Bnb currently riding the bottom freshly printed 141 Ma's, hoping for a dip under in the next week/s which will make a great dca opportunity for either a retest back up to the 141's or a longer break back above push.
Binance coin is spending heavily on marketing at the moment, they just signed the biggest TikTok creator - this all comes at a price. They won't become the next CRO because CZ is smart AF but they're headed to sub 100 easy.
Should be a great place to buy and hold forever in my opinion - the exchange is only going to grow.
BNB / USD
BNB is testing its major support around 200$
Many tests recently only mean the support gets weaker and weaker
It’s situation looks like ETH at 1700$
if this support (200$) lost ,
next one will be 130$ and after that too much low inside old channel range up to 20$ !
Will the support hold ? Comment below
BNB is moving in the liquidity zone.
Trading volumes are growing with the price decrease, but holding the support level.
TD Sequential - reversal signal up at 30m Timeframe.
Price in the oversold RSI zone (1H TF)
Price and RSI have formed a bullish divergence (1H TF)
I expect that the price may retest the support level, but after fixing above it will start to rebound.
On the 2-day chart above price action has increased over 3500% since the 2-day life cross in September 2020. A number of reasons now exist to be bearish, including:
1) The ‘incredible sell’ signal.
2) 2-day Death cross
3) Broken market structure.
4) Double top bearish divergence (8-day chart below)
5) A significant majority of ideas on tradingivew are...
Hello guys . Follow the main index (bitcoin) for all digital currencies is possible Causes: Similar correction structure.
(Finally, I'm really saying this is just an analysis, and the probabilities are based on Elliott's principles. And I'm a student in training. Thank you.)
General negative market sentiment is continuing to impact the price of BNB coin. During the previous week, the coin was making modest moves between levels of $242 down to $204. Support line at $200 has not been clearly tested on this occasion. As of the end of the week buying orders started to emerge, which stopped the price of moving further to the downside.
BNBUSD >> 222$
The expected movement to the observed target at $ 222.....
This is an imaginary drawing that expresses the view of its owner and is not a recommendation to buy or sell, God willing, it will be a correct view
Testing/tracking elliot wave theory. Please do not trade off idea without S/L. Not financial advice.
Chart is on the weekly.
For this chart, I am trying to accurate predict the timeframe. It is very hard for people to call tops and bottoms. I have a bit more success than others, and no I do not care for bragging rights. I do not post these charts to say, I...
BNBUSD (4H Timeframe)
Waiting for the downward break of 229.30 support level which will complete a bearish trend reversal pattern to go SHORT. Only the upward break of 245.00 would cancel the bearish scenario.
Stop loss: 245.00
Take profit 1: 219.80
Take profit 2: 204.30
Strategy: Bearish reversal
During the previous week there was positive news for Binance exchange, that the company is planning to expand its business introducing a platform for VIP and institutional clients. It was also positive that the company is hiring professionals from the crypto industry during a period of time when the majority of its competitors are decreasing in number of...