Having created ATH of 22498.79, BNBTHB price have formed a falling flag setup at the same time shifted the structure of the market entirely. We may see a retest of 21384.21 area which happens to be our OB area.
Buyers have to be very careful to avoid getting trapped on that OB area since we have a 2 equal highs which suggests from previous price movements that...
Since the drop from 22k ATH, BNB Coin was trading very constructive and after the double bottom in 7k zone is putting in higher lows on our chart.
Yesterday the coin has broken above 17 zone resistance and now is trading at 17600
Dips towards 17k should be bought for a target at 22k ATH
This scenario is negated under 16k
BNBUSDT was bullish making HHs and HLs and taking support from trendline.
It has broken the trendline and hovering under it suggesting a change in trend.
Trade Plan: Sell on Strength
Sell Level: 458 - 466
BNB is the first coin to show an uptrend. And by far the most interesting coin for investors.
The price broke through and tested the trend line as support. This was a good buy signal.
The local resistance is now on the chart at $519. If the price breaks it, the next target will be the historical high.
Write in the comments all your questions and instruments...
As we can see in the chat BNBUSDT make inverse head and shoulders on 4hr & breakout and Cup handle on 1day time frame and bullish Signal on EMA MehranBahader indicator which is bullish Bias for me about BNB.
Disclaimer: Not a financial advise
According to the chart the trend in 4h time frame is downward trend
we have 2 minor zone for the price that can reaction to it but i think it can break the (3) and can reach pullback to (2) then if it cant be support there it fall down to major support (5) and if it be happening the price can fall down of major support BUT ONLY WITH SHADOW NOT CLOSE...
Could see a push on BNB today after this squeeze being forced over the last few weeks.
Got a good pick up around 460 on the EQ at the end of the month but looking to hold this through the decision here.
Break above could see a rally to high 500's
Break down or rejection at this level could see us range back to 460, but with Bitcoins latest push I dare say we will...
BNB needs some rest and getting energy for next targets. it is near the roof of ascending channel and just beneath weekly heavy resistant 530BUSD. BNB has not a significant growth or loss in this week.
BNB looks Neutral and undecided just like the other coins.
Right now that I'm posting this chart, I can feel the market is going through a little correction.
those 2 support areas can hold the price up. if you're into opening long positions, here is a setup for you.
Wait for the price to cross that resistance area and right after the closure of the first 4H candle...
At this Moment Binance Coin Chart is So Bullish.
All Eyes on BTC. If the buyers manage to keep the price, We can see bnb to the moon...
If you're Interested in my ideas, Like it and give me your opinion in the Comments.
Assuming bull market continues, which I believe it will, BNB will make a push toward $1,300 by June of 2022.
There will be one more dip toward $240. This will put BNB into a symmetrical triangle pattern which can be bullish in the right circumstances (a bull market).
Fib extension predicts target price of close to $1,300. Thoughts?
Worse case scenario, bear...