BNBUSDT moving below $533CRYPTOCAP:BNB has made a significant rise during the last days and a lot of interest exists in its charts.
At this BINANCE:BNBUSDT 4h chart we can see that CRYPTOCAP:BNB is moving right below the level of $533 (Support 1).
If it keeps moving there, we are going to see even a drop to Support 2 - $464 - and there it will be retested again.
There is a lot of fear in the market right now and investors are afraid to buy.
Given that, it is more likely that we are going to see a drop to Support 2 than a breakout of Support 1.
BNB
Cryptolean Binancecoin BNB Update Binancecoin declined from the key resistance zone of $635-$660.
A sustained price action below $529 will push #BNB price lower to $455-$477.
A daily candle closure above the key daily resistance zone of $635-$660 is required for another bullish extension towards $716, the new ATH.
Intraday Chart
The BNBUSDT intraday chart is in the bearish territory below $548.
A re-test of the resistance zone of $463-$487 and a bullish rejection will lead to a bullish rally to $548.
A solid bullish break-out of $548 will push price higher towards $600.
A bearish break-out of $463-$487 will lead to a dip towards $407-$433 and, possibly lower.
BNBUSDT - Price can fall little more and then bounce up to $562Hi guys, this is my overview for BNBUSDT, feel free to check it and write your feedback in comments👊
Recently price has grown in rising channel, where it reached resistance line, after which it made correction.
After correction, BNB bounced up from support line to resistance level, which coincided with resistance area.
Soon, BNB broke this level, exited from channel, and started to trades in flat, where it two times reached top pattern.
Later, price turned around and in a short time declined below $562 level and also soon broke it, thereby exiting from flat too.
Also then, BNB continued to fall and now I think that Binance Coin can fall a little more and then bounce up to $562 level.
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BNB: Pullback in UptrendTrade setup : Price is in an Uptrend. It briefly broke above $600, however, it got very overbought (RSI > 80!) and was rejected at that resistance on some profit taking. Now we look for the right entry opportunity in Uptrend.
We wait for price to either 1) break back above $600 to signal continuation of uptrend, with +10% upside potential to $670 next, or 2) pull back near $500 support for another swing trade entry in Uptrend with +20% upside potential back to $600.
Trend : Uptrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Bullish but inflecting. MACD Line is above MACD Signal Line and RSI is above 55 but momentum may have peaked since MACD Histogram bars are declining, which suggests that momentum is weakening.
Support and Resistance : Nearest Support Zone is $500 (previous resistance), then $400. The nearest Resistance Zone is $600, then $670.
CAKE - Good Short Trade #CAKE/USDT #Analysis
Description
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+ Cake is showing overall weakness as it recently formed a lower low.
+ There is a good opportunity for short trade as the overall market is looking bearish
+ We can enter a short trade once the price breaks the support.
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VectorAlgo Trade Details
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Entry Price: 4.192
Stop Loss: 4.563
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Target 1: 3.958
Target 2: 3.761
Target 3: 3.426
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Timeframe: 4H
Capital Risk: 1-2% of trading capital
Leverage: 5-10x
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Enhance, Trade, Grow
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VectorAlgo
Binance Coin can break resistance level, and continue to growHello traders, I want share with you my opinion about Binance Coin. Observing the chart, we can see that the price some time ago rebounded from the support level, which coincided with the buyer zone and started to grow, but soon price made a correction to this level, after which BNB continued to move up. Soon, the price turned around and made a fake breakout of the 402 level and then it turned around and started to grow in an upward channel, where BNB soon broke the 402 level one more time and then continued to grow. In the channel, the price rose to the resistance level, which coincided with the seller zone and even broke this level, after which it reached the resistance line of the channel, thereby exiting from the seller zone also. But soon, BNB turned around from this line and in a short time declined to support line of upward channel, breaking the 586 level. At the moment, Binance Coin trades near this line, and in my opinion, BNB can rebound up from the support line to the seller zone, thereby breaking the resistance level. After this, Binance Coin can make a retest and then continue to grow in an upward channel, therefore I set my target at the 645 level. Please share this idea with your friends and click Boost 🚀
#GAMEFI is a winning Crypto category along with #AI & #MEMESTherefore will produce the best returns
(along with #DEFI again)
To simplify investing
how do we take advantage of #CZ being forced to step down, fined, publicly flogged
His crime running the best crypto business in history.
Invest in a #BSC project that could 10X in rapid fashion
Got the best ticker
on CZ's public blockchain
and can be bought with a DEX on pancakeswap
***** I just found this , and I am ignoring the rapid price runup
this is not the time to be looking for DEEP pullbacks
PANCAKESWAP #CAKE Bull Flag pointing to ~ $7Cake is the yield farming incentive token and major LP pair on Pancakeswap
And was a major winner in the last cycle
People were buying Rolex's off cake rewards from pools alone!
So it's bear market is clearly over.
And the chart appears a #DEFI season is upon us.
Current price action suggests a Bull flag.
Entry points matter - but bull markets correct mistakes if you are long.
Good luck to all.
The key is whether the reported price (ATH) can be renewedHello traders!
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(BNBUSDT 1M chart)
It has risen above 533.9 and continues to rise to renew the new high (ATH).
Accordingly, the key is whether it can rise above 1 (730.5).
If not, and it falls, you should check if it is supported around 533.9.
(1W chart)
I believe that the 573.0-649.5 section corresponds to the psychological volume profile section.
Accordingly, the key is whether the price can be maintained by rising above 649.5.
(1D chart)
If the price maintains above 573.0-649.5, it is expected to rise above 730.5.
If it falls,
1st: 522.0
2nd: 427.2
You need to check if you receive support near the 1st and 2nd levels above.
If the price holds above Fibonacci 1 (730.5), the next target is expected to be 1.618 (1057.2).
It may swing up and down to rise to around 1057.2, but I think it is highly likely that it will eventually touch it.
BNB is one of the coins whose circulation volume is reduced through periodic buybacks.
Therefore, I think it is a coin that can be used for mid- to long-term investment.
These mid- to long-term investment coins can be purchased at a low price and held as is.
However, if possible, when a large upward trend appears to be coming to an end, I think it is a good idea to increase the number of coins corresponding to profit by selling only an amount equivalent to the purchase principal.
If you sell the amount of the purchase principal, the average purchase price of the remaining coins is 0, so there is no risk of long-term holding.
Therefore, purchase principal * 1.1 = amount to sell
(Example) If you multiply the purchase principal by 1.1, you will sell 10% more of the purchase principal.
As above, it is recommended to multiply it by about 1.1 and cash out more than the purchase principal.
Have a good time.
thank you
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- The big picture
The full-fledged upward trend is expected to begin when the price rises above 29K.
This is the section expected to be touched in the next bull market, 81K-95K.
#BTCUSD 12M
1st: 44234.54
2nd: 61383.23
3rd: 89126.41
101875.70-106275.10 (when overshooting)
4th: 13401.28
151166.97-157451.83 (when overshooting)
5th: 178910.15
These are points that are likely to encounter resistance in the future.
We need to see if we can break through these points upward.
Since it is thought that a new trend can be created in the overshooting area, you should check the movement when this area is touched.
If the general upward trend continues until 2025, it is expected to rise to around 57014.33 and then create a pull back pattern.
1st: 43833.05
2nd: 32992.55
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BNBUSD: Can it reach $15000 during this Cycle?Binance Coin has become overbought on the 1D timeframe (RSI = 85.874, MACD = 52.260, ADX = 67.821), even the 1W RSI (85.874) is off the charts, and it is natural since it is on a hyper strong rally that is approaching its All Time High. The 1W MA50 will now support throughout the whole parabolic rally and the ramainder of the Bull Cycle, as it did in the two Cycles prior.
The peaks can be caught very effectively by the Sine Waves and the next is expected to be towards the end of 2025. Every High has been a +0.5 Fibonacci higher, the next is 2.0, so a new peak around 15000 shouldn't be considered unrealistic at all for the coin of the world's largest exchange.
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BNB/BTC - BNB: BBand Breakout◳◱ On the $BNB/ CRYPTOCAP:BTC chart, the Bband Breakout pattern suggests a consolidation phase that could precede a trend continuation or reversal. Traders might observe resistance around 0.007471 | 0.008373 | 0.009799 and support near 0.006045 | 0.005521 | 0.004095. Entering trades at 0.006758 could be strategic, aiming for the next resistance level.
◰◲ General info :
▣ Name: BNB
▣ Rank: 5
▣ Exchanges: Binance, Kucoin, Gateio, Hitbtc
▣ Category/Sector: Financial - Smart Contract Platforms
▣ Overview: Binance Coin is digital asset native to the Binance blockchain and launched by the Binance online exchange.
◰◲ Technical Metrics :
▣ Mrkt Price: 0.006758 ₿
▣ 24HVol: 484.938 ₿
▣ 24H Chng: 7.338%
▣ 7-Days Chng: 14.59%
▣ 1-Month Chng: 51.24%
▣ 3-Months Chng: 91.56%
◲◰ Pivot Points - Levels :
◥ Resistance: 0.007471 | 0.008373 | 0.009799
◢ Support: 0.006045 | 0.005521 | 0.004095
◱◳ Indicators recommendation :
▣ Oscillators: NEUTRAL
▣ Moving Averages: STRONG_BUY
◰◲ Technical Indicators Summary : BUY
◲◰ Sharpe Ratios :
▣ Last 30D: 8.06
▣ Last 90D: 4.83
▣ Last 1-Y: 0.98
▣ Last 3-Y: 0.63
◲◰ Volatility :
▣ Last 30D: 0.56
▣ Last 90D: 0.54
▣ Last 1-Y: 0.46
▣ Last 3-Y: 0.79
◳◰ Market Sentiment Index :
▣ News sentiment score is N/A
▣ Twitter sentiment score is 0.58 - Bullish
▣ Reddit sentiment score is 0.95 - V. Bullish
▣ In-depth BNBBTC technical analysis on Tradingview TA page
▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated!
◲ Disclaimer
Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk.
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BTC Leads, ETH follows, Altcoins right behind, true?We hear that CRYPTOCAP:BTC runs 1st.
Then CRYPTOCAP:ETH follows.
Then #altcoins lag showing the biggest gains.
Let's see how true that is
Early 2021 Chart:
1 Extended #BTC a little bit more on the left to show that there was a run already in progress.
2 #Bitcoin led the rally & it also TOPPED earlier.
Took #ETH a little longer to run. It topped later. It also sold off faster than its counterpart.
-----------------
CRYPTOCAP:BTC hit a mid April peak
CRYPTOCAP:ETH hit a mid May peak
ETH fell faster & coincided with BTC on all bottoms, shown in the yellow box.
#Ethereum resumed run was bigger, but was in conjunction with #Bitcoin.
#BTC made a higher high on this run.
However, while the #ETH run was bigger, peaking a month later both times, it made a lower high.
-----------------
CRYPTOCAP:ETH bottomed right above 1k in Mid June - July & tested this in Nov.
CRYPTOCAP:BTC bottomed at a lower price in November.
Both put higher lows in the middle of March.
Since then:
#ETH has done a 4x!
#BTC has done 4.5x & has new ATH!
The #Bitcoin performance is pretty much the same but the technical is better.
#Ethereum is still under the ATH & resistance is currently stopping.
***So far:
The early 2021 run shows CRYPTOCAP:BTC was a clear leader, topped before $ETH.
Later in the year, #BTC peaked first BUT did manage to make another high while #ETH did not.
During bear market, the clear performer was #ethereum. It managed to bottom first, before BTC.
#Bitcoin has similar performance in returns in similar time frames but has been more impressive technically.
***
-----------------
CRYPTOCAP:TOTAL 3 = NO CRYPTOCAP:BTC or CRYPTOCAP:ETH
#altcoins follow similar trajectory to #ETH in early 2021 but outperformed it by a very good amount.
The second half of #altcoinseason wasn't as strong as the first half but still outperformed #ethereum & coincided with patterns again.
Smaller caps weakened first showing a loss for risk appetite.
-----------------
#Altcoins perform more like CRYPTOCAP:BTC come August 2022.
CRYPTOCAP:TOTAL 3 bottomed a month AFTER #BTC. This is shown in the yellow box.
Since then, as a whole, smaller caps have severely underperformed #bitcoin
& #ethereum by 50%!
Granted, those in the right sectors have done well. Sectors like #AI #CryptoGaming & #memecoin.
-----------------
CRYPTOCAP:BTC is at an ATH
CRYPTOCAP:ETH is 20% away from its previous all time high.
CRYPTOCAP:TOTAL 3 = is a whopping 50% from its all time high!
*******Conclusion*******
Not sure of the narrative being pushed for the last 2 years is correct. At least in reference to #altcoins as a whole.
If you're in right sectors, yes, it is great! However, looking at the the data shows that most previous winners are severely lagging.
Examples are CRYPTOCAP:BNB CRYPTOCAP:SOL CRYPTOCAP:AVAX BIST:LINK
Hope you enjoyed this & get something out of it.
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HelenP. I BNB can rebound up from trend line and then fallHi folks today I'm prepared for you Binance Coin analytics. Some time ago price reached the support zone, which coincided with support 2, and soon broke this level, but later BNB fell back. After this, the price broke support 2 again and then rose a little higher, but soon the price turned around and made an impulse down to the trend line, breaking support 2 one more time. When the price fell to the trend line, it turned around and at once started to move up and soon reached support 2 and broke it again. Next, the price continued to move up to support 1, which coincided with one more support zone. And when BNB reached this level, the price broke it and entered to the support zone, but soon BNB made the correction below. After correction, BNB some time traded below support 1 and later finally broke it again and even rose higher than the support zone, but a not long time ago price fell back. At the moment, BNB trades near support 1, which coincided with the trend line inside the support zone and I expect that Binance Coin will rebound up from the trend line and then fall lower than this line and support 1, thereby breaking them. That's why I set my target at the 500 level. If you like my analytics you may support me with your like/comment ❤️
BNB price is preparing for a strong growth soon ?The year 2023 was not the best for Binance and CZ, if we analyze the news background, lawsuits, fines, etc.
But everything seems to have "calmed down and stabilized"
The other day, there was another burning of BNB worth more than $600 million. Now, 154 million of the 200 million coins that were in circulation at the beginning are in circulation. Almost half of the planned amount was burned (ultimately, only 100 million BNB should remain in circulation).
It seems to us that a good "window of opportunity" is now opening up to drive the BNBUSDT price to the range of $520-540.
There you can sell a little BNB to cover the "expenses" of the past year)
_____________________
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BNB/USDT 4HInterval Support and ResistanceHello everyone, let's look at the 4H BNB to USDT chart as we can see that the price has broken out of the local uptrend line.
Let's start by setting goals for the near future that we can include:
T1 = $575
T2 = $618
T3 = $649
AND
T4 = $689
Now let's move on to the stop-loss in case of further market declines:
SL1 = $512
SL2 = $484 - $469
AND
SL3 = $425
Looking at the RSI indicator, we can see that we have again approached the downward trend line and there is still a lot of room for recovery, while the STOCH indicator, despite the current rebound, also has a lot of room for recovery.
BNBUSDT - Price can bounce up from support level to $560Hi guys, this is my overview for BNBUSDT, feel free to check it and write your feedback in comments👊
A not long time ago price entered to rising channel, where it bounced from support level and rose to resistance line of channel.
After this movement, BNB turned around and ina short time declined to support line of channel and soon broke it.
Price left rising channel, broke $392 level, and declined lower, but soon it turned around and started to move up in new channel.
In this channel, BNB broke $392 level again and later reached $508 level, which broke soon too, and then made retest.
Then price tried to rise more, but failed and now trades very close to support line of rising channel.
In my mind, Binance Coin can decline to support level, after which it bounces up to $560
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BNB: Resistance BreakoutTrade setup : Price broke above $500 resistance to signal continuation of uptrend, with +20% upside potential to $600. Stop Loss (SL) level at $450 for a 2:1 Reward-Risk-Ratio (RRR).
Trend : Uptrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55).
Support and Resistance : Nearest Support Zone is $400 (previous resistance), then $350. The nearest Resistance Zone is $500, which it broke, then $600.
Cryptolean Binance Coin BNB UpdateAs expected, yesterday Binance Coin had another bullish impulse and broke through the key daily resistance of $529.
A daily candle closure above $529 will increase a probability of a continuation of a bullish move up towards $586 and higher towards $600.
An inability to sustain could lead to a re-test of $477.
Intraday Chart
The BNBUSD intraday chart is bullish and the last 4-Hour candle broke through $526 resistance.
A sustained price action in the 4-Hour chart above $526 will push Binancecoin price towards $552 and higher.
A bearish break-out to $526 will lead to a dip towards $506 support that could lead to a bullish rejection.
BNB will follow BTC. A strong bearish rejection of $69,654-$73,422 in the BTCUSD daily chart will lead to the weakness of the whole Crypto market and Binance Coin won't an exception.
Like once read.
Thank you!
BNB promising cup and handle patternThe BNB/USDT pair is currently displaying a promising cup and handle pattern on the daily time frame, suggesting a potential bullish reversal. This classic chart pattern typically signifies a period of consolidation followed by a breakout to the upside.
With the cup and handle formation in play, there's a strong possibility of a continuation of the upward trend, potentially targeting around $455 USD for BNB. This target is derived from the pattern's measured move, projecting the expected advance after the breakout.
Moreover, the MACD indicator is indicating a forthcoming bounce, adding further confirmation to the bullish outlook. The convergence of positive signals from both the price pattern and the momentum oscillator enhances the probability of an upward momentum surge.
If the short-term trendline is breached and the cup and handle pattern is confirmed, it could act as a catalyst for a substantial upward move. Traders and investors alike may anticipate a significant rally, leveraging the breakout to capitalize on potential gains.
In conclusion, the technical setup for BNB/USDT appears highly favorable, with the cup and handle pattern, coupled with a potential MACD bounce, indicating a bullish trajectory. Confirmation of the breakout could trigger a notable surge in price, with $455 USD emerging as a viable target for the upward movement.