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 :)
BNBBTC
BNB - Consolidating! Looks good. (As you asked)BNB (Binance Coin) has been trying to break this ATH resistance for a week now!
The good part is that consolidation around the resistance area is always good. it's a sign of pump.
Considering the fact that alt season has started: Binance coin is building up a strong buy volume for a big pump.
I'd open my long position right after the first confirmed price above $640.
⚠️ NOTE: This usually happens when a coin gets hot on crypto platforms: it might go down by a little and then get back up to a new high.
Good Luck 🎲
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BNB has pumped a lot and will pump even more!1. Biggest exchange
2. Exchanges coins are hot after getting destroyed harder than many others
3. Only other way to get exposure to exchanges as Coinbase IPO is hot
4. Natural demand from the products Binance offers
5. BSC has grown quite a bit and might grow even more as people migrate from other chains and especially Ethereum
6. Lots of BNB trading pairs and BNB is listed on several exchanges and can be used outside Binance
Chart looks super strong, with the previous ATH in BNBBTC turning into support and now BNB making a higher close. Very promising!
From now on I'll be sharing a lot more stuff here on tradingview. I have no idea why I wasn't doing in before and kept it only for long posts. Now that things are moving so fast, I'll keep posting quality setups. Not much fluff, straight to the point, easy to understand. Before that I was doing it mostly on Twitter and Telegram, but now I'll share more here. It is a shame I can't show coins I talked about a lot in the past and people to get to know me better, but it is a fresh start after being on this platform for 4+ years.
BNB to new Price Discovery 🚀🚀✅ BNB has Broken out Its previous resistance which was around 600$ and has completed its resistance area as support. Now It's ready to new price discovery 🚀🚀
✅ BNB has broken out a bullish flag. So according to the rull TP should be around 900$🚀🚀
✅MACD bullish Crossover supports BNB's bullish Structure 🚀🚀
✅If BTC remains stable,BNB Must be 900$ soon🚀🚀
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BNB to 2000 USD by December 2021So I had another closer look at BNB using the 10.618 secret.. and I found some even higher targets on BNB up to 2000 USD
what i did:
assuming it is going to stay in the channel
I drew lines on all 3 / 9.618 targets to see where approx they will hit the top of the channel. then i used the Trend based Fib Time tool to see if i can nail down the time as well.
For the starting point i choose the first pump candle. 2nd i take the approx point where the highest target hits the top of channel and the 3rd point i put also at the same point with the first pump candle. same as the starting point.. it gives us 3 vertical fib time lines.
further i copied the pattern of the existing candle history and stretch it out in the channel to match the tops with the future targets and vertical time lines.
this could be a real possibility as market often moves in 5 waves.. on this chart you can clearly see 5 waves.
i am not saying this has to play out exactly the way i see it but I see stuff and I share it. This is not financial advice and only for educational purpose so you do with it whatever you please.. it will be very interesting to see if and how this plays out..
Note that the tops could be anywhere between the 9.618 and the 10.618 so this might not be 100% accurate but should be pretty close. very curious to see this evolve..
I already had a active BNB idea but because I obviously have found additional more interesting stuff I decided to create this additional idea so we can track it nicely with the play button instead of just updating the old idea with an image..
In case you wanna check out the old idea with the 1000 USD target you find it here
BNB/USDT Ready for $800 or $300 ... must read with carefully#BNB/USDT TA Update:-
$BNB currently trading at $593
And went upto $615
As per my TA short position is exited at $590 ( which was our stop loss )
Now...?
Keep an eye on $590 level.
If price sustained above $590 then we can see $800 also.
But if again close below $575 then again I will Bearish.
So I always suggest trade only after confirmation.
I never want anyone loose your fund.
Level for Watch:-
Support:- $575/$430
Resistance:- No resistance
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BNB - Testing the ATH! (Long-Term & Short-Term)Binance Coin is retesting the resistance for the third time.
Since it's an ATH, it makes this area really strong for rejecting the price down.
But since the Bitcoin Dominance has reached below 50, the Alt Season has officially begun which leads into a big pump and breakout for most backed alt coins.
Once the price broke out the resistance, you can open long positions and aim for the target which I've shown on the chart.
⚠️ NOTE: This usually happens when a coin gets hot on crypto platforms: it might go down by a little and then get back up to a new high.
Good Luck 🎲
Tell me your ideas. Like and Share 🗣✅
BNB Sell the downtrend.BNBUSDT - Intraday - We look to Sell at 584.8 (stop at 608.2)
The trend of lower highs is located at 585.
Early optimism is likely to lead to gains although extended attempts higher are expected to fail.
We look for a temporary move higher.
Trend line support is located at 510.
Our profit targets will be 515.7 and 485.7
Resistance: 580.0 / 600.0 / 614.0
Support: 550.0 / 530.0 / 500.0
BNB/USDT Bearish TA update and Our short entry was $570#BNB/USDT TA Update:
$BNB currently trading at $552
And went down to $539
Mean our top entry was $570-$575
Now..?
Still I am bearish on $BNB
But only when it’s trading below $590
So I am expecting $486 and $440
Again I will suggest you never be FOMO
Always trade with good confirmations.
Support:- $486/$438/$354/$296/$251
Resistance: $589 / Moon
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I trade BNB against BTC at the bottom of the ascending triangleYesterday I took a trade BNB against BTC at the bottom of the ascending triangle. Normally I place a trade the moment the price breaks out of a triangle, but in this case I got in early for two reasons:
1. we are in a bull cycle!
2. it is a very clear pattern
I expect the coming months a lot of opportunities in alt coins. I trade alt coins to accumulate Bitcoin. This is my strategy for the coming period.
My first target is just below the 0.011800 based on Fibonacci level and the measured move technique.
From there I a will see what price action does. If it is still very bullish I will wait to sell, otherwise I might sell 50% or so. If there is a lot of resistance and it looks that the price will drop first, I might take 100% and get in again at the dip.
My current stoploss is 1 ATR under 0,008072, which is very low. I do this because i'll keep monitoring the marked and might get out if the triangle is broken at the downside. And BTC dominates the market, and I do not want to get stopped out when Bitcoin dips and bounces. The stoploss in this case is only to protect my trades when it all turns really ugly and I am asleep.
BNB/USDT Ready for $300...? What is chart saying.?#BNB/USDT TA Update:-
$BNB currently trading at $561
And this is looking good for Fresh Short entry.
Why..?
As per TA chart is looking Bull Flag but My psychology is saying we can see down Trend.
So also ready for both scenarios.
Now I am shorted $BNB at $561
And if candle close above $585-$590 then I will exit from short and Long Target will be $850-$900
Only when if closed above $590
I also ready for both scenarios after confirmations.
Entry:- $561-$575
Targets:- $486/$438/$354/$296/$251
Stop Loss:- Strictly recommended If price close above $590 then I will exit from short position.
Support: $486/$438/$354/$296/$251
Resistance:- $589 / Moon
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Thank you.