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BNBUSD trade ideas

Binance (BNB) Targets $1500 Using Elliott Wave TheoryBinance (BNB) is unloading a trend wave that could reach $1500 within the next few months. Using Elliott Wave Theory as our guide, we inspect the market’s trends (called waves) to determine where we are within the 8-wave Elliott wave sequence. Within the idealized 8-wave structure, the market rallies in five waves followed by a three wave setback labeled A-B-C. The crypto market is also fractal, so the patterns we see for larger trends also appear within the smaller trends too. Considering a starting point of the March 2020 pandemic low for BNB, it appears the five wave advance is incomplete with only four waves knocked out. This implies BNB is now rallying in a fifth and final wave of the advance before embarking upon a more meaningful setback. One awesome aspect of market analysis with Elliott Wave Theory is that there is a market geometry at play. The waves and the trends are related to one another. Therefore, we can reasonably estimate how far this larger fifth wave might carry. Many times, wave 5 and 1 are related by a fibonacci distance or they are equal. When we apply this to the chart above, wave 5 equals the distance of wave 1 at $741. A nice gain but still a little on the small side for typical fifth waves. Wave 5 is 1.618 times the length of wave 1 at $1435. Additionally, wave 5 target estimates can be generated using the distance of waves 1-3. For example, 38.2% the distance of waves 1 through 3 appears near $1524. When we mix these ingredients together, a fairly tight cluster of target prices is created near $1500. Therefore, it would be common for a market of BNB’s structure to rally from here to near $1500 before finding a more meaningful top and correction.
BINANCE:BNBUSDLong
by JWagnerFXTrader
1
BNBUSD H16: 100%+ gains THE BEST Level to BUY/HOLD (SL/TP)(NEW)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 H16: 100%+ gains THE BEST Level to BUY/HOLD (SL/TP)(NEW) IMPORTANT NOTE: speculative setup. do your own due dill. use STOP LOSS. don't overleverage. 🔸 Summary and potential trade setup ::: BNBUSD H16 chart review ::: chart 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 ::: best reload bulls near 410USD later ::: expecting 100% bull run ::: re-test of sliding S/R line ::: near 800USD later ::: BULLS stay out be ready later ::: expecting short-term pullback ::: BULLS get ready to BUY after pullback ::: TP bulls is +100% gains later ::: expecting decent gains soon ::: 20-25% pullback short-term ::: recommended strategy: BUY/HOLD after pullback ::: TP BULLS +100% gains / 800 USD ::: BEST reload BULLS near 400/410USD ::: TP BULLS is 800 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 ::: Sentiment short-term: BEARS/PULLBACK 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
3
Binance Coin might be breaking through. BNBUSDIt certainly looks like it. WXY of a larger B Wave seems to be complete and we are just about right Fibonacci time wise. No pivot is confirmed, but it feels got to be somewhat risky from time to time. We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in green with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe!
BINANCE:BNBUSDLong
by Rykin_Capital