BNBBEARUSD trade ideas
BNBUSDT Price reached an exhaustion point, price should return to the significant zone which is marked by the take profit
BNBUSD ShortThere is a pennant forming, and I highly anticipate that the price might break out of the rising flag (according to higher timeframes) which is a strong indication of a bearish formation.
Entry at 295, SL at 306 Targets at 284, 273 and 261.
BnbusdPumpit by december 12? Or around then ?
Falling wedge is completed around here back to 300+?
220ish days of ranging from 330-250zone
Ftxs collapse really does solidify this exchanges longterm survival and the prevalance of bsc +dev community
Means this things assured to be a strong performer in any potential relief rally scenario, barring cz goes to jail or something like that.
Compression leads to expansion, the longer the compression the greater the expansion.
@BNB perpetual analysis. We are looking very bearish!!!!Although we overcame the first small triangle!
We are all stuck in this bigger piece of the picture and price looking pretty bearish on the sidelines.
$BNB USING MY BENTO BOX ROAD MAP$BNB - BINANCE
On a Weekly Chart
LONG POSITION -MOMENTUM STRATEGY - SWING
11.25.22
1215H +8 SINGAPORE
Disclaimer:
The findings of the following analysis are the sole opinions of the publisher of this idea and should not be taken as a piece of investment advice.
My Published Ideas are not 100% Accurate. There are many factors at a given time that can change the forecast.
ALERT:
Forecast Entries for a BULL SWING. Short and Long-term Entries Short trades are the inner portion labels. Blue labels are alert signals used to analyze further the price action.
Smart money wants a REBOOT of 2018. All is possible for the forecasted entries based on numbers and the character of the market now. Let us see how price action reacts on a DAILY chart .
Hoping that this BENTO BOX CHART ANALYSIS will efficiently help you with your DYOR as we Enter a NEW SWING CYCLE for LONG positions, either short, mid, or long term.
INSTRUCTIONS:
HOW TO USE THIS MINIMALIST CHART a.k.a (Bento Box)
"Follow the white rabbit!"
Just Follow the TOPS and BOTTOMS of the BOXES as a GUIDE to where the MARKET will take you.
If it cannot break a TOP or BOTTOM of a BOX, It signifies a reversal.
TARGET ZONE IDENTIFICATION:
The LARGE BOXES (Tops and Bottoms) are MAJOR turning points that will occur sometime in the future. While the SMALL BOXES (Tops and Bottoms) are MINOR turning points.
These can be entries to a BUY/ SELL POSITION, EXIT/PARTIAL EXIT/TOP-UP AREAS, as well as Support and resistance levels
Also includes MAXIMUM TARGET EXIT AREA OF VALUE - CONSERVATIVE (If price action conditions are right at that given moment.)
NOTE:
1. That PRICE TARGETS for ENTRY and EXITS are DYNAMIC and can CHANGE from time to time.
2. Created using data on a MONTHLY, WEEKLY & DAILY Analysis of a MARKET'S CHARACTER.
3. My BENTO BOXES are designed for SWING TRADES at the LOWEST or START of a SWING CYCLE.
4. At times I will include a WAY BEYOND PARABOLIC PRICE TARGET, depending on The Character of the Market (CRYPTOS ONLY).
5. DYOR for your Fundamentals, Volume , Chart Patterns, Candlestick Math, FIB COILS ( ABC ), Price Action, FIB LEVELS, Market Dynamics, AB=CD Pattern especially institutional and retailer trading psychology .
Wishing you all The Best Trades and Thank you all for your Appreciation and Support of My Work.
Much thanks to My 3 Mentors. They are so much of a Blessing that I also wish to share my knowledge.
Vive Le Autist!
Binance Coin: price correctionTwo weeks ago BNB gained significantly from the news that Binance exchanger might be a new owner of the bankrupt crypto lender, Voyager Digital. After pushing the price to the level of $320, the market reverted a bit to the downside, and minimum weekly level at $280. Still, BNB is ending the week above $290. It is evident from charts that even with significantly decreased daily trading volumes, buying orders were prevalent on the market, defending the price to move back to the lower grounds.
RSI started the previous week around level of 57, however, it is finishing the week at level of 50. This shows that the market is still not ready to move the price to the overbought side. MA50 is moving away from its MA200 counterpart, suggesting that the golden cross, formed at the beginning of November, might finally start to reveal itself in prices of the coin.
During the previous week, short term price correction was expected. Due to decreased market strength, the price went down to the level of $280. Charts are showing that the price might go even lower, from that level, at last till $260. At this moment the support line at $250 is little probable. On the opposite side, resistance at $300 might be tested for one more time.
BNB fast scalping 🔥🔥futures tradin
bnb-usd
open short position at : 293$
close at : 286.2$
leverage :x10
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Good luck
Bullish on $BNB with a projection towards $883 by June 2022BNB is one of the coins that may rise up.
I have given a way forward towards $883 where retail FOMO may kick in for $1k mark.
However I think it would be too fomo to go as new after $883 (fib).
Shown ichi for projection. Can we get e2e to start with
Aladdin is bullish as well on 2day tf
BNB 4H BUYBNB 4H support is at ~$286
Enter 50% at the current price
and try to set some BUY orders near the support zone
If BNB stays above the trendline,
the Take-Profit target would be 5%, 10%, and 15% from your entry
Cheers
Binance Coin: how far is $400?There is a huge possibility that crypto exchanger Binance will be a new owner of the bankrupt crypto lender Voyager Digital. This comes after the failed takeover of the company by FTX, who also filed for bankruptcy. At the same time the CEO of Binance announced that the company formed a fund of $1B with the aim to support troubled crypto companies during the crypto winter. So, further acquisitions on the market seem quite possible. This was the major news on the market during the previous week, which supported BNB to increase its market cap by $6B and move its price to the level above the $300 resistance line.
BNB started the previous week at a $250 support line, however, during the whole week the price was in green territory. Positive news pushed the coin to higher grounds, ending the week by testing the $300 resistance line. From this point, the question is how far is the price of $400? RSI was also reflecting a positive investor mood, moving from 36 up to 58. This shows that the market is currently eyeing the overbought side. Moving averages of 50 and 200 days still continue to move as two parallel lines after making a golden cross at the beginning of November.
The price of BNB was strongly supported by the positive news from Binance. It might be expected to be so in the coming period. The moment to watch would be a final announcement from the company that it actually took over Voyager Digital. It will be a significant booster to the price of BNB, where it might go as high as $400. However, at this moment, more realistic would be a $350 short resistance line. BNB will start a week ahead by testing a $300 support line. In case of a short reversal, the price might go down to the level of $280. On the opposite side, there is an equal probability that the price might reach the highest level around $330.
The Make It Trade BNB + BSC is the only exchange looking towards the future of Crypto going fully on chain and likely is the most resilient towards economic downturns.
if BNB gives you a chance to buy under $100 - take it - and look for Eth style run up
Binance Coin: what a chart !First look at BNB`s daily chart might give a scary impression. At first sight it is clear that something was going on with this coin. And it was, as announcements of potential acquisition of FTX had a strong impact on BNB`s price, after which, giving up on the deal was a huge driver of the price to the downside in line with FTX`s collapse. However, in relation to other major coins, it could be noted that BNB is holding quite well during this general market downturn. During the previous week the price of BNB went from $290 down to $263. The support line at $250 has not been tested. It seems like the market is just not ready to break the $260 level.
RSI made quite shy moves between levels of 43 and 39. It shows that the market is still not ready to choose the trading side. As for moving averages of 50 and 200 days, it is still not clear if the golden cross might be fully confirmed as two lines continue to move as two parallel lines, after creating a cross two weeks ago.
Markets continue to digest all the potential risks around FTX collapse. In this sense, fundamental news would lead the game on the market also during the week ahead. In case there is more negative news, the price of BNB might go down to $250 support line. Still, in case there are no such events, the price should try to test $300 resistance in the coming days.
BNB is about to plummet
If the support below bnb is broken
it's going to start an epic crash
Follow me and take you to achieve financial freedom
BNB: Too big to fail?Bearish retest of the 21W EMA with a bearish engulfing weekly candle + inside candle suggests more downside is coming for BNB. The scary part about BNB is… there’s literally no volume recorded on BNB until into the $40’s. First stop is the 200W MA and VAH at $187
On BNB/BTC there is a weekly shooting star + bearish continuation + monthly gravestone doji in the making. All indications that if BTC starts making new yearly lows again, BNB is going to get smashed.
OKX Token is a better buy than BNB, KCS and CRO !We've been seeing a lot of pain in the market lately, which is of course fueled by the FTX bankruptcy and the aftermath it is having on the crypto world. The native tokens of exchanges in particular have taken big hits. We wanted to take this opportunity to compare the tokens of 4 major exchanges and how they are performing with a focus on the recent price action.
* The Binance Coin (BNBUSD) has been trading within an Ascending Triangle since August 10, with the price falling and staying below both the 1D MA50 (blue trend-line) and 1D MA200 (orange trend-line) since the FTX crash.
* The KuCoin Token (KCSUSDT) has been trading within a Bearish Megaphone since July 04, with the price crashing hard and staying below the 1D MA50 (hasn't been above the 1D MA200 since April) since the FTX crash.
* The Cryptocom Coin (CROUSDT) has been trading within a Falling Wedge since June 19, with the price crashing hard and staying below the 1D MA50 (hasn't been above the 1D MA200 since April) since the FTX crash.
* On the other hand, the OKX Token ( OKBUSDT ) has been trading within a Rising Wedge (which is a bullish pattern) since June 19, with the price breaking above the 1D MA50 and 1D MA200 before the FTX crash while, more importantly holding both of the as Supports after the crash.
Technically, the momentum is in favor of OKX and is our investment choice on the long-term among exchange tokens. The current price action in particular, being supported near the 1D MA50, makes it an attractive opportunity even for short-term traders that are looking for the Rising Wedge's next Higher High around $25.000.
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BNBUSD - LONG1. Mid-term hourly Bearish Trend Line Breakout.
2. Trend seems bullish
3. Starts Higher High and Higher Low.
4. TP will be at Fibonacci 1.382.
5. Bullish Hammer at recent higher low
