Binance - how much could the price drop❓❓ All altcoins as well as Binance have corrected after yesterday's fall in Bitcoin. Bnb broke the trend line that has been building since June 22 and is now consolidating. It is now difficult to say where the price will go, as bitcoin is still in global consolidation and with it all altcoins. Potentially, if the price comes back and tests the trend line as resistance, with volumes rising, you could try to open a trade with targets lower.
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P.S. I personally will open entry if the price will show it according to my strategy.
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Bnbsignals
BNBUSDT Is Heading to Reach 346.99
Welcome back Traders, Investors, and Community!
Hi Traders, BNBUSDT on H4 has been strongly Bullish and making HHs and HLs. The price might go lower to around 321.72 before it goes higher to 346.99
⬆️Buy now or Buy at 321.72
⭕️SL @ 308.78
✅TP1 @ 346.99
✅TP2 @ 360.66
✅TP3 @ 374.33
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BNB, Binance Coin - the best zone for buying is...You can see on the chart where is a big accumulation area(230-280$ per coin). And u can see how price bounced from it. A lot of players opened positions there. If the price goes down to this zone again, it will be a good chance to open a long position on the spot.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
BNBUSD latest trading ideaThe symmetrically formed triangle is sending a message of hope for both buyers and sellers.
However, it pays to stay firmer at the buying position; the coin will mostly leverage the bitcoin force.
*Next resistance levels are poised at $275 and $305 price points. *
They are expected to serve as the profit-taking areas for buyers.
Sentiment: Bullish
Decision: Buy while the pair value is low.
BNBBTC Buy on break-out or on the 1D MA50Quick analysis on BNBBTC. As you see on the 1D time-frame, the RSI has hit a Resistance level that is holding since early 2018. The MA50 and MA100 are about to form a Golden Cross but no bullish move can be made as long as the 0.0032000 September 2020 High doesn't break (which makes it the current Resistance).
If the September High and the RSI Resistance forces prevail, be ready to buy once contact is made again with the 1D MA50 (blue trend-line), as on the pair's previous Bull Cycle, every 1D MA50 touch was a buy entry.
If however the the 0.0032000 September 2020 High breaks, the whole sequence will look very similar to the December 2017 bullish break-out fractal, which following the break-out from the Resistance, it peaked just above the 1.618 Fibonacci extension.
That extension is currently at 0.0063. Do you think its possible?
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BNB 1D. Will the news about BNB staking keep off the $14 test?On 6 September, Binance announced the possibility of participating in BNB staking , which caused hype and abnormal coin buy out during the day (compared to other altcoins that day)
Users will be able to placec BNB, BUSD or ARPA in three separate BEL cultivation pools for 30 days starting from 9 September.
On 16 September, Binance will open token trading in pairs with BTC , BNB, BUSD and USDT.
Bella Protocol was created by the ARPA project team. It is positioned as an Aggregated User Interface for existing DeFi protocols. In August, Bella Protocol raised a total $4.5 million in a private token sale of 6% BEL fees. The selling price was $0.75 per coin.
Several factors to consider:
an unknown number of staking participants, the more participants the less the reward for everyone in the form of BEL coin
trades will begin as early as 16 September and it is not known what the situation will be on the crypto market, perhaps the fall will not be covered by bonuses in the form of BEL coins, since the price of future trades is not known
it is another DeFi project that can be pumped up a lot and the BEL coin will be much more expensive than the previous $0.75
staking participants can pick up their BNB coins at any time and merge in the market.
Technical analysis
An active buy out on 06.09 with high volumes did not receive support either on 07.09 or 08.09, trading volumes began to decline - it confirms the manipulative growth.
Moreover, daily candles on 06.09 and 07.09 formed a classic
reversal price pattern "Hangman".
Therefore, we believe that the long scenario only after fixing above $23.96 .
In all other cases - short , with global targets down $16.50-16.60 and $14.10-14.26.
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BNBUSD Trading PlanPattern: Channel Up on 1D.
Signal: (A) Bearish as long as the Higher Low trend-line holds, (B) Bullish if it breaks.
Target: (A) 17.100 (projected contact with the 1D MA50), (B) 27.500 (the Feb13 Resistance).
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BNB/USDT - faster than market)bnb overtakes the market, and an upward movement only confirms my judgment on bitcoin.
safe purchase will be after the breakdown of the level of 16$.
once fixed, it's safest to come in.
you can also place a deposit order above $16.
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BNB UPDATE I can count 5 waves down on the 15min so, I know that we'll see more bearish action in the future. How deep? Well, at least to <18
There is also some bull divergence on the 15min timeframe. Will we bounce soon? If correct, I expect a complex/sideways pattern with $21.8 as resistance followed by new dump.
Stay safe!
BINANCE COIN Going to $38 or pulling back on the ATH test?Crucial crossroad for BNBUSD. The 1D Channel Up pattern is too obvious (bullish leg, low gradient consolidation, repeat) but may be "too good to be true" as the price is virtually on its All Time High set in January 2018.
If the short term trend continues (1D Channel Up) then the Binance Coin eyes 38.000. If the long term trend prevails then I am looking as a 0.382 - 0.500 Fibonacci retracement (17.700 - 15.400) before another attempt to break the All Time High and aim at 38.000.
Consider all this well and trade accordingly.
Important point for Binance Coin.BNBUSD was rejected shortly after it broke through its 0.500 Fibonacci extension on 1D. On the previous attempt to break the 0.500 - 0.618 level of the all time highs, it consolidated and declined to the recent December bottom.
It is apparent that it needs to break above the 0.618 level (12.84) to change the negative bias of that level as a rejection zone.
If you have bought in December - January it would be better to book at least some profit now and buy again either near the bottom levels or after 0.618 breaks.