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BNBBTC

BNB/USDT LONG TRADE SETUP AND ANALIYSIS !!This BNB/USDT chart provides an update with a long trade setup. Binance Coin (BNB) is currently trading around $578.1, and it is retreating slightly after touching the resistance zone. Around $534.1, indicated by the following trendline, provides a potential bounce zone. The target resistance level is around $711.4, which suggests bullish potential for this long trade. The current price level of around $578.1 can be seen as an entry point for a long position, expecting the price to rise. As protection against downside risk, support lies just below the level of around $507.1. The green box highlights a target zone near $711.4, which offers a favorable risk-reward ratio if the price continues to move upwards. The chart also indicates a potential breakout from the descending trendline, with the yellow moving average suggesting upward momentum. The long setup expects the price to continue rising after this pullback, with the moving averages supporting the positive trend. Disclaimer: This analysis is for informational purposes and is not financial advice. Always stay updated with market movements and adjust your trading strategies as needed. You can DM us for information on any other altcoin. @Peter_CSAdmin
Long
by CryptoSanders9563
BNB's Potential Surge: CZ's Release and Buyer Zone AnticipationThe recent developments surrounding CZ's release have sparked optimism across the market, potentially fueling a rise in BNB’s value. As seen in the chart, we are currently monitoring a key buyer zone (marked by the green box), which has been identified as a significant area of interest. If price action confirms this level, it could provide a strong entry point for buyers, aligning with the positive market sentiment following CZ's return.
Long
by UmutTrades
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 Eyes Bullish Breakout: Price Attempts Upward TrajectoryThe price of Binance Coin (BNB) is currently exhibiting interesting technical signals on the 4-hour chart, hinting at a potential bullish breakout. This analysis delves into the current price action, focusing on the 100-day Simple Moving Average (SMA) and the established bullish trendline, to gauge BNB's future trajectory. 100-Day SMA: A Benchmark for Momentum The 100-day SMA acts as a crucial indicator of long-term momentum in the market. It represents the average closing price of BNB over the past 100 days, smoothing out short-term price fluctuations and revealing the underlying trend. Currently, the price of BNB is trading above the 100-day SMA, signifying a potential shift towards a bullish uptrend. This position above the 100-day SMA suggests that the overall buying pressure for BNB is outweighing the selling pressure. Traditionally, a sustained move above this key moving average is often interpreted as a bullish signal, indicating that the long-term trend for BNB may be positive. Bullish Trendline: A Guide for Direction The 4-hour chart also reveals the presence of a bullish trendline. This line is formed by connecting a series of higher swing lows on the price chart, highlighting the overall uptrend direction. In an ideal scenario, the price should respect this trendline by finding support at its touchpoints. The analysis points out that BNB has previously attempted to break above this bullish trendline, but faced selling pressure that resulted in a pullback. However, the recent price action suggests a renewed attempt to reclaim this uptrend. This retest of the trendline is a critical juncture, as a successful breakout could signal a continuation of the bullish momentum. The Importance of Confirmation While the current technical indicators are promising, it's crucial to emphasize the importance of confirmation before drawing definitive conclusions. Here's how confirmation can be established: • Volume: A surge in trading volume alongside the breakout from the trendline would provide stronger validation of the bullish move. Higher volume suggests increased participation from buyers, reinforcing the uptrend. • Technical Indicators: The convergence of other technical indicators, such as the Relative Strength Index (RSI) or the Moving Average Convergence Divergence (MACD), with the bullish signals on the chart can bolster confidence in the breakout. Looking Ahead The confluence of the price trading above the 100-day SMA and the retest of the bullish trendline paints a potentially optimistic picture for BNB. If confirmed by increased volume and supportive technical indicators, this could lead to a sustained price increase in the coming weeks. However, it's important to acknowledge that the cryptocurrency market remains volatile, and unforeseen events can trigger price reversals. Continuing to monitor market developments and incorporating additional technical analysis is essential for making informed investment decisions.
by bryandowningqln
BNB is bearish for the MID-TermIt went above ATH but could not stabilize above ATH. Below the price there is the liquidity pool and Liquidity Void. It is expected that the price will soon sweep these liquidity. We specified the targets on the chart. Closing a daily candle above the invalidation level will violate the analysis Note that the financial market is risky, so: Do not enter any position without confirmation and trigger. Do not enter a position without setting a stop. Do not enter a position without capital management. When we reach the first TP, save some profit and try to move the stop continuously in the direction of your profit. If you have any comments please post them, comments will help us improve our performance Thanks
Short
by iMoneyTeam
BNB about to loss support ? BNB / USDT After a major coin like BNB makes a new ATH then doing a clear and simple retest like this in which giving the majority the chance to buy it = 90% of cases is dump In 90% of cases of retested triangles after new ATH = more dump to take more liquidity below the triangle (Ex : this happens in BTC as well recently) Iam long term supporter of BNB but short term looks more for correction The confirmation :losing the dynamic support in my chart This isn’t a Financial advice
Short
by Babenski
4
BNB: analaysis in D1📊Analysis by AhmadArz: According to the flag pattern that we saw the best reactions in the past, we can expect the same analysis from the chart at this time.🧨 Just keep in mind that there is a 10% chance of a fake breakout on each side of this horizontal trend.🚨 🔗"Uncover new opportunities in the world of cryptocurrencies with AhmadArz. 💡Join us on TradingView and expand your investment knowledge with our five years of experience in financial markets." 🚀Please boost and💬 comment to share your thoughts with us!
by ahmadarz
BNB looks bullishConsidering the HLs on the chart and the bullish mCH on the chart and the breaking of the trigger line, we can have a bullish view on BNB. If there is a pullback on the green range, we will look for buy/long positions. The target is clear on the chart Closing a daily candle above the invalidation level will violate the analysis For risk management, please don't forget stop loss and capital management When we reach the first target, save some profit and then change the stop to entry Comment if you have any questions Thank You
Long
by behdark
BNBBTC.1WThe weekly chart for BNB/BTC offers a broad perspective on the market trends and technical levels significant for medium to long-term trading decisions. Key Resistance and Support Levels: Resistance 1 (R1): 0.012091 - This is a critical resistance level. A move above this could signal strong bullish momentum, potentially leading to further gains. Support 1 (S1): 0.008128 - This level is currently acting as support, with the price rebounding from this point recently. Support 2 (S2): 0.006216 - This is a lower support level that might come into play if there's a significant downward move. Technical Indicators: Relative Strength Index (RSI): The RSI is currently at 53.30, which is slightly above the neutral 50 mark, indicating a slight bullish bias in the market. This level suggests that there might be more room for upward movement before the asset becomes overbought. Moving Average Convergence Divergence (MACD): The MACD is above the signal line, and the histogram bars are positive, indicating bullish momentum. This setup suggests that the bullish trend could continue, particularly if the MACD maintains its position above the signal line. Trend Analysis: The price appears to be recovering after a significant downtrend, showing signs of stabilization and potential reversal. The recent price action has been making higher lows, which is a bullish indication in the context of technical analysis. Conclusion: The current setup on the BNB/BTC weekly chart points towards a cautiously bullish outlook. The price holding above S1 at 0.008128 and the positive signals from both the RSI and MACD support this view. Traders might consider taking long positions if the price continues to hold above this support level, targeting R1 at 0.012091 as a potential exit or profit-taking point. However, it's essential to watch for any changes in market sentiment that could lead the price back towards S1, and possibly S2 if the trend reverses sharply. Setting stop losses slightly below S1 could help mitigate the risk of a sudden bearish downturn. As always, it's crucial to consider other market factors and news that could influence price movements when trading on macro trends like those seen on a weekly chart.
Long
by MarsSignals