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Binancecoinusdt

Binance Coin BNB Intraday Trade SetupBinance Coin is in the bullish territory in the H4 chart. A bullish break-out of $603 will offer more upside towards $619 where the price action will be key. A re-test of $590 followed by a bullish rejection will lead to a bullish move towards $619 and, possibly, higher to $646-$658. An inability to sustain price action above $590 will result in a range-bound price action towards $577 and lower to $565, the key intraday support. Find more info in signature.
Long
by Trade-Lean
Cryptolean Binancecoin BNB UpdateDaily Chart Binancecoin is neutral in the daily chart and teasing the top of the daily range zone at $589. An inability to break $589 to the upside will push BNB price towards $480, however the price action towards $480 will be slow and choppy. If Binancecoin is unable to maintain price above $480, the daily support zone (marked grey) we will see BNB in the bearish zone with price declining towards $421 and, likely, lower to $302-$352. The interaction with $302-$352 zone will be very important and could lead to a bullish rejection. In the bullish scenario from its current price, a daily candle closure or, even better, several closures above the key resistance of $589 are required for Binancecoin to have another bullish extension: first, to $647 and, then higher, to $717-$766. Boost once read! Thank you.
by Trade-Lean
Binance Coin BNB Technical Analysis [April 2024]BNBUSD Weekly Chart Conditions for a Bullish Scenario In the weekly chart, BNB is lingering around the key weekly support zone at $577 (or the range of $563-$597). It has to maintain the price action and weekly candle closures above this zone, preferably above $597 to remain in the bullish territory. A price consolidation above $597 will push BNB towards the next weekly resistance zone around $509 and, possibly, higher to $738-$800, the new All Time High. A weekly candle closure below $577 zone (or below the bottom of the zone at $563) in the weekly chart will not necessary make Binance Coin bearish, but will: 1. place BNB price into the wide weekly range zone where we will see slow and choppy price action; and 2. increase probability for a further decline towards $509 and, most likely, lower to $440 region, the key weekly support. BNBUSD Daily Chart Conditions for a Bullish Scenario In the daily chart, Binance Coin has to maintain the price action above the zone around $589 (marked grey) to become bullish to move towards the key daily resistance of $717 and higher towards $830. Binance Coin price can decline more from its current location towards $534. A bearish break-out of this level will push the price towards $480. The price action with $480 will be very important as a rejection of this support will lead to a bullish move towards $589 and could complete the ABC correction started on March 16. Once the bearsih pullback in BNB price chart is completed, I expect to see a continuation of a bullish rally. A strong bullish break-out of $589 from its current price location is not very likely and BNB has to complete the corrective structure (triangle, flat) before moving further up. However, the completion of this corrective structure could be very fast. BNBUSD Daily Chart Conditions for a Bearish Scenario Right now the sentiment in the daily chart is neutral and it will remain neutral as long as BNB is trading below $589. A deeper pullback is likely and the price action with $480 zone will be very important. A bearish break-out of the key support zone around $480 and the dynamic support in the form of 50-Day Moving Average will place BNB into the bearish territory and we see an impulsive move towards $421 and, lower, to the key daily support zone at $352. As long as BNB is trading above $480, the bearsih scenario is irrelevant. Binance Coin BNB: A Short-Term Price Action After testing the top of the second key support zone at $539, BNB found a base in the between $552 and $561. Yesterday, we saw a bullish reaction to this support zone, which is an expected price action. BNB price can push back to $586, the key intraday resistance. The price action with these resistance level will be very important. A bearish rejection of either of these levels could send price for a re-test of the second zone between $529 and $539, and possibly even lower to $504. In the alternative scenario, we need to see a strong bullish break-out of $586. In this case, the price will move to $607. BNB will become bullish in the 4-Hour chart only upon reclaiming $607 level.
by Trade-Lean
BNB to see price rejection at recent lower highPrice action edged closer to the recent high, near $328. A move above the FVG zone ($331.5 - $333.7) and a lower high on 1 & 2 May could see a sell-off. The likely drop could hit the support zone of $316 - $320 (cyan). The support has been steady since mid-March. A close above the lower high ($336) will be an invalidation. Entry: $331.5 (FVG’s lower boundary) Target: $320 (support zone’s upper boundary) Stop-loss: $336 (lower high on 1 & 2 May) RR (Risk-Reward): 2.5
Short
by AMBCrypto_TA
1
MASKUSDT Possible long ideaThe MASKUSDT has a lot of strength right now, in addition to the buying volume that has increased in the last few days, we can see that it brokeout the triangle and the SMA of 50 and the SMA of 20 on the daily timeframe, in addition to that it made a bullish engulfing exactly at the bottom of the triangle, confirming the signs of a rise in that zone. At the moment it is making a movement correction, which in my view can have 2 possible scenarios, either it will start to show exhaustion when touching the upper part of the triangle, or it will retest the SMAS of 20 and 50.
Long
by The_Trading_Wizard_
BNBUSDTHello Crypto Lovers, Mars Signals team wishes you high profits. We are in the 4-hour time frame. The price has fallen down to the support line and has been supported. We expect the price to go up to the confluence of the two resistances and then fall back down to the support zone. If the resistance area is broken the price will go up. Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions. Wish you luck
Short
by MarsSignals
BNBUSDTHello Crypto Lovers, Mars Signals team wishes you high profits. We are in the daily time frame. The green line was the resistance line which is now broken and is turned into the support line. The price is now below two resistance areas and is likely to come down to the support line. If it breaks the resistance zone, it will go up and we will update our analysis. Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions. Wish you luck
by MarsSignals
4
BNBUSDTHello Crypto Lovers, Mars Signals team wishes you high profits. We are in the 4-hour time frame. R1 was previously the support line which is now broken and is turned into the resistance. It has received support at the S1 zone. We expect it to make a pullback to the confluence of R1 and R2 and then fall more. If it is able to break that area, it will move higher. Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions. Wish you luck
Short
by MarsSignals
2
BNBUSDTHello Crypto Lovers, Mars Signals team wishes you high profits. We are in the daily time frame. The price has broken the R1 resistance. We expect it to completely break the R1 resistance, stabilize above it, and move toward the R2 resistance. S1 and S2 are the support areas but it is most likely for the price to go up and not down. Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions. Wish you luck
by MarsSignals
BNBUSDTHello Crypto Lovers, Mars Signals team wishes you high profits. We are in the 4-hour time frame. The price has created the S1 support line. We expect it to fall down to this line once more. As long as it is not able to break the R1 line which it has hit several times, it will not be able to move up to R2. If the S1 line is broken, the S2 zone will be the next area of support. So we need to wait for the price to break one of these lines to be able to decide more easily. Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions. Wish you luck
by MarsSignals
BNBUSDTHello Crypto Lovers, Mars Signals team wishes you high profits. We are in the daily time frame. The price broke the R2 line, made its pullback and then went down to the S1 zone. There is also a green line showing another support area. It is likely for the price to make a pullback to the R1 line and then fall. If S1 is lost, it can go further down. If it holds, the first target would be R1 and the second one would be R2. Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions. Wish you luck
by MarsSignals
2
BNBUSDTHello Crypto Lovers, Mars Signals team wishes you high profits. We are in the daily time frame. As you can see the price is still inside the bearish channel of the flag pattern. The price is fluctuating between the R1 and S1 line. We need to wait for the price to either go to S1 to buy or wait for it to break R1 and buy for the top of the channel which is $697. You need to wait for the price to break R1 and stabilize above it to set a buy order yet those who want to take risks can buy here or also when the price reaches S1 for the R1 line. We personally do not risk buying here. You had better wait for the price to break either R1 to buy it or wait for the break of S1 to short it. Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions. Wish you luck
by MarsSignals