BNBUSD trade ideas
BNB - BTC OverlayComparing early BTC to current BNB
Some of the structures are similar, particularly the last double top which is could be interpreted as BNB acting as an early BTC
I say its acting as an early BTC as the price action up is very aggressive.
If the double top end can be compared a large parabolic run could follow the current bottom that has been seen
BTC was around $300 before it ran to 20K in 2017/2018
Binance Coin: reversal on schedulePositive developments for BNB continue for a second week in a row. During the previous week, the price of the coin was pushed further to the upside, where BNB managed to reach the resistance line at $350, after breaking the short term stop line at $330. Technical charts are showing potential for more positive developments to come in the future period.
Two weeks ago RSI reached a clear overbought side, while the coin continued to move in this range during the whole previous week. Highest level reached for RSI was 81 which is indication of heavily overbought market. On the other hand, this is also an indication that the price will enter into a short reversal in the coming period. Moving averages of 50 days are converging toward the MA200 counterpart, while the distance between two lines becomes very short, indicating potential golden cross formation in the short future period.
Since BNB reached more than clear overbought market side, it could be expected that the price will revert a bit to the downside in the week ahead. In this sense, the first stop for the coin might be a short term support line at $330. At this point, charts are showing lower probability that this level might be breached to the lower levels. On the other side, the resistance line at $350 might be tested again.
BNB looks healthy & should keep pumping$BNB broke out of INVERSE HEAD & SHOULDER
Now, NEEDS to HOLD SUPPORT
#BNB Weekly looks P R O M I S I N G
Trading above both moving avg's
AND
We may have BULLISH crossover soon
@binance
looks healthy
BNB ready for the next leg down? Elliott Wave is a theory about the market in how trends unfold! Here is another indicator for #BNB! Be cautious with LONGS! Not financial advice!
Binance (BNB) overbought on the daily! BNB at a heavy resistance zone (0.618) and quite overbought on the daily!
BNBUSD - Morning Buy callThe currency continues its bullish trend with the formation of three white soldiers after a corrective phase on an hourly candlestick pattern.
BNB to $500BNB has been riding up the 1.618 fib channel since it hit the lows in June 2022
BNB broke out of the 1 year old descending channel and is heading to the channel's measured move of $500.
The hack on Binance chain hardly did anything. The current dip is just a retest of the old descending channel.
BNBUSD - 15M - DowntrendBNBUSD is making LH and LL with a bearish pattern in a 15-minute time frame. Short trades can be profitable.
BNBUSD - LongMy trade plan for BNBUSD - buy near dips (HLs) and sell some of it with reward-risk ratio of 1/1. Play with rest of the lot.
Stay FrostyThis is so obvious its dangerous!!! BNB looks rough if it cant hold above $348.
(As always Never Financial Advice)
BNBUSD (4H) - Bullish breakoutHi Traders
BNBUSD (4H Timeframe)
The market is in an uptrend, and we are waiting for an entry signal to go LONG above the 339 resistance level. Only the downward break of 315 would cancel the bullish scenario.
Trade details
Entry: 339
Stop loss: 315
Take profit 1: 352
Take profit 2: 375
Score: 8
Strategy: Bullish breakout
BNBUSD: Under a KEY RESISTANCE! What's next?• BNB is very bullish, but it has to face its most challenging resistance now, around $337;
• The $337 is a triple-resistance area, as seen in the daily chart, and only if BNB breaks it, we’ll see a bullish run to the next resistance at $413;
• However, if BNB fails in breaking this resistance, and triggers the Double Top chart pattern seen I the 1h chart by losing the purple trend line, a pullback is plausible;
• The next support level is at $299 (red line), near the 21 ema in the daily chart – making it a dual-support level;
• So far, the situation is under control, and the volume is quite high. Let’s pay attention to these key points.
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BNBUSD BUYWe can buy BNBUSD. it is at a DAILY support(RANGE) + buyers came in strong + we have a good SL spot after the rejections.
BNBPERP - Expect a price reduction.A lot of binance launchpad users remain locked in at local highs. We may see panic selling and expect a local correction first target mid-range, second lower boundary.
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P.S. Always do your own analysis before a trade. Put a stop loss. Fix profits in installments. Take profits out in fiat and make yourself and your loved ones happy.
BNB scalpcompletion of Wave 5 into target area. Shorts also looking tasty at that level too.
Target based on fib ext of wave 3.
BNB at neckline, can begin to outperform if it breaks$BNB outperformed $ETH by PATTERN but NOT by percentage last month
Volume is there too, HEAVY, but no cigar
Let's see how this is resolved, took some #BNB off yesterday
#Crypto
BNB - A special ideaNormally I don't post Altcoins ideas here, but Here is a special one. I think everything marked on the chart speaks for itself . Treat it as a hint, not financial advice.
Going ShortWith a lower high n a shooting star, we are going short. Taking profit at equal low at almost 2%
Binance Coin: overbought is near It was a positive week for BNB, as the positive market sentiment pushed the price to the level of resistance at $300. The last time when this level was tested was at the beginning of October this year. Highest level reached during the week was $308. On a positive side is also that the $250 support line has not been clearly tested since August this year, showing that the market was clearly set to the upper side.
During the week RSI reached level of 70, which is a clear overbought market side. After this, it could be expected some short reversal to the downside. Moving averages of 50 and 200 days are quite modestly converging toward each other, still postponing the golden cross.
BNB will start a week ahead by testing the $300 resistance line. Considering that the RSI had reached a clear overbought side, there is high probability for a short reversal. In this sense, $270 might be a short term target. The prevailing buying orders would certainly seek the higher grounds. In case that $300 resistance is clearly breached to the upside, it will open a path toward $330. Current charts are showing that there is some probability for such a move in the coming period.
BUY BNB - (MID / LONG TERM HOLD)I believe we are gradually getting out of this extremely boring bear market. I didnt expect it getting that long but I expect 20k to be hold which it happened. Anyway, I can advise that BNB is one of the coins that has a good potential to go up in a mid / long term.
