Head and shoulder like pattern indicates reversal in bullish momentum vs. ETH on the daily chart. BNB have also now pierced below the thick orange 200 SMA. First target is at the 61.8% Fib retracement level. Measured move is below the 78.6% Fib retracement level.
Hi friends! This is not an easy time, which creates even more questions before the time ahead. In this idea, we see the strongest pattern "Diamond", which will definitely be worked out. Based on the logic and analysis of the chart at earlier stages (starting from November, not August as here), we tend to break the pattern down, but we cannot rule out an upward...
This is bullish as hell! BNB is soooooooo much stronger than ETH! How high will it go?
BNB Is consolidating from a rising wedge and is bouncing from the resistance level established mid Jan as well as top of bullish channel. This is definitely a short for me.
I see BNB/ETH making a cup & handel pattern. This meens that BNB needs to out perfom ETH on the higher time frames.
Long BNBETH I will enter this trade after break out of the 0.1429 zone. BNBETH has been consolidating in this zone since Nov 5. Entry trigger 4H close above 0.1429 1st target 0.1468 zone 2nd target 0.1531 zone Invalidation daily close below 0.1331 zone
BNB and ETH have been trading in a range since mid May 2021 and we are still in a very tight ranging range with neither one being able to outshine the other for a sustained period. I've had most of my "trading bank" in BNB since to last bounce off the lower support line (purple line). It does appear however that BNB is starting to build strength against ETH. It is...
Binance Coin has not seen price rises by a large margin but has still taken a step upwards since the bearish run, having shown the lowest price of $505.93 yesterday morning. Today, it has reached $545.43, and its market cap has gone up by 3.00%, up to $89 billion. Ethereum and Binance have high hopes to pick themselves up in no time, as they’ve done so many times...
BNB has been showing some strength again over ETH in the last few days, but until proven wrong, I'm considering this as a short retracement in the downtrend. I've used a few red arrows to highlight the weakness in BNB's upward move over ETH. You can see that while price has been moving up, volume has been falling indicating that there is no commitment from the...
The major trading pairs are all looking very vague at the moment with trading slowing to a crawl. I'm not trusting most of the indicators as the volume is too low for them to have any meaning. BNB has been trending up against ETH (all be it weakly) since the end of October and at this point still is. Recent price movement has brought it back down to the trend line...
BNB made a high against ETH on the 12th of April 2021 and then trended down until August. Since then there have been three attempts to break to new lows (yellow circles) that were unsuccessful. A consolidation range has followed but more recently we are seeing BNB quietly and discretely building strength over ETH. We are seeing a slowly rising RSI and can now see...
BNB is looking more interesting to me every day. Since it's "blowoff top" against ETH back in April of this year it's either been trending down or sideways. This may now be changing. BNB seems to be gaining strength over ETH and is looking to establish a new uptrend. Zooming into the 4hr and 1hr charts you can see this more clearly. There was some strong positive...
BNBETH have reacted after hitting the peak of the Daily Downtrend and now the Bears seem to take control. Let us see if price will continue selling till it touch the bottom of the trend.
January 2021, the breakout of the downtrend was a massive expansion. Watchout for price at the bottom of the current downtrend. Binance Coin / Smart Chain is not relenting of Ethereum Bulls makes the Pair bearish, expect the BNB Bulls to make the pair Bullish at the Demand zone below the current trend.
For those of you who trade on Binance this chart is of more interest. With BTC, ETH and BNB being the major trading pairs on Binance it's good to understand which of the three is outperforming over time. While ETH has been outperforming both BTC and BNB for some time, over the last week we can see in this chart that the tables may be turning towards BNB. Both the...
BNB is breaking out from descending triangle but needs to convert 0.166 resistance into support in order to break the bearish structure. Price needs to close that level and then we can expect bullish movement up to to 0.22 and above. Disclaimer: Not a financial advise. This is purely for educational purposes. Good luck and happy trading!