BNB/USDT SHORTTERM Resistance and Support Hello everyone, let's look at the BNB to USDT chart on a 4-hour timeframe. As you can see, the price is moving above the local uptrend line.
Let's start with the support line and as you can see the first support in the near future is $312, if the support is broken then the next support is $310, and then we have a support zone from $308 to $306.
Now let's go from the resistance line, as you can see the first resistance is $316, if you manage to break it, the next resistance will be $318 and $320.
Looking at the CHOP indicator, we see that the energy has been used, the MACD indicates the maintenance of the local uptrend, while when the RSI touched the upper limit, it gave a price correction.
BNB
Ethereum - $2000 exit very soon!!!Hello trader Today I have prepared a new idea for you. Like and subscribe to the channel there is a lot of useful information✅
Previously, I gave a deal in Long on the breakdown of the local countertrend line, the plan worked perfectly! You can fix a part of the position, leave the rest until the test of the 0.618 level.
I think that before reaching $2,000 and above, we will have a small rollback to the local support level (red line on the chart), after which we can expect a buyer’s reaction in this zone, well, here you need to look at the situation, do not act at the moment, because most often such the levels are squeezing and I take off the stops of large leverage, so be careful)
BNBUSDT - Double Bottom Pattern!!BNBUSDT (4h Chart) Technical analysis
BNBUSDT (4h Chart) Currently trading at $316
Buy level: Above $316
Stop loss: Below $304
TP1: $321
TP2: $329
TP3: $338
TP4: $350
Max Leverage 3x
Always keep Stop loss
Follow Our Tradingview Account for More Technical Analysis Updates, | Like, Share and Comment Your thoughts
Bitcoin - pullback before $30,000 exitHello trader Today I have prepared a new idea for you. Like and subscribe to the channel there is a lot of useful information✅
Previously, I wrote several posts about exiting through local resistance, so far everything is clearly according to plan!
I'll update my previous idea a bit:
Bitcoin passed the local resistance with one candle, as it was said earlier, and even tested the local countertrend line of $28.250 (the last stop of the price of $28.450 is the gray line on the chart).
At the moment, I think that we are waiting for a test of the $27,500 mirror level before reaching $30,000 and possibly higher, an approximate plan is shown on the chart.
I continue to hold my position from $26,200 to $30,000 test, there I will already act according to the situation, either fix most of the profit and keep the rest until the local High $31011 test, or completely fix the position and wait for a significant correction to the previous local support levels of $26,300-25,000
Tomochain forming Falling Wedge In Weekly Timeframe
Incase Of breakout Expecting 500 To 600% Bulish Move In midterm
Wait Patiently For breakout To be Confirmed
BNB/USDT 1DInterval Resistance and SupportHello everyone, welcome to the BNB vs USDT chart review. As we can see, the price has moved downwards from the uptrend line, while currently we will use the blue lines to mark the downtrend channel in which the price is moving in the lower range.
Let's start by marking the support spots for the price and we can see that the price is currently in a strong support zone from $310 to $299, however, if the price goes lower, we can see a strong drop in the price even around $268.
Looking the other way, we can similarly determine the places of resistance that the price has to face. And here we see that the price is currently bouncing off the $312 resistance. Next we have the resistance at $320, and the third resistance at $326, once the price breaks it will move towards the strong resistance zone from $331 to $339.
The CHOP index indicates that there is a lot of energy for the move, the MACD, despite several attempts to change the trend, is still in a downtrend, while the RSI is moving in the lower part of the range, which gives room for price growth, but it is worth noting that there is room for the price to fall even more a little lower.
ETH - breakdown of the local countertrendHello trader Today I have prepared a new idea for you. Like and subscribe to the channel there is a lot of useful information✅
ETH continues to consolidate in the same range, creating small impulses towards the local countertrend line.
You can try to gain a position from the current values on the breakdown of the countertrend line by placing a grid of orders, 5% of the deposit.
Deal plan:
Entrance - 1820/1790/1770$
Stop - $1725
Take profit - $1900-1930 (0.5 level test)
I think there will probably be a small rollback before the trend line is broken, so it’s better not to risk much and take a position with an addition lower, you can arrange the grid in your own way to stronger levels from where the price can get a rebound.
BNBUSDT.1DHello dear friends,
*Mars Signals Team wishes you high profits*
This is a time frame analysis for BNBUSDT.1D
We are in the daily time frame. As you can see, the price could not break the resistance in front of it and is moving towards its first support line. There are two scenarios. First, if the price cannot provide support and penetrates below its first support line, it is expected that its second support line will move and we have to wait and see if the price gives us a return announcement in the lower time frame. Second, until the price cannot penetrate above our resistance line and stabilize above it, we cannot expect an upward trend
Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.
Take care
BNBUSDT 1HBNBUSDT 1H
On the daily it formed a wedge and at the moment it is on the lower edge, if it breaks it could go to the institutional selling zone at 285.1 . On the other hand if horver strength BNB will go towards the median Bollinger band at 312 and breaking that resistance will look for 321.5.
The upward break of the line will take BNB to 360. Let's see how everything will unfold, not forgetting that BNB has a lot of strength, DEVs always try to hold the price.
BNBUSDT 1H
Main support levels: 303.9 / 303.0
Main Resistance Levels: 306.4 / 308.1
RSI: Exhaustion of Selling Forces
MM100: 308.8
BNBUSDT H4 :WHAT an ANALYSYS Hi Guys Hope you well,
Umm , First for better idea please check my last analysis of binance-coin .
It moved exactly like the road map. But according to the price of Bitcoin, it might be another scenario will take place.
please check both scenario and do the best .
SecondChanceCrypto
⏰25/May/23
⛔️(DYOR)
always do your research.
If you have any questions, you can write them in the comments below, and I will answer them.
And please don't forget to support this idea with your likes and comment.
Support Holds Key to Potential OpportunityBNB exhibited a notable range-bound behavior throughout the previous week. Subsequent to breaching the upward trend line, the value of Binance Coin experienced a subsequent decline, retracing towards the dynamic resistance level and approaching the previous lower range. Nonetheless, the $300 range retains its significance as a pivotal support level in the medium term. It is worth noting that there exists a secondary support level within the $292 range, and if selling pressure persists and breaches the $300 support, the price may further decline towards this threshold. Consequently, this range can be identified as an attractive demand zone for potential buyers.
Bitcoin fails local resistance againHello trader Today I have prepared a new idea for you. Like and subscribe to the channel there is a lot of useful information✅
Bitcoin bounced back from local resistance again and dropped below $27,000, which I said yesterday that in order to go higher, you need to keep local support above $27,200, but the buyer seems unable to do this yet, but the chances still remain.
While we are trading in this protracted sideways movement and have not updated the last LoW of $25,800, there is still a chance to return to the $27,500 range and gain a foothold higher for a hike to $30,000, plus a minus rate suggests that locally they may soon begin to take out short positions, so be careful if you hold a short marginal position.
I also noted a clear resistance on the chart (red line), I think that the next testing of the $27,500 mark will already be at a breakdown of the level, which can create a strong impulse to the next resistance through the channel at $28,500.
Well, as long as there is pressure on the market, I think they can lower it to 26,100 (-+) I wrote about this on Monday and was waiting for a test of this level...
Bitcoin broke into a bullish range again!Hello trader Today I have prepared a new idea for you. Like and subscribe to the channel there is a lot of useful information✅
Friends, I want to slightly update the previous idea from the technical side.
Last time, I warned that the opening of the week would most likely begin with a downward movement to the $26,150-26,500 zone, and the technical side of the trend line tightening signaled the same, we saw a breakdown and the price went down to the local support of $26,550.
At the moment, the price of bitcoin has again returned to the bullish range to the local support of $26,850-27200, from where it is trying to break through the local resistance of $27,550-27750, just what is needed in order to see further growth to $30,000
Well, this is not all that is needed for the cherished mark, after the breakdown of local resistance, it is important that the price be able to stay above the range of $27.550-27.750, and then if the buyer can hold the price, then we have another important resistance ahead of 28.760 (red line on the chart).
My bitcoin position unchanged:
Entrance - 26,280
Stop - $25,260
Target - $30-32k
FLOWUSDT → Breakthrough of the wedge resistanceFLOWUSDT forms the bottom in the area of 0.742. After numerous attempts to break the trend resistance, the price breaks it. A consolidation is forming, which could push the price up.
The level of 0.742 is a key support at the moment. The task of the bulls is to keep the price above this area.
For a long time we have been seeing a downtrend with numerous attempts to break resistance. For the last month, the price has been forming a decrease in volatility and moving into a consolidation phase.
The cryptocurrency pair was accumulating potential to break the resistance, which in the near future, if the local resistance areas are broken, may start the phase of realization of the accumulated energy.
The moving averages act as resistance.
Strong support: the previously broken wedge boundary, the level of 0.742.
Strong resistance: 0.800, MA-50, MA-200, 1.000
I expect the bulls will be able to hold the support level, the price will exit the local consolidation and continue to strengthen towards 1.000, 1.8000
Regards R.Linda!
Bitcoin - the price is in the global channelHello trader Today I have prepared a new idea for you. Like and subscribe to the channel there is a lot of useful information✅
There is another option on the Bitcoin daily chart.
On the technical side, the price of the asset continues to move in an upward channel without confirming the lower border of the $25,250 pattern, which is currently the key zone for taking a Long position (red line on the chart) and most market participants are waiting for confirmation of this zone.
Well, it often happens that the market maker reverses without reaching the key level of several hundred points.
Time will tell how it will be this time and the liquidation of the Long position, if the price is still allowed to reach $25,000
Bitcoin - next week will start with growth?!Hello trader Today I have prepared a new idea for you. Like and subscribe to the channel there is a lot of useful information✅
- A few thoughts on the bitcoin chart and what to expect next week.
- Bitcoin price continues to consolidate under strong local resistance $27,200-$27,550
-At the moment, on the technical side: there is a tightening to the trend line on the 12H chart, which can lead to a decrease in the range of $26,500-26,150 (gray area on the chart). Or there is an option to see a reversal already from the current values (rebound from the trend line) to the breakdown of the local resistance of $27,550
-I stick to the first option, but I still think we will see a slight downward movement at the opening of the week. It seems that there is still not enough fuel for the rocket that I am waiting for, you need to wait a little more, if you understand what I mean
BTCUSD → H&S has not yet given a proper reaction. Range 28-26K$Bitcoin is trading between 0.382 Fibonacci levels and the key liquidity area of 28000. The H&S pattern without a proper reaction could confuse the market. What to expect from the price?
In practice and statistically, the strongest moves occur after a false breakdown. The set-up H&S made a false break of the ascending channel, the pattern base is broken, but the price is consolidating above the strong support from the W1 timeframe - 2654. If the bulls hold this level, the price will start to break the reversal set-up.
The cryptocurrency flagship is consolidating between the Fibonacci levels of 0.382 and 0.236. A break-up of the upper boundary will return the price to green zone and thereby the price will get a good potential for further strengthening towards 30,000, but a break-down of the lower boundary of the range will send the price to the retest of 0.5 Fibo and a strong support level from the weekly timeframe 25053, which will make the whole market nervous
The way I see it, the correction in bitcoin is reasonable and after the strong rally we should have expected this kind of reaction. From the point of view of technical analysis, the asset should gather the necessary liquidity for a further move in one direction or the other.
Fundamental factors:
There is an increasing level of fear of further declines in bitcoin
Lightning network has entered into a partnership with chainalysis and TRM Labs, allowing it to control all payments through the said network
Cryptominer Marathon Digital and Brink will raise $1 million to support BTC developers
BTC mining complexity continues to break records
The number and volume of large BTC transactions continues to grow.
The current halving cycle in bitcoin is 76% complete
I think that the correction with the average probability can continue up to the level of 25400 - 25053, but if the price overcomes the area of 28000, the growth will start earlier. Since we see bullish dynamics on the global timeframes and overcoming the strong resistance zones, after the correction and rest, the growth may resume.
Regards R. Linda!
BNB/USDT 4HInterval Resistance and SupportHello everyone, let's look at the BNB to USDT chart on a 4-hour time frame. As you can see, the price is moving in the local downtrend channel.
Let's start with the support line and as you can see the first support in the near future is $307.6, if the support is broken then the next support is $305.6, and then we can see a drop to $299.9.
Now let's move on to the resistance line, as you can see the first resistance is $309.6, if you manage to break it, the next resistance will be $311.8, $313.6 and $315.4.
Looking at the CHOP indicator, we see that there is still some energy left for the next move, the MACD remains in the local downtrend, while the RSI is moving in the lower part of the range, but there is room for the price to go a little lower.