BNB, trendline BREAKOUT with TWO targets!Will Binance Coin (BNB) grow by +20-25%? Let's figure it out!
Now the price is trying to breakout the trend line. We can see that the bulls have the power, as there is no PULLBACK after the THIRD test of the trend line.
The first target of this movement will be at $420. The second target could be at $460, but a false breakdown is possible before the growth as the big players need liquidity and they could open their LONG positions.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade.
Binancecoin
BNB: AT THE BREAKOUT POINT.Welcome members to my BNB update.
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 in 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 it or use it to understand the market.
Let's get back to the chart.
BNB has currently broken out of the descending triangle pattern. Traditionally, a regular descending triangle pattern is considered to be a bearish chart pattern. However, a descending triangle pattern can also be bullish sometimes and in that instance, it is known as a reversal pattern.
Let us consider the following points before getting into a confirmation.
1. We clearly see a breakout on BNB but technically it is still under the descending triangle pattern as the recent high is lower than the previous high.
2. The RSI is already at the peak of the overbought range and the only way RSI will move is towards the bottom.
3. Most of the time descending triangles are bearish.
So, even if BNB rallies higher, I am not expecting much right now. BNB could possibly reach up to $400 to $410. I could be wrong on this one but that's what I am expecting looking into the current scenario.
Note: This is not financial advice. This trade setup is based on my T.A and I am risking my own money on this trade. I am reliable for my own losses and profits. So, trade as per your preference.
Let me know what you think about this idea and if you like it then do share the link wherever you can. Let this idea reach as many traders as possible.
I will cover more on this in the coming days until then stay safe and trade well.
Thank you.
CAN BINANCE COIN EXPLODE ANYTIME!? DAILY ANALYSISTechnical analysis regarding the price of BINANCE COIN in relation of dollar Binance for the next scenarios, based on daily movement.
Binance Coin price has been going bearish for quite some time, making tops and descending bottoms since November 2021. What do you think!? The price is heading towards an extreme support point which has already been confirmed 3 times in past years.
If the price loses this intermediate support at $327, we can expect it to go for extreme support at the price of $247 (in a more chaotic case) ~but I'm more optimistic.
disclaimer
*** In accordance with CVM Instruction No. 598, of May 3, 2018, Art. 21, I declare that the recommendations of this analysis reflect solely and exclusively my personal opinions and perceptions and that they were prepared independently and autonomously. Not being considered a purchase and/or sale recommendation. ***
Any questions do not hesitate to contact me. I'm happy to be able to help you in the best way I can. 🙏
BNBUSD Closing above the 1D MA50 can target $555The Binance Coin has been forming a bottom pattern since the January 22 low, in a similar fashion as the May - July 2021 bottom formation.
As this 1D chart shows, the 2021 bottom sequence came to an end when BNBUSD closed a 1D candle above the 1D MA50 (blue trend-line) for the first time in more than 2 months. At the same time, the MACD indicator (bottom of the chart), was posting a 3/2 Bullish/ Bearish Cross sequence after the first low on the price's Triple Contact Support Zone. When that happened, the price rallied immediately to the 0.618 Fibonacci retracement level and then filled the gap near the $700.0 Resistance (and ATH).
If the patterns continues to repeat the 2021 fractal, then the current 0.618 Fib is exactly at $555.00 and that will be our target upon break-out.
--------------------------------------------------------------------------------------------------------
Please like, subscribe and share your ideas and charts with the community!
--------------------------------------------------------------------------------------------------------
PROJECTION FOR SHORT IN BNBUSDT - WHAT DO YOU THINK!?Technical analysis regarding the price of BINANCE COIN in relation of dollar Tether for the next scenarios, based on daily movement.
disclaimer
*** In accordance with CVM Instruction No. 598, of May 3, 2018, Art. 21, I declare that the recommendations of this analysis reflect solely and exclusively my personal opinions and perceptions and that they were prepared independently and autonomously. Not being considered a purchase and/or sale recommendation. ***
Any questions do not hesitate to contact me. I'm happy to be able to help you in the best way I can. 🙏
BNB/USD: Sell; supply zoneBinance Coin show up a supply zone that you need to sell if you short BNB. This cryptocurrrency continue in this bearish movement toward my key point of green line that work for support. Look below:
I have a proyection that BNB will hit down $364 USD. And also, more belwo like $356 USD. But we could to entry in another good trades.
So guys, I hope that this idea support you very well.
Binance Coin Price Analysis — March 11Binance Coin (BNB) has struggled to record a decent bounce to $380 over the past 24 hours amid a bearish sentiment in the broader market. Meanwhile, the recent bearish momentum has resulted in the formation of a double-bottom pattern indicating a possible bullish continuation over the weekend.
That said, I expect a price boost towards the $400 top in the coming days, considering that a bearish move beyond the $365 support appears unlikely at this time.
Meanwhile, my resistance levels are $380, $390, and $400, and my support levels are $365, $350, and $340.
Total Market Capitalization: $1.73 trillion
Binance Coin Market Capitalization: $61.2 billion
Binance Coin Dominance: 3.53 %
Market Rank: #4
Mother of all Breakouts! 🚀😱Hey Traders,
As you can see on the daily chart of Binance Coin (BNB). There is a very important visible descending resistance line, if we break this the breakout could be the orange level but in the rare case the green level. Once this resistance line is broken the trend will have been reversed!
Safe trading,
-Pulkanator
BNB AnalyticBNB Analytic /// I think BNB going to grow an ≈8% is not a lot but is something and it's important to take advantage of these small opportunities. I'm new at this impressive world so if I have made any mistake analyzing the graph, can you please correct me? Is for learning, thanks. I hope it helps you.
Binance Coin Price Analysis — March 9Binance Coin (BNB) has shown some promising bullish signs on Wednesday as Bitcoin snaps the $42K barrier. The bullish bias comes after BNB recorded a sustained break above my long-lasting descending trendline last week. However, bulls have struggled to take the daily 50 SMA ever since, keeping the price close to the trendline.
That said, today’s bullish momentum in the broader crypto market seems a bit more aggressive than normal, presenting the possibility of a break above the $410 barrier in the near term. Bulls need to close today’s candle above the 50 SMA to sustain the bullish trajectory, prompting a sharp rebound to the $450 top in the coming days.
Meanwhile, my resistance levels are $410, $436, and $450, and my support levels are $380, $350, and $340.
Total Market Capitalization: $1.84 trillion
Binance Coin Market Capitalization: $65.1 billion
Binance Coin Dominance: 3.53 %
Market Rank: #4
BNBBTCHello Crypto Lovers,
Mars Signals team wishes you high profits.
We are in the daily time frame. The price has broken the resistance line and is making its pullback. We expect it to rise up again and hit the next resistance zone. If this resistance zone is broken, it will go higher and if the support zone is broken, it will go lower.
Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.
Wish you luck
$BNB Daily Breakdown-Breaking down the key levels on $BNB. Stared with measuring the market structure using Fibonacci.
-My style of trading focuses on flowing with the trend, and patiently waiting for the story price reveals. Fibonacci, Harmonic Patterns, Wave Sequences, Price Action, and a mixture of Multi-Time Frame Confluence. Most importantly the visualization of emotions cycled into the chart.
As always THANK YOU and if you found this video helpful, please let me know by giving a like and/or leaving a comment below.
Also, feel free to share your opinion on this setup or any other. The more ideas we can generate together, the more information we can spread to the trading community, LOVE & PEACE!
~T$
BNB more gain expected 🚀Based on the chart, the price has completed the retest of the descending channel and here we have major support for the price ✔️
if the price stays above the support area, we will see more gain 🚀
our next target is close to weekly trend line ✔️
Please, feel free to ask your question, write it in the comments below, and I will answer.🐋
Binance Coin (BNB)! Potential closest target - $400!After the $386 level is created, the price very often successfully tests both support and resistance - a mirror level is formed.
Locally, an extending wedge was formed and after testing the lower boundary, the price successfully bounced off it and now returns to the mirror level.
The closest target for long positions on BNB is $400-$410 resistance zone with high volume. Also, $400 acts as an important psychological level that most traders pay attention to and will close their long positions.
Friends, press the "like" button, write comments and share with your friends - it will be the best THANK YOU!
P.S. Personally, I open an entry if the price shows it according to my strategy. Always do your analysis before making a trade.
BNBUSDTHello Crypto Lovers,
Mars Signals team wishes you high profits.
We are in the 4-hour time frame. The price has fallen down to the support line and has been supported. We expect the price to go up to the confluence of the two resistances and then fall back down to the support zone. If the resistance area is broken the price will go up.
Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.
Wish you luck
PRICE PROJECTION FOR DAILY BNB - OPTIMISTIC SCENARIOTechnical analysis regarding the price of BINANCE COIN in relation of dollar Tether for the next scenarios, based on daily movement.
disclaimer
*** In accordance with CVM Instruction No. 598, of May 3, 2018, Art. 21, I declare that the recommendations of this analysis reflect solely and exclusively my personal opinions and perceptions and that they were prepared independently and autonomously. Not being considered a purchase and/or sale recommendation. ***
Any questions do not hesitate to contact me. I'm happy to be able to help you in the best way I can. 🙏
BNBUSDT 1D TA : 2022-03-02 Next MoveAs we can see, by reacting on the OB range, we will have the possibility of falling to the trend line specified in the chart. And with the re-support of the important support range and the support of the dynamic trend line, we will see a price return of around $ 320 to $ 340. It should be noted that if the OB range is broken, the price can rise.
Its not Buy or Sell SIGNAL
DYOR
BY : Mohamad Teriz - @AtonicShark
BINANCE COIN - AnalysisOn a daily timeframe, pattern conditions and resistances are such that the $420 range is a very important static resistance. I can expect a positive move of around $500 in the coming weeks by crossing this resistance. If it fails to cross this area, the positive trend will be broken.
BNBUSDT Bullish Confirmed!BNBUSDT is ready to break its major resistance trend line.
BNBUSDT (4H Chart) Technical Analysis Update
BNBUSDT Currently trading at $413
in the above chart you can see BNB's price multiple times touched its resistance trend line and now the price is ready to break its major resistance trend line. once the breakout is confirmed in 4h chart, we can expect a good up move in BNB.
Swing trade setup
Long Entry: $415 - $420
Stop loss : $355
Target 1 : $465
Target 2 : $505
Target 3 : $565
Target 4 : $640
Always keep stop loss
thanks
Hexa