BNBUSDT
Head and Shoulders Breakdown on BNBThis 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!😄
💡Don't miss the great buy opportunity in BNBUSD @binanceTrading 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 support.
. The RSI is at 65.
Take Profits:
TP1= @ 660.6
TP2= @ 700.0
TP3= @ 734.6
TP4= @ 770.0
TP5= @ 800.0
SL= Break below S2
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#BNB/USDT CHART !!!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 which price is moving from certain days which is going to breakout the pattern in either side if price breaks bottom line of pattern means breakdown(Bearish) and if price breaks top line of pattern it means breakout(Bullish)........
BNB PRICE ACTION ANALYISIS. BEARISH BAT PATTERNBNB 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 confirmation on the breakout.
Happy trading :)
This is just for educational purposes.
💡Don't miss the great buy opportunity in BNBUSD @binanceTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (432.44).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. BNBUSD is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 67.
Take Profits:
TP1= @ 451.84
TP2= @ 483.86
TP3= @ 525.25
TP4= @ 614.28
TP5= @ 683.78
SL= Break below S2
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. . . . . Please show your support back,
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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 ❤️
BNB COULD GO INTO CONSOLIDATION AND THEN GIVE A BIG MOVECurrently BNB is near it's Supply Zone. The BNB could go into consolidation and then could give a big move on either side.
On the upper side if it sustains above Supply Zone with good volumes then go long.
On the lower side if it breaks the uptrend line then short and book your profits near Buying Zone or enter long positions in Buying Zone.
💡Don't miss the great buy opportunity in BNBUSD @binanceTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (321.72).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. BNBUSD is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 69.
Take Profits:
TP1= @ 346.99
TP2= @ 360.66
TP3= @ 374.33
TP4= @ 387.99
TP5= @ 429.71
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 / Crypto 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 ❤️
💡Don't miss the great buy opportunity in BNBUSD @binanceTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (330.80).
. 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 below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 54.
Take Profits:
TP1= @ 377.80
TP2= @ 422.70
TP3= @ 485.20
TP4= @ 527.80
TP5= @ 598.90
TP6= @ 681.20
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 / Crypto 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 ❤️
BNBUSDT NEXT MOVEMENTBNB recently respected its old support at 227 & get a nice bounce from there so if it goes in this same direction then the next targets will be:
1st>>>400
2nd>>>608
3rd>>>680 OR
If can't hold it upward move & fall below 227 support then we will see it's in a new DIP.
So, take advantage of both scenarios as per your strategy & capital.
HAPPY TRADING






















