Jumping from ETH to BNB here BNBETHETH did it's marvelous advancement leading large CAPS into ATH. Now BNBETH is at a very strong support on the daily and weekly charts. I see it is time to move the funds from ETH to BNB and ride the wave from there for BNB to advance and make new ATH vs BTC and USD and ETH along.
BNBETH
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/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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BNB/ETH at Strong Support. Levels to Watch. +++BNBETH pair has reached the low of the Kumo Cloud
which coincide with the lower line of a symmetrical
wedge. The projected Cloud is bullish, so one could expect
support around the 0.223 level. Even a breakout below
could be absorbed, due to the bullish projected cloud.
At current levels it is a wait and hold situation for
potential Eth buyers, since chances are we will see
a bounce from these levels. Only a strong break and hold
below the Cloud and wedge will be bearish and will
likely cause a strong capitulation towards Ethereum.
A bounce will first target the Kijun sen (white line)
and ultimately the upper cloud and upper line of the
wedge.
BNBUSDT stealing the show!Technical Analysis is not always 100% BUT
As DeFi stealing the show, I could see BNB in the $400+ range
The Binance chain has a working product as we speak with low transaction fees.
Keep in mind that ETH has an update that could shake things up,
The EIP1559 (Ethereum Improvement Proposal) would fix the transaction fees known as GAS fees on the network which would be a game changer for ETH and the ERC20 tokens.
Meanwhile,
We could see BNB, ADA & DOT steal the show and gain a lot of dominance in the upcoming weeks!
This is not financial advice,
Let me know what you guys think.
Is it time for BNB to rest after outstanding performance?BNB has been moving at an impressive speed over the past couple of weeks and it has touched its new ATH in April. BNB is moving in an upward parallel channel, however post touching its ATH it has not tried touching it again. Instead it has settled for 352, which indicates it might be heading for a downward trend.
However it is too early to say, if BNB is officially in a downward trend. It hasn't touched the other corner of its upward trend yet. So we will have to wait and watch if manages to break the Green parallel channel to officially enter the downward trend. After analysing all the trends, below are three potential scenarios.
Scenario 1 (Black path) - BNB will bounce back from 330-337 range and can potentially try to create a new ATH. However if it is pulled back from its earlier ATH, then it can potentially form Double top pattern.
Scenario 2 (Red path) - BNB will break green upward trend and will officially enter the downward trend. However it will be supported by S1. In this case BNB will be moving in an descending triangle, which is again an indicator of further fall.
Scenario 3(Blue dotted path) - BNB will ignore all trends and will straight way follow the downward trend channel by initially taking support at S2.
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BNB stealing directly from ETH, do see what I seeI’ve mentioned that subject in previous ideas,
Not the first time I say that BNB is stealing the show!
Technical analysis not 100%
Beware of Ethereum updates,
As mentionned previously, the BinanceChain has a working product with low transaction fees and the market cap!
This is not financial advice,
Follow the money
9to5
Great triangle⚖️shhhh...binance coin whispers about money, wolves🔥
There is a great formation of Symmetrical triangle on BNBETH crypto pair.
There was a strong bullish sentiment before and now the price is in a consolidation.
According to Elliott Waves theory all the waves are done and now the price is heading to the breakout.
Follow the chart and look for the breakout carefully.
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ACCUMULATION ETH ?? 1 BNB = 0,25 ETH ? BNB ready go to MOON 🚀BNB coin ready to fire !!! 🚀🔥
The energy on the chart is exactly the same as before the last BNB price explosion🔥👌
trend is Bullish and gaining momentum.🐂🐂
A good opportunity to accumulate ETH.👀
1 BNB going to 0,25 ETH or more ???
SMARTCHAIN is just starting to move and it needs BNB, it is also a very strong competition for the ETH network...
Good luck and remember that all you are doing is your own conscious choice :)
You can like Binance. But why do you need to lose money?A lot of people message us about BNB.
I also like Binance. But Binance and BNB are different things. It is terribly overrated at the moment (based on network metrics).
Can BNB Grow 50%? Yes!
Will this happen? We do not know
But we know that its nearest support zones are 46% and 78% lower.
Risk/Reward less than 1. At the moment, long is a terrible deal for even a small part of the capital.
We may consider buying below $ 134. But it depends on the market situation.
If you want to increase your capital and not lose it, it's time to buy BTC.
BNB/BTC looks bullish as per TA chart#BNB/BTC Bullish chart Update :-
#BNB/BTC Bounce back from Support level.
Invest only if you have patience and Mid term holder.
Entry:- 0.00124-0.001283 BTC
Targets :- 0.00165/0.00232/0.00369 BTC
Stop Loss:- Now no need. But if candle close below 0.00108 BTC then I will update here.
Support :- 0.00108/ 0.00124 BTC
Resistance :- 0.00165/0.00132/0.00369
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Binance Coin setting up for a move higher on all time framesFirst, let's just look at the weekly chart of BNB. This is big:
BNB vs ETH may have found some key support at this level, so we could see some outperformance here:
Zooming in a bit further into the 4hr chart, BNB just confirmed if you use the 240min time frame as your confirmation for diagonal trend line breaks:
I've always been a huge fan of Binance Coin since it's a key player and major beneficiary of crypto trading. Nothing fancy. Simple