BNBUSD.P trade ideas
BNBUSDT Short IdeaLooking at this trend line, we will notice it is self explanatory but for the benefits of more clarity we will offer little analysis to back it up. We can see the bearish trend channel from the top of 700 down to the level of 446. This particular pair attempted a reversal at around 400 zone on the 15th of February 2022 but got rejected again forming a local double top at 446 after having previously tested the 330 support zone. The next support zone is the 336 level but however it is not expected to hold for long based on the antecedent of the trend line and the overall not so favourable macro outlook for the entire crypto market.
Taoheed Adeshina Nafiu.
Disclaimer: The information provided by OlaoneFx is for educational purposes only and should not be treated as investment advice.
bnbusd weeklywell it looks like ascending triangle formation in play for now but best bet is to wait until it push himself above 660 usd...
what i see above 660 usd bnb might give u a 2x or 4x profit...
of coruse it can make you crazy with sideways before 660usd
BNB Price Prediction: Bearish to 336, as long as 465 maintainedHow did BNB price perform last week?
Binance Coin failed to sustain a break above the key weekly 23.6% Fibonacci retracement resistance at 415 and formed a shooting star-like bearish candle.
TA wise, what can we expect from BNB this week?
The bearish bias remains intact, underpinned by the downtrend line and bearish momentum. The bears are expected to strive for the tested support at 336. Persistent bearishness would lead a further drop to the psychological support at 300.
To avoid the bearish fate, the bulls must surpass the resistance confluence at 465, formed by the downtrend line and the 38.2% Fib retracement.
FA wise, what can drive the price to the anticipated targets?
The recent investment of $200 million in Forbes, a non-core business for Binance, should raise investors’ eyebrows. Companies flushed with cash but with little idea on the future direction of growth usually follow this path, i.e., investment in non-core businesses, towards value destruction.
BNB short idea - Head & Shoulder breakdown BNB has broken down from a head & shoulders top formation below the neckline at $407. Targets of the pattern should project a move to approximately $373. We are consolidating underneath the neckline in the form of another bearish flag formation which generally see's price action break down further. Nice risk reward ratio here as you can place your stop loss just slightly above the neckline @ 407 for a risk-reward of approximately 6x.
BNBUSD 4 hour chartThis is a test chart for my modified predictive indicator.
The stops and trade entry points on the chart are for hypothetical and practice trading.
BNB SFP confirming reversalBackground:
BNB has confirmed a swing failure pattern (SFP)/deviation above the range building since 20 Jan'22. High volumes marked in red arrows to reinforce the boundary while fading volumes in green arrow to support lower boundary of a smaller 6 day local range. RSI just confirmed rejection off underside of 50. Confirming below $407 would confirm an H&S pattern with a target around ~$375. Risk reward for market shorting a breakout is not ideal with tight stop-losses failing in this choppy market.
Strategy:
Wait to see if price confirms S/R flip on $407 to enter short. First target the H&S target ~$375, second target lower boundary of range ~$361, third target start of D3 demand zone confluence with macro 0.5 fib line at ~$355. SL above 6 day local range mid at $420.30, confluence around POC and meme price. Keeping an eye on SFP at lower range boundary to enter long if price doesn't confirm breach below D3 demand.
Invalidations:
Confirming another SFP at upper range boundary would not invalidate this scenario in itself unless there is a show of weakness on resistance. Price breaking above ~$480 and I scrap this plan entirely
BNBUSD UP Trend.!#BNBUSD Hello trader, I hope are good and safe. Today I opened the chart of #BNBUSD for 15 MIN and analyzed it then I see that this chart has made a UP TREND, So I hope BNBUSD will go up,
When price retest the Support line then Nice opportunity for Buying.
If you have any query then leave a comment.
Keep Supporting And Thank You..
BNBUSD (4H) Bullish wave We2Hi Traders
BNBUSD (4H Timeframe)
A Med-High probability, entry signal to go LONG will be given with the upward break of $426 after the market found support at $407. Only the downward break of $407 would cancel the bullish scenario.
Trade details
Entry: 426
Stop loss: 407
Take profit 1: 465
Take profit 2: 500
Score: 7
Strategy: Bullish wave We2
BNB - My Trading Plan in a video!Hello everyone, if you like the idea, do not forget to support with a like and follow.
Here is the top-down analysis for BNB, feel free to request any pair/instrument or ask any questions in the comment section below.
Best of luck!
BNB BREAKOUT 4H SCALP ONLY
This is a short update for BNBUSDT, BTC Break $38,500 area, for a short term you could scalp BNBUSDT as price given
LONG BNBUSDT
ENTRY: 388.2
SELL: 399 - 416 - 438
BNB TURN INTO BULLISH FOR SHORT TERM
The Crypto market seems to turn bullish since BTCUSDT Success to break 41K. Keep in mind, this is a short-term signal. so close your position as long as it's hit the TP.
Open Long Position Now: $429
Close/TP: 440 - 450 - 460
INVALID: BTC DROP TO $41100
Leverage : 5x - 10x max
Congrats to someone who follows this signal
Keep your position with stop loss = entry position + profit
BINANCE FINALLY BREAKS THE 400$ BARRIER!!!!!A couple weeks ago I posted an idea saying that Binance will eventually rise and form a strong rally, which it finally did today.
T O T H E M O O N
Happy Trading !!!
BINANCE Support Breakdown Retest Entry.If anyone wants me to explain this chart analysis to them, then please comment and let me know.
P.S: I'm getting into the habit of posting multiple Ideas per day and that's why i'm not willing to put much time and effort into describing my analysis. However, I'll be more than glad to explain the ideas later on to anyone, who's got subjective and non-linear questions.
With that being said...
Happy Trading !!!
Bitcoin 02.02.2022 - Forecast [Update]Just an update about the final move up before BTC starts descending most likely till $800 but it might reverse sooner and I plan to see it before happening
Binance Coin Monthly pivot-point -2202Support and resistance are refer to price levels on charts that prevent the price of an asset from getting pushed in a certain direction.
BINANCE COIN EASY + PROFITABLE SETUP.So, what you all actually see is a Descending Triangle Pattern formed in Binance Coin.
A descending triangle is a part of the 3 famous triangle patterns, namely:- Ascending, Descending, Symmetrical.
All these patterns are some way or another part of Price Action Trading. In this case the upper trend line indicates lower highs and the bottom line indicates equal lows(~).
And eventually, price breaks the pattern and a Bearish Breakdown occurs.(Keeping in mind that the break may vary in the other two patterns).
After the price took a little support, it went back up and retested the previous support which is generally when most of the traders prefer to enter and make a position, as it's the safest entry possible in the given circumstances.
With that being said...
Happy Trading !!!
BNB 382 LONG
BNBUSDT is aligning for a bullish opportunity at 382 towards 403
-Price respecting FIB levels 382-618
-Targetting the FIB extension levels
.13 @403.5
.272 @412
-Trade idea invalidated on the structure break of the 4th Wave
My style of trading focuses on flowing with the trend, and patiently waiting for the story price reveals. Fibonacci, Harmonic Patterns , Wave Sequences, Price Action, and a mixture of Multi-Time Frame Confluence. Most importantly the visual realization of emotions cycled into the chart.
As always THANK YOU and if you found this video helpful, please let me know by giving a like and/or leaving a comment below.
Also, feel free to share your opinion on this setup or any other. The more ideas we can generate together, the more information we can spread to the trading community, LOVE & PEACE!
~T$
