Buy & Hold Idea for BNB/BTC (May 2nd, 2020)I do not believe that this needs much explanation. There is some risk here as BNB has been in a very long downtrend against BTC for quite some time, however, I believe that the FA, coupled with the TA here, makes it for a worthwhile bet. Stops can be relatively wide here IMO because BNB holds value beyond just trading it.
Not financial advice. Just learning how to chart!
BNBBTC trade ideas
Binance Trading IdeaHello traders,
Binance seems that is going to test an importante support level in a few days. It will be an excellant opportunity to open long position in binance coin with a low ration risk/return.
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Best regards, Sandro and Gustavo.
BNB/BTC - Good entry for long positionIdentifying reversals using swing points
For a swing point low:
The first candle makes a low.
The second candle makes a lower low.
The third candle makes a higher low.
This third candle tells us that the sellers have gotten weak and the stock will likely reverse.
This is all my own opinion. Please take this information and do your own research.
BNB/BTCWith the explosive growth of Binance, BNB seems to be one of the best coins for long term holding.
This coin is actually sitting on the horizontal support zone.
It also found support on 100EMA and 50EMA on the daily.
You can also see the falling wedge that is about to be broke.
Hidden bullish divergence on the hourly.
I took a long position here.
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BNB vs BTC very clean short setupSo for this setup, this is as confident as I get.
Bearish Chuvashov fork developing with clear bearish 4H RSI divergence to support it.
Once I get the confirmation - fork line break and (bounce / close below ), I would expect price to retrace back to the trendline at minimum (21k).
BNBBTCHi guys! The BNB is approaching the support level of 0.00225. I allow slight slippage with subsequent growth. On Saturday, the eleventh burning of BNB tokens took place, after which about 10% of the coins were withdrawn from circulation. In total, the exchange burned 3,373,988 BNBs (about $ 52.5 million). I am sure that this will be the impetus of the price to the resistance level of 0.0023.
#BNB/BTC Update and Other coins StrategyHey guys, hope you're doing well.
In the last update our chart worked well and we retraced to our green accumulation zone not exactly how much we expected. Reason being the flood of Buyers for BNB Token in order to take part in the launchpad.
One more advice I would provide you here, since binance is launching another coin we might see other Newly listed coins to pump in order to lure people to take part into this launchpad which is eventually take the price of the token 2x to 5x!!!
Just my thoughts.
Currently BNB is holding the .0022 level very strongly. Within this week I expect more 10%+ growth and even more than that.
Stay tuned I'll keep you updated about the strategy to implement if you're holding BNB and other Newly launched coins on Binance.
#Peace
Binance Coin Ascending Channel, Remains BullishBinance Coin (BNBBTC) remains bullish.
We have a steep ascending channel taking form and prices recently staying above EMA300.
Staying above EMA300 can lead to a massive hump.
This is a solid setup.
Even if prices drop, we remain bullish after and expect a strong bounce.
Additional information (long-term analysis)
Thanks a lot for reading.
Namaste.
BNB a MASSIVE bull run coming on the famous Binance token???Hello everyone! Look out at the BNB the token of the famous exchange Binance! On the fundamental aspect Binance achieved many improvement mostly to play against severe competition of derivative exchange and they did well now it has even taken the first place on futures and derivative exchange on crypto and they included many new features.
Even with that, still not going up but it could do it soon.
Don't forget BNB was popularly considered as a hedge for bitcoin while in a minor downtrend and BNB isn't much correlated to others alts and btc, Of course if alts are starting an uptrend BNB will follow as well for sure.
Now let's take a look on the technical!
Overall view at 1D chart.
So it still holds the support in an overall bullish trend it has broken a major trendline and pull back now this was also a sort of rising wedge now broken, retracment 38% level around 3000 should watch as short term target.
1M
This is about to make a nice bullish engulfing on support in a bullish on uptrend, but the candle isn't closed yet.
1W
Nice candle seem look good also RSI is about to breakout, we can target 3600 at 61% first and after for more long term 5600 at 127%.
4H chart
Breakout pull back clear uptrending.
1H chart
Not much to say but it seems bullish and ready to breakout the high and make another move up.
What about USD?
I have nothing really to say but just look at this candle and how this trendline hold on monthly.
Feel to share your thought in comment I always read all and try to answers if possible.
Thanks for reading take care!
$BNB, Flipped ~215k resistance into support...$BNB
Flipped ~215k resistance into support & now is looking for continuation toward ~250k sats (10%+)
Careful since Volume has been decreasing over the last 4 days (we may retest support prior continuation)
12H EMA50/200 golden cross
1D UCTS Buy signal (12% up)
#BNB
#BNB/BTC Update lower TFThis is a lower TF Chart.
As per my last Updaet BNB is following our plan.
Keep in mind guys we are heading towards a 30%+ pure profit.
Just remember that we can accumulate BNB between:
.00206 to .00212 If you missed to buy already.
CZ will do anything to pump his coin too.
Right now I feel The Binance IEO season will also affect the price positively.
Resistances are drawn in the chart.
Stay tuned for more updates.
BNB bullish news BNB hit all the targets given previously. Now that they issued the news, got to close 4H candle above ~22200 to start the growth. Otherwise someone may sell the news and push it to one of lower support zones. But in general and long term I am very bullish for BNB.
Support 22150 - 21780 - 21375 - 20833
Resistance 22550 - 23000 - 23700 - 24800 - 26000
Week chart with 20EMA true range channels:
News:
Binance Chain Community Releases Whitepaper for Enabling Smart Contracts
Smart Contracts
BNB Staking
Open Source
EVM Compatible
Fast Block Times
Low Transaction Costs
Read the full Binance Smart Chain whitepaper here:
www.binance.com
What Happens If Binance Coins Conquers EMA50, 160%+?Here we are looking at the long-term chart for BNBBTC, and we can easily appreciate prices trading above EMA50 at 0.0022361 this week.
The yellow box represents what can happen if EMA50 is conquered.
Meaning that prices close and stay above this level... A strong bullish wave can follow.
If EMA50 can't be conquered then we can have more consolidation or a drop.
Please note that prices can drop in the future, this is just one possible bullish scenario that we are looking at now.
Thanks a lot for reading.
Namaste.