BNBPERP trade ideas
Binance coin to reverse from support?For the past 2 weeks, BnbUsd has consolidated in range between 380 and 440.
Now the coin is trading again near support and this can be a good opportunity for bulls to open buy trades.
The medium-term target can be 550 and a drop under support would negate this scenario
BNB + Demand + liquidity = 🌙Ninjas prepare for battle,
Many DEFI applications are being built on BSC, there is tremendous liquidity pouring in.
The fee's are incredibly cheap to transact compared to ethereum.
We have just removed MANY stop losses and leveraged traders are crying.
And last but not least demand has been hit and new levels are being created on the lower timeframes.
Long bias for now. The highs are our next resistance area IMO.
BNB Sell a break setup.BNBUSD - Intraday - We look to Sell a break of 382.4 (stop at 394.51)
Short term bias has turned negative.
Pivot support is at 385.00.
There is no indication that the selloff is coming to an end.
A break of yesterdays low would confirm bearish momentum.
Our profit targets will be 347.51 and 337.51
Resistance: 400.00 / 420.00 / 438.00
Support: 390.00 / 370.00 / 350.00
BNB bouncinthink we see continuation to the .618 of the retrace at minimum, might be after a small accumulation phase
fill the inefficiency
BNB Come on dude, you can do this!As price breaks 420$ zone, it may face a correction and if the price can hold the zone, price can get to 450$ Zone....
RSI is struggling breaking the 50 and a minor divergence can be seen as well
BNBUSD Are we going there? BNB has shown an affection for 0.618
This may morph into an affection for 1.618
As I have mentioned before BNB reminds me of early Bitcoin, based on price structure and price development
CAN BNB HOLD THIS LEVEL?Hello folks,
Welcome to this fresh update on BNB/USD in 4 hours timeframe. What you see in this chart is pretty clear and simple.
Let us observe both bullish and bearish scenarios for BNB.
Bearish Scenario: BNB is at the edge right now. The $390 price level is a very important support for BNB and if it breaks below this level then we can expect the price to fall further. The fall will bring the price back to $357 where will have good support and if it continues to drop then $335 would be the 2nd support.
Bullish Scenario: BNB is currently forming a bullish divergence (look at the RSI and the actual chart). I expect BNB to rally towards the upward direction breaking the 21 MA and the resistance which is at $413 and then a little retest to confirm a higher rally.
These two scenarios completely depend on BTC and its dominance. If you compare both BTC and BNB charts side-by-side, you'll notice some similarities in the channel formation.
I am biased towards the bullish scenario but I am also considering the support level at $390. If BNB falls and closes below the $390 level then I'll exit my BNB holdings and will wait for the right entry.
Note: I am not confirming anything on this chart nor I am forcing you to take any trade. This is just a probability show through T.A. This isn't financial advice so please do your own research before investing.
If you find this information useful then hit the like button, and share it among your known people.
What's your idea on BNB? Do you think BNB is bearish or bullish? What will be the next price move for BNB?
BNB - Trend-Following Setup!Hello everyone, if you like the idea, do not forget to support with a like and follow.
BNB is overall bullish , and now retesting the 400 green support so we will be looking for buy setups
on H1: BNB is forming a trendline in red but it is not valid yet, so we are waiting for a new swing high to form around it to consider it our trigger swing. (projection in purple)
Trigger => Waiting for that swing to form and then buy after a momentum candle close above it (gray zone)
Meanwhile, until the buy is activated, BNB would be overall bearish can still trade lower.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
BNB/USDT Ready for $1000 ( 140% from here ) ..?#BNB/USDT TA Update:-
$BNB currently trading at $416
Bounced back from strong support at $375
Now I am expecting first Target $500
And if Sustain and hold this $500 level then we can see Next Target will be $1000
But if break yellow line support then Exit.
Follow strictly this chart.
Never fall in emotions.
Entry:- $375-$415
Targets:- $500/$700/$1000
Stop Loss:- Below Yellow line.
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Thank you.
bnb ABC correctioni think this is the last dip, after this parabolic to the moon
really big opportunity
$BNB UpdateBNB dumped from the major resistance and respecting the $380 support level.
The next resistance for BNB is $420-$435 area and after that $460 level.
You can start building your position in BNB and add more if it comes below $400.
BNB is a good investment for mid term to long term.
Bnb support and resistance Bnb chart.
The horizontal lines are support and resistance.
The vertical lines are possible price action triggers.
The circles are potential tine and price targets. If they don`t get hit they can trigger pumps or dumps.
This is not financial advice
bnbusdI can see the future, there is no need to explain it, but by correcting 618 waves 1, we can have a leading wave 3.
