Trade setup : Trends are mixed. Following a bullish breakout from Sideways Channel , price reached our target of $260, where it got rejected again, just as it did in Nov and July. Swing Traders: Pullbacks near $220 support area could be an attractive swing trade entry, with upside back to $260 near-term. That $220 level was previously a resistance area, which was...
Binance (BNB) technical analysis: Trade setup : Trends are mixed. Following a bullish breakout from Sideways Channel, price reached our target of $260, where it got rejected again, just as it did in July. Swing Traders: Pullback near $220 support area could be an attractive swing trade entry, with upside back to $260 near-term. That $220 level was previously a...
Binance (BNB) technical analysis: Trade setup : Trends are improving. Following a bullish breakout from Sideways Channel, price reached our target of $260, where it got rejected again, just as it did in July. Swing Traders: Pullback near $220 support area could be an attractive swing trade entry, with upside back to $260 near-term. That $220 level was...
Binance (BNB) technical analysis: Trade setup : Trends are improving. Following a bullish breakout from Sideways Channel, price reached our target of $260, where it got rejected again, just as it did in July. Swing Traders: Pullback near $220 support area could be an attractive swing trade entry, with upside back to $260 near-term. That $220 level was...
Binance (BNB) technical analysis: Trade setup : Trends are improving. Following a bullish breakout from Sideways Channel, price reached our target of $260. Price broke above 200-day moving average (~$242) and needs to break above $260 resistance zone to confirm Uptrend. If it does, it could revisit $300 next. Trend : Uptrend on Short- and Medium-Term basis...
Binance (BNB) technical analysis: Trade setup : Following a bearish breakout from Ascending Triangle pattern, price resumed its downtrend and broke below $220 key level. That’s a level that held up in June and also in Dec 2022, so it’s significant that price has broken below that $220 level and made a new low. Price could revisit $200 support. Trend :...
Binance (BNB) technical analysis: Trade setup : Following a big drawdown in June, price has stabilized in a Sideways Channel ($220 – $260). Swing Traders can trade the channel (Enter near $220 support and Exit near $260 resistance). Pattern : Price is trading in a Sideways Channel , which is a neutral pattern (indication of market indecision). Trend Traders...
Binance (BNB) technical analysis: Trade setup : Bearish breakout from Rising Wedge pattern and below 200-day moving average (~$300) could signal bearish trend reversal to downtrend. It is however quickly approaching $220 support area and is very oversold (RSI ~ 30), thus price could bounce up near-term. It’s a higher risk swing trade setup since overall trend...
Binance (BNB) technical analysis: Trade setup : Trading in a Rising Wedge pattern, price pulled back near $300 support zone, which could be an attractive swing entry with upside potential to $340. Previously, after a bullish breakout from Falling Wedge pattern, price reached our target of $340 but got rejected 4x thus far. That’s also a level where it got...
". There is a possibility of temporary retracement to suggested support line (270.4220). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . BNBUSD is in a uptrend and the continuation of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at...
BNB is very strong and look like it will breakout soon Its targets should be 22$ and 28$ in this August Be careful if it drops below the last dip around 15$
BNB is not in good condition, but a small breakout close to 23.5$ today is a sign that we need to be worry because it seems that Whales will be ready to pump BNB back to above MA200 in 1D timeframe. However, buying BNB is still a good choice because the future of Binance is quite bright with good news on meeting legal issues coming from Binance and I see that in...
Accumulate : 27-28$ Sell : 31.5$ Mid-Hold : 38$ Stop : Under 26$
Buy : Close to 27.35$ as possible Sell : 29.45-31.5$ Mid-Hold : 38$ Stop : Under 27.05$
#BUY Accumulate : 25-26$ Sell : 29.45$ Mid Hold : 38$ Stop : Under 25$ Buy back : 22.5-23$