BNBUSD trade ideas
BNB Analysis On pointI Did this analysis once or two weeks ago and its looking great ! BNB is the Altcoin that im accumulating the most and I can't wait for it to reach a new all time high.
Binance Coin #BNB Falling wedgeBNB Is consolidating from a falling wedge and is bouncing from the lower support. This will definitely be a buy for me. The thick bottom red line is the daily critical resistance turned support line.
BNB buying signal -BNB has been on an uptrend since they implemented binance smart chain, this technology is faster and cheaper fees than ethereum(eth). I classify BNB as a blue chip in crypto. It has a limited supply of 168,137,036.
BNB can be use to reduce trading fees on their platform.
Now the chart is telling us those green arrows are at its lowest point, and as of today 22/09/2021 after the Evergrande News it is at its buying time again. I would buy and hold out until it go back to 500+. at the time of writing 1 BNB is $357.
BNBUSD - Elliot 🔥I'm expecting the 5th Impulse wave towards ATH
Thanks for taking your time to check out my idea 😎😎! Often, my ideas are fast gone from the front page because there are so many ideas on the platform and the algo picks the one with more likes 🤖🤖. I think once I have around 20 likes/idea my idea will be shown in front 🥳🥳. It would be awesome if you could like my idea, (only if you really like it of course) 🤪! I believe that the more we can interact with each other, and share thought about an idea, the more we can learn! 👩🏫🧑🏾🏫👨🏻🏫
Furthermore, I made a challenge for myself, I will add 1 idea for every new follower🦹♀️ So if I have 1 follower each day, I will add 1 idea. If I have 10 followers, I will add 10 🏌️♂️ It’s fun for me and you! More followers = more ideas = powerful community! 💪💪💪 Besides, all the ideas are … FREE 🥳🥳🥳
⚠️⚠️ If you want to know how my previous ideas played out, > push the play button on my previous ideas and check it out 🕵️🕵️
Is there a ticker you want me to look into? Let me know in the comments below ⬇️⬇️⬇️
Binance coin to reverse from support?For the past 2 weeks, BnbUsd has consolidated in range between 380 and 440.
Now the coin is trading again near support and this can be a good opportunity for bulls to open buy trades.
The medium-term target can be 550 and a drop under support would negate this scenario
BNB + Demand + liquidity = 🌙Ninjas prepare for battle,
Many DEFI applications are being built on BSC, there is tremendous liquidity pouring in.
The fee's are incredibly cheap to transact compared to ethereum.
We have just removed MANY stop losses and leveraged traders are crying.
And last but not least demand has been hit and new levels are being created on the lower timeframes.
Long bias for now. The highs are our next resistance area IMO.
BNB Sell a break setup.BNBUSD - Intraday - We look to Sell a break of 382.4 (stop at 394.51)
Short term bias has turned negative.
Pivot support is at 385.00.
There is no indication that the selloff is coming to an end.
A break of yesterdays low would confirm bearish momentum.
Our profit targets will be 347.51 and 337.51
Resistance: 400.00 / 420.00 / 438.00
Support: 390.00 / 370.00 / 350.00
BNB bouncinthink we see continuation to the .618 of the retrace at minimum, might be after a small accumulation phase
fill the inefficiency
BNB Come on dude, you can do this!As price breaks 420$ zone, it may face a correction and if the price can hold the zone, price can get to 450$ Zone....
RSI is struggling breaking the 50 and a minor divergence can be seen as well
BNBUSD Are we going there? BNB has shown an affection for 0.618
This may morph into an affection for 1.618
As I have mentioned before BNB reminds me of early Bitcoin, based on price structure and price development
CAN BNB HOLD THIS LEVEL?Hello folks,
Welcome to this fresh update on BNB/USD in 4 hours timeframe. What you see in this chart is pretty clear and simple.
Let us observe both bullish and bearish scenarios for BNB.
Bearish Scenario: BNB is at the edge right now. The $390 price level is a very important support for BNB and if it breaks below this level then we can expect the price to fall further. The fall will bring the price back to $357 where will have good support and if it continues to drop then $335 would be the 2nd support.
Bullish Scenario: BNB is currently forming a bullish divergence (look at the RSI and the actual chart). I expect BNB to rally towards the upward direction breaking the 21 MA and the resistance which is at $413 and then a little retest to confirm a higher rally.
These two scenarios completely depend on BTC and its dominance. If you compare both BTC and BNB charts side-by-side, you'll notice some similarities in the channel formation.
I am biased towards the bullish scenario but I am also considering the support level at $390. If BNB falls and closes below the $390 level then I'll exit my BNB holdings and will wait for the right entry.
Note: I am not confirming anything on this chart nor I am forcing you to take any trade. This is just a probability show through T.A. This isn't financial advice so please do your own research before investing.
If you find this information useful then hit the like button, and share it among your known people.
What's your idea on BNB? Do you think BNB is bearish or bullish? What will be the next price move for BNB?
BNB - Trend-Following Setup!Hello everyone, if you like the idea, do not forget to support with a like and follow.
BNB is overall bullish , and now retesting the 400 green support so we will be looking for buy setups
on H1: BNB is forming a trendline in red but it is not valid yet, so we are waiting for a new swing high to form around it to consider it our trigger swing. (projection in purple)
Trigger => Waiting for that swing to form and then buy after a momentum candle close above it (gray zone)
Meanwhile, until the buy is activated, BNB would be overall bearish can still trade lower.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
