Binance has broken the upward movement 😱😱For a couple of weeks, Binance has been moving in an uptrend channel.
The price broke through the important level of $326, tested as support, and rose to the level of $350. There, Binance met a very strong resistance zone and corrected towards the 320$ level.
The price has now broken down the uptrend channel and dropped below the important 326$ level. If the price comes back and tests the lower level of the channel as resistance, it could be a good selling opportunity.
Write in the comments all your questions and instruments analysis of which you want to see.
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
Binancesignals
#BNB Analysis#BNB Analysis🧩//
BINANCE Token looks Bearish📉 and we could see a move down to the daily support area at 261$ and we might see it bouncing over the Black resistance if the #BTC price did a small bullish retracement but either way I see a good entry at 262$ (Above the daily support) for long buyers!
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ISMASHPROFIT 💎
#SOLANA Analysis#SOLANA Analysis🧩//
$SOL looks Bullish either WAYS the BTC dominance is slowing it's price movement but Solana on of the best tokens out there and it's performing well in the last 11days facing our resistance level at 37.800$ after that we saw a small bearish correction and a pullback near the 32$ price level the $SOL price might face some struggles breaking the 37.800 resistance level and might close below 30$ level and go all the way down to 20$ price level which is a good entry for long term holders to get into this strong token (fundamentally).
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ISMASHPROFIT 💎
TOMOUSDT Swing Trade Setup!TOMOUSDT Technical analysis Update
TOMO /USDT currently trading at $2.73
Flag Pattern Breakout
Buy level : Above $2.71
Stop loss: $2.57
TP1: $2.83
TP2: $2.90
TP3: $2.99
TP4: $3.32
Always Keep Stop loss
Note: please do your own research before investing. Never invest money that you can't afford to lose.
NKNUSDT Resistance Zone Breakout.NKNUSDT Technical analaysis Update
NKN/USDT currently trading at $0.2550
Resistance Zone Breakout.
In the above chart, price multiple times touched resistance after continuous consolidation finally we can see the resistance zone breakout.
Buy level : Above $0.250
Stop loss: $0.209
TP1: $0.2828
TP2: $0.315
TP3: $0.345
TP4: $0.405
TP5 :$0.0.450
Note: please do your own research before investing. Never invest money that you can't afford to lose.
BNBUSDT Triangle FormationBNBUSDT Technical analysis Update
BNBUSDT currently trading at $312
Symmetric Triangle Formation
BNB 30% up from the bottom after big up move i's consolidating from four days and formatting symmetric triangle, I'm expecting BNB up trend will continue...
Buy level : Above 316.00
Stop loss: $304.00
TP1: $322.00
TP2: $332.00
TP3: $340.00
TP4: $360.00
ALWAYS KEEP STOP LOSS
Note: please do your own research before investing. Never invest money that you can't afford to lose.
UNFIUSDT Good Buy!UNFIUSDT Technical analysis Update
UNFIUSDT currently trading at $8.90
Triangle Formation
In the above chart, you can see the triangle pattern breakout from its resistance and the price two times touched below the support line. 23rd July peak (resistance) acts as a support for this triangle pattern. I'm expecting the price goes up from the support.
Buy level: Above 8.60
Stop loss: $8.010
TP1: $9.45
TP2: $9.70
TP3: $10.35
TP4: $10.95
Always Keep stop loss
Note: please do your own research before investing. Never invest money that you can't afford to lose.
Binance - a potential trade 🧨🧨A potential trade on the Binance chart. While drawing the idea, the price broke through the triangle. Before that there was a squeeze to the upper boundary of the triangle, this is a good signal before a breakout. Targets are marked above, most likely price will come there as there is a large liquidity zone.
Write in the comments all your questions and instruments analysis of which you want to see.
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
Binance - a potential trade 🧨🧨Yesterday bitcoin was up 11%, which is quite a strong move, after which most altcoins started to rise following bitcoin.
Now on the smaller timeframes, we can see formations for a continuation of the local trend.
Just on Binance one of them appears, if bnb breaks the upper boundary of this formation and tests it, it could be a good opportunity for a local move up into the area noted above.
Write in the comments all your questions and instruments analysis of which you want to see.
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
AXSUSDT Flag Pattern!AXSUSDT (1H CHART) Technical Analysis Update
Flag Pattern
AXS/USDT currently trading at $42.68
Buy-level: $41.75 - $42.70 (Wait for the small retracement)
Stop loss: Below $36.53
Target 1: $45.35
Target 2: $48.00
Target 3: $50.00
target 4: $55.00
Target 5: $60.00
Max Leverage: 3X
ALWAYS KEEP STOP LOSS...
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ZENUSDT Wedge Pattern Formation!ZENUSDT Technical analaysis Update
ZENUSDT currently trading at 53.75
Wedge Pattern Formation.
You can see in the chart four times it reversed from the resistance line and three times bounce back from the support downtrend line. After 60 days of continuous 75% correction finally, it breaks the wedge pattern (resistance line), we can confirm this breakout because the daily candle closed above the resistance line and volume also increased compared to the last 30 days. I'm expecting a small retracement in few days after that we can expect an up move.
Buy level : $50.00- $55.00
Stop loss: 39.00
TP1: $72.00
TP2: $85.00
TP3: $115.00
TP4: $160.00
TP5: $200.00
Note: please do your own research before investing. Never invest money that you can't afford to lose. Every investment involves the risk of losing the entire invested money.
Binance coin- Best place to sell for 200usd targetAs I anticipated, BnbUsd broke under 300 figure.
Now the coin is trading at 264, and a correction/rebound could be a good opportunity for bears
280 could be the sell zone and 200 could be the target
Binance burned coins! What's next, a 20% drop? 🔥🔥Binance has burned $390 million worth of coins.
If you watched our last analysis on Binance, in which we broke down the entire coin burn history, then you know that out of all 13 coin burns, bnb fell 10 out of 13 times, by an average of 15-20%.
If you look at it from a technical analysis perspective, bnb has broken the trend line and tested it as resistance. The nearest support level below is at 233$, from the current values it is more than 20%, which is quite possible for this scenario.
Write in the comments all your questions and instruments analysis of which you want to see.
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
🚧 Binance is going to burn $1 billion 🔥🔥Binance coin will conduct a coin burn in the coming days, and from a fundamental point of view, this is pretty good news, as demand increases as supply decreases.
Let's take a look at how the price has historically reacted to this process.
Statistically, after burnout, the price falls more often than it rises. 10 out of 13 burnout cases ended up with an average price drop of 15%, and only in 4 cases did the price rise.
This time is likely to be no exception, and the price will also react to this burnout.
This proves once again that news does not always have a positive effect on price movement, and the first thing to do is to work on the trend and understand the price dynamics. Only knowledge will help you do that, and Biko Academy will help you with the knowledge.
Write in the comments all your questions and instruments analysis of which you want to see.
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
BITCOIN READY FROM $30,500Bitcoin is in a range ($36,500-- $30,500) from 18 June 2021. And recently break its latest swing at 32800. So, According to my analysis: - - - - -
" if the price will retrace from here & unable to go up, fall & break the $32800 level again then We can create a Short position with the target of $30,500 or 1:2 reward ratio."
REMEMBER: Always do your own analysis before entry & take only 2-3% of risk per trade.
BEST OF LUCK
HAPPY TRADING
BNB Technical analysis , what is next?Technical analysis is one of the many tools available for traders. Technical analysis examines the history and records of a particular coin along with its price charts and trading volume. To teach technical analysis, you can refer to our article in Bitcoin Digital Currency Academy entitled What is technical analysis and what is its use?
BNB digital currency is always considered as the biggest and most important Altcoin after ETH.
At BitPin academy, we analyze many coins every week.
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