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.
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...
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
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.
- BNB sound dangerous with all the FUDs made by US government.
- But Binance is still from far the first exchange in the world by liquidity and trades volumes.
- they won't let go BNB so easily.
- it's still an easy trade for now if u play it wisely, and with strategy.
- No Danger, No Glory.
--------------------------------------------------------------
Trading...
Hello !
If the current monthly japanese candlestick closes above $277 (current tenkan sen monthly level) then I think that the price could go up to $350.
If the price reaches $350 then I would sell my BNB and wait for a pullback (to eventually $277) to buy again.
Greetings
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...
Greetings
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...
BNB has been oscillating in a wide channel since Feb last year (2021); almost ideal situation for swing traders.
Now, since last Jun, BNB started a upward (impulse) wave and recently broke a major downtrend line, and now an inverted wedge as a correction pattern is almost finished. Can we see BNB reach the upper line of the channel? or even break the channel and...
