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BNB

BNB: Resistance BreakoutTrade setup : Price remains in an Uptrend. After consolidating in a Bullish Flag pattern, price broke out in the direction of the existing Uptrend and reached our target of $400 for a +30% gain. Price has also broken above $400 resistance; however, it is now very overbought (RSI > 75), Hence, near-term, we’re likely to see it pause here on some profit taking. We would patiently wait for a pullback opportunity for a swing trade entry in Uptrend. 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 Bullish (MACD Line is above MACD Signal Line and RSI is above 55). Support and Resistance : Nearest Support Zone is $350 (previous resistance), then $300. The nearest Resistance Zone is $400, which it broke, then $450.
Long
by altFINS
Massive bull run has started!In this article you will know what is the targets for BTC ETH and BNB for the bull market. The current Bitcoin market cycle has proven to be one of the most intricate to decipher, catching even the best crypto traders off guard. The skepticism persisted until the price surpassed $15,500, with many traders and bloggers only seriously considering the possibility of a bull market after Bitcoin broke $52,000 several days ago. It's understandable, as many crypto trading strategies hinge on trend analysis, and until the price exceeds the all-time high (ATH), the prevailing sentiment often leans toward a bear market. This reliance on historical trends can be a lagging indicator of a trend change, emphasizing the need to stay present in the current market moment and comprehend unfolding events. Bitcoin The AI trading bot on the Skyrex crypto trading platform made a significant move, shifting to bullish settings when Bitcoin broke the $32,000 mark. From our perspective, this should have marked the end of bearish expectations. Now, let's delve into what to anticipate from Bitcoin in the near future. Examining the Elliott wave structure for Bitcoin on the monthly time frame, the Awesome oscillator, in tandem with waves, forms a robust trading crypto strategy. The maximum value of the Awesome oscillator aligns with the top of wave 3. Despite a reactive wave 4 retracing to $15,500, it didn't overlap the top of wave 1, preserving the core Elliott waves axiom. While the price is anticipated to break its all-time high soon, a potential bearish divergence may arise as the new Awesome oscillator top is lower than the previous. The target zone for wave 5 is $79,000, calculated based on the distance between wave 1's bottom and wave 3's top, measured from wave 4's bottom. A bearish reversal bar with divergence is expected in this zone for a potential reversal. Ethereum ETH mirrors a similar wave structure to BTC, currently attempting to breach the 0.61 Fibonacci retracement zone. This breakthrough could propel Ethereum to new ATH, with the target for the last wave set at $5,700. Observing the price action when ETH reaches this level will provide further insights. Binance Coin Despite the FUD surrounding Binance exchange, BNB emerged as one of the strongest assets in the bear market, concluding its correction earlier than the broader crypto market. The Elliott waves structure here closely resembles that of ETH and BTC, with the final target for wave 5 set at $870. Best regards, Skyrex team
Long
by Skyrexio
3
Binance Coin can correct to support line and then rebound upHello traders, I want share with you my opinion about Binance Coin. Looking at the chart, we can see how the price some days ago started to trades in an upward channel, where it first rebounded from the resistance line and fell to the buyer zone, which coincided with the 301 support level. After this, BNB bounced up and some time traded near the 301 level, after which it made a correction back to the buyer zone. Soon price backed up and a few time traded between the support level, after which it reached support line of the channel and made a strong upward impulse to the resistance line of the upward channel. BNB rolled down from this line and declined to 345 points, after which it turned around and started to rise to the current support level, which coincided with the support area. In a short time later, BNB reached this level, and broke it, thereby exiting from the upward channel and continuing to move up near the support line. Now, the price trades near the support line and I think that Binance Coin can correct to this line and then continue to rise higher. For this case, I set my target at the 430 level. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
1
BNB/USDT 4h ChartI invite you to review BNB in a four-hour interval. As can be seen at the beginning, the price is again approaching the upper limit of the ongoing upward trend channel, which may limit the upward movement. In this situation, we will deploy the trend based fib extension tool, thanks to which we can mark a very strong resistance zone from $402 to $411, which is the upper border of the channel, which again may be a big limitation for further growth, but if the price positively overcomes the resistance zone, further we can see a rapid increase to around $438. Looking the other way, we can similarly identify support areas where the price could potentially end its recovery. And here we should take into account a small zone from $385 to $380, and then we can see how the price may return to the level of $369. When we look at the RSI indicator, we can see that there is still room for growth, while the STOCH indicator again exceeds the upper limit, which previously resulted in the suspension of growth and recovery.
by cryptodailyuk
2
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.
Long
by behdark
5
BNBUSDT - Price can continue to grow to $400 in rising channelHi guys, this is my overview for BNBUSDT, feel free to check it and write your feedback in comments👊 Recently price entered to rising channel, where it some time traded near support level, which coincided with support area. One time, price fell to support area, but soon turned around and made upward impulse higher than resistance line of channel. After this, BNB in a short time declined to support line of channel, making fake breakout and then bouncing up to $366 level. Soon, BNB broke this level, which coincided with support area, and rose to resistance line, but recently fell back. Also, price bounced up and now it continues to grow in channel, that's why I think that BNB can little correct and then rise to $400 If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
1
JUST IN: Judge fines #Binance $4.3 billion in US plea $BNB**Breaking News**: In a **stunning blow** to the cryptocurrency giant, **Binance**, a U.S. judge has **slammed down a record-breaking $4.3 billion fine**. The verdict comes after Binance **pleaded guilty** to **serious violations** of anti-money laundering regulations and sanctions protocols. 🚫💰 The once-prominent exchange, known for its global reach and massive trading volumes, now faces a **financial tsunami** that could **ripple through the crypto market**. The judge's ruling sends a clear message: **no one is above the law**, not even the behemoth of digital currencies. As the news reverberates across the financial world, Binance's CEO, Changpeng Zhao, is reportedly **reeling from the blow**. The company's reputation, once untouchable, now lies in tatters. Investors are **dumping their holdings**, fearing further repercussions. The crypto community, once fervently loyal, is now **questioning its allegiance**. The $4.3 billion fine is a **crippling blow**. It's not just a monetary penalty; it's a **symbolic gut punch**. Binance's empire, built on the promise of decentralization and financial freedom, now stands on shaky ground. The judge's gavel has shattered that illusion, leaving behind a trail of uncertainty and doubt. And what about the millions of users who trusted Binance with their hard-earned funds? They're left wondering: **Is this the end of an era?** Will Binance survive this unprecedented setback? Or will it become a cautionary tale for the crypto industry? As the dust settles, one thing is certain: the crypto landscape will never be the same. The **mighty have fallen**, and the echoes of this judgment will resonate for years to come. Brace yourselves, fellow investors, for the storm is here, and it's named **regulation**. 🌪️📉 Sources: 1. (www.msn.com) 2. (variety.com) 3. (www.cnbctv18.com) 4. (www.techtimes.com) Sursă: conversație cu Bing, 24.02.2024 (1) Judge Approves Binance’s $4.3 Billion Settlement For Anti-Money ... - MSN. www.msn.com (2) Binance, world's largest crypto exchange, to pay $4.3 billion fine as .... bing.com (3) Binance to Pay $4.3B to Settle Money-Laundering Charges, CEO Resigns. variety.com (4) Binance to pay record $4.3 billion fine for breaking US anti-money .... www.cnbctv18.com (5) Binance to Pay $4.3B for Sanctions, As US Judge Approved Plea Deal. www.techtimes.com
Short
by TheTraderrr
1
💡Don't miss the great buy opportunity in BNBBTC %66My friends, I am intensively working on BNB. You can also review my previous analyses regarding BNB. I hold a positive view on BNB. The ecosystem is expanding, the BNB staking in launchpads, Binance's dominance in the sector, and the token burning policy until it drops below 100 million—all these factors are positive for BNB. As you can see, my past predictions have never been wrong. Now, I am expecting a 66% increase with a 5% risk factor. My expectations are actually higher, but this is what I can share with you.
Long
by srmustafabas
Binance Coin - 10.000% RallyHello Traders, welcome to today's analysis of Binance Coin. -------- 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. -------- 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.
CRYPTO:BNBUSD
by basictradingtv
11
BNB/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this BNB/USDT update from Crypto Sanders. Chart Analysis:- Hello friends, what do you think after seeing the chart? Please comment on the BNB WEEKLY update. Surprisingly, Binance Coin is the best performer on our list after increasing its price by 6% this week and hitting a new yearly high. The bias is bullish, but current market sentiment may temper expectations of higher price levels. For this rally to continue, buyers need to push BNB above 377 and claim this level as key support. This will open the door to higher prices due to which this cryptocurrency can break above 400. Binance Coin could make new highs if buyers remain determined. Failure to sustain above 377 could lead to price correction towards 330 or 300. I have tried to bring the best possible results in this chart. If you like it, hit the like button and share your charts in the comments section. Thank you.
Long
by CryptoSanders9563
1
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 ❤️
Short
by FirstNameHelen
1
The Dawn of a New Bull Season: BNB's Breakout Towards the FibonaThe Dawn of a New Bull Season: BNB's Breakout Towards the Fibonacci Golden Zone In the ever-evolving landscape of digital currencies, BNB is currently at the forefront of an anticipated market trend, hinting at the beginning of a new bull season. This potential shift comes after a period where BNB, unlike its rivals BTC and ETH, which have successfully surpassed their Fibonacci Golden Zones, struggled to establish a solid foundation for a bull run. However, the tide seems to be turning for BNB, especially with its valuation against Bitcoin showcasing a significant breakout from its previous downward resistance. BINANCE:BNBUSDT Couldn't Hold Its Support while BTC and ETH did Hold Navigating Through the Bear Season BNB's path through its bear season has been markedly different from that of BTC and ETH. While these cryptocurrencies have managed to breach and advance beyond their Fibonacci Golden Zones, BNB has grappled with establishing a consistent bull season support line. This struggle has been a point of contention for BNB, underlining the significance of its recent move towards the Fibonacci Golden Zone. BITSTAMP:BTCUSD Broke Its Fibonacci Golden Zone BINANCE:ETHUSD Broke Its Fibonacci Golden Zone A Shift in Market Dynamics The landscape is now changing for BNB. Its recent breakout against Bitcoin's valuation marks a pivotal development, suggesting a robust shift in market dynamics. This breakout from the downward resistance is critical, as it not only signifies a reversal in trend but also sets the stage for BNB to retest its broken trend line. This retest is crucial, as it could potentially catapult BNB into a significant upward trajectory. BINANCE:BNBBTC Bear Channel Broken The Importance of the Fibonacci Golden Zone The Fibonacci Golden Zone plays a vital role in this narrative, serving as a key indicator for potential market reversals. For BNB, approaching this zone is more than a mere technical milestone; it represents a potential turning point that could reaffirm investor confidence and signify the start of a bullish market phase. Catalysts Behind BNB's Anticipated Breakout The BNB Chain is setting ambitious goals for 2024 to foster mass adoption across decentralized finance (DeFi), gaming, artificial intelligence (AI), and other decentralized applications (DApps). They aim to enhance performance, introduce "opBNB Connect" for scalability, and focus on applications with the potential for high daily active users. This initiative includes plans to increase the number of active validators from 40 to 100, merge the Beacon Chain for improved blockchain efficiency, and speed up decentralization. The introduction of the "One BNB" concept aims to unify the layer-1 BNB Smart Chain (BSC), opBNB, and Greenfield, facilitating a seamless tech stack for applications to transition to fully on-chain Web3 frameworks. Additionally, BNB Chain will enhance its middleware infrastructure and launch BNB Greenfield 2.0 to improve storage performance and support AI, on-chain gaming, and decentralized social platforms​​. The Road Ahead As BNB moves closer to its Fibonacci Golden Zone and retests its broken trend line against Bitcoin, the anticipation within the crypto community intensifies. A successful retest and potential upward movement could not only validate BNB's market potential but also signal the start of a significant bull run. However, given the volatile nature of the crypto market, caution and thorough analysis remain paramount. BNB's journey towards the Fibonacci Golden Zone, coupled with its breakout against Bitcoin, marks a potential watershed moment for the cryptocurrency. This movement could redefine BNB's market position relative to BTC and ETH, heralding a new era of growth and market dominance. This discussion is speculative and intended for educational purposes, providing a hypothetical overview of BNB's market potential. It is not financial advice, and individuals should conduct their research and consult with financial advisors before making investment decisions. BINANCE:BNBBTC BINANCE:BTCUSDT.P BINANCE:BNBBTC
Long
by FikratTrades
BNB/USDT 1HInterval Chart ReviewI invite you to review the BNB chart, on a one-hour interval. We will start by identifying the main uptrend line with the yellow line. Moving on, we will move on to marking the places of resistance. And here, after unfolding the trend based fib extension grid, you can see how the price has currently bounced off the strong resistance at $374.5, which is located at the so-called golden point of 0.618 Fib. Looking further, when the price breaks above the current resistance, the important resistance level is around $393. By looking the other way, we will designate supports. And here support is visible at the level of $361, and then the level around $352 should be kept in mind. At this point, it is also worth determining the locally ongoing upward trend over which the price is staying. If we look at the RSI indicator, we will see a recovery just before the upper limit, similar behavior can be observed on the STOCH indicator, and in both cases there is still room for a deeper recovery.
by cryptodailyuk
BNBUSDTBased on the given market data, the Binance Coin (BNB) is currently trading at $348 against USDT. The Relative Strength Index (RSI) for 4 hours, 1 day and 7 days are 44.49, 75.01, and 76.11 respectively. This indicates that the coin is in a neutral zone in the 4-hour interval, but is overbought in the 1-day and 7-day intervals. The Moving Average Convergence Divergence (MACD) for 4 hours, 1 day and 7 days are 1.5, 13.5 and 23.5 respectively. This suggests a bullish trend in the market as the MACD is above zero in all intervals. The Bollinger Bands (Bb) for 4 hours, 1 day and 7 days are 361.0, 366.0 and 366.0 respectively. The current price is below the middle band in all intervals, indicating a potential upward movement. The support levels for 4 hours are $344, $331, and $326, whereas for 1 day they are $339, $325 and $304, and for 7 days they are $284, $263 and $222. The resistance levels for 4 hours are $358, $368, and $379, whereas for 1 day they are $367, $378 and $386, and for 7 days they are $367, $401 and $454. In conclusion, the technical analysis indicates a bullish trend for BNB. However, the overbought conditions suggested by the RSI for 1 day and 7 days might trigger a price correction in the short term. As always, it's essential to consider these indicators in conjunction with other factors and your individual risk tolerance.
by MarsSignals
2