BNB in a channel!I found BNB swimming in this channel
We might see it come down to gain strength at this support then the bulls take over again.
BNBUSD.P trade ideas
BNB about to do something!Top of the Morning!
So BNB found itself at a resistance right now - also supported by a strong mid term trending line. The case is the next one: If the price crosses that trend line - high probability it will revisit the support and retest the resistance on which it is right now. If it crosses now - to the moon! - revisit of ATH. Triangle breakout shows a possibility of visiting 1000$ level - let's watch if it breaks out through the resistance...
BNB SHORTThis is not looking good for BNB holders !
MACD About to cross over in it's peak which means downward movement is expected and RSI is also very near peak...
BNB had already tested the top resistance and failed earlier on today.
I expect some downward movement in the triangle I charted above...
BNB cup and handleThe new target for the coin is $750.
The price is now cleaning the sell orders on a resistence point.
bnb buy zoneshere are some rough zones were i think accumulation and resistance will be on the daily tf. there are obviously other zones on 4 hr tf. this is just a general overview. let me know if you'd like to see more of these types of charts.
Binance Coin Price AnalysisBNB peaks at $550, starts to retrace as bullish momentum is exhausted
Binance Coin price analysis is bearish today as a higher high was set at $550 after a strong rally yesterday. Currently, BNB/USD shows weakness, likely leading to a retracement over the next 24 hours.
The overall cryptocurrency market has seen mixed results over the last 24 hours. The market leader, Bitcoin, lost 0.79 percent, while Ethereum gained 0.43 percent. Meanwhile, Decentraland (MANA) is the top performer, with a gain of over 22 percent.
BNB Might break resistanceUpon bitcoin increases BNB has a very high chance to break the resistance, in case it doesn't a re-test will be at 440$ which has 90% of bouncing.
Binance Coin Price Analysis The daily chart shows that the BNB price has been in a bullish trend in the past few months. The price has also formed an ascending channel pattern. It has also moved above the 25-day and 50-day moving averages and is slightly below the upper side of the channel. The MACD has also moved above the neutral level.
Therefore, the outlook of the Binance Coin price for November is neutral with a bullish bias. This means that the coin will likely have a bullish break-out and then retest its highest level at $704.
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BNBUSD: More upside potential 🚀Hello traders , here's my point of view about binance coin. as you can see there is an empty room that can easily be filled by the price within the next weeks or months , let me know in the comment section what do you think about it.
#BNB back to $600 | NEW ATH $1000Hello Padawans,
First of all do not take this as a piece of financial advice.
BNB has already broke a huge trend resistance, and it has retested.
BNB is now free to create new ATH sequences.
Let's see what will happen next.
Cheers padawans,
May the force be with you.
Coffee CupBNB looking good. BTC may pull back soon, which might create a dip in BNB to buy (BNB currently popping).
Binance (BNB) Targets $1500 Using Elliott Wave TheoryBinance (BNB) is unloading a trend wave that could reach $1500 within the next few months. Using Elliott Wave Theory as our guide, we inspect the market’s trends (called waves) to determine where we are within the 8-wave Elliott wave sequence.
Within the idealized 8-wave structure, the market rallies in five waves followed by a three wave setback labeled A-B-C. The crypto market is also fractal, so the patterns we see for larger trends also appear within the smaller trends too.
Considering a starting point of the March 2020 pandemic low for BNB, it appears the five wave advance is incomplete with only four waves knocked out.
This implies BNB is now rallying in a fifth and final wave of the advance before embarking upon a more meaningful setback.
One awesome aspect of market analysis with Elliott Wave Theory is that there is a market geometry at play. The waves and the trends are related to one another. Therefore, we can reasonably estimate how far this larger fifth wave might carry.
Many times, wave 5 and 1 are related by a fibonacci distance or they are equal. When we apply this to the chart above, wave 5 equals the distance of wave 1 at $741. A nice gain but still a little on the small side for typical fifth waves.
Wave 5 is 1.618 times the length of wave 1 at $1435.
Additionally, wave 5 target estimates can be generated using the distance of waves 1-3. For example, 38.2% the distance of waves 1 through 3 appears near $1524.
When we mix these ingredients together, a fairly tight cluster of target prices is created near $1500. Therefore, it would be common for a market of BNB’s structure to rally from here to near $1500 before finding a more meaningful top and correction.
Continuation of the trend and a new price levelBNB shows strong resistance to the impact of the rest of the top cryptocurrencies, nice slight corrections, returns to its price level and continues to break through the next price levels (good sign)
BNB strong price positionBNB defends its price level very well, after price declines it almost immediately regains control and continues the trend upward
BNB calm and stabilityBNB has a strong price position, for many days BNB has not had any corrections or major artificial price DUMP, this shows that BNB is moving strongly in its direction
#BNB is preparing for a leg upIt is about to break downtrend. This will be the 4th trial to break it on 1H chart. I believe that it will follow the blue path and try again a local ATH.
I pointed out the path by using ichimoku levels.
BNBUSD H16: 100%+ gains THE BEST Level to BUY/HOLD (SL/TP)(NEW)Why get subbed to me on Tradingview?
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BNBUSD H16: 100%+ gains THE BEST Level to BUY/HOLD (SL/TP)(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
🔸 Summary and potential trade setup
::: BNBUSD H16 chart review
::: chart looks good /strong
::: setup still valid as of right now
::: noteworthy compression in progress
::: expecting one final pullback soon
::: get ready to BUY LOW later
::: best reload bulls near 410USD later
::: expecting 100% bull run
::: re-test of sliding S/R line
::: near 800USD later
::: BULLS stay out be ready later
::: expecting short-term pullback
::: BULLS get ready to BUY after pullback
::: TP bulls is +100% gains later
::: expecting decent gains soon
::: 20-25% pullback short-term
::: recommended strategy: BUY/HOLD after pullback
::: TP BULLS +100% gains / 800 USD
::: BEST reload BULLS near 400/410USD
::: TP BULLS is 800 USD final exit
::: SWING TRADE: BUY/HOLD IT
::: bull run not over yet
::: good luck traders!
::: BUY/HOLD and get paid. period.
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment mid-term: BULLS
::: Sentiment short-term: BEARS/PULLBACK
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Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
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