BNBBTC trade ideas
BNB / BTC Accumulation channel. Trend reversal zones. Coin workBNB is a Binance exchange coin, a very technical coin for obvious reasons.
The tool is very simple and predictable in trading. BNB is a brand of the Binance exchange.
In the global downward channel.
A lateral movement was formed inside it, which formed a horizontal channel with a pitch of 40%.
Now the price is at the bottom of the accumulation channel.
Potential formation of a figure of a triple bottom when the price goes beyond the downtrend line.
The reversal zones on which the development of further movement depends showed on the chart.
The critical zone and the trend fracture zone were also shown on the chart. It is important that the price does not fix below it.
Entrance.
1) Now with confirmation of support.
2) In case of a breakthrough or a pullback after a breakthrough of the downtrend line (red line, resistance line of the downtrend).
Stop loss.
Under key support levels during your entry into the market. Also consider coin volatility and the possibility of resetting Stop Loss before an upward movement.
Target.
Horizontal channel target + 40%
Triple bottom target from + 40% to 113%
BNB / USDT trading idea for January 14th.
BNB / USDT. Ascending channel. Cycle. Wedge. Reversal zones.
BNB / BTC Accumulation channel. Trend reversal zones. Coin workBNB is a Binance exchange coin, a very technical coin for obvious reasons.
The tool is very simple and predictable in trading. BNB is a brand of the Binance exchange.
In the global downward channel.
A lateral movement was formed inside it, which formed a horizontal channel with a pitch of 40%.
Now the price is at the bottom of the accumulation channel.
Potential formation of a figure of a triple bottom when the price goes beyond the downtrend line.
The reversal zones on which the development of further movement depends showed on the chart.
The critical zone and the trend fracture zone were also shown on the chart. It is important that the price does not fix below it.
Entrance.
1) Now with confirmation of support.
2) In case of a breakthrough or a pullback after a breakthrough of the downtrend line (red line, resistance line of the downtrend).
Stop loss.
Under key support levels during your entry into the market. Also consider coin volatility and the possibility of resetting Stop Loss before an upward movement.
Target.
Horizontal channel target + 40%
Triple bottom target from + 40% to 113%
BNB / USDT trading idea for January 14th.
BNB / USDT. Ascending channel . Cycle. Wedge . Reversal zones.
#BNB/BTC 30%+ Potential ProfitHello everyone welcome to this update.
BNB is one of the strongest altcoins there which y ou can hold for long term in your portfolio.
IMO it has massive future potential.
This is a 3 D Chart and If you can get some BNB between the range .00186 to .00202 It will be amazing. I am expecting This one to provide 30%+ profit within the next 6 weeks.
This is a mid term trade.
This is just like Holding Google, Apple and Amazon Stock.
Stay tuned for more updates.
#Peace
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/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.
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!
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.