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BNBUSD trade ideas

BNBUSD Repeating the April-May sell fractal. How to trade this.The Binance Coin (BNBUSD) has been correcting on the medium-term since the August 10 High, the rise that it posted after the June 18 Low. So far, it has retraced to the 0.5 Fibonacci retracement level. Having been rejected on Tuesday on the 1D MA50 (blue trend-line) following the main rejection on the August 10 High on the 1D MA200 (orange trend-line), it appears that BNB is repeating the fractal of last April - May. As you see on the chart, a 1D MA50 rejection on May 05, caused the price to break below both the 0.5 and 0.618 Fib to a new low on the 1.786 Fib. The 1D RSI sequences are also similar being both within a Falling Wedge pattern. As a result, if the price breaks below the 0.618, we'll consider it a bearish break-out signal, in which case you can target the June low. The 1W MA200 (red trend-line) is expected to provide the next Support. In order for us to turn bullish again, we need to see a candle closing above the 1D MA200, a trend-line that has been intact since January 20. At the moment the Higher Lows trend-line and the 1W MACD Bullish Cross (which is the first since October 2021) are in favor of the bullish case. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
BINANCE:BNBUSD
by TradingShot
1
Binance Coin: setting the stage for higher grounds?Previous week BNB started with a move to the lower grounds. The lowest level reached at the beginning of the week was $260, after which, the price of the coin was set for a move to the upside. BNB is ending the week modestly below resistance line at $300. Support line at $250 has not been clearly tested during the week, but neither the resistance line at $300. Range of moves between $250 and $300 has been dominant for BNB within the last three weeks. This might be one of the indications that soon the market might start to search for new levels for this coin. During the week RSI was pushed from level of 33 up to 55. Although level of 33 is quite close to the oversold market, still, it has not been clearly reached. RSI level of 55 is pointing that the market has crossed the line and is currently looking at the overbought side. Moving averages of 50 and 200 days are continuing with their convergence toward each other, indicating that soon it might end as a golden cross. During the last three weeks, the support line at $250 has been tested on several occasions. There has not been market strength to break this level to the down side, so the coin reverted to the upside. However, there has not been market strength to break $300 resistance, either. A week ahead BNB will start by testing $300 resistance. In case that prevailing buying orders continue, there is high probability for this line to be broken to the upside. Next level for BNB might be a short term stop line at $330. At this point, there is no indication that this line could be broken to the upside. However, if the market exhausts itself around level of $300, then it might be expected for BNB to revert to the support line at $250 to test it one more time.
BINANCE:BNBUSD
by XBTFX
Binance Coin: end of correction is pending? Selling orders were dominant for BNB during the course of the previous week. There has not been any obvious reason for such moves, except the famous market premise that the market is always right. Although Monday started well for BNB when the price was pushed to the upside, the highest weekly level at $292 was achieved on Tuesday, when the price started its push back to the starting level at $270. However, considering that this is not a significant level for BNB it shows that the market is still missing another testing of the $250 support line. The RSI was moving in a short range, between levels of 45 down to 40. It shows that the market is still more oriented toward the oversold market side, while overbought one is still on hold. On a positive side, the moving average of 50 days continues to clearly converge toward the MA200 counterpart. There is a small distance between two lines, but if the trend continues, soon it might lead to the long-awaited golden cross. Charts continue for some time to point toward the $250 support line, which needs to be tested for one more time. Oversold market zone is close, in which sense, this level might be a final reversal point for BNB. Whether such a move will occur during the week ahead, is questionable. If next week starts with prevailing buying orders, then $250 support will be postponed. In this case, the price of the BNB might revert back to the level of resistance line at $300 to test it for one more time.
BINANCE:BNBUSD
by XBTFX
1
Binance Coin Price Analysis — September 2Binance Coin (BNB) is on a steady bearish correction despite positive sentiment in the broader market on Friday. The cryptocurrency is trading within a downward-facing (bearish) channel as bulls struggle to hold on to the $280 mark, which looks like the last defense before $230. The saving grace for BNB would be a return above the $300 - $320 resistance region, which would neutralize the bearish bias. Meanwhile, my resistance levels are $300, $320, and $340, and my support levels are $260, $230, and $215. Total Market Capitalization: $994 billion Binance Coin Market Capitalization: $45.1 billion Binance Coin Dominance: 4.54% Market Rank: #5
BINANCEUS:BNBUSD
by Mr_Wogbe_Alex
BNBUSD H4: 75+ gains THE best Level to buy/hold (SL/TP)(SWING)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: 75+ gains THE best Level to buy/hold (SL/TP)(SWING) IMPORTANT NOTE: speculative setup. do your own due dill. use STOP LOSS. don't overleverage. 🔸 Summary and potential trade setup ::: BNBUSD 4hour/candle chart review ::: chart still looks good /strong ::: setup still valid as of right now ::: noteworthy compression in progress ::: expecting one final pullback soon ::: get ready to BUY LOW later ::: accumulation range displayed on chart ::: best reload bulls near 210USD later ::: expecting 75%+ bull run ::: re-test of sliding S/R line ::: near 400/420USD later ::: BULLS accumulate / WAIT FOR CORRECTION / BUY DIPS ::: expecting short-term correction ::: BULLS get ready to BUY after pullback ::: TP bulls is +75% gains later ::: 400/420 USD is revised/conservative TP BULLS ::: expecting decent gains soon ::: 15-25% pullback short-term ::: recommended strategy: BUY/HOLD after pullback ::: TP BULLS +75% gains / 400 USD ::: BEST reload BULLS near 200 USD ::: TP BULLS is 400 USD final exit ::: SWING TRADE: BUY/HOLD IT ::: bull run not over yet ::: good luck traders! ::: BUY/HOLD and get paid. period. 🔸 Supply/Demand Zones ::: N/A ::: N/A 🔸 Other noteworthy technicals/fundies ::: TD9 /Combo update: N/A ::: Sentiment mid-term: BULLS 400 USD ::: Sentiment short-term: BEARS/PULLBACK/200USD 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:BNBUSDLong
by ProjectSyndicate
28
#BNB/USDT 1DAY UPDATE !Hello dear traders, we here new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in the comments, and we will try to answer for all, thank you, guys. BNB/USDT UPDATE :- Hello Friends As I mentioned in the last update and we are expecting BNB to bounce from $272 and 100MA is pumping continuously we can expect if BNB from here to $306 and $337 Remember:-This is not a piece of financial advice. All investment made by me is at my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade. Sorry for my English it is not my native language. Do hit the like button if you like it and share your charts in the comments section. Thank you.
BINANCE:BNBUSD
by CryptoSanders9563
2