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BNB Perpetual Futures Contract

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BNBUSD.P trade ideas

BNB Price Prediction: Bearish to 336, as long as 465 maintainedHow did BNB price perform last week? Binance Coin failed to sustain a break above the key weekly 23.6% Fibonacci retracement resistance at 415 and formed a shooting star-like bearish candle. TA wise, what can we expect from BNB this week? The bearish bias remains intact, underpinned by the downtrend line and bearish momentum. The bears are expected to strive for the tested support at 336. Persistent bearishness would lead a further drop to the psychological support at 300. To avoid the bearish fate, the bulls must surpass the resistance confluence at 465, formed by the downtrend line and the 38.2% Fib retracement. FA wise, what can drive the price to the anticipated targets? The recent investment of $200 million in Forbes, a non-core business for Binance, should raise investors’ eyebrows. Companies flushed with cash but with little idea on the future direction of growth usually follow this path, i.e., investment in non-core businesses, towards value destruction.
BINANCE:BNBUSD.P
by twelve012
BNB short idea - Head & Shoulder breakdown BNB has broken down from a head & shoulders top formation below the neckline at $407. Targets of the pattern should project a move to approximately $373. We are consolidating underneath the neckline in the form of another bearish flag formation which generally see's price action break down further. Nice risk reward ratio here as you can place your stop loss just slightly above the neckline @ 407 for a risk-reward of approximately 6x.
FTX:BNBPERPShort
by MarcoOlevano
BNB SFP confirming reversalBackground: BNB has confirmed a swing failure pattern (SFP)/deviation above the range building since 20 Jan'22. High volumes marked in red arrows to reinforce the boundary while fading volumes in green arrow to support lower boundary of a smaller 6 day local range. RSI just confirmed rejection off underside of 50. Confirming below $407 would confirm an H&S pattern with a target around ~$375. Risk reward for market shorting a breakout is not ideal with tight stop-losses failing in this choppy market. Strategy: Wait to see if price confirms S/R flip on $407 to enter short. First target the H&S target ~$375, second target lower boundary of range ~$361, third target start of D3 demand zone confluence with macro 0.5 fib line at ~$355. SL above 6 day local range mid at $420.30, confluence around POC and meme price. Keeping an eye on SFP at lower range boundary to enter long if price doesn't confirm breach below D3 demand. Invalidations: Confirming another SFP at upper range boundary would not invalidate this scenario in itself unless there is a show of weakness on resistance. Price breaking above ~$480 and I scrap this plan entirely
FTX:BNBUSDShort
by readysetliqd
BINANCE COIN EASY + PROFITABLE SETUP.So, what you all actually see is a Descending Triangle Pattern formed in Binance Coin. A descending triangle is a part of the 3 famous triangle patterns, namely:- Ascending, Descending, Symmetrical. All these patterns are some way or another part of Price Action Trading. In this case the upper trend line indicates lower highs and the bottom line indicates equal lows(~). And eventually, price breaks the pattern and a Bearish Breakdown occurs.(Keeping in mind that the break may vary in the other two patterns). After the price took a little support, it went back up and retested the previous support which is generally when most of the traders prefer to enter and make a position, as it's the safest entry possible in the given circumstances. With that being said... Happy Trading !!!
BINANCE:BNBUSDShort
by Fobstar
BNB 382 LONG BNBUSDT is aligning for a bullish opportunity at 382 towards 403 -Price respecting FIB levels 382-618 -Targetting the FIB extension levels .13 @403.5 .272 @412 -Trade idea invalidated on the structure break of the 4th Wave My style of trading focuses on flowing with the trend, and patiently waiting for the story price reveals. Fibonacci, Harmonic Patterns , Wave Sequences, Price Action, and a mixture of Multi-Time Frame Confluence. Most importantly the visual realization of emotions cycled into the chart. As always THANK YOU and if you found this video helpful, please let me know by giving a like and/or leaving a comment below. Also, feel free to share your opinion on this setup or any other. The more ideas we can generate together, the more information we can spread to the trading community, LOVE & PEACE! ~T$
BINANCE:BNBUSDLong
by OkayTrev