💡Don't miss the great buy opportunity in BNBUSD @binance
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (367.44).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. BNBUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 70.
Take Profits:
TP1= @ 448.03
TP2= @ 487.51
TP3= @ 528.66
TP4= @ 613.87
TP5= @ 683.92
SL= Break below S2
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Bnbusdtlong
BNBUSDT to 450$ ??we can see the price ranging between the resistance zone and the support zone
and the head and shoulder pattern that indicate a shift in momentum
also we can see the divergent between the price and the RSI shown in the chart (orange , red line )
we can wait for the price to break through the 365$ level and fine a support zone
then we can inter the market
BNBUSDT(1H CHART) Channel breakoutBNBUSDT(1H CHART) Technical Analysis Update
Channel Breakout
BNB/USDT currently trading at $327
Buy-level: Above $325
Stop loss: Below $289
Target 1: $348
Target 2: $389
Target 3: $424
Max Leverage: 2X
ALWAYS KEEP STOP LOSS...
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BNBUSDT Entry Support and resistanceBNBUSDT Entry 1st entry 299 to 277 worst case scenario btc support reject market down trend 247 to 220
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BNB - Waiting for EMA to breakWe have a consolidation zone given by the volume poc and the EMAS of 20 and 55. Once broken with force, bnb could reach the 500usd approx. values.
My entry price will be approximately 494usd. When the previous maximum has been exceeded .
ANAGE YOUR RISK! The loss you take in case of failure should NEVER be more than 2% of your total capital. NEVER. You invited to share your vision in the comments. Thank you
BNBUSDT i.using the fibs from January's expansion, price is consolidating at equilibrium 365zone (fibs 50%)...
ii. price got rejected twice around 290-279zone(fibs 62%) indication a possible push back up but the equilibrium zone is a major hurdle as well as 443zone (fib 38%), 413zone, 485zone
iii. A break below 350zone (S turn R) exposes 244zone and further breakage exposes price to 190 order block (4hr), Sweet Spot
iv. a break above 486 zones/4hr trendline would expose the 553 (fibs 78%) leg up
blue lines indicate buying opportunities, Redlines indicate hurdles on the way up or selling opportunity
Not a financial advice, just my thoughts
BNBUSD BUY/LONG INCOMING OPPORTUNITY 400 to Potentially 1150TICKER CODE: BNBUSD
(UPDATE AS OF 18 May 2021)
Company Name: Binance
Industry: Crypto Currency / Blockchain
Technical Analysis
1. Falling Wedge Forming (Expect the market to squeeze down during this pullback
phase to reach Fibonacci Retracement at 0.618 / 0.786
2. Repeated Trend Pattern
3. HIGHER LOWS TRENDLINE sitting on the 0.618 Fibonacci Level
4. Area of confluence at Fib 0.618 level
Should the market break and close below the trendline we might be looking at a change of
trend direction
Entry: NOT READY (350.00-400.00)
1st Partial Take Profit: 860.00
2nd Partial Take Profit: 1150 (I would consider cashing out around 80-90% of initial investment here)
BNB to DIP more in coming daysCrypto market is not going through a good phase at the moment and looks like this is far from over.
Even BNB has dropped to 500 level yesterday and going by the chart, looks like BNB has entered a correction wave, of which it has completed 1 stage of 3, at point A.
There would be a short recovery at point B at around 600. When it reverses from Point B, then we will have more confidence that it will be heading towards Point C in a 5 step movement.
Crypto is still moving in Bearish mode so trade wisely and keep your greed horses under control.
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Note - These are my personal notes and in no way a financial advice. Do your own research and Trade wisely
Great buy opportunity in BNB🚀Hello guys
As we can se price is moving in Ascending triangle from few days and now it could trying to Break it out.
- Wait for the Candle closure above the Green Resistance box or enter at the Trendline of the triangle.
- Put your Stop Loss below the breakout candle or green support area.
- Take Profit: Trail it with a Trailing SL.
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