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BNBBTC

BNB Short Term Bullish + Breakout? (+33% Potential Profits)Hello Fellow Traders, Today we are looking at Binance Coin ( BNB/BTC ). As we can see, this coin peaked on its last bullish wave at around 31500 satoshi. Since then, there has been a strong correction back down to the 100 EMA. Prices are now trading above all EMAs now, a strong bullish signal. Additionally, we see some large buys and increasing volume , another bullish signal. The MACD also given crossed on Oct 12th, and the RSI is well above 50, both of which are bullish. Finally, here on the 12H chart, we can see a small ascending triangle pattern forming with little overhead resistance, until the most recent high. However, a breakout above this level could trigger some decent growth and allow for new 2020 highs to be set. A potential short-to-mid term trade setup now could be: Entry: 25750-27500 Support: 23000-24750 Take Profits: 1 - 29250 (+9%) 2 - 31275 (+14%) 3 - 36795 (+33%) Leave a like and share your own thoughts and comments down below if you liked the post. Also, follow me for more ideas! Check out some of my others down below. Price at writing: 26625 satoshi.
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by PS_TopDollarInvestments
1
BNB/BTC retracted to perfect buy in zoneBinance BINANCE:BNBBTC is the best crypto exchange with proven authority and constant updates over the past years. Shortly it became the biggest CEX and released their coin to handle the most volume they direct through their services. Although now we see the DeFi craze and launch of new DEx like Uniswap BINANCE:UNIBTC that are releasing their own token as binance, they need time to mature and find a decent support price before considering it a good buy. You can’t go wrong with entering at 0.618 fib retrace lvl . This dip might be the last before the next leg up. NEW NORMAL We are entering a new era Where live gives us endless opportunities Old things become outdated Outdated business die You grow with this new normal All common things changes Adapt to the new reality The new world, the new YOU!
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by Crypto_Burns
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Will the popular Benign Coin continue to grow against Bitcoin?Hi everyone The MacD indicator is getting positive. The CCI indicator has passed the number 100+ and is now 108. The RSI indicator is still a long way from being saturated. Price behavior in daily timeframes during the last 4 days has been positive and so far has shown a growth of 8%. All the conditions are in place for good growth to continue. Provided that the price can be closed above the current resistance number of 0.002735 in the daily time frame. Good luck .
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by mansour1978
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This is why The Binance Coin (BNB) Won’t Stop Bullish RallyHey friends hope you are well and welcome the new update on Binance coin. As in my previous post on BNB, I showed that the priceline of BNB coin has formed different harmonic patterns in US Dollar market and the Bitcoin market as well. Now finally by the grace of Allah the most high the price action has moved up and surged more than 98% and both ideas are executed perfectly as per their Fibonacci sequences as below: Previous article’s Gartley move with US Dollar pair: Previous article’s BAT move with Bitcoin pair: On small time period 4-hour chart, since 27 Sep the priceline was moving in a bullish pennant. Now finally it has broken out the resistance and likely to move down to retest the previous resistance of the pennant as support. The priceline of Binance coin is moving above simple moving averages with the time period of 25, 50, 100 and 200 and using these SMAs as support very well before the next rally. On long term weekly chart the priceline is moving in an up channel as below: On weekly chart it can be observed after March 2020 the price line of BNB has surged more than 420% and broke out the ichimoku bearish cloud. At this time the lagging span of ichimoku cloud is moving above the price action and the cloud as well. The conversion line has crossed up the baseline and this bull cross is still in play below the candlesticks of Binance coin price chart. The Ichimoku cloud is also turned bullish. Conclusion: All indicators and patterns from daily to long term charts are giving bullish signals. However, we should use the support of the up channel on weekly chart as stop loss to minimize the risk facor.
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by moon333
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