hımmmWe are in the middle of reggression channel which is a strong resistance and support. When i look indicators we have might have more spaces for bottom. and finnaly this level is not comfortable for new entrance.
BNXUSDT trade ideas
BNX Down and Out, Whats the next
BNX is in the bearish trend.
It has been making HH and HL.
But It has divergence at the Bottom which is bullish sign.
Still i anticipate it bearish as it has form the bearish flag pattern
I anticipate to have Stop short position Intact.
BNX ANALYSIS (1D)According to the structure that we see for the waves on BNX, a triangle and diametric can be seen that we are now inside the diametric. We seem to be at the end of wave E of this diametric.
In the red box, the E wave can end and the price enters the F wave, which is a bear wave.
Closing a daily candle above the invalidation level will violate this analysis and view.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
BNXUSDT.PBNXUSDT.P is in ranging phase.
Trend is now moving side ways.
bearish divergence also shown in RSI.
We wait and watch for the break of lower side.
BNXUSDTWe can attempt to short BNXUSDT from specified level as it break HL , also making wedge pattern (reversal pattern) , also bearish divergence occur indicate that it moves downward.
SL , TP mention in chart.
One-hour chart sequel BNXDue to the hammer pile and confirmation pile as well as volume decline and negative divergence I expect a 10% decline in the part
BNXUSDT(BinaryX) Daily tf Range Updated till 14-07-24BNXUSDT(BinaryX) Daily timeframe range. despite market condition till now its been a absolute tank. there are alts creating new low and way down but its holding real strong. now 1.2616 been a struggle but a valid close above it will open a way till 1.6553.
BNX looks Bullish, Your trading plan. BNX Looking Bullish in 1 Hrs pattern as this is making HH and HL, but as per the FIBO retracement Entry to be taken at 1.0651 to play on the safer side.
BNXUSDT.PBNXUSDT.P is in bullish trend.
Potentially printing HH and HL .
Bullish divergence also form in RSI.
No sign of reversal here.
We wait and watch for the breakout of last HH.
LONG #BNXUSDT impulse breakdownThe coin formed a clear local resistance level with several confirmatory touches, behind which the stops of the participants' shorts accumulated. There is also a trend in the form of a triangle, pushing the price to the level with the help of limit buyers with a local increase in volumes.
I will wait for consolidation along the level and, with increased activity in the glass, an impulse breakdown.
BNX looks bearish (UPDATE)BNX seems to have ended its bullish waves and is now entering a correction.
Now that it has filled the Liquidity Void it can drop. From the specified supply, it can drop towards the targets on the chart.
The targets are clear on the chart.
Closing a daily candle above the invalidation level will violate the analysis.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
BNX short setupThe structure of BNX is bearish. After the heavy drop, if BNX pullback to the supply range on the chart, you can look for sell/short positions in this range.
Closing a daily candle above the invalidation level will violate the analysis
Note that the financial market is risky, so:
Do not enter any position without confirmation and trigger.
Do not enter a position without setting a stop.
Do not enter a position without capital management.
When we reach the first TP, save some profit and try to move the stop continuously in the direction of your profit.
If you have any comments please post them, comments will help us improve our performance
Thanks
A Reversal Setup for BNXUSDTFollowing large selling pressure during the beginning of the trading session, we see a volume spike at the bottom of the range and indication of a trend reversal into key moving averages which I will be using as profit targets.
The volume spike is a key indication of the end of a trend, it provides confirmation that the short-sellers are either covering in this zone (buying pressure) or that a whale has just entered into their long term position (buying pressure.)
Using fibonacci and S/R, we can map out a clear profit target back towards $1 - I'm choosing 0.89 conservatively.
Risk = 5%, reward = 27%
Ratio = 5/1
These are the exact setups that provide high Reward for risk and clear confirmation from the volume spikes. Backtested results show 70-75% success.
Expectancy = 3.75
BNX analysisNote: The volatility of this coin is high and its volume is small, be careful.
From where we put the red arrow on the chart, it looks like the BNX correction has started.
It seems to be a diametric correction.
It can move down from the red box.
Closing a daily candle above the invalidation level will violate the analysis
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
BNXUSDT Breakout Alert! Is a Bullish Surge on the Horizon?Yello, Paradisers! Did you spot the recent breakout from the falling wedge pattern on BNXUSDT? This breakout signals a potential bullish momentum ahead. Let's dive into the details.
💎The price is likely to retest the support zone around the 1.096 area before continuing its upward movement. This level is crucial as it often acts as a springboard for further gains.
💎If BNX fails to bounce at the support zone and breaks below, it will likely find support at the Bullish Order Block (OB) area. The OB usually contains large buy orders, which can help the price rebound.
💎For the bullish momentum to continue, BNX needs to reclaim the support zone around 1.96. This is essential for hitting our target. A break below the support trendline would be a bad sign for bulls. If the price breaks the Choch area, it would confirm a trend reversal to bearish, invalidating the bullish scenario.
If you want to be consistently profitable, you need to be extremely patient and always wait for the best, highest-probability trading opportunities.
MyCryptoParadise
iFeel the success🌴
BNXUSDTHM signal v5.0 (High momentum) spotted. Looking good with previous wave up with increasing volume and momentum.
- Heathy retracement and support well at good level @ 1.1743-1.1839
- Trending slow and steady if able to hold above the support zone
It is at extremely good reward to risk level now if able to hold above the support level.
BNXUSDT(BinaryX) Daily tf Range Updated till 26-06-24BNXUSDT(BinaryX) Daily timeframe range. its doing pretty well compare to many other alt's right now. very close to a 1.2685 mid-high resistance. clearing it out clean will open its way till 1.5842. local support is at 0.9215.
BNX/USDT Longdivide the volume of the allocated deposit into three parts
Limit buy zone
0.618 - 30 %
0.786 - 30 %
1 - 30 %
-------------------------------------------------
Take profit zone
0 - 30 %
-0.18 , -0.27 - 30 %
-0.618 - 30 %
5% on bnxusdt shortAs per the last idea,bnx goes down from the order block,(5.3%). Securing partials and moving to break even
NFA
