$BNBBinance coin looking crisp, expect to see a nice steady rally from here. Do bears have FOMO yet?
BNBUSD trade ideas
Binance Coin: on a road of challenging reversal? BNB was following general market sentiment during the previous week, so the price was pushed to the downside and to the current level of $290 where BNB is finishing the week. However, it was interesting to see that the lowest level during the week was at $209, within one single move. This indicates that there is part of the market which perceives much lower prices for this coin, at $200, a major support line. Still, the majority of the market is pricing BNB at current levels. Dip buyers occurred as of the weekend, but still, selling orders were dominating the last trading day of the week.
RSI reached the oversold market during the week, but finished the week around 33, which might be an indication that the market started a short term reversal. With latest moves MA50 started modest divergence from its MA200 counterpart, indicating that a golden cross is currently not in store for this coin.
During the last trading day of the week BNB was testing the support line at $250, but without strength to break it to the downside. Coin started its reversal, which adds to the probability that $300 resistance might be tested in the coming days. At this moment, there is no clear indication that the next resistance line at $350 might be tested in the following few days.
$btc to 32500 Based on volume and some Trend analysis i opened a long position for a quick sell at 32514 on btc, enjoy. use your stop loss:)
BNB TECHNICAL ANALYSISprice retracing to supply zone. Markets plummeted two days ago and go traders to panic but the markets have been seen to be recovering.
BNBUSD ❕ buying off the price in the channelBinance coin broke through all the major moving averages on the 4H Timeframe.
The price reached the upper boundary of the descending channel.
During the retest of the channel, one could see the growth of volumes, but the price failed to fix itself in the channel.
I expect that in case of fixing above the channel we may see a small bounce.
BNB looking for a bounceWeekly chart, Log scale
Let's see if it rebounds once it touches the trendline
Elliott Wave Analysis: BNBUSD Has An Unfinished Wave CHello Crypto traders!
Today we will talk about Binance Coin - BNBUSD, its price action from technical point of view and wave structure from Elliott Wave perspective.
BNBUSD is trading in a big A-B-C zig-zag correction from May 2021 highs and it looks to be unfinished. In May 2021 we saw sharp and impulsive decline, which should be labeled as a first leg A. From May till November 2021 we have seen a three-wave corrective rally in wave B and since November 2021 it's trading now in wave C.
Wave C is a motive wave and it should be completed by a five-wave cycle. If we consider that May 2021 lows is still open, then current sideways consolidation could be easily just as part of subwave (4) correction before we will see another sell-off for the final wave (5) of C towards 250-200 strong support zone.
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BNDUSDT ANALYSISThe markets have been shaky as a result of the Ukrainian war which has effected many markets especially the US stocks. It is obvious that the fundamentals play a role in the markets, but I choose to remain technical because I believe that the fundamentals still play into the market cycle that can be technically read.
BTC seems to be respecting its $34k support and this could be a blueprint for other alts like BNB.
BNBUSD ON TRACK BNBUSD good idea for long, BNBUSD was moving out from the downtrend major. and rightnow in sideways area. watch if break in minor TF.
Thank you.
BNBUSD - HEAD AND SHOULDER PATTERNHello traders, here is another opportunity with Binance. Currently printing a falling wedge pattern on the 4hr timeframe but on the weekly and daily is a confusing but amazing structure, A Double Top and Head and Shoulder, will Binance fall to all time low if the Head and Shoulder pattern is respected or still fall to all time low if the Double Top is respected?
Watch and trade with caution
BNBUSD -Falling WedgeWill Price continue in the wedge and maybe a possible breakout to the upside for trend continuation or break out to the downside towards the weekly support?
This is another trading opportunity for crypto and Binance traders.
Binance has been in a falling wedge on the 4hr after printing a head and shoulder pattern on the weekly timeframe...
If going in for a Buy, Trade with caution, Stoploss below the Support and profit target at resistance....
bnb short waiting for another spike for a mark down first demand zone I draw with green is first station in mark down move
BNB TO THE MOON!!Hi my friends. As I studied different Cryptos, I figure it out that something is different for BNB !
The diversion is completely obvious in its chart.
Two different things will happen. First, BNB will have a great pivot and highest high, next suggestion is many red candles in 4H trading after each other and we will see lowest low.
Let's see what's going to happen.
BNB/Tether 1DDue to the recent decline of Bitcoin, if the market is bullish, it is possible for the trend to return and achieve the desired profit.
BNB - BINANCE - Ready for a rally!! BINANCE:BNBUSD is looking for one more low down to the 365-375 area before the next leg up of this correction that will see us head back down below 300.
First we are looking for a rally into the 50-61.8% area between 500-530 followed by more selling.
A quick look at where we are with this one.
I hope this helps. Enjoy the day!!👍👍
BNBUSDTrading Financial assets/ Futures , Crypto,CFDs and Stocks/ Involves a high risk of loss. Specially Trading foreign exchange /Forex/ on margin carries THE HIGHEST cannot afford to lose.
Please consider carefullu if such trading os appropriate for you. Past performance is not indicative of future result.Articles and content on this Tradingview channel is for educational and
entertainment purposes only. Please do not constitute investment recommendations or advice.
BNBUSD ❕ golden cross100MA and 200MA on the 1H Timeframe could form a golden cross in the near future.
Earlier the price formed a gap on the 1H Timeframe.
Now the range of price movement extends during the trading in the liquidity zone.
I expect fixing above the resistance level before further growth.
BNBUSD ❕ channel breakthroughOn a huge increase in trading volumes BNB came out of the down-trend and reached the resistance level.
After such a sharp growth I expect a retest and fixation above the support level to continue growth.
BNB/USDT Sky Rocket After this Big Dip?#BNB/USDT TA Update:1
$BNB currently trading at $391
#BNB almost -47% from All time High.
In simple Long term BNB is very Potential.
So You can buy at every big Dip.
I can expect another -47% down also possible.
Let’s see If hold $370 support then BNB bullish till $668
And After breakout $668 then BNB will sky Rocket.
But If not managed to hold $370 level then we can see $200 level range.
If failed to hold this level then September and October will be best time to Buy at big dip.
So Important level is $370
Keep an eye on this level.
BNBBNB
The potential of the BNB coin and whether the breakdown of the $400 support level is false!
The last trading week of April opened with a re-test of the breakdown of the $400 support level, which is the point of intersection of the trend line of the current ascending channel. It is possible that during the current trading week, the price will test the local support of $360, which will contribute to the formation of a "double bottom" reversal technical figure with a further potential reversal and the subsequent formation of a long-term upward channel. This is indirectly confirmed by the large accumulation of pent-up demand at this level of the BNB cryptocurrency.
The breakdown of the $360 local support opens up an opportunity for deeper downward dynamics and a test of the $300 level.
BNBUSD ❕ the correction is comingThe price of BNB has returned to the descending channel.
When the border was broken, the volumes increased.
I expect fixation in the channel before a drop to the 390 area.
