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BNBUSD trade ideas

Binance Coin: short reversal is near?Binance Coin continues to gain in strength. During the previous week, the coin continued to move in the overbought market, increasing its price to the level of $335, where the coin is finishing the week. Next resistance line at $350 has not been tested during the week, leaving this level for the future period. During the whole week RSI was moving above level of 70, which is clearly overbought market side. This is also an indication that short term reversal is ahead for this coin. Moving average of 50 days started stronger convergence toward MA200, however, there is still some space between two lines, in which sense, there is still time until the golden cross is finally reached. Technical indicators are pointing that short term reversal is ahead for BNB, since the coin is moving in overbought zone. In this sense, BNB might head toward the support line at $300 in order to test it in the coming days. Level of $330 is only a short-stop for BNB, based on historical data, in which sense; the next target for BNB might be the $350 resistance line in the coming period.
BINANCE:BNBUSD
by XBTFX
Binance Price Analysis — August 12Binance Coin (BNB) held on to its bullish bias on Friday after dropping from the $335 area yesterday. The smart chain cryptocurrency slowed its descent at the $320 low, where my multi-month tripwire coasts and has since bounced off the line. We could see a bullish continuation over the weekend, with BNB breaking the $340 line for the first time since early May as the cryptocurrency industry continues to lean towards ending the ongoing bear cycle. At the same time, we could see a quiet tone over the weekend, as has been commonplace in the last few weekends. Either way, I do not see a bearish sentiment taking precedence this weekend. Meanwhile, my resistance levels are $340, $350, and $360, and my support levels are $320, $310, and $300. Total Market Capitalization: $1.19 trillion Binance Coin Market Capitalization: $52.5 billion Binance Coin Dominance: 4.5 % Market Rank: #5
BINANCEUS:BNBUSD
by Mr_Wogbe_Alex
BNB.USDT Daily RR 1-2"If you can't beat the fear, do it scared!" "Be fearful when others are greedy, and greedy when others are fearful!" - Warren Buffet. "Markets are a device for transferring money from the impatient to the patient. - Warren Buffet "Show me the charts, and I'll tell you the news." - Bernard Baruch "The secret to investing/trading is figuring out how rich you want to be and how poor you're willing to become." "If you want to live like the 5% of the population who are hugely successful, then don't act like the 95%!"
BINANCE:BNBUSDShort
by CojocaruMarian
Binance Coin: overbought market reached Another positive week is behind BNB. The coin managed to reach another currently significant target of $300 resistance line to be clearly tested and breached as of the end of the week. Although BNB started the week around level of $275, dominant buying orders have pushed the price to the highest weekly level at $320. With this move the overbought market has been clearly reached, indicating that the future might bring some short term reversal for this coin. As of the end of this week RSI was pushed to the level of 72, clearly indicating that the market is currently traded in the overbought zone. At the same time, the moving average of 50 days started its modest convergence toward its MA200 counterpart; however, it is still early to confirm this trend. The golden cross is still far away from this coin. Considering that the coin reached the overbought side of the market, it might be expected that short term reversal is ahead. In this sense, the coin might revert back to $300 support line to test it once again, with decreased probability that $250 support might be reached again. On the opposite side, the next target for BNB might be $350 resistance, after a short stop at $330.
BINANCE:BNBUSD
by XBTFX