Bnbanalysis
#BNB in an Uptrend, Strong Sell Wall at $340Past Performance of BNB
Overall, BNB prices are in an uptrend, though in a broader consolidation. From the daily chart, traders can look for opportunities to double down, expecting gains in the short term. Trading volumes have been low, impacting momentum and, thus, the rapidity of upsides. On the positive side, buyers stand a chance if BNB holds above $250.
#BNB Technical Analysis
BNB prices are within a $90 trade zone with caps at $340 and $250 on the lower end. As it is, buyers have support, anchoring the present leg up from around the 50 percent Fibonacci retracement line of the Q3 2022 trade range. A break above $340 may see BNB explode. However, the decisive rejection of the uptrend in early November 2022 impacts trading sentiment. Technically, sellers can turn the tide if BNB slips below $250, confirming November 8 and 9 bears from a volume analysis perspective. Notice that gains in the second half of November have been with relatively low trading volumes versus early November, questioning the strength of the uptrend. If the center fails to hold, BNB may drop to $220.
What to Expect from #BNB?
Traders are confident, but the general sentiment is doubtful of the downtrend. If BNB is to recover, the coin must break above $340 in a move that may lift the coin to $400 and later $460.
Resistance level to watch out for: $340
Support level to watch out for: $250
Disclaimer: Opinions expressed are not investment advice. Do your research.
#BNB Remains Bearish, Prices Retest $250Past Performance of BNB
BNB prices remain under pressure, down 32 percent from November 2022 highs. In the current formation, sellers remain in charge, and prices, despite traders hoping for the best, the coin is still inside a bear flag, as visible in the daily chart. The immediate support line flashes with the 50 percent Fibonacci retracement level of the June to August 2022 trade range at around $250. On the flip side, resistance is at $315, or November 10 high.
#BNB Technical Analysis
BNB prices, like other assets, are steady and moving within a narrow trade range. This calmness follows the damaging capitulation of November 8 and 9 that saw BNB slide by over 20 percent in two days. Traders can find entries on every attempt higher at $315, targeting $250. It is because prices are still bound by the November 9 bear candlestick, therefore swinging price action to favor bears from an effort versus result perspective. Besides, although there are higher highs relative to the lower BB, the coin is still within a bear breakout formation, with a general top-down preview being bearish.
What to Expect from #BNB?
Sellers are in a commanding position. This preview will only change if there are gains above $315, the November 10 highs, and, ideally, the total reversal of November 8 and 9 losses. There could be further liquidation if BNB shrinks below $250 with rising volumes.
Resistance level to watch out for: $315
Support level to watch out for: $250
Disclaimer: Opinions expressed are not investment advice. Do your research.
#BNB/USDT DAILY UPDATE BY CRYPTOSANDERS!!Hello, welcome to this BNB/USDT 1DAY chart update by CRYPTOSANDERS.
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CHART ANALYSIS:-Binance coin (BNB) rose to a five-month high to start the week, as cryptocurrency markets surged on Monday.
BNB/USD moved to a peak of $336.52 earlier today, which comes less than a day after trading at a low of $307.37.
Monday’s rise in price sees the token hit its highest point since May 9, when the coin was trading at $359.
Overall, BNB has now extended its recent bull run, with prices moving higher for a fourth consecutive day.
Despite recent hacks on a blockchain linked to Binance, its native token remains unscathed and has now risen by as much as $100 in the last ten days.
As a result of this, the 14-day relative strength index (RSI) has risen to overbought territory and is now tracking at its highest point since last April.
This is not a piece of financial advice.
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BNB - breaking through the local highs.After the reversal formation through the zero point spring, we saw a breakdown of the upside of the trading range. At this point in time it is hard to predict the further direction of the price but most likely we will see the price going to test the buyer. It is also possible that the price will not retrace too much and the asset will continue to show positive dynamics from the upper boundary of the range.
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P.S. Always do your own analysis before a trade. Put a stop loss. Fix profits in installments. Withdraw profits in fiat and make yourself and your loved ones happy.
BNBPERP - False breach of local highs via uptrust.This manipulation implies removal of stop losses of traders, who were in shorts, and implementation of buy orders for traders, who were intending to buy on the breakout of the maximum.
We may see the resumption of purchases (test) in several price ranges:
1)200-225.
2)105-130.
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your loved ones.
I have shifted my goals from my previous idea, but my scenario is the same
#BNB/USDT 1DAY UPDATE BY CRYPTO SANDERS !Hello, welcome to this BNB /USDT 4Hr chart update by CRYPTOSANDERS.
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CHART ANALYSIS:-BNB price is currently near the resistance and support of the pattern. If BNB breaks out of the triangle then the next target for BNB could be $520 $660 and if BNB breaks the triangle pattern then we can see that BNB is 170 and 200 thanks
This is not a piece of financial advice.
Hit the like button if you like it and share your charts in the comments section.
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BNB - BTC OverlayComparing early BTC to current BNB
Some of the structures are similar, particularly the last double top which is could be interpreted as BNB acting as an early BTC
I say its acting as an early BTC as the price action up is very aggressive.
If the double top end can be compared a large parabolic run could follow the current bottom that has been seen
BTC was around $300 before it ran to 20K in 2017/2018
BNB middle-term trade, good entry point on this weekendThe BNBUSDT price is behaving well, BNB buyers show that they are in control of the situation on the market, and the price itself is 30% above the minimum, which was set in June 2022.
Such a combination of facts taken from the BNBUSDT price chart provides good conditions for placing an order to enter a long position under the following conditions:
Entry $273,4 - 276,6
Stop $256,3
Take profit $331,4 (+20,5%)
P/L ratio 3/1
By the way, the trade that we published last weekend received a very accurate entry into a long position of BTCUSDT and is now in the process of being worked out
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BNBUSDTP 👌👌 SHORT 4HThe reason we did for B was based on several technical analysis methods, the RTM method, the Smart Money method, and the price action method. I also put it on the chart, one of my indicators is SMC bitmap, which shows the smart money concept method as an indicator, and also the buy and sell indicator, which is in English and Farsi for all the people of the world, as well as the people of my country, Iran. You can buy and use the payment form on www.bitmab8.com website
BNB Holders, Attention❗⚡I want to congratulate to CZ and his team for building such a productive ecosystem that has worked perfectly during the Bear Market. Today we're going to discuss BNB/BTC chart on Weekly time-frame.
At first glance at the chart, you can find out not only BNB wasn't bearish in bear market comparing to Bitcoin, but also it has acted super bullish. BNB has has grown more than 1300% since January 2021.
The beautiful part is where you look at the date when BTC has reached it's ATH (The date is marked on the chart) after that, market has started to crash but BNB still continued it's growth.
My Trading Culture :
1. I will never buy after multiple Green candles, instead I look for sell or short positions.
2. I will never sell after multiple Red candles, instead I look for buy or long positions.
According to the above points, I have a great news for BNB holders. After these strong pumps and multiple green candles in BNB/BTC, now I'm looking for take profit / sell areas. By the way, I unstaked my BNBs yesterday to make them ready to sell them for Bitcoin .
Now, let's head to chart to find out where are my exit points. You can see a Fibonacci Extension drawn with "A1", "B" and "C" (Let's call it "Fib1" ). This is my first and strongest pivot or returning area, so I call it " My 1st Take Profit " and will sell most of BNBs and swap them with BTC.
Let's see what else do we have on the chart,
1. There is a yellow ranging channel that is broken upwards. The target of this channel is as wide as it's width, you can see it as the blue marker on the chart. The important thing is that, this target overlaps with 1.272 Fibonacci level for our "Fib1" (mentioned earlier). By this, I can come to this conclusion that 0.017 is a strong Resistance/PRZ .
2.Let's look at another Fibonacci extension, drawn with "A2", "B" and "C" (I call it "Fib2" ). You can see the Fib2's 1 Fibonacci level is so close to our above PRZ around 0.017.
By combining the two points above, we can draw our second green area (It's called " My 2nd Take Profit " on the chart). This is a very strong and important possible turning point for Binance coin comparing to Bitcoin and I will sell all my remaining BNB if the price hit this area and swap them into Bitcoin the King of cryptocurrencies.
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This was my own strategy about BNB in my bag, I hope you enjoyed it. Feel free to ask any question you have and also share your own ideas about BNB in the comment section.💖
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BNB/USDT 4HOUR UPDATE BY CRYPTOSANDERSHello, welcome to this BNB /USDT 4Hr chart update by CRYPTOSANDERS.
I have tried my best to bring the best possible outcome to this chart.
Show some support do hit the like button, follow and comment in the comment section. this motivates me to bring this kind of chart analysis on a regular basis.
CHART ANALYSIS:-BNB broke the major resistance level and also give a confirmation retest. The next resistance is the $355-$360 area. BNB also gives a breakout on the daily timeframe. As expected the bull flag broke in an upward direction.
This is not a piece of financial advice.
Hit the like button if you like it and share your charts in the comments section.
thank you.
BNB/USDT - LONG L-T----- Welcome, dear followers! -----
- Here is my trading methodology. I trade with a normal system and analysis of resistance and support, as well as price reversal patterns.
- For the record, I do not place a stop loss within my trades. So that I only risk 1.5% of my total capital in order to support the loss due to a price reversal against me.
- If a price reversed against my expectation and touched the drawn line r3, then I transferred targets to the entry point and waited for the price to close at it with a loss equal to almost zero.
- Today's deal is shown in the chart, and here are the entry and exit points below.
-- Support me with numbers and follow up on my account for other deals in the future. Thank you for coming to this part. --
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⚡️⚡️ #BNB/USDT ⚡️⚡️
Client: My-Binance Futures
Trade Type: Breakout (Long)
Leverage: Cross (1X)
Entry Targets:
1) 327.04 - 100.0%
Take-Profit Targets:
1) 327.04 - 14.285%
2) 327.04 - 14.285%
3) 327.04 - 14.285%
4) 327.04 - 14.285%
5) 327.04 - 14.285%
6) 327.04 - 14.285%
7) 327.04 - 14.285%
Stop Targets:
1) 327.04 - 100.0%
Trailing Configuration:
Entry: Percentage (0.0%)
Take-Profit: Percentage (3.0%)
Stop: Breakeven -
Trigger: Target (1)
BNBPERP - Expect a price reduction.A lot of binance launchpad users remain locked in at local highs. We may see panic selling and expect a local correction first target mid-range, second lower boundary.
If you liked the idea, please like it. That's the best "Thank you!" for the author 😊
P.S. Always do your own analysis before a trade. Put a stop loss. Fix profits in installments. Take profits out in fiat and make yourself and your loved ones happy.