BNB Short liquidity testBreak of structure and RSI overbought with divergence, is usually a good signal for trade
BNBBEARUSD trade ideas
BNBUSD ❕ downward channelThe BNB is above liquidity.
Price has entered the bearish RSI zone (4H TF)
Main MAs are bearish (30m TF)
I expect further downside once BNB has consolidated below the support level.
BNBUSD Short Week 08 Chart 02Taking a short position on BNBUSD based on the formation of a head and shoulders chart pattern. The neckline support has been broken.
Based on this analysis as well as the formation of 5 consecutive red candlesticks, it appears that the chart will continue its downward trend
Binance Coin: overbought market is closeIt was a good week for BNB, as the coin managed to reach its short term target at the $300 resistance line. With the latest move, price was moved close to the overbought market, but it still has not been clearly reached, leaving some space for price`s further move to the upside.
BNB started the previous week by testing a $250 support line. Minimum price level has been reached at $240, when the coin reversed to the upside and clearly headed toward the resistance at $300. Such a move was clearly marked on the charts two weeks ago. At the same time, RSI was pushed to the level of 68, however, a clear overbought level has not been reached, which leaves some space for the price to test higher grounds. Moving averages of 50 and 200 days continue to move as two parallel lines, still without indication that convergence might soon start.
BNB reached its long awaited target at $300 resistance. In the coming days it might be expected for this level to be tested for potential for a move to the upper side. This might bring RSI to the clear overbought market, when the price might start its short term reversal. At this point, there is no clear indication on the charts that the price might go much higher from current levels, within the next few days. In case that price enters into short reversal, then it might head toward $250 support to test it once again.
Binace Coin (BNB) is breaking out! BNB is breaking out of a large Falling Wedge, the 1-week average 100 (the yellow line) is $ 304 near the $ 325 and $ 365 resistance.
We are currently priced at $ 300 if the Wall Street market and Bitcoin turn up and put an end to this Bear Market we would have strong price growth.
Great investment and great crypto, the star of Binance.
Sell BNB at 298BNB is approaching 298/300
We would see slight retracement to 275 level.
if broken 250 level next.
BNB/USDT TECHNICAL ANALYSIS Hello Traders.
I'm not much sure but IMO BNB is still in a corrective move & that is almost completed.
now we need to short it & keep stop loss above 127% of the FIB level.
Thanks & print more money as you want. just follow & stay tuned.
BNB (SELL)With this configuration (the trendline and the resistance) and the bearish trend of the crypto, we can easily sell.
$BNB Is very Strong$BNBUSD Binance Coin is stronger than most of crypto rivals.
it's good as long as it's above 233,
BNBUSD ❕ channel crossingBNB is above a strong support level and at the lower boundary of two channels.
Volatility has become low.
TD Sequential has formed an up reversal signal (4H and 1H TFs)
Price has moved out of the oversold RSI zone (1H TFs)
I expect that the asset may start to rise after exiting the descending channel and fixing above the resistance level.
SHORT BNB/USDLe prix a dessiné un triangle descendant. Nous avons une vente long terme qui s'annonce.
BNBUSDchunk as pennanty thing
but its already broken down
looks weak tbh would want to see some overall market strength before taking a position
however as the structures sitting at the lows
technically we could play the higherlow as the stoploss if we think another elliot drive is possible here
fundamentally 28th of july is fomc data so prolly should be looking for shorts here more than anything...
also august is mtgox final btc unlock could be incredibly bearish if everyone whos returned their btc sells
however these are the people who were investing in 2015 well before mass market psycology kicked into full gear so they should be fully aware of the strong fundamentals and understand that leavinng their investment for a few more years would be worth their while
my guess is on initial fud downmove then bullish unlock actual event ie btc is returned and not sold
this would time up well with speculative eth2 merge and us govmnt stock pump cycle
so makes enough sense to me...
bnb is an exchange but, considering they hold alot of liquidity its almost like a bank, biggest crypto bank will one day parity with biggest tradfi bank given there are no boarders ie its global.
Binance Coin: $300 is the next target?Binance Coin started the previous week by testing the support line at $250. Soon the coin managed to revert to the upside, reaching the weekly highest level at $276. Next resistance line at $300 has not been tested on this occasion, but with its latest moves, the coin opened a path to this level. RSI was pushed to the level of 65, but a clear overbought market has not been reached. This move indicates that the market will certainly watch this line in the coming period. Moving averages of 50 and 200 days are moving as two parallel lines for the second week in a row, however, convergence has still not started.
Technical analysis is pointing that the path toward $300 resistance is currently open. However, in order to reach this level, some short reversal might lay ahead. There is a higher probability that BNB will revert to the support line at $250 in order to test it one more time, before it reverts back to next resistance.
BNBUSDT LEVELS 21.07.2022 (1HR Candle)BNBUSDT now form the crab harmonic pattern ,once its conformed then will expect 265-270 in short term
BNB - Binance Coin - Elliot Wave - Wave5 is Pending BNBUSDTBNB - Binance Coin - Elliot Wave - Wave5 is Pending BNBUSDT BNBBTC
exit below 230
BNBSubscribe to my TradingView profile❤️
Classic technical analysis, nothing more...
I expect a test of the support line and a reversal...
