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BNBUSD trade ideas

BNB/USD investment ideaBNB/USD: So when we look at the chart we can see that the price has been moving a lot this year. When we look at the all time high this crypto was up for 1701,48%. As we see now we are still up for about 995% on a year basis. That is still very good. What we can see now on the chart is that the price has been in a little drawdown for now. From the all time high we are down about 40%. What does is good now is that we can see that the price is at some sort of support and that we are on the 0,618 level of the Fib from the start of the rising wedge which it did just touch but was unable to go below that level of the Fib. This is also a good sign. There is a possible rising wedge forming which does look valid for me.In my opinion we do get a lot of touches on the wedge and the price did always reverse when we got a hit on the wedge. We can now see that the price did go below the wedge but did not close below it so that is a good sign. As long as we do not get to see a close below the wedge I think that we are good and that this stock has a possibility to go back up. What does not look bullish for me for now are all the MA that I draw on the chart. Normally when they are above the price it means that it is more bearish. When they are below the price that it means that it is more bullish. As we can see the MA’s are above the price so that could indicate a bearish movement. That is why I will be starting small and growing this investment overtime. We can see that the price does vary a lot and that the crypto has a lot of movement and a lot of wicks when we look at all the daily closes. This is something good and bad. If you trade this for the longer term than it does not really impact your investment a lot. When we look at this in the shorter term so more in the daytrader view than this could be a problem because then you need to keep that in mind before you set your stop loss level and then the risk-reward of the day trade investment could drop a lot. Even so hard that it is not worth it anymore. For me this is just a longer term investment that I will take and I will not be trading this for the shorter term. The reason that I am investing in this crypto is because I think that Binance is a good company and is doing good things. The stock to invest in the company can not be traded on the open market but the coin of the company is the next best thing so that is why I am investing into this company. If you have any questions feel free to send me a message. If you like the idea do not forget to give it a like and feel free so share your idea on this in the comments. Everything you see on my profile is just for educational purposes only.
BINANCE:BNBUSDLong
by MaBaCapital2
BNB - the end of falling? and another short timing1H trend chart / D trend chart - From the right side chart, we can notice that BNB falls seriously while breaking out the uptrend line. And it is gonna find support with previous accumulation zone, which will be a nice long timing for left side trading. From the left side chart(1H), BNB might rally back to 410~420 to hit 144/169ema and the broken uptrend line. It will be a good short level if price meets 144/169ema then gets pullback to 12ema, which meets 1H Vegas shorting entry. - Profit Targets: a) 316.5----Blue horizontal ray b) 254.6--------Blue horizontal ray - If you like this analysis, smash the "like button" and leave a comment below to share your thoughts or let me know what crypto you want to see! Trading is a reflection of yourself. Learn more daily and be ready for every opportunity. Have a nice trading!
BINANCE:BNBUSD
by EthanTW
1
BNBUSD The conditions it needs to rallyIt has been more than a while, in fact March 11 2021, since I last analyzed the Binance Coin: Ever since it hit the Target Zone, it fell into a Correction and new Accumulation Phase like the rest of the market. A similar Accumulation Phase that we last saw within September - December 2020. BNB was under the pressure of Lower Highs, but still within a Channel Up. This trend-line broke, once the CCI on the 1D time-frame started forming Higher Lows. That was when the price put all the dynamics in motion to initiate the January - February rally. Almost a year later, the price has started again to meet those very same conditions one by one. Once the CCI makes its first Higher Low, it will be our confirmation to buy BNBUSD for a new February rally. -------------------------------------------------------------------------------------------------------- ** 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
3
BNB - ULTRA BULLISHGreat Money Monday, Traders! Hope you find value from this post. If you did, pls like and consider following. Here's a trading idea. But firstly... ============================== Quick Disclaimer: Trade at your own risk. This post/chart is for your reference only, it is not intended as a recommendation, nor is it an advice to sell nor buy this crypto asset, nor to place any trade. Trading poses a risk of losing some or all of your money and it will be your responsibility if you lose money. ============================== BNB has been in a continuous uptrend and even when it went on a correction since May 2021, it has been in an ascending trend creating higher lows multiple weeks consecutively riding up the Green Support Trend Line creating an ascending triangle against the Blue Resistance Bar above. Since last week BNB found resistance from its 21MA and is still under the Red Resistance Trend Line, but... Once BNB breaks out from the Red Resistance Trend Line and goes above its 21MA it will be begin its epic multi month Bull Run towards 1175 and further up towards 1340. Stoch RSI: Oversold Region, now very close to crossing Bullish BNB breaking the Green Support Trend Line could nullify this view. Always remember to place your Stop Loss. Price action is KING! More power to all your trades, my friends! Ron Intrepid_Trader
BINANCE:BNBUSD
by RSibayan