BNBBTC trade ideas
Bullish on BNBBinance is about to release its Binance Chain Mainnet upgrade, which will allow DeFi projects to migrate into Binance Chain.
DeFi projects are suffering from high fees on Ethereum, and binance is about to take over... it will be interesting to see if Binance will succeed in their mission to take over.
If that happens, BNB upside is big.
An outlook of Binance Coin. $BNB coin acting as a discount coin to pay trading fees on Binance is in quite an interesting position here.
The down trend on BNBUSDT is broken with BNBBTC falling wedge breakout, we estimate that $BNB will reach all time high on BNBBTC and near $60 on BNBUSDT
How to trade?
Trading is just like programming where you use IF-THIS-THEN-THAT method, if BNB broke resistance then it will to go the next resistance, simple as that.
In this case the huge gap between 0.0026 to 0.0048
*NOT FINANCIAL ADVICE
Binance Coin Goes Above EMA300, Strong Bullish PotentialBinance Coin (BNBBTC) is now trading above EMA300, this level has been working as resistance since February, take a look:
EMA200 and MA200 were also taken out yesterday, this is a strong bullish signal.
As long as BNBBTC remains above all these levels, we are strongly bullish, prices can continue straight up.
If prices break below the EMA300 grey line, we still stay bullish and expect higher prices as long as prices remain trading above 0.0018908.
Make sure to have your plan and strategy before you start to trade.
Thanks a lot for reading.
Namaste.
BNB/BTC, does 4-20 days downtrend is over? Looks like BNB team were smoking for too long. More than 420 days of the downtrend of the one of the most perspective and advertised coin.
By the book - should be an explosion. Chart confirms.
In the real world - will see. Thats a specific coin with a specific owner.
Think twice on the stop-loss.
BNB about to jump higherBNB about to jump higher
BNB does not usually move too fast so this may not be an overnight success.
I am a painter and i like to draw lines.
BNB Falling WedgeBNB Falling wedge pattern, potential pump to the upside, as we had mainnet news coming in 30 sept
BNB Short SWING TRADING STRATEGY
BNB / BTC doesn't seems good, diamond pattern occurs, if the price break the support then the short is start
If you zoom out the 1D timeframe of BNB / BTC, you will see the channel downtrend, the support of channel downtrend is our target
the target is mapped using green line.
See my other swing trading analysis :
www.tradingview.com
BNBBTC LongBNBBTC has made a clear breakout of the wedge and retested the area. From current level I am going long, targeting minimum 30% gain.
BNBBTC: LongBNBBTC has made a clear breakout of the wedge and retested the area. From current level I am going long, targeting minimum 30% gain.
BNB/BTC is in a BIG BULLISH TRIANGLE! Up to 22% gains!BNB/BTC is in a BIG BULLISH TRIANGLE! Up to 22% gains!
And BNB has a contest going thru the 27th of August (possibly longer).
BNB should get some nice gains ahead.
Plus, by holding BNB you get a discount for trading on Binance.
Trade safe my friends...
BINANCE:BNBBTC
Ready for the next cycle?I tagged some dates on the chart.
Each cyle consists an uptrend and a downtrend.
In my opinion,the downtrend is much longer than uptrend,ratio between them is 1.5-2, so nowerdays the daily downtrend may continue to 1st April.
Each cycle takes longer time than the former. The last cycle takes about 1.5 year. So the next is longer, maybe 2 years.
A good news is I think from the comming weeks we may begin an uptrend in 1 year or more.
Binance keeps BUIDL, so as BNB.
FYI
BNB/BTC Breakdown of the downtrend. Past ideas +23 13 58 70 125%BNB / BTC Breakdown of the downtrend line + 13.13%. A double bottom figure is formed at the local level.
Fixing the price above the downtrend will mean a trend reversal and exit from the accumulation channel.
These movements are on the coin and the work was shown and described in advance in this trading idea in March (3):
BNB / BTC Accumulation channel. Trend reversal zones Coin operation.
Profit + 23% + 13%
BNB / USDT trading idea published in January:
BNB / USDT Channel Up. Cycle. Wedge. Pivot zones.
Profit long + 58% short + 70% long + 125%
1323
