BNBUSD, Inverse Head and Shoulder PatternBNB Inverse Head and Shoulder Pattern
TP 1 White Line
TP 2 Purple Line on top
Price above 200 moving average
BNBUSDT.P trade ideas
✴️ Binance Coin Likely Heading Lower (EMA300 Rejection)Good Friday my fellow Cryptocurrency traders... Is this not a dead-cat bounce?
What one does, the rest follows... Still applies?
We can see EMA300 working as resistance for BNBUSDT.
A strong rejection happened below this level and after a higher low BNB moved up to challenge the same resistance again.
Today we have an early signal of rejection at the same level.
BNBUSDT closing below EMA300 ($252) works as confirmation for this bearish signal which implies lower prices.
➖ Notice the huge volume 21-Nov. (red).
➖ Notice the low volume in the last three days.
If Binance Coin fails to move higher a lower low is set to happen next.
A lower low compared to October, which would mean below $200.
Thank you for reading.
Namaste.
BNB WEEKLY SUPPORT AND RESISTANCEAreas of support and resistance on the weekly BNB chart. The channel at the top has the top, bottom and EQ in the middle.
BNB high buyer activity! LONG up to 262 ⬆️LONG #BNBUSDT from $254.5
Instrument formed a sideways movement, we see that buyer activity remains at a high level, impulse drops are quickly bought off, trading volumes are locally as high, there is an excellent price compression under the formed cascade of levels, the breakdown of which I will consider in the near future, with the acceleration of the price in the breakdown, I expect to see a continuation of the long to the two potentials marked on the graph
BNB - IN FEW HOURS - HOW I SEE IT
This is an intra or call it counter or scalp or leveraging trade against the main LONG trade I posted yesterday which is already in about double digit percentage. The opportunity of about 3 risk reward presents itself and I feel it is not bad to take it. What do you think?
(see previous analysis about BINANCE:BNBUSDT on my page or comment section for context)
BNB Long Trend Posibilitythis is not financial advice , its a analytics on patterns based on probabilities , this OCO have great chance to sky high BNB price , if supass the downtrend and flip as support could make 50% up in 2 or 3 weeks Stay up and always put stop loss people , i learned hard way folkd
Binance Coin can rebound up from upward pennant to 260 levelHello traders, I want share with you my opinion about Binance Coin. By observing the chart, we can see that the price a few days ago started to rise in an upward channel, where it first broke the 228 support level, which coincided with the buyer zone. Some time ago, BNB made a correction to the support line of the channel and then bounced to the resistance line. After this, the price rebounded and fell to the 228 support level, which coincided with the support line of the pennant, thereby exiting from the channel. Next, the price rebounded from this line and made a strong upward impulse to the resistance line of the pennant, breaking the 245 level. Also then, BNB corrected to the support area and a not long time ago continued to rise near the support line of the pennant. And now, I think that Binance Coin can rebound from the support line and rise to the resistance line of the pennant. After this, BNB can break this line, thereby exiting from the pennant and then continuing to move up. For this case, I set up my target at the 260 level. Please share this idea with your friends and click Boost 🚀
BNBUSDT Price can exit from wedgeBNB forming a rising wedge. Divergence is seen on RSI
Trade taken according to analysis done on chart
BNBUSDT- In Trend ReversalBNBUSDT is making a double top and RSI indicator also showing divergence, indicating a trend reversal. Can take an entry by placing sell stop order on breaking of the neckline or can take instant entry of neck line is already broken.
BNBUSDT - Price can exit from wedge and fall to support levelHi guys, this is my overview for BNBUSDT, feel free to check it and write your feedback in comments👊
After the price started to trades in flat, it first declined of support level to the support area, where BNB as few time traded.
Later price broke $228 level again, rose to the top part of flat, and then started to trades higher than the support level.
Then BNB exited of flat and rose to $245 level, which coincided with the resistance line of wedge, and soon bounced down to the support line.
In wedge, the price in a short time broke $245 level and then rose to the resistance line of the wedge, but recently it fell to this level.
Now, BNB trades near the support line and I expect the price can make a little movement up and then it bounces down to $245 level, exiting from wedge.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
bnbSupport and press the rocket to cheer me up
Observe the ten percent loss limit
Stay away from Bitcoins
Feel free to buy and sell and post your comments
[05-12-2023] $BNB BREAKOUT & RETEST FOR SEVERAL TIMESCRYPTOCAP:BNB chart shows a falling wedge pattern that has recently broken to the upside and already retest for several times. If the current trend continues upward following the breakout, a trend-following strategy could involve buying on pullbacks or consolidations with a stop-loss set below recent swing lows or the breakout point to minimize potential losses.
BNB → Price is showing an interesting bullish outlook BINANCE:BNBUSDT breaks the resistance of bearish trend on the background of improving fundamental situation. For the activation of the bullish phase of the market, a few more conditions must be met.
We can see that CRYPTOCAP:TOTAL capitalization, following the COINBASE:BTCUSD growth, is also moving into a bullish trend format. BNB is falling away due to regulatory and governance issues. At the moment, the fundamental environment is improving and the price is starting to show interesting prospects.
The break of the descending wedge resistance is a strong enough signal, the price is testing the MA-50 support and the bulls are confidently consolidating their positions above the moving average. At the moment, the resistance of the current consolidation - 257.8 - is holding back the market from going bullish.
A break of this resistance will be accompanied by a surge in volumes, volatility and the formation of a bullish impulse.
Support levels: 226, MA50, 203.4
Resistance levels: 257.8
I expect a breakout of the mentioned resistance after the next retest. On the background of favorable conditions it may happen rather quickly. Targets are 336.8, 439.0.
Regards R. Linda!
BNB Following my ideasBinance coin is perfectly following my ideas. 264 will be my target and i will start considering a short at this price level. We are up 8% o spot, enjoy
