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Bnbbtclong

BNB Possible Long!BNB has a high probability of being a good Long. Let me explain my reasons. First of all, if we apply the Fibonacci retracement from the beginning of the parabolic bullish movement we can notice a great growth in BNB being that this retracement has led it to test 0.618% which is a fairly good zone in liquid currencies to initiate a possible Long . This means that BNB has a high probability of staying above these levels. In the hypothetical case that BTC and the bulls manage to reduce the bearish force a bit. If we talk about indicators we can denote that the RSI has touched the lowest levels since the beginning of the bearish in all cryptocurrencies due to the panic. Currently the reports show strong purchases, but the bearish force is still there and everything indicates that they do not think to reduce their trend. But the RSI indicates oversold and is starting to regain strength, if we manage to retake the 50 level, it could be a good sign for the bulls. What worries me a bit is the MACD issue, as we see this fall, it led BNB to bearish levels that it had never had before, taking it to the value of -65. This being quite negative, currently in the macd we can see loss of bearish strength, but are they really losing strength?, The values are still negative, this could be a false upside at this point. If we talk about supports and resistances we can denote that we have tested the support that BNB took at the beginning of the bullish from 240 to 600. This being a clear buying force at these levels. And based on MD Lines we could say that we already started a bullish of 6-9 candles, currently we have 2, I would expect the 537 level as a target since in this area, we can see quite a strong selling force. Which could indicate that the bears are waiting to open more positions. Currently in BTC there are 1087 shorts according to CFTC. So personally I'm not that positive, but the bulls are gaining ground. I will open a small position using 2x and settlement at 0. It should also be added that we can visualize a perfect test of the 200-day moving average, which gives me some confidence to open this position.
Long
by UnknownUnicorn18500526
3
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
Long
by Candle_Styx
Is BNB forming a potential Head and Shoulders pattern?BNB has been performing outstanding for some time now. Also as predicted in out earlier Idea that BNB could potentially touch new ATH. However what is interesting to see here is that BNB could form a potential Head and Shoulders pattern, if it manages to touch the Neckline. Neckline is till below its usual upward moving channel. However if BNB breaks lower part of upward channel (Green lines) then it will be officially in an H&S pattern. If this is the case then we might not see another ATH any time soon. Going by the pattern we have two scenarios here: Scenario 1 (Red Path) - BNB to continue its journey and breaks current ATH to create a new ATH. Scenario 2 (H & S Pattern) - BNB to stay below current ATH and could potentially break S1 and then try to recover between S1 & S2. May be next couple of hours could give us much more clear picture of where BNB is heading. If you like my analysis then do drop a LIKE and a COMMENT. Also dont forget to SHARE it with your friends. Also dont forget to smash that FOLLOW button to get daily analysis of multiple crypto currencies NOTE: These are my personal notes and in no way a financial advice. Do your own research and trade wisely.
by Manjyot
2