$BNB - USDT
broke the downward trend line.
Bullish scenario : closes above resistance at 385.
Bearish scenario: breaks down from support trend line .
Anything under 400$ is undervalued IMO. ($BTC leads the way) .
Simple trade setup in BNB/USDT ( Binance coin )
- Based purely on price action and fib levels.
- Always use stop-loss.
- Shifting stop loss is advised for active traders.
- Beginners don't use leverage to trade Crypto as it is so volatile.
- Trade according to the levels
- DM to learn to trade Crypto in India for FREE !!!
Technically chart looks good for a fresh long. All levels and analysis can be seen in the chart. Thanks 😊
Targets :- 400, 425, 450.
Stop loss :- Below 333 on closing basis.
BNB is excatly following thebtc trend. Focus on btc rather than bnb. BTC is intimating the whole market. BNB is still half dip. Wait for the 390 $. This is the position where you guys take entry.
nfa
-BNB has risen 150% past its low set yesterday
-Price has cleared major resistance and needs to hold for ATH
-MACD coils in bullish territory
BNB experienced a minor correction the last 30 hours of -15% but has revived nearly all the way. Binance Smart Chain (BSC) is continuing to grow and host new projects. This attention has also benefited BNB, which is up...
Trading suggestion:
". There is a possibility of temporary retracement to suggested support line (505.89).
. 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 uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic...
Trading suggestion:
". There is a possibility of temporary retracement to suggested support line (523.12).
. 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 uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic...
Trading 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...
BNB/usdt has tested the resistance level multiple times & failed to give a breakout. It is sustaining below 200 Ma line and it has also broken its support trend line .
