As long as the price is in the range of $31.60-33.40, the formation of the "Triple Top" reversal pattern is probably ending.
At least for now, most of the necessary conditions are met:
- the first peak with the highest volumes
- the second peak is usually below the others
- the third peak is the high update, but the volumes are weaker than at the first peak.
❇️What Is🌟 BNB🌟?
Binance coin is tokens used in the binance platform, so although they are traded in the open market and their value fluctuates, they are something like a currency like the US dollar or bitcoin. In any case, the use of binance coins is very wide, so the value of this token is ascending.
We know ,Binance is the largest exchange in the world of...
BNB Now at resist area around 29.5
Long if Break 29.5 and sell at 31 - 32
waiting confirmation , if break 32 and the price could stay above it Long again
But if BNB correction, I think the price 23 - 24 is perfect area to buy
BNBUSDT (4H CHART) Technical Analysis Update
BNB/USDT currently trading at $28.50
Long Entry: After Ascending Triangle Breakout in 4h chart( only enter long after 4-hour candle close above the resistance level at $28.75
STOP LOSS ( support): I will update once Breakout happened
Resistance level 1(Target) : $31.00
BNBUSDT is trying to have a retest on 0.382 - 0.5 Fibonacci level. After that retest, we could see a new bearish impulse until dynamic daily support.
According to Plancton's strategy (check our Academy), we can set a nice order
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
Long term Binance is likely to thrive and their exchange token is quite likely to hit the red box top zone in my chart here.
This is a huge long term advance, and considering the token's advantages if using the exchange, it is quite probable to be reached by Jan/Feb 2022.
Best of luck if trading it.
Although BNB witnesses a sharp increase in the last week, due to BTC dump, it fell to previous support zone. Nevertheless, I see a bright future for BNB. However, caution is recommended because a new dump for BTC is possible (to 16800$ zone).
I recommend buying at B1 (1/3) and B2 (2/3) zones with proper SL and TP.
Hi every one
chart is speaking it self!!
Remember that Trend is our friend and we have to hold his hand and go with it.
Traders, if you liked this idea or have your opinion on it, write in the comments,We will be glad.
Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast
Expect a big price action (either bull or bear) at the spot i marked blue. That's another point of high confluence. Notice how it went bullish at the last confluence.
Always wait for confirmation before entering the market.
Just like many other pairs, BNB is regaining its recently lost value at a very fast pace. It bounced of sharply from the trend line that has been holding strong for almost two months now.
My take is that it has more room for growth, with potential targets at $32 and $35.
$32 being the most conservative target and $35 being the most risky one, but with potential...
I created a strategy and an alert system based on simple indicators that can produce very high results. I am going to start posting some of my results weekly, open for critique. I've actually been using my alerts in the live market, and with pretty good success, but I figure it is always better to have some constructive criticism. I have a ton of experience with...
What we mean by Add this coin to the watchlist ?! 👀
This means the coin we mentioned is forming a pattern or moving near a historical bottom, around or above good support, increase in trading volume, shows a reversal candle but no reaction from bulls, accumulation stage, etc, so, we tell you to keep your eyes on this coin until the right time for entry and...