A relief pump is possibile.We liquidated some BNBBTC about 30% higher, back in december. Not far off the 0.18 mark.
Nowadays BNB is a pretty risky asset, that said i foresee the potential opportunity for a scalp on W TF.
Key findings:
Bullish divergence on D, slight volume spike.
Overextended (red) TD 15 Count on W.
Slight bullish divergence on RSI/W.
Close to FIB 0.382.
Close to falling wedge Apex.
Early notice , Decent R:R here.
That's a high risk trade given D is still mixed and a further slump to 0.10 cannot be excluded for the time being.
So handle with care, DYOR.
BNBBTC trade ideas
Binance Coin ( BNB/BTC ) Price AnalysisTechnical Analysis of BNB/BTC:
The current trading price of BNB/BTC is 0.0132 BTC and is currently trading near a high resistance level. The resistance level at 0.0134 is crucial, and if there is a break above it, there could be an upward move of around 20%.
However, if the price rejects this level, we could see a downside move of 30% from the current price and 24% from the breakdown level.
In my opinion, a downside move is likely to occur.
Therefore, if the price hits the 0.01 BTC level, it could be a good entry point for a long-term position.
I will provide updates on the situation periodically.
Please like and share this analysis if you find it helpful, and follow me for real-time crypto updates.
Thank you.
$BNB BEARISH FRACTAL (BNB/BTC)I think arbitrum, optimism, etc. will take a lot of BNB's dominance in terms of total crypto market capitalization. Also, with fud around BUSD and regulators seemingly targeting CZ / Binance, I expect Binance to underperform, though I think eventually when it is at a fairer value it may have another run. Coinbase also launching their own chain which means BSC/Binance has a lot more competition going forward. DeFi platforms like GMX also becoming much more mainstream which is yet another reason to be bearish imo.
BNBBTCHello Crypto Lovers,
Mars Signals team wishes you high profits.
This is a one-day-time frame analysis for BNBBTC
Here we have R2 and R1 as the resistance areas that express the price was not able to rise at different points. R3 used to be a support area. And S1 is a long-term support area in this chart containing the support of price even since the past. At the moment, we have the price fluctuating in S1 area in a rising trend and we expect it to resume its rise and reach R1. Then by having some rising signs there, we would wait for an increase. So if we receive some confirmation candles to rise, an increase would take place for the price to break R1 upward and even move toward R2 area in case it is supported and faces more fluctuation over R1. In case S1 area is lost, and the price is not supported at any point, more fall is predicted there for it to touch lower amounts. Please bear in mind to wait for some confirmation candles in order to make sure what will happen next and act precisely and well.
Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.
Wish you luck
[Heads up] BNBBTC still close to ATH, watch it.BNBBTC is still relatively close to its ATH, despite opverall alts weakness (except for ETH).
Given the peculiar recent tall doji candle, despite low volume, it's worth watching.
If it holds it may paint an ascending triangle or Cup & handle towards a new ATH.
BNB POTENTIALLY BULLISH AS DEPOSITORS INCREASEBNB flips potentially bullish VS Bitcoin as deposits increase on binance as FUD becomes less effective. There are some huge shorts on BNB right now but if the FUD fails they will have to close, being they are already in profit its seems likely they will have to buy into the order book to close the positions. I have taken a small long on BNB. For more information lookup TMG Trades on a common video website.
Strong bullish divergence on the 1hr BNB chart.
BNBBTC 1DBNBBTc threatened to break through the MM200, but soon retreated and continued above the MM200. At this moment it is returning to the median of the Keltner channel. Allied to this, there are also negative rumors about Binance, which is causing many to sell their assets.
BNB continues with its great fundamentals and Binance resolving these small issues it returns to normal.
Here are the supports and resistances:
S: 0.01377 / 0.01218
R: 0.01588 / 0.0172
BNBTC - Gartley Follow the trend. Need we say more? Follow the trend, investopedia and no one can tell you. It is what it is. Theres no time like now! Now is the time. The further the time way the bigger the risk. The time is now. :) <3 Downtrend in Favour! Be careful buyers. Buy and sell .. dont hold!
BNB BTC is on a mission. But where will it endBNB is a very interesting token - from Elliot's wave perspective. even during this market crash. BNB has outperformed BTC when looking at BNB BTC and recently it has broke the ATH into exploration mode mode. Thanks to elliot and Gann anlges and elliot wave - which gives us an indication of where we could go. Based on Gann angles - BNB should reach 200% from here - as a conservative measure. Mind that this is a weekly chart - so there its a medium term target. Short term target its on track for an additional 20+%. Interested to hear your views on the wave count and targets on BNB. Beyond technical analysis - BNB is strongly acquired during bear runs to reduce commission charges during bull runs by whales. Additionally its a solid blockchain which is getting strong attention.