BNB - Top-Down Analysis!Hello everyone, if you like the idea, do not forget to support with a like and follow.
WEEKLY: Right Chart
BNB is overall bullish and now approaching the lower brown trendline so we will be looking for buy setups on lower timeframes.
DAILY: Left Chart
BNB formed a valid channel in red but it is not ready to go yet.
Before we buy, we want the bulls to prove control.
Trigger => Waiting for a momentum candle close above the last high in gray to buy.
Meanwhile, until the buy is activated, BNB would be overall bearish can still trade lower inside the green support.
In this case, we will be looking for new buy setups to form.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
BNBPERP trade ideas
BTC Continuation to the upside or drop? - Todays altcoin: BNBYo guys, welcome to the channel Hawkeye Charting.
MM left trap signals again and moved price with aggression and speed out of the upper 30k zone.
Time to look critically on the major MM cycle in order to understand, which notable zones have to be broken for a continuation to the upside...
No BS like bullflags. No Asking: when moon?
Always referring to the current state of psychology and what the market maker aims to do next.
Pointing out the major trend on Elliott Waves .
Peace
Disclaimer:
No financial advice!
All content is for information and entertainment purposes only and only reflects our personal opinions or market steps. Viewers are expressly requested to form their own opinion on the content and the statements as well as, if necessary, to seek professional advice.
BNBUSD (4H) Bullish reversalHi Traders
BNBUSD (4H Timeframe)
A Medium-Low probability, entry signal to go LONG was given at 386.0 after the market completed a bullish trend reversal pattern. Only the downward break of 355.6 would cancel the bullish scenario.
Trade details
Entry: 386.0
Stop loss: 355.6
Take profit 1: 404.8
Take profit 2: 435.2
Score: 4
Strategy: Bullish reversal
$24 million worth of BNB tokens burned since the BEP-95 upgrade,BNB’s trading volume saw an increase of 26% in the last 24 hours.
50,000 BNB has been burned since the BEP-95 upgrade.
This can lead to an increase in the value of the BNB token.
The BNB BNB/USD token is a cryptocurrency intended to be used as a means of trading and paying the fees on the Binance cryptocurrency exchange.
It was initially created in July of 2017 and was called Binance Coin, prior to the renaming to simply being known as BNB.
The High-Yield Crypto Investment DApp Shaking Up The Binance SmaHigh yield farming DApp BNB100X is bringing massive returns to investors. As the crypto market heads into what is expected to be an extended bear market, investors will need a safe haven to weather the storm and BNB100X presents that safe haven. Giving as high as 19% daily returns on investments offers investors a way to earn a steady passive income on their crypto.
$24 million worth of BNB tokens burned since the BEP-95 upgrade,BNB’s trading volume saw an increase of 26% in the last 24 hours.
50,000 BNB has been burned since the BEP-95 upgrade.
This can lead to an increase in the value of the BNB token.
The BNB BNB/USD token is a cryptocurrency intended to be used as a means of trading and paying the fees on the Binance cryptocurrency exchange.
It was initially created in July of 2017 and was called Binance Coin, prior to the renaming to simply being known as BNB.
Binance Coin PlummetToday, it's an absolute bloodbath in financial markets. Besides bonds, which are doing OK, stocks and cryptocurrencies are getting absolutely ravaged by the news of the Russian invasion of Ukraine yesterday evening. At noon ET, top-10 cryptocurrencies Binance Coin ( BNB ), XRP ( XRP -1.99% ), and Solana ( SOL 5.88% ) had dropped 9.4%, 10.7% and 6.1%, respectively, over the past 24 hours.
Binance Coin Prepares For Correction (25% Drop Ahead)Binance Coin (BNBUSD) is heading lower while aiming to hit below $450.
The correction already started and we have huge bear volume.
The MACD shows plenty of room available for additional drop.
The market moves in waves... Up and down, up and down.
We had a bullish wave for the major altcoins, now we are looking at a bearish wave.
Be ready.
It will last a few weeks or a few months at most and then we resume the growth.
Namaste.
BNB between a rock and hardplaceBNB dropped out of the great HTF triangle and did a failed retest and was rejected by the 4H 200ema. Now price is squeezed below the former range support and the LTF ascending channel support. Likely will break down to the lower range support as the RSI has already broken its trendline.
great buying oppurtunity!BNBUSD is a great buying oppurtunity at this price level for long term. We just opened a "no leverage" long term investment on the Binance coin since we strongly believe in the future of this coin.
We do not offer any financial advice and are not responsible for your actions. We strongly suggest you to do your own analysis before entering any trade.
BINANCE USD (BUSD) IS AT A CRITICAL LEVEL TO NOTE.
BUSD all time high has occurred twice leading to formation of a relative M pattern.
BUSD retracement is currently at about 40% from the beginning of the BULL RUN that led to the last all time high (ATH).
This asset has been retracing, hitting and retesting the FIB levels as displayed on my TA (chart).
BUSD is currently sitting at $400, FIB 61.8 level, horizontal TL and they are all my support level (zone).
My opinion:
1. Continue bullish run to $440 zone
2. Break the current Support zone and run down to my target buy zone @ $360 - $340. This my target is also at the beginning of the neck of the M-pattern.
I will wait to add more to my portfolio at around my option 2.
KINDLY SUPPORT ME WITH YOUR LIKES, COMMENTS AND FOLLOW.
BNBUSDT Short IdeaLooking at this trend line, we will notice it is self explanatory but for the benefits of more clarity we will offer little analysis to back it up. We can see the bearish trend channel from the top of 700 down to the level of 446. This particular pair attempted a reversal at around 400 zone on the 15th of February 2022 but got rejected again forming a local double top at 446 after having previously tested the 330 support zone. The next support zone is the 336 level but however it is not expected to hold for long based on the antecedent of the trend line and the overall not so favourable macro outlook for the entire crypto market.
Taoheed Adeshina Nafiu.
Disclaimer: The information provided by OlaoneFx is for educational purposes only and should not be treated as investment advice.