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BNBUSD trade ideas

BNB: INDEED A PERFECT BOUNCE.Hello traders and welcome to this BNB update once again. If you are new to my community then a warm welcome to you on behalf of all my members and professional traders. In this community, I share updates related to the crypto market including margin trading, futures, spot, and scalping. My comments box and DMs are absolutely free for new ideas and suggestions. So, feel free to interact and share your ideas. You can be a professional trader, a noob, or anything, we are all here to learn and I believe that we can help each other. Alright, then, let's get back to the chart. BNB broke out, retested, and bounced back successfully. I am expecting a rally towards $400 soon. Meanwhile, BNB may drop a little close to $325 (which will be a good entry position) and gradually rally higher. The support line is at $320 and BNB must hold this level. I am still holding my 50% position on BNB and will accumulate more if it dips. Trade setup: Entry: $320 to $326 Stop loss: $300 Target: $360, $380, $400. Trade safely.
BINANCE:BNBUSDLong
by Dexter_The_Trader
BNB: A PERFECT BOUNCE OR A FAKEOUT???Hello and welcome to this BNB update in 3 hours TF. If you are viewing my post for the first time then do not forget to like and follow. I share updates on the crypto market including margin trading, futures, spot, and scalping. All ideas are my biased opinion and I invest at my own risk. I don't force anyone to buy or sell, I simply share my ideas absolutely for free and it is your sole decision whether to trade on them or use them to understand the market. BNB has formed an ascending triangle pattern which usually is a bullish pattern. BNB broke out, retested, and currently bouncing back perfectly from the support level. Is this a bullish confirmation? To some extent, yes, it is a bullish confirmation but considering the dominance and BTC price movement, it is always wise to wait or trade with a close SL. I am already long on BNB at around $305 and I will continue to hold it until it breaks down below the ascending triangle support level which is at my entry-level. On the other hand, if BNB is bullish then we can expect a rally up to $350 to $400. What do you think about the current price movement on BNB? Let me know in the comments. Thank you, guys, for your support.
BINANCE:BNBUSDLong
by Dexter_The_Trader
BNB: BOUNCING BACK FROM THE SUPPORT.Welcome members to this update on BNB/USD If you are viewing my post for the first time then do not forget to like and follow. I share updates on the crypto market including margin trading, futures, spot, and scalping. All ideas are my biased opinion and I invest at my own risk. I don't force anyone to buy or sell, I simply share my ideas absolutely for free and it is your sole decision whether to trade on them or use them to understand the market. BNB is under the falling wedge pattern and it has exactly bounced back from the lower supporting trendline. It is possible that this bounce could lead the price back to the $370 to $380 range. Here's a strategy I am using. 1st buying range- $300 to $310 SL: $290 Target: $330 to $340 (If the price gets rejected). 2nd buying range- $250 to $270. SL: $235. Target: $320 to $340. Note: This trade setup is on a daily timeframe so do not consider this as a short-term or scalping trade. This trade will be on spot and if you want to use leverage then make sure it is either 2x or 3x.
BINANCE:BNBUSDLong
by Dexter_The_Trader
Binance Coin: is $350 the next target?Two weeks ago BNB had a challenging week where the price of the coin was pushed strongly to the downside and to the $250 support line. Soon after the oversold market was reached, BNB started its clear reversal path. However, considering the still challenging market environment driven exclusively by fundamentals, the recovery path might not be so swift as BNB usually does. Still, what continues to be positive about BNB is that this coin usually does not follow general correlation with the market, as we have seen again during the previous week. With the start of a short term reversal, BNB started challenging the $300 resistance line. During the week there has not been enough market strength to push the price to the higher grounds, so the highest level reached was $313. Still, the coin is ending the week with prevailing buying orders, but with relatively lower daily trading volumes. RSI moved from oversold market up to the level of 43, still holding this up move, which indicates that market is within a course of short term reversal, with strong potential that it will continue this move. However, moving averages of 50 and 200 days are taking downtrend, with MA50 moving away from its MA200 counterpart. Technical indicators are pointing to the potential that BNB might head toward the next resistance line at $350 to test it in the coming period. At this moment it is clearly pointed on the charts. However, in case that fundamental news hits the market during the week, it could be expected that BNB will return back to the level of $300 support. Disclaimer: This article provides exclusive views of the author. It does not in any sense represent a suggestion for trading.
BINANCE:BNBUSD
by XBTFX
BNB/USD: short positionI see a short position in Binance coin right now in H4 timeframe. Also, I will keep this trade until $206 USD, that will be my psychology target profit for this cryptocurrency. Also to share in my analysis, I see that MACD indicator make in the bar chart a higher low in the indicator indicating weakness in the market and also, continue the bearish trend. Depending how the Daily candlestick closed up today, if closed up bearish signal, it's a good potential to short BNB in this timeframe and follow the trend toward $206 USD. I will replace this rade for Oil price that drop and got some loss in my trade and swing trade, for that, I decide to closed up as I know that Oil will crash to $100 USD. Good luck!!!
BINANCE:BNBUSDShort
by harisonhbn9718
1
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.
BINANCE:BNBUSD
by XBTFX
2
BNB lost $300 support!Today BNB lost the crucial support zone between $303 -295. If this level had been held BNB would have had many chances to return in the consolidation area within a few days. $300 support breakout occurred in relatively high volume. Two & a half hours before the daily candle close and BNB is already fighting the next essential support at $300. Unfortunately for the bulls, the probabilities are with the bears. (If this candle close near $260). Next support and the most essential of all is at $212. If you are still holding BNB it’s unwise to sell the dip. Even if the dip is at $212. If you are looking for a good entry for short position, it’s not the good time. Wait for the $260 breakdown and the retest as resistance before making your moves. This break occurred due to LUNA/UST events. Nothing more. (In the short term of course) Crypto maker is in extreme fear and that’s more bullish than bearish. Remember investing is a probability game. Not a financial advice. Always do your own research.
BINANCEUS:BNBUSD
by Rhaonnor
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. Trade well! If you like what we do, then please like and share our idea. Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
BINANCE:BNBUSDShort
by ew-forecast
2