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BNB - 6h. Loss of the range of $585-600 and continued fallHello colleagues! Considering the situation on the cryptocurrency market, today we decided to share our opinion on BNBUSDT. The weekend did not do any good for the BNB market at all. If recently the price of BNBUSD held up perfectly on the fall of BTC, and could move independently, this time we see a completely different situation. Unlike the other strong crypto project ADAUSDT, the BNB price mirrored all BTC price movements too obediently. The main problem that buyers could not cope with is the range of $585-600. Having lost control over this range on May 12, buyers could only confirm their weakness by arranging consolidation below the liquid range: As we can see on the hourly timeframe, after the loss of the critical range, trading volumes fell sharply during the buyers' counterattack. And a new wave of decline on May 16 began at low volumes , which confirmed the complete absence of interested buyers in this range. In general, the situation with trading volumes is rather bad. Looking at the daily timeframe, we can see that since April 24, daily trading volumes in the BNB market have dropped by half: This fact allows us to assume that consolidation continues and the likelihood of a continuation of the fall to its lower border is quite high. As we can see on the daily timeframe , it was from this range that a new wave of growth began with the renewal of the historical high. We will update our forecast based on the activity of buyers in this range. P.S. How did you cope with the weekend crash? Write your trading situations in the comments! ________________________________ We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements. Subscribe to us and get daily concise analytics!
by P_S_trade
31
Tron (TRX) Analysis and Price Predection by imRedaSouhail.This project is best described as a decentralized platform focused on content sharing and entertainment — and to this end, one of its biggest acquisitions was the file-sharing service BitTorrent back in 2018. TRON is a blockchain-based operating system that aims to ensure this technology is suitable for daily use. Whereas Bitcoin can handle up to six transactions per second, and Ethereum up to 25, TRON claims that its network has a capacity for 2,000 TPS. TRON is also one of the most popular blockchains for building DApps...The company also says that it has a talented and experienced developer team, based around the world, that has been drawn from major companies such as Ripple Labs...Which makes the price of this token a very promising one in the future.
by TopGBanks
Tezos XTZ 40% Move to new ATHs Fib Ext Pull and Fib Speed Resistance Pull Target .618 and expecting some resistance at this area before a move to the the 1-1 Extension for fresh ATH and potential continuation . The move allows for a 40% return , do not FOMO I expect a pull back when we hit the .618. or even before given BTC potential volatility. Of course determine your own entry if you cant wait for that potential prospect. ****Please also note that any ALT setup regardless of how strong it is can be destroyed by aggressive BTC moves ***** Another observation I want to make is that the areas I have highlighted are where pullbacks have occurred literally around the same time each month . 21 Jan , 23 Feb , 25 March , and 23 April . Im not suggesting that come the end of May we will see the same but its worth noting and just a pattern that I noticed had played out throughout this year . Also each major correction has pulled us into the .382 speed fan resistance or close too it . Ensure that you have a trading plan with a clear invalidation and SL Ok well Thanks for reading and any questions pls ask , Like and FOLLOW for more of my content and Analysis .
Long
by SJTRADESFUTURES
LTC Destined for fresh ATHs with a 50% move to the 1-1 ExtensionLTC making its way up from the bottom of the channel after its correction from 335$ ATH. New targets have been set with a 1-1 fib Ext pull and currently we are inside a well respected ascending channel since Dec2020. expecting some resistance at the .382 level . The TP i have labelled are examples of where i expect resistance and indications so you know where to pay yourself . Personally I will retain 25% of my long at TP3 depending on volume and other metrics at the time . Ensure you have a plan also including SL and know what you will do if BTC makes a violent move as generally ALTS will be casualtys Do Not FOMO in ,Create a calculated entry . Remember no one went Broke taking profits on the way Up Like Share and Follow For Regular Setups .
Long
by SJTRADESFUTURES
2
BTC - Short Swing Failure Pattern I would like to see a SFP of the Given targets either the first box or the second if it happens . We may drop from here but that is not the short i want to take . If the SFP happens i will be taking Profits within the 55K area where i expect support to hold . This is just a potential idea that may play out going into the weekend so its worth setting some alerts for the setup Always know your Invalidation and follow a trading Plan Support my Analysis with a Like and A Follow for more setups
BYBIT:BTCUSD.PShort
by SJTRADESFUTURES
BNB Break Strong Resistance!By 04/05/2021, there are three hottest cryptocurrencies, specially BNB. BNB break the resistance and make a new support yesterday for $638. The price is above moving average that is great and already hit the new support. So my target price is $713.3914, which is in harmonic price (1.618), and you have to enter now because the morning star confirmed in tf-15/tf-30. It needs 2-3 bounce to hit the target. So you decide to want to entry now or later.
BINANCE:BNBUSDLong
by folound
BNB to $700 shortly!Binance coin has closed 4h candle today in new all time high, making first close above $600! These are very bullish news and I can solely on this can say that BNB will move higher. Price broke above pivot high at $613.9 RSI found support at 60 and continues to move higher meaning demand is increasing and momentum is present. Daily MACD is about to give a buy signal today, no confirmation yet. I don't see a reason for a change of trend. Good luck! PS. Not a financial advice :)
Long
by TiborVrbovsky
1