Hello everyone, let's take a look at the BNB to USDT chart on a one hour time frame. As you can see, the price dynamically moved lower from the local upward trend line. When we unfold the trend based fib extension grid, we see that the price remains at the upper limit of the support zone from $214.7 to $213.6, but we can see a decline towards the support level at...
Hello everyone, welcome to a review of the BNB vs. USDT pair, taking into account the one-day timeframe. First of all, using the blue lines, we can mark the sideways trend channel in which the price is currently approaching its upper limit. Now let's move on to marking the places of support. We will use the Fib Retracement tool to mark support, and here we will...
Taking a look at Binance / BNB wave 1 fib extension targets.......... Wave 3 seems to be on track for an unbelievable target of 2500+ by end of 2021! This puts Binance at an amazing buy right now and I see this pumping to 1,000 really quick and we will probably see some good consolidation around 1,000 to 1,500. Good luck traders and remember to do your own research!
BNB formed a nice a rising triangle that broke out then failed. It was an unfortunate bull trap. This bull trap has formed an order block of trapped longers which increases resistance. A retest of the order block will be met with trapped longers wanting to unload breakeven. The failure of the rising triangle is bearish and 255 and 225 are targets. On the higher...
BNB/USDT update, 04/20/2019 Because of the current configuration, I believe that we might correct a bit. We aimed for the ATH and managed to get through with a a higher high, however we quickly got rejected. Currently, we are stagnating between -0.786 and the cluster -0.618 -0.65, above an area that may have become a support. As for the candle, it varies...