Feels like it is. Very similar price action and price structure.
CZ just announced the $1b incentive programme - obviously the biggest out of all the ecosystems right now. This fits perfectly with the quarterly burning event happening any day now (usually within 2 weeks of the end of a quarter).
Doesn't take a genius to see this equation:
reduced supply + huge...
View on Crypto BNBUSDT (13 Oct 2021)
Follow our previous analysis on 31 Mar? Congrats.
Now I am expecting, BNB is about break out hard again.
It shall use $420 (or) $320 (worst case scenario) as strong Support regions.
If these support regions hold, we shall see $540 then $600 sooner or later again.
Let's see.
DYODD, all the best and read the disclaimer...
Many pattern that shows BNB will pump, but maybe BTC will show us the direction of BNB, If BTC continue to dump BNB will have a correction too
- Inverse H&S
- Breakout Symmetrical Triangle
As you can see in roundtrip its time now to look for a good entry for a short position, so as expected bullish one went very good and very accurate, so please plan properly a good entry after current Elliots wave cicle in 1H.
BNB has shown an affection for 0.618
This may morph into an affection for 1.618
As I have mentioned before BNB reminds me of early Bitcoin, based on price structure and price development
Not much explanation needed here, we are forming a bearish harmonic countertrend pattern on the daily for BNB/USD.
The entry target is ~$600, leaving enough room with your stop-loss for a bear spring at the top, or waiting until the rollover / bear-spring occurs.
Bullish until $600 but we will need to reassess as time goes on to check if the pattern continues to...
On the Daily time frame, things aren't looking too hot...
But when we come down to the lower time frames, it is
clear that there are a bunch of Bullish Signals ( some highlighted
on the chart and some can be seen in the VWAP and Money Flow
inside of MarketCipher_B as well as Price Action Candle Chart Patterns).
Hello everyone, if you like the idea, do not forget to support with a like and follow.
BNB is overall bullish , and now retesting the 400 green support so we will be looking for buy setups
on H1: BNB is forming a trendline in red but it is not valid yet, so we are waiting for a new swing high to form around it to consider it our trigger swing. (projection in...
Hello Fam,
INSTAGRAM DOWN
FACEBOOK DOWN
BITCOIN UP
And tradingview is UP, more we don't need!
I'm keeping an eye on this big triangle formation.
Once we break this bullish i expect us to reach 900! This is obvious a swing trade and nothing something happening overnight (although you never know in crypto :D)
Thanks for taking your time to check out my idea...
Binance coin currently sitting at macro support trend.
Expecting to see consolidation and possibly another retest after a hmu fr here before continuing up.
It is in corrective cycle and (x) is in progress, which should either do triangle or double correction before one more leg lower, means sideways move is in progress and will go for one more wave down thereafter. At the moment, it is no trade zone.
BINANCE
