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Bnbusdsignals

BNBUSD Patience! One more month of consolidation before $2350.Binance Coin (BNBUSD) has been in Accumulation Mode since early March (March 11 1W candle), trading sideways within initially the Mayer Multiple Bands (MMB) Mean (black trend-line) and the 1st SD above (grey trend-line) and since July within the 1st SD above and the 1W MA50 (blue trend-line). With regards to the 1W MA50 in particular, not only has it been the support since the late December 2023 bullish break-out but was successfully tested and held on the most recent pull-back, the August 05 Low. This solidifies its position as the Support throughout the remainder of the Bull Cycle, which was in fact also the case during the previous Cycle where BNB had the final accumulation phase (blue ellipse) from September to December 2020, again within the same MMB - 1W MA50 zone, which initiated the most aggressive part of the Cycle (parabolic rally). Check also how similar their RSI sequences are. That rally peaked on the MM 3rd SD above (red trend-line) so a $2350 price tag, which will 'only' come close to the 2nd SD (orange trend-line), appears to be a realistic Target. So in conclusion, BNB investors need to have 1 more month of patience before they see a real rally, as it was on the week of February 01 2021 that BNB's Parabolic Rally started. As a side-note, check how the Sine Waves serve as an excellent tool in roughly estimating the timing of the Cycle's peak, as it was very efficient during the previous two Cycles. That could be anywhere around June - July 2025. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
BINANCE:BNBUSDLong
by TradingShot
2
BNBUSD more consolidation but long-term cyclically targets $2000Binance Coin (BNBUSD) has been in Accumulation Mode since early March (March 11 1W candle), trading sideways within initially the Mayer Multiple Bands (MMB) Mean (black trend-line) and the 1st SD above (grey trend-line) and more recently the latter and the 1W MA50 (blue trend-line). With reference to the 1W MA50 in particular, not only has it been the support since the late December 2023 bullish break-out but was successfully tested and held on the most recent pull-back, the August 05 Low. This solidifies its position as the Support throughout the remainder of the Bull Cycle, which was in fact also the case during the previous Cycle where BNB had the final accumulation phase (blue ellipse) from September to December 2020, again within the same MMB - 1W MA50 zone, which initiated the most aggressive part of the Cycle (parabolic rally). That rally peaked on the MM 3rd SD above (red trend-line) so a $2000 price tag, which will 'only' come close to the 2nd SD (orange trend-line), appears to be a realistic Target. In addition, the Sine Waves serve as an excellent tool in roughly estimating the timing of the Cycle's peak, as it was very efficient during the previous two Cycles. That could be anywhere around June 2025. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
BINANCE:BNBUSD
by TradingShot
BNBUSD $2000 is a very realistic target for Q4.The Binance Coin (BNBUSD) is has been accumulating since basically early March (March 11 candle), trading sideways within the Mayer Multiple Bands (MMB) Mean (black trend-line) and the 1st SD above (grey trend-line). The 1W MA50 (blue trend-line) has been the support since the late December 2023 bullish break-out. That should be the Support throughout the remainder of the Bull Cycle, in fact that was also the case during the previous Cycle where BNB had the final accumulation phase (blue ellipse) from September to December 2020, again within the same MMB zone, which initiated the most aggressive part of the Cycle (parabolic rally). Observe that the 1W MACD formed the same pattern almost. That rally peaked on the MM 3rd SD above (red trend-line) so a $2000 price tag, which will 'only' make contact with the 2nd SD (orange trend-line), appears to be a realistic Target, even by the start of Q4 2024. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
BINANCE:BNBUSDLong
by TradingShot
4
BNBUSD Bull flag targeting $390The Binance Coin (BNBUSD) is below its 1D MA50 (blue trend-line) trading inside what seems like the early stages of a Channel Down ever since the rejection on the 336 Symmetrical Resistance (which has formed 3 tops since May 23 2022). The last such rejection though formed a similar Channel Down (red) that ended up being nothing more than a Bull Flag that later made a Higher High. The Higher High bias emerged as the pattern since June is a Channel Up. This time BNB has the 1D MA200 (orange trend-line) as a Support and not as a Resistance and is coming off a 1D Golden Cross. We are bullish and our first target is Resistance 1 (398.0) and if we get a 1D candle closing above, then extension to Resistance 2 (460.0). P.S. We have been medium-term bullish on BNB since December: ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
BINANCE:BNBUSDLong
by TradingShot
5
BNBUSD Strong break-out yesterday but critical 4H MA200 test nowThe Binance Coin (BNBUSD) has had a major bullish break-out yesterday as it broke above the Lower Highs trend-line that was in effect since November 05. At the same time it crossed above the 4H MA50 (blue trend-line) but is so far being rejected on the 4H MA200 (orange trend-line). This is a critical test as BNB has almost completed a full month of trading below the 4H MA200 and failure will invalidate yesterday's bullish break-out bias and could reverse investor psychology back to bearish, selling to the 4H MA50 short-term and 240.00 medium-term. A break above the 4H MA200 however, with the 1D MACD on a Bullish Cross, should start testing the upper Fibonacci retracement levels: 0.382 at $274, 0.5 at $290 and 0.618 at $307. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support me, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- You may also TELL ME 🙋‍♀️🙋‍♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁 ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
BINANCE:BNBUSD
by TradingShot
1
BNBUSD Short-term buy signal using Bollingers and RSIThe Binance Coin (BNBUSD) is on a short-term rebound after it broke below its Bollinger Bands on the 1D time-frame. Since May every time that happened while also the RSI rebounded after breaking into oversold territory (below 30.000), the price rose by at least +30%. Such rise will put BNB at $286.50 near the top of the Bollingers. ------------------------------------------------------------------------------- ** Please LIKE 👍, SUBSCRIBE ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support me, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- You may also TELL ME 🙋‍♀️🙋‍♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁 ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
BINANCE:BNBUSDLong
by TradingShot
4
BNBUSD Why it is perhaps the best investment you can make nowThe strong pull-back on Binance Coin (BNBUSD) since the November 27 High (which was a Lower High of the Nov 08 FTX crash) seems to have come to an end as the 1D RSI breached below the 30.000 oversold barrier and is rebounding. This is identical in price action to the June low formation which resulted into a bottom that kick-started a rise to the previous Lower High (now Resistance). Even the price action prior to the November 08 High resembles the sequence prior to the April 05 High. In fact both of those highs were made a little over the 1W MA50 (red trend-line). In any case, every time the 1D RSI drops below 30.000 and then rebounds, it is a strong buy signal on the medium-term. See also the symmetrical trend-lines that have formed first Support (green) and later Resistance levels (red). The time that BNBUSD may turn into a long-term buy (always as long as the 1W MA200 supports (green trend-line), maybe approaching as the upcoming 320.00 Resistance (Nov 27 High) test will break the 1W MA50 again (something that didn't happen on the August 10 High). If the fractal continues to be repeated, then the next curve pattern will peak significantly above the 1W MA50, thus turning the Binance Coin into long-term bullish territory. Perhaps the best time to buy BNB is now, we believe it will be one of the best investments of 2023. ------------------------------------------------------------------------------- ** Please LIKE 👍, SUBSCRIBE ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support me, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- You may also TELL ME 🙋‍♀️🙋‍♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁 ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
BINANCE:BNBUSDLong
by TradingShot
7
BNBUSD 1D Golden Cross may be a trop before new HighsThe Binance Coin (BNBUSD) is rising massively on today's news and amidst the fundamentals, it formed a Golden Cross on the 1D chart, which is the bullish formation when the 1D MA50 (blue trend-line) crosses above the 1D MA200 (orange trend-line). With the 1D RSI volatile on the 80.00 hugely overbought level, this pattern draws inevitably comparisons with the last Golden Cross that was formed on the 1D time-frame on August 31 2021, i.e. more than 1 year ago! As you see on the chart, that Golden Cross, instead of more price rise, it delivered a strong pull-back that broke below the 1D MA200 but stopped at the bottom of the Channel Up to form a Higher Low. Right now BNB has been trading inside a Channel Up since the June 18 bottom. If we plot the 2021 price action on today's, we can see how closely it can match the pattern. As long as it holds, we can expect a Higher Low for a better long-term buy opportunity. If this fundamentally driven rally continues though and breaks above the 2022 Resistance Zone, we can (with a relative safety) buy the break-out for the long-term into the new Bull Cycle. ------------------------------------------------------------------------------- ** Please LIKE 👍, SUBSCRIBE ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support me, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- You may also TELL ME 🙋‍♀️🙋‍♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁 ------------------------------------------------------------------------------- 👇 👇 👇 👇 👇 👇 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
BINANCE:BNBUSD
by TradingShot
4
BNBUSD Repeating the April-May sell fractal. How to trade this.The Binance Coin (BNBUSD) has been correcting on the medium-term since the August 10 High, the rise that it posted after the June 18 Low. So far, it has retraced to the 0.5 Fibonacci retracement level. Having been rejected on Tuesday on the 1D MA50 (blue trend-line) following the main rejection on the August 10 High on the 1D MA200 (orange trend-line), it appears that BNB is repeating the fractal of last April - May. As you see on the chart, a 1D MA50 rejection on May 05, caused the price to break below both the 0.5 and 0.618 Fib to a new low on the 1.786 Fib. The 1D RSI sequences are also similar being both within a Falling Wedge pattern. As a result, if the price breaks below the 0.618, we'll consider it a bearish break-out signal, in which case you can target the June low. The 1W MA200 (red trend-line) is expected to provide the next Support. In order for us to turn bullish again, we need to see a candle closing above the 1D MA200, a trend-line that has been intact since January 20. At the moment the Higher Lows trend-line and the 1W MACD Bullish Cross (which is the first since October 2021) are in favor of the bullish case. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
BINANCE:BNBUSD
by TradingShot
1
BNBUSD rejected on the 1D MA200 but only postpones the rallyThe Binance Coin (BNBUSD) has been on a +85% rise since the June 18 low and only last week it hit its 1D MA200 (orange trend-line) for the first time since April 05. As then, the test has been unsuccessful and the price got rejected. The pull-back is so far contained above both the 1D MA100 (green trend-line) and the 1D MA50 (blue trend-line). With the RSI on the 1W time-frame having broken above its Lower Highs trend-line on July 21, this may be consistent with the strong buy signals that (excluding the March 2020 COVID crash) BNB gave at the start of each of the previous parabolic rallies. As you see on Feb 06 2019, Feb 03 2020, and April 15 2020, when the 1D MA200 broke, a Higher High was made (probably if it wasn't for the March 2020 Black Swan event, the Feb 03 break would have been a consistent rally). The key is the 1D MA100. On all consistent rallies, as long as that level held as a Support, BNBUSD kept fuelling the rise with Higher Highs. The 1D MA100 is now at $272.5. A pull-back near it is a strong buy signal, break below it is invalidation, while if a break above the 1D MA200 comes first, it's a break-out buy signal into the new Bull Cycle. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
BINANCE:BNBUSD
by TradingShot
1
BNBUSD Long-term action planThe Binance Coin (BNBUSD) has been consolidating with the 1W MA100 (yellow trend-line) as its Support ever since the May 12 bottom and subsequent rebound. On a 1 year basis this is the ultimate range with the 705.00 Resistance and the 209.00 Support each being tested twice. There is a strong similarity between this Support rebound and the previous (late May/ early April 2021). As you see, that too consolidated after almost hitting the 0.5 Fibonacci retracement level (this time this level has been hit) with the 1D RSI printing an identical pattern on the exact same levels. That 2021 fractal reached the 0.618 Fib after one last pull-back and consolidation, so maybe we will hit 365.00 within a month's time. Technically though, we can only justify a long-term bullish reversal if the price breaks above the 1D MA200 (orange trend-line) which has been the Resistance since January 20 2022. On the other hand, if the 209.00 Low breaks, I expect a direct hit on the 1W MA200 (black trend-line) as the ultimate bottom of this Cycle. -------------------------------------------------------------------------------------------------------- Please like, subscribe and share your ideas and charts with the community! --------------------------------------------------------------------------------------------------------
BINANCE:BNBUSD
by TradingShot
5
BNBUSD Closing above the 1D MA50 can target $555The Binance Coin has been forming a bottom pattern since the January 22 low, in a similar fashion as the May - July 2021 bottom formation. As this 1D chart shows, the 2021 bottom sequence came to an end when BNBUSD closed a 1D candle above the 1D MA50 (blue trend-line) for the first time in more than 2 months. At the same time, the MACD indicator (bottom of the chart), was posting a 3/2 Bullish/ Bearish Cross sequence after the first low on the price's Triple Contact Support Zone. When that happened, the price rallied immediately to the 0.618 Fibonacci retracement level and then filled the gap near the $700.0 Resistance (and ATH). If the patterns continues to repeat the 2021 fractal, then the current 0.618 Fib is exactly at $555.00 and that will be our target upon break-out. -------------------------------------------------------------------------------------------------------- Please like, subscribe and share your ideas and charts with the community! --------------------------------------------------------------------------------------------------------
BINANCE:BNBUSD
by TradingShot
1
BNBUSD The conditions it needs to rallyIt has been more than a while, in fact March 11 2021, since I last analyzed the Binance Coin: Ever since it hit the Target Zone, it fell into a Correction and new Accumulation Phase like the rest of the market. A similar Accumulation Phase that we last saw within September - December 2020. BNB was under the pressure of Lower Highs, but still within a Channel Up. This trend-line broke, once the CCI on the 1D time-frame started forming Higher Lows. That was when the price put all the dynamics in motion to initiate the January - February rally. Almost a year later, the price has started again to meet those very same conditions one by one. Once the CCI makes its first Higher Low, it will be our confirmation to buy BNBUSD for a new February rally. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
BINANCE:BNBUSD
by TradingShot
3
BNB heading for potential Breakout soonNow that Crypto market is back in action, after Bitcoin's tragic fall. Looks like Altcoins are ready to create ATH's again. BNB is one that coin that has given some good results over the past few weeks. Going by the chart, on a larger Time frame, it is moving in a symmetrical triangle. BNB has been pushed down twice from the marked Resistance zone. May be in a day or two, it might try to test that zone again, and hopefully it will be able to break it to create a new ATH. If you like my analysis then do drop a LIKE and a COMMENT. Also do SHARE it with your friends. Also don't forget to smash that FOLLOW button to get daily analysis of multiple crypto currencies and sometime ASX stocks. Note - These are my personal notes and in no way a financial advice. Do your own research and Trade wisely
BINANCE:BNBUSDLong
by Manjyot