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BNBUSDT trade ideas

BNB/USDT 1D Chart ReviewHello everyone, I invite you to a quick review of the BNB to USDT chart on a 1-day time frame. As you can see, the price broke the bottom of the upward trend line. As we can see after unfolding the Fib Retracement grid, the price is approaching the strong support level of $540, but if this support is broken we will still be at the level of $490. Looking at the second stone, again using the Fib Retracement grid, we will see the first resistance at $616, then the second one at $658, and then the price may increase to around $723. Looking at the STOCH indicator, you can see that it was moving along the lower border, which may give an attempt to rebound the price.
by cryptodailyuk
BNB - Ranges overview (update)BNB moving nicely and like we noted it in the previous weeks. We closed back within the range and we are currently trading towards the lows of the range and the liquidity sitting around 540$ and 520$ Will be interesting to see how we end the week in the overall crypto market. BTC is currently below its range lows so let’s see where we move from here…you’ll notice most cryptos as always simply mimick and follow BTC. Stay safe and never risk more than 1-5% of your capital per trade. The following analysis is merely a price action based analysis and does not constitute financial advice in any form.
Short
by Patrick2707
A 800% move to $6000 for Binance token (BNB) by September?On the above monthly chart of BNB token there is easily an hour of topic to discuss. However attention spans amongst the equity providers do not afford a detailed explanation so the short version.. 1) Price action is in a legacy uptrend channel since inception with a confirmation of uptrend continuation (unlike LTC). 2) Price action is at resistance after three years of consolidation. This is the third test of resistance. Blue pointing down arrows. 3) Just as with May 2020 prior to the break of resistance, Stochastic RSI previously crossed above 80. (orange arrows). This is the same situation as today. Stochastic RSI remains with momentum for 182 days. Should history repeat, momentum continues until August / September. 4) The bull flag pattern confirms a breakout AND support. A measured move from the flagpole of the last resistance breakout takes price action to $6000. Is it possible price action corrects? Sure. Is it probable? No. Ww Type: trade Risk: <=6% Timeframe for long: You decide Return: 800% over the next 16 weeks
by without_worries
15
BNB: analaysis in D1📊Analysis by AhmadArz: According to the flag pattern that we saw the best reactions in the past, we can expect the same analysis from the chart at this time.🧨 Just keep in mind that there is a 10% chance of a fake breakout on each side of this horizontal trend.🚨 🔗"Uncover new opportunities in the world of cryptocurrencies with AhmadArz. 💡Join us on TradingView and expand your investment knowledge with our five years of experience in financial markets." 🚀Please boost and💬 comment to share your thoughts with us!
by ahmadarz
Binance Coin Ascending Channel Breaks; $372 Next Target➖ We have a very strong ascending channel pattern on the BNBUSDT chart. ➖ The fake bullish breakout early June is a failed signal. These two combined spell doom for this pair. Expect a major crash to happen now, after months of sideways which is when most traders lose money. Once a trend has been established, it is easy for traders to win. When the market is ranging, most people lose money and that's when it is recommended to stay out; exactly what we did. 👉 A move down is starting to develop; targets follow: 1) $475 is a strong support. 2) $372 goes next. These are high probability targets. It seems the recovery will be fast after the crash. Namaste.
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by AlanSantana
5