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Binancecoinusd

BNB/USDT- Plotting Key Levels for Short and Long-Term Profits ? Introduction: In this BNB/USDT technical analysis, we'll examine critical price levels and potential scenarios for Binance Coin (BNB) against the US Dollar Tether (USDT). Liquidity Sweep Area - 145-160 USDT: The first key aspect to address is the liquidity sweep area, which encompasses the price range of 145-160 USDT. Liquidity sweeps often serve as precursors to major price movements. Traders should closely monitor this range as it could act as a pivot point for future price action. Accumulation Opportunity at 145-160 USDT: Within the 145-160 USDT range, we identify a promising opportunity for short-term accumulation. For traders seeking short-term gains, this area offers a potential entry point to buy BNB. Market Structure and Long-Term Potential: If the price rallies and a market structure breakout occurs in the 230-250 USDT range, it could indicate a shift in the long-term trend. In such a scenario, a retracement to the 200 USDT level may present an excellent long-term buying opportunity. Traders and investors should watch for confirmation of this breakout. Potential Target at 300 USDT: Should a market structure breakout occur around 230-250 USDT, with subsequent retracement to 200 USDT, the setup could lead to an exciting long-term opportunity. In this context, a potential target for BNB might be around the 300 USDT mark. In conclusion, the BNB/USDT technical analysis highlights the significance of the liquidity sweep area at 145-160 USDT as a potential short-term accumulation zone. Additionally, traders should keep a close eye on the 230-250 USDT range for signs of a market structure breakout, which could create a long-term buying opportunity with a potential target at 300 USDT. Cryptocurrency markets are highly volatile, and it's essential to conduct your research and consult with a financial advisor before making investment decisions.
by Un_trade
Binance coin forming a double top patternBinance coin has been forming green candles on weekly time and has formed a perfect doji above its 20 ema. On the daily chart analysis, the coin is consolidating near the resistance zone and 200DMA. The coin is trading between its 20 and 200 ema on daily time frame. A clear rejection is there near the resistance zone. Coin is trading and taking support from its 200 ema on hourly time frame. Wait for a close below 315 level on the daily time frame. Good risk to reward ratio is there if the coin starts to dip. Wait and watch the price action before shorting the coin.
Short
by TheMamboMomentum
💡Don't miss the great buy opportunity in BNBUSDTrading suggestion: ". There is a possibility of temporary retracement to suggested support line (280.6150). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . BNBUSD is in a range bound and the beginning of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 73. Take Profits: TP1= @ 309.6210 TP2= @ 348.7170 TP3= @ 381.4600 TP4= @ 418.9090 TP5= @ 471.4040 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex trader ? Now, It's your turn ! Be sure to leave a comment let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity_ME
5
💡Don't miss the great buy opportunity in BNBBUSD Trading suggestion: ". There is a possibility of temporary retracement to suggested support line (137.0800). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . BinanceCoin is in a range bound and the beginning of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 79. Take Profits: TP1= @ 147.4485 TP2= @ 157.4260 TP3= @ 167.3430 TP4= @ 181.5110 TP5= @ 200.0000 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex trader ? Now, It's your turn ! Be sure to leave a comment let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
BLong
by ForecastCity_ME
4
BNBUSD Second Chance: Profit=76% SL=30% Reward/Risk > 2.5:1Second Chance Trade Setup summary: Profit targets = 76% = {TP3 = 8% + TP4 = 29% + TP5 = 39%} Stop Loss = 30% Reward/Risk > 2.5 : 1 New Trading suggestion: " It is still possible to see a temporary retracement when the price falls to the uptrend line that will support and reject the price. if so, traders can set orders based on Price Action and expect to reach short-term targets. " New Take Profits: TP3 @ 22.60 TP4 @ 26.58 TP5 @ 28.96 New TP6 Free SL= Break below 18.80 -------------------------------------------------------------------------------------------------- First Buy Current Status: Total Profit: 92% Closed trade(s): 50% Profit Open trade(s): 42% Profit Trade Setup: We opened 5 BUY trade(s) @ 17.71000 based on 'previous Forecast' at 2020.07.21 : Closed Profit: TP1 @ 18.80 touched at 2020.07.23 with 6% Profit. TP2 @ 20.80 touched at 2020.07.26 with 17% Profit. TP3 @ 22.60 touched at 2020.07.27 with 27% Profit. 6% + 17% + 27% = 50% Open Profit: Open trade is 21.40000 (current price) - 17.71000 (open price) = 21% 2 trade(s) still open, therefore total profit for open trade(s) is 21% x 2 = 42% Technical analysis: . BNBUSD is in an uptrend and the continuation of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 44. ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Forex trader? Now, It's your turn! Be sure to leave a comment let us know how do you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
BINANCE:BNBUSDLong
by ForecastCity_ME
5