BNBUSDT. Trading opportunityOn the daily timeframe, the sideways movement that began in March continues. Yesterday, the seller pushed the price back below the upper boundary of the range at 645.2. The closing candle had a good spread and volume, confirming the seller's strength. The current seller's vector is 9-10, with a potential target at 508. The nearest obstacle for the seller is at 586.5. The price is close to 50% of the last buyer's impulse (608.8), from which a buyer's movement might start.
On the hourly timeframe, there is a short-term downtrend. The last seller's impulse started at 653.7, and a seller's zone has formed at the base of this impulse (indicated by the red rectangle on the chart). It is preferable to look for selling opportunities in this seller's zone (645-654). However, the price may not return to this zone.
Currently, selling opportunities can be sought if the seller defends the level of 645.2, as an idea to realize the seller's vector 9-10 within the daily timeframe range.
There is no context for buying at the moment.
BNBUSDT trade ideas
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.
BNB about to loss support ? BNB / USDT
After a major coin like BNB makes a new ATH then doing a clear and simple retest like this in which giving the majority the chance to buy it = 90% of cases is dump
In 90% of cases of retested triangles after new ATH = more dump to take more liquidity below the triangle
(Ex : this happens in BTC as well recently)
Iam long term supporter of BNB but short term looks more for correction
The confirmation :losing the dynamic support in my chart
This isn’t a Financial advice
Binance Coin (BNB): Rejected From 100 EMAWe are back with BNB coin, where we had a nice rejection from 100 EMA in a 4-hour timeframe.
We are now looking for a touch to the support zone to happen after what we want to see: a nice movement towards the liquidity zone (which will happen only if we see a clean break from support).
Swallow Team
Is Binance Coin Breaking Out of its Bearish Pattern?📊Due to the decrease in the downward momentum of the price movement, if the range of 580 units is broken and the price stabilizes above it, the price may increase to the range of 590 units🎯, and in the case of the strength of the range of 606 units🎯🎯.
📊Otherwise, the price may fall to the range of 555 units.
Binance Coin (BNB): Breaking Drown from Triangle Formation!BNB has broken down from triangle formation, leading the price towards 100 EMA (which we are looking to be broken).
As soon as we see a breakdown from 100EMA, we should see a further downward movement towards 200EMA and the local support zone as well!
Swallow Team
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.
