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Bnbusdtanalysis

BNB Possible Double Bottom Trading PlanTLDR: • BNB is on the verge of breaking out the range high in a possible Double bottom reversal. • Above the range high is a supply zone between 256 – 266 USD. • I consider this supply zone as another layer of resistance. • Wait for a retest of the range high as support and for green dots on the TTM Squeeze indicator before betting the farm on BNB. Background: • Between the 5th of June and the June 12th BNB lost 30% of its dollar value. • On June 12th, BNB reached the selling climax and set the range low at 220$. • On June 13th and 14th BNB rallied to make the range high at 252$. • On June 28th, BNB tested the range low as support. • Until today BNB wasn’t able to successfully break out of the range. Supply Zones: • BNB’s downward move was in a “drop, base, drop” pattern. This pattern created two supply zones above the range high. • The first supply zone is between 256 -263 USD. • The second Supply zone is between 274 -281 USD. • Until these supply zones are exhausted BNB’s uptrend can be challenged. Double Bottom Pattern: • A double Bottom is a bullish reversal pattern. • The double bottom is confirmed only after a break above the neckline. • It is not clear yet if we are in a range or in a double bottom. However, it makes no difference as far as the trading plan is concerned. Trading plan: • I am writing this trading plan assuming that we do have a double bottom and that BNB will break above the range high. If the breakout fails, I will look for another entry and update you. • Pay attention to the supply zone just above the range high. This supply zone will create bearish pressure on BNB and may push the price down, possibly below the range high. • Don’t buy the breakout. Buy the retest of the range high as support. • Take profit or move your SL before the second supply zone between 273 – 280 USD. • You mnust look at the volume candles to verify the breakout. A breakout on low volume is, most likely, doomed from the beginning. • You can use the TTM squeeze indicator (by Beardy_Fred) as confluence. Wait for the green dots as a sign that volatility is back. However, this is a lagging indicator. To make the best use of this indicator, check the LTF. Trade Idea: • Entry: 252 USD (only after a retest and green dot) • SL: 243 USD • Target: 308 USD • R: R: 1:5 • TP: 273, 208 NFA What do you think? Please share in the comments. Best wishes.
BINANCE:BNBUSD.PLong
by NewThoughtCrypto
BNBUSDT at monthly support, likley to head to 261 and 306The green zone marked on the chart is the confluence of monthly, weekly and daily supports. Therefore, it presents a very strong support area for the price to hold. Even during the brutal drop the price experienced a few weeks back, this is the zone where the price held and bounced back. Then there was a dip into this zone again to retest that area and now it is bouncing again from that zone. I believe the price is heading for the daily resistance DR1 zone first where it may experience some pullback and then head for the weekly resistance WR1. There might be some struggle at daily resistance DR2 zone but I believe that would not be significant in case price reaches there.
Long
by angela_altair
BNBUSDT Elliott Waves Analysis (Global Expectations)Hello friends. Please support my work by clicking the LIKE button👍(If you liked). Also i will appreciate for ur activity. Thank you! Everything on the chart. Entry: market and lower Targets: 400 - 600 - 800 For holders main target zone: 750-1000$ after first target reached move ur stop to breakeven Stop: ~180 (depending of ur risk). ALWAYS follow ur RM . Risk/Reward: 1 to 11 risk is justified Good luck everyone! Follow me on TRADINGView, if you don't want to miss my next analysis or signals. It's not financial advice. Dont Forget, always make your own research before to trade my ideas! Open to any questions and suggestions.
Long
by trytofeelpositive
11
BNBUSDT Elliott Waves AnalysisHello friends. Please support my work by clicking the LIKE button👍(If you liked). Also i will appreciate for ur activity. Thank you! Everything on the chart. Entry: when the price fixes above 300, or in the zone of 230-250 Target: 400 and ~500 after first target reached move ur stop to breakeven Stop: ~190 (depending of ur risk). ALWAYS follow ur RM . Risk/Reward: 1 to 5 risk is justified Good luck everyone! Follow me on TRADINGView, if you don't want to miss my next analysis or signals. It's not financial advice. Dont Forget, always make your own research before to trade my ideas! Open to any questions and suggestions.
Long
by trytofeelpositive
3
BNBUSDT Elliott Waves Analysis (Global Vision)Hello friends. Please support my work by clicking the LIKE button👍(If you liked). Also i will appreciate for ur activity. Thank you! Everything on the chart. (sorry for a dirt) It is quite possible that the bottom for BNB was passed around ~180$, and we have completed the formation of the global wave (IV) of flat(3-3-5) and we are expecting a good growth in wave (V) in the area of 900-1200$. Target zone: 900-1200$ Risk/Reward: 1 to 15 Stop: ~180 Good luck everyone! Follow me on TRADINGView, if you don't want to miss my next analysis or signals. It's not financial advice. Dont Forget, always make your own research before to trade my ideas! Open to any questions and suggestions.
Long
by trytofeelpositive
1
#BNB TRADE SETUP Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities. Do consider following me for the latest updates and Long /Short calls on almost every exchange. I post short mid and long-term trade setups too. Let’s get to the chart! I have tried my best to bring the best possible outcome in this chart, Do not consider it as an BNB is making this triangle pattern in the 4hr time frame. Entry range:- $280 to $300 Target1:- $330 Target2:- $360 Target3:- $380 Target3:- $400 SL:- If any 4h candle closes below the lower strandline of this triangle pattern . This chart is likely to help you make better trade decisions if it does consider upvoting it. I would also love to know your charts and views in the comment section. Thank you
Long
by CRYPTOMOJO_TA
2
#BNB/USDT UPDATE Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities. Consider following me for the latest updates and Long /Short calls on almost every exchange. I post short mid and long-term trade setups too. Let’s get to the chart! I have tried my best to bring the best possible outcome to this chart, Do not consider it is finance advice. #BNB UPDATE BNB has formed this big channel pattern and inside this channel, BNB is making descending channel patterns also but we expect a retest to the lower line one more time and then we can expect a bounce. This chart is likely to help you in making better trade decisions if it did consider upvoting this chart. I would also love to know your charts and views in the comment section. Thank you
Long
by CRYPTOMOJO_TA
2
BNBUSDT Analysis (LOCAL VISION)Hello friends. Please support my work by clicking the LIKE button👍(If you liked). Also i will appreciate for ur activity. Thank you! Everything on the chart. Entry: market and lower Target: 480 - 520 - 540 after first target reached move ur stop to breakeven Stop: 380 (depending of ur risk). ALWAYS follow ur RM . Risk/Reward: 1 to 2 risk is justified Good luck everyone! Follow me on TRADINGView, if you don't want to miss my next analysis or signals. It's not financial advice. Dont Forget, always make your own research before to trade my ideas! Open to any questions and suggestions.
Long
by trytofeelpositive
#BNB/USDT WEEKLY UPDATE BY CRYPTOSANDERSWelcome to this quick BNB/USDT analysis. I have tried my best to bring the best possible outcome in this chart. Hello Members, welcome to our BNB/USDT weekly update. As we can see Bnb is currently trading on a lower trend line inside a rising wedge pattern which is a bullish continuation pattern. Looking to the current scenario it can bounce from the green zone $358 - $400 and go up to the resistance level which is $620-$700. So there is a high chance that we can see a bullish trend in BNB/USDT. MACD (moving average convergence divergence) also shows a bullish crossover. If btc moves in the right direction. This chart will be invalidated if it breaks down the lower trend line and retests. Thank you, Happy trading. Remember:-This is not a piece of financial advice. All investment made by me is under my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade. Happy trading. Sorry for my English it is not my native language. Do hit the like button if you like it and share your charts in the comments section. Thank you...
by CryptoSanders9563
1
BNB IS READY TO GO FOR NEW ATM LONGHi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities. Do consider following me for the latest updates and Long /Short calls on almost every exchange. I post short mid and long-term trade setups too. Let’s get to the chart! I have tried my best to bring the best possible outcome in this chart, Do not consider it as an BNB is breaking out from the falling wedge in the daily time frame and also looks like a bullish flag-like structure. Entry range:- $360-$370 Target1:- $442 Target2:- $508 Target3:- $572 Target4:- $650 Target5:- $840 SL:- If any daily candle closes below $330 then I'll exit. This chart is likely to help you in making better trade decisions, if it did do consider upvoting this chart. Would also love to know your charts and views in the comment section. Thank you
Long
by CRYPTOMOJO_TA
BNBUSDT Analysis (LOCAL VISION)Hello friends. Please support my work by clicking the LIKE button👍(If you liked). Also i will appreciate for ur activity. Thank you! Everything on the chart. Entry: market and lower Target: 460 - 500 - 550 Stop: ~315 (depending of ur risk). ALWAYS follow ur RM . Risk/Reward: 1 to 3 risk is justified Good luck everyone! Follow me on TRADINGView, if you don't want to miss my next analysis or signals. It's not financial advice. Dont Forget, always make your own research before to trade my ideas! Open to any questions and suggestions.
Long
by trytofeelpositive
1
BNB/USDT DAILY UPDATE Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities. Do consider following me for the latest updates and Long /Short calls on almost every exchange. I post short mid and long-term trade setups too. Let’s get to the chart! I have tried my best to bring the best possible outcome in this chart, Do not consider it as an BNB is breaking out from the falling wedge in the daily time frame and also looks like a bullish flag-like structure. Entry range:- $360-$370 Target1:- $442 Target2:- $508 Target3:- $572 Target4:- $650 Target5:- $840 SL:- If any daily candle closes below $330 then I'll exit. This chart is likely to help you in making better trade decisions, if it did do consider upvoting this chart. Would also love to know your charts and views in the comment section. Thank you
Long
by CRYPTOMOJO_TA
BNB/USDT 1DAY UPDATE BY CRYPTOSANDERSWelcome to this quick BNB/USDT 1 day analysis in the chart I have tried my best to bring the best possible outcome in this chart. hello folks Looking at BnB/USDT it looks like the bubble top pattern created earlier may bounce back to the first double top so I can go to $360 and $440 from here and back to $395 for a retest. bounce back as $700, This is not a piece of financial advice. Sorry for my English it is not my native language. Do hit the like button if you like it and share your charts in the comments section. thank you.
by CryptoSanders9563