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BNBUSD trade ideas

BNBUSDchunk as pennanty thing but its already broken down looks weak tbh would want to see some overall market strength before taking a position however as the structures sitting at the lows technically we could play the higherlow as the stoploss if we think another elliot drive is possible here fundamentally 28th of july is fomc data so prolly should be looking for shorts here more than anything... also august is mtgox final btc unlock could be incredibly bearish if everyone whos returned their btc sells however these are the people who were investing in 2015 well before mass market psycology kicked into full gear so they should be fully aware of the strong fundamentals and understand that leavinng their investment for a few more years would be worth their while my guess is on initial fud downmove then bullish unlock actual event ie btc is returned and not sold this would time up well with speculative eth2 merge and us govmnt stock pump cycle so makes enough sense to me... bnb is an exchange but, considering they hold alot of liquidity its almost like a bank, biggest crypto bank will one day parity with biggest tradfi bank given there are no boarders ie its global.
BINANCE:BNBUSD
by olliecoughland
Binance Coin: $300 is the next target?Binance Coin started the previous week by testing the support line at $250. Soon the coin managed to revert to the upside, reaching the weekly highest level at $276. Next resistance line at $300 has not been tested on this occasion, but with its latest moves, the coin opened a path to this level. RSI was pushed to the level of 65, but a clear overbought market has not been reached. This move indicates that the market will certainly watch this line in the coming period. Moving averages of 50 and 200 days are moving as two parallel lines for the second week in a row, however, convergence has still not started. Technical analysis is pointing that the path toward $300 resistance is currently open. However, in order to reach this level, some short reversal might lay ahead. There is a higher probability that BNB will revert to the support line at $250 in order to test it one more time, before it reverts back to next resistance.
BINANCE:BNBUSD
by XBTFX
Binance Coin: opening path to $300?Under the sentiment of the bearish market, BNB, like many other coins on the crypto market, was pushed to the lower grounds without an obvious reason. Based on its latest moves, it seems like that the market started to look at actual value of the coin, and not only toward macro economics, which would certainly be positive for BNB in the future period, considering Binance`s latest significant business expansion. Although BNB started the previous week at lower grounds, above the support line at $200, the rest of the week the coin was heading toward the resistance line at $250. This line has been clearly tested, and the coin also finishes this week around this level. Buying orders were dominant on the market during the whole week. RSI was pushed above the level of 50, reaching 57 as of the weekend. This implies that the coin might soon reach overbought territory, which certainly opens the path toward the next resistance line at $300. For the last two weeks, moving averages of 50 and 200 days slowed down their divergence from each other and are still moving as two parallel lines. Cross is still not in prospectus. Current charts show that BNB will start a week ahead by testing the resistance line at $250. There is increased probability for this line to be broken to the upside, when the coin will head toward the next resistance line at $300. However, on this road, there could be short stops around the $270 level. On the opposite side, there is some probability for $200 support to be tested for one more time.
BINANCE:BNBUSD
by XBTFX
BNBUSD H4: 35% correction warning distribution(SL/TP)(NEW)Why get subbed to me on Tradingview? -TOP author on TradingView -2000+ ideas published -15+ years experience in markets -Professional chart break downs -Supply/Demand Zones -TD9 counts / combo review -Key S/R levels -No junk on my charts -Frequent updates -Covering FX/crypto/US stocks -before/after analysis -24/7 uptime so constant updates 🎁Please hit the like button and 🎁Leave a comment to support our team! BNBUSD H4: 35% correction warning distribution(SL/TP)(NEW) IMPORTANT NOTE: speculative setup. do your own due dill. use STOP LOSS. don't overleverage. 🔸 Summary and potential trade setup ::: BNBUSD 4hours chart review ::: updated/revised outlook ::: distribution in range / weak chart ::: cycle low later July/August 2022 ::: weakness will last for 4-8 weeks ::: LOG SCALE chart ::: not a great looking chart ::: CLEAN REJECTION AT 240/250 USD ::: S/R was re-tested produced WEAK bounces ::: final BOUNCE possible now before DUMP ::: also noteworthy sequence of lower highs ::: recommended strat: SHORT from range highs ::: final TP BEARS is 175 USD ::: 30-35% correction possible next ::: 4-8 weeks in July/August 2022 ::: right now no upside in this market ::: position traders should wait for ::: better entry prices later after ::: higher risk strat BULLS: BUY LOW TP 248/258 USD ::: recommended strategy: SHORT SELL RIPS/ RALLIES ::: TP BEARS is +35% gains - near 175 USD ::: BULLS stay out until correction is over ::: SWING TRADE: SHORT/HOLD IT ::: correction run not over yet ::: good luck traders! ::: BUY and get paid. period. 🔸 Supply/Demand Zones ::: N/A ::: N/A 🔸 Other noteworthy technicals/fundies ::: TD9 /Combo update: N/A ::: Sentiment mid-term: BEARS/CORRECTION/175USD ::: Sentiment short-term: BULLS/BOUNCE/258USD RISK DISCLAIMER: Trading Crypto, Futures , Forex, CFDs and Stocks involves a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. Always limit your leverage and use tight stop loss.
BINANCE:BNBUSDShort
by ProjectSyndicate
17