The criteria for an additional drop from our last analysis were met, BNBBTC closed below EMA50 and the price continued falling and found support at EMA200 (orange line).
Now, let's take a fresh closer look at the Binance Coin vs Bitcoin (BNBBTC) chart and see where Binance Coin is headed.
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Binance Coin vs Bitcoin
In Weekly TF BNB Is Looking Bearish So It's Better To Wait For Entry..
All Indicators Are Bearish So Stay Safe.. (MACD + RSI + RVI)
New Entry Zone 310-330 Sats Area
Next Target Will Be New High If Broke The Uptrend Resistance..
What Is BNB ..??
From the ICO, Binance issued its own coin called the Binance Coin, with BNB as the symbol. BNB...
BNB situation is really important. if it cants stabilize above 40000 we should say goodbye to it for a long time. It needs a deep correction.
Stop loss 40000
Time analyze: we have three important time cycles and date upcoming:
I expect important and strong price moves from these dates.
Here we have BNBUSDT 1W chart.
As a coin forming this pattern tests old highs, it is likely to incur selling pressure from investors who previously bought at those levels; selling pressure is likely to make price consolidate with a tendency toward a downtrend trend for a period of four days WHICH WE HAD AS HANDLE to four weeks, before advancing higher....
With no doubt Binance coin is one of TOP performers on crypto markets. Reaching ATH in bear market, proves that this coin has lots of support and followers.
Trend is your friend. Keep it simple and don’t fight against it. As longer BNB is above MA, buy the dips and play along. Looks like higher prices are coming.
From trading perspective, the best buy was on...
We shared an update about a week ago for Binance Coin vs Bitcoin (BNBBTC).
For us cryptocurrency lovers Binance Coin is like Bitcoin, we have a love-hate relationship with it. We love it no matter what, and we hate when it is going down. So we are always happy to share when there are bullish signals and things are looking up. I dislike sharing bearish anything...
Check this out: price of BNBBTC going ahead of Bitcoin market at the moment, giving the opportunity to look into the future of Bitcoin!
On the yellow line we can see short-term retracement really closely to the moving-averages.
After it price making Expanding Wedge or rising channel with fakeout and higher highs, showing us bearish divergence on the RSI...
Candle stick pattern showing large buying sentiment and volume confirming it on top of the previous high* whilst touching the 50 ema signifies a possibility for a continuation up to the 28$ mark if measuring at the previous swing where the fuel might tone off because of a new high.
I have a long.
I want to talk about the Token of Binance Crypto Exchange. Changpeng Zhao CEO Crypto Exchange in the world.
They solved a lot of problems for traders.
You couldn’t be able to cope with the unloading and lagged all the time at the moment when there were big movements, such as Poloniex, Bittrex, Bitfinex. Who remembers remember this.
We’ve gotten a lot of...
Parabola = Danger.
This warning is for anyone thinking of FOMO-buying at this late stage.
Remember how Bitcoin went parabolic in late 2017? Remember how I warned about this in a Facebook post on December 24 2017? No? Well then you should have been following me ;-)
The point is, parabolas are always danger signs towards the end of a trend. BNB is nearly at its...
Before I explain the strategy, here is a little story.
Not earlier than yesterday, I got a very constructive comment:
"Why should I buy your scripts ? If really they were working you would be on permanent vacation."
The guy was right and I think the same towards people who sell their knowledge on the internet.
However what he didn't know is that I was...