With the low of wave (2) in magenta, Binance should have finished a longer descending phase. Thus, we expect the altcoin to advance significant upwards movement, heading for the resistance at $398.20. This mark should be conquered in due time, so that the top of wave (3) in magenta can be reached. However, a 30% chance remains that Binance could slip below the...
Hi folks today I'm prepared for you BRITISH POUND analytics. After breaking through resistance at the level of 300, Binance Coin continued to grow and reached the level of 345, where it formed a resistance zone, from which it began to decline. The price fell to support at level 300, after which it continued to rise, re-tested the resistance zone 345-350 and...
BNB is one of the few coins that we see as having a high potential for the future and we thought it would be interesting to see how it develops in a wave pattern.
Our priority scenario in Binance Coin is the development of wave 3, which can take the price to $299 and above. BNB falling below $240 will change our markup.
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For a couple of weeks, Binance has been moving in an uptrend channel.
The price broke through the important level of $326, tested as support, and rose to the level of $350. There, Binance met a very strong resistance zone and corrected towards the 320$ level.
The price has now broken down the uptrend channel and dropped below the important 326$ level. If the...
As we can see, we have a bullish pennant chart pattern breakout. A pull back is in action back to $340 - $347. After the pullback, I expect price to go long to $380, $420 and $500.
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Price formed a nice pattern for a long position. For the last 4 days, we squeezing near to the all-time high. And I think, it will be a good entry point only after breakout and retest to the key level.
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Long Trade Setup #1: Retest and Continuation (200MAs)
1. Price Action: Price needs to move back down to the 200MAs, currently projected to be @ $250-255 by the time price reaches it, and bounce back up.
2. Trade Entry Confirmations: Bullish candlestick pattern, above average volume, MACD bottoming
DISCLAIMER: I am NOT a financial advisor and this post is NOT...
The BNBUSDT pair has been showing strong bullish sentiment for the last month.
At this time, the BNB coin works out well technically. Those who took advantage of our ideas for this trading pair could take good profits.
Now it looks like the BNBUSD price is consolidating and channeling upward with a range of $100 between the boundaries of the channel.
As of...
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Trade Setups
Below...
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BNB has been rallying...
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Trade Setups
Below are the...
In the previous idea, we assumed a target for the growth of BNBUSD $110
But we were also surprised how soon this goal was achieved and that the growth did not stop there.
The price consolidation currently taking place in the BNBUSDT pair is likely preparing for another upward impulse.
The levels for taking profit on Longs, which should be taken into...
Against the news background that the Binance exchange is launching the Binance Pay payment service, the token of the BNB exchange itself has risen in price.
BNBUSDT price easily broke up the level of $67 , fixing a high of $75.50.
Now, there is consolidation over the level of $67-68. If sellers do nothing, or buyers do not let the price lower much below this...
For almost a year now, the BNB price has been moving up the channel, clearly working out its limits and the average of the channel.
Only once did the BNBUSDT price make a false breakout of the channel in mid-September 2020.
It should be bear in mind. To understand how the BNBUSD price might behave, we copied the price movement fractal.
Now a shot to $54.84 is...
Relative Strength Index: The RSI is currently at a low 35 points. After dipping below the 30 points threshold twice in the past few hours, it's heading back down once again. If it stays above the 30 points threshold it will continue to drive the market down, if it crossed below the RSI will signal an oversold market and a rebound will ensue.
Bollinger Bands: ...
