BNBUSD - LongMy trade plan for BNBUSD - buy near dips (HLs) and sell some of it with reward-risk ratio of 1/1. Play with rest of the lot.
BNBPERP trade ideas
Stay FrostyThis is so obvious its dangerous!!! BNB looks rough if it cant hold above $348.
(As always Never Financial Advice)
BNBUSD (4H) - Bullish breakoutHi Traders
BNBUSD (4H Timeframe)
The market is in an uptrend, and we are waiting for an entry signal to go LONG above the 339 resistance level. Only the downward break of 315 would cancel the bullish scenario.
Trade details
Entry: 339
Stop loss: 315
Take profit 1: 352
Take profit 2: 375
Score: 8
Strategy: Bullish breakout
BNBUSD: Under a KEY RESISTANCE! What's next?• BNB is very bullish, but it has to face its most challenging resistance now, around $337;
• The $337 is a triple-resistance area, as seen in the daily chart, and only if BNB breaks it, we’ll see a bullish run to the next resistance at $413;
• However, if BNB fails in breaking this resistance, and triggers the Double Top chart pattern seen I the 1h chart by losing the purple trend line, a pullback is plausible;
• The next support level is at $299 (red line), near the 21 ema in the daily chart – making it a dual-support level;
• So far, the situation is under control, and the volume is quite high. Let’s pay attention to these key points.
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BNBUSD BUYWe can buy BNBUSD. it is at a DAILY support(RANGE) + buyers came in strong + we have a good SL spot after the rejections.
BNBPERP - Expect a price reduction.A lot of binance launchpad users remain locked in at local highs. We may see panic selling and expect a local correction first target mid-range, second lower boundary.
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P.S. Always do your own analysis before a trade. Put a stop loss. Fix profits in installments. Take profits out in fiat and make yourself and your loved ones happy.
BNB scalpcompletion of Wave 5 into target area. Shorts also looking tasty at that level too.
Target based on fib ext of wave 3.
BNB - A special ideaNormally I don't post Altcoins ideas here, but Here is a special one. I think everything marked on the chart speaks for itself . Treat it as a hint, not financial advice.
Binance Coin: overbought is near It was a positive week for BNB, as the positive market sentiment pushed the price to the level of resistance at $300. The last time when this level was tested was at the beginning of October this year. Highest level reached during the week was $308. On a positive side is also that the $250 support line has not been clearly tested since August this year, showing that the market was clearly set to the upper side.
During the week RSI reached level of 70, which is a clear overbought market side. After this, it could be expected some short reversal to the downside. Moving averages of 50 and 200 days are quite modestly converging toward each other, still postponing the golden cross.
BNB will start a week ahead by testing the $300 resistance line. Considering that the RSI had reached a clear overbought side, there is high probability for a short reversal. In this sense, $270 might be a short term target. The prevailing buying orders would certainly seek the higher grounds. In case that $300 resistance is clearly breached to the upside, it will open a path toward $330. Current charts are showing that there is some probability for such a move in the coming period.
BUY BNB - (MID / LONG TERM HOLD)I believe we are gradually getting out of this extremely boring bear market. I didnt expect it getting that long but I expect 20k to be hold which it happened. Anyway, I can advise that BNB is one of the coins that has a good potential to go up in a mid / long term.
Channel PatternHEY GUYS i just identified and drawn a channel pattern in BNBUSD, So we wait for the direction of the price break out and retest.
BNBUSD TREND TA 4HTrend analysis based on few indicators in 4h time frame, updated from last analysis.
BNB/USD ShortThis coin has been on a bearish momentum for the last 2 months, from the highest high for the past 5 months. Each week, a new lower higher and lower low is formed and there is no indication of the reversal of the momentum. I anticipate that the price will continue with the bearish momentum if the price breaks the lower low @ 268.2
My entry is 268.0 with targets at 263, 258 and 253. My SL is at 278.
My R: R is 1: 3
Remember, only risk 1% of your account.
Binance Coin: decreased trading volumesIn line with the general market sentiment, BNB was traded flat for the last two weeks. But, compared to the week before, last week BNB`s coins in circulation decreased by 0.8%. This is not at all something that is usual when BNB is in question, but it shows a sort of reluctance among investors to make bets at this moment. The price of BNB was moving from $275 at the beginning of the week, down to $264 only on one occasion. The coin is ending the week around level of $270.
RSI is still not ready to head toward the overbought side of the market, as the indicator was moving between levels of 48 down to 42. Moving averages of 50 and 200 days continue to move as two parallel lines, without indication that the golden cross is in store within a short future period.
Markets are currently watching macro fundamentals, in which sense, the majority of the crypto market is set aside from their view. Significantly decreased daily trading volumes support this standing. In this sense, it could be expected for BNB to continue to move within a previous range, in a mid of the $300 resistance and the $250 support line. At this moment, there is no market strength to push the coin price to either side.
Binance Coin: pressure to downsideAfter not being able to clearly break the $300 resistance line during the previous few weeks, it was expected that the price of BNB would revert a bit to the down side. On the other hand, currently significantly decreased trading volumes on the crypto market, made an impact for BNB to be traded in a very short range during the previous week, between levels of $267 and $277. Such a short range is not quite common for BNB, but was influenced by general reluctance of investors to place their orders.
The price of BNB reached a level of $255 on Friday, after the release of the US inflation data. It was a short and immediate market reaction to fundamental news. Although the market soon returned to previous levels, it still shows that traders are currently more oriented toward the downside. RSI remained relatively flat, moving in a range between 46 down to 40. Moving averages of 50 and 200 days are still moving as two parallel lines with a clear down trend. The golden cross is still on hold.
Due to an unstable macroeconomic situation, the market is still on hold. In this sense, strong market moves are generally not expected. Still, what is evident with BNB but also many other coins on the market is that there is pressure to the downside. In this sense, there is some probability for BNB to head toward the $250 support line, as charts are clearly pointing at this level for a few weeks now. On the opposite side, there is some probability for BNB to revert shortly to the level of $280, but at this moment, charts are not showing that there is potential for $300 in the week ahead.
Binance Coin - a growth perspective to resistanceAfter successful withdrawal of liquidity and realization of purchases in the zone of interest, the buyer gained a position. But a test of purchases is possible. At the moment, the chart is aiming for the resistance level. The following scenario is possible: after the resistance zone the price will leave to test the buyer, then there will be a logical completion of this formation to open a long position.
If you liked the idea, give it a like. That's the best "Thank you!" for the author 😊
P.S. Always do your own analysis before a trade. Put a stop loss. Fix profits in installments. Withdraw profits in fiat and make yourself and your loved ones happy.
BNBUSDTSTOPLOSS IS MUST
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PAIR BNB
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Control your emotion if you are trader
Binance Coin - want to see a healthy resumption of purchases.After the lack of demand at the upper limit of the rand, the price has gone to test the buyer. On a downward move, all supply is absorbed by a strong player. For a further move, you want to see a flat with an exit into a trending move.
If you like the idea, give it a like. That's the best "Thank you!" for the author 😊
P.S. Always do your own analysis before a trade. Put a stop loss. Fix profits in installments. Withdraw profits in fiat and make yourself and your loved ones happy.
BNBThe price is moving in a falling channel and has fallen to the lower border, so a bounce up or sideways movement to the upper border of the channel is possible. The nearest support and resistance levels are indicated
Binance Coin: slowing downSince the beginning of August this year, BNB was testing the $300 resistance line, but without market strength to clearly break this level. Same situation was during the previous week. Another attempt, without success, due to general market reluctance to enter into riskier assets due to an unstable macroeconomic environment. During the week the coin was moving between levels of $278 up to $300.
RSI indicator tried to head to the upside, but at 62, the indicator reverted to the downside and to the level of 50. There is still no indication that the market is ready to head toward the oversold side. Moving averages of 50 and 200 days continue to move as two parallel lines with a clear down trend. The golden cross is certainly not in the store for some time in the future.
Current charts, which are dominated by the significantly decreased daily trading volumes, indicate a potential for $250 to be tested for one more time. However, whether that will occur during the week ahead, is unclear at this moment. Small daily trading volumes would certainly not have the strength to drag the market to either side. In this sense, there is currently a high probability that BNB will continue to move in a relatively flat way, probably between $260 and $300.
BNB long I would rather look for long than short on BNB.i was not able to cought BNB short. I was stopped out. My idea was to counter trade the trend, to at least take my short to a discount zone.
The price action we see today was influenced by the announcement that the Binance chain has been exploited, which we as technical analyst know where the price will probably reverse.
The reason for this dump is the sell stops which has been put below the short term low being triggered, therefore, the market was flooded with sell orders.
This dump will surely short live.
I will be looking for an entry around 282 and my sl will be around 278. if I got stopped out I will looking at the 270 or 268 for possible reentry.
Binance Coin - local trend break and weak resumption.At the moment, the chart shows the lack of demand after the breakdown of the trend line.
Possible test of the buyer.
If you liked the idea, please like it. That's the best "Thank you!" for the author 😊
P.S. Always do your own analysis before a trade. Put a stop loss. Fix profits in installments. Withdraw profits in fiat and make yourself and your loved ones happy.
