Binancecoin
Is BNB preparing for another pump?BNB coin is stuck into resistance zone after breaking out from the long falling wedge pattern.
200 D MA is turn into support, retested twice and created hidden bullish divergence + double bottom formation.
Now we are again in resistance zone trying to breakout and turn it into support.
If BNB manage to clear this area, "last resistance zone" will be tested within week or two.
200 D MA is main support for this breakout try, if we lose it I'm out of this trade.
Daily BNBETH UpdateBNB made a high against ETH on the 12th of April 2021 and then trended down until August. Since then there have been three attempts to break to new lows (yellow circles) that were unsuccessful. A consolidation range has followed but more recently we are seeing BNB quietly and discretely building strength over ETH. We are seeing a slowly rising RSI and can now see a higher high and higher low....the beginnings of an uptrend maybe? We'll have to wait and see where this goes. Technically we won't be able to get excited until there is a break of the consolidation zone and I have that level at 0.16ETH. If this does happen it's very likely we will see price head towards the 0.29 ETH level that was the previous high.
BNB/USD - About to break $600 resistance? 😍BNB is keen to go higher, particularly on the BTC pair. Therefore, this chart is also looking bullish and price is about to break above the $600 resistance.
If BNB manages to do that, we're entering sexy time!
ATH is next and we will likely push above that much higher towards $1,000!
BNB is looking strong. Indicators are still curving up on daily, so best to be patient and let price break this resistance before you jump in.
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Is BNBUSD Heading That Way? BNBUSD and BTCUSD give me very similar vibes
This is shown through structural formations and the ability to sketch a parabolic uptrend with the recent higher lows that have been presented
The comparison is with 2017 BTC and its parabolic run
Sometimes I find it strange how moves like this can repeat themselves (supposedly)
It will be interesting to see how this plays out, and if it is actually a parabolic uptrend forming.
Above is another chart showing a comparison to BTCUSD
However this comparison is earlier in BTC's history
Price seems to have skipped a step in BTC's growth, moving straight to the parabolic uptrend that was seen in 2017.
BNB (Update)Binance Coin was unable to break the all-time high resistance and dumped from there. BNB can hold above $600, and the daily candle also closes above the support level. It is bullish as long as it holds above $600 support. The next lower support is $550 and $500 area. The major resistance is $670 - $700 area.