Binance Coin Analysis: BNB/USD Relaunches Moon-bound Rocket
Binance Coin builds upon August support at $20 for a bullish case eyeing $30.
BNB/USD has the potential to hit new August high as highlighted by the RSI and the MACD indicators.
Binance Coin (BNB) is on steroids as it takes down some of the barriers put in place by sellers following the dive from August high at $24. BNB has been one of the best-performing cryptocurrencies in the market in 2020. Note that in February, Binance Coin drew much closer to $30 but traded yearly high at $27.29. The fall in March affected all the digital assets with BNB plunging to lows at $6.40.
Since the breakdown in March, Binance Coin has more than tripled in value. Most of the gains have, however, been recorded in July and August. The bulls consistently continued with rally in July, to the extent of hitting levels above $20. The bullish leg was then extended to $24 in the first week of August.
Unfortunately, a reversal took precedence sending BNB to confirm support at $20.50. The fall was not necessarily a bad thing because buyers seem to have rejuvenated and are coming back stronger in a bid to trade a new August high.
In the meantime, Binance Coin has been able to clear the resistance at the 61.8% Fibonacci retracement level taken between the last swing high of $24 to a swing low at $20.45. The price is teetering at $23.45 but all eyes are glued on the next hurdle at $24.
Technically, Binance Coin has the potential to hit not only highs above $24 but also trend towards $30. The RSI and the MACD clearly reflect the bullish case. In addition, volatility is high and in conjunction with the increasing volume, they could catapult BNB closer to $30.
Binance Coin Intraday Levels
Spot rate: $23.45
Relative change: 0.3455
Percentage change: 1.5%
Trend: Bullish
Volatility: High
Bnblong
BNB/BTC is in a BIG BULLISH TRIANGLE! Up to 22% gains!BNB/BTC is in a BIG BULLISH TRIANGLE! Up to 22% gains!
And BNB has a contest going thru the 27th of August (possibly longer).
BNB should get some nice gains ahead.
Plus, by holding BNB you get a discount for trading on Binance.
Trade safe my friends...
BINANCE:BNBBTC
BNBUSDT LONG OR BUY , TARGET UP TO $40BNBUSDT confirm the successful " Descending Wedge " pattern in the week frame, the price line also confirmed Uptrend and is above the MA10 of the week.
BNBUSDT buy : $20.5
BNBUSDT target 1 : $28 +-1
BNBUSDT target 2 : $40 +-2
Stop loss : 15% investing long term .
Wish you good deals!
BNBUSD: Analysis using Ichimoku 22/07/2020H4
On D1, the cloud is directing upward, indicating an uptrend. Also, the boundary of the ascending plane (channel) is visually visible, which can be a price correction.
Conclusion:
The price can form a local triangle-shaped correction pattern. RSI H4 may also form a triangular range.
We recommend buying BNB at the end of the triangle pattern formation.
H1
At H4, the cloud is directing upward, indicating an uptrend. RSI H1 is near the oversold level.
Conclusion:
It is worth paying attention to the possible resistance line, which could become the border of the triangle on H4. We recommend selling BNB when the price reaches the resistance line, and RSI H1 reaches the overbought level.
In the medium term, we should expect the price to rise to the level of $20, possibly higher.
BNB Breakout is expected in coming weeksBNB is in tight zone. We may expect a breakout in coming weeks.
Reasons:
1. Two Greens candle can be seen at end of triangular wedge, making higher high which is an indication for bullish movement.
2. Candles respecting the wedge upper line which is resistance. It may going to test the support and after that it is going to breakout of the wedge in a strong upward movement.
3. Engulfing Green Candle at the end of the wedge has also broken the White Trend line resistance which was tested 2 times before. Now Retrace is a normal process. It is going to test the support at 16626 and if it is rejected then a strong breakout is ON.
Be ready for every kind of situation.
I have tried to analyze it for you so that you can make your decisions accordingly.
Thanks.
BNB Perfect set up!With a weekly close complete this looks set to run! BNBBTC
Strong fundamentals on binance make this a safe play - Binance Launchpad rumours, BNB burned.
TA close above trend after a 61.8 FIB retracement from last run off double bottom.
Above 200 day MA
Expect an 18% run to resistance level. Risk reward 2.33/1
BNBUSD: Analysis using Ichimoku 17/06/2020H4
At D1, the cloud is directing upward, indicating an uptrend. On H4, the cloud is directing downward, indicating the formation of a correction for D1.
Conclusion:
We recommend buying when the RSI reaches an oversold level on the H4.
H1
At H4, the cloud is directing downward, indicating a downtrend. At H1, the cloud is directing upward, indicating the formation of a correction for H1.
Conclusion:
We recommend selling when the RSI reaches an overbought level on H1.
Good luck!
🤢 Binance Under Pressure.(BNB)🤮 Top red line is current major Resistance and we are already showing potential signs of exhaustion for price continuation.
This is what we would call a range play on the Crossover strategy as the candle begins to fire red and showing signs of the Crossover. The ema dots are also firing red. These are the type of plays we look fo. Use the height of the candle as a stoploss or exit the short if the candle flips back up to green.
We like to use the 3day because as you can see it cuts out most of the noise, typically a safer trade to take trading larger timeframes vs lower timeframes.
We like to use 1-2% and sometimes 3% stoploss. Usually a 1% move back up will shift the Crossover strategy to show you signs of exit. It's all about playing the turning points in the markets and risking that small amount and riding the gainers. You will Capture the major trends even if it were to flip on you and get stopped out for a 1 - 2% loss. As of now we look bearish. Preferably we would like to play the reversals at the edges of major support and Resistance, but it is an opportunity.
If the ema dots go green and candle gles green then you would look to play the bulls.
Do not let the trade get away from you if it goes bad. Risk management is key! More important than anything!
Never go all in on one position and never marry a bad trade!
Best of luck to you! 🎲🎲
🥇MLT | MAJOR LEAGUE TRADER
BNB: Analysis using Ichimoku 08/06/2020H4
The price is trading above the Ichimoku cloud by testing the border of the trend line.
RSI is in an undefined state, indicating a correction.
Conclusion:
We recommend buying from a key Fibonacci level of 61.8%.
H1
The price is below the Ichimoku cloud, indicating a local correction. RSI has formed a convergence, indicating a possible end to the correction.
Visually you can see a formed initial impulse in the direction of the older trend.
Conclusion:
We recommend buying from a key Fibonacci level of 50%, and also when reaching the RSI of oversold level.
Good luck!
Elliotwave on BNBUSD signaling breakoutGood evening.
Today seems to be a wonderful day for crypto as we are staring upon the glorious sight of a sea of green on CoinMarketCap as altseason is in full affect; virtually everything is bullish— it doesn’t matter what token or coin you’d be holding at this point because as I have details in my “10 Crypto Commandments “forex guide, which I’ll post below; BTC USD is the sun in the universe with the old spin the planets and all those that revolve around it.
What does this mean?
I highly suggest ( for Those of you who are interested in my opeds/writings/tangents — which (on TradingView atleast) .. seem to be not only well receptive but encouraged and even requested lmao...at times, which just goes to display the maturity of the people who participate in conducting their own TA by taking the time to read what I’ve written as most people do not really take this unconventional approach of providing the TLDR dissertation with every publication but I’d like Twitter/FB/Reddit or any of those other banal platforms...
You guys are here to make money and you guys are here to learn and so I just wanted to take a moment to thank the (1200
Median engagements per publication thus far according to analytics) so I guess it’s actually a lot more than I thought and while that might not seem like a lot to some people knowing that 1200 people on average are reading these posts and In addition has displayed by the increase of likes my publications there is clearly some sort of breakthrough moment where it not only gives me euphoric joy...beyond reprieve— this warms my heart gives me more drive and will to keep going when (like the booms and busts of our charts) I go through a slump of depression...even when I’m angry — I’ve noticed one thing about this platform:
People don’t give a damn in fact you’re completely indifferent as if The taboo nature of how I felt what I felt self-loathing and insecure is almost lifted by the conference and reciprocated appreciation and empathy by my readers and Those of you who have reached out and commented on the few ones are really.
The only reason why I do this and I just want to thank you guys for giving me that because And I know everyone says this but I really beat it like every other Individual in crypto with a little bit of clout I don’t use my clout (or what little of it that I have) to take advantage of you guys by pushing Sponsorship/shills/Profit greed opportunist motivated intent with all I really ever cared about was the community and the advertisement for it it’s a goddamn reason why I got mixed up with the Trump administration which has caused me more headache than benefit....I was brought on the strategic analyst or Middle Eastern geopolitical affairs as I had real time Boots on the ground in Damascus but I’ll leave it at that I don’t wanna digress.
Long story short Washington is a small town, Gossip gets around like high school and Decisions get made by general consensus led by the popular person who is in almost every since our democratic republic the president and not just President Trump or whoever is the executive at any given time so Obama Clinton Bush doesn’t matter I was dumbfounded to come to the Capitol After being convicted of felonies I didn’t think a jail sentence would be okay for me to be there.
Turns out i came to learn a lot of things:
For one— our president is much like myself in the sense that He’s a paradoxical hypocrite and a ironic riddle of puzzle pieces funneled into an enigma wrapped in a paradox. That’s just me being cute and fancy talk for saying he’s misunderstood as am I And don’t get it twisted I have no political affiliation but you could see why I can empathize with that if you asked 20 different people who our president is you’ll get 20 different answers...something my mother always said about me when I was a child.
So for those who are really curious this started back in 2016 with a special counsel they were calling for his (POTUS) head and He put on a brave face for the media but he was terrified he really thought he was done for he decided he would go down swinging.
Subsequently after we start to see leaks from White House and turns in staffers just a punk kids in their mid-20s a few years younger than me maybe half a decade on average (I’ll be 30 in August) When I realized POTUS‘ advisers were taking a different UnPresidented an unconventional more JFK like approached his administration and how he would run it.
Could you blame him? 96% of his press coverage is negative — Having the media propaganda is the civilian population again a sitting president holding the executive and commander-in-chief of The worlds most powerful and effective Military to of ever existed in this history of warfare.
You guys remember when Giuliani was getting grilled for his involvement in the Ukraine saga I like to call it since I try to stay out of there picking sides to be completely honest I detested the man (I’m a Muslim and I was manipulated using soundbites little clips of him telling me he wanted to ban all my skills before I really had an awakening and if anybody is uncertain of what I’m saying and has Verizon FiOS please take advantage of that last button on the remote it’s a gift and a trip when you’re watching CNN Sean Hannity and Rachel Maddow at the same time.
Again to reiterate just because I had empathy and I knew what was going on with Ron does not mean I supported this president hell I don’t support the Democrats either I’m a fiscal conservative social moderate and political liberal when it boils down to it.
Yet the same time I’ve been given a surreal experience of a lifetime to get to work for The president directly I never saw him more than a couple times (GOP private donor events and economic roadhouse tables/briefings) When it occurred to me what he was doing.
Before I knew it I woke up one day and I was in a think tank with a group of individuals none of them are affiliated with the Trump administration so he could maintain plausible deny ability and to be honest I’m probably gonna catch some flak for saying this but I’ve been getting too much questions lately and let’s face it it’s all but an open secret at this point.
I’m not gonna go into detail as to what I do and what I’ve been doing for the ministration for the past nine months but I will tell you that my work the last stop with Providing expertise on my knowledge in the Middle East as it was not long before they figured out I understood how to work analytics how to use his own I Twitter analytics to not only gauge the temperature of the American public in terms of their receptive Response to this sometimes over the top behavior.
I was pretty dumb founded they realize they were not even doing that it was already well into 2016. I’m going to leave the cliff notes there but fast forward to a few years of me providing remote assistance through the focus groups polls and intense “homework” which systemically became more and more detail and more and more Of feeling like something the White House should be doing but as a reference earlier in order to plug the leaks he had his Closest staffers or aids (I can only presume) Cherry pick and poach individuals who are not only skilled educated passionate and willing to do whatever it takes whether it’s an argument or a task.
I was starting to behavioral patterns of the other people in the “think tank” with me And for a while I started to distance myself from the administration because I started to feel like I was getting played.
Then I woke up one day and realized who the fuck cares if I’m getting played? I would be dead in Syria right now not for this country and I can’t let one man or any feelings I have about him neglect my responsibility to have a public and that is something I feel really passionate about and why I have this really big problem with the dnc right now.
Any political operative that’s willing to let the American people in the face and lie and say they’re doing this for their own good like their children knowing full well the ramifications would be catastrophic.
I digress I want to stick to what I was driving towards my point was it wasn’t long before the high school started talking about crypto and I I will let you guys connect the dots as to whether or not you thought I stayed silent and didn’t Care or I reacted and perhaps pulled out all the stops and did whatever I could using whatever little connections and power I had to make sure things were steered in the right direction for this community because God knows they had no idea what they were doing and I was the only one in the fucking room who knows what I was talking about.
I’m gonna leave it at that and I hope I didn’t leave More questions than answers.
The truth is I had to tell the reason why I took a sabbatical from publications because when I was really involved in my crypto work so to speak it was Like walking on egg shells and Dicee Road for me to be trading so it would be a thin line between some of the information I was privy to and whether or not the case could be made as to whether or not I was insider trading with the truth is I was it and the fact that I’m hosting publications on the regular name means that you can connect to that I’m not doing what do i was during the sabbatical and I wonder why??
Being facetious please don’t be that naïve obviously I should not need to say this but Covid19 = One hell of a buzz kill/monkey wrench.
Needless to say I’m on like 15 different platforms everything except yt ; ( coming soon) but I’m still working with him administration and I still will be right now representing NY12 congressional district for RNC.
It’s mostly making sure the district that’s mostly blue doesn’t start acting swamp like ( again I digress) I hope that’s enough for you guys everybody who DMed me is going to get a link to this post.
Yes I know it’s TLDR. Whahhhhhh. GLTR and quit making Darwin role in his grave <3
This post is intended for my closest followers so if you have no idea what the fuck I’m talking about go on about your business and piss off for the rest of you you know the drill green horizontals TP read stop most important and it looks like we’ve got an Elliott wave on this one. =D
Now for the signal.
BNB has been bearish since pre halving
so this is long overdue hand given the volume and influence this token has its going to see a huge parabolic upswing and that’s why I opted for this publication.
I’m also going to have to do an XAU / XAG Follow up as it’s been several months and my long posts from around the fall if you guys recall were more accurate than well I guess none of my posts i am a goddamn beast whose always bee pop on point !
Don’t blame me blame the crystal ball on the clairvoyants that comes with being a magician or grand Wizard at this point.
I love you guys thanks for all the support and I’m looking forward to a great Q3/Q4.
Now let’s make some fucking money!!
I’ll update later with higher TP and this is definitely going to be alone as with ETH and chainlink.
Respectfully,
- Ahmed T.
@a1mtarabichi
Disclaimer
These statements are not guarantees of future performance and undue reliance should not be placed on them. Such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause actual performance and financial results in future periods to differ materially from any projections of future performance or result expressed or implied by such forward-looking statements.
BINANCE COIN ($BNB): BNB Levels and Trends to Watch✨ New charts every day ✨
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BNB is moving in a downward channel but is currently in an uptrend. The deduction of trading costs on the most liquid exchange (by daily trading volume on average) being a solid use case, and coin burns constantly decreasing supply, it is never a good move to bet against BNB's upside potential.
Let's check out what it looks like if BNB continues this uptrend and breaks back into the ascending pennant.
Resource: www.binance.vision
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1. With our Range Retester strategy, we are looking to open a long position after a reaction at either a bullish orderblock plotted by Orderblock Mapping or a previous S/R flip plotted by Directional Bias only while we are in a uptrend.
2. While we don't have any immediate levels to enter on, we can detect some key resistance levels above that should create reactions and perhaps give us an entry in the future if price pulls back from one of them.
3. If BNB can't break the channel and eventually does head down, we have a few major support levels at and around the previous lows back in 2019. Our closest being the orderblock formed in the correction for the March 2020 dump.
4. On the bull side here a move back above the longterm trend line since 2018 also creates some interesting possibilities for BNB. There is a confluence of levels around R2 from the trendlines and bearish orderblocks that creates a particularly interesting place to watch for reactions.
5. For now, although there is a lot of potential resistance above us, Fractal Trend is showing the start of a short term uptrend, and so between that and the fundamentals, our current bias is bullish on BNB.
Good luck bears. :P
Binance Coin: Significant 0.5 Fibonacci Resistance 1D (Apr. 22)X FORCE GLOBAL ANALYSIS:
Binance Coin (BNB) is one of the most traded cryptocurrencies on Binance. In this analysis, we take a look at BNB's technicals to determine the probabilities for its next move.
Bullish Evidence
- We are trading in an ascending parallel channel on the daily, creating higher lows and higher highs
- The Relative Strength Index (RSI) also shows higher lows and higher highs in an uptrend
- The Moving Average Convergence Divergence (MACD) shows increasing bullish histograms after a golden cross
- BNB has broken through and consolidated above the 0.382 Fibonacci level
Bearish Evidence
- The bullish histograms on the MACD are decreasing
- We have seen tremendous bearish pressure shown by the bearish engulfing candles, indicating that bears might still be in control
- On the weekly, we are trading within a descending wedge, creating lower lows and higher lows
- BNB has been rejected by the 0.5 Fibonacci resistance
- This could play out as a bear flag pattern
What We Believe
We believe that a break and close above the 0.5 Fibonacci resistance is essential for Binance Coin to continue its rally. A break below the channel support would confirm a new bearish trend, and a bear flag pattern playing out.
Trade Safe.
BNBUSD Very Bullish Mode And My Retired Plan is $300#BNBUSD Chart:
Current Price Of BNBUSD is $16.8
#BNB After Breakout Retest Also Done At Support Line.
Next Resistance : $56.9
Support: $16
I am buying more $bnb
Also check Retired Plan with #BNB
Please like and follow me for latest Crypto. updates.
Thank you
#Binance Coin | BTCBuy Between : 0.0021394 - 0.0019322
Target 1 : 0.0023429
Target 2 : 0.0025575
Target 3 : 0.0027647
Target 4 : 0.0032790
Target 5 : 0.0042891
Target 6 : 0.0046739
Stop loss : 0.0017287
Risk/Reward : 11%/150%
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