Hey, I am back with another idea.
This time on BNB.
Binance coin has seen its breakout few days ago due to exciting news with its own blockchain.
Now we are looking at Pennant, called descending triangle.
"The descending triangle is another continuation pattern, but this triangle is a bearish pattern and is usually created as a continuation during a downward...
Charting made by application of Fib Retracement on a lot of scales, while overlaying them.
NOTICE the candle time (3H). This is a VERY LONG play (days - maybe even a week), mostly done because I think I see a good EW pattern there.
If you look at my previous charts you can see that BNB really loves Elliot Waves, that's why I see this as plausible.
Legend:
1)
In...
BNB will see a huge breakout soon Triangle Pattern is forming up so hope for good.
Next Targets are:
0.0012000
0.0012900
0.0013800
Leave a like down below and hope for good and don't forget to follow to get more updates on Coins and Tokens in crypto market and hit that like button.
Thanks.
BBN
BNB seems to be making an (open ? - I really can't grip the word right now) triangle formation WHILE also trying to break the 11$ .
Well, that's at least what it was trying to do before the Bitcoin Shakeuk which happned while I was writing this. So I guess it will stay in this triangle for a bit more.
Showing Strong Support on 10 USDT and 10.3 USDT. If those...
Not really a prediction, but wanted to point out what a beautiful thing to trade BNB/USDT is.
Almost perfectly following Elliot Waves On a Fib Circle in combination with trend lines & Fib retracement --- it's just beautiful.
I think I'll make a daily update on this chart from now on.
Btw: I expect a slight correction right now at ~9.7 USD before retesting 11...
Good Morning, Traders!
Binance coin recently broke out of a 3 month long descending wedge in the bullish direction. After this, the price began to form a similar pattern. Although, because this decline can only really be seen in a lower time frame, it would be considered a flag rather than a wedge. The price is currently at the bottom of the flag and because the...
Price explosion with BNB following the announcement of the Binance Chain. Second wave retraced a little under 0.5 of the first one, and the rounded bottom appears to be getting ready for the third wave. If it goes to 1, it'll reach $12.5, which is a plausible scenario. Safer bet would be 11.42, at 0.618. At the moment of writing, it's at $9.96, which means a 25%...
This is the twelve hour BNB chart. It shows higher lows and a clear neckline, if price action breaks below the neckline bearish outlook can follow. The difference between the neckline and the head gives a standard idea of the minimum entry. BNB does have a burn in the month of April as well as being the coin of the 2nd biggest exchange.
There is a nice uptrend line for the last 2 days that is lending to a possible market reversal.
Oftentimes when the market is consolidating a level it will tighten up our indicators, which are all based on price action. So for this setup we are seeing the Daily Pivot Range indicator, the 3 Day Rolling Pivot Range indicator and the Opening Range indicator...
In the past two months, BNB grew well at first but crashed particularly hard since mid-Jan, losing 80% of its value.
We can see from the chart, the eventual bottom was at less than 0.2 of the full previous growth.
Before the crash, BNB chart was very clean (as you can see). After falling out of the rising wedge around mid-Jan, it stayed at around 0.5x fibo for a...
Looks like btc has started showing some signs of reversal and we are all looking for different coins which will grow with btc and has the most potential. So here is one of my picks.
BNB will up with support XABCD Patern and Trend up very strong.
Buy a few and Hold it
Buy order : 13.6 - 14
Profit Target
(1) 15.7
(2) 18.4
(3) 21.2
(4) 24.4
(5) 28
(6) 32
Good luck Everyone
Thanks
