After experiencing a parabolic increase of 200% over 200 days, BNB coin has now reached a significant resistance zone ranging from $616 to $660. Current Market Perspective: Given the current conditions and Bitcoin's behavior, a correction and consolidation period for BNB is highly likely. For those who took positions at $255 following advice from Trade City Pro,...
In the crypto market, the largest assets are currently experiencing similar situations. On the charts, we can see that six assets have formed sideways trends. Prices for all six assets are currently at the bottom of these sideways trends. For four assets, the price temporarily dropped below the lower boundary of the sideways trend, where liquidity from sellers...
💹 Let's dive into the analysis of Binance Coin (BNB), one of the top-ranking and popular cryptocurrencies. We'll look for new entry and exit points to maximize our profits in this market. 📝 Background : As you might know, BNB is the native coin of Binance, the largest cryptocurrency exchange. Many activities on Binance can be conducted using BNB, making it a...
Dear Traders, We are convening a discussion focused on #BNBUSDT The Symmetrical Triangle Pattern is Formed In Case of Successful Breakout, Expecting a Bullish Move of 20% 🚀 Regards: AnnaTradeCharts #Bitcoin #Crypto #Ethereum #Cryptocurrency #CryptoTrading #BTCUSDT #ETHUSDT #ALTCONS #USDT CRYPTOCAP:BTC CRYPTOCAP:ETH CRYPTOCAP:USDT CRYPTOCAP:PEPE ...
Here we have a symmetrical triangle for Binance Coin vs Tether (BNBUSDT). This pattern for us has a bearish bias due to the fact that related pairs in the same situation are now bearish, take Ethereum as an example. The bearish action we see on the Ethereum chart can easily be duplicated on the Binance Coin chart. ➖ Market conditions can always change though...
Here's my plan for BNB if it breaks this pattern. This triangle is very crucial to be broken to the uptrend. If the price breaks the triangle to the downside you can enter again a trade in a short position.
In the previous bull market, BNB also experienced an upward trend. However, it seems prudent to be cautious from now on. This is because there is a possibility of a transition from a bullish trend to a bearish trend. If we take a look at a longer-term chart, we can see a harmonic bearish bat pattern. We can check if there's a good risk-reward setup on...
Here's my plan for BNB if it breaks this pattern. This triangle is very crucial to be broken to the uptrend. If the price breaks the triangle to the downside you can enter again a trade in a short position.
📊 Due to the decrease in the upward movement momentum of the price, if the $585 range is broken and the price stabilizes below it, the price may fall to the $570 range🎯, and in the case of the strength of the $555 range🎯🎯. 📊 Otherwise, the price may fall to the range of $615.
Trading Setup: There is a Trading Signal to Sell in BNBUSDT BinanceCoin Traders can open their Sell Trades NOW ⬇️ Sell now or sell on 603.6 ⭕️SL @ SL: 613.6 🔵TP1 @ 566.0 🔵TP2 @ 542.0 🔵TP3 @ 509.5 What are these signals based on? Classical Technical Analysis Price Action Candlesticks Fibonacci RSI, Moving Average , Ichimoku , Bollinger Bands Risk Warning...
📊Analysis by AhmadArz: 🔍Entry: 584.1 🛑Stop Loss: 580.7 🎯Take Profit: 587.8 - 590.6 - 594.3 🔗"Uncover new opportunities in the world of cryptocurrencies with AhmadArz. 💡Join us on TradingView and expand your investment knowledge with our five years of experience in financial markets." 🚀Please boost and💬 comment to share your thoughts with us!
Hello friends, welcome to this BNB/USDT update from Crypto Sanders. Certainly! Here's an update based on the recent movements and potential outlook for BNB (Binance Coin): Resistance: The key resistance area to watch is around $610. BNB recently bounced from the support level provided by the yellow moving average line. The price is now approaching the critical...
upward break is more probable than other scenarios ,so waiting for this break for going toward its tp's . this analysis is based on fibo level and price action and ichimikou indication . please share your comments if you like
Hello traders, I want share with you my opinion about Binance Coin. Observing the chart, we can see that the price in a short time rose to the resistance level, which coincided with the seller zone, and soon broke this level. After this, the price rose to 627 points and then made a strong impulse down to 508 points, thereby breaking 600 and 547 levels. After this,...
BINANCE:BNBUSDT remains in a consolidation phase, as evident from the daily timeframe. The price has been oscillating between 515 and 615 levels, testing the upward trendline that emerged after the recent range breakout. Following the price's rebound after respecting the upper boundary of the downward channel, we've seen a significant daily bearish candle...
BNB is consolidating in a bullish triangle looking for a retest of the rising support trend line and breakout above resistance line. buy at 550 and 540 levels target 700 and 1000 stop 530
The BINANCE:BNBUSDT , one of the largest crypto capitalizations, has unquestionably been an extremely strong asset since the start of the year. We can see that it is currently consolidating in a symmetrical top triangle, a chartist figure favorable to the continuation of an uptrend. The Magic Bands (PMB) had given a very good sell signal at $630, and we can...
BNB is consolidating and gaining strength, positioning itself to either reach new highs or lows. Given today's conditions in the altcoin market, there is a significant possibility for it to establish a renewed support zone around the 500 level.