BNB - REBOUND FROM SUPPORT #1! What's Happening Next?Happy Hump Day, Traders!
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Here's a trading idea.
But firstly...
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Quick Disclaimer:
Trade at your own risk. This post/chart is for your reference only, it is not intended as a recommendation, nor is it an advice to sell nor buy this crypto asset, nor to place any trade.
Trading poses a risk of losing some or all of your money and it will be your responsibility if you lose money.
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BNB is still trading below its 50 MA but has bounced off support #1 @ $325.
So Where Is BNB Headed?
BNB will re-test the 50 MA and if it breaks through it the expected target region is Resistance #1 above coinciding with the upper border of the green descending channel at about $480 to $500.
BNB getting rejected by the 50 MA will revert back down towards the Support #1 region@ $342 and further dipping will bring it down towards the "A" Region where BNB could revisit the $256 price level and eventually the Support #2 bar. The lower border of the green descending channel could pose as support.
Stoch RSI: Huge Upside Potential
Always remember to place your Stop Loss.
Price action is KING!
Patience and Discipline are KEYS to a successful trade.
Trading is both a Science and an Art.
Develop an intuition and listen to your instinct while following the rules putting emotions aside.
If you have not yet developed it, you will develop this as long as you stay consistent with following
the rules. The skills will become second nature to you much like how you acquire the skill in riding a bicycle.
Soon it will be your subconscious running your trades, again, much like when riding a bicycle
the balancing is controlled by the subconscious part of your brain.
Be PERSISTENT and stay PERSISTENT.
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More power to all your trades, my friends!
Ron
Intrepid_Trader
BNBUSD.P trade ideas
Binance Coin Price Analysis — March 9Binance Coin (BNB) has shown some promising bullish signs on Wednesday as Bitcoin snaps the $42K barrier. The bullish bias comes after BNB recorded a sustained break above my long-lasting descending trendline last week. However, bulls have struggled to take the daily 50 SMA ever since, keeping the price close to the trendline.
That said, today’s bullish momentum in the broader crypto market seems a bit more aggressive than normal, presenting the possibility of a break above the $410 barrier in the near term. Bulls need to close today’s candle above the 50 SMA to sustain the bullish trajectory, prompting a sharp rebound to the $450 top in the coming days.
Meanwhile, my resistance levels are $410, $436, and $450, and my support levels are $380, $350, and $340.
Total Market Capitalization: $1.84 trillion
Binance Coin Market Capitalization: $65.1 billion
Binance Coin Dominance: 3.53 %
Market Rank: #4
BNB/USDT Technical Overview ( Bearish Retest )#BNB/USDT TA Update:-
Total Overview about This Coin:-
$BNB current price is $405
Currently trading at Resistance level.
$440 is resistance barrier.
If break this level then we can see Upward move.
If $BNB break $500 barrier then We can see $1000 also in couple of Weeks.
But below $440 , I am bearish for short term.
If Rejected from current level resistance then We can see $250-$300 level also.
Long Term best Accumulation zone will be $100-$150 ( Not now its can take time but this will be best entry. )
One TL showed Bearish Retest and One TL showed Bullish Retest.
So Personally I am bullish only above $440 level otherwise waiting for more Downside move.
This is HTF chart.
Support levels:- $280/$200
Resistance:- $440-$480 / $668
BNB - Top-Down Analysis!Hello everyone, if you like the idea, do not forget to support with a like and follow.
WEEKLY: Right Chart
BNB is overall bullish and now approaching the lower brown trendline so we will be looking for buy setups on lower timeframes.
DAILY: Left Chart
BNB formed a valid channel in red but it is not ready to go yet.
Before we buy, we want the bulls to prove control.
Trigger => Waiting for a momentum candle close above the last high in gray to buy.
Meanwhile, until the buy is activated, BNB would be overall bearish can still trade lower inside the green support.
In this case, we will be looking for new buy setups to form.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
BTC Continuation to the upside or drop? - Todays altcoin: BNBYo guys, welcome to the channel Hawkeye Charting.
MM left trap signals again and moved price with aggression and speed out of the upper 30k zone.
Time to look critically on the major MM cycle in order to understand, which notable zones have to be broken for a continuation to the upside...
No BS like bullflags. No Asking: when moon?
Always referring to the current state of psychology and what the market maker aims to do next.
Pointing out the major trend on Elliott Waves .
Peace
Disclaimer:
No financial advice!
All content is for information and entertainment purposes only and only reflects our personal opinions or market steps. Viewers are expressly requested to form their own opinion on the content and the statements as well as, if necessary, to seek professional advice.
BNBUSD (4H) Bullish reversalHi Traders
BNBUSD (4H Timeframe)
A Medium-Low probability, entry signal to go LONG was given at 386.0 after the market completed a bullish trend reversal pattern. Only the downward break of 355.6 would cancel the bullish scenario.
Trade details
Entry: 386.0
Stop loss: 355.6
Take profit 1: 404.8
Take profit 2: 435.2
Score: 4
Strategy: Bullish reversal
$24 million worth of BNB tokens burned since the BEP-95 upgrade,BNB’s trading volume saw an increase of 26% in the last 24 hours.
50,000 BNB has been burned since the BEP-95 upgrade.
This can lead to an increase in the value of the BNB token.
The BNB BNB/USD token is a cryptocurrency intended to be used as a means of trading and paying the fees on the Binance cryptocurrency exchange.
It was initially created in July of 2017 and was called Binance Coin, prior to the renaming to simply being known as BNB.
The High-Yield Crypto Investment DApp Shaking Up The Binance SmaHigh yield farming DApp BNB100X is bringing massive returns to investors. As the crypto market heads into what is expected to be an extended bear market, investors will need a safe haven to weather the storm and BNB100X presents that safe haven. Giving as high as 19% daily returns on investments offers investors a way to earn a steady passive income on their crypto.
$24 million worth of BNB tokens burned since the BEP-95 upgrade,BNB’s trading volume saw an increase of 26% in the last 24 hours.
50,000 BNB has been burned since the BEP-95 upgrade.
This can lead to an increase in the value of the BNB token.
The BNB BNB/USD token is a cryptocurrency intended to be used as a means of trading and paying the fees on the Binance cryptocurrency exchange.
It was initially created in July of 2017 and was called Binance Coin, prior to the renaming to simply being known as BNB.
Binance Coin PlummetToday, it's an absolute bloodbath in financial markets. Besides bonds, which are doing OK, stocks and cryptocurrencies are getting absolutely ravaged by the news of the Russian invasion of Ukraine yesterday evening. At noon ET, top-10 cryptocurrencies Binance Coin ( BNB ), XRP ( XRP -1.99% ), and Solana ( SOL 5.88% ) had dropped 9.4%, 10.7% and 6.1%, respectively, over the past 24 hours.
Binance Coin Prepares For Correction (25% Drop Ahead)Binance Coin (BNBUSD) is heading lower while aiming to hit below $450.
The correction already started and we have huge bear volume.
The MACD shows plenty of room available for additional drop.
The market moves in waves... Up and down, up and down.
We had a bullish wave for the major altcoins, now we are looking at a bearish wave.
Be ready.
It will last a few weeks or a few months at most and then we resume the growth.
Namaste.
BNB between a rock and hardplaceBNB dropped out of the great HTF triangle and did a failed retest and was rejected by the 4H 200ema. Now price is squeezed below the former range support and the LTF ascending channel support. Likely will break down to the lower range support as the RSI has already broken its trendline.
great buying oppurtunity!BNBUSD is a great buying oppurtunity at this price level for long term. We just opened a "no leverage" long term investment on the Binance coin since we strongly believe in the future of this coin.
We do not offer any financial advice and are not responsible for your actions. We strongly suggest you to do your own analysis before entering any trade.