BNB/USDTThe double bottom pattern is a bullish reversal pattern that occurs at the bottom of a downtrend and signals that the sellers, who were in control of the price action so far, are losing momentum.
BNBUSD trade ideas
BNB UPDATE: WILL IT RALLY ONCE AGAIN???Welcome folks to my new update on BNB. To analyze BNB, I am gonna use a higher time frame (3 days).
If you are viewing my post for the first time then do hit the like button and graciously follow as well. I share updates on the crypto market including margin trading, futures, spot, and scalping. All ideas are my biased opinion and I invest in my own risk. I don't force anyone to buy or sell, I simply share my ideas absolutely for free and it is your sole decision whether to trade on it or use it to understand the market.
Let's get back to the BNB update. The current scenario in a longer timeframe is critical. BNB is at the support right now and in the past, BNB has always respected this supporting trendline. According to the chart and the patterns, BNB should bounce from the current level but if the market is not in the favor of bulls then it is possible that BNB will break down instead of bounce back. It is hard to say whether BNB can easily break down below the supporting trendline which is more than a year old or break out to hit the resistance trendline once again.
To be honest, BNB should respect this trendline and must bounce back for a healthy move.
What do you think about BNB? Is it worth it to invest in this trade?
Share your views. I would love to read them.
Like, and follow for more exclusive updates.
Thank you.
BNBUSD Recovery idea BNBUSD is currently falling under the 50MA which is quite bearish for the price, we may see price go down to 1.272
BNB in the longer term however is very bullish and this dip should be used as an opportunity
BNB/USDT Technical Overview ( Bearish Retest )#BNB/USDT TA Update:-
Total Overview about This Coin:-
$BNB current price is $405
Currently trading at Resistance level.
$440 is resistance barrier.
If break this level then we can see Upward move.
If $BNB break $500 barrier then We can see $1000 also in couple of Weeks.
But below $440 , I am bearish for short term.
If Rejected from current level resistance then We can see $250-$300 level also.
Long Term best Accumulation zone will be $100-$150 ( Not now its can take time but this will be best entry. )
One TL showed Bearish Retest and One TL showed Bullish Retest.
So Personally I am bullish only above $440 level otherwise waiting for more Downside move.
This is HTF chart.
Support levels:- $280/$200
Resistance:- $440-$480 / $668
BNB - Top-Down Analysis!Hello everyone, if you like the idea, do not forget to support with a like and follow.
WEEKLY: Right Chart
BNB is overall bullish and now approaching the lower brown trendline so we will be looking for buy setups on lower timeframes.
DAILY: Left Chart
BNB formed a valid channel in red but it is not ready to go yet.
Before we buy, we want the bulls to prove control.
Trigger => Waiting for a momentum candle close above the last high in gray to buy.
Meanwhile, until the buy is activated, BNB would be overall bearish can still trade lower inside the green support.
In this case, we will be looking for new buy setups to form.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
BTC Continuation to the upside or drop? - Todays altcoin: BNBYo guys, welcome to the channel Hawkeye Charting.
MM left trap signals again and moved price with aggression and speed out of the upper 30k zone.
Time to look critically on the major MM cycle in order to understand, which notable zones have to be broken for a continuation to the upside...
No BS like bullflags. No Asking: when moon?
Always referring to the current state of psychology and what the market maker aims to do next.
Pointing out the major trend on Elliott Waves .
Peace
Disclaimer:
No financial advice!
All content is for information and entertainment purposes only and only reflects our personal opinions or market steps. Viewers are expressly requested to form their own opinion on the content and the statements as well as, if necessary, to seek professional advice.
BNBUSD (4H) Bullish reversalHi Traders
BNBUSD (4H Timeframe)
A Medium-Low probability, entry signal to go LONG was given at 386.0 after the market completed a bullish trend reversal pattern. Only the downward break of 355.6 would cancel the bullish scenario.
Trade details
Entry: 386.0
Stop loss: 355.6
Take profit 1: 404.8
Take profit 2: 435.2
Score: 4
Strategy: Bullish reversal
BNB, VOXEL Analysis TF15M - 27 Feb 2022BNB, VOXEL Analysis TF15M - 27 Feb 2022
If you have any question, feel free to drop us message
$24 million worth of BNB tokens burned since the BEP-95 upgrade,BNB’s trading volume saw an increase of 26% in the last 24 hours.
50,000 BNB has been burned since the BEP-95 upgrade.
This can lead to an increase in the value of the BNB token.
The BNB BNB/USD token is a cryptocurrency intended to be used as a means of trading and paying the fees on the Binance cryptocurrency exchange.
It was initially created in July of 2017 and was called Binance Coin, prior to the renaming to simply being known as BNB.
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Binance Coin, XRP, and Solana PlummetIn times of turmoil, investors have turned to low-correlation assets, which cryptocurrencies were supposed to be.
$24 million worth of BNB tokens burned since the BEP-95 upgrade,BNB’s trading volume saw an increase of 26% in the last 24 hours.
50,000 BNB has been burned since the BEP-95 upgrade.
This can lead to an increase in the value of the BNB token.
The BNB BNB/USD token is a cryptocurrency intended to be used as a means of trading and paying the fees on the Binance cryptocurrency exchange.
It was initially created in July of 2017 and was called Binance Coin, prior to the renaming to simply being known as BNB.
Binance Coin, XRP, and Solana PlummetIn times of turmoil, investors have turned to low-correlation assets, which cryptocurrencies were supposed to be.
AI's BNB Short of Rising Wedge: $360, $340 in 48hAI analyzed:
Volume is falling.
Price is overbought.
Trend is bearish.
Pattern is rising wedge.
RSI shows bearish divergences.
TPs: $360, $340.
Timeframe: 48h.
Binance Coin Prepares For Correction (25% Drop Ahead)Binance Coin (BNBUSD) is heading lower while aiming to hit below $450.
The correction already started and we have huge bear volume.
The MACD shows plenty of room available for additional drop.
The market moves in waves... Up and down, up and down.
We had a bullish wave for the major altcoins, now we are looking at a bearish wave.
Be ready.
It will last a few weeks or a few months at most and then we resume the growth.
Namaste.
Hedging, shorting, call it whatever you wantTake advantage of every opportunity, bullish long term but bearish short term (3 to 6 months).
Trade strategically
BNB between a rock and hardplaceBNB dropped out of the great HTF triangle and did a failed retest and was rejected by the 4H 200ema. Now price is squeezed below the former range support and the LTF ascending channel support. Likely will break down to the lower range support as the RSI has already broken its trendline.
BINANCE USD (BUSD) IS AT A CRITICAL LEVEL TO NOTE.
BUSD all time high has occurred twice leading to formation of a relative M pattern.
BUSD retracement is currently at about 40% from the beginning of the BULL RUN that led to the last all time high (ATH).
This asset has been retracing, hitting and retesting the FIB levels as displayed on my TA (chart).
BUSD is currently sitting at $400, FIB 61.8 level, horizontal TL and they are all my support level (zone).
My opinion:
1. Continue bullish run to $440 zone
2. Break the current Support zone and run down to my target buy zone @ $360 - $340. This my target is also at the beginning of the neck of the M-pattern.
I will wait to add more to my portfolio at around my option 2.
KINDLY SUPPORT ME WITH YOUR LIKES, COMMENTS AND FOLLOW.
BNBUSDT Short IdeaLooking at this trend line, we will notice it is self explanatory but for the benefits of more clarity we will offer little analysis to back it up. We can see the bearish trend channel from the top of 700 down to the level of 446. This particular pair attempted a reversal at around 400 zone on the 15th of February 2022 but got rejected again forming a local double top at 446 after having previously tested the 330 support zone. The next support zone is the 336 level but however it is not expected to hold for long based on the antecedent of the trend line and the overall not so favourable macro outlook for the entire crypto market.
Taoheed Adeshina Nafiu.
Disclaimer: The information provided by OlaoneFx is for educational purposes only and should not be treated as investment advice.
