#BNBUSDT | 4 HOUR TIMEFRAME UPDATE
I expect that #BNBUSDT will come to the zone of $284 - $274 (the grey area that you see on the chart). At that grey area, we can look for confirmation ✅ on the 15-minute time frame to open a LONG position.
The target for this UPWARD movement is $298, $306, $318, $338, and $358. 📈
Invalidation below $260.70
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As someone interested in the Elliott Wave principle, I find it a valuable tool for analyzing the market. I have developed my approach by combining this principle with my personal experience and by considering various...
Sideways Market Movement: BNB exhibits a lateral trend amid a broader market slowdown.
Resilience Above $300: Despite Bitcoin's crash and altcoins' downturn, BNB sustains above the $300 mark.
Potential for a 52-Week High Breakout: A reversal and bounce back from current levels might challenge the yearly high of $352.2.
Recent Price Drop Impact: An overnight 4.08%...
#BNBUSDT | 1 HOUR TIMEFRAME UPDATE
We can look for confirmation to open a LONG position in the range of $308.40 - $302.70. ✔️
The objective for this Upward movement is to achieve $315.30 - $321.20 - $331 - $338.40 - $351 📈
Invalidation below $298.40 ❌
Binance Coin is moving in a bullish channel on the weekly time frame.
If we consider this movement in the form of Elliott impulse wave, the price can move up to the ceiling of the channel.
Target Range 3000-8000
Previously, for BNB, we considered a diametric, but the conditions of the waves are such that it seems that we are inside a triangle.
It seems that we are now in the final wave of this triangle, the E wave.
Based on the signals we have on the chart, we think $207 is the absolute bottom for BNB!
By maintaining the key level, which is $207, it can move towards...
I will not say 8X or 10X because the amount of risk or lev. you want to take/use is completely up to you.
I will not say that 255 is an easy target short-term, that is for the market to decide.
I will say though that a new lower high is about to be confirmed on this timeframe, coupled with high volume.
Lower highs since the 28th of December works as a strong...
BNB has formed this giant descending triangle which is a very bearish setup. BNB went up 700x from its lows to $700. That type of move requires a much larger correction consolidation. BNB will fall like DOGE did after its massive run up before its next move up. BNB may not participate in this bull market and have to wait till next bullmarket if it survives. ...
Not financial advice.
Notice this big inverse head and shoulders.
Need daily closes to stay above 254.00
That we have now broken out of at 254.00 .
Target upon completion is 318.00
Equal measure move to neckline is 25%>
Stop loss 223.00
Always do your own research
And always Practice patience
Wait for the setup before entries as we see here.
#PIK
Patience Is...
Current Momentum: BNB demonstrates a bullish recovery, trading at $320.5 with a 1.42% intraday increase, aiming to surpass the recent peak of $323.
Key Developments: BNB successfully retested the $300 level, now targeting $350. The price has risen by 56% in the last 90 days, backed by significant trading volume spikes.
Technical Patterns: Exhibiting a short-term...
Hello there,
I hope you're having a great start to the new year. I wish you all the best in your trading ventures and a happy new year with your loved ones.
I'm a fan of the Elliott wave principle, which I find interesting and useful for market analysis. I've developed my analytical approach by combining this principle with my personal experience and considering...
Hi Traders
BNBUSD (4H Timeframe)
Waiting for the downward break of 307.30 support level which will complete a bearish trend reversal pattern to go SHORT. Only the upward break of 326.00 would cancel the bearish scenario.
Trade details
Entry: 307.30
Stop loss: 326.00
Take profit 1: 295.75
Take profit 2: 277.05
Score: 4
Strategy: Bearish reversal
#BNBUSDT | 4 HOUR TIMEFRAME UPDATE
We can look for confirmation to open a LONG position in the range of $242 - $237.✔️
The objective for this Upward movement is to achieve $245 - $249 - $257 - $270 - $295 📈
Invalidation below $227 ❌
🌪️📉 Gather around, brave short sellers, for a tale of market turmoil and thrilling opportunity in the realm of cryptocurrencies! 🌐✨ In the shadowy depths of the crypto world, a storm is brewing, a tempest named "BNB" (BNBUSDT). 🌩️📊 According to the ancient scrolls of the three-weekly charts, this once mighty digital titan has encountered a formidable resistance...
Taking a look at this market we are coming from a bullish impulsive move followed by a larger correction which is outlined by the trendlines. Our correction acts as a continuation pattern meaning the previous move we were coming from is more likely to be repeated so overtime we can anticipate a bullish move on BNBUSD. Taking a look at the current market within the...
