BNBBTC trade ideas
No better time to sell $BNB No value just hype and manipulation, you are funding for free binance operations...nice!
Binance Coin against the king of cryptocurrencies, bitcoin . Binance Coin against the king of cryptocurrencies, bitcoin.
We have fluctuated a lot during the chart in the ascending channel for the last two months or so.
The price is currently reacting well to the simple moving average line in the middle of the Bollinger Bands indicator.
If this good trend continues, we will have a price return and the 19627 target and then with the good and continuous volume of Target 20757 will not be out of reach.
Otherwise and closing the price below 18971, it can assure us to reach the price of 18317.
A pullback on the downtrend line in the CCI indicator can also help us make decisions.
BNB going up.Following an oversold period, Binance coin now appears to have found support on the ever important 21-day moving average with higher lows on the RSI. Yesterday's daily candle closed at a higher price than the opening price forming a bullish engulfing candle. I'm expecting a 30% move to the 600-day moving average marked n red.
The 2-day chart yesterday printed a bullish Dragonfly DOJI
strong bull div bnb/btc weekRSI strong bull div week
FiboRules
my tg 0.618
Make ur choices, not a financial advisor
BNBBTC S/R Flip| .618 Fibonacci| 21 MA| Swing HighEvening Traders,
Today’s Analysis – BNBBTC – respecting weekly support and breaking above a key daily level, swing high is the immediate target.
Points to consider,
- Local trend impulse sell (oversold conditions)
- Macro weekly support
- Technical confluence (.618 Fibonacci & 21 MA)
- Oscillators overextended
- Volume below average
BNBBTC impulse sell lead to an oversold bounce from key macro weekly support, this relief rally gives us a short term bullish directional bias.
The daily has multiple technical confluences, the .618 Fibonacci and the 21 MA. Price is likely to put in a retest for a confirmation of an S/R Flip. Price acceptance will increase the probability of testing swing high.
The oscillators are both overextended; a retest of the daily level will bring them back to neutral territory. This is healthy for the overall short term trend.
Current volume profile is below average, an influx is probable when testing daily support. Follow through in volume is important for trend continuation.
Overall, in my opinion, an S/R Flip retest will allow for a valid long entry into swing high. Price action is to be used upon discretion / management of the trade. Price breaching daily support will negate the trade idea.
What are your thoughts?
Thank you for following my work!
And remember,
“A quiet mind is able to hear intuition over fear.” ― Yvan Byeajee
Can BNB break the 200 day EMA?Resistance from 200 EMA. RSI and Price peaks are going different directions. Potentially a head and shoulders forming. Would need to see a new high formed soon for me to go long.
Binance Coin (BNB) Getting Back On TrackBinance Coin (BNBBTC) is getting back on track and we can notice a very strong green candle with bullish indicators.
We can say that the retrace is complete and prices can resume going up.
The first target is sitting at MA200 at 0.0021076 followed by 0.0026219.
This is not financial advice.
Namaste.
BNBBTCBNBBTC
1 - 0.0020870
2 - 0.0022386
3 - 0.0024543
Breakout of 0.0018, the price may fall below
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$BNBBTC - daily chart update$BNBBTC - daily chart update
Binance Coin (BNB) is the cryptocurrency offspring from one of the world’s largest virtual currency exchanges, Binance. Binance launched the token in July 2017 as an ERC20 token based on the Ethereum blockchain, raising over $15 million in an initial coin offering (ICO).
Binance’s cryptocurrency exchange launched in early 2017, becoming the world’s largest cryptocurrency exchange desk (by trading volume) by April 2018.
Binance Coin is primarily used to pay for services and fees when trading other cryptocurrencies or digital assets on Binance itself. Using BNB often grants the trader discounts over using other payment methods on the exchange; as a result, it’s often characterized as a sort of loyalty coin.
BNB cannot be mined, as it was all premined during Binance’s initial offering. If you want to get your hands on some you’ll have to buy it through an exchange. Even though BNB is native to Binance, it can also be traded on other market places like Bancor, IDEX, and Gate.io.
Given the size and popularity of Binance, BNB has continued to grow as one of the most valuable cryptocurrencies available today.
BNB support zone already show bulls defense Hello, traders.
Here a quick and straightforward analysis for BNB. which it reached a demand zone and already had a bull's defense. But be careful, we are still next to the long-term resistance line, so we can do nothing but wait for a precise definition, with the break of support or resistance.
Bests Regards.
BNBBTC 1D balling wedge breakout long setupTA explained
BNBBTC is breaking out of a falling wedge at an area above previous lows which is very bullish.
Targets are previous highs and resistance zones.
Also BNBUSDT is looking strong and outperforming BTC is therefore very likely.
This setup can be traded in margin as well up to 5x leverage.
Trade setup
Best entries: 0.0017000 - 0.0017250
TP1: 0.0018421
TP2: 0.0018989
TP3: 0.0019990
SL: 0.0016183
RR: 3.14
Max leverage: 5x
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Do Your Own Research (of course)
Trade at own risk (of course)
Only trade what you can afford to lose (of course)
BNB/BTCBNB is retesting both the range low and the downtrend line which has been broken ealier. This is where swing traders should step in for the aim of the range high.
Note: If you like the content and the setup, please give me a follow not to miss out on many altcoins charts to come.
BNB.BTC (Y20.P3.E1).Timing for entranceHi All,
The above the weekly chart has a wedge (potential breakout) formation. Below has some additional details.
BNB has some positive news where Binance CEO CZ hinted that the exchange will be launching a DeFi-related IEO.
Rumors from Binance CEO CZ about an upcoming DeFi involvement send BNB upwards and maybe break this resistance.
As long as Bitcoin maintains its position above the $9,500 level, many altcoins will mark impressive gains.
BNB.USDT chart below outlines the layers to break the main trend line, which will reflect the BNB.BTC pairing resistance trendline above.
Note: WS\WR weekly support and weekly resistance lines which has confluence with fib. lines.
How to trade this?
Looking at the 10/20/50 EMA level, one will be likely the bounce level. To gauge this, I will be using the 8HRLY time frame and indicators for the signal to enter.
Macro structure
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Regards,
S.Sari
BNB, BOUNCH FROM BOTTOMDont forget to collect this one, after bounch from bottom and break its resistance, it could be bullish
BNB/BTC Falling Wedge Patten in Weekly. BTC is in consolidation mode, we are experiencing an unexpected altcoin season ahead of bitcoin bull run. Lets take look at one of the coin in my watch list
BNB is in a falling wedge pattern. If you look at the history in weekly chart. We had serval falling wedge pattern during the previous BNB bull market to set off another potential break above the wedge.
I will pay close attention to see if the price can close above the wedge and also 50 weekly MA. If it does, well, another bull run is incoming potentially.
BNBBTC BNBUSD - BreakoutLooks like we escaped out of this pressuring resistance line. In Dollar I believe BNB can reach 60$ (to the top of the channel).
Vs. BTC we could see a rise of 50% to 0.003 BTC and then reevaluate from there.
