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BNX / TetherUS

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BNXUSDT trade ideas

🔥 BNX Massive Channel Break OutSome time ago I made an analysis on BNX and the rising channel it was trading in. I expected the price to rise all the way to the top resistance of the channel, and then potentially reverse from it. The top of the channel has been reached, and more! As of today, BNX has successfully broken out of the bullish channel, paving the way for more potential gains soon. With BTC showing some short-term weakness, I prefer to keep my targets close. See blue lines.
Long
by FieryTrading
2
BNX FAIR VALUE GAP !!!What Is a BinaryX Token (BNX)? BinaryX platform is the project associated with CyberDragon, a play-to-earn game built on Binance Smart Chain (BSC). The team of BinaryX aimed to create a metaverse game named CyberDragon wherein every player can recruit heroes, enhance levels of heroes, challenge dungeons, and rob unique items. Metaverse is a notion of an online and 3D universe that enables users to meet, work, socialize, and play games in these 3D spaces. The game's ultimate aim is to defeat the Cyber dragon, the ultimate boss. By defeating the dragon, players can get dragon treasure chamber rewards. The players can form a character that gets leveled up by the consumption of Gold. Gold is the in-game currency that can be gained by finishing dungeon adventures or daily mining. BinaryX platform is a multi-token economic system where players can discover the adventurous dungeon and earn daily work income. The multi-economic system comprises BNX, Crystals, and Gold. BNX is a governance token of the BinaryX platform. The token holders of BNX can contribute to community governance. It implies that they can vote on crucial decisions concerning the game. A large portion of the BNX tokens that users pay in the game is employed to determine event rewards, which is finally returned to all the users. The game's main currency is Gold. Gold is needed in most consumption situations within the game. The players can use Gold to recruit other players to build a team. Heroes in the game are required to use Gold to upgrade. Another currency utilized in the platform is Crystal. Players consume Crystal to reforge tools while challenging any dungeon in the game.
Long
by MustansarAli514
🔥 BNX Regaining Strength After Massive CapitulationEarly last month I made an analysis on BNX and the fact that it was capitulating very hard. My initial target of $50 was reached fairly quickly, congratulations if you took the trade. For now, I think that BNX is not facing an immediate capitulation risk. There's a high probability that all the selling has taken place in December and that there's little sellers left. I'm looking at the top of the channel for a potential long-exit and/or short entry. The pattern could very well be classified as a bear-flag, so I'm cautious with calling for longs.
Long
by FieryTrading
1
Bull pennant on BNXI am a little angry about this asset and want it to face plant but I can't help but see the momentum to the upside. Bull pennant printed with pole right into visible area of interest, and a huge gap fill. I don't know what's happening - devs own most of it - but it seems to be recovering well. Tomorrow is PCE so caution needed and I'm mostly holding shorts but I'm eyeing this rater lovely bull pennant and can't help but want to trade the confluence of perspectives to the upside.
by decklyndubs
4
BNX TRADE SETUPBNX Chart Update. The 2H CUP&HANDLE got INVALIDATED. Cause the HANDLE did not form. Now I'm looking at BNX with these 2 possible scenarios. 1 DESCENDING TRIANGLE ( yellow color ) and a SYMMETRICAL TRIANGLE ( white color ). Notice that, when meeting the 4H CUP & HANDLE target , BNX formed a RISING WEDGE , which has a IDEAL BREAKOUT TARGET at the bottom of the wedge. Which also aligns with the WHITE triangle's BEARISH breakout target. Need 1H candle body OPEN & CLOSE outside the triangles for CONFIRMATION. Entry upon retest. Use proper position sizing. Take entry in parts. Non financial advise. Trade at your own risk. Do your own research.
Short
by HopeTheory_
4