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BNBUSD trade ideas

Binance Coin: opening path to $300?Under the sentiment of the bearish market, BNB, like many other coins on the crypto market, was pushed to the lower grounds without an obvious reason. Based on its latest moves, it seems like that the market started to look at actual value of the coin, and not only toward macro economics, which would certainly be positive for BNB in the future period, considering Binance`s latest significant business expansion. Although BNB started the previous week at lower grounds, above the support line at $200, the rest of the week the coin was heading toward the resistance line at $250. This line has been clearly tested, and the coin also finishes this week around this level. Buying orders were dominant on the market during the whole week. RSI was pushed above the level of 50, reaching 57 as of the weekend. This implies that the coin might soon reach overbought territory, which certainly opens the path toward the next resistance line at $300. For the last two weeks, moving averages of 50 and 200 days slowed down their divergence from each other and are still moving as two parallel lines. Cross is still not in prospectus. Current charts show that BNB will start a week ahead by testing the resistance line at $250. There is increased probability for this line to be broken to the upside, when the coin will head toward the next resistance line at $300. However, on this road, there could be short stops around the $270 level. On the opposite side, there is some probability for $200 support to be tested for one more time.
BINANCE:BNBUSD
by XBTFX
BNBUSD H4: 35% correction warning distribution(SL/TP)(NEW)Why get subbed to me on Tradingview? -TOP author on TradingView -2000+ ideas published -15+ years experience in markets -Professional chart break downs -Supply/Demand Zones -TD9 counts / combo review -Key S/R levels -No junk on my charts -Frequent updates -Covering FX/crypto/US stocks -before/after analysis -24/7 uptime so constant updates 🎁Please hit the like button and 🎁Leave a comment to support our team! BNBUSD H4: 35% correction warning distribution(SL/TP)(NEW) IMPORTANT NOTE: speculative setup. do your own due dill. use STOP LOSS. don't overleverage. 🔸 Summary and potential trade setup ::: BNBUSD 4hours chart review ::: updated/revised outlook ::: distribution in range / weak chart ::: cycle low later July/August 2022 ::: weakness will last for 4-8 weeks ::: LOG SCALE chart ::: not a great looking chart ::: CLEAN REJECTION AT 240/250 USD ::: S/R was re-tested produced WEAK bounces ::: final BOUNCE possible now before DUMP ::: also noteworthy sequence of lower highs ::: recommended strat: SHORT from range highs ::: final TP BEARS is 175 USD ::: 30-35% correction possible next ::: 4-8 weeks in July/August 2022 ::: right now no upside in this market ::: position traders should wait for ::: better entry prices later after ::: higher risk strat BULLS: BUY LOW TP 248/258 USD ::: recommended strategy: SHORT SELL RIPS/ RALLIES ::: TP BEARS is +35% gains - near 175 USD ::: BULLS stay out until correction is over ::: SWING TRADE: SHORT/HOLD IT ::: correction run not over yet ::: good luck traders! ::: BUY and get paid. period. 🔸 Supply/Demand Zones ::: N/A ::: N/A 🔸 Other noteworthy technicals/fundies ::: TD9 /Combo update: N/A ::: Sentiment mid-term: BEARS/CORRECTION/175USD ::: Sentiment short-term: BULLS/BOUNCE/258USD RISK DISCLAIMER: Trading Crypto, Futures , Forex, CFDs and Stocks involves a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. Always limit your leverage and use tight stop loss.
BINANCE:BNBUSDShort
by ProjectSyndicate
17
Binance Coin: is it time for higher grounds?There was another positive news regarding Binance business expansion during the previous week, as the company introduced its zero-fees crypto trading on its platform. This was a positive move from Binance, as the company managed significantly to increase trading volumes. However, market reaction, when it comes to BNB, was minimal. Macro fundamentals continue to shape the sentiment of investors and crypto traders at this moment. In line with general market trend during the week, BNB managed to sustain a $200 support line and the coin made a move toward the $250 resistance line. Although resistance has been tested, it has not been breached to the upside. RSI made a move from 46 up to 52, which is a positive indication that the market is looking at the overbought side of the market, where it might head the coin`s price in the coming days. Moving average of 50 days is slowing down its divergence from MA200 counterpart, but potential cross is certainly not in prospectus any time soon. As per current charts, there is some potential for a $200 support line to be tested once again in the coming days. There is no indication that this line might be breached to the downside. On the opposite side, if buying orders prevail, there is some probability that the price of BNB might start its road toward $300 resistance, but with a short stop around $270. Certainly, such a move to the upside will depend on macro fundamentals during the coming period.
BINANCE:BNBUSD
by XBTFX
BNBTesting/tracking elliot wave theory. Please do not trade off idea without S/L. Not financial advice. Chart is on the weekly. For this chart, I am trying to accurate predict the timeframe. It is very hard for people to call tops and bottoms. I have a bit more success than others, and no I do not care for bragging rights. I do not post these charts to say, I called it. I post them because I want to be able to trade better. What tools I use to help me predict my counts are support/resistance levels and fibonnacci levels. I do not just blindly place wave targets and hope they hit. If you look at the targets I have in place, they will bounce of some kind of support or resistance levels. Yes, I am also predicting future support and resistance levels. Pink wave is the main wave Light blue is the sub cycle of wave (3) on the pink wave. This wave count looks a bit weird, however, it still follows the principal. RR: 9.5 Possible upside: 448% Possible downside: 47% So all of the stops on my chart is right below the support line. I have been counter traded enough to know not to place my stops right on the support line. People get stop hunted all the time, by placing your stop loss a bit further down, you can prevent your stop loss from being triggered.
BINANCE:BNBUSD
by AyoKu