Area + Fibonacci Area
!! Please Take care Trading Is Very Risk Don,t Risk On Any Position
BNB/BTCBNB is retracing exactly 50% from the last high and is actually sitting on weekly support. With Binance Smart Chain coming up with which you can farm new tokens with BNB, its clearly that this is a golden buy opportunity for the mid term hold.
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BNB/BTC - Keep it simple (Long term support)Here we have a former resistance zone that has flipped to support.
A triple bottom has formed as marked by the green ticks. I believe this is fantastic risk/reward area to take a long trade.
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BNB/BTC (Weekly Bullish Engulfing Candle)BINANCE: BNBBTC
-Binance coin broke the midterm resistance at 0.00240 sat
-This is an engulfing Bullish if the weekly candle closes above
-Can we expect a pullback to test old resistance becoming new support?
-If the next candle is also Bullish then it will not happen in the near term
-It is more likely to test the resistance at 0.361 sat before seeing a correction
-I'm not saying BNB will go straight to ATH so please don't FOMO!
-The market will not go straight up, wait for a proper pullback if you want to enter
-Plan your trade before executing and calculate how much risk you are willing to lose
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And for that reason, "I'm out"I've noticed a lot of ideas being shared of "Long" on BTC in the past 24 hours.. and most are with regards to daily and weekly. So I get it and I agree. But everything percent matters to me right now. If we want to get technical instead of personal attacks, this will pull back towards the Kijun and MA... so I'm out for a quick short that will only last a few hours and we pull back from the scrubs entering. RSI tells the same story.
Likely will ride that OMG or other moves til this simmers down some.
BNB needs to retest 21 EMA (hourly chart analysis)BNB had seen a pump after a short period of re-accumulation -- where the green w-like pattering is marked (bought earlier at breakout back over the red 21 EMA).
Cyber Ensemble SELL signal has now been triggered.
PRISM oscillators looking bearish in the short term as well -- overbought (red background), and with the AJ-Ribbon falling with widening gab between the limegreen jerk-line below from the red-acceleration-line above, pulling momentum down. The middle Snap-like had already plunged negative.
BNB will need to drop at least to the 38.2% Fib level, where the red 21 EMA is at. This is also roughly where the previous local high was at as well as where the green Ichicloud is approaching.
If the 21 EMA fails to hold, expect to drop down to 61.8% Fib level where the green 50 SMA is also at.
Bearish if 50 SMA fails to hold and bearish target is at thick orange 200 SMA line.