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BNB

BNB - More downside coming! It is evident that a triangle pattern has formed in the price chart, and recent price action indicates that the upper trendline has acted as a strong resistance level. Based on this observation, the price is expected to move towards the lower boundary of the triangle if it continues to trade within this pattern. However, if the price breaks below the triangle, support zone 1 and support zone 2 are likely to be the first and second targets, respectively. Also, the fair value gap is acting as a magnet, and the price is expected to close the gap soon! It is worth noting that if BTC experiences a downward trend from its current level, BNB is also likely to continue its trajectory to the downside. This possibility is further reinforced by the expectation of a downward move in BTC, which will inevitably affect the price of BNB.
Short
by MBM_Crypto
6
ETH Bearish, BTC to Bounce Back, BNB - Best Bet Right Now? 🌩️ Bitcoin faces stormy weather, but don't fret! An imminent market rebound is on the horizon, according to ATTMO 📈. Recent reassuring news on Bitcoin's trading freeze on Binance may support the world's largest cryptocurrency. 🌧️ Ripple, on the other hand, faces stormy weather following comments made by its CEO on the SEC's on-going court case in Dubai, but is still likely to rebound in the coming hours. 🌴 The weather forecast for Binance Coin looks tropical - very bullish with some upside potential - over the next 24 hours 🌞. However, cloudy skies are predicted for altcoins such as Ethereum and Litecoin , indicating a slightly bearish market with downside risk 🌥️. Over a one-week horizon, ATTMO expects a sunny sky with a few scattered clouds - a slightly bullish market with upside potential for both major cryptocurrencies - Bitcoin and Ethereum , according to our data 🌤️. And, it's worth noting that Dogecoin is facing stormy weather, so an imminent market rebound is likely. 🐕 Stay informed with ATTMO's weather-inspired crypto predictions. Follow us for more updates! 🔍
BITSTAMP:ETHUSD
by ATTMO
XRP, BTC to Rebound 📈 ETH, LTC 🐻 BNB - Best Bet Right Now? 🤔Bitcoin is facing stormy weather 🌩️, but this could translate into an imminent market rebound in the next 24 hours. Ripple is also facing stormy weather while rebound is highly likely for it to happen in the next 4 hours. The next 24 hours look tropical and very bullish with upside potential for Binance Coin . However, altcoins like Ethereum and Litecoin are predicted to have cloudy skies, indicating a slightly bearish market with downside risk. Over a one-week horizon, ATTMO predicts a sunny sky with a few scattered clouds, indicating a slightly bullish market with upside potential for major cryptocurrencies like Bitcoin and Ethereum . Dogecoin faces stormy weather, which means an imminent market rebound could be on the horizon in the next 7 days. 🌤️☀️ Follow us for more updates on the latest trends and insights in the world of cryptocurrency!
by ATTMO
BTC, ETC - Bearish Signs🐻 XRP, BNB Potential Buy Candidates?🤔The global crypto market is experiencing a wild mix of cloudy and sunny weather! ☁️☀️ While Bitcoin and Ethereum are facing some clouds and downside risks, ATTMO, our weather-inspired AI tool, is forecasting a tropical climate for Binance Coin and Ripple . 🌴🌡️ That's right, the market is heating up and indicating very bullish weather conditions with upside potential for these two currencies! But wait, there's more! Over the next week, ATTMO data shows a slightly bullish market with upside potential for not only Bitcoin and Ethereum but also smaller cryptocurrencies, which could benefit from this optimistic mood. And while Dogecoin may be facing stormy weather ⛈️ ahead, signaling a drawn-out bear market, don't lose hope! An imminent market rebound is possible over the next week. Follow us and stay tuned for more exciting crypto weather updates with ATTMO! 🌈⛅️☔
by ATTMO
BTC, ETH ☁️ XRP, BNB Poised for Growth? 🚀🤔The global crypto market is experiencing a mix of cloudy and sunny weather ☁️☀️. While Bitcoin and Ethereum face some clouds and downside risks, a tropical climate 🌴🌡️ is predicted for Binance Coin and Ripple , indicating very bullish weather conditions with upside potential. Over a one-week horizon, ATTMO data shows a slightly bullish market with upside potential for both Bitcoin and Ethereum , as well as smaller ones which could benefit from this bullish mood. Dogecoin is expected to face stormy weather ⛈️ ahead, signaling a drawn-out bear market. But there's still hope, as an imminent market rebound is possible over the next week. Follow us and stay tuned for more crypto weather updates with ATTMO! 🌈⛅️☔
by ATTMO
Binance Coin WCA - Ascending Triangle PatternHello and thank you for taking the time to read my post. Today, we analyze the Binance Coin (BNB) chart on the USDT pairing on the weekly scale, focusing on a classic price pattern called the "Ascending Triangle Pattern." Ascending Triangle Pattern: The ascending triangle pattern is a bullish continuation pattern that usually forms during an uptrend. It is characterized by a horizontal resistance line and an upward-sloping support line, representing higher lows. The pattern indicates that the buyers are gradually gaining control as they push the price higher, leading to an eventual breakout above the resistance line. Analysis: The general trend for Binance Coin was bearish since 08/11/2021, with the head and shoulders pattern marking the top. However, from 20/06/2022 onwards, we entered a consolidation movement characterized by an ascending triangle price pattern. This pattern displays multiple touchpoints on the horizontal resistance and two clear wicks as diagonal upward slanting support. All of this occurs above the 200 EMA, suggesting a bullish environment i.e a bullish continuation. Price Targets and Resistance Levels: The price target for this pattern is set at 494, representing a ~46% price increase from the current level. On the way to the target, we may face minor resistance at 453. A breakout above the horizontal resistance line would be a strong signal to enter a trade. Breakout Filter: A breakout filter of 5% helps to avoid false breakouts and premature entries. We will continue to monitor the chart closely for any signs of a breakout. Until then, this trade remains a watchlist candidate. Conclusion: The Binance Coin weekly chart analysis highlights the ascending triangle pattern, indicating the potential for a bullish continuation. As we wait for a breakout above the resistance line, traders should closely monitor this chart and consider proper risk management and position sizing before entering any trade. Please note that this analysis is not financial advice. Always do your own due diligence when investing or trading. If you found this analysis helpful, please like, share, and follow for more updates. Happy trading! Best regards, Karim Subhieh
by KarimSubhieh
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 at the lower border of the local triangle. Let's start with setting the support line and as you can see the price stays right at the very strong support at $ 323.5, if the support is broken then the next support is $ 317.6 and $ 310.3. Now let's move on to the resistance line, as you can see the first resistance is $ 326.9, if you manage to break it, the next resistance will be $ 334.2, $ 340.3 and $ 346.3. Looking at the CHOP indicator, we see that there is still energy for movement, MACD indicates that we are on the verge of entering a local uptrend, while the RSI shows that a small price movement causes a large movement on the indicator, which in the short term may negatively affect the price.
by cryptodailyuk
9
BNB to see price rejection at recent lower highPrice action edged closer to the recent high, near $328. A move above the FVG zone ($331.5 - $333.7) and a lower high on 1 & 2 May could see a sell-off. The likely drop could hit the support zone of $316 - $320 (cyan). The support has been steady since mid-March. A close above the lower high ($336) will be an invalidation. Entry: $331.5 (FVG’s lower boundary) Target: $320 (support zone’s upper boundary) Stop-loss: $336 (lower high on 1 & 2 May) RR (Risk-Reward): 2.5
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by AMBCrypto_TA
1
Unraveling BNB's Journey - Key Support LevelsIn the past week, Binance Coin (BNB) has exhibited a comprehensive range-bound trend, with price fluctuations hovering around 325. However, at the onset of the previous week, BNB showcased noteworthy support around the 321 mark, subsequently surpassing the resistance level of 327 and reaching the previous price ceiling within the 340 range. It is worth noting that despite the corrective state of Bitcoin and its response to resistance, there is currently insufficient substantial demand to breach the resistance zone of 330-350 for BNB. Nonetheless, the key short-term support for Binance Coin remains at the price of 300. If the support level at 320 is breached, we can anticipate a decline in price towards the 300 mark. However, under favorable market conditions and the emergence of robust demand, it is expected that resistances will be overcome, potentially driving the price towards the target range of 370.
by MonoCoinSignal
3
Where is bitcoin going? Will the support survive?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, a small update to yesterday's BTC post. Technically: Bitcoin - failed to overcome local resistance (upper part of the triangle $29,650-$29,855) Ahead we have support in the lower part of the triangle border of $28,300, from where the buyer may be activated, but often such support can fail under pressure, or it ends with a squeeze movement and a return back to the borders of the pattern, in general, if you decide to gain from the current Long, be prepared for that that the price may go even lower than the current values, it is best to act with a grid of orders with an addition lower. At the moment, I have fixed a fully Long position and above in a total profit of 10% to the deposit with a leverage of 3X. I think that this is a good percentage in a short time. So far, I have not made a decision on marginal positions, but I will probably re-enter long soon, I want to wait for more confirmations to take a position.
BITSTAMP:BTCUSDShort
by DanilBlinkov
1
Bitcoin - exit from the triangle above $ 30,000Hi, the trader has prepared a new idea for you today. Put like and subscribe to the channel there a lot of useful information Previously, Long gained a position from $ 28.250 I made a decision to fix part of the profit from the long position. Tting: we have a pattern - a triangle for 12h the upper part is currently local resistance ($ 29.650) where can we get the seller’s reaction, if the price of Bitcoin can overcome the resistance, then we will most likely see a hike above $ 30,000, so I fix only part of the profit. I will find 50% of the profit: I transfer $ 29.650 to $ 29.650 to the used. What I advise you to do. All with a profit if also called from $ 28.250
BITSTAMP:BTCUSDLong
by DanilBlinkov
4
XRP, BNB Upside Potential 🌴🌡️ What About BTC, ETH ? 🤔Today's global crypto market is showing signs of a slightly bullish market with significant upside potential. 🌤️🐂 In particular, Ripple and Binance Coin are facing tropical 🌴🌡️ weather conditions, indicating a very bullish market with significant upside over the next 24 hours.📈 Over the one-week horizon, ATTMO expects market conditions to remain consistent for both major cryptocurrencies, Bitcoin and Ethereum , with slightly bullish conditions persisting, offering considerable upside potential. Additionally, ATTMO's data shows an imminent market rebound for Dogecoin in about a week's time. 🐕
by ATTMO
BNB/USDT 1DInterval Resistance and SupportHello everyone, let's look at the BNB to USDT chart on a single day timeframe. As you can see, the price is moving below the local downtrend line. Let's start with the support line and as you can see the first support at which the price is currently located is $ 324.8, if the support is broken then the next support is $ 318.8, $ 310.4 and $ 299.1. Now let's move on to the resistance line, as you can see the first resistance is $ 328.2, if you manage to break it, the next resistance will be $ 332.4, $ 336.3 and $ 342.6. Looking at the CHOP indicator, we see that there is a lot of energy for the upcoming move, the MACD indicates an ongoing downtrend, while the RSI is moving around the middle of the range, which makes it difficult to clearly determine the direction of the price.
by cryptodailyuk