BNB-BTC
Is Ethereum ready for the pullback ?Hello everyone,
As always, I hope you are fine.
I expect a pullback for Ethereum on the support area between $190 - $220.
We can see that the RSI is going to be oversold and it will be probably one of the best opportunity to " buy the dip " .
Ethereum is currently creating a pullback after have grow by more than 300% since December.
Correction is necessary to build a strong bull run.
I really don't think that we will nove have an " Alt-Season " like 2017 , but I'm confident for Ethereum even if Binance and BNB is killing the game.
Wait and see .
Slight BNB bounce, and short opportunityBNB is bouncing from support, and will probably go to retest the support trendline it broke down from around .0036-37 sats. There's some nice confluence with MAs around that point, so I lean towards it getting rejected from here. I'd short the retest of the trendline.
The Ballsy BNB TradeGood afternoon folks! After calling the top on the Bitcoin ratio for Binance Coin (BNB), I suggested a large bounce could occur in the wake of the Binance hack news. That played out nicely, but BNB failed to reach past 45000.
In my recent video, I talked about how I think BNB is reaching a "last chance" bounce zone. This is because it has JUST wicked off the long term rising log trend support that dates all the way back to 2017, when it first came on the market. That's right. BNB has never been in a downtrend against Bitcoin. What this also means is that if it breaks below current support (right at 31000, perhaps with some wiggle room down to 30000), it will be a change of trend for BNB, and it will look bearish against Bitcoin for the very first time. This is extremely significant.
To be clear, either direction is possible here, though I'm posting it as a long setup. Here are the potential trades I'm seeing:
BUY - NOW or near 31000
Stop Loss - below 30000.
Potential target SELL areas -
37000
40000
45000
50000
75000+
OR - you can SHORT/sell the breakdown below 30000 as it could be pretty massive (confirming the end of the uptrend for BNB).
Previous BNB charts linked at bottom.
This is not financial advice. I am not making this trade, since BNB isn't part of my long term portfolio and I'm happy with my positions. This is for educational purposes, and to show what a potential setup would look like. What you choose to do is up to you.
-Victor Cobra
BNBBTCDue to the high of #BTC there was a 13% drop in the last few hours losing the RSI LTA, but support at 0.0036986 managed to hold the price well. The formation of two hammers in a support region reinforces movement to high. The price can go for regions between 0,0040966. We will have to see how the BTC will behave in the coming hours and how that will influence the BNB.
MATIC/BNB - BUY and w8 the break point to sellA new trend it's coming, keep follow the movement to boost your portfolio (profit range 10%).
Next PUMP or DUMP at breaking point.
BNB-BTC Inv-H&S in the making?Here is BNB set up I see. (Target=0.006 BTC)
Inv-H&S (Continuation pattern) in the making on Daily chart, volume looks very healthy and RSI comfortable in the neutral zone.
Plenty of support below (multi-60 EMA ribbon giving very good support range), also 60-EMA in yellow is holding price very well.
Caution:
> If BNB breaks below 0.0035-0.0033 BTC range then this pattern might be invalidated (I will try to keep this post updated)
> This is a long term set up so have patients and wait for this pattern to mature.
BINANCE COIN POSSIBLE BUYPrice is been on a strogn uptrend on the hogher timeframes after breaking the strong resistence of 21.00 so right now we have seen how price have respected perfectly the 4h asceding channel and if we just got a nice reversal pattern after a 3rd test to the mentioned area confirming a possible new high so lets see if we canreach 40.00 this time
WAVES/BNB - OVERSOLD - VOSTOK IS COMING!Hi, today we are going to talk about WAVES/BNB!
In this chart, we observe an excellent opportunity of buying in the long term (Time Frame: D1). Details are highlighted above.
Thanks for reading, and have good trades
BNB/BTC cross plays ahead of speculated altcoin decoupling.BNB/BTC stickiness might be something to watch for in the future, but as BTC bulls rally on to 5,700 resistance before a 6,000 breakout, Binance yet lacks the heft to overtake Bitcoin as influencer. On cursory analysis, BNB appears to be entering a short period of ranging, but whether this actually happens may depend largely on BTC's continued effect on the altcoins, taking to a trend cycle with robust volatility to keep BNB's home mill on the upswing. As the market for crypto continues to grow it will be interesting to see if BNB will remain neutral enough to benefit from global participation.
Of course, this is all speculation, I have more questions than answers about this market, but what do you think: What factors make BNB vs. BTC so exciting, and what plays should traders be considering, and where?
BINANCE COIN (BNB) bumpity bumping against ATHEveryone is saying BNB has risen enough and needs a correction. Perhaps they're right - the resistance at the all-time-high is indeed strong, and my finger is still hovering over the sell button. BUT, as with Bitcoin, Ethereum, Ripple and so many others in 2017, reaching an ATH is sometimes just the beginning. Markets are held back by 'overhead supply' from people who bought long ago. They wait until the price rises back to the point they bought at and then they sell. Once the ATH is breached, there is no more overhead supply. That can set a coin free to fly like a bird. Fly, little birdy, fly!
BNB thoughts Here is my current outlook on BNB. Nice price recovery so far as anticipated with the next IEO coming up in just over a week. I do not anticipate a dump in the next few days. Price should at least hold near these levels. If we see a continued pump toward ATH I would take profits around .0044 and buy back lower after post IEO sell off. My targets are outlined as scenario #1. If we stay range bound (see: yellow box) leading up to the next IEO then .00394 might be about as good of a price one will find to get out. If this is the case I anticipate a much stronger sell off; scenario #2. Regardless I would not be holding through the IEO unless you are a long term HODLer.