BNBUSD and BTCUSD give me very similar vibes
This is shown through structural formations and the ability to sketch a parabolic uptrend with the recent higher lows that have been presented
The comparison is with 2017 BTC and its parabolic run
Sometimes I find it strange how moves like this can repeat themselves (supposedly)
It will be interesting to see how this...
Expecting the price to make another higher high above 700$ level, we are in a bullish market on a HTF analysis, price just made a retracemnt back into fibonaci discount market area and 500$ where we had a nice rejection of a daily bullish candle, due to uncertainty yesterday in the markets BNB didnt drop as much as all the crypto market (ex.BTC dropped 10% on...
Let’s take a look at Binance Coin. It is looking good! Today we gonna answer the question, which target can BNB price reach?
The price now is testing the daily Supply Zone and 1 Fib extension level for the last impulse. If the daily candle will close above the Supply Zone the road to the next targets will be unlocked. 1.61 Fib ($740) is the next...
The supply zone is a strong support area. I don't think this area will break. In the area I indicated in the green circle, single-digit prices will work as support. for exp 400-390-380 etc.
Supply zone should be protected by following btc. If prices continue to break down within the BNB supply zone area, but btc is up-trend signaling , this zone is safe.
Binance failed to close higher and corrected 10% after trying to make a new high. Bnb has now broken the local trend line and tested it as resistance. If the price tests the broken trendline again as resistance, it could be a good selling opportunity and the price will likely go lower. The closest area where there could be enough liquidity and Bnb will stop is the...
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BinanceCoin (BNBUSDT) is forming a potential double bottom with the neckline at 305. If price breaks above 1. 40 with strong volume , I will be looking to take a...
Yesterday Binance tried to renew the local high at $316, unfortunately, it failed, and after reaching the high BNB rolled back by 8%. A triangle is forming on the chart now, and at the moment I see two options for price movement!
1) If the price reaches the lower boundary of this triangle and trades near it, it could mean that the price is likely to break this...
BNBUSDT is testing the neckline of the inverse head and shoulders pattern at $355-360. Bitcoin has already broken out of the inverse head and shoulders , so lets see if BinanceCoin can follow. A break above $360 with good volume could be a good place for a long. That said, right now there is the 200MAs serving as resistance, so price needs to break through that;...
Binance Coin suffered rejection before hitting $440 last week. The bearish price action superseded a recovery move from the crash to $210 in May. As sellers regained, the bulls' focus shifted to securing higher support, perhaps at $400 and $380.
However, declines soared, with Binance Coin plunging below the 100 Simple Moving Average (SMA) and the next tentative...
At this rate, it’s very tough to be bearish Binance.
I’m highly confident $BNB will hit the targets on this chart within a few months.
Now, as with any position or trade, practice good risk management. There’s a possibility that I’m wrong and I’m prepared to take a small loss if that’s the case.
However, bulls seem to be in control:
1. 4 hours Ichimoku...
BNBUSDT - Intraday - We look to Buy at 507.4 (stop at 491.6)
Daily signals are bullish.
Trading close to the psychological 500 level.
We look to buy dips.
The trend of higher lows is located at 500.
A lower correction is expected.
Our profit targets will be 554.8 and 578.8
Resistance: 550.0 / 580.0 / 600.0
Support: 530.0 / 500.0 / 485.0