BNBETH trade ideas
Will ETH outperform BNB during the coming hours/days?Hello traders,
We are back with a new interesting trade! Yesterday was a very profitable day because BNB reacted as expected. It went down and we scalped some longs along the way down.
This time we don't trade BNB against tether. Instead, we will use the BNB/ETH pair!
We think that ETH can outperform BNB with +- 9% so we will switch some BNB to ETH and buy it back around 0.0967.
Happy trading!
BNB/ETH Elliott Wave AnalysisBNB/ETH just completed 1st of 5th Primary wave. A corrective wave ABC is on its way. Short term buying opportunity to watch out!!!
Wave c end = 0.0480000 - 0.500000 (Buy)
Wave 5 end = 0.085000 - 0900000 (Sell)
DMI Indicator = Downwards momentum about to gather speed
Currently position = sell
A second Chance to Buy in BNBETH...Midterm forecast:
There is no trend in the market and the price is in a range bound, but we forecast resumption of uptrend.
Technical analysis:
. The price is above the 21-Day WEMA which acts as a dynamic support.
. Relative strength index (RSI) is 45.
New trading suggestion:
*There is still a possibility of temporary retracement to suggested support line (0.0345). if so, traders can set orders based on Price Action and expect to reach short-term targets.
* If you missed our first HUNT, you have a second chance to buy above the suggested support line (0.0345).
Entry signal:
Signal to enter the market occurs when the price comes to "Support line" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" , in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about "Entry signal" and special version of our "Price Action" strategy FOLLOW our lessons:
New Take Profits:
TP1= @ 0.03450
TP2= @ 0.03951
TP3= @ 0.04200
TP4= @ 0.04550
TP5= @ 0.04940
TP6= @0.05175
TP7= Free
Trade Setup:
We opened 5 BUY trade(s) @ 0.027570 based on 'Valley' entry method at 07.25.2018.
Total Profit: 27991 pip
Closed trade(s): 11250 Profit
Open trade(s): 16741 Profit
Closed Profit:
TP1 @ 0.02669 touched with 0 Profit.
TP2 @ 0.02871 touched at 07.26.2018 with 1140 Profit.
TP3 @ 0.03075 touched at 07.28.2018 with 3180 Profit.
TP4 @ 0.03450 touched at 07.28.2018 with 6930 Profit.
0 + 1140 + 3180 + 6930 = 11250
Open Profit:
Profit for one trade is 0.044311 (current price) - 0.027570 (open price) = 16741
1 trade(s) still open, therefore total profit for open trade(s) is 16741 x 1 = 16741
All SLs moved to Break-even point.
A second Chance to Buy in BNBETH...Midterm forecast:
There is no trend in the market and the price is in a range bound, but we forecast resumption of uptrend.
Technical analysis:
. The price is above the 21-Day WEMA which acts as a dynamic support.
. Relative strength index (RSI) is 45.
New trading suggestion:
*There is still a possibility of temporary retracement to suggested support line (0.0345). if so, traders can set orders based on Price Action and expect to reach short-term targets.
* If you missed our first HUNT, you have a second chance to buy above the suggested support line (0.0345).
Entry signal:
Signal to enter the market occurs when the price comes to "Support line" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" , in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about "Entry signal" and special version of our "Price Action" strategy FOLLOW our lessons:
New Take Profits:
TP1= @ 0.03450
TP2= @ 0.03951
TP3= @ 0.04200
TP4= @ 0.04550
TP5= @ 0.04940
TP6= @0.05175
TP7= Free
Trade Setup:
We opened 5 BUY trade(s) @ 0.027570 based on 'Valley' entry method at 07.25.2018.
Total Profit: 27991 pip
Closed trade(s): 11250 Profit
Open trade(s): 16741 Profit
Closed Profit:
TP1 @ 0.02669 touched with 0 Profit.
TP2 @ 0.02871 touched at 07.26.2018 with 1140 Profit.
TP3 @ 0.03075 touched at 07.28.2018 with 3180 Profit.
TP4 @ 0.03450 touched at 07.28.2018 with 6930 Profit.
0 + 1140 + 3180 + 6930 = 11250
Open Profit:
Profit for one trade is 0.044311 (current price) - 0.027570 (open price) = 16741
1 trade(s) still open, therefore total profit for open trade(s) is 16741 x 1 = 16741
All SLs moved to Break-even point.
BNBETH take careHeyy friends , fast one for BNB Holder , if your trade it against Ethereum , we are on very high value , hard to imagine can win very much more. Even if Ethereum is not in good health.
We have a long RSI hidden bear div.
All support/resistance lines are the same and here from my last idea of 28 july , 0.028~ to look and 0.025~
I think of strong chances to see correction on BNB .
kiss kiss
A trading opportunity to buy is near in Binancecoin Ethereum...A trading opportunity to buy is near in Binancecoin Ethereum...
Technical analysis:
. BINANCECOIN/ETHEREUM is in an uptrend and continuation of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 75.
Trading suggestion:
. The price is in an uptrend and we forecast the uptrend would continue.
. There is a possibility of temporary retracement to suggested support zone (0.02503 to 0.02330). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.02503)
Ending of entry zone (0.02330)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.02669
TP2= @ 0.02871
TP3= @ 0.03075
TP4= @ 0.03450
TP5= Free
A trading opportunity to buy is near in Binancecoin Ethereum...Technical analysis:
. BINANCECOIN/ETHEREUM is in an uptrend and continuation of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 75.
Trading suggestion:
. The price is in an uptrend and we forecast the uptrend would continue.
. There is a possibility of temporary retracement to suggested support zone (0.02503 to 0.02330). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.02503)
Ending of entry zone (0.02330)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.02669
TP2= @ 0.02871
TP3= @ 0.03075
TP4= @ 0.03450
TP5= Free
BNBETH in a ascending triangle (and a lot of Fibs)This is just a quick follow up idea on my "How To Trade BNB" post.
But this one is for BNBETH.
I know I used a lot of Fibs in this analysis, but they worked very well in the past for this pair.
We are in a very strong uptrend/channel right now.
Using the Fibs you can easily see an ascending triangle formation (same idea as in the main post).
The orange boxes are the Buy/Sell areas as usual.
This is just supposed to be a quick extension to "How To Trade BNB" series, showing you that the same thing is also happening for BNBETH.
If you want my exact strategy how I trade these patterns take a look at the main post below.
BNBETH to followHi friends , so sad cause i sent a idea about bnb/eth 5 days ago , looks it wasnt published, i gave a entery at ~0.0252 and got my order filled at 0.025185
image.ibb.co
Anyway lets share felling today , it's not time to buy , be patient , for next entery , i think the good oppotunity is at ~ 0.027150 or 0.0287 . (if this come before orange resitance hit)
Resistance to watch on Orange line :
- I 'm planning to sell here (0.033 ~ 0.034) , If we fail to cross this level , would probably have a important correction & opportunity to reload. I think 38.20% or even 50% retracement is not impossible. Would see later.
- If buyers got this next level (0.034 cross) i'll check for entery point then.
Events:
31 October 2018 (or earlier)
Coin Burn
Each quarter Binance uses 20% of profits to buy back and burn BNB, until 100MM BNB are burned.
I share my feeling , i didnt told you what to do , you are reponsive of your clics :)
Binance
Kisses
BNB / ETH Target 0.036286BNB / ETH has remained bullish and the uptrend appears to be holding. At the moment I am waiting for confirmation. The wave could collapse and break support. Where would you place a stop loss? I was thinking 0.030800. Any thoughts and feedback would be appreciated. Thanks and happy trading.
BNBETH MACD CONSOLIDATION & POSSIBLE BEAR FLAGThe MACD indicator on Binance Coin - Etherium pair is approaching a focused macd trend wedge, which may indicate that there will be movement as the wedge constricts. Additionally there is an indication of a rising wedge in the candle formations, lending some credence that the movement will be lower still.
This could be the result of a divergence in price with Etherium climbing higher at a faster rate with BNB lagging behind. In addition it IS possible that BNB COULD advance faster than ETH, with Binance's continued policy of buying back of it's coins, but that is an unpredictable event. Still much is expected from BNB in the coming months as it continues it's march towards ever higher prices so still a solid buy and hold option in my opinion.