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BNB Perpetual Futures Contract

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BNBUSD.P trade ideas

Binance Coin: end of correction is pending? Selling orders were dominant for BNB during the course of the previous week. There has not been any obvious reason for such moves, except the famous market premise that the market is always right. Although Monday started well for BNB when the price was pushed to the upside, the highest weekly level at $292 was achieved on Tuesday, when the price started its push back to the starting level at $270. However, considering that this is not a significant level for BNB it shows that the market is still missing another testing of the $250 support line. The RSI was moving in a short range, between levels of 45 down to 40. It shows that the market is still more oriented toward the oversold market side, while overbought one is still on hold. On a positive side, the moving average of 50 days continues to clearly converge toward the MA200 counterpart. There is a small distance between two lines, but if the trend continues, soon it might lead to the long-awaited golden cross. Charts continue for some time to point toward the $250 support line, which needs to be tested for one more time. Oversold market zone is close, in which sense, this level might be a final reversal point for BNB. Whether such a move will occur during the week ahead, is questionable. If next week starts with prevailing buying orders, then $250 support will be postponed. In this case, the price of the BNB might revert back to the level of resistance line at $300 to test it for one more time.
BINANCE:BNBUSD
by XBTFX
1
BNBUSD H4: 75+ gains THE best Level to buy/hold (SL/TP)(SWING)Why get subbed to me on Tradingview? -TOP author on TradingView -2000+ ideas published -15+ years experience in markets -Professional chart break downs -Supply/Demand Zones -TD9 counts / combo review -Key S/R levels -No junk on my charts -Frequent updates -Covering FX/crypto/US stocks -before/after analysis -24/7 uptime so constant updates 🎁Please hit the like button and 🎁Leave a comment to support our team! BNBUSD H4: 75+ gains THE best Level to buy/hold (SL/TP)(SWING) IMPORTANT NOTE: speculative setup. do your own due dill. use STOP LOSS. don't overleverage. 🔸 Summary and potential trade setup ::: BNBUSD 4hour/candle chart review ::: chart still looks good /strong ::: setup still valid as of right now ::: noteworthy compression in progress ::: expecting one final pullback soon ::: get ready to BUY LOW later ::: accumulation range displayed on chart ::: best reload bulls near 210USD later ::: expecting 75%+ bull run ::: re-test of sliding S/R line ::: near 400/420USD later ::: BULLS accumulate / WAIT FOR CORRECTION / BUY DIPS ::: expecting short-term correction ::: BULLS get ready to BUY after pullback ::: TP bulls is +75% gains later ::: 400/420 USD is revised/conservative TP BULLS ::: expecting decent gains soon ::: 15-25% pullback short-term ::: recommended strategy: BUY/HOLD after pullback ::: TP BULLS +75% gains / 400 USD ::: BEST reload BULLS near 200 USD ::: TP BULLS is 400 USD final exit ::: SWING TRADE: BUY/HOLD IT ::: bull run not over yet ::: good luck traders! ::: BUY/HOLD and get paid. period. 🔸 Supply/Demand Zones ::: N/A ::: N/A 🔸 Other noteworthy technicals/fundies ::: TD9 /Combo update: N/A ::: Sentiment mid-term: BULLS 400 USD ::: Sentiment short-term: BEARS/PULLBACK/200USD RISK DISCLAIMER: Trading Crypto, Futures , Forex, CFDs and Stocks involves a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. Always limit your leverage and use tight stop loss.
BINANCE:BNBUSDLong
by ProjectSyndicate
28
#BNB/USDT 1DAY 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 :- Hello Friends As I mentioned in the last update and we are expecting BNB to bounce from $272 and 100MA is pumping continuously we can expect if BNB from here to $306 and $337 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. Sorry for my English it is not my native language. Do hit the like button if you like it and share your charts in the comments section. Thank you.
BINANCE:BNBUSD
by CryptoSanders9563
2
Binance Coin: correction probably ending at $250?Resistance line at $300 was a starting point for BNB during the previous week. However, general market sentiment was focused more on the next FED`s moves in terms of economic tightening, so BNB did not manage to make a break of this resistance line. General negative market sentiment as of the weekend pushed the price of the coin down to the level of $270, where it is ending the week. RSI started a road toward the oversold side, and is modestly decreasing from level of 50 down to 40 during the week. There is indication that the price of the coin might go even lower from current levels until a clear oversold market is finally reached. Moving average of 50 days continues to slowly converge toward MA200, but there is still distance between lines, in which sense, the golden cross is still on hold. Current charts are pointing to the level of the $250 support line. There is a high probability that this line will be tested in the coming days. At this moment, there is no clear indication that it might be breached to the downside, especially in the case that RSI reaches level below 30. This would be a point of reversal, where BNB will head again toward the $300 resistance line, but there is currently lower probability for such a move.
BINANCE:BNBUSD
by XBTFX
STEP 2 to MASTER TRADING: what to do with the NEWS. NEWS BRING TERRIBLE TRADING CONDITIONS During release, spread is all over the place, in addition you can easily miss the fill. So actually worst time you can enter a position is on a release itself, hoping price will rise or fall. But usually, price will make massive moves up and down, liquidating hopeful "news traders" before going in either of direction. So next time when you will regret you were not involved in the news move, just remember that you would not have a good entry point anyway. PRICE CAN GAP BELOW YOUR STOPLOSS Another really important thing to keep in mind is that very often during red news, price can momentarily and significantly gap, and now instead of your breakeven or usual -1RR, you'll have -2 or -3RR, and what's worse - you'll have a big drawdown in your emotional capital. ILLUSION OF UNDERSTANDING Sometimes beginners, and even advanced traders, fall into this illusion. Someone reads 5 articles about a specific news type, and now begins to think they understand how the news will effect the market. In reality, each trading instrument is effected by hunderds of factors, and anyone who wants to understand them, should spend months, even years with that one instrument, learning literally everything about it and what effects it. Everything else is just gambling or being naive. EFFECT HAPPENS BEFORE THE RELEASE If you've being familiar with smart money or institutional trading, ideas of Wyckoff, you'll know that institutions position themselves long time before news release, during accumulations and distributions. Market structure gets established long before actual realease, and what news do are just producement of sporadic moves, grabs of liquidity and easy manipulations. But only 0.01% of news actually change pre-established structure and starts a new trend, big picture doesn't change because of news. What actually starts a move and a trend are accumulations and distributions, and news really can be a part of it, but only a small part. SO WHAT TO DO ABOUT THE NEWS? 1. Check red news releases during your day. Don't enter 15-30 min. before and after the news. 2. If you're already in a trade, and price came relatively close to your entry, it's better to close out the position now, because remember that price can gap below your stoploss. 3. If you're positioned in profit significantly away from the price, leave the position open. So to recap everything above, you need to trade YOUR SYSTEM, YOUR EDGE - for me it's structure, SnD and confirmations - but also we need to acknoledge the short term chaotic news effect, and use our knowledge to manage risk and that's all. Hope this post give you better understanding what should you do in order to become a successful trader. I will be grateful if you support this post by smashing the BOOST button and sharing it with other traders. Thank you! Dima
BINANCE:BNBUSDEducation
by Yelli_trades
1
Binance Coin: equilibrium is around $300?Two weeks ago Binance Coin reached a clear overbought market side, hence, it was expected that short reversal is in store for this coin. Previous week BNB started around level of $333 and turned to the downside, reaching a minimum weekly level at $276. Support line at $250 has not been tested on this occasion. Initial target for BNB was support line at $300, however, during the Friday`s trading session, and general negative market sentiment, the coin was pushed further below this support line. BNB is ending the week above $280. During the week RSI was pushed down from the level of 75 to level of 39. Based on the current movement of the indicator, it does not seem that the market is ready to head toward the oversold side. Rather, it might take some time until the coin actually reaches this side. Moving average of 50 days started its stronger convergence toward the MA200 counterpart, but still it might take some time in the future until the actual golden cross is reached. Technical analysis is showing the probability for BNB to get back to the level of support line at $300 in the coming days. At this point, a move toward $330 is not supported. On the opposite side, indicators are showing increased probability for the $250 support line to be tested in the coming period.
BINANCE:BNBUSD
by XBTFX