Trading opportunity for BNBUSDT Binance CoinBased on technical factors there is a Short position in :
📊 BNBUSDT
🔴 Short Now 259.10
🧯 Stop loss 312.0
🏹 Target 1 259.0
🏹 Target 2 244.0
🏹 Target 3 222.0
💸Capital : 1%
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Binancecoin
Binance Coin (BNBUSD): Breakout & Bearish Accumulation
Binance coin was trading in a classic bearish accumulation pattern the entire August.
The price finally broke and closed below its support yesterday.
I believe that the coin will keep falling.
Next support - 245
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BINANCE COIN PERSONAL ANALYSIS IN THE LONG TERM (SECOND TRY!?)The total evaluation for the BNB coin is bearish. Please be mindful of the risks in each trade you do and consider your risk tolerance as well to avoid any sort of unnecessary repositioning or panic selling/buying. I see a big potential for BNB to break to the upside, embarrassingly enough the breakdown we just had days ago is still within the rising wedge for BNB but not with others, this means that BNB can still go form a higher-high and then dump. However, this higher high would more likely to be a fake-out and a desperate plea.
The NASDAQ and the SP500 was able to end the day with a bullish harami which is a very bullish indication of a reversal point, now we are currently building a healthy market structure based on RE-TEST instead of just dropping rapidly in one fell swoop.
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BNB Binance Coin bearish sentimentSeptember has major catalysts for the crypto market as well as for the stock market.
The Ethereum merge on September 6th, that will end on Sept 20, the inflation report on September 13 and the next FOMC meeting afterwards with the new interest rates hike.
That is reflected in the crypto space in general as a bearish outlook.
BNB Binance Coin has a negative overall sentiment recently.
I have the following price targets:
BNB/USDT
Entry Range: $270 - 285
Price Target 1: $250
Price Target 2: $229
Price Target 3: $203
Stop Loss: $310
Binance Coin AnalysisHello guys.
BNB holding above strong horizontal support and also rejecting from the descending trend-line resistance.
It might create an inverse head and shoulder pattern, if it breakout trend-line resistance, then that would be a bullish sign for BNB and if it breakdown the horizontal support with a bearish candle close below it, then that would be a bearish sign for BNB.
So we've to keep an eye on breakout or breakdown to confirm it's next direction.
BINANCE COIN#BNB possible chart 1h 🧊
After forming a last LL and pushing upside broke last LH forming Change Of Character (CHoCH) now im waiting for price to comeback into our Order Block Zone (OB) and i will wait to see if price will take any retest for long if cant break High we will se a SHORT position after Breakout on our 0.5% zone ⏳
The 3 supports at $275. Another chance to open a long on BNB🔥Hi friends! It`s a rare thing when almost 3 huge support are concentrated at the same price level. Of course, it`s a chance for the long traders to open a long there, because the traders will hold this price and don`t let the price fall lower.
📊 Preconditions to open a long:
🔥 test the trendline, $264-274 value area and $277 key level as support
🔥 volume growth which shows the additional purchase by the big players and that the small one sell their coins
🔥 DOM and Footprint are the tools which helps me to identify the whales BUY orders wall. The whales orders very often reverse the price. Also, We can open pur long with short stop loss and highest RR
🔥 squeeze to the trendline
🔥 bullish BTC
📊 The targets:
1. $300-310 - the value area
2. $338 - the key level
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P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
BNB to break out 2EDIT: Please ignore the lower chart, it's shown by mistake, just go with the upper chart and press the rectangle button to maximize it (alt + click).
This is follow up to the original idea down below. We just got wider triangle before the real breakout.
Binance Coin broke up this triangle📐 and I think there is chance for run to 314 and even higher. Setting BUY LIMIT order to previous range high to catch🎣 the pullback.
ENTRY : local high @ 300.5
STOPLOSS (SL) : local low @ 295.7
TARGET (TP) : height of the triangle projected from midpoint of the local range (BUY LIMIT - STOPLOSS) @ 314.5
REWARD RISK RATIO (RRR) : 2.9
INVALIDATION : when SL level hit
Check my other stuff in related ideas.
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⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.
BNB to break outPlease 1st of all smash the boost🚀 button to support my work if you like it! It's absolutely for free.
Binance Coin seems to be ready to break up this triangle 📐 and if successful I think there is chance for run to 315 and even higher.
ENTRY : local high @ 300.8
STOPLOSS (SL) : local low @ 295.8
TARGET (TP) : height of the triangle projected from midpoint of the local range (BUY STOP-LIMIT - SL) @ 315
REWARD RISK RATIO (RRR) : 2.7
INVALIDATION : when SL level hit
Check my other stuff in related ideas.
Please boost🚀, comment🗣️, follow me✒️, enjoy📺!
⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.
BNB to HODL#BNB/USDT
$BNB broke out from the long-term descending trend line.
now price holds the support zone above $270.
🐮 breaking out from resistance zone around $350 can continue the rally toward resistance zone between 0.5 and 0.618 fib levels of whole swing down.
and I think it's possible to touch the descending trend line.
as BNB had the most rise in previous bull runs (even more than BTC and ETH) so I prefer to #HODL it this time too.
BNB weekly time frame analysis BNB looks absolutely stunning! The weekly time frame looks very bullish and we have a great long set up at current price. Take profit 1 at 456 and take profit 2 at 540.
If these levels are hit then I’ll do more analysis for more upside targets. But I’d expect these levels to create a lower high which would be followed by a lower low.
What’s everyone think?
BNB Idea for 24 August, 2022 - Trade setup276-283 is an important level. There are two possibilites at that level:
1. I will go long at 283, with a stop loss at 275.5 with a target of 315.
2. It could also form a head and sholder pattern, causing the price to go lower to 235 levels. If I get stopped out at 275.5, I might take a trade in the short side.
Binance: bullish trend continuationThe market is in the uptrend on the Daily timeframe. The market has been in the deep correction for the last few days. The price reached the support level with the borders of $275 – $282.5 and the pullback was formed. A pullback buying opportunity on the Daily timeframe was formed.
The movement in recent days has formed a new support level, the lower border of which practically coincides with the previous support low.
The next target for the bullish movement is the resistance level with the borders of $330 – $336.8, formed on August 7 – 14.
If the market is closed above this resistance successfully, the price is likely to move forward to the target #2 – it is the resistance level with the borders of $402 – $413 formed on May 4 – 5.
Long positions will remain relevant until the market is above the nearest support level on the Daily timeframe, the lows of August 19 – 21. The borders of this support are $276 – $279.