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Binance Coin (BNBUSD): Very Bearish Outlook! Here is Why: Binance coin is trading in a bearish trend this year. After a sharp bearish move, the market retraced to a solid daily resistance. Growing steadily within a rising parallel channel on 4H, the price broke its support line once the underlined zone was reached. I believe that the coin will keep falling now. Goals: 297 288 ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
BINANCE:BNBUSDShort
by VasilyTrader
7
Binance Coin Peaked vs Bitcoin?On the chart above I highlighted multiple bearish candles... The last one is very telling with increasing volume to break below EMA10, EMA50 and EMA21. This can lead to lower prices... Binance removed RSRBTC without notice. Even removed it from the delisting page... Money gone, no excuses, no explanation, no warning, no reason, no time to prepare... The same with other pairs. I withdrew all of my Bitcoins from this exchange. Very bad for business I guess. Namaste.
Short
by MasterAnanda
7
BNB: INDEED A PERFECT BOUNCE.Hello traders and welcome to this BNB update once again. If you are new to my community then a warm welcome to you on behalf of all my members and professional traders. In this community, I share updates related to the crypto market including margin trading, futures, spot, and scalping. My comments box and DMs are absolutely free for new ideas and suggestions. So, feel free to interact and share your ideas. You can be a professional trader, a noob, or anything, we are all here to learn and I believe that we can help each other. Alright, then, let's get back to the chart. BNB broke out, retested, and bounced back successfully. I am expecting a rally towards $400 soon. Meanwhile, BNB may drop a little close to $325 (which will be a good entry position) and gradually rally higher. The support line is at $320 and BNB must hold this level. I am still holding my 50% position on BNB and will accumulate more if it dips. Trade setup: Entry: $320 to $326 Stop loss: $300 Target: $360, $380, $400. Trade safely.
BINANCE:BNBUSDLong
by Dexter_The_Trader
BNB: A PERFECT BOUNCE OR A FAKEOUT???Hello and welcome to this BNB update in 3 hours TF. If you are viewing my post for the first time then do not forget to like and follow. I share updates on the crypto market including margin trading, futures, spot, and scalping. All ideas are my biased opinion and I invest at my own risk. I don't force anyone to buy or sell, I simply share my ideas absolutely for free and it is your sole decision whether to trade on them or use them to understand the market. BNB has formed an ascending triangle pattern which usually is a bullish pattern. BNB broke out, retested, and currently bouncing back perfectly from the support level. Is this a bullish confirmation? To some extent, yes, it is a bullish confirmation but considering the dominance and BTC price movement, it is always wise to wait or trade with a close SL. I am already long on BNB at around $305 and I will continue to hold it until it breaks down below the ascending triangle support level which is at my entry-level. On the other hand, if BNB is bullish then we can expect a rally up to $350 to $400. What do you think about the current price movement on BNB? Let me know in the comments. Thank you, guys, for your support.
BINANCE:BNBUSDLong
by Dexter_The_Trader
BNB/USD: short positionI see a short position in Binance coin right now in H4 timeframe. Also, I will keep this trade until $206 USD, that will be my psychology target profit for this cryptocurrency. Also to share in my analysis, I see that MACD indicator make in the bar chart a higher low in the indicator indicating weakness in the market and also, continue the bearish trend. Depending how the Daily candlestick closed up today, if closed up bearish signal, it's a good potential to short BNB in this timeframe and follow the trend toward $206 USD. I will replace this rade for Oil price that drop and got some loss in my trade and swing trade, for that, I decide to closed up as I know that Oil will crash to $100 USD. Good luck!!!
BINANCE:BNBUSDShort
by harisonhbn9718
1
BNBUSDT - Short Term AnalysisCHART PATTERN: The pair appear to be creating an ascending triangle and be prone to a new downturn. We will likely see BNB try the 312 level once more before having any kind of breakthrough. OSCILLATORS: Stochastic and RSI are rapidly approaching oversold areas hinting a possible an upward rally in the next few hours/days. LIKELY SCENARIOS: - OPTIMISTIC - If the new attempt at 312 level will be successful BNB is likely to rally to 337 level before encountering resistance. Likely if BTC or ETH will soon start to gain traction. - PESSIMISTIC - If BNB will be rejected we will likely see a pretty huge dump to 267. Likely if new news about regulation and oversight will appear in the immediate future - INDECISIVE - Both the chart and the market in this period are very undecisive so there is also a non small chance that the pair will keep trading between 312 and 267 while the market in general decide its direction. Likely if nothing major happens and the market just keep idling in the wait of a sign.
by BurningStacks
#BNB in a $50 Range, Prices Remain in a Bear Breakout FormationPast Performance of BNB The BNB price is posting higher highs but is within a bearish breakout formation. The immediate resistance line is $320—marking May 11 highs. How BNB reacts at this level may define the short to the medium-term formation, even propping bulls after last week's dumps. #BNB Technical Analysis From the daily chart, BNBUSDT prices are consolidating above $220 and $270—the immediate support level. In the $50 trade zone, aggressive BNB sellers may unload on every pullback below $320 from an effort versus results perspective since price action is within the May 11 bear bar. On the flip side, a solid close above $320 may be the foundation for a refreshing leg up to $360 in a possible retest. Based on the formation in the daily chart, risk-averse traders may wait for clear price definitions. Losses below $270 may lead to more price dumps towards $220, continuing the primary trend set in motion on May 9. What to Expect from #BNB? Prices are within a $50 range, with support and resistance at $270 and $320. Losses below $270 would make the recent pullback a dead cat bounce, fanning more losses, possibly below H2 2021 lows. Resistance level to watch out for: $320 Support level to watch out for: $270 Disclaimer: Opinions expressed are not investment advice. Do your research.
Long
by Bitcoin_Analyzer
BNB-A Good chance for reversal?Hello everyone In the past couple of days we have seen a new face of the crypto market. Daily chart of BNBUSDT shows,a bear trend taking place and for today's bar so far we have a pinbar. Now you may think "It's a good time to buy", NO.After a bear trend this steep, with this much volatility and fear? Anyway,pinbar is a good signal but a really bad context.In lower time frames,we have the micro channels forming.If you are a trader and not an investor, you know what to do. For now. we have the support levels of 200$,225$ and 260$ which is more likely to break and for resistance we have the top line of the bear channel and key level of 300$.
by HubAlgo
3
Elliott Wave Analysis: BNBUSD Has An Unfinished Wave CHello Crypto traders! Today we will talk about Binance Coin - BNBUSD, its price action from technical point of view and wave structure from Elliott Wave perspective. BNBUSD is trading in a big A-B-C zig-zag correction from May 2021 highs and it looks to be unfinished. In May 2021 we saw sharp and impulsive decline, which should be labeled as a first leg A. From May till November 2021 we have seen a three-wave corrective rally in wave B and since November 2021 it's trading now in wave C. Wave C is a motive wave and it should be completed by a five-wave cycle. If we consider that May 2021 lows is still open, then current sideways consolidation could be easily just as part of subwave (4) correction before we will see another sell-off for the final wave (5) of C towards 250-200 strong support zone. Trade well! If you like what we do, then please like and share our idea. Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
BINANCE:BNBUSDShort
by ew-forecast
2
BNB/USDT : Broke below the support zone! BINANCE:BNBUSDT Hello everyone 😃 Before we start to discuss, I'll be so glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it! $BNB has broken below the demand zone and now it's retesting the broken zone. The mentioned zone has held the price above $300 for more than 280 days and it's finally got broken! Not so sure about the market's current bias; But I'm going to locate my Short based on PA we have here. But there're a few factors that we need to look for : - The Stop-loss should be managed by active management, Because we had the stop-hunt above the last master candle earlier. - Entry should be located into the broken support zone. - Don't use High leverage. - Don't engage more than 3% of your portfolio. Hope you enjoyed the content I created, You can support us with your likes and comments! Attention: this isn't financial advice we are just trying to help people with their vision. Have a good day! @Helical_Trades
Short
by Helical_Trades
10
Binance Coin Price Analysis — May 6Binance Coin has had nothing short of a roller-coaster price action over the past 48 hours. Following the US Fed rate decision on Wednesday, the market recorded a sharp rally, peaking at the $413 top. However, the market took an unexpected dive in the following hours, sponsored by the stock market. The crash recorded yesterday set BNB on course to its lowest point since March 16, as the cryptocurrency tapped the $370 low. As we head into the weekend, we can anticipate more volatile moves for the fourth-largest cryptocurrency, with a possibility of tapping the $350 low. Meanwhile, my resistance levels are $380, $400, and $410, and my support levels are $365, $350, and $340. Total Market Capitalization: $1.65 trillion Binance Coin Market Capitalization: $61.6 billion Binance Coin Dominance: 3.73% Market Rank: #4
BINANCEUS:BNBUSD
by Mr_Wogbe_Alex
🐳BNB: channel or wedge? Doesn't matter. Wait for the trap!🚩All the financial markets fell yesterday. $340M of longs were liquidated only on the crypto market. Binance Coin(BNB) is pumping yesterday because of Binance and Musk deal on Twitter. Lots of traders were traped and as we see on the volume indicator someone had a good sellout also🐳 In this idea I will show 2 different alternative scenarios for the price. 🔶Channel. We should note the price movement in the channel, where the 6 test of the lower boundary can happen at $330-340. This scenario is unlikely, but it is worth showing. 🔶Falling Wedge. The price has been in a downtrend for a month and 1.5 years in a global consolidation. After the trap for traders on touching the upper boundary of the channel/wedge, a similar trap can be expected when the lower boundary of the wedge will be broken and false brakout heppen. ✅On a false breakout, watch for: 1. price reaction, draw a local trend line to open a trade on the breakout 2. volumes should grow as shown in the example. Fuel for the UPTREND move will be short traders who will open trades on the breakout 3. for profitable trade Bitcoin should also show strength, because all altcoins, including Ethereum, BNB repeat its movements. Use risk and money management and do not forget to use different trading tools! Press the "like"👍 button, write comments and share with your friends - it will be the best THANK YOU. P.S. Personally, I open an entry if the price shows it according to my strategy. Always do your analysis before making a trade.
by Yuriy_Bishko
8