BNBUSDTPERP
BNB 1D Is the price of $110 real?Against the news background that the Binance exchange is launching the Binance Pay payment service, the token of the BNB exchange itself has risen in price.
BNBUSDT price easily broke up the level of $67 , fixing a high of $75.50.
Now, there is consolidation over the level of $67-68. If sellers do nothing, or buyers do not let the price lower much below this level, then we will have a quick shot up.
The upper targets are $92 and $110.
Deeper corrections of this upward impulse shot are also possible. Sketchy possible options are shown on the graph.
The levels below are $ 56.50 and $ 47
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BNB 1D Carefully, there may be a high now and a fall to $36.5For almost a year now, the BNB price has been moving up the channel, clearly working out its limits and the average of the channel.
Only once did the BNBUSDT price make a false breakout of the channel in mid-September 2020.
It should be bear in mind. To understand how the BNBUSD price might behave, we copied the price movement fractal.
Now a shot to $54.84 is possible and further a strong fall to $36.50.
If this is preparing a final upward impulse, then the BNBUSDT price, after fixing above $55, may move to $67-68.
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Since 2016 , we have been analyzing and trading the cryptocurrency market.
We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer - help us to be happier :)
Ⓜ️Binance/USDT (6/12) View + Trading Plan #BNB $BNBThe 28$ zone still shows it to be an important price zone for BNB and we can fully trust the possibility of this zone's support.
Currently, BNB has not yet broken out of this Broadening Rising Wedge pattern and I think BNB will see a strong rally over the next few months to 60-70$.
However, be careful if BNB loses 28$ zone as it will fall back to 24$ and even 18$ very quickly.
📈BUY
-Buy: 27.5-28.5$.SL if B
📉SELL
-Sell: 31.5-32.5$ if B.SL if A
-Sell: 35-36$ if B.SL if A
-Sell: 44-45$ if B.SL if A
♻️BACK-UP
-Sell: 27.5-28.5$ if B.SL if A
-Buy: 23-24$ if A.SL if B
-Sell: 23-24$ if B.SL if A
-Buy: 17-18$ if A.SL if B
BNBUSDt- Falling Wedge
When a security's price has been falling over time, a wedge pattern can occur just as the trend makes its final downward move. The trend lines drawn above the highs and below the lows on the price chart pattern can converge as the price slide loses momentum and buyers step in to slow the rate of decline. Before the lines converge, price may breakout above the upper trend line.
When price breaks the upper trend line the security is expected to reverse and trend higher. Traders identifying bullish reversal signals would want to look for trades that benefit from the security’s rise in price.
BNBUSDT - nice pattern good buy zone.
after breaked out the trend line.
R/R - 1/3
You will learn the best place where we can trade this instrument at low risk.
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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade.
BNB/USDTPERP 2H (Binance) Facing double triangle resistancesBinance coin just pump because of burn and new IEO but now facing resistances.
I'm expecting a pull-back down to supports so that's our short-term set-up:
Sell Entry= 14.734 - 14.927
Take Profit= 14.427 | 14.206 | 14.004
Stop Loss= 15.236
Risk/Reward= 1:1 | 1:1.54 | 1:2.04
Expected Profit= 13.60% | 21.05% | 27.9%
Possible Loss= -13.65%
Margin Leverage= 5x