BNB/USD - Rejected just under ATH, another try soon! 😍After a fantastic rally in the last two weeks, BNB nearly reached its all-time high this week, which sits at $692. However, the bears stepped in and stopped the increase just before that key level. Despite this, BNB had a good week and increased by 9.7%.
BNB has found good support at $600 where the bears were unable to push prices lower. This support is expected to hold in the nearby future as BNB may attempt another break of the all-time high resistance. The bias also remains bullish as long as BNB manages to hold the price above the key support level.
Looking ahead, BNB should continue to have a strong performance as long as the overall market remains bullish. BNB has also managed to break above the $100 billion market capitalization this week and sustain this level, which is a significant milestone.
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BNBBTC
BNB COIN May Fall to 18000 Area - BNBTHB💔Having created ATH of 22498.79, BNBTHB price have formed a falling flag setup at the same time shifted the structure of the market entirely. We may see a retest of 21384.21 area which happens to be our OB area.
Buyers have to be very careful to avoid getting trapped on that OB area since we have a 2 equal highs which suggests from previous price movements that volatility could increase around thereby getting buyers excited and tempted to buy the break out.
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Daily BNBETH UpdateFor those of you who trade on Binance this chart is of more interest. With BTC, ETH and BNB being the major trading pairs on Binance it's good to understand which of the three is outperforming over time. While ETH has been outperforming both BTC and BNB for some time, over the last week we can see in this chart that the tables may be turning towards BNB. Both the RSI and ADX are showing BNB displaying new strength over BTC and ETH. I'll be watching this chart closely and if this continues will rebalance my portfolio to have a greater weighting in BNB over the other two. At this point I don't consider any real trend to be in place, however, it could well be the start of one.
BNB all time highBNB (binance coin) broke resistance at $620 after some consolidation between $600 and $620. It hit all-time-high of $670 earlier and now is at $660. All my posts on crypto has been on BTC, ETH, BNB and SOL (all of which has performed really well). Congrats to those who have held any of these. Do remember to practice caution and always diversify.
BNB/USD - Did you buy BNB? What now? $600! 😍As expected, BNB does not disappoint and has reached the first target.
There may be some resistance at $600, but BNB will likely perform even better and set a new ATH eventually. So long the market is bullish... BNB is set to make new gains due to market demand.
Nothing bearish on this chart. Excellent break from the pennant, with a retest and beautiful rally since then.
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BNB/USDT 4HOUR UPDATEWelcome to this quick
bnb/usdt analysis.
I have tried my best to bring the best possible outcome me in this chart.
Reason of trade :-bnb/usdt is bullish falling wedge
Entry:- cmp And buy the dip in green zone
Traget:- 25% to 30%
Stoploss:- $546
Remember:-This is not a piece of financial advice. All investment made by me is under my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade.
Happy trading.
Sorry for my english it is not my native languages.
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BNB/BTC buy opportunityHi followers,
BINANCE:BNBBTC Showing positive signs, after forming divergence in price and RSI, buyers stepped in and the price formed a higher low.
Will the pair break the down trendline and attempt to retest previous all time highs?
Don't forget to manage your risk! 👌
Good luck and trade with care 🙏
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Disclaimer: This information is not a recommendation to BUY or SELL. It is to be used for educational purposes only!
BNBUSDT Technical Analysis⏳ Spot
💎 BNBUSDT has been moving in the ascending channel and has been making HHs and HLs. After breaking above the resistance level and a successful retest it shows several rejections from the new support zone
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🏁 Short & Medium Term
💵 Invest Only 5% of your Portfolio
🎳 Entry at Market or at 530.9 - 544.3
☕️ TP1 564.1
🍺 TP2 607.5
🍻 TP3 639.5
🍾 TP4 670.2
🍷 TP5
🍸 TP6
🍹 TP7
🎁 TP8
🚫 SL 497.0
Good Luck 🎲
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Binance BNBUSDT - 3x Ascending channel on the weekly scale!- Binance Coin - BNB Rank #3 on CoinMarketCap.
- BNB is by far one of the most bullish altcoin out there!
- My impulse Elliott wave is telling me that there will be another pump very soon.
- 3x Parallel channel can act as a support / resistance in the future.
- For expected duration of the trade, probability, stop loss, profit target, entry price and risk to reward ratio ( RRR ) - please check my signature below ↓
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BNB nice intraday opportunityPrice formed inverse head & shoulders pattern and has since broke above into a short phase forming a consolidation / flag type pattern. Waiting for break and hold out of this zone before price makes its way up to its next resistance of the 2 day zone.
- entry chart: 4 or 8 hour
- stop loss: slightly below highest volitilty in consolidation range (use VPVR for this)
- take profit: 2 day support and resistance zone
BNB - Next For New ALL TIME HIGHS? 🐼🥟Probably yes! Our chart has worked well before and may it work well now again.
Price is over support and might be ready to increase pace...
Binance coin market dominance along with the market cap is observing a strong upside momentum. The volume of the coin is also seeing strong momentum. The volume to market cap ratio of the coin suggests a strong bullish trend. One can invest in Binance as per their needs and risk adversity.
Few days ago, Binance announced Monday that it has burned nearly 1.4 million BNB tokens (worth about $640 million at current prices) in its largest-ever burn.
Burning refers to the process of permanently removing a crypto token from circulation, thereby reducing its supply and potentially increasing its price. When Binance launched BNB in 2017, it committed to burning a total of 100 million BNB, i.e., 50% of its total supply. BNB's 40% supply was originally allocated to the Binance team.
Professor is Long on Binance BNB... And we like the gas fees.. ;)
One Love.
the FXPROFESSOR
BNB LONGBNB did created a Supply zone on weekly where price can fell badly if structure start shifting. But with fundamental help we just can have a clean break above and continuation.
BNB in my knowledge can rally towards ETH.
BNB Gaming & play to earn development will make BNB build strong hold in future. I can see BNB around 5K next year & above.
✴️ BNB breaks the major resistance!Well, as you can see, BNB breaks the major resistance of $500 - $510 and is now trading above it. We may see a retest of $500 - $510 area (New Support) before the next move up. The next resistance is $550 and $600 levels, and I mentioned them in the chart. BNB is bullish after the breakout, and we see good movement in the coming days.
BNB a new price level and an attempt at defenseAfter a long price stagnation, BNB broke the new price level and we will now observe whether the trend will continue or whether we will return to the old price level