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BNB

BNB/USDT Weekly Chart Analysis:!!The BNB/USDT weekly chart shows a long-term uptrend with a series of higher highs and higher lows since early 2021. Recently, BNB has been in a consolidation phase, oscillating between strong support and resistance zones, but maintaining a long-term ascending trendline. The key support level is around $450, which aligns with the long-term ascending trendline. This level has consistently acted as a solid floor for price action during pullbacks. A major resistance level is around $676, marked by the previous high. A successful breakout above this level could open the door for further upside movement. A continued bounce from the ascending trendline with a push towards the resistance at $676. A breakout above $676 could trigger a rally toward the $1,000 mark, with further upside potential in the longer term. A failure to hold the support at $450 could lead to a deeper correction towards the next support level around $335 or lower. The chart hints at a potential cup and handle formation, with the "cup" part of the pattern forming since the high in 2021. A breakout above $676 could confirm this bullish continuation pattern. The smooth green curve suggests a possible projected path of the price, anticipating a gradual climb if key resistance levels are cleared. Indicators and Volume: Monitoring volume trends will be crucial; increased volume during a breakout above $676 would confirm the move's strength. Oscillators such as RSI nearing overbought levels may indicate short-term pullbacks, but the overall trend remains bullish as long as the ascending trendline is respected. The long-term outlook for BNB remains positive, especially if the price maintains above the ascending trendline. The projected path indicates potential growth towards $1,300 and beyond, contingent on maintaining the current upward momentum and breaking significant resistance levels. A stop-loss just below the $450 support is advisable for long positions to mitigate downside risk. For those looking at bearish setups, a confirmed break below the ascending trendline could warrant short positions targeting lower support zones. The chart analysis suggests a strong bullish trend continuation for BNB, with significant upside potential if key resistance levels are breached. Watching how the price reacts around the $676 resistance will clarify the next major move further. Disclaimer: This is not financial advice. Stay updated with market movements and adjust your trading strategy accordingly. Keep an eye out for further updates and analysis. Thank you!
Long
by CryptoSanders9563
1
BNBUSD more consolidation but long-term cyclically targets $2000Binance Coin (BNBUSD) has been in Accumulation Mode since early March (March 11 1W candle), trading sideways within initially the Mayer Multiple Bands (MMB) Mean (black trend-line) and the 1st SD above (grey trend-line) and more recently the latter and the 1W MA50 (blue trend-line). With reference to the 1W MA50 in particular, not only has it been the support since the late December 2023 bullish break-out but was successfully tested and held on the most recent pull-back, the August 05 Low. This solidifies its position as the Support throughout the remainder of the Bull Cycle, which was in fact also the case during the previous Cycle where BNB had the final accumulation phase (blue ellipse) from September to December 2020, again within the same MMB - 1W MA50 zone, which initiated the most aggressive part of the Cycle (parabolic rally). That rally peaked on the MM 3rd SD above (red trend-line) so a $2000 price tag, which will 'only' come close to the 2nd SD (orange trend-line), appears to be a realistic Target. In addition, the Sine Waves serve as an excellent tool in roughly estimating the timing of the Cycle's peak, as it was very efficient during the previous two Cycles. That could be anywhere around June 2025. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
BINANCE:BNBUSD
by TradingShot
BNB/USDT Chart Update!!Analysis: BNB/USDT continues to trade within a well-defined descending channel on the 2-hour timeframe. The price has recently bounced off a significant support zone around $498 - $505, suggesting buyers are stepping in at these levels. The bounce is taking place from the lower boundary of the channel, and there is potential for a move towards the upper trendline if buying pressure persists. Disclaimer: This is not financial advice. Stay updated with market movements and adjust your trading strategy accordingly. Keep an eye out for further updates and analysis. Thank you!
Long
by CryptoSanders9563
1
BNB - Daily Buy and Sell Zones Mapped OutThe daily chart for BNB highlights critical levels where buy opportunities may arise (green lines) and where sell pressure could increase (red lines). These zones are key for traders looking to capitalize on potential price movements in either direction. Disclaimer: Trading involves risk, and past performance is not indicative of future results. Always conduct your own analysis before making any trading decisions. Feel free to comment, share your thoughts, and follow for more precise trading levels and insights!
by Remora_traders
Alikze »» TIA | Ready to pullback to the broken structure🔍 Technical analysis: Ready for a pullback from the liquidity zone to the broken structure - According to the analysis of the previous post , TIA currency is moving in a downward channel. - As can be seen, lower floors and ceilings are forming, which further reinforces the bearish view. - Currently, in the 1D time frame, it is in the liquidity zone, which can target 3.17 with a pullback to the neckline and then the green box zone. - Therefore, in the case of a pullback to the broken structure and selling pressure in the Fibo area of ​​1.618, it can touch the mentioned targets. 💎 Alternative scenario: In addition, if it can break the neck line, it will have the ability to grow up to the supply area of ​​the previous ceiling and the ceiling of the channel. »»»«««»»»«««»»»««« Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support. Best Regards,❤️ Alikze. »»»«««»»»«««»»»««« BINANCE:TIAUSDT
Short
by alikze
1
Alikze »» SUI | Daily FVG gap🔍 Technical analysis: Daily FVG gap - According to the analysis presented in the previous post, after creating demand in the green box area, it grew to the supply area. - Currently, according to the structure formed in the supply area, a twin roof with a shorter roof is observed. - But in the 8H time frame, it is moving in a descending channel. Demand has also been met at the bottom of the channel. - Therefore, according to the FVG gap in the 1D time frame, if the selling pressure continues, it can make a correction to the green box area and retest it to fill the gap. 💎 Alternative scenario: also, if he can break the middle of the channel upwards, he can retest the supply area again. »»»«««»»»«««»»»««« Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support. Best Regards,❤️ Alikze. »»»«««»»»«««»»»««« BINANCE:SUIUSDT
Short
by alikze
Alikze »» BNB | Support zone failure🔍 Technical analysis: Support zone failure - In the 4H time frame, after not being able to break the supply area, it has faced selling pressure. - Currently, a bullish pattern is observed, which has extended to the supply area. - Therefore, any pullback to a broken structure can face selling pressure again. - So we should see an increase in selling pressure in the supply area to continue the corrective lag until the liquidity area. - In addition, in case of breaking the liquidity area, the correction can continue up to the specified areas and Fibo 2.618. Alternative scenario: In addition, if it can break and stabilize the supply area upwards, it can have a retest to the next supply area. 🛑Range of resistance or supply area: 531-547 🟢 Support area: 468-464 »»»«««»»»«««»»»««« Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support. Best Regards,❤️ Alikze. »»»«««»»»«««»»»««« BINANCE:BNBUSDT
Short
by alikze
BNB/USDT 1DAY CHART UPDATE !!Focusing on long setups, here is the daily chart of Binance Coin (BNB) against Tether (USDT). Here is the interpretation: The chart shows a horizontal support line near the $461 mark, which has been tested multiple times. This area is crucial for maintaining the overall uptrend. An ascending trendline starting from prior lower levels is shown, providing additional support and reinforcing the bullish bias if BNB stays above this line. The green line outlines a potential path where BNB could fall slightly, possibly towards support near $461, before bouncing back. The projected move suggests that a significant rally could follow if the support holds. Potential resistance levels are visible around $535 and further up, where the price could face challenges. The outlook remains bullish if BNB can maintain support above the ascending trendline and key horizontal support, targeting higher targets as indicated by the projected path. Overall, the chart suggests a bullish long-term outlook for BNB if it continues to respect key support levels and the ascending trendline. A possible initial pullback before a strong upward move is possible. Note: This is not financial advice. Stay tuned for further updates and analysis. Thank you!
Long
by CryptoSanders9563
1
BNBUSDT.1DAfter examining the BNB/USDT chart with a focus on its recent technical movements, here is my detailed analysis: Trend Analysis: The chart displays a distinct downward trend beginning from the recent high in July 2024. The presence of lower highs, as marked by the descending trendline, suggests continued bearish sentiment. Notably, the price attempted to recover but has been consistently rejected at lower levels, reinforcing the strength of this downtrend. Support and Resistance Levels: Resistance 1 (R1) at $613.5 is the immediate barrier, which aligns with the descending trendline. Overcoming this level would be crucial for any bullish recovery. Resistance 2 (R2) at $681.1 and Resistance 3 (R3) at $721.8 represent historical peaks and will be significant if a bullish momentum builds. Support 1 (S1) at $503.7, where the price has recently bounced, marks a critical juncture. A breach below this could see the price heading towards Support 2 (S2) at $401.8 and potentially Support 3 (S3). Support 4 (S4) represents the longer-term floor that might be tested if the downtrend persists. Technical Indicators: The Moving Average Convergence Divergence (MACD) is currently positioned below the signal line, which typically indicates bearish momentum. However, the histogram suggests the momentum is weakening as the bars are decreasing in size, possibly indicating a slowdown in the downward movement. The Relative Strength Index (RSI) is around 46, indicating neither overbought nor oversold conditions but leans slightly towards bearish sentiment. Current Price Situation: The price is approximately $540.2, nestled between S1 and the descending trendline. Its position beneath the trendline and near a moderate support level suggests a cautious market sentiment. Strategic Outlook: Given the prevailing technical setup, my strategy would focus on risk management and opportunistic trades based on price action near these key levels. A conservative approach would involve watching for the price to either: Break and sustain above R1, which could indicate a potential reversal or relief rally, targeting higher resistance levels. Fall below S1, confirming the bearish trend, which might necessitate short positions or exits from long positions, with S2 as the next target. Conclusion: This environment requires vigilance as the market is positioned at a delicate point near significant support. An increase in volume and further MACD divergence from its signal line would be key indicators to watch, as these might provide early signals of the market's next major move. As always, combining these technical insights with broader market news and sentiment will enhance decision-making accuracy.
Long
by MarsSignals
BNB-USDT 1D ChartHello everyone, I invite you to a quick review of the BNB to USDT chart on a one-day time frame. As you can see, the price has set a new local upward trend line, which is important to stay in the upward phase. After unfolding the Fib Retracement grid, you can see that the price rebounded from the level of $524, then the second support is at $500, the third support is at $477, and the fourth strong support is at $443. Looking the other way, there is strong resistance around $561, but much more important is the level of $605 which has currently rejected the increases.
by cryptodailyuk
BNBUSDT could reach the $4000 to $7000 rangeHello Traders, I'm excited to share my analysis on BNBUSDT using the weekly timeframe. Looking at the right chart on a standard scale, it's easy to feel confused 😕 as the broader picture is hard to see. However, switching to the logarithmic scale on the left chart, patterns and channels become much clearer. From this perspective, I anticipate that BNBUSDT could reach the $4000 to $7000 range around 12 to 24 months after breaking the resistance at $650. This analysis is focused on a long-term investment or a long position. I’d love to hear your insights and thoughts on this!
Long
by Eymen-GUVEN
BTC - Daily Bullish MomentumBINANCE:BTCUSDT has seen a bullish momentum recently, largely supported by a dovish outlook from the Federal Reserve. The Fed is now expected to implement further rate cuts by the end of 2024, which has softened the U.S. Dollar and, in turn, boosted BTC and gold prices. In addition, geopolitical uncertainties, such as the attempted assassination of a political figure, have driven safe-haven assets like gold and Bitcoin to new highs. Technically, COINBASE:BTCUSD is currently trading within a bullish expanding triangle pattern, a structure often associated with further upside potential. Given the current price action and the liquidity above $60K, there’s a strong case for BTC to revisit the resistance zone and potentially break to new highs. However, it’s essential to monitor the price action around key levels to confirm this bullish scenario. The combination of favorable macroeconomic conditions and supportive technical indicators suggests that CME:BTC1! could see continued growth in the near term.
Long
by Sober_Trading
BNBUSDT.1DReviewing the BNB/USDT chart on a daily timeframe, we observe a complex pattern with a notable trend of fluctuation and recent signs of potential recovery. Here's a breakdown of the key technical indicators and patterns that frame the current market sentiment and outlook for Binance Coin. Key Observations: Price Movement: BNB has shown a significant downtrend marked by a descending resistance line (R1), which has consistently capped upward movements. The price is currently approaching this resistance line again, suggesting an imminent test. Support and Resistance Levels: Resistance Levels (R1 and R2): R1 is currently at approximately $503.7, with R2 higher at $613.5, indicating potential target levels if the price breaks above R1. Support Levels (S1, S2): S1 is marked at $401.8, with S2 lower at $300, providing critical areas where the price might stabilize if it retraces. MACD Indicator: The MACD line is above the signal line and both are ascending, suggesting a building bullish momentum. This could be indicative of a shift towards a positive trend if sustained. RSI Indicator: The Relative Strength Index is near 55, which is moderately bullish and suggests that there is room for upward movement before BNB becomes technically 'overbought.' Technical Analysis and Conclusion: The current setup on the BNB/USDT chart indicates a pivotal moment where the asset is testing key resistance at R1. A break above this line could signal a strong bullish reversal, potentially leading the price towards the next resistance at R2. The positive divergence in the MACD supports this potential move, suggesting increasing bullish momentum. However, if the resistance at R1 holds, we might see a pullback to the support at S1, or further down to S2 if bearish pressures intensify. The presence of a higher low compared to the previous spikes suggests a strengthening in market sentiment, which might underpin recovery attempts. Trading Strategy: Bullish Scenario: Consider taking a long position if BNB convincingly breaks and holds above R1. Set a target near R2 with a stop-loss slightly below R1 to manage risk. Bearish Scenario: If BNB fails to breach R1 and reverses, a short position could be considered, targeting S1. Place a stop-loss just above R1 to limit potential losses. Traders should closely monitor volume and other market dynamics for confirmation of these movements. As always, external factors such as market news, overall crypto sentiment, and regulatory developments should be factored into any trading decisions to adjust strategies dynamically.
Long
by MarsSignals
1
Blood on the leaves.BNB is breaking structure and has also hit the top of the 0.5 Fibonacci level. Back in July, after reaching that point, we went down to the 0 Fibonacci level and are now currently looking for a relief crash down to 0.27 and then 0.618. We are also in the third wave down according to Elliott Wave Theory, completing the harshest wave. Last but not least, the structure is breaking out of a bear pennant. If you are familiar with price action and technical analysis, you can follow up and see that what I am articulating is accurate. Thanks for reading! :)
Short
by swurveeydope
1
BNB, Silence is deafening.. low key preppin BIG MOVES at bottom.BNB has somewhat been abandoned in terms of price growth in comparison with its big coin peers alongside other alts. It has stayed at the bottom range for quite sometime. A low key reversal maybe on queue that will be missed by majority. On our weekly data, BNB has tripled bounced on a solid order block at 220-240 range. This has been visited many times and it keeps bouncing off it for the past 12 months. This range is firm -- and a huge bounce maybe warranted after a few tries already. Increasing volume has been spotted this past few days with numbers surging +20% from its average numbers. The coin is currently sitting just above 78.6 FIB LEVEL -- a bargain that can't be missed. Histogram higher lows is being registered conveying of that a long term trend shift is about to materialize. A bubble up volume (bottom indicator) has finally appeared after 3 months -- since April 2023. If you missed the LTC, ETH, BTC bull train, BNB is kind enough to give you a chance. Spotted at 245 TAYOR. Safeguard capital always.
by JSAL
8