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Binance Coin can rebound from support line and start to move upHello traders, I want share with you my opinion about Binance Coin. Looking at the chart, we can see how the price a few moments ago declined below the 236 support level to the buyer zone, where it at once rebounded and rose back, making a fake breakout. Next, the price started to range, in which it firstly rose to the top part, which coincided with the current support level, but soon BNB around down and started to decline. Declined to the buyer zone, the price at once rebounded and started to rise in an upward channel, where in a short time BNB rose back to 257 current support level. After this, the price broke this level and reached the resistance line of the channel, but a not long time ago, BNB rolled down and now it trades near the support line of the upward channel. In my mind, Binance Coin can bounce from the support line and start to rise to the resistance line back. For this case, I set my target at the 286 level, which coincided with this line. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
2
$BNB performing bullish descending triangle in 1week ** CRYPTOCAP:BNB performing bullish descending triangle in 1week ** Trading a bullish descending triangle involves identifying a specific chart pattern and implementing a strategy based on the expected price movement. The descending triangle is a continuation pattern that usually forms in an uptrend and suggests a potential continuation of the bullish trend. Here are the steps you can follow: 1. **Identify the Bullish Descending Triangle:** - Look for a strong uptrend in the price of an asset. - Identify a descending triangle pattern, which is formed by a horizontal support line and a descending trendline connecting lower highs. 2. **Confirmation of the Pattern:** - Ensure that the price has touched the support line at least twice and the descending trendline has been established with lower highs. 3. **Entry Point:** - Consider entering a long (buy) position when the price breaks above the descending trendline. This breakout is a signal that bullish momentum may continue. 4. **Volume Confirmation:** - Confirm the breakout with an increase in trading volume. Higher volume during the breakout can indicate stronger market participation and validate the bullish move. 5. **Stop-Loss Placement:** - Place a stop-loss order below the support line. This level is crucial, as a break below it could signal a potential trend reversal. 6. **Take Profit Target:** - Set a profit target based on the height of the triangle. Measure the distance from the highest point of the triangle to the support line and project that distance upward from the breakout point. This provides a potential target for the bullish move. 7. **Risk Management:** - Manage your risk by adhering to proper risk-reward ratios. This involves ensuring that the potential profit is greater than the potential loss. 8. **Monitoring the Trade:** - Keep a close eye on the trade as it progresses. If the price moves in the anticipated direction, consider adjusting your stop-loss to lock in profits or trailing it along with the ascending support line. Remember that trading always involves risks, and it's crucial to use risk management strategies, such as setting stop-loss orders and not risking more than a small percentage of your trading capital on a single trade. Additionally, technical analysis should be complemented with other forms of analysis, such as fundamental analysis and market sentiment, for a more comprehensive view of the market.
Long
by Crypto-Adda_Official
2
BNB: Approaching ResistanceTrade setup : Trends are mixed. Following a bullish breakout from Sideways Channel, price reached our target of $260, where it got rejected in Nov and July. Swing Traders: Pullbacks near $220 support area could be an attractive swing trade entry, with upside back to $260 near-term. That $220 level was previously a resistance area, which was broken and turned into support area (concept known as polarity). Trend Traders: If price breaks above $260 resistance zone, it could revisit $300 next. 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 $220 (previous resistance), then $200. The nearest Resistance Zone is $260, then $300.
Long
by altFINS
1
LTCN Litecoin Grayscale Trust LTCN is about ready to pop. The inverse head and shoulders measured move would bring it to around $10 then a small correction before a massive rally to $35 and beyond, all depending on what Litecoin does. I believe Litecoin will be thousands of dollars in the next bull run as its is one of the very few that are not securities and are commodities. If that happens and Litecoin goes parabolic to 2 3 4 $5000 dollars then the Litecoin Trust will explode. There could be a massive premium at that point to making one share of the trust cost $7000 or more. 1000x-2000x totally possible. Litecoin is poised for a massive rally I believe. Its going to outperform every single other crypto out there this next real run. Besides maybe your random dog coin that could go up 100000000% but as soon as someone cashes out $5 the price drops by 60%. But for real I think this is a good play. This is definitely not financial advice, this is just what I think and my opinion. Do your own research and so what is best for you. Thank you.
OTC:LTCNLong
by Bitgolder
14
BNB growth after launchpool announcementI invite you to discuss the BNB chart on a four-hour interval. As we can see, the price has broken our yellow downtrend line with dynamic upward movements that are associated with the newly announced Lanchpool on the Binance exchange. Due to the sudden increases after unfolding the trend based fib extension grid, we see that the price is fighting a strong resistance at $261, only when the price overcomes it will the path towards the next resistance at $279 open. Looking the other way, we have visible support at the level of $252, then there is a visible support zone from $242 to $236, while a break from the bottom may result in a drop to the support level at $220. When we turn on the EMA Cross 50 and 200 indicator, we will see confirmation of the return to the upward trend. On the RSI indicator, we have approached the upper limit, which reduces the room for growth, while on the STOCH indicator, we are moving above the upper limit, which may result in a rebound in the coming hours.
by cryptodailyuk
🌟🔍 Binance Coin (BNB) and Its Market Influence 📈💡 🔑 Critical Resistance at $255.7: The resistance level of $255.7 for BNB is crucial for the entire crypto market. A breakout and consolidation above this level could signify restored confidence in Binance and potentially help the market move past the FUD surrounding its former CEO, CZ. 📈 Futures Trading on Breakout: If BNB breaks this level, it could be a signal to open a long position in futures. However, tailor your stop-loss size according to your personal strategy. 🛒 Buying and Holding Strategy: As indicated on the chart, a safe stop-loss for buying and holding BNB would be below $205. 🌊 BNB's Market Impact: BNB's movement could be pivotal in triggering another bullish wave across the broader market, so it's advisable to keep an eye on other cryptocurrencies as well. 🔑 Related Categories: Binance Coin (BNB) Analysis Market Impact and Confidence Entry and Exit Strategies 📣 How do you view BNB's potential impact on the wider crypto market? Are you considering any positions in BNB or other cryptocurrencies? Share your plans and thoughts! 💬🌐 #BNBMarketImpact #CryptoInvestment #TradeCityPro 📚 Remember: Cryptocurrency trading involves risks. It's crucial to stay informed and approach trading with a clear strategy and risk management plan! 🧠💼
Long
by tradecitypro
5
BNB UnleashedDon’t Miss Out! Binance Coin (BNB) Leads Crypto Market Charge with Technical Breakout Fueling Potential Surge Binance Coin (BNB) Price Analysis: Navigating the Path to Surge Towards $300 In the ever-evolving landscape of the cryptocurrency market, Binance Coin (BNB) stands out as a beacon of potential, with its current trajectory indicating a probable climb of up to 20% towards the coveted $300 mark. This analysis delves into the nuanced factors driving BNB’s recent surge, the strategic levels to watch, and the overall market sentiment that could influence its journey. Binance Coin Price Overview: Catalysts and Momentum Binance Coin has emerged as a standout performer in the recent crypto market dynamics, particularly as Bitcoin reaches $42,599 and Ethereum soars to $2,204. Amidst this bullish backdrop, BNB has exhibited notable gains, currently resting at $254. The market’s growing optimism, fueled by the anticipation of BTC spot exchange-traded funds (ETFs) approval in January, has become a driving force behind the surge in various cryptocurrencies. However, the crypto space remains on edge due to the lingering uncertainty surrounding potential pre-approval sell-offs or rallies. In this context, Binance Coin appears to be charting a course of least resistance, paving the way for potential upward movements. BNB’s Path to $300: Technical Analysis As we dissect the technical aspects of Binance Coin’s recent performance, it becomes evident that the coin is in the early stages of a compelling rally with a target set at $300. Key indicators underscore the positive trajectory: Exponential Moving Averages (EMAs): BNB has maintained its position above crucial levels, as indicated by three applied MAs. The 50-day Exponential Moving Average (EMA) in blue, currently at $237, serves as foundational support. Additionally, the confluence support created by the 21-day EMA (in green) and the 200-day EMA (in white) adds further strength to BNB’s position. Trendline Breakout A pivotal moment in BNB’s recent journey was the breakout from the descending trendline resistance. This breakout, coupled with a spring from the horizontal ray support backed by the 50-day EMA, accentuates the bullish theory surrounding Binance Coin. Yellow Resistance Breakthrough The next breakout, anticipated above the yellow band on the chart, could be a game-changer. A successful retest of this yellow resistance may pave the way for BNB to surge towards the $300 milestone. Market Sentiment and Considerations With BNB’s trajectory pointing towards potential gains, traders need to exercise strategic considerations. As the coin makes strides towards the $300 target before 2024, cautious optimism is advised. Traders should be vigilant, considering potential obstacles at $260 and $280, which might pose challenges during the ascent. In conclusion, Binance Coin’s ascent in the crypto market reflects not only its individual strength but also the broader positive sentiment prevailing in the space. The journey towards a climb to $300 holds promise, and strategic awareness of key levels will be instrumental for traders looking to capitalize on BNB’s upward momentum. As BNB continues its climb, the crypto community watches with anticipation to see if it can conquer the challenges and emerge triumphant in the ongoing crypto rally.
Long
by TheCryptoCity
BNB Rallies As Binance Announces NFPrompt (NFP) on LaunchpoolBinance has launched NFPrompt (NFP), an AI-driven project for Web3 creators, offering staking opportunities with CRYPTOCAP:BNB , FDUSD, and TUSD. The world’s largest cryptocurrency trading platform Binance on Tuesday announced its 41st project on Binance Launchpool with the launch of NFPrompt (NFP). The move has caught the attention of the crypto community, as the platform offers a unique opportunity for users to farm NFP tokens by staking BNB, FDUSD, and TUSD. Farming NFP Tokens: A Unique Opportunity for Crypto Enthusiasts According to a statement released by Binance, NFPrompt ( NEWCONNECT:NFP ) is an AI-powered User Generated Content (UGC) platform that promises to benefit Web3 creators. Come December 20, 2023, users will be able to stake their BNB, FDUSD, and TUSD in separate pools to farm NFP tokens over 7 days. Binance has unveiled plans to list NFP on December 27, 2023, at 10:00 UTC, offering multiple trading pairs, including NFP/BTC, NFP/USDT, NFP/BNB, NFP/FDUSD, NFP/TUSD, and NFP/TRY. The listing is expected to boost the liquidity and accessibility of NFP tokens in the broader crypto market. Binance Launchpool Fair Mode reflects the platform’s commitment to safeguard and augment the interests of the community and retail users. This model ensures a more equitable distribution of tokens during the initial circulation phase and aims to reduce inflation pressure by preventing some allocations from entering circulation. Launchpool Token Rewards and Staking Terms The total token supply for NFPrompt is capped at 1 billion NFP, with 11% (110 million NFP) set aside for Launchpool token rewards. Initially, only a fourth of the total tokens will be in circulation. As per the staking terms, a KYC verification is mandatory, in addition to hourly hard caps per user for each pool. Post Binance’s announcement, the CRYPTOCAP:BNB price rallied over 5% to $251, indicating that the overall market sentiment around the project is positive. The uptick also highlights the growing interest in innovative projects within the crypto space, especially the ones underpinned by AI, and that focus on content creation in the Web3 landscape.
BINANCE:BNBUSDLong
by DEXWireNews
HelenP. I After breaking resistance level, BNB can continue riseHi folks today I'm prepared for you Binance Coin analytics. Some days ago price rebounded from the trend line and made a strong impulse down to support 2, which coincided with the support zone, thereby breaking support 1. After this, the price rebounded from support 2 and tried to rise, but failed and fell to the support zone, where soon it rebounded back. Next, BNB some time traded near this level, and later price rebounded from support 2 and made a strong upward impulse to support 1, which coincided with the resistance zone, thereby breaking the trend line. After this movement, BNB broke this level but soon made an impulse down to the trend line. Then it was around up and in a short time backed up. At the moment Binance Coin trades in the resistance zone and I expect that price can correct one more time to support level and then continue to rise. For this case, I set my target at the 261 level. If you like my analytics you may support me with your like/comment ❤️
Long
by FirstNameHelen
2
BNB: Approaching ResistanceTrade setup : Trends are mixed. Following a bullish breakout from Sideways Channel , price reached our target of $260, where it got rejected again, just as it did in Nov and July. Swing Traders: Pullbacks near $220 support area could be an attractive swing trade entry, with upside back to $260 near-term. That $220 level was previously a resistance area, which was broken and turned into support area (concept known as polarity) . Trend Traders: If price breaks above $260 resistance zone, it could revisit $300 next. Trend : Uptrend across all time horizons (Short- Medium- and Long-Term). Momentum is Mixed as MACD Line is above MACD Signal Line (Bullish) but RSI ~ 50 (Neutral). MACD Histogram bars are declining, which suggests that momentum is weakening. Support and Resistance : Nearest Support Zone is $220 (previous resistance), then $200. The nearest Resistance Zone is $260, then $300.
Long
by altFINS
BNB/USDT 4HInterval ChartI invite you to review the chart of BNB in pair with USDT, also on a four-hour time frame. First, we will use the yellow line to determine the local downward trend under which the price is moving. In order to determine the current supports for the BNB price, we will unfold the trend based fib extension grid, and we can see that the price is approaching a strong support zone from $247 to $239, however, if we break down from this zone, we can see the price return to the support area at $229. Looking the other way, we can similarly mark places where the price should encounter resistance on the way up. And here, first, there is strong resistance at the price of $255, then there is resistance at the level of $262 at the golden Fib point, and then the price has to face a strong resistance zone from $267 to $273. Please look at the STOCH indicator, where we have a strong rebound and there is room for us to go a little lower, but moving near the lower border we can observe an attempt at a rebound and small increases. And when we look at Ema cross 10 and 30, we can see that they do not yet indicate confirmation of a return to the downward trend.
by cryptodailyuk
BNB high buyer activity! LONG up to 262 ⬆️LONG #BNBUSDT from $254.5 Instrument formed a sideways movement, we see that buyer activity remains at a high level, impulse drops are quickly bought off, trading volumes are locally as high, there is an excellent price compression under the formed cascade of levels, the breakdown of which I will consider in the near future, with the acceleration of the price in the breakdown, I expect to see a continuation of the long to the two potentials marked on the graph
Long
by CScalp_EN
Binance Coin can rebound up from upward pennant to 260 levelHello traders, I want share with you my opinion about Binance Coin. By observing the chart, we can see that the price a few days ago started to rise in an upward channel, where it first broke the 228 support level, which coincided with the buyer zone. Some time ago, BNB made a correction to the support line of the channel and then bounced to the resistance line. After this, the price rebounded and fell to the 228 support level, which coincided with the support line of the pennant, thereby exiting from the channel. Next, the price rebounded from this line and made a strong upward impulse to the resistance line of the pennant, breaking the 245 level. Also then, BNB corrected to the support area and a not long time ago continued to rise near the support line of the pennant. And now, I think that Binance Coin can rebound from the support line and rise to the resistance line of the pennant. After this, BNB can break this line, thereby exiting from the pennant and then continuing to move up. For this case, I set up my target at the 260 level. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8