Trade setup : Following a bullish break above $300 key level, price reached as high as $338 but got very overbought (RSI > 80). Now it’s pulled back to $300 support, which could be an attractive swing trade entry in Uptrend, with upside potential to $350. Stop Loss (SL) level at $285 (10% downside risk versus 20% upside potential for a 1:2 Risk-Reward Ratio). ...
Trade setup : Following a bullish break above $300 key level, price reached as high as $338 but got very overbought (RSI > 80). Now it’s pulled back to $300 support, which could be an attractive swing trade entry in Uptrend, with upside potential to $350. Stop Loss (SL) level at $285 (10% downside risk versus 20% upside potential for a 1:2 Risk-Reward Ratio). ...
Trade setup : Following a bullish break above $300 resistance zone, price reached as high as $338 but got very overbought (RSI > 80). Now it’s pulled back and is retesting that $300 key level. Upside potential to $350. Stop Loss (SL) level at $285 (10% downside risk versus 20% upside potential for a 1:2 Risk-Reward Ratio). Trend : Uptrend across all time...
Trade setup : Following a bullish break above 200-day moving average and $260 resistance zone, price resumed its uptrend and broke through out target of $300 resistance as well. Next resistance is at $350, however, price is now very overbought (RSI > 80). Hence, near-term, we’re likely to see it pause here on some profit taking. We wait for a pullback. Trend :...
Binance (BNB) technical analysis: Trade setup : Price is trading in a Sideways Channel . Swing Traders: can trade the channel (Enter near $200 support and Exit near $220 resistance). Previously, following a bearish breakout from Ascending Triangle pattern, price broke below $220 key level. That’s a level that held up in June and also in Dec 2022, so it’s...
Binance is on the verge of a complete and utter collapse. Much like the Luna collapse and the demise of FTX, Binance will be following in the footsteps of the aforementioned crypto scams. BinanceUSD will go to near ZERO as well. I firmly believe that Binance will go down as the biggest fraud in crypto for decades. Avoid it like the plague! I will be shorting...
Trade setup : Following a bullish breakout from Falling Wedge pattern, price reached our target of $340 now for 2nd time. That’s a level where it got rejected last year in August and November. Now we wait for price to either 1) break above $340 to resume Uptrend with $400 target, or 2) pull back to 200-day MA (~$280) for a swing entry in Uptrend. Trend : Uptrend...
Binance (BNB) technical analysis: Trade setup : Pullback in Uptrend. Following a bullish breakout from Falling Wedge pattern, price broke above 200-day moving average and $300 resistance and reached our target of $340 where it got rejected again. That’s a level where it got rejected last year in August and November. Pullback near $300 support could be an...
Bitcoin has been relaxed a bit for the past couple of days which has paved way for the other altcoins to thrive. Given an opportunity the Binance Coin (BNB) price may lead a significant upswing to reach $300 at the earliest. The Binance Coin price appears to be gearing up to display a massive price action as it is constantly accumulating strength within the...
Binance (BNB) technical analysis: Trade setup : Trading in a Sideways Channel. Price bounced off of $260 support (big volume) and broke above $300, but failed to hold. Now it’s pulled back near 200-day moving average, which could act as a support and be a good swing entry opportunity. Pattern : Price is trading in a Sideways Channel , which is a neutral...
📍SIGNAL ID: #037📍 COIN: BNB/USDT ( Spot / 10x ) Positions : BUY / LONG 🚨 ➖➖➖➖➖➖➖ Entry < $ 401 SL max $ 360 TP max $ 441 Falling Wedge
This is my idea about Binance Coin next move which you can see it in chart
This is a bullish sign, but more buy volume is needed to get the bull run of the last few days back on track
As the volume has decreased it has failed to make contact with the top line, although it hasn't fallen as far into the red zone as before either
Volume needs to increase in the next couple of hours to maintain support at this level
RSI is still around the overbought zone but volume is dropping
Although it has reached an all-time high once again, the gains over the last couple of days are unsustainable
Without breaking out of this descending channel, Binance Coin will remain bearish