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...
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.
We can see that BNB is accumulating in demand zone for the second time (we can see what happend after 1st accumulation stage)
And now we can witness the 2nd breakuot and catch some nice gains.
Buy levels are marked on a chart.
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....
The above the weekly chart has a wedge (potential breakout) formation. Below has some additional details.
BNB has some positive news where Binance CEO CZ hinted that the exchange will be launching a DeFi-related IEO.
Rumors from Binance CEO CZ about an upcoming DeFi involvement send BNB upwards and maybe break this resistance.
As long as Bitcoin...
BNB boom boom
Chart showing breakout very soon.
falling wedge have not more space left and anytime breakout,burning bnb coin in july month.
BNB bullish.This alt sleeping from long time and time to awake.Already tested bottom.
Do your research,I am not financial advisor.
BNB is retesting both the range low and the downtrend line which has been broken ealier. This is where swing traders should step in for the aim of the range high.
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-This coin has been in a downtrend since 2019
-A series of Lower Highs and Lower Lows
-But this time around, we can see a Bullish weekly RSI
-There is a clear downward channel which is Bullish also
-Currently, the price is testing the upper trendline
-Holding above the 20MA which is a good sign
-To confirm this reversal pattern, a breakout needs to...