Coffee CupBNB looking good. BTC may pull back soon, which might create a dip in BNB to buy (BNB currently popping).
BNBUSD trade ideas
Binance (BNB) Targets $1500 Using Elliott Wave TheoryBinance (BNB) is unloading a trend wave that could reach $1500 within the next few months. Using Elliott Wave Theory as our guide, we inspect the market’s trends (called waves) to determine where we are within the 8-wave Elliott wave sequence.
Within the idealized 8-wave structure, the market rallies in five waves followed by a three wave setback labeled A-B-C. The crypto market is also fractal, so the patterns we see for larger trends also appear within the smaller trends too.
Considering a starting point of the March 2020 pandemic low for BNB, it appears the five wave advance is incomplete with only four waves knocked out.
This implies BNB is now rallying in a fifth and final wave of the advance before embarking upon a more meaningful setback.
One awesome aspect of market analysis with Elliott Wave Theory is that there is a market geometry at play. The waves and the trends are related to one another. Therefore, we can reasonably estimate how far this larger fifth wave might carry.
Many times, wave 5 and 1 are related by a fibonacci distance or they are equal. When we apply this to the chart above, wave 5 equals the distance of wave 1 at $741. A nice gain but still a little on the small side for typical fifth waves.
Wave 5 is 1.618 times the length of wave 1 at $1435.
Additionally, wave 5 target estimates can be generated using the distance of waves 1-3. For example, 38.2% the distance of waves 1 through 3 appears near $1524.
When we mix these ingredients together, a fairly tight cluster of target prices is created near $1500. Therefore, it would be common for a market of BNB’s structure to rally from here to near $1500 before finding a more meaningful top and correction.
Continuation of the trend and a new price levelBNB shows strong resistance to the impact of the rest of the top cryptocurrencies, nice slight corrections, returns to its price level and continues to break through the next price levels (good sign)
BNB strong price positionBNB defends its price level very well, after price declines it almost immediately regains control and continues the trend upward
BNB calm and stabilityBNB has a strong price position, for many days BNB has not had any corrections or major artificial price DUMP, this shows that BNB is moving strongly in its direction
#BNB is preparing for a leg upIt is about to break downtrend. This will be the 4th trial to break it on 1H chart. I believe that it will follow the blue path and try again a local ATH.
I pointed out the path by using ichimoku levels.
BNBUSD H16: 100%+ gains THE BEST Level to BUY/HOLD (SL/TP)(NEW)Why get subbed to me on Tradingview?
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BNBUSD H16: 100%+ gains THE BEST Level to BUY/HOLD (SL/TP)(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
🔸 Summary and potential trade setup
::: BNBUSD H16 chart review
::: chart 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
::: best reload bulls near 410USD later
::: expecting 100% bull run
::: re-test of sliding S/R line
::: near 800USD later
::: BULLS stay out be ready later
::: expecting short-term pullback
::: BULLS get ready to BUY after pullback
::: TP bulls is +100% gains later
::: expecting decent gains soon
::: 20-25% pullback short-term
::: recommended strategy: BUY/HOLD after pullback
::: TP BULLS +100% gains / 800 USD
::: BEST reload BULLS near 400/410USD
::: TP BULLS is 800 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
::: Sentiment short-term: BEARS/PULLBACK
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 Coin Price Analysis: BNB continues to hold above $470Binance Coin price analysis is bullish today as the $470 support still holds, likely leading to a reversal back to the upside later today. Therefore, we expect BNB/USD to move towards the $510 and end the several-day retracement.
$BNB CZ Need to pump his Coin!BUY signal on $BNB. Keep an eye out on the Binance coin it's been quiet lately.
I'm not in this coin currently. But it has performed well for me in the past.
BNB - Binance Coin - Death or Glory - two options hereBNB - Binance Coin - Death or Glory - two options here
from 2017 ; stretched the two ways that make any sense. both possible. both seem likely ..oddly. i want pink but iam ready for green..
BOUNCE - hit top resistance then down into bear
BOUNCE - but muted then slow roll back up to glory
Cz to the rescue. Your funds are safu...prob.
BNBUSD, Break Trendline Otw 700 ?TP 1 : > 600
TP 2 : > 800
SL : < 370
Risk In Your Hand
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Binance (bnbusd) Inverse Head & Shoulder BreakoutCoin: BNBUSD (Daily)
Pattern: Head & Shoulder
Entry: $445
Stop Loss: $400 (-10%)
Take Profit #1: $490 (10%)
Take Profit #2: $535 (20%)
BNBUSDBNBUSD looks ready for another bullish run to set new higher highs, the momentum can only change if we fail to break 677 our key area, but until then i am looking forward into going long from this point.
i don't really trade cryptocurrency but i am looking forward into being educated and enjoy the journey
BNB long term move to $1000Theory is as follows, Bitcoin keeps doing well and with Binance being the biggest exchange they are well positioned to capture alot of the increasing demand.
Binance rams BNB down users throats in advertising, therefor, if Binance continues to do well I see BNB easily hitting $1100 (but most likely higher) in the not so distant future.
Binance Coin might be breaking through. BNBUSDIt certainly looks like it. WXY of a larger B Wave seems to be complete and we are just about right Fibonacci time wise. No pivot is confirmed, but it feels got to be somewhat risky from time to time.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in green with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe!
BNB LongBNB long - many catalysts to drive it upwards, small retrace due to china news. Looking for 600's out of this.
BNB LOOKS GONNA BREAKOUTMany pattern that shows BNB will pump, but maybe BTC will show us the direction of BNB, If BTC continue to dump BNB will have a correction too
- Inverse H&S
- Breakout Symmetrical Triangle
