BNBUSD - Morning Buy callThe currency continues its bullish trend with the formation of three white soldiers after a corrective phase on an hourly candlestick pattern.
BNBUSD trade ideas
BNB to $500BNB has been riding up the 1.618 fib channel since it hit the lows in June 2022
BNB broke out of the 1 year old descending channel and is heading to the channel's measured move of $500.
The hack on Binance chain hardly did anything. The current dip is just a retest of the old descending channel.
BNBUSD - 15M - DowntrendBNBUSD is making LH and LL with a bearish pattern in a 15-minute time frame. Short trades can be profitable.
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.
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 $299 (red line), near the 21 ema in the daily chart – making it a dual-support level;
• So far, the situation is under control, and the volume is quite high. Let’s pay attention to these key points.
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BNBUSD BUYWe can buy BNBUSD. it is at a DAILY support(RANGE) + buyers came in strong + we have a good SL spot after the rejections.
BNBPERP - Expect a price reduction.A lot of binance launchpad users remain locked in at local highs. We may see panic selling and expect a local correction first target mid-range, second lower boundary.
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P.S. Always do your own analysis before a trade. Put a stop loss. Fix profits in installments. Take profits out in fiat and make yourself and your loved ones happy.
BNB scalpcompletion of Wave 5 into target area. Shorts also looking tasty at that level too.
Target based on fib ext of wave 3.
BNB at neckline, can begin to outperform if it breaks$BNB outperformed $ETH by PATTERN but NOT by percentage last month
Volume is there too, HEAVY, but no cigar
Let's see how this is resolved, took some #BNB off yesterday
#Crypto
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.
Going ShortWith a lower high n a shooting star, we are going short. Taking profit at equal low at almost 2%
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.
$BNB > $ETH > $BTC BUT will the reverse order drag BNB down?If $BTC folds, will it drag $ETH with it?
If #ETH follows will $BNB hold or follow?
#BNB looks a bit better but showing age
RSI does look healthy
It's had huge run volume dying
Expect big volume soon
#crypto #p2e #metaverse #nft
Goin ShortCandles just made a lower high so going short. stop loss is mentioned as a red horizontal line
