AI's BNB Short of Rising Wedge: $360, $340 in 48hAI analyzed:
Volume is falling.
Price is overbought.
Trend is bearish.
Pattern is rising wedge.
RSI shows bearish divergences.
TPs: $360, $340.
Timeframe: 48h.
BNBPERP trade ideas
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.
Hedging, shorting, call it whatever you wantTake advantage of every opportunity, bullish long term but bearish short term (3 to 6 months).
Trade strategically
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.
Break of structureBNBUSD: Binance coin has broken out the regression trend: LONG with a stoploss below the the trend line.
bnbusd weeklywell it looks like ascending triangle formation in play for now but best bet is to wait until it push himself above 660 usd...
what i see above 660 usd bnb might give u a 2x or 4x profit...
of coruse it can make you crazy with sideways before 660usd
BNB Price Prediction: Bearish to 336, as long as 465 maintainedHow did BNB price perform last week?
Binance Coin failed to sustain a break above the key weekly 23.6% Fibonacci retracement resistance at 415 and formed a shooting star-like bearish candle.
TA wise, what can we expect from BNB this week?
The bearish bias remains intact, underpinned by the downtrend line and bearish momentum. The bears are expected to strive for the tested support at 336. Persistent bearishness would lead a further drop to the psychological support at 300.
To avoid the bearish fate, the bulls must surpass the resistance confluence at 465, formed by the downtrend line and the 38.2% Fib retracement.
FA wise, what can drive the price to the anticipated targets?
The recent investment of $200 million in Forbes, a non-core business for Binance, should raise investors’ eyebrows. Companies flushed with cash but with little idea on the future direction of growth usually follow this path, i.e., investment in non-core businesses, towards value destruction.
BNB short idea - Head & Shoulder breakdown BNB has broken down from a head & shoulders top formation below the neckline at $407. Targets of the pattern should project a move to approximately $373. We are consolidating underneath the neckline in the form of another bearish flag formation which generally see's price action break down further. Nice risk reward ratio here as you can place your stop loss just slightly above the neckline @ 407 for a risk-reward of approximately 6x.
BNBUSD 4 hour chartThis is a test chart for my modified predictive indicator.
The stops and trade entry points on the chart are for hypothetical and practice trading.
BNB SFP confirming reversalBackground:
BNB has confirmed a swing failure pattern (SFP)/deviation above the range building since 20 Jan'22. High volumes marked in red arrows to reinforce the boundary while fading volumes in green arrow to support lower boundary of a smaller 6 day local range. RSI just confirmed rejection off underside of 50. Confirming below $407 would confirm an H&S pattern with a target around ~$375. Risk reward for market shorting a breakout is not ideal with tight stop-losses failing in this choppy market.
Strategy:
Wait to see if price confirms S/R flip on $407 to enter short. First target the H&S target ~$375, second target lower boundary of range ~$361, third target start of D3 demand zone confluence with macro 0.5 fib line at ~$355. SL above 6 day local range mid at $420.30, confluence around POC and meme price. Keeping an eye on SFP at lower range boundary to enter long if price doesn't confirm breach below D3 demand.
Invalidations:
Confirming another SFP at upper range boundary would not invalidate this scenario in itself unless there is a show of weakness on resistance. Price breaking above ~$480 and I scrap this plan entirely
Binance Price Analysis — February 11After a modest bullish comeback last Friday, Binance Coin has lost its upbeat momentum at the $436 resistance and has recorded lower highs ever since the loss of traction. This bearish undertone coincides with the top of my multi-month descending wedge, which has consistently kept BNB from a bullish breakout since November.
That said, should BNB capitalize on the upbeat sentiment around the broader market and breach the wedge top, we could witness a rapid rise away from the line and towards the $500 resistance. Bulls need to defend the $410 support line to use as a launchpad to breach the wedge in the coming days.
Meanwhile, my resistance levels are 436, $450, and $460, and my support levels are $410, $380, and $350.
Total Market Capitalization: $1.98 trillion
Binance Coin Market Capitalization: $68.8 billion
Binance Coin Dominance: 3.46 %
Market Rank: #4
BNBUSD UP Trend.!#BNBUSD Hello trader, I hope are good and safe. Today I opened the chart of #BNBUSD for 15 MIN and analyzed it then I see that this chart has made a UP TREND, So I hope BNBUSD will go up,
When price retest the Support line then Nice opportunity for Buying.
If you have any query then leave a comment.
Keep Supporting And Thank You..
BNB ForecastThere appears to be a reversal of the bearish trend after the break of the previous lower high possibly going into a bullish trend.
