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Bnbanalysis

Cryptolean Binancecoin BNB UpdateDaily Chart Binancecoin is neutral in the daily chart and teasing the top of the daily range zone at $589. An inability to break $589 to the upside will push BNB price towards $480, however the price action towards $480 will be slow and choppy. If Binancecoin is unable to maintain price above $480, the daily support zone (marked grey) we will see BNB in the bearish zone with price declining towards $421 and, likely, lower to $302-$352. The interaction with $302-$352 zone will be very important and could lead to a bullish rejection. In the bullish scenario from its current price, a daily candle closure or, even better, several closures above the key resistance of $589 are required for Binancecoin to have another bullish extension: first, to $647 and, then higher, to $717-$766. Boost once read! Thank you.
by Trade-Lean
BNB price is preparing for a strong growth soon ?The year 2023 was not the best for Binance and CZ, if we analyze the news background, lawsuits, fines, etc. But everything seems to have "calmed down and stabilized" The other day, there was another burning of BNB worth more than $600 million. Now, 154 million of the 200 million coins that were in circulation at the beginning are in circulation. Almost half of the planned amount was burned (ultimately, only 100 million BNB should remain in circulation). It seems to us that a good "window of opportunity" is now opening up to drive the BNBUSDT price to the range of $520-540. There you can sell a little BNB to cover the "expenses" of the past year) _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
Long
by P_S_trade
21
BNB promising cup and handle patternThe BNB/USDT pair is currently displaying a promising cup and handle pattern on the daily time frame, suggesting a potential bullish reversal. This classic chart pattern typically signifies a period of consolidation followed by a breakout to the upside. With the cup and handle formation in play, there's a strong possibility of a continuation of the upward trend, potentially targeting around $455 USD for BNB. This target is derived from the pattern's measured move, projecting the expected advance after the breakout. Moreover, the MACD indicator is indicating a forthcoming bounce, adding further confirmation to the bullish outlook. The convergence of positive signals from both the price pattern and the momentum oscillator enhances the probability of an upward momentum surge. If the short-term trendline is breached and the cup and handle pattern is confirmed, it could act as a catalyst for a substantial upward move. Traders and investors alike may anticipate a significant rally, leveraging the breakout to capitalize on potential gains. In conclusion, the technical setup for BNB/USDT appears highly favorable, with the cup and handle pattern, coupled with a potential MACD bounce, indicating a bullish trajectory. Confirmation of the breakout could trigger a notable surge in price, with $455 USD emerging as a viable target for the upward movement.
Long
by Bitcoinblockchainonline
BNBUSDT.1DBased on the market data provided, BNB (Binance Coin) is currently trading at 485 USDT. In the short term (4h chart), the RSI (Relative Strength Index) is at 75.27, which is considered to be in the overbought territory. This could indicate that a correction or a slight pullback might be in the offing. The MACD (Moving Average Convergence Divergence) is at 17.5, which suggests a bullish trend. The Bollinger Bands (BB) are at 495.0, with BNB trading below the upper band, indicating less overbought conditions. The immediate supports for BNB in the short term are at 459.0, 426.0, and 406.0 USDT, while the resistances are at 495.0, 502.0, and 518.0 USDT. In the medium term (1d chart), the RSI is at 78.0, which also indicates overbought conditions. The MACD is at 31.6, suggesting a bullish trend. The Bollinger Bands are at 495.0, again with BNB trading below the upper band. The medium-term supports for BNB are at 397.0, 351.0, and 336.0 USDT, whereas the resistances are at 509.0, 543.0, and 575.0 USDT. In the long term (7d chart), the RSI is at 86.19, indicating heavily overbought conditions. The MACD is at 44.5, suggesting a strong bullish trend. The Bollinger Bands are at 495.0, with BNB trading below the upper band. The long-term supports for BNB are at 329.0, 300.0, and 210.0 USDT, whereas the resistances are at 509.0, 614.0, and 695.0 USDT. In conclusion, BNB appears to be in a strong uptrend, but the overbought conditions indicated by the RSI in all time frames suggest that a pullback or correction is possible. It's important to watch the support and resistance levels for potential breakout or bounce. As always, it's recommended to keep an eye on market news and use proper risk management strategies when trading.
Long
by MarsSignals
1
💡Don't miss the great buy opportunity in BNBBTC %66My friends, I am intensively working on BNB. You can also review my previous analyses regarding BNB. I hold a positive view on BNB. The ecosystem is expanding, the BNB staking in launchpads, Binance's dominance in the sector, and the token burning policy until it drops below 100 million—all these factors are positive for BNB. As you can see, my past predictions have never been wrong. Now, I am expecting a 66% increase with a 5% risk factor. My expectations are actually higher, but this is what I can share with you.
Long
by srmustafabas
BNBUSDTBased on the given market data, the Binance Coin (BNB) is currently trading at $348 against USDT. The Relative Strength Index (RSI) for 4 hours, 1 day and 7 days are 44.49, 75.01, and 76.11 respectively. This indicates that the coin is in a neutral zone in the 4-hour interval, but is overbought in the 1-day and 7-day intervals. The Moving Average Convergence Divergence (MACD) for 4 hours, 1 day and 7 days are 1.5, 13.5 and 23.5 respectively. This suggests a bullish trend in the market as the MACD is above zero in all intervals. The Bollinger Bands (Bb) for 4 hours, 1 day and 7 days are 361.0, 366.0 and 366.0 respectively. The current price is below the middle band in all intervals, indicating a potential upward movement. The support levels for 4 hours are $344, $331, and $326, whereas for 1 day they are $339, $325 and $304, and for 7 days they are $284, $263 and $222. The resistance levels for 4 hours are $358, $368, and $379, whereas for 1 day they are $367, $378 and $386, and for 7 days they are $367, $401 and $454. In conclusion, the technical analysis indicates a bullish trend for BNB. However, the overbought conditions suggested by the RSI for 1 day and 7 days might trigger a price correction in the short term. As always, it's essential to consider these indicators in conjunction with other factors and your individual risk tolerance.
by MarsSignals
2
Binance Coin still in fourth wave. Looks bullish💰💸💵📈Reviewing the Binance Coin (BNB) against Tether (USDT) chart, it's notable that the Elliott Wave structure points to us currently being in the fourth wave. Correcting the previous analysis, we do not see the completion of the fifth wave but rather the fourth wave, which suggests that the market is in a corrective phase rather than an impulsive final wave push. The presence of high-volume nodes at lower price levels indicates significant trading interest, which could act as potential support zones for BNB if the price retraces. The areas of liquidity highlighted on the chart (not specified by color) are of particular interest, as they often represent levels where institutional investors might place substantial orders. Fibonacci retracement levels drawn on the chart serve as technical landmarks for potential reversals or continuation of trends. For instance, the 0.618 retracement level around the 322-325 USD range is a critical area to monitor for potential institutional activity, as reversals often occur at such key Fibonacci levels. In terms of candlestick formations, large bullish candles with long lower wicks can indicate strong buying interest at lower prices, while long upper wicks can suggest selling pressure at higher price levels. These candlestick patterns, combined with the identified Elliott Wave phase and liquidity areas, help create a narrative around potential smart money actions. To capture the sentiment of smart money, it's crucial to observe how price reacts upon reaching these significant levels. Any substantial breakout or reversal at these points could signal smart money's influence on the market, providing insights for strategic entry or exit points. As we continue to observe BNB's price action, we must remain flexible to the market's dynamics and adjust our analysis as new information unfolds, always considering the potential strategies and movements of smart money within the market's structure.
Long
by CryptoDiabloo
BNB/Binance Technical Analysis and Trade IdeaMarket Context: BNB/Binance has enjoyed a strong bullish run, but monthly timeframe signals point towards the asset being overbought. Additionally, a move into previous highs on teh 1M and 1W charts hint at a possible pullback to the 50-61.8% Fibonacci retracement area. This zone often sees increased liquidity, which could attract long positions from institutional players. Potential Trade Strategies: Counter-Trend Short: Consider a short entry around the current price level, placing a stop-loss above the recent highs. Aim for a 1:1 risk-reward ratio on this trade. Fibonacci Buy: Look for a buying opportunity near the 61.8% Fibonacci retracement level, anticipating potential long positions from larger market participants. Place a stop-loss below the recent swing low and establish target levels as covered in the video. Disclaimer: The analysis presented reflects my interpretation of market conditions and is intended for educational purposes. It does not constitute financial advice. Before executing any trades, conduct your own comprehensive research and carefully consider your risk tolerance.
by fxtraderanthony
BNB very negative scenarioComprehensive Analysis of the Potential Downturn in BNB/USDT: A Bleak Scenario Unfolding As we delve into the intricate web of factors surrounding the Binance Coin (BNB) and its pairing with Tether (USDT), a comprehensive examination reveals a gloomy outlook that may pave the way for a substantial decline from its current value of $307 to a support line around $47. The bearish sentiment is deeply rooted in the analysis of a prolonged trading channel, which has played a pivotal role in shaping the recent price action. BNB/USDT has shown signs of exhaustion within this channel, as repeated attempts to breach higher resistances have been met with increasing resistance. This suggests a potential breakdown of the established bullish structure, leading to a significant correction. A critical aspect adding weight to this negative scenario is the trajectory of the Moving Average Convergence Divergence (MACD) indicator. The MACD line's descent into negative territory signals a waning bullish momentum and a possible shift towards a sustained bearish trend. This decline is indicative of diminishing buying pressure and could precipitate a cascade effect as market participants reassess their positions. Moreover, the impending breach of key support levels, particularly the $47 mark, could trigger a domino effect of sell-offs. The convergence of technical indicators and the breach of such critical support could catalyze a rapid descent, leading to the aforementioned price target. In conclusion, the combination of a protracted trading channel, a MACD signaling negative momentum, and the impending breach of crucial support levels paints a bleak picture for BNB/USDT. Traders and investors should exercise caution and consider risk mitigation strategies in the face of these ominous indicators. It is crucial to stay informed and adapt to evolving market conditions, as unforeseen events can swiftly alter the trajectory of any asset.
Short
by Bitcoinblockchainonline
💡Don't miss the great buy opportunity in BNBUSDTAs BNB flirts with a significant resistance trendline, the anticipation of a breakout builds. A decisive close above this level could ignite a rally towards Fibonacci extension levels of 1.272 and 1.414, correlating to a price target around $1200—representing a fivefold gain from the current position. Given Binance's stature as the 'father of the crypto market,' it's plausible to expect a vested interest in bolstering the value of its native coin. Investors should monitor this pivotal movement, as BNB's ascendancy could be a testament to Binance's influence in the crypto ecosystem. My rigorous and detailed analyses of BNB, visible at my TradingView profile, have historically captured the pulse of its market movements, proving to be successful time and again. With Binance's dominant market role, BNB is on the brink of a potential quintuple surge, as it approaches a pivotal breakout point. My extensive research and careful market scrutiny suggest a strong upside, especially with Binance's vested interest in enhancing the value of its flagship coin.
BLong
by srmustafabas