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Bnbanalysis

#Binance Coin Priming for a Leg Up, will BNB Clear $300?Past Performance of Binance Coin BNB is solid at spot rates, printing positive higher highs as per the formation in the daily chart. As it is, buyers have the upper hand and have been soaking in the deluge of selling pressure. Even though the October 5 bar closed as bearish, it had a long lower wick pointing to strength during the NY session. #Binance Coin Technical Analysis BNB is bullish, adding roughly 14 percent from September 2022 lows. Most importantly, buyers are on the cusp of breaking above $300. A notable observation is that BNB bull bars are riding the upper BB, pointing to sustained upside momentum. Therefore, risk-off traders may search to accumulate on dips, targeting August 2022 highs at $330. Meanwhile, risk-on traders can wait for a conclusive breakout formation above $300, or September 2022 highs, before loading. Ideally, the break above, should buyers follow through, ought to be with increasing volumes. In that case, the leg up towards $330 may be sustained by high BNB demand. What to Expect from #BNB? The BNBUSDT candlestick arrangement points to buyers. Even so, there must be a convincing break above $300 to confirm the reversal from around the 50 percent Fibonacci retracement level of the June to August 2022 trade range. If buyers have the upper hand, the coin may recover. It will be a welcomed relief following ten tough months of sharp lower lows. Resistance level to watch out for: $300 Support level to watch out for: $280 Disclaimer: Opinions expressed are not investment advice. Do your research.
Long
by Bitcoin_Analyzer
BNB: HITTING THE RESISTANCE.Hey guys, here's a quick BNB update for you all. I hope this will be helpful. Timeframe: 3 hours. Update: Lately, BNB has been pushing hard to remain bullish, and recently it has come to a decisive point where BNB is facing the resistance of $292. Any coin that faces resistance always has a risk of getting rejected depending on the RSI move, the volume, and fundamentals. In the case of BNB, the RSI is in the overbought zone, with no big volume, and no major events. If the rejection takes place then we may see BNB back to the $280 to $270 level. Even if we see a breakthrough, BNB will still have to face the $300 resistance level. Once, BNB confirms a rejection, we can go short on it. Sadly, I did not scalp BNB but for those who are long on BNB in shorter TF, it'll be good to book some profits. That's it from my end. Thank you and trade safely.
Short
by Dexter_The_Trader
8
Binance Coin (BNB) - will the buyer bring the case to its logica A coin that wants to appear stronger than the market. On the daily timeframe we see a reversal formation. No offer, zero point spring with a test and subsequent transition into a trend movement. It looks interesting, observe. 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. Withdraw profits in fiat and make yourself and your loved ones happy.
BINANCE:BNBUSD.P
by Artem_Dishel
3
#BNB/USDT 1DAY UPDATE!!Hello dear traders, we here new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in the comments, and we will try to answer for all, thank you, guys. Binance Coin (BNB) 1DAY UPDATE:- Binance Coin has lost the uptrend established in March 2020. This may spell trouble in the future as its price could enter a significant correction. For now, the cryptocurrency is consolidating in a descending triangle, represented in blue on the chart. For this reason, BNB only increased by 1% compared to seven days of acritical The key support is found at $261, and the resistance at $300. This descending triangle will likely be resolved by mid,-October at which point we will know where Binance Coin is headed next. Should the price fall below the triangle, then bears will likely dominate the price action and aim for $200. Despite this bearish outlook, the fundamentals for BNB remain strong, and any significant decrease in price could be followed by a speedy recovery. This is contingent on the overall crypto market recovering since that will bring back demand for BNB on the largest crypto, exchange which is behind this coin. Sorry for my English it is not my native language. Hit the like button if you like it and share your charts in the comments section. Thank you
by CryptoSanders9563
4
#Binance Coin Recovers, BNB Prices May Rally to $300Past Performance of Binance Coin Binance Coin is in green at spot rates, adding four percent against the greenback. BNB gains may be attributed to market-wide gains over the last 24 hours. Despite these welcomed recoveries, sellers have the upper hand. BNB prices may break above critical resistance levels for trend continuation. Currently, the primary support lies at around $260, while resistance is at $300. #Binance Coin Technical Analysis BNB prices bounced from the 50 percent Fibonacci retracement level of the June to August trade range. The recovery mirrors September 7 bulls and reaffirms the significance of the $250 support—a multi-week accumulation line. While the September 22 bar is wide-ranging, volumes are comparatively low. Therefore, traders may wait for a follow-through above $280 and the middle BB. If buyers flow back, risk-off traders may look for long entries on dips above $250, targeting September highs at $300 and later $340. Conversely, a sell-off below $250 invalidates this bullish preview. What to Expect from #BNB? Overall, Binance Coin bulls are resilient. Losses of the past weeks were limited to around the 50 percent Fibonacci retracement level. If bulls build on yesterday's gains, BNB prices would likely expand to retest August highs in a buy trend continuation formation. Resistance level to watch out for: $280 Support level to watch out for: $250 Disclaimer: Opinions expressed are not investment advice. Do your research.
Short
by Bitcoin_Analyzer
BNB: A POTENTIAL MOVE TOWARDS THE UPSIDEHello folks, welcome to this quick BNB update. Timeframe: 6 hours. Update: BNB has been holding the supporting trendline quite well. This falling wedge pattern indicates a positive move in BNB. We may see BNB bouncing back but the upper resistance trendline at $286 could be an actual challenge. On the negative side, we have the current lower support at $258 and until and unless BNB breaks this level, we may not see any negative results on BNB. If you are long in BNB and your entry is close to the bottom support then you are good to go. Be careful of any negative impact on the market and the breakdown level. I hope this update was helpful. Trade safely, guys.
Long
by Dexter_The_Trader
4
BNB Forecast & Idea✅ Risk warning, disclaimer: the above is a personal market judgment based on published information and historical chart data on trading-view, And only a few of these analyzes are my actual trades. I hope Traders consider I am not responsible for your trades and investment decision. ------------------------------ ✅ Please write any advice or suggestions. Dear friends, request any cryptocurrency pair, currencies pair for forex, and any index that you want to be analyzed and ask any questions. Thanks for your attention
Short
by Arash-RK
#BNB Coin is under pressure, Buyers Find support at $275Past Performance of BNB BNB, like other crypto assets, wasn't spared. The coin is down five percent in the past trading week but is stable on the last trading day. BNB remains in a bear breakout formation even though bulls are not overstretched compared to other coins. #BNB Technical Analysis The coin is down roughly 16 percent from August 2022 highs and is trading within a bear breakout pattern following losses on August 19 and 26. With prices below the 20-day moving average and the trend defined by the wide-ranging, high volume bar of late last week, the immediate trend is bearish from an effort versus results perspective. Aggressive traders can unload on every attempt higher towards $310, and the middle BB, targeting $275, last week's primary support. On the reverse side, there could be more opportunities below $275, permitting risk-on, conservative traders to sell with targets at $240, flashing with the 61.8 percent Fibonacci retracement level of the June to August 2022 trade range. An unexpected surge above $310 and the middle BB, backed with expanding trading volumes, may pump BNB to $340, nullifying the current bearish preview. What to Expect from #BNB? The #Binance ecosystem is vibrant and designed to support BNB. However, bears have the upper hand if prices are trapped below $300. Only gains reversing losses of August 19 may inspire bulls, pumping the coin towards August 2022 highs. Resistance level to watch out for: $310 Support level to watch out for: $275 Disclaimer: Opinions expressed are not investment advice. Do your research.
Short
by Bitcoin_Analyzer
#BNB/USDT 1DAY UPDATE !Hello dear traders, we here new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in the comments, and we will try to answer for all, thank you, guys. BNB/USDT UPDATE :- Hello Friends As I mentioned in the last update and we are expecting BNB to bounce from $272 and 100MA is pumping continuously we can expect if BNB from here to $306 and $337 Remember:-This is not a piece of financial advice. All investment made by me is at my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade. Sorry for my English it is not my native language. Do hit the like button if you like it and share your charts in the comments section. Thank you.
BINANCE:BNBUSD
by CryptoSanders9563
2
#BNB/USDT LONG TRADE SETUP !!Hello dear traders, we here new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in the comments, and we will try to answer for all, thank you, guys. Long BNB/USDT TRADE SETUP Entry - CMP and $284 Target- 10% SL:-$282 Lev:- 10X TO 20X Remember:-This is not a piece of financial advice. All investment made by me is at my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade. Sorry for my English it is not my native language. Do hit the like button if you like it and share your charts in the comments section. Thank you.
Long
by CryptoSanders9563
#Binance Coin Recoils after a 70% Rally, BNB Support at $300#Past Performance of the Binance Coin BNB is undoubtedly one of the top performers in the recent past. It is currently up 70 percent from 2022 pits despite losses in recent days. The primary trend is upwards, and resistance is around $340. This level coincides with May 2022 highs, a critical liquidation zone that buyers must overcome for a clear-cut trend definition. Binance Coin Technical Analysis After solid gains from mid-June 2022 following sharp losses in H1 2022, BNB rebounded solidly. At spot rates, the coin's prices have nearly doubled. All the same, there are lower lows versus the upper BB, suggesting weakness and tapering momentum. The immediate support is the middle BB, the 20-day moving average, and later $300, the psychological round number. Therefore, provided these reaction levels hold, aggressive traders can ramp up in expectation of trend continuation. Meanwhile, playing your trades close to the chest means waiting for a break above $340 and May 2022 highs. In that case, BNB bulls may ride the resulting trend, ideally if the breakout bar has high trading volumes, targeting $360 and $450. What to Expect from #BNB? Bulls are confident, but cracks are beginning to emerge, questioning the strength of the uptrend. The first resistance level is $340 and must be broken if buyers need to sustain and continue with the current leg up. Resistance level to watch out for: $340 Support level to watch out for: $300 Disclaimer: Opinions expressed are not investment advice. Do your research.
Long
by Bitcoin_Analyzer