BNBBEARUSDT trade ideas
Hold!!Seems like we're creating a parallel channel in the weekly logarythmic chart. Target is the upper resistance of this channel. Depending on how long it takes to reach it, prices between $550 to $600 are possible.
BNB looks interesting in the chartsBNB is consolidating in a nice symmetrical triangle pattern and it seems that it is trying to give a breakout in the 2H time frame. Once it breaks 135 it can shoot up first 170 level and then maybe if the DEFI boom continues in the Binance chain then 200-220 level.
Disclaimer: - These views are for educational purpose only and not a recommendation.
BnbBnb create a flag pattern.... So it has possibility it touch 200 USDT..... prise due to flag pattern and its session
BNB/USDT Prediction Analysis Good Morning to all respected Investors and Traders,
I made a simple analysis for BNB/USDT
After a long run, there is always a health correction..
BUY THE DIP !!
Happy trading y'all !!
Good Luck!!
Critiques and comments are super appreciated..
PS: this not financial advisor or even education. PLEASE DYOR!!
BNBUSDTBNB broke the weekly resistance level market with green line and hit a new all time high,now till the time bnb holds the green line zone it looks good to test 1$28-$150 levels
💡 Don't miss the great buy opportunity in Binance Coin/USDTTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (121.5). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. Binance Coin / USDT BNBUSDT 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 55.
Take Profits:
TP1= @ 135.65
TP2= @ 148.15
TP3= @ 157.75
TP4= @ 167.50
TP5= @ 200.00
SL= Break below S2
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💡 Don't miss the great buy opportunity in Binance Coin/USDTTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (46.48). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. Binance Coin/USDT BNBUSDT 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 65.
Take Profits:
TP1= @ 49.70
TP2= @ 52.00
TP3= @ 53.63
TP4= @ 56.00
TP5= @ 58.20
TP6= @ 63.00
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 do you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
