Binancecoin
BNB Recovers from Omicron Covid DropBNB seems to be recovering from the previous devastating drop caused by the Omicron Covid fear. It's been 4 candles of 4h, total of 16 hours, above the weighted Bollinger Bands and above the $604 S/R. Also, it's almost the end of November. Everybody seems to be hoping that December will be the time the overall crypto market mooning. As a major crypto, I expect BNB could "lead" the others.
BNB finish or back soon to $657.5 next Hello my friends, today I want talk with you about another one pump coin in my opinion, its BNB or Binance Coin.
Want to tell you about level 602.2
today at 00;45 price bounced from this level as resistance downwards
Then AT 02;30 price made a little correction from this level TO SUPPORT LEVEL 1
In my opinion soon price will break SUPPORT LEVEL 2 (621.3)
Then we will probably see a retest and will go above ATH for around 657.5
So I think in range 600-630 is good possibility to entry BNB to make some money.
his is article not financial advice, always do your own research.
If you have any questions, you can write it in comments below and I will answer them.
And please dont forget to support this idea with your like and comment, thank you.
BNB/USD - Bullish price action despite the drop! Binance Coin broke above $600 yesterday and was giving a strong bullish signal. But the positivity was short-lived as bears took control of the price today and pushed it back below this key psychological level. Still, BNB remains about 12% up on the weekly, despite today’s bloodbath.
BNB has strong support, just above $500, and despite the current drop, it has made a higher low. It is very important to see how BNB closes today’s candle because if the higher low is maintained, then this correction might have been one more dip before higher prices are reached.
Looking ahead, the indicators for BNB are trying to curve back up on the daily timeframe, and today’s correction has delayed a possible bullish cross. The bias remains somewhat bullish for BNB as long as it holds above the key support at $516.
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BNB wants to fall more, What's the next move?#BNB Short term Analysis
BNB in going to have more correction up to lower support trend line, As you can see bear trap is expected.
603$ is a important resistance for BNB and reclaiming that level can help BNB to grow faster.
A wedge pattern has formed on the BNB chart and a breakout from upper side is expected.
BNB, Two Steps from Hell!What a disastrous day. I believe the institutions / hedge funds are the ones behind the selling pressure of the overall crypto market. I believe that we, the (self-proclaimed) geeks / nerds, are hodl-ing strong. As we need the gigantic institution to stabilize crypto position in the public, it has become a double edge sword of "price manipulation" such as this.
Anyway, BNB still has a somewhat (weak) bullish sentiment from the chart. We could clearly see two bottoms which we could use as support areas. As long as BNB are not closing below those areas, the bullish sentiment could be maintained. Of course, it would be better if it is moving above the $604 area. If both of those support areas are broken, well, all hell break loose.
N.B. Yes, I'm a fan of the musical group / orchestra Two Steps from Hell. Love their songs / scores. Are you also a fan? Which song / score that you like?
Is $TKOUSDT meant to be a Total Knock Out (TKO)?Classic cup and handle pattern is coming up for TKOUSDT, just wait for the tea to brew. Potential +160% mid term, +1457% long term. According to CoinMarketCap (2021) , Tokocrypto and the Toko Token claim to bring revolutionary technology to the financial world in Indonesia. As the first company to employ blockchain technology and hybrid token functions in a single platform, Tokocypto brings decentralized finance (DeFi) to the general public in Indonesia.
Hope we're gonna have great Q4,
RK
DISCLAIMER ON
This analysis is not financial advice. Please note that you are responsible for your own investments. This chart only represents my opinion and view about cryptocurrency market in general and may be used only for educational purposes.
$TKOUSDT Potential RoadmapAn updated outlook on Tokocrypto from my first $TKOUSDT published analysis.
1st post on (28/10/2021)
DISCLAIMER ON
This analysis is not financial advice. Please note that you are responsible for your own investments. This chart only represents my opinion and view about cryptocurrency market in general and may be used only for educational purposes.
Trade of The Week | Trend-Following Trading 🔥🔥🔥
Hey traders,
Here is a great trend-following trade that I caught on Binance Coin this week:
After a bullish breakout of a major daily resistance level, we saw its retest.
Approaching a broken supply zone I was looking for a confirmation to buy the market.
My confirmation was a triple bottom formation on hourly time frame.
I bought the market on a retest of a horizontal neckline.
Then a strong bullish rally started.
+15% of pure profit!
Did you catch this move?
❤️Please, support this idea with like and comment!❤️
Binance Coin (BNB) - November 26Hello?
Welcome, traders.
By "following", you can always get new information quickly.
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(BNBUSDT 1W Chart) - Mid-Long-Term Perspective
Above 118.0 point: expected to continue uptrend
Above 332.4 point: Expected to create a new wave.
(1D chart)
First resistance section: 632.6-674.1
Second resistance zone: near 757.2
First support section: near point 507.9
Second support section: 341.7-383.3
The 390.1-637.7 range is an important section of this uptrend.
So, if the price is maintained above the 637.7 point, it is expected to renew ATH.
A decline from the 390.1 point is likely to turn into a downtrend, so you need to think about how to deal with it.
The first resistance section is an important section that determines the trend.
Therefore, we need to see if we can move above or above the first resistance by around December 28, the next volatility period.
If the price falls below the 588.0 point, a short-term Stop Loss is necessary as the price may fall below the first support level.
However, as you get closer to the first support section, if there is a sudden movement, it may rise, so you need to trade carefully.
The second support zone is a very important support zone for continuing the uptrend.
Accordingly, if it falls from the 332.4 point, Stop Loss is required to preserve profit and loss.
However, if it does not fall below the downtrend line, further uptrend is expected, so countermeasures should be considered.
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(BNBBTC 1W chart)
Above 0.004813 point: Expected to create a new wave.
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We recommend that you trade with your average unit price.
This is because, if the price is below your average unit price, whether it is in an uptrend or in a downtrend, there is a high possibility that you will not be able to get a big profit due to the psychological burden.
The center of all trading starts with the average unit price at which you start trading.
If you ignore this, you may be trading in the wrong direction.
Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to regenerate themselves.
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** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly as price and volume move.
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-O and MRHAB-B indicators used in the chart are indicators of our channel that have not been released yet.
(Since it is not publicly available, you can use this chart without any restrictions by sharing this chart and copying and pasting the indicators.)
** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
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BNBUSDT Technical Analysis💎 BNBUSDT is under 2 major resistances on H4. After the breakout it is expected that it goes higher. We might see a pullback before the pump
🌐 Tradingview
💵 Invest Only 5% of your Portfolio
🎳 Entry/Pullback now or from 635.3 - 599.5
☕️ TP1 690.9
🍺 TP2 746.1
🍻 TP3 803.8
🍾 TP4 850.0
🍷 TP5
🍹 TP7
🎁 TP8
🚫 SL 599.5- 562.1
Good Luck 🎲
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