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BNBUSD trade ideas

#BNB/USDT 1DAY UPDATE !Hello dear traders, we here new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in the comments, and we will try to answer for all, thank you, guys. BNB/USDT UPDATE :- Hello Friends As I mentioned in the last update and we are expecting BNB to bounce from $272 and 100MA is pumping continuously we can expect if BNB from here to $306 and $337 Remember:-This is not a piece of financial advice. All investment made by me is at my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade. Sorry for my English it is not my native language. Do hit the like button if you like it and share your charts in the comments section. Thank you.
BINANCE:BNBUSD
by CryptoSanders9563
2
Binance Coin: correction probably ending at $250?Resistance line at $300 was a starting point for BNB during the previous week. However, general market sentiment was focused more on the next FED`s moves in terms of economic tightening, so BNB did not manage to make a break of this resistance line. General negative market sentiment as of the weekend pushed the price of the coin down to the level of $270, where it is ending the week. RSI started a road toward the oversold side, and is modestly decreasing from level of 50 down to 40 during the week. There is indication that the price of the coin might go even lower from current levels until a clear oversold market is finally reached. Moving average of 50 days continues to slowly converge toward MA200, but there is still distance between lines, in which sense, the golden cross is still on hold. Current charts are pointing to the level of the $250 support line. There is a high probability that this line will be tested in the coming days. At this moment, there is no clear indication that it might be breached to the downside, especially in the case that RSI reaches level below 30. This would be a point of reversal, where BNB will head again toward the $300 resistance line, but there is currently lower probability for such a move.
BINANCE:BNBUSD
by XBTFX
STEP 2 to MASTER TRADING: what to do with the NEWS. NEWS BRING TERRIBLE TRADING CONDITIONS During release, spread is all over the place, in addition you can easily miss the fill. So actually worst time you can enter a position is on a release itself, hoping price will rise or fall. But usually, price will make massive moves up and down, liquidating hopeful "news traders" before going in either of direction. So next time when you will regret you were not involved in the news move, just remember that you would not have a good entry point anyway. PRICE CAN GAP BELOW YOUR STOPLOSS Another really important thing to keep in mind is that very often during red news, price can momentarily and significantly gap, and now instead of your breakeven or usual -1RR, you'll have -2 or -3RR, and what's worse - you'll have a big drawdown in your emotional capital. ILLUSION OF UNDERSTANDING Sometimes beginners, and even advanced traders, fall into this illusion. Someone reads 5 articles about a specific news type, and now begins to think they understand how the news will effect the market. In reality, each trading instrument is effected by hunderds of factors, and anyone who wants to understand them, should spend months, even years with that one instrument, learning literally everything about it and what effects it. Everything else is just gambling or being naive. EFFECT HAPPENS BEFORE THE RELEASE If you've being familiar with smart money or institutional trading, ideas of Wyckoff, you'll know that institutions position themselves long time before news release, during accumulations and distributions. Market structure gets established long before actual realease, and what news do are just producement of sporadic moves, grabs of liquidity and easy manipulations. But only 0.01% of news actually change pre-established structure and starts a new trend, big picture doesn't change because of news. What actually starts a move and a trend are accumulations and distributions, and news really can be a part of it, but only a small part. SO WHAT TO DO ABOUT THE NEWS? 1. Check red news releases during your day. Don't enter 15-30 min. before and after the news. 2. If you're already in a trade, and price came relatively close to your entry, it's better to close out the position now, because remember that price can gap below your stoploss. 3. If you're positioned in profit significantly away from the price, leave the position open. So to recap everything above, you need to trade YOUR SYSTEM, YOUR EDGE - for me it's structure, SnD and confirmations - but also we need to acknoledge the short term chaotic news effect, and use our knowledge to manage risk and that's all. Hope this post give you better understanding what should you do in order to become a successful trader. I will be grateful if you support this post by smashing the BOOST button and sharing it with other traders. Thank you! Dima
BINANCE:BNBUSDEducation
by Yelli_trades
1
Binance Coin: equilibrium is around $300?Two weeks ago Binance Coin reached a clear overbought market side, hence, it was expected that short reversal is in store for this coin. Previous week BNB started around level of $333 and turned to the downside, reaching a minimum weekly level at $276. Support line at $250 has not been tested on this occasion. Initial target for BNB was support line at $300, however, during the Friday`s trading session, and general negative market sentiment, the coin was pushed further below this support line. BNB is ending the week above $280. During the week RSI was pushed down from the level of 75 to level of 39. Based on the current movement of the indicator, it does not seem that the market is ready to head toward the oversold side. Rather, it might take some time until the coin actually reaches this side. Moving average of 50 days started its stronger convergence toward the MA200 counterpart, but still it might take some time in the future until the actual golden cross is reached. Technical analysis is showing the probability for BNB to get back to the level of support line at $300 in the coming days. At this point, a move toward $330 is not supported. On the opposite side, indicators are showing increased probability for the $250 support line to be tested in the coming period.
BINANCE:BNBUSD
by XBTFX
#BNB/USD 4Hr UPDATE !!Hello dear traders, we here new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in the comments, and we will try to answer for all, thank you, guys. BNB/USD UPDATE ! BNB/USD supports $270 and $275 and resistance at $299 and $306 and may pump around 13% BNB/USD Remember:-This is not a piece of financial advice. All investment made by me is at my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade. Sorry for my English it is not my native language. Do hit the like button if you like it and share your charts in the comments section. Thank you.
BINANCE:BNBUSD
by CryptoSanders9563
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
Binance Coin: short reversal is near?Binance Coin continues to gain in strength. During the previous week, the coin continued to move in the overbought market, increasing its price to the level of $335, where the coin is finishing the week. Next resistance line at $350 has not been tested during the week, leaving this level for the future period. During the whole week RSI was moving above level of 70, which is clearly overbought market side. This is also an indication that short term reversal is ahead for this coin. Moving average of 50 days started stronger convergence toward MA200, however, there is still some space between two lines, in which sense, there is still time until the golden cross is finally reached. Technical indicators are pointing that short term reversal is ahead for BNB, since the coin is moving in overbought zone. In this sense, BNB might head toward the support line at $300 in order to test it in the coming days. Level of $330 is only a short-stop for BNB, based on historical data, in which sense; the next target for BNB might be the $350 resistance line in the coming period.
BINANCE:BNBUSD
by XBTFX