BNBBTC
BNB/USD - Bullish price action despite the drop! Binance Coin broke above $600 yesterday and was giving a strong bullish signal. But the positivity was short-lived as bears took control of the price today and pushed it back below this key psychological level. Still, BNB remains about 12% up on the weekly, despite today’s bloodbath.
BNB has strong support, just above $500, and despite the current drop, it has made a higher low. It is very important to see how BNB closes today’s candle because if the higher low is maintained, then this correction might have been one more dip before higher prices are reached.
Looking ahead, the indicators for BNB are trying to curve back up on the daily timeframe, and today’s correction has delayed a possible bullish cross. The bias remains somewhat bullish for BNB as long as it holds above the key support at $516.
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Binance Coin (BNB) - November 26Hello?
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(BNBUSDT 1W Chart) - Mid-Long-Term Perspective
Above 118.0 point: expected to continue uptrend
Above 332.4 point: Expected to create a new wave.
(1D chart)
First resistance section: 632.6-674.1
Second resistance zone: near 757.2
First support section: near point 507.9
Second support section: 341.7-383.3
The 390.1-637.7 range is an important section of this uptrend.
So, if the price is maintained above the 637.7 point, it is expected to renew ATH.
A decline from the 390.1 point is likely to turn into a downtrend, so you need to think about how to deal with it.
The first resistance section is an important section that determines the trend.
Therefore, we need to see if we can move above or above the first resistance by around December 28, the next volatility period.
If the price falls below the 588.0 point, a short-term Stop Loss is necessary as the price may fall below the first support level.
However, as you get closer to the first support section, if there is a sudden movement, it may rise, so you need to trade carefully.
The second support zone is a very important support zone for continuing the uptrend.
Accordingly, if it falls from the 332.4 point, Stop Loss is required to preserve profit and loss.
However, if it does not fall below the downtrend line, further uptrend is expected, so countermeasures should be considered.
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(BNBBTC 1W chart)
Above 0.004813 point: Expected to create a new wave.
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We recommend that you trade with your average unit price.
This is because, if the price is below your average unit price, whether it is in an uptrend or in a downtrend, there is a high possibility that you will not be able to get a big profit due to the psychological burden.
The center of all trading starts with the average unit price at which you start trading.
If you ignore this, you may be trading in the wrong direction.
Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to regenerate themselves.
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** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly as price and volume move.
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-O and MRHAB-B indicators used in the chart are indicators of our channel that have not been released yet.
(Since it is not publicly available, you can use this chart without any restrictions by sharing this chart and copying and pasting the indicators.)
** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
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BNBUSDT Technical Analysis💎 BNBUSDT is under 2 major resistances on H4. After the breakout it is expected that it goes higher. We might see a pullback before the pump
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💵 Invest Only 5% of your Portfolio
🎳 Entry/Pullback now or from 635.3 - 599.5
☕️ TP1 690.9
🍺 TP2 746.1
🍻 TP3 803.8
🍾 TP4 850.0
🍷 TP5
🍹 TP7
🎁 TP8
🚫 SL 599.5- 562.1
Good Luck 🎲
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BNB - the road to $1,000 BNB is near the last resistance. It is worth noting that the price is making higher lows. This is a good signal for a continuation of the uptrend, which shows the strength of the buyer. If the resistance is broken through, the price could reach the $1,000 mark.
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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade.
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.
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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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.
BNB (Update)BNB bounced from the support of the $500 - $510 area. It tested the resistance of the $600 - $610 area and rejected it from there. BNB needs to break and hold above $600 to go towards the all-time high resistance of $670 - $700 area. The local support is $560 level, and major support is $500 - $510 area.
BNB/USD - Strong bounce! Another try at ATH? 😍Last week, BNB had a strong rally which was stopped in its tracks before reaching the all-time high at $692. This week, bears took control of the price and pushed it all the way down to the support at $516. For this reason, BNB’s price fell 10% over the past seven days.
The current resistance for BNB is found at $600. Since touching the support level yesterday, the cryptocurrency is back on the uptrend, but the resistance at $600 will be the real test for bulls. If BNB is successful in breaking this key resistance, then the rally can continue for a new attempt at reaching the all-time high.
Looking ahead, the indicators for BNB give mixed signals, with a bearish daily MACD and an RSI that is trying to curve back up. The fight at the $600 resistance is likely to decide the winner in the coming week.
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BNBBTC Technical Analysis⏳ Spot
💎 BNBBTC after breaking above the major resistance it has formed a Bullish flag. After breaking above the flag it is expected that it continues to go higher
🌐 Tradingview
💵 Invest Only 5% of your Portfolio
🎳 Entry/Pullback now or from 0.009793 to 0.009361
☕️ TP1 0.010192
🍺 TP2 0.011167
🍻 TP3 0.012261
🍾 TP4 0.013338
🍷 TP5 0.014500
🍸 TP6
🍹 TP7
🎁 TP8
🚫 SL 0.009361 to 0.008767
Good Luck 🎲
Check the Links in Description and if you LIKE this analysis, please support our page and Ideas by hitting the LIKE 👍 button. ❤️ Your Support is really appreciated! ❤️
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Have a profitable day 😊👍🏻