Bnb/usdt binanceBinance coin short term pullback forming head & shoulder pattern, maybe we can some accept correction to RED box if we loose supports..!!
BNBUSDT.3S trade ideas
Binance Coin - Ready for Next RunBinance coin is ready for its next run but lets see where it takes the support and retrace back upside for the next fibonacci level target as mentioned on the chart.
BNB/USDT good to long with cz shillingBNB (binance coin) looks good to long now support and resistance are mentioned in the chart
SYMMETRICAL TRIANGLE CHART PATTERNSymmetrical Triangles Explained
A symmetrical triangle chart pattern represents a period of consolidation before the price is forced to breakout or breakdown. A breakdown from the lower trendline marks the start of a new bearish trend, while a breakout from the upper trendline indicates the start of a new bullish trend. The pattern is also known as a wedge chart pattern.
The price target for a breakout or breakdown from a symmetrical triangle is equal to the distance from the high and low of the earliest part of the pattern applied to the breakout price point. For example, a symmetrical triangle pattern might start at a low of $10 and move up to $15 before the price range narrows over time. A breakout from $12 would imply a price target of $17, or $15 – $10 = $5, then + $12 = $17.
Symmetrical triangle chart pattern Symmetrical Triangles Explained
A symmetrical triangle chart pattern represents a period of consolidation before the price is forced to breakout or breakdown. A breakdown from the lower trendline marks the start of a new bearish trend, while a breakout from the upper trendline indicates the start of a new bullish trend. The pattern is also known as a wedge chart pattern.
The price target for a breakout or breakdown from a symmetrical triangle is equal to the distance from the high and low of the earliest part of the pattern applied to the breakout price point. For example, a symmetrical triangle pattern might start at a low of $10 and move up to $15 before the price range narrows over time. A breakout from $12 would imply a price target of $17, or $15 – $10 = $5, then + $12 = $17.
The stop-loss for the symmetrical triangle pattern is often just below the breakout point. For example, if the aforementioned security breaks out from $12 on high volume, traders will often place a stop-loss just below $12.
Binance coin flag patternFlag pattern forms in Binance coin, crypto under consolidation. If there is a breakout, a 50% up move is expected. Else Risk: Reward of 1:1. Flag was violated so a close eye is needed.
💡Don't miss the great buy opportunity in BNBUSD @binanceTrading 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 support.
Take Profits:
TP1= @ 557.48
TP2= @ 585.32
TP3= @ 613.19
TP4= @ 671.41
TP5= @ 717.24
TP6= @ 763.13
SL= Break below S2
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BNBUSDT Falling wedge {Massive targets}BNBUSDT after an amazing rally of 100% taking a break with falling wedge in 4H tf.
Breaking this wedge will give targets of 650/750/850+
HODL!
BNB Making Bullish Flag Pattern ...launchpad ready to shootupBINANCE:BNBUSDT bullish behavior counted in pattern for a mega bull rally .
make sure to analyze the targets .
NOT FINANCIAL ADVICE
💡Don't miss the great buy opportunity in BNBUSD
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 support.
Take Profits:
TP1= @ 585.32
TP2= @ 613.19
TP3= @ 671.41
TP4= @ 717.24
TP5= @ 763.13
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 ❤️
BNB ON DAY TIME FRAMEWe were bullish on BNB coin because it’s had also formed the same pattern as ETH and with a Bull run in crypto market we achieved our target.
Will BNB make it 600 ?BINANCE:BNBUSDT psychological level would be 500 .. then FOMO + Binance launchPad news BNB holders
600$ could be possible .
