Trade your ETH for BNB at/in-between the green prices listed on chart
BNB has a high probability of being a good Long. Let me explain my reasons. First of all, if we apply the Fibonacci retracement from the beginning of the parabolic bullish movement we can notice a great growth in BNB being that this retracement has led it to test 0.618% which is a fairly good zone in liquid currencies to initiate a possible Long . This means that...
BNBUSD gave a bullish breakout over the sideways congestion, with immediate target zone seen at 425 with next at 485/525 short term. Near term traders may place 378 as stop.
Another good market these days is Binance coin vs eth. As you can see in the 4-hour chart and time frame, we have both an ascending channel and an ascending triangle! This promises a 10% profit for us. This is a personal opinion and its use depends on your knowledge of technical analysis and review. Good luck and profitable.
We have a consolidation zone given by the volume poc and the EMAS of 20 and 55. Once broken with force, bnb could reach the 500usd approx. values. My entry price will be approximately 494usd. When the previous maximum has been exceeded . ANAGE YOUR RISK! The loss you take in case of failure should NEVER be more than 2% of your total capital. NEVER. You invited...
ETH did it's marvelous advancement leading large CAPS into ATH. Now BNBETH is at a very strong support on the daily and weekly charts. I see it is time to move the funds from ETH to BNB and ride the wave from there for BNB to advance and make new ATH vs BTC and USD and ETH along.
#BNB/USDT TA Update:- $BNB currently trading at $593 And went upto $615 As per my TA short position is exited at $590 ( which was our stop loss ) Now...? Keep an eye on $590 level. If price sustained above $590 then we can see $800 also. But if again close below $575 then again I will Bearish. So I always suggest trade only after confirmation. I never want...
#BNB/USDT TA Update:- $BNB currently trading at $561 And this is looking good for Fresh Short entry. Why..? As per TA chart is looking Bull Flag but My psychology is saying we can see down Trend. So also ready for both scenarios. Now I am shorted $BNB at $561 And if candle close above $585-$590 then I will exit from short and Long Target will be...
DISCLAIMER: 1.trade carefully and have stop loss for sure 2.Past performance is not indicative of future results. <> <>
BNBETH pair has reached the low of the Kumo Cloud which coincide with the lower line of a symmetrical wedge. The projected Cloud is bullish, so one could expect support around the 0.223 level. Even a breakout below could be absorbed, due to the bullish projected cloud. At current levels it is a wait and hold situation for potential Eth buyers, since chances are...
Technical Analysis is not always 100% BUT As DeFi stealing the show, I could see BNB in the $400+ range The Binance chain has a working product as we speak with low transaction fees. Keep in mind that ETH has an update that could shake things up, The EIP1559 (Ethereum Improvement Proposal) would fix the transaction fees known as GAS fees on the network...