All cryptocurrency have a strong bearish momentum and we can see a little more to the downside.
If it break the yellow zone and retest of that zone we can potentially look for more downside to -27.00%.
On H4 time frame you can lower high and lower low been formed.
Trading 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...
BNB 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 suggestion:
". There is a possibility of temporary retracement to the suggested support line (367.44).
. 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...
Bnb$ looks like a breakout in short time frame but its still bearish on HTF charts if
there is high probability that btc could not break 38500$ level we need to
monitor btc at 38500 if if it signals some bearish signs then bnb could drops back to
380$
shorts bids set
420$
450$
Sl 480
Target 380$
R:R 6.4
Scalping is a trading strategy in which traders profit off small price changes for a stock.
$bnb is probably safest among all cryptocurrency coins to play scalps
scalping strategy
330-340 buy with target 370+
if price move further down place bids at 300-310 take DCA entry target 350
it will not sharply dump anytime soon in rare case if it does then place...
$BNB - USDT
broke the downward trend line.
Bullish scenario : closes above resistance at 385.
Bearish scenario: breaks down from support trend line .
Anything under 400$ is undervalued IMO. ($BTC leads the way) .
Considering it is a study on the 4-hour chart and the possible confirmation of the BNB inverted shoulder - head - shoulder will jump straight to the stars.
And detail: this is a conservative study, I believe it can achieve bigger targets.
The best entry is indicated in the study, at the moment I do not recommend performing any operation, but wait for a price...
