Hi all, look what is happening now on the BNB coin chart BINANCE:BNBBTC
The ISHS was forming...
After the breakout from the falling wedge...
And here is my trading idea
it is risky, but I just bought some BNB and I am staking it for the future (long term).
BNB/BTC Again Bounce from Support
I am Expecting This Time it Will Brake the $0.0019800 Resistance✅
💰You Can Accumulate Some Amount💰
Binance Presents Stake Wars - Stake BNB on Binance Chain Testnet with 3,000 BNB in Prizes
Binance Coin (BNBBTC) is getting back on track and we can notice a very strong green candle with bullish indicators.
We can say that the retrace is complete and prices can resume going up.
The first target is sitting at MA200 at 0.0021076 followed by 0.0026219.
This is not financial advice.
Pattern: Channel Up on 1D.
Signal: (A) Bearish as long as the Higher Low trend-line holds, (B) Bullish if it breaks.
Target: (A) 17.100 (projected contact with the 1D MA50), (B) 27.500 (the Feb13 Resistance).
** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
BNB has been in a bear-trend since its massive rally to ATH's in early 2019 when it reached 48134sats. On the way down price lost the Weekly Supports of 33000sats and 26555sats, however the Weekly Support of 16800sats has held strong since first being tested in March this year. Price is now testing the downtrend identified on the Weekly TF which runs from ATH and...
Here a quick and straightforward analysis for BNB. which it reached a demand zone and already had a bull's defense. But be careful, we are still next to the long-term resistance line, so we can do nothing but wait for a precise definition, with the break of support or resistance.
BNB / BTC Breakdown of the downtrend line + 13.13%. A double bottom figure is formed at the local level.
Fixing the price above the downtrend will mean a trend reversal and exit from the accumulation channel.
These movements are on the coin and the work was shown and described in advance in this trading idea in March (3):
BNB / BTC Accumulation channel....
As you can see in the chart, BNB was able to break its strong 14-month downtrend a few days ago and close above it for a few days.
The price floor is marked with a red number and the price ceiling is marked with a green number.
Because this long-term failure has been well preserved so far, I personally believe that the uptrend will continue.
In this case,...