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BNB

BNB/USDT 1HInterval ChartI invite you to review the BNB chart. And here we can start by defining the downtrend line with the yellow line, then we can use the blue color to mark the upward trend channel in which the price moves at the lower border. Let's now move on to the trend based fib extension grid, thanks to which we can see how the price is struggling with the support at $311, after breaking out from the bottom we can see support at the price of $304, and the support zone from $299 to $293 will be more important. Looking the other way, we can use the mesh to check the places of resistance. And here we can see effective resistance at the price of $318, but when the price overcomes it, we can see an increase towards the strong resistance zone from $332 to $339. As for the RSI indicator and the STOCH indicator, similar behavior can be seen here as in the case of BTC and ETH, because exceeding the upper limit on the STOCH indicator resulted in a rebound on the chart and the RSI indicator.
by cryptodailyuk
Binance Coin can rise to 322 points, breaking resistance levelHello traders, I want share with you my opinion about Binance Coin. Observing the chart, we can see that the price a few days ago started to decline inside the downward channel, where it soon fell to the support line, thereby breaking the 316 resistance level, which coincided with the seller zone. After this price declined lower than the support level, which coincided with the buyer zone, but soon rebounded back and rose to the resistance line of the channel. Next, BNB declined lower 298 level again, started to rise, and later exited from the downward channel, thereby breaking the 298 support level again. Price rose to the seller zone, where it reached the resistance line of the wedge and then made a downward impulse from it to the support line, making a fake breakout of the resistance level. After this, BNB bounced from the support line and made a strong upward impulse to the seller zone again, where it some time traded and then turned around and fell back. Binance Coin declined to support line and a not long time ago it rose to a resistance level, and tried to break it, but failed. Now, the price continues to trades very close to this level and I think that BNB can decline to the support line and then make impulse up to the resistance line, thereby finally breaking the resistance level. For this case, I set my target at the 322 level. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
Binance's Resurgence: $5 Billion Inflow and 30% BNB SurgeBinance, the global cryptocurrency exchange that recently weathered regulatory storms and underwent leadership changes, is experiencing an extraordinary resurgence. With a remarkable $5 billion net inflow within two months of settling with US authorities, the platform has not only showcased resilience but has also outperformed its rivals, signaling a strong comeback under the leadership of CEO Richard Teng. The Inflow Surge: Since the settlement on November 21, where Binance admitted guilt to charges like money laundering and sanctions evasion, the platform has witnessed an impressive $5 billion net influx. The month of January alone has seen a staggering $3.5 billion inflow, marking the highest for any month since at least November 2022, according to DeFiLlama data. Binance Coin ( CRYPTOCAP:BNB ) Soars: Despite regulatory challenges, legal battles, and a multibillion-dollar penalty, Binance's native exchange token, Binance Coin ( CRYPTOCAP:BNB ), has outperformed broader markets with an impressive 20% surge since November 21. As of the latest update, CRYPTOCAP:BNB is trading at $314.9, reflecting a monthly surge of over 32%. CEO Richard Teng's Leadership: The resurgence of Binance is not without its challenges. Under the leadership of CEO Richard Teng, the exchange is facing hurdles such as establishing a global headquarters, appointing a board, and selecting an independent monitor for three years. These tasks are crucial for Binance's long-term stability and compliance with regulatory requirements. Regulatory Challenges and Global Expansion: Binance's lack of full licenses in key crypto hubs like Singapore, Dubai, and Hong Kong, coupled with a lawsuit from the US Securities and Exchange Commission (SEC), underscores the regulatory challenges the exchange still faces. The recent crackdown by Indian authorities, blocking access to Binance and other offshore exchanges, further emphasizes the risks associated with operating without official approval. Positive Market Response: Despite these challenges, Binance's recent success indicates a positive market response to the changes implemented post-settlement and the overall recovery of the cryptocurrency sector. As the exchange navigates the complex regulatory landscape, industry observers are keenly watching its ability to sustain this momentum. Conclusion: Binance's resurgence stands as a testament to the resilience of major exchanges and their adaptability to evolving regulatory landscapes. As Binance continues to redefine its position in the ever-changing crypto market, the crypto community eagerly awaits further developments, making the exchange's journey a compelling narrative of triumph over adversity.
Long
by DEXWireNews
1
BNB: Bullish FlagTrade setup : Following a bullish break above $300 key level, price reached as high as $338 but got very overbought (RSI > 80). Now it’s consolidating in a Bullish Flag pattern, which is a continuation pattern that typically resolves in a bullish breakout in the direction of the existing Uptrend. We wait for a breakout to confirm the Uptrend, with upside potential to $350 thereafter. Pattern : Bullish Flag pattern. Short term small rectangle trading range between diagonal parallel lines. It moves counter to the prevailing price trend observed in a longer time frame on a price chart. It forms typically following a sharp advance and often indicates a small change in direction (or areas of consolidation) before the previous trend resumes. Flag pattern is among the most reliable continuation patterns that traders use because it generates a setup for entering an existing trend that is ready to continue. Trade is initiated on a breakout, if it is in the same direction as the prevailing trend. Also, with bullish flag patterns, traders prefer a breakout with an increase in volume but it isn’t a must. Trend : Uptrend across all time horizons (Short- Medium- and Long-Term). Momentum is Mixed as MACD Line is below MACD Signal Line (Bearish) but RSI > 55 (Bullish). MACD Histogram bars are rising, which suggests that momentum could be nearing another upswing. Support and Resistance : Nearest Support Zone is $300 (previous resistance), then $260. The nearest Resistance Zone is $350.
Long
by altFINS
BNB/USDT Short-Term 1HHello everyone, let's take a look at the BNB to USDT chart on a one hour time frame. As you can see, the price is moving above the local uptrend line. After unfolding the trend based fib extension grid, you can see support at $311, and then a support zone from $299 to $293. Looking the other way, strong resistance appears at $324, followed by a resistance zone from $338 to $345. The RSI indicator is recovering with room for further decline, while the STOCH indicator has a temporary rebound, which keeps the price falling.
by cryptodailyuk
BNB IS VERY BULLISH (1W)Previously, for BNB, we considered a diametric, but the conditions of the waves are such that it seems that we are inside a triangle. It seems that we are now in the final wave of this triangle, the E wave. Based on the signals we have on the chart, we think $207 is the absolute bottom for BNB! By maintaining the key level, which is $207, it can move towards the targets. Our stop is the close of two weekly candles below $207. Further confirmation is when RSI resistance is broken above
CRYPTO:BNBUSDLong
by behdark
2
BNBUSDT.1DBased on the provided market data, BNB (Binance Coin) is currently trading at USDT 317.0. In the 4-hour chart, the Relative Strength Index (RSI) is at 67.22, which is near the overbought territory (70), suggesting that the coin might be overpriced and a price correction could be due. The Moving Average Convergence Divergence (MACD) is 2.8, indicating bullish momentum. The Bollinger Bands are at 319.0, with the coin trading below the upper band, suggesting less volatility. The immediate resistance level is at 318.0, and if it breaks this level, it could potentially head towards the next resistance levels at 327.0 and 340.0. The support levels are at 304.0, 290.0, and 284.0. In the daily chart, the RSI is at 65.93, indicating that the coin is near the overbought territory. The MACD is at 8.3, indicating a bullish trend. The Bollinger Bands are at 326.0, with the coin trading below the upper band, suggesting less volatility. The immediate resistance level is at 340.0, and if it breaks this level, it could potentially head towards the next resistance levels at 352.0 and 388.0. The support levels are at 310.0, 300.0, and 258.0. In the 7-day chart, the RSI is at 69.19, indicating that the coin is near the overbought territory. The MACD is at 13.3, indicating a bullish trend. The Bollinger Bands are at 335.0, with the coin trading below the upper band, suggesting less volatility. The immediate resistance level is at 350.0, and if it breaks this level, it could potentially head towards the next resistance levels at 396.0 and 440.0. The support levels are at 245.0, 185.0, and 200.0. Based on this data, BNB is currently in a bullish trend, but is nearing overbought conditions. There could be a potential price correction in the near future. As always, it is recommended to closely monitor the market conditions and make investment decisions accordingly.
by MarsSignals
1
BNBUSDT - Price can continue to decline in falling channelHi guys, this is my overview for BNBUSDT, feel free to check it and write your feedback in comments👊 A few days ago price traded in support area, which coincided with $271 level, after which it made strong impulse up. BNB broke $271 level and reached $310 level, which coincided with support area, and soon price broke this level too. Next, price started to decline in falling channel, where later BNB broke $310 level again and declined to support line. But soon, price bounced from this line and made upward impulse back, breaking $310 level one more time. Also recently, BNB made little correction and continued to grow to resistance line of falling channel. So, I think Binance Coin can finally reach this line and then bounce down to $300, breaking support level. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Short
by WalterMoon
1
BNB Technical Analysis• The primary trend for BNB is bullish. Following its encounter with resistance, it has initiated a corrective wave. • Presently, a correction is apparent, taking the shape of a descending channel. • It is anticipated that the price will continue to oscillate within the upper and lower bounds of this channel. • Should reversal patterns emerge, the main bullish trend is expected to resume. Conversely, if the lower support zone is breached downwards, the Binance Coin trend will shift to bearish. (All analyses will be updated) This analysis is informational, not financial advice.
by MonoCoinSignal
Analysis of BNB/USDT: A Promising Bullish Flag Formation Today, I'd like to bring your attention to the Binance Coin (BNB) against the US Dollar (USDT) pair, as it presents an intriguing opportunity. Technical Analysis: Currently, BNB/USDT is exhibiting a classic bullish flag pattern on the daily timeframe. The price action has been consolidating within a well-defined channel, forming a flagpole followed by a narrowing flag. This pattern often suggests a temporary pause in the prevailing uptrend before a potential continuation. Key Levels and Entry Point: As of the latest analysis, the price is hovering in the range of $304 to $307. This range acts as a potential entry point for a long (buy) position. Traders could consider initiating their positions within this range, anticipating a breakout to the upside. Targets: The price targets for this potential upward move are identified as follows: $310 $320 $330 $340 These levels represent potential resistance zones that could act as profit-taking targets. It's essential to monitor the price action and adjust the strategy based on the market's evolving conditions. Risk Management: While the bullish setup is promising, it's crucial to implement sound risk management strategies. Consider placing stop-loss orders below key support levels to mitigate potential losses in case the market takes an unexpected turn. Conclusion: In conclusion, the BNB/USDT pair is currently displaying a compelling bullish flag formation on the daily timeframe. Traders may find favorable entry opportunities within the $304 to $307 range, targeting potential resistance levels at $310, $320, $330, and $340. Keep a vigilant eye on the price action, implement risk management measures, and adjust the strategy as the market unfolds. Best of luck with your trades!
Long
by Cryptoscalper7
BNB: Pullback in UptrendTrade setup : Following a bullish break above $300 key level, price reached as high as $338 but got very overbought (RSI > 80). Now it’s pulled back to $300 support, retesting that breakout level, which could be an attractive swing trade entry in Uptrend, with upside potential to $350. Stop Loss (SL) level at $285 (10% downside risk versus 20% upside potential for a 1:2 Risk-Reward Ratio). Trend : Uptrend across all time horizons (Short- Medium- and Long-Term). Momentum is Mixed as MACD Line is below MACD Signal Line (Bearish) but RSI ~ 50 (Neutral). Support and Resistance : Nearest Support Zone is $300 (previous resistance), then $260. The nearest Resistance Zone is $350.
Long
by altFINS
BNB/USDT 1DIntervalBNB/USDT on a one-day time frame. We will start by identifying a downtrend line from which we can see how the price has gone up and is currently struggling to stay above this level. Moreover, at this point we can see the formation of the Cap and Handle formation, which is characterized by a first large and a second smaller low, after which an upward price break can be observed. Moreover, the recent declines were caused by the bombardment of the media with negative information about the Binanc exchange, which lowered the valuation of the BNB token. Going further, when we unfold the fib retracement grid, we will see that the price has been rejected by a very strong resistance zone from $319 to $351, but if we return to it and the price goes up, the path towards the next significant resistance around $443 will open. Looking the other way, we will define the places of support in a similar way. And here we can see the first support at the level of $286, then we can determine the second support at the level of $253.7, which could potentially fill the formation. However, if the formation is broken, we still have a very strong support zone from $231 to $202. Please look at the RSI indicator, which shows a rebound towards the upward trend line, while the STOCH indicator shows a strong downward movement, which resulted in a small price movement on the chart, but there is still room to deepen the correction.
by cryptodailyuk
BabyElon - MemeCoin Gem - 1000XGreetings Everyone, Today we would like to bring to your attention a MemeCoin for which we see a 1000x potential. BabyElon - The Next Crypto Leader! The project token called BabyElon was launched only 9 days ago on BinanceSmartChain. Since the launch, it put it's ATH of 5x yesterday and has been consolidating around 4x. > The project has a GT score of 69/100 on GeckoTerminal which is far better than a lot of the other new pools that get created every few minutes. > The website of the project very clearly shows all the relevant links and addresses for Presale, Locked LP, Locked Tokens, Ownership Renouncement along the CA Audit. > The project team and community on has been actively healthy. > The team has also announced that listings fees have been paid for 10 T1 exchanges and announcements are coming from tomorrow. All these factors indicate of good intentions of the team that are basis of making the project potentially successful. The current MarketCap is only $3.5M and with potential of memecoins we have seen so far, this can grow in multitudes very rapidly specially if volume starts to flow potentially from 10 new exchanges. If the team is dedicated and community is strong to build up the momentum, this can grow to - $35Million then - $350Million and then - $3.5Billion in a very short span of days and weeks. This coin has a potential to hit 10x, 100x and 1000x from this level but only time will tell. Please FOLLOW to stay up to date! Note: This is not financial advise and shall only be used for educational and/or entertainment purpose. Please do your own research before investing. Crypto Markets are highly volatile and you are responsible for the risk of losing your entire investment.
B
by figuring_out_the_dream
BINANCE BNB About To Fall Off The TableBNB has formed this giant descending triangle which is a very bearish setup. BNB went up 700x from its lows to $700. That type of move requires a much larger correction consolidation. BNB will fall like DOGE did after its massive run up before its next move up. BNB may not participate in this bull market and have to wait till next bullmarket if it survives. When something goes from 90 cents to $700 in such a short period of time that sort of move is not sustainable. BNB is extremely overvalued. Its not a representation of the value of Binance but rather just a token that its only use is to trade on Binance and the coins on Binance Smart chain, which arent that special. BNB is way overvalued in my opinion. A massive correction is on the way. Some type of news will come out to make this happen probably after a fake out breakout of this triangle in a couple weeks to a month. Also theres still 50 million coins left not in circulation. Thats 25% of the total supply. The RSI has hit the bullsh control zone and failed to break it. Last time this happened and BNB got rejected at the Bullish control zone was back in November 2021 when it dropped so fast and hard your head spun. The STOCH RSI is also pointed straight down on the weekly. Not financial advice just my opinion. This was the DOGE chart I made back in December of 2021 when everyone called me crazy. The move played out exactly as I predicted. You should go read some of those comments, they are humorous to say the least.
BINANCE:BNBUSDShort
by Bitgolder
2
Binance Coin can reach resistance line of channel and start fallHello traders, I want share with you my opinion about Binance Coin. Observing the chart, we can see that the price not long time ago made a strong upward impulse to 336 points, thereby breaking 326 and 297 levels. After this, BNB started to decline inside the downward channel, where it at once, after a strong impulse up, made a correction movement to the support line from the resistance line of channel, thereby breaking the resistance level, which coincided with the seller zone. Also, in the channel, the price made a fake breakout of the resistance line, after which it made an impulse down and continued to decline in the channel. Later, BNB rose to the resistance level again, and even tried to break it, but failed and in a short time declined to the support level, which coincided with the buyer zone. Near this level, BNB two times declined to the buyer zone, even declined lower this zone, and at the second try price turnaround and made a strong impulse up to the resistance line of the channel, which continues close at the moment. So, I think Binance Coin can reach this line and then start to decline to the support level. For this case, I set my target at the 305 points, which coincides near with the support level. Please share this idea with your friends and click Boost 🚀
Short
by LegionQ8
2
🌟🔍 Binance Coin (BNB) Post-Pump Analysis and Strategies 📈🛑 🔺 BNB's Current Consolidation: After a significant pump from the entry point of $250, BNB is now in a resting phase. The next upward movement could potentially commence from around $350. 📊 Weekly RSI Approaching Overbought: The Relative Strength Index (RSI) in the weekly timeframe is nearing overbought territory, suggesting a possible rally towards $350. 🔐 Personal Holding Strategy: I am continuing to hold my previous BNB purchases and not moving my stop loss. I believe our entry point is strong, and in the event of a downturn, I plan to hold through for a potential bull run. 📈 Futures Trading Strategy: For futures, a long position can be considered after surpassing $324, but a large stop loss might not be advisable. 💼 Holding Without Profit Booking: I am not planning to book profits on my holdings as of now. 🚨 Market Caution: The overall market is at a point where a correction is likely, so it’s important to trade with proper capital management and definitely set stop losses. 🔑 Related Categories: Binance Coin (BNB) Post-Pump Behavior RSI Analysis Holding and Trading Strategies How are you adjusting your strategies in response to BNB's recent movements and the overall market situation? Are you holding, trading, or reassessing your positions? Share your approach! 💬🌐 #BNBStrategy #CryptoTrading #TradeCityPro 📚 Remember: Cryptocurrency markets are volatile. Always ensure to manage your investments wisely and stay informed about market trends! 🧠💼
Long
by tradecitypro
10