Bnblong
BNBUSD latest trading ideaBNBUSD update
Recall that the recently formed symmetrical triangle sent a message of hope for both buyers and sellers.
We leverage the market momentum of BTCUSD to anticipate the future value of the Binance coin.
Unfortunately, the fundamentals (Jerome Powell speech) favored the sellers and the market maintained its bearish tone for up to 24 hours.
So far the stop loss is still below the support level - $200 , there shouldn’t be a reason to panic about the current loss.
Currently, we’re relying on the blue and red trendlines to form a market sentiment.
However, we’re optimistic that the pair will edge higher.
Sentiment : Neutral
BNBUSD latest trading ideaThe symmetrically formed triangle is sending a message of hope for both buyers and sellers.
However, it pays to stay firmer at the buying position; the coin will mostly leverage the bitcoin force.
*Next resistance levels are poised at $275 and $305 price points. *
They are expected to serve as the profit-taking areas for buyers.
Sentiment: Bullish
Decision: Buy while the pair value is low.
BNB/USDT | Potential Upward Movement 🚀 🚀🚀Technical Analysis:
Starting by the higher time frame the price posted a correction count to the 205 mark, after rallying and reaching all time high at 347.97 price level. If we switch to the lower time frame, the price is trading inside a flag formation, where the buyers managed to break it to the upside. A bounce might be seen to the 237.90 mark before the move upward.
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Trade Idea:
Buy Limit @ 237.90
Take Profit @ 301.70
Stop Loss @ 216.64
Trade Safely 🙂
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 TODAY ANALYSIS - 3/1/21BINANCE:BNBUSDT
Bnb did rise again after the unexpected BTC move that pushed the price back up to 255 support.
However, it was not able to break it, as the RSI starts to show weakness, but with a pinch of hope.
Bitcoin faith will deciede if we move higher or not, but too much confidence is flooding the market after this recovery, wich might be a warning sign.
I would not be surprised if we retrace to the 191$ during the next 24 hours, and by then it would make a perfect entry point.
Howerver, BNB is highly manipulated. An unexpected pump is never excluded on this one.
Make sure you protect your profits anytime.
Don't short BNB, never.
Buy now and take a chance, or wait, as i recommend the fall to the lower support, wich is the most probable scenario.
Thanks for reading and please consider leaving a like if you believe this makes sense.
Have a great day.
BNBEUR - short term analysis BNB have seen a very rapid and abrupt surge in the recent time, for this reason is very complicated to find what will be support or resistance levels. I think in the past few days we have seen the bulk of profit takings and now we are ready for a new surge in the price. As I was saying the surge has been abrupt and extremely fast for that also the fell has been of similar nature but now we can see a stop and some sideway action that could lead to a consolidation around the current price range. if the consolidation succeed we are in for a new uptrend and a possible retesting of the previous ATH.
BNB: What Direction Shall IT BEGood day money makers!
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- Currently, we have confirmed an Elliot Triangle Wave(ABCDE)
-This could confirm a further down movement!
-But as things are with crypto, this could also turn into an uptrend so be on the lookout for that!
- Next targets: Shart A, Short B
- High buy volume between 180 - 200
- I do expect the price to drop, however, I am also ready to go long
- Currently, I have withdrawn all my crypto to USDT and will only re-invest when we get more confirmation
- This is just my current idea.
- I can be wrong a 1000%.
- There is always a huge chance of different patterns taking shape in these ever-changing charts.
- Trade responsibly.
- Be focused.
- Have a plan.
- Stick to the plan.
- No FOMO.
- Take the time to study YOUR own charts and come up with your own ideas as you are going to trade with your money.
- Never trade what you are not willing to lose
- Remember Stop-loss is your friend.
- Smile!
- Good Trading and Good Luck
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