BNBBEARUSD trade ideas
Binance Coin - 10.000% RallyHello Traders, welcome to today's analysis of Binance Coin.
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Explanation of my video analysis:
After the break and retest on Binance Coin back in 2020 we saw an insane rally of +10.000% towards the upside. Recently BNB then broke out of a longer term triangle continuation pattern and can now potentially create a similar rally. I am now just waiting for a break and retest of the structure mentioned in the analysis and then I my first target is the previous all time high.
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I will only take a trade if all the rules of my strategy are satisfied.
Let me know in the comment section below if you have any questions.
Keep your long term vision.
Binance aims to breach $400, eyes 10% hike
Retest and Breakout Potential: After retesting $350, BNB is projected to run beyond $400, with resistance expected at $440.
Quick Recovery in Altcoins: Despite Bitcoin's slow movement above $50,000, altcoins like BNB are rapidly recovering, placing Binance among today's top performers.
Market Cap Insights: With a $56 billion market cap, BNB is regaining popularity, still at a 45% discount from its all-time high of $690.93.
All-Time High Possibilities: The ongoing bullish reversal improves the chances for BNB to reach new all-time highs.
Technical Analysis: A sharp V-shaped reversal and a rounding bottom pattern with the neckline at $350 indicate strong uptrend support.
Trading Volume and Sentiment: A 7% overnight jump and bullish engulfing candle suggest a solid entry point, with trading volume backing the uptrend continuation.
Current Trading Price: BNB is trading at $379.8, with a Doji candle indicating a brief pause before likely trend continuation.
DMI Indicator: A sharp increase in the ADX line shows a significant spike in trend momentum, supporting the bullish stride.
Short-Term Targets: In the short term, BNB aims to break $400 with eyes on $440 as the initial resistance level.
Long-Term Price Outlook: The 30% price jump in the last 30 days and the momentum beyond $350 suggest a bullish trend continuation, with a potential aim for $700.
BNBUSD (W) Will wave 5 happen ?BINANCE:BNBUSD
BNBUSD (W) Will wave 5 happen ?
BNBUSD (W) represents a digital currency generated by the BINACE exchange, fostering liquidity through transaction fees levied on retail investors. The question arises as to whether BNB can induce a surge in price amid a potential upswing in the near future, culminating in wave 5 prior to the next correction. Adhere to the strategy and remain vigilant for a favorable entry point should the market unfold as anticipated
BNB Feb 7 Breakout UpdateSharing one of my favorite #crypto coin update from TTR
We have been tracking it perfectly all the way from Oct lows.
TTR is very long this coin and its on its way for a breakout!
- Bulls must break above 309
- Bears must hold 296
Binance gets associated with China, and I assume it should start to outperform BTC and potentially even ETH into a mid-month high. Saying that - I will start to cut at 371 and above 400 levels.
Third wave of double zigzag patternDear Friends,
I hope this message finds you well and that you're having a great start to the week. I wish you success in your business endeavors.
As someone interested in the Elliott Wave principle, I find it a valuable tool for analyzing the market. I have developed my approach by combining this principle with my personal experience and by considering various scenarios that are likely to occur in the market.
I am sharing my analysis with you, but please note that I am not providing any buy or sell signals. I aim to share my unbiased analysis with you so that you can use it as a guide to make informed decisions.
In the attachment, you will find my previous analysis of the same market, so you can compare and see the differences. All the details of my analysis are clearly labeled, making it easy for you to understand (although having a basic familiarity with the Elliott Wave Principle theory will help you understand the analytical idea more easily).
I have been studying the Elliott Wave principle for almost three years now. With time, my understanding of this knowledge and experience has increased. What I have achieved so far is a legacy of a genius named Ralph Nelson Elliott, and I am truly satisfied with my progress. May his soul rest in peace and his memory be cherished.
Thank you for your support so far. I am grateful and will always remember your kindness. Please feel free to share your thoughts and feedback with me.
I hope my analysis will be useful to you in your business journey, and I wish you all the best.
Sincerely,
BNB Price Exhibits Reversal Chance Under Market CorrectionSideways Market Movement: BNB exhibits a lateral trend amid a broader market slowdown.
Resilience Above $300: Despite Bitcoin's crash and altcoins' downturn, BNB sustains above the $300 mark.
Potential for a 52-Week High Breakout: A reversal and bounce back from current levels might challenge the yearly high of $352.2.
Recent Price Drop Impact: An overnight 4.08% drop signals possible deeper corrections for short-term BNB traders.
V-Shaped Reversal Under Threat: The recent decline challenges the recent V-shaped recovery from $300.
Overall Bullish Outlook for 2024: Despite current bearish trends, long-term forecasts remain positive.
Current Trading Dynamics: BNB, with a 51% growth in 100 days, shows potential upward momentum.
BNB's Trading Volume: With a significant 24-hour trading volume, Binance maintains its top position in centralized exchanges.
Technical Indicators - MACD: The MACD indicator shows a lack of bullish crossover, highlighting the recent bearish attack.
Recovery Potential This Week: Current intraday growth suggests potential for overcoming the bearish start of the week.
Key Resistance at $320: Overcoming the 78.60% Fibonacci level could propel BNB to the $350 region.
Downside Risks: A continuation of the bearish trend might lead BNB to retest the crucial $300 support level.
BNB IS VERY BULLISH (1W)Previously, for BNB, we considered a diametric, but the conditions of the waves are such that it seems that we are inside a triangle.
It seems that we are now in the final wave of this triangle, the E wave.
Based on the signals we have on the chart, we think $207 is the absolute bottom for BNB!
By maintaining the key level, which is $207, it can move towards the targets.
Our stop is the close of two weekly candles below $207. Further confirmation is when RSI resistance is broken above
✴️ Binance Coin Short | Final Call (Lev. Trade Setup)I will not say 8X or 10X because the amount of risk or lev. you want to take/use is completely up to you.
I will not say that 255 is an easy target short-term, that is for the market to decide.
I will say though that a new lower high is about to be confirmed on this timeframe, coupled with high volume.
Lower highs since the 28th of December works as a strong bearish signal.
As long as this signal remains in place, we can expect lower prices —the bearish potential is full and active.
Invalidation comes if we get a higher high compared to 3-Jan.
Any trading below this point and the chart setup is bearish.
This is not financial advice.
Do your own research and planning.
Good luck.
Namaste.
BINANCE BNB About To Fall Off The TableBNB has formed this giant descending triangle which is a very bearish setup. BNB went up 700x from its lows to $700. That type of move requires a much larger correction consolidation. BNB will fall like DOGE did after its massive run up before its next move up. BNB may not participate in this bull market and have to wait till next bullmarket if it survives.
When something goes from 90 cents to $700 in such a short period of time that sort of move is not sustainable. BNB is extremely overvalued. Its not a representation of the value of Binance but rather just a token that its only use is to trade on Binance and the coins on Binance Smart chain, which arent that special. BNB is way overvalued in my opinion. A massive correction is on the way. Some type of news will come out to make this happen probably after a fake out breakout of this triangle in a couple weeks to a month. Also theres still 50 million coins left not in circulation. Thats 25% of the total supply.
The RSI has hit the bullsh control zone and failed to break it. Last time this happened and BNB got rejected at the Bullish control zone was back in November 2021 when it dropped so fast and hard your head spun. The STOCH RSI is also pointed straight down on the weekly.
Not financial advice just my opinion.
This was the DOGE chart I made back in December of 2021 when everyone called me crazy. The move played out exactly as I predicted. You should go read some of those comments, they are humorous to say the least.
BNB Breakout alert 🧲💯‼️🎯😁 25% move incoming?Not financial advice.
Notice this big inverse head and shoulders.
Need daily closes to stay above 254.00
That we have now broken out of at 254.00 .
Target upon completion is 318.00
Equal measure move to neckline is 25%>
Stop loss 223.00
Always do your own research
And always Practice patience
Wait for the setup before entries as we see here.
#PIK
Patience Is Key
#TLAW
Think Like A Whale
BNB Price Looks Out For A Rally to $350!Current Momentum: BNB demonstrates a bullish recovery, trading at $320.5 with a 1.42% intraday increase, aiming to surpass the recent peak of $323.
Key Developments: BNB successfully retested the $300 level, now targeting $350. The price has risen by 56% in the last 90 days, backed by significant trading volume spikes.
Technical Patterns: Exhibiting a short-term rounding reversal, BNB reclaimed the 78.60% Fibonacci level.
Market Position: The bullish momentum amidst a broader market retreat underlines Binance's strong position, suggesting a promising start to 2024.
Technical Indicators:
MACD Bands: A potential negative crossover is being offset by the ongoing recovery, indicating higher levels could be reached.
EMA: Both the 20-day and 50-day EMAs signal a robust upward trend.
Price Outlook: If BNB successfully breaks past $323, a push towards $350 seems feasible. The overall market recovery lends further support to this uptrend.
Long-term Perspective: In 2024, BNB could potentially reach or even exceed $400, riding on its current momentum.
Downside Risk: A trend reversal might lead BNB to retest the $280 support level.