Hello Friends.
How are you?
today I wanna publish a new analysis of BNB
It's not financial advice. please just read and do based on your strategy.
Let me tell you something first. The market moved more than I thought. and it's really strange. when Bitcoin passed 42800 because Bitcoin did not react to this order block.
let's not go into details.
I used the...
Hello Traders and Investors, today I will take a look at Binance Coin.
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Explanation of my video analysis:
After the beautiful break and retest on Binance Coin back in 2020, we saw an insane rally of roughly +10.000% towards the uspide. Then BNB topped out in the beginning of 2021 and created a descending triangle formation. We saw a bullish breakout...
#BNBUSDT | 4 HOUR TIMEFRAME UPDATE
We can expect that #BNBUSDT will come to the zone of $599 - $582 (the grey area that you see on the chart). At that grey area, we can look for confirmation ✅ to open a LONG position.
The target of this UPWARD movement is to reach $620 - $630 - $640 - $670 - $694
Invalidation below $565
Amidst the undulating narrative of the digital assets market, BNBUSD carves a story of consolidation and tenacious bullish undercurrents, defying the broader market's languor. Let's delve into the technical indicators that sketch the potential pathways for BNB's price action.
Ichimoku Kinko Hyo Insights:
BNBUSD, on the daily chart, oscillates within the Ichimoku...
#BNBUSDT | 15-MINUTE TIMEFRAME UPDATE
I'm waiting for the price to come to the zone of $540.64 - $544.20 and then we can look for the confirmation on a 5-minute or 1-minute time frame to open a SHORT position.
The target of this Downward movement is to reach $534 - $528 - $523 - $510 - $490 - $480
Invalidation above $548.20
All the descriptions can be seen on the chart.
Here we are comparing two different patterns:
1) A continuation pattern with a flat structure;
2) A top pattern with a rounded structure.
It is all quite revealing.
➖ The continuation pattern comes right after the initial breakout —perfect.
➖ The top pattern comes right after a major bullish wave —great.
👉 First...
I am eyeing a potential breakout if BNB closes above $620 on the daily timeframe. This decisive move could ignite a bullish run, anticipating a surge towards $700.
However, caution is warranted. Failure to breach the $620 resistance could lead to a pullback. Predicting a potential decline to the $580-$550 support zone if a breakout fails to...
BNB formed triangle. In my opinion it is making decision. Broke of triangle to upside will create bullish momentum, on other hand price can drop from triangle to previous support.
Ascending Channel: BNB/USD's trajectory within the ascending channel persists, indicating a continued bullish tenor. With the current price action near the midpoint of this pattern, there is room for advancement towards the channel's resistance.
Ichimoku Parameters: The pair trades above the Ichimoku Cloud, with the price oscillating around the Senkou Span A,...
#BNBUSDT | 1 HOUR TIMEFRAME UPDATE
We can expect that #BNBUSDT will come to the zone of $576.14 - $570 (the grey area that you see on the chart). At that grey area, we can look for confirmation to open a LONG position.
The target of this UPWARD movement is to reach $583 - $590 - $600 - $620 - $640
Invalidation below $563.90
Dear analysts and traders,
I hope you are doing well and are motivated for the week ahead. I wish you all the success in your business endeavors. Remember that success in trading lies in consistently defining and sticking to your rules.
As someone interested in the Elliott Wave Principle, I find it to be an invaluable tool for market analysis. I have developed...
Yes yes, we know... this is rather a glum view of the market BUT, we'd rather be open to every possibility so that we're not taken by surprise.
According to Elliott Wave Theory, it's often the case that if Wave 2 is a simple correction, wave 4 turns out to be a complex correction. This seems to be what we're seeing right now. Wave 2 was a simple ABC correction...
In my opinion, the final target seems quite realistic. It will require a capitalization of around $373 billion. Although I have nothing in favor of the project, I believe there are enough grounds and narratives for this to happen.
