I initially set out to see if BNB was the next ETH.
One thing led to another and I ended up doing this. The BNBBTC & ETHBTC charts overlap.
The ETH/BTC and BNB/BTC charts fit so perfectly into each other's chart, that I couldn't help myself but play around.
Please See as well,...
We can see the former inverted head and shoulder breakout target I had charted on bnb awhile back is getting closer and closer to its breakout target...it had a retracement before reaching that target however which just so happened to retrace at just the right time to create a perfect cup and has now broken up from a small handle retrace at just the right...
Don't get me wrong, I love Binance and Binance Coin (BNB) too, but the charts are telling that this amazing exchange token is going to continue dropping.
Remember to hit like so that we can get started... Ok!
Binance Coin (BNB) had a really strong rally that started in late November 2018.
This beautiful altcoin went on a massive run and generated over 110%...
BNB continues to be the outright leader in this bear market
After dropping hard on the BTT news, BNB used the demand zone below to reload and it fueled the next move higher into the supply zone that has now turned into support
It has been consolidating since the month of December in this channel and broke out higher on the 5th
We could see it cool off and...
Hello traders! Today we take a look at BNB / USDT
Based on price action, we are awaiting a high TF close above this Supply level for $BNB. A solid close could take us towards $8.50 USD
Otherwise I am leaning bearish with a target Support of $5.00 USD
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Hello friends, followers, traders and haters.
∆ Binance coin showing strong breakout from downtrend. ∆
Look at chart it is shown on 2D timeframe!
⁍ RSI from 25 Nov till 13 Dec 2018 showing Bullish divergence, so we are waiting for RSI reach Overbought area near ±70-80 level.
⁍ Price targets can be found using Fibonacci Retracement tool, you can use...
After Completing Primary Eliiott Wave 12345
Now BNB has completed Secondary Elliott Wave ABC
Will BNB Make Primary Back?
It looks like this is good for us to enter, especially when added to the small confirmation on the M30 BNB, it's been broken from the DTL.
Buy: 25000 - 26000
TP 1: 29000
TP 2: 32000
I am looking at Binance Coin (BNBBTC) on both the daily and weekly time frames.
I actually looked at BNB two days ago, just before it started to move and it is looking pretty now.
We have a very strong break on the daily RSI, now reaching above 75.
The weekly RSI is also going bullish after coming out of oversold.
The weekly chart is very telling; left...
BNB rising steadily on the logarithmic trendline as a support.
On the Weekly chart well above 50 MA ..
Daily chart looks good as well with impending golden cross .
We should also have final 5th wave in BNB to complete this uptrend.
Stop loss below the redline is also must,which will break the uptrend.
All the best.
These finobacci levels line up with my S/R levels (.236/.618), tried different finobacci retracement levels and they generally line up pretty fine aswell.
The first target has been reached, just the ATH level nothing interesting ar all.
Selling approximately 25%-33% of my position in these levels.
Thank you Binance.
From the previous trade idea, we can see that BNB has reached its previous ATH (in BTC terms), although the USD ATH is far to achieve but things sure look very interesting. I'll updating my trade in this tread accordingly.
Once again thank you for trust and mutual trading.
We can now take our 55% profit.
We made a BNB analysis 2 months ago.
This is a bit of time but taking into account we have a bear market it is pretty decent.
This is a good idea to sell now and wait to re-enter.
The price is saturated.
Please look at the chart.
Thanks for your time and...
This chart shows the potential upwards trajectory of BNB/USD over the next 6 years with the prolonged growth of the cryptocurrency market. I am confident that with binance becoming one of the first major exchanges to take a large market share of the global exchange markets and solidifying that positioning with its new added debit/credit card wallet functionality....