BNBUSDT(1H CHART) Channel breakoutBNBUSDT(1H CHART) Technical Analysis Update
Channel Breakout
BNB/USDT currently trading at $327
Buy-level: Above $325
Stop loss: Below $289
Target 1: $348
Target 2: $389
Target 3: $424
Max Leverage: 2X
ALWAYS KEEP STOP LOSS...
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Bnbanalysis
BNB, Binance Coin - the best zone for buying is...You can see on the chart where is a big accumulation area(230-280$ per coin). And u can see how price bounced from it. A lot of players opened positions there. If the price goes down to this zone again, it will be a good chance to open a long position on the spot.
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
BNBUSDT i.using the fibs from January's expansion, price is consolidating at equilibrium 365zone (fibs 50%)...
ii. price got rejected twice around 290-279zone(fibs 62%) indication a possible push back up but the equilibrium zone is a major hurdle as well as 443zone (fib 38%), 413zone, 485zone
iii. A break below 350zone (S turn R) exposes 244zone and further breakage exposes price to 190 order block (4hr), Sweet Spot
iv. a break above 486 zones/4hr trendline would expose the 553 (fibs 78%) leg up
blue lines indicate buying opportunities, Redlines indicate hurdles on the way up or selling opportunity
Not a financial advice, just my thoughts
BNB 12h Action Plan for the coming weeksYesterday on the cryptomarket clearly reminded everyone what a crypt is and that, in addition to growing, it can also fall very strongly. Because a year of non-stop growth in the crypto market dulled the feeling of fear, caution and discipline in traders.
Now to BNBUSDT
In the previous global idea BNBUSDT, we wrote targets from above and the price did not reach $30 to the first of them, the maximum was $691 with a target of $720
And then the problems began, and we warned that below $400 for BNB would be very painful for a deposit.
In general, the price of BNBUSD fell by -45% yesterday and this is the average result of yesterday's fall on the cryptomarket, because some alts showed and -60% -75%.
BNB price reached the first liquid level of $275 and bounced briskly, below we had $210-230.
And a few days ago there was a short-term idea and here is its development:
If we look at the BNBUSDT chart today, you can see that buyers managed to close the bodies of two 12h candlesticks within the channel, and the lower shadows indicate liquidations.
This arrangement makes it possible to assume that the price BNBUSDT will bounce up to $480 in the near future , and then it will be necessary to closely monitor the behavior of the price and the general situation on the market.
After all, further, the price behavior around the $400 level will again be decisive.
If sellers are able to keep this level, then the way will open for growth again to $680
If the level of $400 does not hold back the onslaught of sellers and possible negativity in the market, then from below it will already be necessary to focus on $140-145.
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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!
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BNB - 6h. Another test $585-600 and an increase of 20%The fall in the price of BTC overnight made BNB investors a little worried. For a while, sellers were able to feel strong and broke through the range of $585-600 . However, their initiative ended too quickly. As a result, both Bitcoin and BNB fell by 20%.
The triggering of the buyer's stop orders did not help the sellers to impose their struggle. If we look at the 15 minute timeframe , we see that after a sharp wave of falling enthusiasm, there are no sellers left:
As we can see from the trading volumes, when the price approached the range of $585-600, the trading volumes increased . After a false breakout of this liquid zone, a new wave of decline began at minimum volumes . These facts indicate that large buyers gained their positions on this fall.
If you look at the 12 hour timeframe , you get the impression that nothing happened on the BNBUSDT market:
A small false breakout of the range of the previous historical high and a test of the middle line of the white growth channel - that's all that happened in a few hours.
A retest of the range of $585-600 at low volumes will allow you to buy this coin with the first target in the range of $720-750.
An alternative scenario will come into play if sellers manage to push the price below $ 585-600. In this case, a deeper correction in the BNB market should be expected with an ultimate target of $410-430.
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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!
BNB/USD SYMMETRICAL TRIANGLE 4 HOUR CHARTHi guys!
BNB/USD chart I posted yesterday in my groups a Small Symmetrical Triangle what also sees in this chart. And we have a big potential Symmetrical Triangle as you can see and with the small one Should we make the breakout from the big one or get a reset we are still in the big one. I think the BNB will come to a new ATH if BTC behaves well and continues the uptrend :-) If we reach the target of the small symmetrical triangle I will take some profits there and if we have the breakout from the big then with confirmation again increase the trade as my entry is very far down.
Good luck with the trade :-)
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BNB in a symmetric triangleDescription :
As you can see, BNB is in a triangle. A symmetrical triangle.
But there are currently two modes:
1- Break the triangle upwards
2 - Break the triangle down
Option 1: Climb to the size of the base of the triangle
Option 2: Reduce the price by the size of the triangle rule
In this case, the situation depends on bitcoin. If Bitcoin declines, the second option is more likely, and if the uptrend, the first option is more likely.