BNB- A good push up inside a triangle!Hi everyone
As two directors have left Binance in the past couple of weeks, the market kept going down, but less selling pressure is obvious.
So there is an expanding triangle inside our daily triangle , which is a good indication of reversal ,short term. For a longer perspective , we have to see the price react to our daily triangle top or bottom.Remember that the price is in a bear trend and we don't have any indications to show this was our last flag.
Resistance levels are top of our triangle and 300$ level and support levels are 295$ and bottom of triangle.
Hope this analysis helps you in a way.
I will gladly answer your questions,Just leave a comment below and PRESS THE LIKE BOTTOM please.
Binancecoin
BNBUSD Long-term action planThe Binance Coin (BNBUSD) has been consolidating with the 1W MA100 (yellow trend-line) as its Support ever since the May 12 bottom and subsequent rebound. On a 1 year basis this is the ultimate range with the 705.00 Resistance and the 209.00 Support each being tested twice.
There is a strong similarity between this Support rebound and the previous (late May/ early April 2021). As you see, that too consolidated after almost hitting the 0.5 Fibonacci retracement level (this time this level has been hit) with the 1D RSI printing an identical pattern on the exact same levels. That 2021 fractal reached the 0.618 Fib after one last pull-back and consolidation, so maybe we will hit 365.00 within a month's time.
Technically though, we can only justify a long-term bullish reversal if the price breaks above the 1D MA200 (orange trend-line) which has been the Resistance since January 20 2022. On the other hand, if the 209.00 Low breaks, I expect a direct hit on the 1W MA200 (black trend-line) as the ultimate bottom of this Cycle.
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Binance Coin (BNBUSD): Very Bearish Outlook! Here is Why:
Binance coin is trading in a bearish trend this year.
After a sharp bearish move, the market retraced to a solid daily resistance.
Growing steadily within a rising parallel channel on 4H, the price broke its support line
once the underlined zone was reached.
I believe that the coin will keep falling now.
Goals:
297
288
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Binance Coin Peaked vs Bitcoin?On the chart above I highlighted multiple bearish candles...
The last one is very telling with increasing volume to break below EMA10, EMA50 and EMA21.
This can lead to lower prices...
Binance removed RSRBTC without notice.
Even removed it from the delisting page... Money gone, no excuses, no explanation, no warning, no reason, no time to prepare...
The same with other pairs.
I withdrew all of my Bitcoins from this exchange.
Very bad for business I guess.
Namaste.
BNB: INDEED A PERFECT BOUNCE.Hello traders and welcome to this BNB update once again.
If you are new to my community then a warm welcome to you on behalf of all my members and professional traders. In this community, I share updates related to the crypto market including margin trading, futures, spot, and scalping. My comments box and DMs are absolutely free for new ideas and suggestions. So, feel free to interact and share your ideas. You can be a professional trader, a noob, or anything, we are all here to learn and I believe that we can help each other.
Alright, then, let's get back to the chart.
BNB broke out, retested, and bounced back successfully. I am expecting a rally towards $400 soon. Meanwhile, BNB may drop a little close to $325 (which will be a good entry position) and gradually rally higher. The support line is at $320 and BNB must hold this level. I am still holding my 50% position on BNB and will accumulate more if it dips.
Trade setup:
Entry: $320 to $326
Stop loss: $300
Target: $360, $380, $400.
Trade safely.
BNB#BNB
Perhaps the most interesting and at the same time the least technical coin.
Since March 2020 it has gone 103 times, from $6.5 to $678.
More than one year the coin went in a range 260 - 680 without turning anywhere.
Now it's near the bottom line of the zone, and if bitcoin continues to dump, the bnb could easily go down to double digits, so be careful.
BNB: A PERFECT BOUNCE OR A FAKEOUT???Hello and welcome to this BNB update in 3 hours TF.
If you are viewing my post for the first time then do not forget to like and follow. I share updates on the crypto market including margin trading, futures, spot, and scalping. All ideas are my biased opinion and I invest at my own risk. I don't force anyone to buy or sell, I simply share my ideas absolutely for free and it is your sole decision whether to trade on them or use them to understand the market.
BNB has formed an ascending triangle pattern which usually is a bullish pattern. BNB broke out, retested, and currently bouncing back perfectly from the support level. Is this a bullish confirmation? To some extent, yes, it is a bullish confirmation but considering the dominance and BTC price movement, it is always wise to wait or trade with a close SL. I am already long on BNB at around $305 and I will continue to hold it until it breaks down below the ascending triangle support level which is at my entry-level.
On the other hand, if BNB is bullish then we can expect a rally up to $350 to $400.
What do you think about the current price movement on BNB? Let me know in the comments.
Thank you, guys, for your support.
BITCOIN Breaking TrendLine NOWBitcoin is in a triangle in the 4-hour timeframe that is now breaking down. If the pullback is completed, there is a possibility of a more severe fall to the levels of 28750 and 28200, otherwise it will react to the trend line by returning the trend upwards. The initial levels of support and resistance are marked on the chart.
Its not Buy or Sell SIGNAL
DYOR
BY : Mohamad Teriz - @AtonicShark
BNB/USD: short positionI see a short position in Binance coin right now in H4 timeframe.
Also, I will keep this trade until $206 USD, that will be my psychology target profit for this cryptocurrency. Also to share in my analysis, I see that MACD indicator make in the bar chart a higher low in the indicator indicating weakness in the market and also, continue the bearish trend.
Depending how the Daily candlestick closed up today, if closed up bearish signal, it's a good potential to short BNB in this timeframe and follow the trend toward $206 USD.
I will replace this rade for Oil price that drop and got some loss in my trade and swing trade, for that, I decide to closed up as I know that Oil will crash to $100 USD.
Good luck!!!
BNBUSDT - Short Term AnalysisCHART PATTERN:
The pair appear to be creating an ascending triangle and be prone to a new downturn. We will likely see BNB try the 312 level once more before having any kind of breakthrough.
OSCILLATORS:
Stochastic and RSI are rapidly approaching oversold areas hinting a possible an upward rally in the next few hours/days.
LIKELY SCENARIOS:
- OPTIMISTIC - If the new attempt at 312 level will be successful BNB is likely to rally to 337 level before encountering resistance. Likely if BTC or ETH will soon start to gain traction.
- PESSIMISTIC - If BNB will be rejected we will likely see a pretty huge dump to 267. Likely if new news about regulation and oversight will appear in the immediate future
- INDECISIVE - Both the chart and the market in this period are very undecisive so there is also a non small chance that the pair will keep trading between 312 and 267 while the market in general decide its direction. Likely if nothing major happens and the market just keep idling in the wait of a sign.
#BNB in a $50 Range, Prices Remain in a Bear Breakout FormationPast Performance of BNB
The BNB price is posting higher highs but is within a bearish breakout formation. The immediate resistance line is $320—marking May 11 highs. How BNB reacts at this level may define the short to the medium-term formation, even propping bulls after last week's dumps.
#BNB Technical Analysis
From the daily chart, BNBUSDT prices are consolidating above $220 and $270—the immediate support level. In the $50 trade zone, aggressive BNB sellers may unload on every pullback below $320 from an effort versus results perspective since price action is within the May 11 bear bar.
On the flip side, a solid close above $320 may be the foundation for a refreshing leg up to $360 in a possible retest. Based on the formation in the daily chart, risk-averse traders may wait for clear price definitions.
Losses below $270 may lead to more price dumps towards $220, continuing the primary trend set in motion on May 9.
What to Expect from #BNB?
Prices are within a $50 range, with support and resistance at $270 and $320. Losses below $270 would make the recent pullback a dead cat bounce, fanning more losses, possibly below H2 2021 lows.
Resistance level to watch out for: $320
Support level to watch out for: $270
Disclaimer: Opinions expressed are not investment advice. Do your research.
Binance Coin Looking bullish because Head & Shoulder Pattern#BNBUSDT Inverted H&S Chart:-
- In LTF #BNB is bullish chart (1H)
- Breakout + Retest = ✅
- I am expecting Bullish Upward Move
- Targets = $329/$361/$383
- Strict Stop Loss = $271
This is One Hours Scalp Chart Update.
And I am expecting good upward move.
But don't forget to place stop loss because the market is very volatile.
BNB-A Good chance for reversal?Hello everyone
In the past couple of days we have seen a new face of the crypto market. Daily chart of BNBUSDT shows,a bear trend taking place and for today's bar so far we have a pinbar. Now you may think "It's a good time to buy", NO.After a bear trend this steep, with this much volatility and fear? Anyway,pinbar is a good signal but a really bad context.In lower time frames,we have the micro channels forming.If you are a trader and not an investor, you know what to do.
For now. we have the support levels of 200$,225$ and 260$ which is more likely to break and for resistance we have the top line of the bear channel and key level of 300$.
BNB ab=cd pattern to $100#BNB/USDT
$BNB AB=CD pattern shows downtrend can be end around $100
🐻price is below middle line of weekly descending channel, but still the weekly candle is open.
so close below middle line will drop price more to touch lower line around 2.618 fib level to complete ab=cd pattern.
🐮 if weekly candle going to close above middle line price can head up to break out the upper line of channel and ab=cd pattern will be invalid.
Elliott Wave Analysis: BNBUSD Has An Unfinished Wave CHello Crypto traders!
Today we will talk about Binance Coin - BNBUSD, its price action from technical point of view and wave structure from Elliott Wave perspective.
BNBUSD is trading in a big A-B-C zig-zag correction from May 2021 highs and it looks to be unfinished. In May 2021 we saw sharp and impulsive decline, which should be labeled as a first leg A. From May till November 2021 we have seen a three-wave corrective rally in wave B and since November 2021 it's trading now in wave C.
Wave C is a motive wave and it should be completed by a five-wave cycle. If we consider that May 2021 lows is still open, then current sideways consolidation could be easily just as part of subwave (4) correction before we will see another sell-off for the final wave (5) of C towards 250-200 strong support zone.
Trade well!
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BNB/USDT : Broke below the support zone! BINANCE:BNBUSDT
Hello everyone 😃
Before we start to discuss, I'll be so glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it!
$BNB has broken below the demand zone and now it's retesting the broken zone.
The mentioned zone has held the price above $300 for more than 280 days and it's finally got broken!
Not so sure about the market's current bias; But I'm going to locate my Short based on PA we have here.
But there're a few factors that we need to look for :
- The Stop-loss should be managed by active management, Because we had the stop-hunt above the last master candle earlier.
- Entry should be located into the broken support zone.
- Don't use High leverage.
- Don't engage more than 3% of your portfolio.
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Attention: this isn't financial advice we are just trying to help people with their vision.
Have a good day!
@Helical_Trades
Binance Coin Price Analysis — May 6Binance Coin has had nothing short of a roller-coaster price action over the past 48 hours. Following the US Fed rate decision on Wednesday, the market recorded a sharp rally, peaking at the $413 top.
However, the market took an unexpected dive in the following hours, sponsored by the stock market. The crash recorded yesterday set BNB on course to its lowest point since March 16, as the cryptocurrency tapped the $370 low.
As we head into the weekend, we can anticipate more volatile moves for the fourth-largest cryptocurrency, with a possibility of tapping the $350 low.
Meanwhile, my resistance levels are $380, $400, and $410, and my support levels are $365, $350, and $340.
Total Market Capitalization: $1.65 trillion
Binance Coin Market Capitalization: $61.6 billion
Binance Coin Dominance: 3.73%
Market Rank: #4