It is a trading setup that is based on a breakout above the nearest resistance zone. The price moved above SMA200 and we can expect a new uptrend. For this, the price will have to move above26.00$ and stay above SMA200 in the 4H timeframe.
Here is an example of a long trade:
Buy above 26.25$
Stop below 23.75$
Profit Target at 33.00$
Risk per trade must be no...
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Good afternoon! New local BNB idea which continues previous ideas.
The main scenario works out well, the levels work.
The next step in our scenario is the continuation of the fall to the range $20-20.45. We think it is a good purchase zone.
Regardless of how aggressively the price comes to this range, we estimate the risk of the fall continuation to...
Binance Coin (BNBBTC) is looking really strong with prices now trading above EMA50.
The last time BNBBTC moved above EMA50 a 290% bullish wave followed.
Last week prices closed above EMA50 on a very strong green candle with the highest volume since July 2019.
The RSI is very strong at 67 while the MACD allows for additional growth.
Any trading above EMA50...
Binance Coin (BNBBTC) is now trading above EMA300, this level has been working as resistance since February, take a look:
EMA200 and MA200 were also taken out yesterday, this is a strong bullish signal.
As long as BNBBTC remains above all these levels, we are strongly bullish, prices can continue straight up.
BNB to complete a 5th wave at the significant level of $40. The initial run was from a broadening wedge, if you drill down to lower time frames you will see another broadening wedge being created. Price could drop town a bit retrace to 61.8 and then complete the move with another impulsive wave.
Share your thoughts on BNB in the comment section below
Binance is expanding its reach into the payment industry with its acquisition of Swipe. Swipe is a digital wallet, crypto trading platform, and Visa debit card, all rolled into one.
Swipe users can deposit or trade over 30 cryptocurrencies, including Binance’s native BNB token. The Swipe debit card then allows users to spend their crypto assets at over 50 million...
After a strong upward movement, the coin started a correction. The price reached 33.50$ level and now it is a new resistance zone. If we talk about possible buying opportunities, I would like to draw your attention to the support zone formed by 26.00$ support level and SMA50. If the price reaches this zone and we get a reversal, it will be possible to open long...
The information background around BNB staking did its part and heated up the coin price very well.
When the price of BNB rose above $23.96 , the long scenario became active, which clearly worked out in our previous idea .
+ 33% for 3 days isnot so bad)
If the cost of BNB does not rise above $31.5 it will be an ideal point for a short with a stop $32.5...
Hello, as predicted few days ago (see the linked idea below) in this moment of undecision the only "sector" that is well performing is the exchange tokens field. They usually grant staking benefits and allow you to have discounts on fees.
This growth is mainly due to the BNB token which is growing a lot because of the BELLA protocol "ico" they are running and is...
The price bounced from the support zone formed by SMA200 and 18.00$ support level and moved to the resistance zone. That upward movement was rather weird as Bitcoin and other top altcoins moved sideways and we could expect the same movement of Binance Coin. The price reversal from the support zone gave us a buying opportunity. If you could catch that reversal...
I was only 20 years old when I witnessed the crypto boom in 2017. It got me interested in both crypto and trading and I was drawn in by the hype around the massive gains being made in this sector. It took a while for me to mature and learn about myself as a trader. There were moments where I checked my crypto-assets right as I got up and panicked into a frenzy,...