Recent low of 319.35 and high of 669.50
price consolidate in descending triangle pattern, and breakdown
with the help of fib retracement 448.20 and 394.95 can be reversal points based of price action indicating bullish moment can be traded for the target of 500 and 540
BNBUSDT on crucial support if it breaks we might witness a long fall on the other hand this can also act as a support and price can be bullish, waiting for a W pattern to form before taking any trades.
BNB coin is making a triangle pattern on hourly chart. Looking at price action we can observe BNB making LL, LH. We are still neutral on this.
We will go long once breakout is done with good volume n supertrend in our favor.
We will go short once breakdown is done with good volume n supertrend in our favor
Safe trade.
Ascending Triangle patter formation on BNBUSDT on a Weekly timeframe ! Target should be around 1000$ above!
🚫Disclaimer:
I'm not an financial analyst! I'm sharing this with public! It just learning purpose only! If u find anything wrong with this post ! U can tell me ⬇️ comments!
Thank you!!!
😊😊😊
BNBUSDT on a daily timeframe ! Target should be around 690$ !
🚫Disclaimer:
I'm not an financial analyst! I'm sharing this with public! It just learning purpose only! If u find anything wrong with this post ! U can tell me ⬇️ comments!
Thank you!!!
😊😊😊
This is not an investment advise!!!
Head and shoulders pattern formation on BNBUSDT on a hourly timeframe
Target should be around 520-525 levels
* I'm not an expert analyst. This is something is just learnt, so I'm sharing this with public.
If you guys find anything wrong with this post, you can tell me about that in comments.
Have a nice day!😄
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (605.3).
. 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 an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic...
In 4hr time frame it is forming a rising wedge pattern and mostly this pattern breakouts in downward but wait for the breakout, if breakout happens in downward that it can go down and i have given support zones you can accumulate in parts and but if it breakout than you can buy at breakout in upward line.....
And what breakout means that the pattern or channel in...
BNB is nearing a supply zone/PRZ. It could retrace onto the support trendline before breaking the all-time high.
Observe the price action if the price corrects from the supply zone bounces off the trendline. Buying can be done at the trendline or near 510.
The 640-695 zone could be a very tough zone to break and a false breakout might happen, get the volume...
WAX run on its own blockchain and many and many more project are run on WAX blockchain . Ithink it will hit soon 30-50$ soon
TO THE MOON AND THEN MARS
Ready to next breckouut
The Binance Coin has so much potential. Currently it is making a new high, then it will take a pullback till the golden zone of the Fibonacci for the new high. Then, it will retrace back from there.
