Binance chart looks scaryBinance chart looks like a giant distribution pattern with a double top. The chart pattern suggests that this is double-digit crypto in a temporary hold, a hot potato.
BNBUSD trade ideas
BNB: Bear market is obvious, but bull is hiddenI am not going to say much here, a little busy, this is requested chart.
Sorry mate, this is best i can do.
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**LEGENDS**
BLUE = Bear/Resistance || Yellow = Bull/ Support
Lines: Fractal dates are moments of interest, where price and time collide to create oscillation.
the chart for possible scenarios of price actions - use zoom and scroll for better view.~
/*This information is not a recommendation to buy or sell. It is to be used for educational purposes only.*/
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_Ajion
HERE WHAT WE CAN SEE BNB/USD DOING IN THIS LAST 2 MONTHS OF 2022All right guys I have been reading BNB/USD chart for while now and we are facing a little side movement since May. Here we can see is moving between $360 and $251 with a few fake outs. Depending on BTC and how it moves from now on I am expecting to move down to at least $200 area, if we fall from that support we are going to $120 area.
Binance coin held the bestBesides Eth and Ltc, Bnb is another coin that I like a lot in current market conditions, and looking at the posted chart you'll understand why.
Since the ATH in Nov last year, the coin also entered a downtrend, but in mid-June 2022 we have a clear bottom here. A break above the falling trend line followed at the end of July and since then we have had consolidation and range trading.
250 is clear support here and most probably a lower high.
400 with 450 in extension could be bulls targets and only a drop under 250 would put this bullish scenario into question.
BNB - did not break support This one is not surprising but I imagine it is one of few coins that did not break support. Here we have a strong resistance zone that will be tough to break out of and hold. Especially when one fakeout has already occurred.
I Imagine we fail at resistance here and we will see if that support holds.
One of the few coins that is not in a downtrend. Not exactly sure what to make of that, but with more time we may see. Don't really feel like longing support but will see when that happens.
Sort of predicting new lows for most coins since BTC made new lows.
This would be very rare for altcoin outperformance. Each time we have seen the actual crash, we have seen BTC make new lows with everything else.
There are notable coins that have not made new lows yet such as ETH, MATIC, BNB and some DEFI bluechips like AAVE and SNX.
Calling for at least a revisit of the lows down to 180. If not, we officially have something new happening this cycle!
BNBUSD 1D Golden Cross may be a trop before new HighsThe Binance Coin (BNBUSD) is rising massively on today's news and amidst the fundamentals, it formed a Golden Cross on the 1D chart, which is the bullish formation when the 1D MA50 (blue trend-line) crosses above the 1D MA200 (orange trend-line). With the 1D RSI volatile on the 80.00 hugely overbought level, this pattern draws inevitably comparisons with the last Golden Cross that was formed on the 1D time-frame on August 31 2021, i.e. more than 1 year ago!
As you see on the chart, that Golden Cross, instead of more price rise, it delivered a strong pull-back that broke below the 1D MA200 but stopped at the bottom of the Channel Up to form a Higher Low. Right now BNB has been trading inside a Channel Up since the June 18 bottom. If we plot the 2021 price action on today's, we can see how closely it can match the pattern. As long as it holds, we can expect a Higher Low for a better long-term buy opportunity. If this fundamentally driven rally continues though and breaks above the 2022 Resistance Zone, we can (with a relative safety) buy the break-out for the long-term into the new Bull Cycle.
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BNBUSD - Short Sell at S&RAccording to the support and resistance formed by monthly and 4-hourly charts, traders can comfortable take profits on short-selling.
BnbBearish cfork has started,
Dangerous signs for the whole crypto market
Bad midterm results being priced in? Or just people scared sbf/cz will be another celcius/dokwon situation
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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