BNB/BTCWhat are you still waiting for to buy BNB ?
The coin is actually retesting the rang low of the 1-year accumulation zone. If you believe in the power of CZ, take a long here as if the coin dumps through this support, it will be go much lowver.
High profits with tight stoploss to invalidate the setup.
Note: If you like the content and the setup, please give me a follow not to miss out on many altcoins charts to come.
BNBBTC trade ideas
Binance Coin (BNB) Volume Breakout, Fresh LookLet's have a fresh look at Binance Coin (BNBBTC).
Here we have what I call a "volume breakout".
Today, BNBBTC printed the biggest volume bar since April 2020.
On top of being the highest volume day in several months, we also can appreciate easily continues higher lows.
Without a shadow of a doubt, Binance Coin is one of the strongest altcoins...
If you are looking for a strong project to park big funds and have long-term potential gains, this is one of the best pairs.
We also have prices moving above EMA100, EMA50, and EMA10.
We remain 100% bullish on Binance Coin vs Bitcoin as long as price stays above the 14-May low (blue dashed line).
EMA200, brown line, is the current resistance...
Above this level, bullish momentum can grow.
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Remember to have a plan before you trade.
Do not worry about mistakes, they are part of the game.
Instead, learn from your mistakes and accept when you take some action that is wrong.
By accepting, you allow yourself to take a different approach the next time the same situation presents itself.
I made tons of mistakes while learning to trade...
I have many winners but also many losses.
I take any loss and learn from them to improve my strategy and win more often in the future.
Never worry if one opportunity goes away.
There are endless opportunities in this cryptocurrency market... When one door closes, many more will open...
So remain calm, breathe deeply, and take your time before jumping into any trade.
Namaste.
BNB, BINANCE's FASTEST HORSE!BNB has always been in an overall uptrend, the coin naturally pumps when BINANCE gets more and more people onboard.
When altseason happens, the affluence on exchanges skyrocket and so will BNB's price
We have been in a small downtrend and stopped for accumulation, the token making higher lows with volume which is a very good sign.
It is always a good idea to add an exchange coin to your portfolio as it is a secure edge, reliable and with a real use case.
Binance being the leader in the altmarkets, it has also added new margin trading possibilities on alts.
PUMP IT
EW Analysis: BNBBTC Remains Bearish: Wedge Pattern Formation?Hello traders!
Today we will talk about BNBBTC and its price action from Elliott Wave perspective.
BNBBTC is clearly bearish, but it's obvious that is slowing down. However, we still see room for more weakness, especially because of the recent three-wave intraday corrective recovey only. So, it's ideally unfolding a bigger ending diagonal (wedge pattern) into wave C that can send the price even down to important November 2018 and 0.0012 support level.
The main reason why we think so is because BNB(Binance) is currently not so strong and we also believe that BTC dominance will come back soon, so all these evidences suggest that BNBBTC may stay under bearish pressure. Count would be invalidated only in case of a rise back above 0.0023 level.
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Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
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
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
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.
$BNBBTC - daily chart update$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)