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BNBUSD trade ideas

Binance Coin: reversal is on holdBNB started the previous week with another push of price to the level of $330, however, another week in a row the coin did not manage to break this level on a road to the resistance line at $350. Weakness of the market for such a move has been caused by negative signals from the FED. Coin finished the week testing support line at $300. At the same time daily trading volumes have decreased with mixed both selling and buying orders. Second week in a row RSI is reaching breaking point at 50, but again indicator did not manage to break above this line, which would be indication that market has started a move toward overbought territory. For the moment, clear reversal is on hold. Moving averages of 50 and 200 days still continue to move as two parallel lines with clear downtrend. Charts are indicating that BNB`s price is currently on a cross road. On one side, there is an open path toward the $250 support line where the coin last stood in May this year. On the other hand, if $300 support manages to hold, then the coin will probably try to reach $330 one more time on its road toward the $350 resistance line. Disclaimer: This article provides exclusive views of the author. It does not in any sense represent a suggestion for trading.
BINANCE:BNBUSD
by XBTFX
BNB BINANCE USD : LOSING STEAM, CORRECTION INCOMING, HOW DEEP?BNB has been on a tear, I really enjoyed trading and holding this one. I believe BNB had reached its top at $700's and is on its way down for a nice correction. I believe its value to price ratio is a little out of whack, so its realized value will come in this next correction. I think it would be extremely optimistic to think BNB will correct to about $200 dollars before it next run. I don't see very much to support that idea because there is no real support anywhere from here to $40. At about $40 there is a really nice level of support where I believe a bounce will come in and shoot BNB back into new all time highs if it can sustain its value of course. The exchange could get hacked or anything like that can happen especially to exchange coins like this, Ive seen it way too much. Something significant may happen between now and $40 for that type of correction but I think its coming. I cashed out a little late in the $500 dollar range but luckily I made it out before the nose dive to where we are now. I have my buy orders set at between $30-$80. This is not financial or trading advice this is just my opinion. Thank you
BINANCE:BNBUSDShort
by Bitgolder
BNBUSD Long-term action planThe Binance Coin (BNBUSD) has been consolidating with the 1W MA100 (yellow trend-line) as its Support ever since the May 12 bottom and subsequent rebound. On a 1 year basis this is the ultimate range with the 705.00 Resistance and the 209.00 Support each being tested twice. There is a strong similarity between this Support rebound and the previous (late May/ early April 2021). As you see, that too consolidated after almost hitting the 0.5 Fibonacci retracement level (this time this level has been hit) with the 1D RSI printing an identical pattern on the exact same levels. That 2021 fractal reached the 0.618 Fib after one last pull-back and consolidation, so maybe we will hit 365.00 within a month's time. Technically though, we can only justify a long-term bullish reversal if the price breaks above the 1D MA200 (orange trend-line) which has been the Resistance since January 20 2022. On the other hand, if the 209.00 Low breaks, I expect a direct hit on the 1W MA200 (black trend-line) as the ultimate bottom of this Cycle. -------------------------------------------------------------------------------------------------------- Please like, subscribe and share your ideas and charts with the community! --------------------------------------------------------------------------------------------------------
BINANCE:BNBUSD
by TradingShot
5
Binance Coin: $350 continues to be a targetDuring the previous week BNB continued its recovery from the push to the downside two weeks ago. Coin managed to reach its highest weekly level at $337, however, on Thursday`s trading it reverted to the downside and finished the week at levels modestly above the $300 support line. Certainly during the week the coin was supported by Binance Coin`s further expansion to Italy, after France, Bahrain and Dubai. What caused this push to the down side, is still unclear. What charts are currently suggesting is that the $350 resistance line continues to be a target for BNB in the coming period. RSI is clearly showing that the coin started its reversal to the overbought market after BNB reached a clear oversold market two weeks ago. During the week the indicator reached level of 50 and finished the week modestly below this level. At the same time moving averages of 50 and 200 days are continuing their downtrend as two parallel lines. There is still no indication over a potential cross in the near future. Technical indicators are clearly showing that there is potential for BNB to test the $350 resistance line in the coming short period of time. Coin is currently testing a $300 support line which will continue to do during the first days of the following week. There is currently decreased probability that this line might be breached to the downside. Only in case of potentially negative market fundamentals, price might revert to the downside, in which case the path toward the $250 support line will be open. Disclaimer: This article provides exclusive views of the author. It does not in any sense represent a suggestion for trading.
BINANCE:BNBUSD
by XBTFX
BNB/USD UPDATE: CAN REACH $250.Hey guys, welcome to this BNB update in daily TF. BNB is possibly going to reach the lower support range ($250) in a daily TF and then bounce back. This could be a good buying range if you are thinking of entering into BNB. There is also a possibility that BNB will rally towards $400 from the current level or slightly below it. But that will happen only if the market takes a bullish turn and as per the current market scenario, the bear is leading. So, do keep your eyes on BNB and trade safely.
BINANCE:BNBUSDLong
by Dexter_The_Trader
2
Binance Coin (BNBUSD): Very Bearish Outlook! Here is Why: Binance coin is trading in a bearish trend this year. After a sharp bearish move, the market retraced to a solid daily resistance. Growing steadily within a rising parallel channel on 4H, the price broke its support line once the underlined zone was reached. I believe that the coin will keep falling now. Goals: 297 288 ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
BINANCE:BNBUSDShort
by VasilyTrader
7
BNB: INDEED A PERFECT BOUNCE.Hello traders and welcome to this BNB update once again. If you are new to my community then a warm welcome to you on behalf of all my members and professional traders. In this community, I share updates related to the crypto market including margin trading, futures, spot, and scalping. My comments box and DMs are absolutely free for new ideas and suggestions. So, feel free to interact and share your ideas. You can be a professional trader, a noob, or anything, we are all here to learn and I believe that we can help each other. Alright, then, let's get back to the chart. BNB broke out, retested, and bounced back successfully. I am expecting a rally towards $400 soon. Meanwhile, BNB may drop a little close to $325 (which will be a good entry position) and gradually rally higher. The support line is at $320 and BNB must hold this level. I am still holding my 50% position on BNB and will accumulate more if it dips. Trade setup: Entry: $320 to $326 Stop loss: $300 Target: $360, $380, $400. Trade safely.
BINANCE:BNBUSDLong
by Dexter_The_Trader
BNB: A PERFECT BOUNCE OR A FAKEOUT???Hello and welcome to this BNB update in 3 hours TF. If you are viewing my post for the first time then do not forget to like and follow. I share updates on the crypto market including margin trading, futures, spot, and scalping. All ideas are my biased opinion and I invest at my own risk. I don't force anyone to buy or sell, I simply share my ideas absolutely for free and it is your sole decision whether to trade on them or use them to understand the market. BNB has formed an ascending triangle pattern which usually is a bullish pattern. BNB broke out, retested, and currently bouncing back perfectly from the support level. Is this a bullish confirmation? To some extent, yes, it is a bullish confirmation but considering the dominance and BTC price movement, it is always wise to wait or trade with a close SL. I am already long on BNB at around $305 and I will continue to hold it until it breaks down below the ascending triangle support level which is at my entry-level. On the other hand, if BNB is bullish then we can expect a rally up to $350 to $400. What do you think about the current price movement on BNB? Let me know in the comments. Thank you, guys, for your support.
BINANCE:BNBUSDLong
by Dexter_The_Trader
BNB: BOUNCING BACK FROM THE SUPPORT.Welcome members to this update on BNB/USD If you are viewing my post for the first time then do not forget to like and follow. I share updates on the crypto market including margin trading, futures, spot, and scalping. All ideas are my biased opinion and I invest at my own risk. I don't force anyone to buy or sell, I simply share my ideas absolutely for free and it is your sole decision whether to trade on them or use them to understand the market. BNB is under the falling wedge pattern and it has exactly bounced back from the lower supporting trendline. It is possible that this bounce could lead the price back to the $370 to $380 range. Here's a strategy I am using. 1st buying range- $300 to $310 SL: $290 Target: $330 to $340 (If the price gets rejected). 2nd buying range- $250 to $270. SL: $235. Target: $320 to $340. Note: This trade setup is on a daily timeframe so do not consider this as a short-term or scalping trade. This trade will be on spot and if you want to use leverage then make sure it is either 2x or 3x.
BINANCE:BNBUSDLong
by Dexter_The_Trader