BNBBTC trade ideas
Binance Coin Gains Momentum (Everything Is Clear Now!)We now have Binance Coin (BNBBTC) moving pass strong resistance easily.
Current action
Prices trading above EMA200 after EMA100 and MA200 were easily conquered on increasing volume.
MACD and RSI
Both indicators are looking strongly bullish right now.
Altcoins
The name of the coin is Binance Coin... We can easily take this as a signal that the Binance Altcoins are done with their retrace.
If Binance Coin starts to grow, the other Binance Altcoins are very likely to follow and the charts I've been surely are saying so, take a look at MDABTC below:
Thanks a lot for reading.
Previous analysis | Apr 4 | Binance Coin vs Bitcoin | Multiple Timeframes
Namaste.
BNB-BTC longWe can see a pattern with higher highs and higher lows which normally indicates that price could follow in channel to the next higher high.
Binance coin is utility token for reducing fees on Binance exchange and therefore many traders use it instead of USDT which gives BNB a value because it has lots of holders (after a trade you always stuck with some bnb fractions)
The more holders a coin have, the more stable it is. BNB is very stable and good to trade with.
BNB Mixed signalsBNB has formed a large triangle
BNB can be seen to be consistently getting rejected at fibonacci circle levels
A broadening wedge and a falling wedge are bullish factors for BNBBTC
Could be forming a large H&S
BNB/BTCThis is one of the most juicy setup I could find on Binance right now. Let's dive deeper into the analysis.
Technically speaking, BNB found support at 50MA and 200EMA on 4h timeframe. Also, it had broken the triangle ealier and has just retested the triangle as BTC has dropped to the key support around 6K9.
Fundamentally speaking, BNB is going to have quaterly coin burn and ieo very soon.
Given that BTC actually found support at 6900, R/R is just perfect in this scenario to me.
If you like the content, please give me a follow for more ALTS analysis to come.
S&R - 4hrBased on S&R, I can see that the ranging market is respecting the trend. I believe that price will bounce off support.
1. Noticed a slight double top and bearish tweezers head (Candle stick)
2. Predicted good entry point once the market its support and becomes bullish
BNB/BTCThis one is ready for the next pump. Broke and retested the triangle. Coin burn and new IEO coin (according to CZ tweet) are coming. Safe bet even during the BTC volatility.
If you like this content, please kindly follow me for more to come. I'm trading ALTS quite often.
BNBBTC- Hello Traders ,
- BNB is forming an ascending triangle pattern.
- Breakout from this triangle can lead it to 122000-24000 in upcoming weeks.
- Follow us for more updates
BNBBTCGood afternoon, dear traders! The BNB is in local lateral movement from 0.00204 to 0.00208. The first ascending triangle worked on April 5th. But there is another one with a border of 0.0021. At the moment, I expect a slight increase to the resistance level with further correction, possibly to the support line of 0.00202.
If you like my ideas please hit the like button. I'll be very happy.
Thanks for your support. Have a good day and may the profit be with you!
$BNB, Worth setting some alerts of this descending trendline...$BNB
Worth setting some alerts of this descending trendline breaking.. 😏
It may retest support prior breakout. Volume has been increasing aswell..
UCTS Signaling a BUY on the daily chart..
#BNB
BNB is one of the safest bets you could ever askI will not talk a lot on the description about this, you can see the chart talk itself. Anyway, one of the biggest player on the planet, control one of the famous exchange in the cryptosphere; why wouldn't we bet on the best right?
BNBBTC - MBA Trading Academy TA Fridays 3/4/20Broke above ascending triangle, creating HH then had a pullback into support zone.
Entered half my position after this bullish candle (strong volume). I've set another buy order if price pulls back further into support zone to 50% fibs (average entry will be 38.2%).
Stop loss is just below 61.8% which would also be a break in trend.
Could take 6 days to play out.
BNB/BTC Sensitive positionHello friends.
Following the previous analysis, BNB / BTC pullback to the previous resistance level and the new support at the time of 4 hours and broke the validity and touched the long-term downward trend line with a shadow and fell inside the triangle between the support zone and the trend line ... now Let's see when the trend line breaks.
Binance Coin vs Bitcoin | Multiple TimeframesLet's get straight to it and start by looking at the daily timeframe for Binance Coin vs Bitcoin, this is the main chart above.
Here we can see a strong reversal candle (circled in light blue) and also a cup pattern, this can result in mainly two scenarios...
BNBBTC goes straight up if prices can conquer EMA50 (0.002309) today.
Prices can also print a small drop before moving up, this would complete the classic cup & handle pattern.
Remember that charts are always changing, so a bullish chart today can become bearish tomorrow... Always have a plan before you decide to trade... Let's continue!
Here we have the weekly chart for Binance Coin (BNBBTC)
After a new low was hit, BNBBTC bounced and prices are currently trading above EMA100, weekly candle closes today for signal confirmation.
Resistance is now being met at EMA10 (0.0020477), this is a very important level.
Conquering EMA10 can lead to a 55% jump, easily.
But if prices for BNBBTC retrace and close below EMA100 (0.0019604), we will test the lower support (red arrow).
Additional information can be found on the chart.
Thanks a lot for reading.
Namaste.
BNB ready to jumpBNB / BTC A very sensitive point is the possibility of the trend line breaking with a big candlestick and the expected price jump..
Always look at different analyzes and finally make your own final decision..
KM...
#BNB Update [April, 3rd]#BNB (Update)
In BTC Pair, Still Moving Inside the Descending Channel & Accumulation Zone .
Buy Between Yellow Zone, Expecting Breakout .!!
BNB/BTC (Bullish 4H pattern?: up to 16% profit)BNB/BTC
BNB is forming a bullish ascending triangle which typical breaks to the upside.
If this pattern turns to be correct the upside target is up to 22500 sat and stop-loss below 50MA.
Entering a long position on the current price will require a tight stop-loss
to protect reduce the risk since it is an aggressive entry without confirmation.
BNB/BTC | Accumulation Phase..!!BNB/BTC (Update)
In BTC Pair, Still Moving Inside the Descending Channel & Accumulation Zone.
Buy Between Blue Zone, Expecting Breakout.!!
Please like the idea for Support & Subscribe for More ideas like this and share your ideas and charts in Comments Section..!!
Thanks for Your Love & Support..!
BNBBTC Watch Zone Pull out game comes in play if we begin to drop out of the trend so play it safe since we could drop.
BNB/BTCBNB is forming an ascending triangle. With the quaterly coin burn coming soon, we can expect a breakout here
