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BNB Possible Double Bottom Trading PlanTLDR: • BNB is on the verge of breaking out the range high in a possible Double bottom reversal. • Above the range high is a supply zone between 256 – 266 USD. • I consider this supply zone as another layer of resistance. • Wait for a retest of the range high as support and for green dots on the TTM Squeeze indicator before betting the farm on BNB. Background: • Between the 5th of June and the June 12th BNB lost 30% of its dollar value. • On June 12th, BNB reached the selling climax and set the range low at 220$. • On June 13th and 14th BNB rallied to make the range high at 252$. • On June 28th, BNB tested the range low as support. • Until today BNB wasn’t able to successfully break out of the range. Supply Zones: • BNB’s downward move was in a “drop, base, drop” pattern. This pattern created two supply zones above the range high. • The first supply zone is between 256 -263 USD. • The second Supply zone is between 274 -281 USD. • Until these supply zones are exhausted BNB’s uptrend can be challenged. Double Bottom Pattern: • A double Bottom is a bullish reversal pattern. • The double bottom is confirmed only after a break above the neckline. • It is not clear yet if we are in a range or in a double bottom. However, it makes no difference as far as the trading plan is concerned. Trading plan: • I am writing this trading plan assuming that we do have a double bottom and that BNB will break above the range high. If the breakout fails, I will look for another entry and update you. • Pay attention to the supply zone just above the range high. This supply zone will create bearish pressure on BNB and may push the price down, possibly below the range high. • Don’t buy the breakout. Buy the retest of the range high as support. • Take profit or move your SL before the second supply zone between 273 – 280 USD. • You mnust look at the volume candles to verify the breakout. A breakout on low volume is, most likely, doomed from the beginning. • You can use the TTM squeeze indicator (by Beardy_Fred) as confluence. Wait for the green dots as a sign that volatility is back. However, this is a lagging indicator. To make the best use of this indicator, check the LTF. Trade Idea: • Entry: 252 USD (only after a retest and green dot) • SL: 243 USD • Target: 308 USD • R: R: 1:5 • TP: 273, 208 NFA What do you think? Please share in the comments. Best wishes.
BINANCE:BNBUSD.PLong
by NewThoughtCrypto
HelenP. I Binance Coin can fall little and then make impulse upHi folks today I'm prepared for you Binance Coin analytics. A few days ago price bounced from 225 point to the resistance level, which is located inside the resistance zone. But in a short time, BNB declined below the support level to the support zone. Next, Binance Coin started to grow to the resistance level and even rose higher to the trend line, but at once price rolled down and made a strong downward impulse to the support zone. Price some time traded close to this zone and later declined lower it. Then the price started to move up and a few time later reached the resistance zone, which coincide with a trend line, thereby breaking the support level with the zone, but also recently BNB fell below, where it continues to trade. I expect that price can decline a little and then bounce up to the trend line. As well maybe BNB can break this line, make a retest and bounce higher of resistance level. For this reason, I set up my target at 252.5 level. If you like my analytics you may support me with your like/comment ❤️
Long
by FirstNameHelen
2
BNBUSDT at monthly support, likley to head to 261 and 306The green zone marked on the chart is the confluence of monthly, weekly and daily supports. Therefore, it presents a very strong support area for the price to hold. Even during the brutal drop the price experienced a few weeks back, this is the zone where the price held and bounced back. Then there was a dip into this zone again to retest that area and now it is bouncing again from that zone. I believe the price is heading for the daily resistance DR1 zone first where it may experience some pullback and then head for the weekly resistance WR1. There might be some struggle at daily resistance DR2 zone but I believe that would not be significant in case price reaches there.
Long
by angela_altair
Binance Coin can bounce of resistance level and start to fallHello traders, I want share with you my opinion about Binance Coin. By observing the chart we can see how the price bounced from the support line, which coincides with the buyer zone to the resistance line, thereby breaking two levels. After this, the price made a strong downward impulse back to the support line, declining below the 241.5 level. Next BNB some time traded between support and resistance lines, and after one more time correction, it bounced up to the resistance line of the pennant, thereby breaking past the resistance line. Inside the pennant, the price very much declined to the support line, which is located below the buyer zone. But a not long time ago BNB roll up and started to rise and recently even exited from the pennant and now trades close resistance level. I think Binance Coin can bounce down of this level and then start to fall. For this reason, I set up my target at the 235 level. Please share this idea with your friends and click Boost 🚀
Short
by LegionQ8
7
What do I do with BNB?TLDR: • Although the bearish pressure on BNB is reduced. It is not yet clear that the downtrend is finished. • To confirm a trade reversal, I will wait for a long signal from the TTM Squeeze indicator. Background: • BNB is in a continuous downtrend since the 17th of April 2023. • Fundamental news regarding Binance US has exacerbated BNB’s situation and increased the downside momentum. • Since June 11th selling pressure has somewhat reduced but momentum is still on the downside. • If we disregard the wicks, in the past 18 days BNB is moving in an 8% price range. • This high level of compression is displayed by the TTM Squeeze indicator by the orange dot. The orange dot means the highest level of compression (Keltner channel inside the Bollinger band). Will BNB’s compression lead to a trend reversal? • The truth is I don’t know. Nobody does; especially not the trading gurus on YT and CT. • However, I think that liquidity is to the upside, not down. IMO, candle wicks are the footprint of the MM. Wicks could indicate that MMs are building long positions. The only problem is that I cannot negate another quick move down to shake out the traders that already took long positions. So, what do we do? We don’t have to do anything. We wait. Wait For what? Trend reversal. A long signal. How will I know that the trend changed? 1. Bullish RSI divergence. 2. The TTM squeeze indicator is a big help in such a situation. Once the TTM Squeeze histogram moves above the zero line and green dots appear, it’s a sign that volatility is returning. 3. I will also look out for a high-volume green candle and a strong price move away from the range. Next Support levels: 205 USD. 183 USD. Resistance: 240 USD. 250 USD. 260 USD. NFA What do you think? Please share in the comments. Best wishes.
BINANCE:BNBUSD.P
by NewThoughtCrypto
BNBUSDTHello Crypto Lovers, This is a 1D frame analysis for BNBUSDT After the initial support line was breached, the price was able to move slightly higher and we expect it to form a double bottom pattern and start to move towards the first resistance line. Keep in mind that if the price is able to remain above the support line with a positive candle, then we can expect further upside. However, if it breaks below the support line completely and closes there, then we can consider a deeper correction. But our priority is the double bottom pattern. Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions. Take care
Long
by MarsSignals
Unstoppable BNB Bulls to $400 from $250? Explosive Ride!Bulls are coming, $400 BNB loading.....Don't be deceived by the quietness surrounding BNB while other altcoins are pumping. This pump coming seems to be extraordinary, and it's a chance you wouldn't want to miss. Well sit tight for this one, If you want to join the BNB bulls ship before it sails, here is a free signal to get on board quickly if you read to the end you get free entry, stop and take profit but don't forget to click the boost button to support us if you agree and comment if you disagree. Chart Analysis: According to MT Pandora's Box, The current support level on BNB around 245 to 250 indicates a potential breakout on the 4-hour chart. A higher low formation suggests a 65% chance of a bounce towards the resistance range of 263 to 268. If the bulls maintain dominance, further targets could reach 300. It is advisable to buy incrementally as the breakout is pending, considering the high volatility of BNB's price. The price may experience back and forth struggles, but once the breakout occurs, it could skyrocket to 409 to 569 if extended. The market sentiment suggests that the bulls are unstoppable, and missing out on this opportunity would be a mistake. Here at MT traders, we have already started accumulating BNB at around 237. While it is uncertain if $500 will hold them, it's wise not to be too greedy with the take profit target Moreover, the weekly chart shows a highly bullish market sentiment, and even a slight range entry by BTC could trigger more altcoins to break out, including BNB. I will be constantly updating this post, so I encourage you to come back and check for updates. It's still a great opportunity to buy before it's too late. If you agree with this idea, please follow and click the "like" icon under this post. If you disagree, please comment below stating your reasons. 📈 🚨 #FREE MT BNB LONG TRADE SIGNAL 🚨📈 👉 🧿 ASSET: CRYPTOCAP:BNB (BNB/USDT) 👉 🧿 ACTION: LONG 👉 🧿 1st ENTRY PRICE: $248.3, $252, $254.5 👉 🧿 STOP LOSS: $226 (Risky stop 237) 👉 🧿 1st TAKE PROFIT: $268, 2nd Tp: $300 (extended TP: , $468, $590) Remember to trade responsibly and always do your own research. Happy trading! 📈🚨
Long
by MachiavelliTrader
BNBUSDT - Price can exit of pennant and continue to riseHi guys, this is my overview for BNBUSDT, feel free to check it and write your feedback in comments👊 A few time ago price bounced up from support area and rose to resistance level, which coincided with resistance area. After this, price bounced back and even declined lower of support level with support area. Next, Binance Coin started to grow near support line and later it reached resistance level again. Later, price rose to resistance line, and started to decline, thereby entering to pennant. When price declined it broke support line, made fake breakout, and reached support line. Recently, BNB bounced up and now trades close support line and maybe it can make a little movement down. Then price can bounce up, thereby exiting of pennant and continuing to grow to $243.5 If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
13
Binance Coin BNBUSDT Price Analysis (w)Introducing the weekly chart of Binance Coin for our dear community! In 2018, the price of BNB found strong support at the $8 level, resulting in a sideways movement throughout the year. Similarly, we are currently witnessing a significant support level at $220, accompanied by a similar pattern and movement reminiscent of 2018. Based on this observation, our analysis suggests a potential drop in price towards the range of $115-120, aligned with the rising support line visible on the chart. However, the future movement of BNB remains uncertain. It is worth noting that historical performance shows that BNB has not only reached its previous all-time high (ATH), but has also broken it, setting a new ATH in May 2021. This suggests the possibility of further price advancements. Stay tuned for further updates on our analysis of BNB. Thank you for your attention.
by Vestinda
Crypto capitulation eventThis is the capitulation event for crypto that I was waiting for. My previous Bitcoin idea and target are still valid, anyone long right now is going to get wiped out by the crash of Binance coin. I’m currently short. I also shorted Bitcoin and sold most of my alts here. If wrong then I will buy back higher on bullish structures. Even with the massive pump Bitcoin had here, Binance coin wasn’t able to invalidate the bearish structure. Absolutely terrible performance. Binance is still being sued, BNB is being artificially pumped by “someone’s” creative syphoning of client money. “Allegedly”. This pump was extremely profitable for me on my alts, an absolute lifesaver of a hedge. Sold most, will use profits to buy lower.
BINANCE:BNBUSDShort
by JaimeDeRothschild
HelenP. I Binance Coin can make correction and then start growHi folks today I'm prepared for you Binance Coin analytics. After the price started to decline and broke resistance 2 which coincides with the resistance zone, it bounced down to resistance 1 which coincides with the resistance zone too. But the price didn't can fixed there, broke this level and continue to fall to the trend line. When the price declined to the trend line, it bounced up and started to grow inside the big triangle. Binance Coin even rose to resistance 1, but at once bounced and fell back to the trend line, where the price continued to trade to this day. I think that price can decline to the trend line again, then bounce up and start to grow to resistance 1, thereby exiting of triangle. Therefore I set up my target at a 255 resistance level. If you like my analytics you may support me with your like/comment ❤️
Long
by FirstNameHelen
9
BNB LTF Analysis – 23.06.2023 Yesterday, on June 22nd, BNB failed to break the resistance of 21D EMA and the upper boundary of the Ascending Triangle. Consequently, it also lost the triangle’s upward sloping trendline. During the Asian session BNB tested the diagonal line resistance. I am in no way bearish about BNB, but I think that BNB will go a bit lower before it tries for higher. These are my reasons: Bearish Momentum: BNB is below the 21D & 50D EMAs. As long as BNB is below these EMAs the bearish pressure is pushing price down. A break below a diagonal support is usually a sign of weakness. I don’t advocate for trading correlations , but I don’t ignore them either. BTC is looking top heavy, and I expect it to pull back to the 28K level. IMO, BNB in its current state cannot overcome such headwinds. Lastly, Today is Friday , I expect many long traders to cash in on their longs and retire for the weekend. If this happens, the bearish pressure all over the market will increase and BNB will suffer. The first sign of a recovery is if BNB reclaims the trendline. If BNB reclaims the trendline and pushes up, the bullish case for BNB will become stronger. Support Levels: BNB can reverse. BNB is a strong asset with substantial upside potential. As long as the uptrend in the general crypto market holds, I do not expect BNB to drop below the 220 USD Level. However, if BNB does drop to the 180 USD level, I will go balls deep into BNB spot. IMO, this is the best asset in the Altcoin category. 238 USD (low confidence) 231 USD (medium confidence) 220 USD (high confidence)
BINANCE:BNBUSD.P
by NewThoughtCrypto
2
Binance Coin can bounce to resistance level and try to break itHello traders, I want share with you my opinion about Binance Coin. Looking the chart, we can see how price bounced of resistance line and started to decline to support line, thereby entering to wedge. When price declined, it fell firstly to current resistance level, which coincide with area, but at short time, broke this level and continue to decline to support level. And later BNB made a fake breakout to support line, but soon bounced back and started to grow. Price rose to resistance area and made correction to support level again and continued to move up until to resistance level. After price reached this level, it bounced and a not long time ago fell below resistance area. At the moment Binance Coin trades near this zone and maybe it can fall to support line and then bounce up to resistance area back, where price can make retest and continue rise to resistance level. Also, I think price can break this level, make retest, or at once continue to move up without retest. For this case I set my target at 262.5. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
6
BNBUSDT - Price can bounce of resistance line and start to fallHi guys, this is my overview for BNBUSDT, feel free to check it and write your feedback in comments👊 A few moments ago price started to decline inside falling channel, in which it broke $272.5 level. Price fell to support level which coincide with support area, thereby exiting from channel. Later Binance Coin made fake breakout to support line and at once bounced up, entered to wedge, and rose to resistance line. At the moment price continue moving in wedge and in my mind BNB can bounce down from resistance line and start to decline. Also maybe price can break support line and fall to $232.5 support level. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Short
by WalterMoon
8
✴️ Binance Coin Likely To RecoverBinance Coin is in the TOP10 and we can use it to gauge the strength of the market. If BNB recovers, the rest is set to recover. What one does, the rest follows. Since Binance is the one receiving the strongest attack, we will call it karma and leave it at that, if it can recover then the easier it is for the rest to recover. As others are being attacked but not as strong. We have a double bottom here, June 2023 vs December 2022, technically. The June low is actually a few cents higher while the RSI went to oversold; a hidden bullish divergence. Yes they are under attack, but an attack is not the end of the world. Look at BitMEX for example, it was attacked but it survived. They might have to wind down, maybe even stop some of their scam schemes... who knows, but an attack is not the end of the world. Cryptocurrency is about freedom and decentralization. The market can become too centralized at times. Whatever is happening is bound to turn into a positive in the long-run. Binance, you reap what you sow. Good luck with your battle. You will survive, that's for sure. Namaste.
BINANCE:BNBUSDLong
by MasterAnanda
HelenP. I Binance Coin can break trend line and make retestHi folks today I'm prepared for you Binance Coin analytics. A few time ago price bounced from the resistance zone and started to decline. Price declined to support zone, thereby breaking two support levels. After there movements price bounced up from support zone, which coincide with support level, and now trades close trend line. I think Binance Coin can make correction to support line and then bounce up and start to grow. Also, it can break trend line, make retest or not and continue to move up. For this case, I set up my target at 252 level. If you like my analytics you may support me with your like/comment ❤️
Long
by FirstNameHelen
7
Binance Coin | A dormant Whale Sold 10,000 BNB tokens !If you haven`t sold BNB at the resistance, here: Then in my opinion Binance Coin (BNB) faces significant challenges that could potentially impact its price negatively. The first factor is the ongoing investigation by the U.S. Securities and Exchange Commission (SEC) into Binance and its CEO Changpeng "CZ" Zhao. Regulatory scrutiny can create uncertainty and potentially lead to a decline in investor confidence, affecting the price of BNB. Furthermore, After remaining inactive for a period of two years, a significant whale recently sold 10,000 BNB tokens at a price of $230, amounting to $2.3 million. What's interesting is that this particular whale was previously involved in the SAFEMOON cryptocurrency and managed to generate a substantial profit of 110,000 BNB tokens, equivalent to $47.5 million at that time, with an initial investment of just 10 BNB tokens, valued at $2,400 back then. Based on the information above, with the SEC investigation and the selling pressure from whales, a price target of $220 is reasonable, in my opinion. Looking forward to read your opinion about it!
Short
by TopgOptions
1
BNBUSD Is there any salvation for the Binance Coin?The Binance Coin / BNBUSD had a week of enormous selling pressure last week, touching on Monday Support A (220.00), that was formed on the December 17th Low. This is a strong long term buy opportunity. Target initially Resistance A at 318.00 and by the end of August Resistance B at 350.00. As shown, the primary pattern is a Rectangle. If the price closes under Support A, target Support B at 194.00 on the short term. However given how emormously oversold the 1day RSI got (at 15.00) on Monday, this is unlikely. Still that would be an ever better long term buy opportunity. Follow us, like the idea and leave a comment below!!
CRYPTO:BNBUSDLong
by TheCryptagon
4
The Big Danger Awaiting BNBBNB, which had an order block of around $265, was rejected by this block about 5 times and then stood at around $210. In the scenario where this block is rejected, $350 can be seen again, but I think this scenario is risky as I heard from various sources that Binance is an attempt to hold BNB by selling Bitcoin. In the scenario where $210 support is broken, BNB will face the downtrend that it broke before. There is a possibility of a return from here, but if this does not hold, the $210 - $43 gap becomes extraordinarily dangerous.
by YavuzAkbay
BNB will Continue To Fall To $180 from $345BNB buyers did a good job recovery from last year 2022 Nov dump to 180 up to the HKEX:345 resitance zone. The.only issue here is that after multiple attpemts to break this price range it Signals failure which is a strong sign of weakness and lack of interest in buyers as each thrust lacked a follow through. How ever The Month of May- June doesn't look too promising for buyers if the current sellers continue to grow then the bulls dream to 430 resistance will be destroyed Before any more attempt if the current Monthly candle remains unchanged or continue to turn more Bearish. This shows that soon the bear pattern developing according to the MT Pandora's box above a bear hit could push price further down to 316 to 180 zone if the selloff continue to increase. There will be mini-pull ups along the dump . Our swing Short Plan on BNB Remains: 📈 FUTURES TRADE SIGNAL 📈 👉 ASSET: CRYPTOCAP:BNB (BNB/USDT) 👉 ACTION: SHORT 👉 1st ENTRY PRICE:  HKEX:333 2nd ENTRY PRICE : HKEX:330 3rd Entry : $329.4 👉 STOP LOSS: HKEX:345 👉 1st TAKE PROFIT: HKEX:316 2nd TP: HKEX:299   3rd TP; HKEX:269 , 4th TP : 190 worst 56 by 2024. 👉Disclaimer: This signal is for informational purposes only and does not constitute financial advice. Crypto trading carries risk, and past performance is not a guarantee of future results. The user assumes full responsibility for any profits or losses incurred, and the signal provider is not liable for any investment decisions made based on this signal.🥰 Always come back to check on this post as we are going to keep updating this post with more entries opportunities. Kindly Like🥰 and Follow us if you enjoyed this free post.
Short
by MachiavelliTrader
2