BNBUSD.P trade ideas
Binance Coin: moving in oversold areaWithin a single week BNB lost some 29% in value. This came as a result of the negative market sentiment and general push of asset prices to the downside. BNB started the week testing $250 support line but soon managed to break it and finish the week around $190 next support.
During the whole week RSI was moving in the oversold territory, around level of 23. Moving averages of 50 and 200 days continue to move with modest divergence from each other and with a clear down trend. Main question at this moment is if the market has reached its bottom in price correction, after which short price reversal might be expected? To answer this question, Monday will be a day to watch. In case that correction is over, it could be expected for the price of BNB to return to the previous significant level at $250. However, if correction continues, there is some probability for a support line at $150.
Disclaimer: This article provides exclusive views of the author. It does not in any sense represent a suggestion for trading.
BNB is flirting with Hades!It broke $212 crucial support. Next short-term stop is at $140, but is a weak one.
Unfortunately, the next strong support is way way down to $45.
BNB supply surfaceswaiting for the price to reach the Levels I draw these are the taughest levels I've found in the monthly time frame and it needs time for reacting the price to countertrend
BNB - "SPRING" IS ON THE WAYBlackStrat SELL SIGNAL triggered at Wyckoff Preliminary Support (213,9$)
SHORT BNB BELOW 210$
STOP @ 221,7$ (3.89%) - below EMA 200 (m30)
TP1 @ 194$
TP2 @ 172$ (19.12%)
Risk/Reward Ratio : 4.92
Spring is on the way...
Wo1and, PhD
bnb usd 1 weak scalewhat i see now and what i alarmed about bnb from 1 year ago ..... highly recommend to be aware from this coin till it will reach to the best level shown in the chart to be precious for buying
BNB - FOR AN OPTIMAL SUPPORT (61$)Fibo Channel.
Ones mid channel broken, it is obvious to retrace and complete low volume "pockets", indicated by levels rays.
0.382 channel is a good asking price. If we break it, we might visit a former 2019 ATH (43$).
Anyway, the sister company (Binance US) of global cryptocurrency exchange, is facing a class-action lawsuit from investors for the sale of LUNA and TerraUSD (UST) - source below. This is the main issue that could interfere in growth perspective of the ecosystem !
Source :
cointelegraph.com
Wo1aNd, PhD
Massive head and Shoulder on BnB. Near capitulation?If confirmed on daily (not yet) Technical target is around 70, that would be around -90% form ATH (as usual for an altcoin) but probably even further as nothing blocked it to go back to around 40/50 (see other line).
30$ and 18$ are loadinghi everyone, big fall is on the way, do money management and enter sell position!
targets:
206$
124$
30$
18$
BNB critical support !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
BNBUSD ❕ Binance US is being suedBinance US is being sued.
BNB went down from the range, to the nearest liquidity zone there is a large space for price movement.
I expect that further decline to the support level may continue if the price fixes under the trading range.
300 IS THE FIGURE !SHORT BNB @ 300$
STOP @ 312$ (3.96%)
TP1 @ 270$
TP2 @ 245$ (18.22%)
Risk/Reward Ratio : 4.6
300$ is a figure ! Outside from the Bear Flag, price has kissed the deviation once before dive to test the 300$ again!
My SHORT is triggered. Still keep an eye on the wick above my STOP (312$). But it push price to go below the figure (300$)
As we did not touch the EMA 200 (323$) we are still in the game.
Above, I will reconsiderate to find something to SHORT @ 340$-370$ levels.
300 IS THE FIGURE !SHORT BNB @ 300$
STOP @ 312$ (3.96%)
TP1 @ 270$
TP2 @ 245$ (18.22%)
Risk/Reward Ratio : 4.6
300$ is a figure ! Outside from the Bear Flag, price has kissed the deviation once before dive to test the 300$ again!
My SHORT is triggered. Still keep an eye on the wick above my STOP (312$). But it push price to go below the figure (300$)
As we did not touch the EMA 200 (323$) we are still in the game.
Above, I will reconsiderate to find something to SHORT @ 340$-370$ levels.
Binance Coin: potential for reversal, but only short oneBNB was under high pressure during the whole week. At the start of the week price was pushed shortly to the level of $313, but selling orders were prevailing with this coin during the whole week. Soon, price reverted to the downside and reached its lowest weekly level at $266 on Saturday trading. Support line at $250 has not been clearly tested, which opens a path toward this level in the coming days. BNB is ending the week around $270 level.
RSI does not show the potential that the market might soon head toward the overbought zone. The indicator was moving between levels of 40 down to 33. Oversold market has not been clearly reached, which increases probability for it in the coming days. MA50 continues to diverge from MA200, indicating that potential cross is still not in prospectus for this coin.
As the support line at $250 has not been clearly tested during the previous week increases the probability that BNB might shortly test this level in the coming days. Current charts show decreased probability for this level to be broken, except in case of negative market fundamentals. Short reversal of the coin might push the price back to the resistance line at $300.
Disclaimer: This article provides exclusive views of the author. It does not in any sense represent a suggestion for trading.
#bnbstarburst Possible Genius?Announcing staking before a crash…missed opportunities or gained fortunes (hmmm) Always be careful in a bear market. The house wins…A Gann study Lots of lines… Patience Pays
BNB follows ETH to the downside?!#BNB follows Etherum? Support area by around $275 loses steam! Mid-term target for BNB could be by around $150!
Bullish on BNBBinance Exchange coin BNB, has been holding a strong support and it is now time to be bullish because bitcoin is about to break its long
resistance zone of $30k..
Previous months has been consolidation around the 28k to 29k key support areas...
BNB - RSI AnalysisBNB has reached a low on the RSI that has been seen before
This low provides a good point of entry for the coin on this Weekly timeframe
It may go lower as seen in the first scenario, but the upsides outweigh the drawdowns
BNB TO 50$Nothing much to say, based on my analysis, bnb is going to 50$, say whatever you want but that is the fact.
BNB - Looking stronger than most. BINANCE:BNBUSDT is looking stronger than a lot of other cryptos.
Today we might see a rally back to 308 area before more selling into the target gartley buy area at 277.
It could be a great buying op coming up.
Intraday AI has a high coming in @ 20:30 this evening.
One to watch at that time if we are around that 307 area.
Interesting day ahead. Enjoy the day.
