Binancecoin
BNB/USDT symmetrical triangle , What's Next ?BNB has formed a symmetrical triangle and if it breaks below that bottom line of triangle, its very likely to lose 510$ support too !
in that case next support zone will be approximately 430$
Im actually looking to some enteries around 386.7$ with shadow (it looks like perfect for me to enter)
Be careful and manage your own risk
BNBUSDTHello Crypto Lovers,
Mars Signals team wishes you high profits.
We are in the daily time frame. As you can see the price has entered a bearish channel where R2 is the upper line of the channel and S2 the lower line of the channel. The price has done well inside this channel. It once broke R2 but could not stabilize there and fell back to S1. We can say that there is a flag pattern formed and if it is able to break R2, it can move up to $1000 too provided it being able to break R2 and stabilize above it. After breaking R1, the price will be able to move toward R2. It is also possible for the price to make a pullback to S1 and then continue going up. We need to wait in any case for the price to break the channel either from the upside or from the downside to place a buy or sell order. If you want to take risks, you can buy it here or you can also wait for the price to reach S1.
Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.
Wish you luck
BINANCE-COIN, Massive Ascending-Triangle!!Hello,
Welcome to this analysis about Binance-Coin and the weekly timeframe perspective. The cryptocurrency market these days is shifting constantly and the divergence between certain cryptocurrencies is increasing more and more. This is why there are crypto coins that show high bullish potentials while others form more bearish setups. In this case, I detected a main bullish potential coin with Binance Coin and therefore I am explicating the main structural developments, upcoming potentials and how the whole formation finally completes. As when looking at my chart we can watch there how Binance Coin is building this huge massive paramount ascending-triangle-formation and already severely bounced within the 35-EMA in red and the 15-EMA in green within this formation. Besides that Binance Coin has a coherent wave-count within the formation reaching from A to C which has already almost been completed. Now with the finalization of the wave-C Binance Coin is testing the lower boundary of the formation and the EMA structure within there. When Binance Coins manage to bounce appropriately and bounce in the lower boundary to breakout above the upper boundary this will complete the whole formation and upper target determinations will be activated with BNBUSD setting up to a continuation. In this case, we need to watch out how BNBUSD bounces above the 660 USD level to complete the formation as it is shown in my chart, when this happens in a profound manner we can expect and prepare on the further continuations to follow up, it will be an interesting journey ahead.
In this manner, thank you for watching the analysis, it will be great when you support it with a like, follow and comment for more upcoming market analysis, all the best!
"Good fortune is when opportunity meets preparation."
Information provided is only educational and should not be used to take action in the markets.
BNB 4hr Long to at least 624.6 (+13%)BNB is above the .236 fib level of the most recent drop. The .618 lines up with the 200 MA, and there is an RO-DMI Flash at $624.60.
There might be an inverted H&S which the measured move from would take you back up to the .618/200 MA. May want to wait for BNB to burn off some bearish divergence in the short term. A better entry might be at around 540ish.
If it can reach the 1.13 fib at $646 and if it can maintain above resistance at around $650. I would expect it to retest ATH and if it breaks that I would expect $720-800 as the next ATH.
BNB Bull Run ... Best longterm coinTake position after breakout and closing candle.
It's just for education.
I will be happy to use your comments.
BINANCE COIN LONGS 💰💰💰Expect bullish price action on this coin as price is consolidating above 500$ psycho level, we are in a bullish market strucuture on a HTF + discount market area on fibonacci that makes a perfect buy entry, we have strong fundamentals on this coin as well.
What do you think ? Comment below
Binance Coin: Where Is Bottom and How to TradeToday, I offer you to look at a rather interesting coin. I'm talking about BNB which obviously has a strong project behind it.
From TA point, we have a possible trade opportunity. In the daily chart, the price reached the support at 500$. Bullish setups in the hourly and daily time frames allow us to open long positions which are absolutely logical at the strong support. MACD histogram supports and possible upward movement and RSI is not far from it. So, everything looks great for the buyers!
But... if we add the main sentiment of the crypto market to this coin, the bullish movement is not so reliable.
Yes, we have consolidation above the strong support. It may become a starting point for a new upward movement with the main target at the ATH or around it. But for this, the price has to break the local downtrend line and move above MAs. If so, we will have a strong bullish signal. If the buyers can't push the price upward, it will confirm the bearish sentiment in the market.
A breakout below the support will open the road to 450$ and MA200. Probably we will see a pullback from that support and new trade opportunities for buying. But at the same time, we should forget about the continuation of the bullish trend. The market will need much more bullish power to reverse the price and push it upward.
A breakout below MA200 will confirm the trend reversal and the bearish trend. Will it be possible to buy from 360$ and 320$ support? From TA point, I think we will have bullish setups, but if the price reaches these levels, we will talk much more about the bearish trend. Long positions will be possible main for swing traders. In order to start buying as position traders, we will have to wait for the strong trend reversal signals in the daily chart.
And about the bottom, I think it is 200$ support.
BNBUSDTHello Crypto Lovers,
Mars Signals team wishes you high profits.
We are in the daily time frame. As you can see the price is moving inside a bullish channel. The price has hit the support line several times and received support and moved up. The price was able to break its resistance line once but could not stabilize there and had a fall. The price is now moving inside a bullish channel. If it is able to move out of this channel and break the resistance line, it can prepare itself for the second resistance line. It can also come down and touch the support line and resume going up to the resistance line. But if it stabilizes below the support line, we can expect it to have a step-by-step fall to the second support line.
Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.
Wish you luck
BNB - strong buying pressure at current price levelBNB is in good position for short or even longer term trade. 3D chart is used for analysis because of better visibility of longer time period.
With buying pressure present at current support level and stop loss just under recent lows, risk/reward ration is very favorable.
Ever since big pump and expected dump after it, BNB is creating higher highs and higher lows.
Shorter term price action created descending triangle. Usually it is pattern with bearish outcome, but here considering BNB strength in recent market uncertainties and strong buying at current level, I lean more towards the bullish scenario.
For short term I'm planning trade up to the upper trendline and when it is break another one to previous ATH level.
Long term holding chunk of BNB isn't part of this trade.
Binance Coin : Bull or Bear ? : $BNBThe price is in a significant support range, which is currently trading in the $ 515 range. If this important support is lost, the price target will be in the $ 415 range, and if it is not lost, the targets are marked on the chart.
Follow our other analysis & Feel free to ask any questions you have, we are here to help.
⚠️ This Analysis will be updated ...
👤 Arman Shaban : @ArmanShabanTrading
📅 20.DEC.2021
⚠️(DYOR)
❤️ If you apperciate my work , Please like and comment , It Keeps me motivated to do better ❤️
BNB/USDT ChartBefore I start to talk about BNB I would be grateful if you could like, follow and comment your thoughts about the idea. I will start to post way more often, starting from today, and I will be focused on sharing and improving my thoughts about short time scenarios, so any tip or advice is welcome.
BNB is looking good in the in the short term, The coin didn't breakdown the 510$ support and it's on is way to 525$. RSI shows that the market is ready to go up, and volume seems ready to comfirm a move. Comment your thoughts about the trade. This is not financial advice. Thank you.
BNB and ETH cross their lowest values.Binance Coin has not seen price rises by a large margin but has still taken a step upwards since the bearish run, having shown the lowest price of $505.93 yesterday morning. Today, it has reached $545.43, and its market cap has gone up by 3.00%, up to $89 billion. Ethereum and Binance have high hopes to pick themselves up in no time, as they’ve done so many times before.
The trend for losing Ethereum and Binance seems to have come to a halt as prices hike upwards. Ethereum had seen a low of $3,700 this week which has not been a pretty sight after so long of being above $4,000. Now, it seems to have regained its composure somewhat and has hiked up $215 in price and now trades at $4,066
Binance Coin 12.15.21 $BNBAppealing price ranges for long-term investment and HODL in #BNB: 400$ - 444$
Important support and resistance ranges are marked on the chart and everything is clear ...
Follow our other analysis & Feel free to ask any questions you have, we are here to help.
⚠️ This Analysis will be updated ...
👤 Arman Shaban : @ArmanShabanTrading
📅 15.DEC.2021
⚠️(DYOR)
❤️ If you apperciate my work , Please like and comment , It Keeps me motivated to do better ❤️
Descending triangle in BNB* BNB In daily time frame appears with a Descending triangle pattern, with it's resistance as above trend line and the important support around $500.
* Descending triangle is considered to be either trend continuation or trend reversal pattern depend on the pattern breakout.
* If the price breaks the support zone we can expect a drop till $400
* In order to continue the bull run BNB needs to break the trend line resistance