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BNB/USDT Chart Update !!BNB/USDT 1-day chart shows a bullish setup, showing the price breaking out of a descending triangle pattern, which is typically a continuation signal. Here is a breakdown of the analysis: BNB has recently broken the descending trendline of the triangle, indicating a bullish trend continuation. As indicated by the green line, the next target appears to be around the $713 resistance level. The 50-day (red) and 200-day (green) moving averages are both located below the current price, providing strong support levels if a pullback occurs. This setup is favorable for the continuation of the bullish momentum. The downward-facing upward trendline indicates additional support, which could protect the price from significant declines and maintain the bullish structure. This setup is favorable for a long position, with a target around $713 and a stop-loss below the breakout level to manage risk effectively. Keep an eye on potential pullbacks to the trendline or moving averages for re-entry points if the bullish momentum stalls. 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 coin. @Peter_CSAdmin
Long
by CryptoSanders9563
BNB/USDT 1day chart analiysis. BNB is currently trading at around $584, moving within a tightening consolidation pattern. This pattern is bounded by a symmetrical triangle, with the upper trendline acting as resistance and the lower trendline as support. The green line at approximately $713 represents a significant resistance level. A breakout above this level could indicate a strong bullish movement and potentially open up higher price targets. The chart includes a red and green moving average, representing short-term and long-term trends, respectively. The price currently sits close to the red line, indicating that it’s approaching a critical point. An upward arrow indicates a potential breakout scenario above the resistance level. This suggests that if BNB breaks out of the triangle pattern and crosses the $713 resistance level, it could continue its bullish momentum toward higher price zones. In case of a rejection at resistance, the dotted green path suggests that BNB might retrace to retest lower levels, potentially finding support around $520 or even lower within the triangle. A breakout above $713 could trigger a bullish continuation, making BNB attractive for swing traders looking for upward momentum. A failure to break the upper trendline may see BNB consolidating further within the triangle or dropping to lower support zones. 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 coin. @Peter_CSAdmin
Long
by CryptoSanders9563
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/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello, welcome to this BNB/USDT update by CRYPTO SANDERS. CHART ANALYSIS:- BNB, formerly Binance coin, was another big mover on Tuesday, as the token rose for a back-back session. BNB/USD reached a high of 213.19 earlier in the day, after starting the week at a low of 208.02. the native token of cryptocurrency exchange Binance now seems to be pushing for a ceiling of 220. BNB bulls will need to surpass an upcoming resistance point of 47.00 on the RSI indicator. BNB is now at a reading of 44.41, with the token trading marginally lower at 211.74. I have tried to bring the best possible outcome to this chart. Hit the like button if you like it and share your charts in the comments section. Thank you
Long
by CryptoSanders9563
BNB/USDT 1DAY UPDATE BY CRYPTOSANDERSHello, welcome to this BNB/USDT 1DAY chart update by CRYPTOSANDERS. I have tried to bring the best possible outcome to this chart. Show some support, hit the like button, and follow and comment in the comment section. this motivates me to bring this kind of chart analysis on a regular basis. CHART ANALYSIS:-BNB, or Binance coin, was also in the green to start the week, with prices moving to a multi-week high in the process. Following a bottom at 307.53 on Sunday, BNB/USD rose to an intraday peak of 316.83 earlier today. This surge saw BNB hit its highest level since May 9, when the token was trading above 320.00. BNB is now trading 2% higher than at the same point last week, with today’s rally sending the RSI to its strongest reading since May 1. In addition to this, the 10-day (red) moving average (MA) is also moving towards an upwards crossover with the 25-day (blue) MA. Should this cross take place, there is a good chance that BNB will move towards a long-term ceiling at the 340.00 mark. 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
by CryptoSanders9563
BNB/USDT 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this BNB/USDT 1DAY chart update by CRYPTOSANDERS. I have tried to bring the best possible outcome to this chart. Show some support, hit the like button, and follow and comment in the comment section. this motivates me to bring this kind of chart analysis on a regular basis. CHART ANALYSIS:-Binance coin Hello friends BNB/USDT forming an inverse head and shoulders pattern and the good news 200 moving average and 50 moving average crossover to the golden crossover 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
by CryptoSanders9563
BNBETH [1W] // Diamond for whalesHi friends! This is not an easy time, which creates even more questions before the time ahead. In this idea, we see the strongest pattern "Diamond", which will definitely be worked out. Based on the logic and analysis of the chart at earlier stages (starting from November, not August as here), we tend to break the pattern down, but we cannot rule out an upward movement. We suggest subscribing to updates of this idea, since closer to the moment of a breakthrough, we will understand the market situation more clearly and will be able to predict the right direction of movement with a high degree of probability.
Short
by Gethodl
BNB Head and Shoulders*logarithmic scale* Binance Coin broke the uptrendline, formed Head and Shoulders 🤷 pattern and price just broke the Neckline recently. I think there is chance for drop to 166 (logarithmic scale target) and even to 116 (regular scale target - see below). Setting SELL LIMIT order to neckline level to catch🎣 the potential pullback. ENTRY : neckline @ 255 STOPLOSS (SL) : Right Shoulder @ 317.8 TARGET (TP) : H&S target projection @ 166 (logarithmic scale) | H&S target projection @ 116 (regular scale) REWARD RISK RATIO (RRR) : 1.44 | 2.24 INVALIDATION : when SL level hit
Short
by bizmark
25
BNB to break out 2EDIT: Please ignore the lower chart, it's shown by mistake, just go with the upper chart and press the rectangle button to maximize it (alt + click). This is follow up to the original idea down below. We just got wider triangle before the real breakout. Binance Coin broke up this triangle📐 and I think there is chance for run to 314 and even higher. Setting BUY LIMIT order to previous range high to catch🎣 the pullback. ENTRY : local high @ 300.5 STOPLOSS (SL) : local low @ 295.7 TARGET (TP) : height of the triangle projected from midpoint of the local range (BUY LIMIT - STOPLOSS) @ 314.5 REWARD RISK RATIO (RRR) : 2.9 INVALIDATION : when SL level hit Check my other stuff in related ideas. Please boost🚀, comment🗣️, follow me✒️, enjoy📺! ⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.
Long
by bizmark
8
BNB to break outPlease 1st of all smash the boost🚀 button to support my work if you like it! It's absolutely for free. Binance Coin seems to be ready to break up this triangle 📐 and if successful I think there is chance for run to 315 and even higher. ENTRY : local high @ 300.8 STOPLOSS (SL) : local low @ 295.8 TARGET (TP) : height of the triangle projected from midpoint of the local range (BUY STOP-LIMIT - SL) @ 315 REWARD RISK RATIO (RRR) : 2.7 INVALIDATION : when SL level hit Check my other stuff in related ideas. Please boost🚀, comment🗣️, follow me✒️, enjoy📺! ⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.
Long
by bizmark
7
#BNB/USDT DAILY UPDATE BY CRYPTOSANDERS!!Hello, members and welcome to this BNB /USDT quick chart analysis. In the current scenario, BNB is heading towards the lower support area of ​​$270 As per the current scenario, if BNB holds the $294 level, we could see a rally from that level. Now, IMO we should sit aside from the market until there is a bullish divergence. This is not a piece of financial advice. Then, hit the like button and share your chart in the comment section if you like it. Thanks.
by CryptoSanders9563
#BNB/USDT DAILY UPDATE BY CRYPTOSANDERS!!Hello, members and welcome to this BNB /USDT quick chart analysis. In the current scenario, BNB is heading towards the lower support area of ​​$260 As per the current scenario, if BNB holds the $270 level, we could see a rally from that level. Now, IMO we should sit aside from the market until there is a bullish divergence. This is not a piece of financial advice. Then, hit the like button and share your chart in the comment section if you like it. Thanks.
by CryptoSanders9563
1
BNB/USDT 4HOUR UPDATE BY CRYPTOSANDERSWelcome to this quick BNB/USDT 4HOUR analysis in the chart I have tried my best to bring the best possible outcome in this chart. hello folks. Welcome to our BNB/USDT quick 4hr update, BNB/USDT currently trading inside the Symmetrical triangle pattern and creating head & shoulder patterns inside the Symmetrical triangle. According to the current scenario, BNB should break the red ma and upper trend line which will be the sign of a bullish trend, or it breaks the lower trend line then it will be bearish. So, till the confirmation, we should wait. This is not a piece of financial advice. 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
1
Daily BNBETH UpdateBNB and ETH have been trading in a range since mid May 2021 and we are still in a very tight ranging range with neither one being able to outshine the other for a sustained period. I've had most of my "trading bank" in BNB since to last bounce off the lower support line (purple line). It does appear however that BNB is starting to build strength against ETH. It is in a local (shallow) uptrend and we are above recent MACD crossovers. RSI has also just managed to lift its head up into the green, signalling that there is a net positive sentiment for BNB over ETH. Only time will tell if it can build on this further or if ETH will stage a comeback.
by marcusdw1
Daily BNBETH UpdateBNB has been showing some strength again over ETH in the last few days, but until proven wrong, I'm considering this as a short retracement in the downtrend. I've used a few red arrows to highlight the weakness in BNB's upward move over ETH. You can see that while price has been moving up, volume has been falling indicating that there is no commitment from the market to this move. ADX also shows that price movement has been accompanied by a general fall in interest from both buyers and sellers. There is not much splitting the two at the moment as both have been outperforming the wider market. I think there is a high probability that BNB will come back down to re-test the $0.1320 level again (previous level of demand).
by marcusdw1
Daily BNBETH UpdateThe major trading pairs are all looking very vague at the moment with trading slowing to a crawl. I'm not trusting most of the indicators as the volume is too low for them to have any meaning. BNB has been trending up against ETH (all be it weakly) since the end of October and at this point still is. Recent price movement has brought it back down to the trend line where it is currently looking for support. With such low volume being traded it's hard to say what will be the likely move from here, but until we see a break of the trend we must assume that it's still in place. We should see a definitive move in the next day, be that a break of the trend or a bounce off support. I'm holding BNB and will continue to do so until that trend line breaks. On a more fundamental level, BNB is a smaller market cap and so it's more likely we see larger moves up and down than we see in ETH. If we see a continued recovery in the wider market, BNB should continue to outperform ETH.
by marcusdw1