BNBETH trade ideas
BNB and ETH ?Another good market these days is Binance coin vs eth.
As you can see in the 4-hour chart and time frame,
we have both an ascending channel and an ascending triangle!
This promises a 10% profit for us.
This is a personal opinion and its use depends on your knowledge of technical analysis and review.
Good luck and profitable.
Jumping from ETH to BNB here BNBETHETH did it's marvelous advancement leading large CAPS into ATH. Now BNBETH is at a very strong support on the daily and weekly charts. I see it is time to move the funds from ETH to BNB and ride the wave from there for BNB to advance and make new ATH vs BTC and USD and ETH along.
The Biggest Battle in CryptoThis is not as much Technical Analysis as it is Fundamentals, or more specifically, just my opinion.
When I recommend friends and family to crypto, I don't usually recommend Bitcoin BTC. I tell them about Etherium ETH and Binance BNB.
I admit that BTC is a work of art and a saving Grace, in a sense, but it’s heavily shrouded in mystery. It leaves more questions then answers and frankly, I like knowing all about my investments.
After BTC was launched some clever people at ETH space saw an open source opportunity and jumped onto it. Finding ways to better the program and use it in a functional sense. And as a result are a powerhouse today.
Then came along, Binance, who created BNB and BSC.
Now I love BTC and many alts, but It’s BNB that has showed the greatest thirst for success, functionality, and affordability. Although ETH is a force to be reckoned with. Both are the leaders and have the most abundant and diverse following, including people actually building on their framework.
but have you tried sending ETH (ERC20) lately... or staking it... OUCH!
BNB (BEP2/BEP20) is cheap and fast!... That’s pretty much the punchline
CZ has a wonderful and supportive view on the crypto space. His philosophy is there is no competition, just opportunities. And he actively supports talent entering the space, partnering with Swipe and Venus lately (check it out)... and I agree that there is no competition, there is plenty of room for growth for all, it’s just that I see BNB continuing to catch (quickly) on the leaders... and why shouldn't they, if I was a business trying to enter the crypto space, absolutely I would love someone to invest in me.
I challenge you to pull up any chart of BNB vs any other Top 10 Alt, and tell me what you think. It’s common to see younger alts rise quickly compared to their long-standing competitors, BNB will face the same fate... but to me BNB is not just a coin, it’s a business, investing in crypto businesses. I invest in people and their ideas, and BNB/BSC has insane potential. I invest in Binance because if I’ve seen anyone in the crypto space move mountains (lately), its these guys...and no, I don't work for them, but I probably would if they offered me a job.
It is also the hardest coin to chart, in my opinion. possibly because its gaining so much new interest and because they burn a heap of coins every now and then (so I’ve been told). All I’m saying is if crypto is going to the Moon, then any coin that burns itself, will do well.
...and I think crypto has to go to the moon, because every Reserve Bank currency in the world is becoming hyper inflationary. So I guess the real question is, “Is crypto going up in value, or is fiat crashing hard, both would look the same on a chart.
so without further ado, here’s my top picks, in order BNB, ETH, and mystery coin.
however, with all due respect to BTC
- to date, BTC has shown that it affects all markets. The very circumstances that effect the price of BTC also have a similar affect on all other alts. For this reason I give it a lot of my attention, as it gives me a feel for how other markets will react.
but investing is one thing, trading is another. I use to trade, not always well... but now I think it better to sit on it and wait til its easy for this currency to be used.
I still tell my friends, a small investment now...
BNB/ETH at Strong Support. Levels to Watch. +++BNBETH pair has reached the low of the Kumo Cloud
which coincide with the lower line of a symmetrical
wedge. The projected Cloud is bullish, so one could expect
support around the 0.223 level. Even a breakout below
could be absorbed, due to the bullish projected cloud.
At current levels it is a wait and hold situation for
potential Eth buyers, since chances are we will see
a bounce from these levels. Only a strong break and hold
below the Cloud and wedge will be bearish and will
likely cause a strong capitulation towards Ethereum.
A bounce will first target the Kijun sen (white line)
and ultimately the upper cloud and upper line of the
wedge.
BNB not so solid as previously thought?What if Binance Smart Chain is not the new paradigm we were all hoping it would be?
ETH should step back into the limelight.
Let's check back on this chart in a few weeks...
Yeah I think we topped guysI like CZ despite Binance discriminating against us USA residents and kicking me off ! But its Vitalik's time to take back the role of savior of the blockchain.
BNB/ETH - 2x - 3x gain?BNB is consolidating into a ascending triangle, which it has recently broke out against, and tested a previous all time high. This is very bullish, and this pattern will continue.
WE may not get to see the full pattern develop if the market dynamics change, which they can do so without warning. However, this looks to be going up to at least .28
BNBeth Fib Channel AnalysisOur Ultimate Oscillator is hitting a short term wall with the green fill on the third set of oscillators.
RSI still seems to pointing towards more bullish action.
Nearly hit the 0 line of my long term upwards fib channel.
Bounced off the 0.5 line of my long term downwards channel, then bounced off it back up in price to 0.382, at which point we bounced down off the 0.236 Upwards Fib Channel.
Still hanging around 0.382 on the downwards channel though, if we don't break backdown towards or below our upwards 0 line I am expecting more pumping to come this month as futures just expired. I think this month will have some real good pumping.
BNB stealing directly from ETH, do see what I seeI’ve mentioned that subject in previous ideas,
Not the first time I say that BNB is stealing the show!
Technical analysis not 100%
Beware of Ethereum updates,
As mentionned previously, the BinanceChain has a working product with low transaction fees and the market cap!
This is not financial advice,
Follow the money
9to5
Great triangle⚖️shhhh...binance coin whispers about money, wolves🔥
There is a great formation of Symmetrical triangle on BNBETH crypto pair.
There was a strong bullish sentiment before and now the price is in a consolidation.
According to Elliott Waves theory all the waves are done and now the price is heading to the breakout.
Follow the chart and look for the breakout carefully.
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ACCUMULATION ETH ?? 1 BNB = 0,25 ETH ? BNB ready go to MOON 🚀BNB coin ready to fire !!! 🚀🔥
The energy on the chart is exactly the same as before the last BNB price explosion🔥👌
trend is Bullish and gaining momentum.🐂🐂
A good opportunity to accumulate ETH.👀
1 BNB going to 0,25 ETH or more ???
SMARTCHAIN is just starting to move and it needs BNB, it is also a very strong competition for the ETH network...
Good luck and remember that all you are doing is your own conscious choice :)
Bullish market?!🐂Great morning starts with the great trade, wolves🔥
There is a great formation of symmetrical triangle on BNBETH crypto pair.
There was a strong bullish sentiment before and the price is in consolidation now.
Is it a confirmation of continuation trend or not?
According to Elliott Waves theory Wave D is done and price is heading to Wave E. However this triangle may be circumcised and break the level much earlier.
So follow the chart and look for the breakout carefully.
If you enjoy my FREE Technical Analysis , support the idea with a big LIKE👍 and don't forget to SUBSCRIBE my channel, you won't miss anything!
Feel free to leave comments✉️
And always remember: "we don't predict, we react".
BNB: Road to $100assuming there is a maintained interest in crypto markets, im mostly impartial to where the big boys go; speaking price-wise. As long as there isnt a sudden exit of confidence, Alts will continue to appreciate against the top coins ( also assuming a continued use case for the alt in question obviously).
I have a building interest over BNB, given its stature in the community and it's underlying exchange's trading volume. It doesnt serve an extremely large purpose, however it has become a reliable manifestation of the over all presence currently engaging in crypto trades.
Planning to enter a margin-based BNB position against ether in the coming days.
Initial (and flexible) target: .0325
cheers
💡 Don't miss the great buy opportunity in Binance Coin/EthereumTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.05028). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. Binance Coin/Ethereum BNBETH is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 52.
Take Profits:
TP1= @ 0.058520
TP2= @ 0.068560
TP3= @ 0.082360
TP4= @ 0.096990
TP5= @ 0.116030
SL= Break below S2
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💡 Don't miss the great buy opportunity in Binance Coin/EthereumTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.05028). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. Binance Coin/Ethereum BNBETH is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 52.
Take Profits:
TP1= @ 0.058520
TP2= @ 0.068560
TP3= @ 0.082360
TP4= @ 0.096990
TP5= @ 0.116030
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex trader ?
Now, It's your turn !
Be sure to leave a comment let us know how do you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
