I'm buying some #BNB around its supports. Targets are:
$586.20
$619.80
$649.00
$690.60
$743.70
Supports are:
$533.30
$498.70
We recommend you use tight stop-loss
BNB/USD (Binance) following yesterday's price drop, there was a notable amount of buying activity around the $500 price level, indicating that many investors placed their orders there.
If this support ($500) doesn't hold we can expect a bigger drawdown till the $416 or even $358 demand zones. These zones might offer a better opportunity for investors to buy at a...
Hello my dear reader, we are doing candlestick reading now and we will focus mainly on recent price action.
I hope you are having a nice weekend.
Sometimes we focus on Elliott Wave Theory as the main system we use for charting/sharing. At times, we focus on the moving averages, oscillators and trend. At other times, we look at correlated markets and so on; when...
🔍Today, we're analyzing BNB, which is nearing its all-time high (ATH). This coin is making its third attempt to break through the resistance at 630.6. As you can see, it was rejected the first time and failed to reach the resistance level the second time. This time, it has only made a slight move towards it, and we need to observe whether it can finally break...
📊Analysis by AhmadArz:
🔍Entry: 606.4
🛑Stop Loss: 598.2
🎯Take Profit: 614-623-633
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BINANCE:BNBUSDT has been making higher highs on the daily timeframe. However, on the 4H timeframe, the market is moving sideways. It is forming the triangle formation, which is a trend continuation pattern. The price bounced off the bottom of the pattern. It is heading toward the top of the triangle. If you look at the weekly timeframe, it took liquidity below...
Hi.
BINANCE:BNBUSDT
Today, I want to analyze BNB for you in a 9H time frame so that we can have a SHORT-term view of BNB regarding the technical analysis. (Please ✌️respectfully✌️share if you have a different opinion from me or other analysts).
BNB is testing the top of symmetrical triangle on 9H timeframe
Up We Go if we manage to break upwards🐃
✅ Due to...
Hello my friends .
This a complete idea for BNB so if you are one of the BNB fans or holders ; make sure to read this idea until the end .
Oh right my friends as I said before , when you are looking for a mid term trade , it's better to start with the higher time frame like monthly and weekly then going to the smaller one to find a good entry :
let's start...
we see the formation of a downward pattern In the BNB chart which is considered a correction in the high time frame.
Recalculations are required if the daily candle closes above $646.
We can attempt to short BNBUSDT from specified level if it break last HL , also there is bearish divergence indicate that it move downward.
SL , TP mention in chart.
This chart shows a double top which indicates that a reversal pattern will start but based on RSI it seems to be not consistent move and a sideways pattern will appear. So here I apply support and resistance patterns for a precise entry price.
BNB (BNB) is definitely coin worth of investing because of their exchange and all projects on BNB Chain. This is trade (investment) setup on larger timeframe. I am not looking to reach targets 2,3 and 4 very soon, that could be year(s). I will sell most of my capital on targets 3 and 4. Small portion will be sold on Target 1 and 2.
Entry Zone: 249-296
Buy Zone 2:...
