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BNB / TETHER Standard Futures

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BNBUSDT.PS trade ideas

Binance Coin can break resistance level and continue to riseHello traders, I want share with you my opinion about Binance Coin. Observing the chart, we can see that the price Some time ago declined to 355 points, after which started to trades in an upward wedge, where it rebounded from the support line and made a strong impulse up to the 500 support level, which coincided with the support area. Soon, the price broke this level and continued to rise to the resistance level, which coincided with the seller zone, but when BNB reached this level, it at once fell below and then rose to the resistance line of the wedge, after which made a downward impulse to support level, making fake breakout of 619 level. Then the price bounced from this level and started to move up near the support line of the wedge until it reached the resistance level again. After this, BNB rolled down and now trades close resistance line of the wedge. So, in my opinion, Binance Coin can rebound from the support line and reach to resistance level. After this, the price can break this level, thereby exiting from the wedge and continuing to grow, therefore I set my target at the 660 level. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
1
BNB/USDT About to Escape an Ascending Triangle? 👀🚀BNB Analysis💎Attention Paradisers! The #BNBUSDT chart is hinting at a potential surge. We’re locked onto a crucial support line within an ascending triangle at $561.9. 💎If the support holds, the asset will just ignite a bullish charge towards the $647 resistance mark and possibly climb higher. 💎If #BinanceCoin falters here. We’ve got a safety net at the $502 support zone, famed for its market magic. This area has often shown impressive rallies and painted the chart with vibrant green strokes for $BNB. 💎Slipping beneath this vital line will mean shifting gears to a bearish phase, marked by a rush of sales. Stay alert and adaptable as we navigate the twists and turns of the #BNB trading adventure.
Long
by MyCryptoParadise_Simon
3