Market Insights

bnbusd Ideas

BNB/USD Analysis: Unveiling the Complete Primary Trend and Latest Updates

Logarithm. Analyzing trends within a one-month timeframe can provide insights into the primary and secondary trends, as well as accumulation and distribution zones of a popular asset on a leading exchange platform. Understanding the direction of mass sentiment is crucial in setting trends in the cryptocurrency market. The line chart depicting the trend of a specific crypto coin on Binance's blockchain can offer valuable insights. Considering potential news events that could impact prices, such as market manipulation or geopolitical tensions between major powers like China and the United States, is essential for anticipating market movements. Examining the percentage decline from price peaks...

Updated 2 weeks ago

Binance Coin Price Prediction: BNB/USD Targeting $2000 in Q4

The Binance Coin (BNBUSD) Accumulation Phase The Binance Coin (BNBUSD) has been accumulating since early March (March 11 candle), trading sideways within the Mayer Multiple Bands (MMB) Mean (black trend-line) and the 1st SD above (grey trend-line). The 1W MA50 (blue trend-line) has been the support since the late December 2023 bullish break-out. Support and Previous Cycle Comparison The 1W MA50 should continue to act as support throughout the remainder of the Bull Cycle. This was also the case during the previous Cycle when BNB experienced the final accumulation phase (blue ellipse) from September to December 2020, again within the same MMB zone....

Updated 2 weeks ago

Binance Coin’s Bullish Pennant Pattern: A Comprehensive Analysis

BNB's pennant has recently broken out to the upside. The question now is whether the upcoming re-test will validate this bullish move.

Updated 4 weeks ago

Analyzing Binance Coin’s Recent Surge: What’s Next for This Cryptocurrency?

Explanation of my video analysis: Binance Coin is currently clearly retesting a major resistance at the previous $700 level which was also the all time high of Binance Coin. Since we did not see a break above yet, there is simply a higher chance that we will see a (short term) move lower. If you are not in a position on BNB yet, you can potentially use this anticipated drop to enter a fresh trade. Keep your long term vision, Philip (BasicTrading)

Updated 4 weeks ago

Navigating the Bullish Crypto Market: Unveiling the Triangle Correction Pattern

Dear analysts and traders, I trust this message finds you in good health and high spirits as you prepare to approach the upcoming week with renewed vigor. I extend my best wishes for continued success in all your business pursuits. It is essential to emphasize that sustained success in business hinges significantly on the consistent establishment and adherence to your principles. Elliott Wave Principle As an advocate of the Elliott Wave principle, I regard this methodology as a valuable instrument for market analysis. Over the past three years, I have honed my approach by amalgamating this principle with a meticulous evaluation of diverse...

Updated 4 weeks ago

Navigating the Third Wave: Unveiling the Latest Trends in the Crypto Market

Dear analysts and traders, I hope you are doing well and are motivated for the week ahead. I wish you all the success in your business endeavors. Remember that success in trading lies in consistently defining and sticking to your rules. As someone interested in the Elliott Wave Principle I find it to be an invaluable tool for market analysis. I have developed my approach by combining this principle with my personal experience and by considering different scenarios that are likely to occur in the market. It should be noted that I do not like...

Updated 3 months ago

Navigating the Third Wave: Cryptocurrency Market Insights and Updates

Dear analysts and traders, I hope you are doing well and are motivated for the week ahead. I wish you all the success in your business endeavors. Remember that success in trading lies in consistently defining and sticking to your rules. As someone interested in the Elliott Wave Principle, I find it to be an invaluable tool for market analysis. I have developed my approach by combining this principle with my personal experience and by considering different scenarios that are likely to occur in the market. It should be noted that I do not like...

Updated 3 months ago

Binance Coin (BNB) Price Analysis: A Comprehensive Guide to Trading Strategies

BNB appears to be facing uncertainty due to concerns raised by the US government, but Binance remains the leading exchange globally in terms of liquidity and trading volumes. It is unlikely that they will easily let go of BNB. Despite the current risks, trading BNB can still be profitable if approached with caution and a well-thought-out strategy. Remember, with no risks come no rewards. -------------------------------------------------------------- Trading Strategy -------------------------------------------------------------- - Entry Point: Around $200 - Take Profit 1: Before reaching $350 - Take Profit 2: Before hitting $650 -------------------------------------------------------------- - Stop Loss: $170 (avoid trading below this level) -------------------------------------------------------------- - Consider buying back during a significant dip around $50 Happy trading!

Updated 3 months ago

Bitcoin Price Plunges: Binance Tumbles to $200 Support Level

This presents a cautious perspective on the current market situation, emphasizing the importance of considering all potential outcomes to prevent surprises. According to Elliott Wave Theory, the market is currently displaying characteristics of a complex correction in Wave 4, following a simple correction in Wave 2. The correction in Wave 4 could either be a flat or a zigzag pattern, with a breakout above the previous highs indicating a flat correction and staying below suggesting a zigzag. To confirm a downward trend towards the 200 mark, attention is directed towards a break of the red trendline, signaling bearish momentum. Buying...

Updated 3 months ago

Bitcoin Price Analysis: Riding the Bull Market Wave – Weekly Cycle Maturation

Dear analysts and traders I hope you are doing well and are motivated for the week ahead. I wish you all the success in your business endeavors. Remember that success in trading lies in consistently defining and sticking to your rules. About the Elliott Wave Principle As someone interested in the Elliott Wave Principle, I find it to be an invaluable tool for market analysis. I have developed my approach by combining this principle with my personal experience and by considering different scenarios that are likely to occur in the market. It should be noted that I do not like to be surprised...

Updated 3 months ago

BNBUSD: Is $700 on the Horizon or a Pullback Looming?

BNB Potential Breakout Analysis If BNB closes above $620 on the daily timeframe, a bullish breakout could be imminent, with a target towards $700. It is crucial to monitor this level closely for confirmation. Caution Advised Failure to breach the $620 resistance may result in a pullback scenario. In such a case, anticipate a decline towards the $580-$550 support zone. Traders should exercise caution and be prepared for various scenarios. Reminder Always conduct your research (DYOR) before making any trading or investment decisions. Stay informed and consider various factors to manage risks effectively.

Updated 3 months ago