BNBUSD ❕ uptrend channelPrevious targets have been reached. The 50MA has now broken up the 200MA 1H Timeframe. The price is currently above liquidity, and the trading volumes were declining on the correction. During these moves, price formed an uptrend channel and tested its lower boundary. Now there was a fixing above the lower boundary, so I expect growth to the upper boundary of the channel.
BNBUSD trade ideas
BINANCE LONGS ACTIVE 📉📉📉Expecting bullish price action on BINANCE COIN as price is rejecting a bullish orderblock area on the H4, price shifted the market structure from bearish into bullish. For now i see only higher price action on this coin everything alligned with the fear/greed index that is in extreme fear.
What do you think ? Comment below..
BINANCE LONGS ACTIVE 📉📉📉📉 Expecting bullish price action on BINANCE COIN as price shifted the market strucutre from bearish into bullish. Price retraced back after the market structur shift move into a bullish orderblock area that could act as a valuable area of ,,support,, if you will 410$ price area.
FEAR/GREED Index tells us that market is in a FEAR market sentiment meaning there is a buy opportunity.
What do you think ? Comment below..
BNBUSD WAVE And Pattern Analysis The correctional structure, especially the three waves, whether in descending or ascending and pulse correction, indicates the formation of a diametric pattern.
This post is just a personal idea and analysis should not be the criterion for buying or selling
The last specified pattern is currently in a flat pattern. The structure is in high time and the whole chart is in the form of a diametric pattern. You can see the ascent from this area, but lower levels can be achieved
BNBUSD ❕ support at the $400 levelThe previous patterns worked out successfully, after which the price entered the channel and then corrected to an important support level. In the current situation there is no need to rush. There are no serious arguments for decrease, but also growth can be not soon. I expect fixing above the resistance level and reach of the first target on the chart.
Binance Coin Price Analysis — April 11Binance Coin (BNB) has come under intense bearish pressure as the cryptocurrency nears the $400 critical support amid a pronounced bearish tone in the broader market.
After defending the $420 support for over two days, BNB bulls threw in the towel at the opening of Asian markets on Sunday, which flooded the market with fresh bears. The fourth-largest cryptocurrency currently trades around the $402 level, its lowest point in three weeks, as bears aim for lower.
That said, the $400 support line will play a crucial role for BNB bulls, as it is the last defense before the $370 region.
Meanwhile, my resistance levels are $410, $420, and $436, and my support levels are $400, $380, and $370.
Total Market Capitalization: $1.89 trillion
Binance Coin Market Capitalization: $66.8 billion
Binance Coin Dominance: 3.5%
Market Rank: #4
$BNB - Hints At Bullish Reversal - Shapes mean nothing *Smart $"*SMT = Smart Money Theory = everything you think that is not retail related to trading. First, SMT does not believe that triangles, wedges, trendlines, channels, harmonics, etc. has any effect on how price reacts. I'm Sorry but you won't convince me that Bitcoin knows it has created a triangle and that it knows how to react from that? Nah, it remembers price levels, that's it. The second is to recognize that the price is not random, it is set by an algorithm controlled by those that control the asset. The Third thing to remember is price will move toward attacking where there is Liquidity (Equal Highs, Equasl Lows, phantom Trendlines etc.) and Balance (Fair Value Gaps, Liquidity Voids.) That's the basics. The rest is very unique in the vocabulary you need to have and the concepts that wrap around these ideas.
As for the BNBUSD chart, It seems as if the current state of the chart has fulfilled a 4-hour fair value gap. It has created sell-side liquidity to attack which is why I believe it will go lower towards equal lows. Additionally, if y9u put a Fib on it, The "Discounted" area doesn't begin until gets below the equal lows. I personally have an entry at the median of hourly Bullish Order Block which is about 358-359. However, it could easily get into and fill the 4 hour fair value gap which is the yellow rectangle area between 345 and 354. After that I see more consolidation and eventually the run-ups to fill gaps and voids like the area near 378-385 up to a bearish order block at 454. Just my two cents, we shall see what the chart pushers want to do with that chart.
I personally shorted it at 374 and currently at 371.42. Crossing my fingers it goes as planned
Good luck traders :)
BNBUSDT > The Possible Two Scenarios!!Analysis of #BNBUSDT
BNBUSD has not been able to provide us with a confirmed close above trend linen resistance ear 440, as you can see traders tried many times to bring the market above tren lien resistance but they failed to do so.
the possible scenario is, that we could see a retest to trend line support near 350 which will represent a valid buy entry-level.
however, if the market closes above trend line resistance with the momentum we can then look to buy targeting the next level of resistance.
⚡ Be aware that due to the global tension we currently live In, markets are not following or respecting chart patterns and technical analysis.
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