BNB Target got hit Mar 8th 2024The main target got hit!
We did trade it from the mid 250s at TTR, now I have exited 25% of my holdings.
Going to buy back at low to mid 300s after the halving event
Binancecoin
BNBUSDT.1DBased on the market data provided, BNB (Binance Coin) is currently trading at 485 USDT.
In the short term (4h chart), the RSI (Relative Strength Index) is at 75.27, which is considered to be in the overbought territory. This could indicate that a correction or a slight pullback might be in the offing. The MACD (Moving Average Convergence Divergence) is at 17.5, which suggests a bullish trend. The Bollinger Bands (BB) are at 495.0, with BNB trading below the upper band, indicating less overbought conditions.
The immediate supports for BNB in the short term are at 459.0, 426.0, and 406.0 USDT, while the resistances are at 495.0, 502.0, and 518.0 USDT.
In the medium term (1d chart), the RSI is at 78.0, which also indicates overbought conditions. The MACD is at 31.6, suggesting a bullish trend. The Bollinger Bands are at 495.0, again with BNB trading below the upper band.
The medium-term supports for BNB are at 397.0, 351.0, and 336.0 USDT, whereas the resistances are at 509.0, 543.0, and 575.0 USDT.
In the long term (7d chart), the RSI is at 86.19, indicating heavily overbought conditions. The MACD is at 44.5, suggesting a strong bullish trend. The Bollinger Bands are at 495.0, with BNB trading below the upper band.
The long-term supports for BNB are at 329.0, 300.0, and 210.0 USDT, whereas the resistances are at 509.0, 614.0, and 695.0 USDT.
In conclusion, BNB appears to be in a strong uptrend, but the overbought conditions indicated by the RSI in all time frames suggest that a pullback or correction is possible. It's important to watch the support and resistance levels for potential breakout or bounce. As always, it's recommended to keep an eye on market news and use proper risk management strategies when trading.
Will BNB try to break out?So, after 693 days BNB has reached the upper resistance of this huge channel and considering the bullrun has barely begun this will breakout. Also because Binance want his coin to fly so they'll deploy liquidity! And to be honest I'd be happy if they did because Binance ecosystem is really useful. The BSC is super cheap, I've been using it many times, I know it's not fully decentralized but at the end of the day I really don't care, I'm here to make profit not for the philosophy.
In case of breakout this is how I'd see this playing out (only pay attention to the trajectory, not the time):
Going back to W timeframe the RSI seems to be too much overbought but if OBV breaks out this should still fly. I wouldn't expect great ROI from BNB, it has a huge Market Cap, it'd be hard to do more than 3-4x to be honest, maybe less. In the short period, if OBV doesn't breaks out I expect a retracement!
Well that's it, I'm not trading it, I only use it to buy on the BSC. Use my TA as you like.
Good luck
C98/USDT Just HoldBINANCE:C98USDT
This idea has a medium-term profit target.
All targets are indicated on the graph.
- Risk 1% on deposit
- R/R 1/2
P.S (This is not an investment recommendation, this is my personal opinion.)
Will Binance Coin beat the Resistance line soon?30-min chart, BNB/USDT has a tendency to rebound to the Resistance line R - at around 361.5
Currently, it is trading in a a falling channel - between R and S lines.
Clear crossing and closing above 362 for 3 candlesticks will push the price to 377.8 - then extending to 389.1
Stop loss below Support line S
Bonk - New All Time High incoming?BONKUSDT finally broke the descending triangle after almost 2 months of consolidation.
The ideal would be for the price to retest and continue its upward movement, I am bullish wizards with altcoin season coming.
BNB Binance A perfect Target hit !!!This is as perfect as it gets!!!
The TTR target was hit to the penny!
I took off partial of my long-term holdings here. I will be adding at 340-320 level.
There is a potential of hitting 475+ if the price breaks out above today's high
BNB NEW UPDATE (4H)This analysis is an update of the analysis that you can see at the bottom of this page, in the related analysis section
In the previous analysis, we specified an invalidation level of 2.8% for BNB from the supply range and announced that if this level is touched, the analysis will be violated. The invalidation level was touched and the previous analysis was violated.
In the previous analysis for BNB, we imagined a diametric correction for wave B, but the correction was a triangle.
BNB has completed a wave A and a wave B. It is now expected to have an upward wave C while maintaining the green swap range.
Binance Coin - 10.000% RallyHello Traders, welcome to today's analysis of Binance Coin.
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Explanation of my video analysis:
After the break and retest on Binance Coin back in 2020 we saw an insane rally of +10.000% towards the upside. Recently BNB then broke out of a longer term triangle continuation pattern and can now potentially create a similar rally. I am now just waiting for a break and retest of the structure mentioned in the analysis and then I my first target is the previous all time high.
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I will only take a trade if all the rules of my strategy are satisfied.
Let me know in the comment section below if you have any questions.
Keep your long term vision.
HelenP. I Binance Coin can decline lower than trend line to $348Hi folks today I'm prepared for you Binance Coin analytics. A not long time ago price traded near support 2, which coincided with the support zone, but later it declined below this level to the trend line. After this, BNB turned around and started to rise to support 1, which coincided with one more support zone, breaking support 2 again. When it reached support 1, it soon broke this level and rose higher, but later price made a correction to support 1, and then some time traded near. A few moments later, BNB declined to the trend line, which coincided with support 1, and then made impulse up to 387 points, thereby breaking the 375 resistance level, which coincided with the resistance zone. Binance Coin some time traded near this zone, but a not long time ago it turned around and declined lower than the 375 resistance level, thereby breaking it one more time. Now, the price trades very close to the resistance level, and I expect that BNB will continue to decline to the support level, thereby breaking the trend line. For this case, I set two targets, the first target at the 360 level, which coincided with the trend line, and the second - at the 348 support level. If you like my analytics you may support me with your like/comment ❤️
Binance Coin can exit from pennant and rise to 270 levelHello traders, I want share with you my opinion about Binance Coin. Looking at the chart, we can see how the price a few time ago traded in a range, where it two time fell to the buyer zone, which coincided with the support level. In a second try, BNB rebounded from this zone and rose to the top part of the range, after which turned around and in a short time declined back, thereby exiting from range and breaking 297 one more time. Then the price started to rise in an upward channel, where soon, BNB rose higher than the 297 level and later made a correction movement to this level, which coincided with the support line of the channel. Next, the price bounced from this line and continued to move up in the channel to the resistance line, but when it reached this it, BNB rebounded, entered to the pennant, and made a strong upward impulse to the resistance line of this pattern, thereby exiting from the channel and breaking 350 level, which coincided with support area. But a not long time ago price rebounded from this line and declined to support area. At the moment, BNB trades near the resistance line of the pennant and I think that the price can fall to the support area and then continue to move up, thereby exiting from the pennant. For this reason, I set Take Profit at the 270 level. Please share this idea with your friends and click Boost 🚀
Filecoin - Another leg Up IncomingFILUSDT broke the descending trend line on January 27, then formed a symmetrical triangle on the 4H time frame and broke as well, will do another leg up if bitcoin allows.
BNBUSD (W) Will wave 5 happen ?BINANCE:BNBUSD
BNBUSD (W) Will wave 5 happen ?
BNBUSD (W) represents a digital currency generated by the BINACE exchange, fostering liquidity through transaction fees levied on retail investors. The question arises as to whether BNB can induce a surge in price amid a potential upswing in the near future, culminating in wave 5 prior to the next correction. Adhere to the strategy and remain vigilant for a favorable entry point should the market unfold as anticipated
BNB Feb 14 UpdateLooking for a strong close and 348 as the next target.
My ideal target stays the same $400, followed by a multi-month correction back to low 300s
FTMUSDT IMMENSE LONG POTENTIAL !FTMUSDT broke of a long downtrend and retested support successfully.
It is now setting up an optimal entry at a demand area that could potentially lead to large gains in the mid-long term, while the RSI is testing a new uptrend line after breaking a long term downtrend line and testing support.
Invalidation of this trade would be breaking and closing below this area while RSI breaks structure.
BNBUSDT - Price can turn around and start fall to support levelHi guys, this is my overview for BNBUSDT, feel free to check it and write your feedback in comments👊
When price entered to wedge, it at once made upward impulse from support line to resistance line, breaking $297 and $310 levels.
But soon, price turned around and made a correction to $297 level, after which it some time traded near this level.
Later BNB rose to resistance line, and then it in a short time declined to support line and then made upward impulse.
Price exited from wedge and soon reached $310 level, and broke this level, which coincided with support area as well.
Recently, BNB rose from this area and now it trades near, so I think Binance Coin can turn around and then start to fall to $310 level.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
BNB ANALYSIS (4H)BNB appears to have entered a diametric pattern which is now in the middle of wave C.
It is expected to move towards the specified targets to complete the C wave.
We marked the targets on the chart. We also specified the invalidation level, closing a daily candle above this level will violate the analysis.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank you
HelenP. I BNB can fall lower trend line and then make impulse upHi folks today I'm prepared for you Binance Coin analytics. If we look at the chart we can see how the price some time ago rebounded from the trend line and made a strong impulse up to the 288 support level, which coincided with the support area and soon broke this level. Later it made a retest and continued to move up to the 327 resistance level, which coincided with the resistance zone, and even rose to this zone, but soon BNB turned around and fell below and in a short time declined to the support level. After this BNB some time traded near the support level, after which it rebounded from this level and tried to grow to the resistance level, but failed and in a short time fell to the trend line and even lower than this line. But soon, the price turned around and started to trades near the trend line, but a not long time ago it fell back to this line and recently started to rise again. For my mind, Binance Coin will correct below the trend line, after which it turn around and make impulse up. That's why I set my target at the 315 level. If you like my analytics you may support me with your like/comment ❤️
BNBUSDT - Price can bounce from support line and start growHi guys, this is my overview for BNBUSDT, feel free to check it and write your feedback in comments👊
Some time ago price bounced from resistance level, which coincided with resistance area, and in a short time it fell to $290 level.
Then BNB some time traded between $318 and $290 levels, after which price fell to support line and started to grow.
Price rose to resistance area, but soon it turned around and made downward impulse to support area, breaking $318 level.
After this, price entered to triangle, where BNB bounced from support line and in a short time rose to resistance line.
Recently, price bounced down from this line to support line, where it continues to trades near.
Binance Coin can correct to support line, after which it bounce up to $315, thereby exiting from triangle.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
BTC - This is Why I Am Now Shorting Bitcoin...In this video, I delve into the considerations that led me to take a short position on Bitcoin at these specific levels. I want to clarify that I'm not advocating for others to follow suit in shorting Bitcoin; rather, I'm elucidating the rationale behind my decision. The video also touches upon the influence of the Dow Jones and Solana on this decision, and I present a slightly less optimistic perspective on BNB.
While the medium-term outlook still anticipates all-time highs, the short-term signals suggest a potential impediment to the crypto market's performance due to a looming recession. Despite this, I posit that ongoing stimulus measures during such economic events act as catalysts for the subsequent upward movement. It seems imprudent to adopt a bullish stance before a correction has run its course, underscoring the fundamental principle behind the formation of AriasWave.
BNB - Looking For Wave (C) Thrust To 20K...Based on the latest crypto analysis, I present my revised perspective on Binance Coin. The analysis suggests that the corrective phase of Wave (B) concluded in June 2022, finding support at $183.
Presently, we seem to be entering the initial phases of a 5-Wave Movement for Wave (C). Confirmation of Wave 3 initiation comes with a breach above $340. I consider the range between $183 and $340 as the optimal buying zone, and I anticipate the price to hover within this range, possibly until around April, influenced by the Bitcoin halving. During this period, it is advisable to employ dollar-cost averaging.
The 20K target is based on the measured move for the 10,000% upward movement observed in Wave (A). I will provide further updates as the accumulation phase gradually nears its conclusion.
BNB can rebound from the seller zone and start to declineHello traders, I want share with you my opinion about Binance Coin. Looking at the chart, we can see how the price some time ago rebounded from the resistance level and made an upward impulse to 332 points, but then the price rebounded down and started to decline in a downward channel, where it fell lower than 308 level, thereby breaking it. Next, the price fell to the support level, which coincided with the buyer zone, after which it bounced up from this level and rose higher than the resistance level, thereby exiting from the channel. But soon, BNB turned around and declined to the 290 support level. Then price made an upward impulse from this level and later started to trades inside the range. In range, BNB rose to 321 points, and then made a downward impulse to the support level, breaking the resistance level with the seller zone. Price fell to the buyer zone, after which it rebounded and rose to the seller zone, but recently it turned around and fell below. At the moment, Binance Coin trades near this zone and I think the price can grow to the resistance level and, or to the seller zone and then start to decline to the support level. For this reason, I set my target at the 290 level. Please share this idea with your friends and click Boost 🚀
BNB - WATCH OUT 👀 4h Support Breaks📉Hi Traders, Investors and Speculators of Charts📈
In the lower timeframes, sellers have taken control and the price is trading right on top of a very important support zone:
If we lose this support, the next likely bonce zone is only around 175:
From a macro timeframe, the technical indicator is still bullish (as long as the green trendline holds:
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