A Possibe Wave 3 For BNBUSDA look at the BNBUSD on the 4-hourly chart the price appears bearish for a bullish pullback up to the highs of 347 and 358 for a directional bias of 370
BNBBEARUSD trade ideas
Binance Coin: oversold side is coming?BNB is still influenced by the negative news surrounding Binance exchanger. CFTC charges are still in the spotlight of market interest and its potential impact on further business of the Binance. Until this dispute is finally resolved, BNB`s price will be suppressed, without much moves to either side. It is positive that the price manages to hold above the $300 support line, however, charts are showing potential for further pressure to the downside.
The price of the coin did not move much during the previous week. Lowest level reached was HKEX:299 but only on one occasion, after which, the coin returned to previous levels, oscillating around HKEX:310 level. Major development during the previous week was with the RSI indicator, which crossed the 50 line and headed toward the oversold side of the market. The indicator ended the week at level of 47. Moving averages of 50 and 200 days continue to move as two parallel lines and still holding the Golden cross occurred some time ago.
As already mentioned, due to negative news about Binance exchanger, the price of BNB will be suppressed during the forthcoming period of time. If current HKEX:310 level continue to hold then the price might shortly test $320. On the opposite side, support line at $300 might be also tested again.
Let's Suss Out The 2023 Market Hey everyone, here's a quick video update. It looks like there's something wrong with Tradingview's screen record function, so it's possible the video will not show up. In that case, this will be audio only and there's not much I can do about it.
Finally had some time today due to a light workload this week (gotta love religious holidays). In this video, I talk about DXY, Bitcoin, Ethereum, Litecoin, XRP, and BNB. I hope you enjoy!
This video is meant for speculation and entertainment only - not as financial advice.
$BNB LONGHey,
Despite panic and FUD on $BNB. It's still holding strong with a strong comeback after last weeks news on the arrest of CZ (binance CEO).
I took a Long trade at the levels of $BNBUSDT $304, currently trading at $314. Looking to take profit at $363.
Still at entry areas with at tight stop loss with Risk to reward 1:4.
#NFA
Follow me
Goodluck Degens
Binance Coin: slowdown continuesMore negative news about Binance exchanger hit the market during the previous week, hence, the price of BNB reacted in a negative manner. Namely, the CFTC pressed charges against Binance exchanger, noting violation of several provisions on the US commodities law, whose aim is prevention and detection of the money laundering and terrorism financing. This news was not positively welcomed by the markets, in which sense, the price of BNB went from $330 down to $310. Around this level BNB is also finishing the week.
Regardless of the drop in price, RSI continues to move around level of 50. This means that the market is just not ready to choose the trading side. Moving averages of 50 and 200 days continue to move as two parallel lines, which still hold a Golden cross occurred a few weeks ago.
It could be expected that the market will remain sensitive to the news regarding CFTC`s charges against Binance, in which sense, risk of the further downside in the price of BNB holds. In this case, the price of BNB might go down to $300 support, with lower probability for a short term stop at $280. On the opposite side, price might recover to the previous levels between $320 and $330.
BNB 1HR BULLISH RECTANGLEPosted longer time frame a bit ago, but here is the 1hr view. Looks like we are going to try to test local infection point. A push and then a back test to claim new local support would definitely bump her up near the first targets
BNB KNOCKING AT THE DOORBNB trying to bust through key local resistance, could see some spring, backtest, spring price action once IF it can gain steam.
BNBUSD - Bullish RectangleBNBUSD making Bullish Rectangle Pattern that signals the continuation of the upward trend and the price pauses temporarily during an uptrend.
Entry point as Buy Stop at the break of the Last HH.
BNBUSD is in sideways trend Support and RessistnceBNBUSD made a bearish flag and now
is in a sideways trend. Taking a precise
entry into this pair can be profitable.
Taking entry according to the support and resistance.
BNB *POTENTIAL* LONG PLAY.NOT confirmed, but if she can back-test the spring, it's an automatic buy. Made common 50% reversal from last swing high to swing low and is following typical procedures. Need to bust through that local resistance before she can do anything, but BNB is hitting those targets with ease if so occurs.
GLHF
Higher timeframe view on $bnbIn this video i got over my views on $bnb from higher timeframe zoomed in to the lowertimeframes and how i see it trading.
Binance Coin: a short reversalDuring the last two weeks BNB, as other major coins on the crypto market, benefited from the news on the banking crisis. However, the price of BNB, although on the up road, was still moving in a relatively steady manner. The coin headed toward the $350 resistance line, but it did not have strength to clearly test this level. Rather, the highest weekly level was at $345. The coin entered into a short reversal, finishing the week around $320 level.
During the week, RSI reached the clear overbought side of the market, when it entered into a short reversal to the downside. RSI is currently moving around level of 54. This suggests that soon the indicator might move below the 50 line, and head toward the oversold side. This increases the probability that BNB might test lower grounds in the coming period. Moving average of 50 days slowed down its divergence from MA200, so now they are moving as two parallel lines. The Golden cross from a few weeks ago still holds.
Market sensitivity about new news on banking contingencies still holds, in which sense, any surprises on this side, might trigger higher moves on the crypto market. In this sense, investors' precaution continues to be advisable. Still, in case that there are no surprises, BNB might revert a bit to the downside, at least to test the support line at $300. At this moment there is no indication that the price could go below this level. On the opposite side, BNB might try to test a short stop at $330 once again, before it starts challenging $350 resistance in another attempt.
BNBUSD - BEARISH FLAG [1H TF] BNBUSD making Bearish Flag Pattern that signals the continuation of the downward trend once the temporary pause is finished.
Entry point as Sell Stop at the break of the Flag Pole.
BNB Short term trend : tensionBNB heavily subjected to news in the short term. The market is testing itself.
For any trade position, keep in mid 2 safety resistance:
- $317: week
- $290: strong
Testing the 337-345 has failed in the last couple of weeks. Yet we can see in the slow fall a potential bearish trend in line with the former push:
- If this trend is broken (green line) BNB would likely test 317 and 290 areas.
- If it follow the green line as bottom and breaks the top downtrend (top red line) BNB will go again testing the 333, 337, 345 areas.
The uptrend to 350 was not sustainable anyway, the slow downtrend could well be healthy. Watch the news on BTC and BNB, lots happening recently, market is tense.
My assumption: 317 likely to fails, if so, short above 310 and buy/buy back at 290.
BNBUSD (4H) - Bullish breakoutHi Traders
BNBUSD (4H Timeframe)
The market is in an uptrend, and we are waiting for an entry signal to go LONG above the 347.00 resistance level. Only the downward break of 328.90 would cancel the bullish scenario.
Trade details
Entry: 347.00
Stop loss: 328.90
Take profit 1: 358.20
Take profit 2: 376.30
Score: 8
Strategy: Bullish breakout
Binance Coin: stay alertedThe run of deposits from banks impact the ongoing surge in the crypto prices. Major coins gained the most, due to easiness of both funds deposits and possibility for transfers to other wallets. That was the winning combination during the previous week. BNB is certainly one of the coins with widely available infrastructure for both above-mentioned targets. Although the $300 resistance line had been tested at the start of the previous week, the price easily went to the higher grounds, ending the week modestly below $350 resistance. Based on the charts, the move is still not over, as it will need a few more days for existing funds in the banking system to be extracted and moved to the crypto market. This should be taken with a precaution, as it poses significant risk for the market`s move to the down side, when all speculative positions enter into profit-taking season.
With the latest push to the upside, RSI went to the overbought side of the market. Usually it will be an indication that a short reversal is ahead, however, at this moment, it might take some time for such a move. The reason is that we still don’t know how much more money is pending to be transferred from banks to the crypto market. MA50 continued with its divergence from MA200, following the Golden cross that occurred a few weeks ago.
Regardless of the positive developments during the previous week, investors and traders precaution is still necessary. This comes from the fact that too much funds were transferred in the crypto market within too short a period of time. The nature of these transfers is such that these funds are not there to stay on the crypto market. Withdrawals might start anytime, and with it, a drop in prices. BNB will continue to test $350 resistance, and in case that the market exhausted itself, then the price will enter into a short reversal, at least to $320. Whether the price might go higher from $350 it will depend solely on new deposits entering the market.
Destiny BNBThere are 3 important and different resistances at the price of $333. If these resistances are broken, there will be good growth.
BNBUSD Still inside a Triangle despite the recent surgeBNBUSD is trading inside a Triangle pattern since May.
The price is at the moment very close to the Triangle's Top.
Trading Plan:
1. Buy if the price breaks over the Triangle' Top.
2. Sell as long as the price trades under the Triangle' Top.
Targets:
1. 398.0 (Resistance 1)
2. 270.0 (1st Rising Support of the Triangle).
Tips:
1. The RSI (1d) about to break inside the overbought zone. An RSI of at least 75.00 has formed the previous price highs.
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Binance Coin: questionable recoverySilvergate Bank, Silicon Valley Bank, FED Chair Powell and inflation issues were too much information for a one week for markets to handle. General negative market sentiment made an impact on all coins, where BNB lost less than 5% in its cap during the single week. It should be noted that for the last three weeks BNB was loosing strength due to negative news surrounding Binance exchanger. Selling orders were dominant during this period, and BNB was pushed down to lowest weekly level at $265. The coin is finishing the week around $280 level, which is a short term stop before a heading toward the $300 resistance. The $250 support line has not been tested during the previous week.
As of the time of general market sell-off, the RSI indicator was pushed down quite closely to the level of oversold market, but the clear oversold side still has not been reached. It leaves some space for the price of coins to move lower to the downside. Moving average of 50 days has slowed down its divergence from MA200 counterpart, which might impact the Golden cross technical formation that occurred at the beginning of February.
The week ahead requires investors and traders precaution. It might take some time until the market calms down, after the shocking weekly news. In case of further negative sentiment, the price of BNB might slip to the downside, and to the level of $250 support line. Still, in case that there is no further negative news, then it might expect some recovery, at least to the level of $280 up to $300 resistance line. Some sort of significant move to the upside should not be expected during the forthcoming period.
BNBUSD-Support and ResistanceBNBUSD is is presently in non trending phase and we are expecting it to respect supports and resistance. As support and resistance are meant to break, we will take a buy stop entry above R2 and our stop loss level will be R1.
Anfd id price breaks S2, our Sell Stop order will trigger.
BNBUSD-Support and ResistanceBNBUSD is is presently in non trending phase and we are expecting it to respect supports and resistance. As support and resistance are meant to break, we will take a buy stop entry above R2 and our stop loss level will be R1.
bnbperp 15m AS you can see the price is making a rising wedge if the price went higher than the 2 high you can open a position with 3 r/r the tp is 269.57 after that, we expect a tr between 276 to 269$ or 276 to 265$. my advice is because the market was crazy bullish these days don't open longs at the low of tr, shorts are better and safer.
Ps: dont trade based on my predictions.
