Binance Coin (BNB) Price Analysis 2022Binance Coin (BNB) Price Prediction 2022
Binance Coin (BNB) holds the 5th position on CoinGecko. BNB price prediction 2022 is explained below with a daily time frame.
A rounding bottom is a chart pattern used in technical analysis and is identified by a series of price movements that graphically form the shape of a “U”. Rounding bottoms are found at the end of extended downward trends and signify a reversal in long-term price movements.
More so, a rounding bottom chart can be divided into several main areas. First, the prior trend shows the buildup to the stock’s initial descent toward its low. The rounding bottom breaks out of its low point when the stock price closes above the price immediately prior to the start of the initial decline.
Currently, Binance Coin (BNB) is at $316. If the pattern continues, the price of BNB might reach the resistance level of $447 and $540 If the trend reverses, then the price of BNB may fall to $277
Happy Trading $$$$
BNBUSDT.3S trade ideas
Binance coin forming a double top patternBinance coin has been forming green candles on weekly time and has formed a perfect doji above its 20 ema.
On the daily chart analysis, the coin is consolidating near the resistance zone and 200DMA.
The coin is trading between its 20 and 200 ema on daily time frame. A clear rejection is there near the resistance zone.
Coin is trading and taking support from its 200 ema on hourly time frame.
Wait for a close below 315 level on the daily time frame.
Good risk to reward ratio is there if the coin starts to dip.
Wait and watch the price action before shorting the coin.
💡Don't miss the great buy opportunity in BNBUSD @binance
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (285.5).
. 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 64.
Take Profits:
TP1= @ 300.0
TP2= @ 311.9
TP3= @ 324.3
TP4= @ 337.3
TP5= @ 359.6
SL= Break below S2
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💡Don't miss the great buy opportunity in BNBUSD @binance
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (246.5).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. BNBUSDT 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 57.
Take Profits:
TP1= @ 261.2
TP2= @ 275.0
TP3= @ 295.2
TP4= @ 312.4
TP5= @ 337.7
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 ❤️
#BNB/USDT 4HOUR UPDATE !!Hello dear traders, we here new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in the comments, and we will try to answer for all, thank you, guys.
BNB/USDT UPDATE!
As we can see BNB has broken the triangle pattern and retest again in the yellow area Entry 235 to 245 Stop Loss 230 and Target 310
Remember:-This is not a piece of financial advice. All investment made by me is at my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade.
Thanks for your time, we hope our work is good for you, and you are satisfied, we wish you a good day and big profits.
THANK YOU.
#BNB 4H TF CHART ANALYSISBNB is forming a cup & handle pattern on the 4H TFs which can make a low of 230$ and then a relief bounce and also the target as per Cup & Handle Pattern. That relief bounce will also be breakout of the wedge too. Double breakout Alert!!!
Also until then , the Stoch RSI will make it's way moving upwards again.
#DYOR #NFA