Trading Signal For BNBUSDT BinanceCoin Trading Setup:
There is a Trading Signal to Sell in BNBUSDT BinanceCoin (15m) (Futures)
Traders can open their Sell Trades NOW
⬇️ Sell now or sell on 601.2
⭕️SL @ SL: 612.3
🔵TP1 @ 562.2
🔵TP2 @ 540.6
🔵TP3 @ 507.1
What are these signals based on?
Classical Technical Analysis
Price Action Candlesticks Fibonacci
RSI, Moving Average , Ichimoku , Bollinger Bands
Risk Warning
Trading Forex, CFDs, Crypto, Futures, and Stocks involve a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results.
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BNB
BNBUSDT - Price can break resistance level inside rising channelHi guys, this is my overview for BNBUSDT, feel free to check it and write your feedback in comments👊
Recently price entered to falling channel, where it soon broke resistance level, which coincided with resistance area.
After this, BNB reached resistance line of channel and then bounced down to support line, breaking $604 level again.
Then price made downward impulse, exiting from falling channel and breaking $560 level.
But then, BNB turned around and started to grow inside rising channel, where it broke $560 level again and continued to grow.
Later price reached resistance line of channel, but at once bounced and fell to support line, where now it continues to trades near.
In my mind, Binance Coin can bounce up from support line of channel to $615, breaking resistance level.
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BNBUST | Short H4 | Market Exec |Technical Confluences for Trade:
- Stochastics are in Overbought Conditions on H4 time-frame
- Price action is close to a Resistance Trendline & a Consolidation are
- Price action may reverse back towards the previous Demand Zone
Suggested Trade:
Entry @ Area of Interest 560 - 570
SL @ 580.66
TP 1 @ 552 (Close Half-Position & move SL to Entry level once TP1 is achieved)
TP 2 @ 535.15
Risk-to-Reward @ Approx. 2.18 (Depending on Entry Level)
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Binance Coin - A 10.000% TriangleHello Traders and Investors, today I will take a look at Binance Coin.
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Explanation of my video analysis:
After the beautiful break and retest on Binance Coin back in 2020, we saw an insane rally of roughly +10.000% towards the uspide. Then BNB topped out in the beginning of 2021 and created a descending triangle formation. We saw a bullish breakout on Binance Coin just four months ago and maybe we can even see a similar move of 10.000% towards the upside from here.
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Keep your long term vision,
Philip (BasicTrading)
HelenP. I Binance Coin will continue to grow to $605 pointsHi folks today I'm prepared for you Binance Coin analytics. Some days ago price entered to consolidation, where it first rose to the resistance level, which coincided with the resistance zone, and then at once rebounded from to support level. After this movement, BNB turned around and made an impulse up to the resistance zone, after which it in a short time declined to the trend line, thereby exiting from consolidation and breaking 620 with 550 levels. Then the price turned around and rose higher than the 550 level, breaking it again, but soon fell back to the trend line, after which BNB made impulse up to almost the resistance level, finally breaking the 550 level. After this movement, Binance Coin turned around and in a short time declined to the trend line, breaking this line and fell to the support zone, after which it not a long time ago exited up, and now price trades near the trend line. For my mind, Binance Coin will little correct and then the price can continue to move up. That's why I set my target at 605 points. If you like my analytics you may support me with your like/comment ❤️
Binance Coin (BNB) UPDATE MAY 2024Hello Friends.
How are you?
today I wanna publish a new analysis of BNB
It's not financial advice. please just read and do based on your strategy.
Let me tell you something first. The market moved more than I thought. and it's really strange. when Bitcoin passed 42800 because Bitcoin did not react to this order block.
let's not go into details.
I used the Fibonacci channel. As you know, when we want to draw a channel, we need two points at the bottom and one point at the top.
so, I drew a channel line. and finally, the price succeeded in breaking the top of the channel.so I activated the second channel line.
we see the second channel line stopped the raising. and we had a very powerful pressure of selling. As a result, the price dropped to the top of the first channel line. and then the price raised to complete the pull-back to the broken midline and I expect to drop more.
the first target is around 226 USD the second one is around 85 USD and the last one will be 35 USD.
*** important notice:
Finally, wait until the price reaches $35. The price movement in recent months is not important to me because I believe that the price should reach around $35
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I'm still counting on my pre-analysis and I believe that the best place to buy and hold Binance-coin will be the 3rd one. and the price will touch that place at a few months later. I'm sure about that.
Please don't be fooled by Twitter and Instagram influencers. That's all.
please think about that carefully. and know that Opportunities in the market flow smoothly like a river.
Please don’t forget to write your comments ✍️✍️ like 👍👍 and Share 👌👌 this vision with your friends.
And Tell me do you agree with me or Not?
Please don't hesitate to write your comments below.
❤️❤️ Wish you the best ❤️❤️
Sincerely Yours
Ho3ein.mnD
BNB Faces Potential Sell-Off Following CZ's Sentencing TodayThe news of Binance's billionaire founder, Changpeng Zhao, being sentenced to four months in prison after pleading guilty to charges of enabling money laundering at his crypto exchange could potentially trigger a selloff in BNB.
This development raises concerns about the governance and regulatory compliance within the exchange, which may lead investors to reassess the risks associated with holding BNB.
Uncertainties surrounding the impact of Zhao's absence on Binance's operations and future prospects could further contribute to downward pressure on BNB prices in the near term.
My price targets are: $510, $425 and $315.
Binance CEO CZ Sentenced to Four Months in Prison, BNB Drops Binance's CEO Changpeng Zhao has been sentenced to four months in prison.
CZ Set to Spend Four Months in Prison
After pleading guilty to one count of violating the Bank Secrecy Act earlier in November 2023, the former Binance CEO in the person of Changpeng Zhao was sentenced to four months in prison by Judge Richard Jones for failure to establish robust anti-money laundering procedures. The judge rejected the DoJ's 36-month sentence request to reach to the decision. He said, "There needs to be an effort by this court to impose a sentence that's appropriate and reasonable."
Considering Changpeng Zhao pleaded guilty and cooperated with authorities, the Federal sentencing guidelines set a maximum sentence of 18 months — under normal circumstances, such a charge would carry up to 10 years in prison.
The Department of Justice requested a three-year sentence, arguing that the Binance founder willfully allowed illegal trades on the world's renowned crypto exchange Binance, failed to report thousands of suspicious criminal activities and garnered profits of around $1.6 billion from such transactions. In contrast, CZ's team requested probation and proposed house arrest as an option.
After the court hearing, Judge Richard Jones disagreed with the DoJ's request to extend the sentence to three years, stating, "There's no evidence that the defendant was ever informed of illegal activity," . In response, the Department of Justice argued that CZ was aware of illicit activity.
While the judge seemed to agree with the 10-16 months prison sentence and 1-3 years supervised release recommended by the Probation Office, the Department of Justice attorney argued otherwise. The Department of Justice stated that it would serve as an incentive for others to break the law on a large scale.
The defense attorney reiterated CZ's and Binance's compliance throughout the process. Binance agreed to pay $4.3 billion in fines, while CZ would pay $50 million — a fraction of his $33 billion net worth, according to Forbes.
After several exchanges, the judge rejected the DoJ's request for three years and sentenced CZ to four months in prison.
CZ's sentencing comes off the back of former FTX CEO Sam Bankman-Fried’s 25-year prison sentence for his role in the collapse of the FTX exchange.
In the forgeoing lawsuit, CRYPTOCAP:BNB is showing recovery signs after bouncing from a low of $556.20 to $570.60.
The general crypto market is gearing up to the news, considering CZ's and Binance's wide influence in the space. Many expect the crypto market to see a slight recovery from recent dumps following CZ's short sentence.
BNBUSDT.4HThe 4-hour chart for Binance Coin (BNB/USDT) shows that the price is currently oscillating within a relatively tight trading range. The price is currently at $569.6, with the chart indicating a primary resistance (R1) at $649.1 and a strong support (S1) at $490.8. A secondary support level (S2) is identified further down at $349.9.
The price has rebounded multiple times from the support level at $490.8, suggesting strong buying interest at this price point. Conversely, resistance at $649.1 has capped upward movements, indicating significant selling pressure at this level.
The RSI indicator is in the middle of its range at 36.25, suggesting a lack of strong momentum in either direction currently. The MACD is slightly below the signal line, indicating a slight bearish momentum but not significantly so.
For trading, watching how the price interacts with these key levels would be crucial. A break above $649.1 could signal potential for a further upward movement, possibly targeting the previous high near $645.2. Conversely, a break below $490.8 could lead to a test of the lower support at $349.9, indicating a stronger bearish sentiment. Traders might consider positions based on the breakout direction from these key levels, ensuring to use proper risk management strategies to protect against unexpected moves.
BNB/USDT 4HInterval Chart ReviewHello everyone, I invite you to a quick review of the BNB to USDT pair chart, taking into account the four-hour interval. As we can see, the price has broken down from the upward trend line, and now we can see that a local downward trend channel has formed.
Please note how the price remained in the support zone from $589 to $576, if this support was broken, the support level is still visible at $556 and then around $523.
Looking the other way, there is a significant resistance zone from $601 to $606, then the price must go up through the resistance at $621, which will open the way towards $645.
When we look at the RSI indicator, we will see a movement in the side trend channel, where we have bounced off the lower border, while the STOCH indicator indicates a potential upward movement, the beginning of which is visible on the chart.
Binance Coin can continue to decline to 565 support levelHello traders, I want share with you my opinion about Binance Coin. Looking at the chart, we can see how the price a not long time ago started to rise in the upward channel and soon broke the support level, which coincided with the buyer zone. Inside the channel, BNB rose to a resistance level, which coincided with the seller zone, and soon rose even higher, breaking the 616 level. But later BNB turned around and made a strong impulse down to the support level, exiting from the upward channel and starting to trades in a triangle. In this pattern, the price soon broke the 565 support level and declined to the support line, but BNB at once turned around from the support line and in a short time rose to a higher support level, breaking it again. Next, BNB continued to move up and later reached the resistance level, after which rebounded and declined lower the support line, thereby exiting from the triangle pattern. Now price continues to decline and in my opinion, Binance Coin can make a small move up and then continue to decline to the support level. For this case, I set my target at the 565 support level. Please share this idea with your friends and click Boost 🚀
BNBUSDT - Price can make small move up and then continue fallHi guys, this is my overview for BNBUSDT, feel free to check it and write your feedback in comments👊
A not long time ago price declined to support level, which coincided with support area and at once bounced up.
When BNB reached resistance line, it turned around and in a short time declined below $537 level.
But then, price turned around and started to grow inside rising channel, where BNb broke $537 level one more time.
Later, price rose to $605 level, and even soon entered to resistance area, where BNb some time traded.
After this, BNB bounced from this area and declined lower $605 level, breaking it and recently even exiting from rising channel.
Now, I think that Binance Coin can make small move up and then continue to decline to $555
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BTC/USDT 4HInterval Chart ReviewHello everyone, let's look at the 4H BNB to USDT chart, as we can see the price has been moving in a sideways trend channel for a long time and currently we can see the price moving near the upper border of the channel, which is staying just above the local uptrend line.
Let's start by setting goals for the near future that we can include:
T1 = $594 - $611
T2 = $635
AND
T3 = $662
Now let's move on to the stop loss in case of further market declines:
SL1 = $570
SL2 = $542
SL3 = $519
AND
SL4 = $492
When we look at the RSI indicator and the STOCH indicator, we will see that there is still room for a continuation of the current downward movement.
BNBUSDT → Buyer interest. Coin rises in a falling market BINANCE:BNBUSDT looks more confident on the D1 chart than the whole market and even more confident than bitcoin, which continues to lose ground, testing 64K. If BNB breaks resistance, it could provide good momentum.
After a strong rally, the price stops and forms a sideways range for two months. Local preconditions are forming for the coin to be ready to go up. These preconditions are mainly based on the fundamental background related to the activity of Binance management. An ascending triangle is forming on H4, which indicates strength and clear buying interest.
Resistance levels: 619.7
Support levels: MA200 & MA-50, 588.0
The trigger to the beginning of the momentum and active distribution may be the break of resistance 619-620. Intermediate target is 700.
Regards R. Linda!
HelenP. I BNB can break resistance level and continue to growHi folks today I'm prepared for you Binance Coin analytics. Some time ago price made a little movement down and then turned around and made a strong impulse up to 645 points, breaking the resistance level, which coincided with the resistance zone. But later BNB turned around and in a short time declined to the support area, which coincided with the support level, breaking the 612 level one more time. Then BNB rebounded from the support zone and rose to the resistance zone, but when it entered to this area, the price at once rebounded and made a correction movement. After this Binance Coin in a short time rose back to the resistance area and then made a strong impulse down to the trend line, which is located below the support zone. After this movement, BNB started to rise between the trend line and soon reached the resistance level again, breaking the 524 support level again. At the moment, the price continues to trades near this resistance level and I expect that BNB will break the resistance level, make retest, and continue to move up near the trend line, therefore I set my target at the 645 level. If you like my analytics you may support me with your like/comment ❤️
$BTC bearish continuation#bitcoin price is declined hard from the top of the falling channel and 66600 #usd (getting more interesting) resistance zone. Now, #btc has weakened structure in short term.
Chart formed bearish head and shoulder pattern. I expect bearish continuation with choppy moves , dead cat bounces etc. The target may the bottom of the channel 57 - 58K zone. Also there' s nice liquidations there.
If #btcusd price follows this path, #altcoins will surely suffer more. When most of #altcoin prices retraces to their retest zone of 2023 October - 2024 march bull run, then i expect very favorable bounces from #alts there. We may see a minor #altseason when this happens. But i say "minor".
Not financial advice. DYOR.
BNBUSDT.4HIn the 4-hour chart for Binance Coin (BNB/USDT), BNB is trading within a range, with price action fluctuating between support and resistance levels. The resistance (R1) at $652.6 represents the upper boundary of the range, while the support (S1) at $496.1 acts as the lower boundary. There's an additional support level (S2) at $349.9, marked by earlier price interactions.
The current price is at $606.1. The RSI is at a neutral 58.56, suggesting that there's room for movement in either direction without being in the overbought or oversold territory. The MACD is hovering around the signal line, indicating a balance between buyers and sellers with no clear momentum.
For traders, watching for a breakout above R1 could provide a bullish signal, while a break below S1 might suggest bearish momentum. The strategy could involve entering trades following a bounce from S1 or a breakout above R1, with appropriate risk management measures such as stop-loss orders. Confirmation from trading volume would strengthen the signal for entry.