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Binancecointrading

BNBUSD: Neutral on 1D but ready to explode.Binance Coin may be neutral on its 1D technical outlook (RSI = 50.922, MACD = 14.240, ADX = 37.132) but this consolidation is a build up to a potential price explosion, as the market tested and held the 1W MA50 in August. This is a similar pattern followed in October 2020 and before that in 2017, which led to the cylical rally to a blow off top. On each Cycle it is logical that the rallies will be shorter (diminishing returns). The first rally covered a full 1.0 Fibonacci range, the second 0.5 and it won't be unrealistic to expect 0.25 this time (50% less each time). Consequently, we expect the 1.75 to be reached this time (TP = 4,500). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CRYPTO:BNBUSDLong
by InvestingScope
1
Binance Coin: Ready 🙌With the low of wave (2) in magenta, Binance should have finished a longer descending phase. Thus, we expect the altcoin to advance significant upwards movement, heading for the resistance at $398.20. This mark should be conquered in due time, so that the top of wave (3) in magenta can be reached. However, a 30% chance remains that Binance could slip below the support at $220.50 and develop a new low in the form of wave alt.(2) in magenta before it can continue the ascent.
BINANCE:BNBUSD
by MarketIntel
BNBUSDT Short! Fib Target 200-220Good Day Traders! If you Find my Charts useful please consider a follow and a thumbs-up as it motivates me to share and grow with you! - We have Hit every target of my previous ideas with extremely high accuracy - Next target will be 200-210 or 200-220 according to my analysis - Highest buy volume sits between 200 and 220 range - If we do not find resistance at these levels we can expect a drop to 130 range - This is just my current idea. - There is always a huge chance of different patterns taking shape in these ever-changing charts. - Trade responsibly. - Be focused. - Have a plan. - Stick to the plan. - No FOMO. - Take the time to study YOUR own charts and come up with your own ideas as you are going to trade with your money. - Never trade what you are not willing to lose - Remember Stop-loss is your friend. - Smile! - Good Trading and Good Luck If you Find my Charts useful please consider a follow and a thumbs-up as it motivates me to share and grow with you! BINANCE:BNBUSDT
Short
by dstvst
BINANCE COIN: The key level that will decide the trend.BNBUSD is trading inside a Channel Down since September 2019 currently testing both the Lower High line as well as the MA200 on the 1D chart. Levels to watch: - The Resistance levels are 21.9000 and 24.0000 while the Support levels are 12.7000 and 11.8000. - The Channel Down is making the first important test of the mid December uptrend on the Lower High and MA200 on the 1D chart. - The MA50 provides support when the price is trading near Lower Highs but when it breaks, strong downtrend starts. - The MACD is starting to reverse, as it did in November. Projection: - BNB is at the moment neutral as even though it is trading within a long term Channel Down, it is close to the MA200 on the 1D chart, breaking of which constitutes a trend change but a rejection can deliver a new low. For that reason we have set a break out level at 16.2500: a bounce there will start invalidating the Channel Down and may lead to testing the Resistances, while a break below (as well as the MA50) will most likely repeat the Channel Down pattern of Lower Lows. If you like this idea give us a like, follow and share your thoughts in the comments section below. Remember to stay tuned for future technical analysis , news, updates, and more from PrimeXBT!
BINANCE:BNBUSD
by PrimeXBT
1