Get started

BNB

BNB's Next Bull Run: Targets of $2000-$3000 Unveiled in TABNB/USDT Technical Analysis: Short-term Bearish, Long-term Bullish In this technical analysis of BNB/USDT, we will explore the current market conditions and provide insights into the potential price movements of Binance Coin (BNB) in the short and long term. Please note that this analysis is based on historical chart patterns and does not guarantee future price movements. Current Situation: At the time of writing, BNB is trading at $244, having experienced a 5% pump due to a recent Launchpad Sale. However, based on the chart analysis, the short-term outlook for BNB/USDT appears bearish. Distribution Zone and Downside Potential: The chart analysis indicates the presence of a green box, which represents a distribution zone. Typically, after such a distribution, a downward move can be expected, potentially leading to Wave 5. Considering this, there is a possibility of BNB experiencing a downward movement of 40-50% from the distribution zone. Anticipated Buy Opportunity: Based on this analysis, the author is waiting for a buy opportunity at the $100 level. It is believed that BNB/USDT may hit bottom around $100 and potentially bounce back strongly from this level. The author has identified three entry levels: $120, $101, and $80 (with below $100 being considered a bonus). Long-term Bull Run Potential: Looking ahead, the historical chart patterns suggest that BNB may experience a significant bull run in the future. The author believes that during the next bull market, BNB has the potential to reach a price range of $2000-$3000. Target Areas: To provide potential profit-taking levels, the author has identified several target areas: TP1: $1000 TP2: $1500 TP3: $2000 (with 80% of positions to be closed at this level) TP4: $3000 (with prices above $2000 considered as a bonus) CryptoPatel Levels: Lastly, the analysis includes key support and resistance levels: Support: $220, $180, $100 Resistance: $333 Disclaimer: This analysis is for informational purposes only and should not be considered as financial advice. Trading cryptocurrencies carries risks, and past performance is not indicative of future results.
Long
by CryptoPatel
5
BNB/USDT 1DReview Resistance an SupportHello everyone, welcome to a review of the BNB vs. USDT pair, taking into account the one-day timeframe. First of all, using the blue lines, we can mark the sideways trend channel in which the price is currently approaching its upper limit. Now let's move on to marking the places of support. We will use the Fib Retracement tool to mark support, and here we will first mark the strong support zone from $234 to $228, however, if the price falls below this zone, we can see a drop to around $220.4. Looking the other way, we can also mark the places where the price should encounter resistance on the way to increases. And here we see that the price is moving towards the upper border of the channel, where we have a strong resistance zone from $244 to $250, only when we exit it upside, we can attack the resistance at $256.8. Index CHOP indicates that there is still energy to continue this movement. The MACD indicator, despite corrections in the channel, maintains an upward trend. On the other hand, on the RSI we approached the middle of the range, despite everything we can see an attempt to attack the first resistance zone.
by cryptodailyuk
HelenP. I Binance Coin can continue rise after small correctionHi folks today I'm prepared for you Binance Coin analytics. A few days ago price bounced from the trend line and made a strong downward impulse to the support level, which coincide with the support zone, and even later declined lower. But soon, the price rolled up and rose to the resistance level, and then made a correction to the support level. Next Binance Coin rose higher of the resistance zone and at once made impulse down to the support level and a few time later declined below it. Then the price started to move up to the trend line, and after reaching it, the price bounced down to the support level. A not long time ago Binance Coin rolled up of support level and start to rise. I expect that price can make a little correction and then continue to rise to the trend line. When the price reaches the trend line, it will bounce a little down and then bounce up to the 250.0 resistance level, which is located at my target, thereby breaking the trend line. If you like my analytics you may support me with your like/comment ❤️
Long
by FirstNameHelen
7
BTCUSDT 4H Chart AnalysisBTCUSDT 4H Chart Analysis Overview: Bitcoin (BTC) has been experiencing range-bound trading for the past 18 days, with traders eagerly awaiting a breakout from this consolidation phase. In this report, we analyze the key levels and targets to watch for potential breakout opportunities. Breakout Targets: Upward Target after breakout: $38,000 Downside Target after breakdown: $27,000 Breakout Areas: Upward Breakout Point: $31,250 Downside Breakout Point: $29,800 Technical Analysis: BTC has been consolidating within a range, indicating indecision among market participants. The upward breakout point at $31,250 represents a significant resistance level that needs to be surpassed for a bullish breakout to occur. Conversely, the downside breakout point at $29,800 acts as a crucial support level that, if breached, could trigger a bearish breakdown. Implications: A successful upward breakout could lead BTC towards the upward target of $38,000, providing potential profit opportunities for traders. Conversely, a downside breakdown below the $29,800 level may push BTC towards the downside target of $27,000, offering opportunities for bearish positions. Risk Management: It is important to note that breakouts can be accompanied by increased volatility and sudden price movements. Traders should implement proper risk management strategies to protect their capital. Consider setting stop-loss orders and closely monitoring the price action during the breakout phase.
Long
by CryptoPatel
1
BTCUSDT 4H Chart AnalysisBTCUSDT 4H Chart Analysis Overview: Bitcoin (BTC) has been experiencing range-bound trading for the past 18 days, with traders eagerly awaiting a breakout from this consolidation phase. In this report, we analyze the key levels and targets to watch for potential breakout opportunities. Breakout Targets: Upward Target after breakout: $38,000 Downside Target after breakdown: $27,000 Breakout Areas: Upward Breakout Point: $31,250 Downside Breakout Point: $29,800 Technical Analysis: BTC has been consolidating within a range, indicating indecision among market participants. The upward breakout point at $31,250 represents a significant resistance level that needs to be surpassed for a bullish breakout to occur. Conversely, the downside breakout point at $29,800 acts as a crucial support level that, if breached, could trigger a bearish breakdown. Implications: A successful upward breakout could lead BTC towards the upward target of $38,000, providing potential profit opportunities for traders. Conversely, a downside breakdown below the $29,800 level may push BTC towards the downside target of $27,000, offering opportunities for bearish positions. Risk Management: It is important to note that breakouts can be accompanied by increased volatility and sudden price movements. Traders should implement proper risk management strategies to protect their capital. Consider setting stop-loss orders and closely monitoring the price action during the breakout phase.
Long
by CryptoPatel
BNB Short-Term Review Resistance and Support Hello everyone, let's look at the BNB to USDT chart on a single day timeframe. As you can see, the price has fallen below the local uptrend line. Let's start by setting the support line and as you can see the first support that is currently holding the price is $234.5, then the second is at the price of 232.5$, and then the third at the price of 230.9$. Now let's move on to the resistance and trump BNB first has to break the zone from $237 to $238, then there is resistance at $239.5. Looking at the CHOP indicator, we see that there is some energy left for the move, the MACD indicates an attempt to return to the local uptrend, and the RSI has approached the middle of the range, but there is still room for the price to rise.
by cryptodailyuk
Negative Signals and Potential Support LevelsDuring the past week, BNB experienced a lack of demand and faced significant negative reactions when it reached the resistance range of $248-254, specifically at the daily 0 Fibonacci level. This break in the short-term upward trend line indicates a negative signal for a potential decrease, suggesting a return to the support level at the bottom of the channel. As a result, there is a likelihood that Binance Coin may face selling pressure, leading to a retest of the support range around $224 (at the daily 1 Fibonacci level). Considering the downward trend in the daily timeframe, there is also a possibility that the price may break the bottom of the channel and reach the precise support level at $206. Until we witness a strong rebound and a breakthrough above the upper limit of the range channel, it is unlikely to expect a bullish mid-term trend.
by MonoCoinSignal
9
BNB 220$ Is Next + trade Idea• BNB is trading in a range for the past 29 days. • Range high is 252$, the range low is 220$ and the mid-range is at 235.85$. • On July 6th BNB dropped below the mid-range and it is currently testing it as resistance. A failure to get back above the mid-range may cause s drop to the range low, maybe lower. • The only way that I see for BNB to avoid the 220$ is if the market rips higher from now without a correction. • There are two wicks on the daily chart at the 220$ region. Because BNB failed to generate upwards momentum, I consider a move below these wicks to gather liquidity likely. • Long term, I think we will look back at this moment as a golden opportunity. Support Levels: • 230$ • 220$ • 204$ Resistance Levels: • 236$ • 252$ Trade Idea: • Entry: 221$ • SL: 216$ • Target: 256$ • TP: 236$, 257$, Leave some on the table. • R: R: 1:4 to the first TP.
BINANCE:BNBUSD.P
by NewThoughtCrypto
2
Binance Coin can exit from pennant and bounce up to 240Hello traders, I want share with you my opinion about Binance Coin. By observing the chart, we can see that price a few time ago bounced from the seller zone, which coincide with the resistance level, and made an impulse down below the buyer zone, which coincide with the support level. After these movements price tried to rise, but failed and later declined to support line, where at once it started to rise. BNB rose higher of the seller zone, breaking two levels, and soon reached the resistance line, and then the price bounced and made a strong impulse down to the support line of the downward pennant, thereby breaking past the support line and resistance level. But a not long time ago price bounced up to the resistance line, where it continues to trade to this day. In my mind, Binance Coin can fall to the support line again and then bounce up and break the resistance line. After this, the price can make a retest and then continue to move up, therefore I set my target at the 240 level. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
6
History will repeat? $182 or $110Monthly Chart Binance Coin ( BINANCE:BNBUSDT ) is trading around $236 now. It's dropped from $398.3 and in accumulating Look back to the history. I see two drops on Jan 2018 and Jun 2019, both of them has the same percent are about 83.64% and 83.89%. History usually repeats itself! I wonder how's about this time? Now, BNB/USDT in Descending Channel and it's support zones by Fib Channel (1.0) and last Swing Month Low $183.4 Supports can hold it and made it bounced back or Binance Coin will break down and drop to around $110. Wait and see
Short
by trieutv
Is BNB Heading for a Downtrend? ☔️The sun will continue to shine over the global crypto market 🌞 , overall signaling a slightly bullish market with upside potential in the next 24 hours. Binance and XRP ☔️ buck this positive trend, with a downtrend likely. Over a one-week horizon, the forecast is mixed with the positive trend continuing for Bitcoin. Other altcoins, such as Ether, Dogecoin, XRP, and Litecoin, may face cloudy days ☁️, indicating a bear market with a slight downward trend. 📉 Follow us for more crypto weather insights!
Short
by ATTMO
Bitcoin - the beginning of a strong dump or will we see another Hello trader! Today I have a new idea for you. Like and subscribe to the channel, there is a lot of useful information.✅ BTC - Friends, the short position is working out according to plan! We have two important events ahead of us: ▪First: a test of the triangle from below in the range of $30.225-30.150. From there we can get a refund of $30,800. Be careful with your feet! ▪Second: FOMC minutes at 21:00 MCK. You should also expect volatility from this event. I continue to hold the position and have temporarily removed the $31,550 order. In case of increased volatility, I will set it back. P.S: Guys, if you are holding a position with me and using high leverage, I advise you to move your stop loss to breakeven, and it is best to move it to plus.
BINANCE:BTCUSD.PShort
by DanilBlinkov
BNB Possible Double Bottom Trading PlanTLDR: • BNB is on the verge of breaking out the range high in a possible Double bottom reversal. • Above the range high is a supply zone between 256 – 266 USD. • I consider this supply zone as another layer of resistance. • Wait for a retest of the range high as support and for green dots on the TTM Squeeze indicator before betting the farm on BNB. Background: • Between the 5th of June and the June 12th BNB lost 30% of its dollar value. • On June 12th, BNB reached the selling climax and set the range low at 220$. • On June 13th and 14th BNB rallied to make the range high at 252$. • On June 28th, BNB tested the range low as support. • Until today BNB wasn’t able to successfully break out of the range. Supply Zones: • BNB’s downward move was in a “drop, base, drop” pattern. This pattern created two supply zones above the range high. • The first supply zone is between 256 -263 USD. • The second Supply zone is between 274 -281 USD. • Until these supply zones are exhausted BNB’s uptrend can be challenged. Double Bottom Pattern: • A double Bottom is a bullish reversal pattern. • The double bottom is confirmed only after a break above the neckline. • It is not clear yet if we are in a range or in a double bottom. However, it makes no difference as far as the trading plan is concerned. Trading plan: • I am writing this trading plan assuming that we do have a double bottom and that BNB will break above the range high. If the breakout fails, I will look for another entry and update you. • Pay attention to the supply zone just above the range high. This supply zone will create bearish pressure on BNB and may push the price down, possibly below the range high. • Don’t buy the breakout. Buy the retest of the range high as support. • Take profit or move your SL before the second supply zone between 273 – 280 USD. • You mnust look at the volume candles to verify the breakout. A breakout on low volume is, most likely, doomed from the beginning. • You can use the TTM squeeze indicator (by Beardy_Fred) as confluence. Wait for the green dots as a sign that volatility is back. However, this is a lagging indicator. To make the best use of this indicator, check the LTF. Trade Idea: • Entry: 252 USD (only after a retest and green dot) • SL: 243 USD • Target: 308 USD • R: R: 1:5 • TP: 273, 208 NFA What do you think? Please share in the comments. Best wishes.
BINANCE:BNBUSD.PLong
by NewThoughtCrypto
CAKEUSD Short term break out at $1.601 - Fast profit of 3%After a lot of time I was interested to see the CAKEUSD pair and see what is going on there. As it is normal, NASDAQ:CAKE follows the same pattern as CRYPTOCAP:BNB does due to the recent news and all the turbulance that exist in all the crypto market and more specifically to BSC ecosystem. It is very interesting however to examine CAKEUSDT chart and see the potential profits that can provide to us. Right now, NASDAQ:CAKE moves around $1.558 which is on the low boarder of this graphic - the support. In the hourly chart this might tought the price of 1.57 and then hit the resistance of $1.601. SL is the price of $1.544 where a new analysis of the chart will be needed there. Let me know your opinion on NASDAQ:CAKE charts!! COMMENT BELLOW! Happy gains to all!
Long
by logicrypto
BNB Review 4HInterval Looking at BNB vs USDT, also on a four-hour timeframe. First of all, using the blue lines, we can mark the downtrend channel from which the price went up. As we can see from the unfolding of the fib based trend extension tool, the price stays just above the first support zone from $247 to $242, however, when the price falls below this zone, we can see a drop around the second strong zone from $234 to $229. Looking the other way, we can also mark the places where the price should encounter resistance on the way to increases. And here we have the first very strong resistance at the price of $ 253, only when the price positively tests it should try to attack the level of $ 261. When we turn on the EMA Cross 10 and 30, we can see the confirmation of the uptrend. The CHOP index indicates that we have a lot of energy for the next move. The MACD indicator struggles to maintain a local uptrend. On the other hand, on the RSI we are moving in the upper limit, but we have some space for the price to try to attack the first resistance.
by cryptodailyuk
Arbitrum and Radiant Capital Lead the ChargeIn the rapidly evolving world of decentralized finance (DeFi), one platform has emerged as the beacon of innovation and global scalability. Radiant Capital, built on the remarkable Arbitrum network, presents the definitive solution that transcends boundaries and redefines the DeFi landscape. Discover why Radiant Capital stands as the unrivaled leader in the industry, while Arbitrum cements its status as the ultimate network for unlocking the true potential of DeFi. Unleashing Global DeFi Powerhouse: Radiant Capital's unparalleled capabilities position it as the unrivaled global leader in DeFi. With a robust infrastructure built on the unstoppable Arbitrum network, it offers a wide array of cutting-edge features and solutions that empower users worldwide. Prepare to embark on a journey where Radiant Capital redefines what's possible in the realm of decentralized finance. Arbitrum: Pioneering the Path to Perfection: Arbitrum's revolutionary technology is the cornerstone of Radiant Capital's dominance. As the best-in-class network for DeFi, Arbitrum brings unparalleled scalability, lightning-fast transactions, and unmatched security. By harnessing its power, Radiant Capital offers users an ecosystem where limitations are shattered, and opportunities abound. Empowering Users with Unmatched Accessibility: Radiant Capital and Arbitrum are committed to making DeFi accessible to all. By eliminating barriers and simplifying user experiences, they ensure that anyone, regardless of technical expertise, can participate in the decentralized finance revolution. Seamlessly swap tokens, stake assets, and explore innovative opportunities with ease, all while enjoying the benefits of a user-centric platform. Unrivaled Security: Safeguarding Your Digital Assets: When it comes to protecting your digital assets, Radiant Capital and Arbitrum leave no stone unturned. Leveraging Arbitrum's advanced security measures and the battle-tested Ethereum foundation, users can trade and stake with confidence. Rest assured that your assets are shielded by state-of-the-art protocols, ensuring peace of mind in an ever-evolving landscape. Redefining DeFi Innovation: Radiant Capital serves as an incubator for groundbreaking DeFi projects and innovations. With a vibrant ecosystem fueled by Arbitrum's unmatched capabilities, it fosters an environment where new ideas flourish and traditional financial models are challenged. Get ready to witness the next wave of DeFi innovation unfold on Radiant Capital's platform. Conclusion: In the quest for a global DeFi solution, Radiant Capital shines as the definitive choice, while Arbitrum's unparalleled network capabilities make it the go-to platform for DeFi enthusiasts. Together, they unlock a world of endless possibilities, transcending limitations and reshaping the future of finance. Embrace Radiant Capital as the beacon of DeFi innovation and witness Arbitrum's transformative power—prepare for a decentralized revolution like never before.
Long
by jackmusk
1
BNBUSDT at monthly support, likley to head to 261 and 306The green zone marked on the chart is the confluence of monthly, weekly and daily supports. Therefore, it presents a very strong support area for the price to hold. Even during the brutal drop the price experienced a few weeks back, this is the zone where the price held and bounced back. Then there was a dip into this zone again to retest that area and now it is bouncing again from that zone. I believe the price is heading for the daily resistance DR1 zone first where it may experience some pullback and then head for the weekly resistance WR1. There might be some struggle at daily resistance DR2 zone but I believe that would not be significant in case price reaches there.
Long
by angela_altair
Bitcoin - another way out of the triangle - is it a trap?!Hello trader! Today I have a new idea for you. Like and subscribe to the channel, there is a lot of useful information.✅ I will slightly update yesterday's idea regarding the triangle. Yesterday's swing can be said to have cut the triangle from both sides, there was an attempt to renew the maximum of 31455, but another ETF-related FUD interrupted this attempt and the price fell below $30,000. At the moment, the price of the asset was able to recover and Bitcoin returned above $30,000 again and continues to consolidate in the range of $30,500-30350. Technical BTC has returned to the triangle again and there is a tightening to the upper border of the potturn, which may lead to another local takeaway towards $31,000. But I also do not rule out that a new weekly candle will begin to form from a correction below $30,000, which is quite likely, and do not forget about the history associated with Binance, the SEC regulator and ETF, all this is still a big question, they often like to throw news after growth in 15-20% which has already happened.
BITSTAMP:BTCUSDShort
by DanilBlinkov
BNB/USDT 4H Interval ReviewI invite you to the third chart, this time BNB on a four-hour interval. As we can see, the price moved down from channel A of the uptrend, then the price moved in channel B of the downtrend, in which the low was higher than in channel A. Which gave us an upward exit from channel two and a move along the local uptrend line. Using the trend based fib extension tool, we will check support places for the BNB price. And here you can immediately see that we have a support zone from $234 to $229, which is currently holding the price. However, when we fall below this zone, the price has a second very strong support zone from $221 to $216. Looking the other way, we can similarly determine the places of resistance that the price has to face. And similarly, we will mark two zones through which the price must pass in order to continue its growth. The first zone starts at the price of $238 and ends at the level of $242, when the price goes up from it, it will move towards the second zone at the levels of $247 to $253. Here it is worth looking at the EMA cross 10 and 30, as we can see that the red line of the cross 10 ema is approaching the intersection of the green 30 from below, which should result in an uptrend change. The CHOP index indicates that we have the energy to continue the move, the MACD indicates maintaining an uptrend, while the RSI is moving in an uptrend, with small rebounds, but there is room for the price to go higher in the current moves.
by cryptodailyuk