BNBUSDT trade ideas
BNBUSDTAll 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.
BNBUSDT analysisBinance coin in 1H time frame forms a Double bottom pattern, if it breaks its neckline near 341 it can move towards the above trendline.
💡Don't miss the great buy opportunity in BNBUSD @binanceTrading 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 dynamic resistance.
. The RSI is at 54.
Take Profits:
TP1= @ 377.80
TP2= @ 422.70
TP3= @ 485.20
TP4= @ 527.80
TP5= @ 598.90
TP6= @ 681.20
SL= Break below S2
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BNBUSDT NEXT MOVEMENTBNB 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
💡Don't miss the great buy opportunity in BNBUSD @binance
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 dynamic support.
. The RSI is at 70.
Take Profits:
TP1= @ 448.03
TP2= @ 487.51
TP3= @ 528.66
TP4= @ 613.87
TP5= @ 683.92
SL= Break below S2
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. . . . . 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 !
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Trade well, ❤️
ForecastCity English Support Team ❤️
bnb trade ideaBnb$ 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
$bnb binance coin scalping strategyScalping 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 aggressively buy order at 190_210
BNB-USDT $BNB - USDT
broke the downward trend line.
Bullish scenario : closes above resistance at 385.
Bearish scenario: breaks down from support trend line .
Anything under 400$ is undervalued IMO. ($BTC leads the way) .
Analysys BNB/USDTConsidering 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 action that confirms the analysis.
BNB LONG !!! 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 !!!
BNBUSDT Taking support on the baselineTechnically 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.
