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Bnblong

BNB Possible Double Bottom Trading PlanTLDR: • BNB is on the verge of breaking out the range high in a possible Double bottom reversal. • Above the range high is a supply zone between 256 – 266 USD. • I consider this supply zone as another layer of resistance. • Wait for a retest of the range high as support and for green dots on the TTM Squeeze indicator before betting the farm on BNB. Background: • Between the 5th of June and the June 12th BNB lost 30% of its dollar value. • On June 12th, BNB reached the selling climax and set the range low at 220$. • On June 13th and 14th BNB rallied to make the range high at 252$. • On June 28th, BNB tested the range low as support. • Until today BNB wasn’t able to successfully break out of the range. Supply Zones: • BNB’s downward move was in a “drop, base, drop” pattern. This pattern created two supply zones above the range high. • The first supply zone is between 256 -263 USD. • The second Supply zone is between 274 -281 USD. • Until these supply zones are exhausted BNB’s uptrend can be challenged. Double Bottom Pattern: • A double Bottom is a bullish reversal pattern. • The double bottom is confirmed only after a break above the neckline. • It is not clear yet if we are in a range or in a double bottom. However, it makes no difference as far as the trading plan is concerned. Trading plan: • I am writing this trading plan assuming that we do have a double bottom and that BNB will break above the range high. If the breakout fails, I will look for another entry and update you. • Pay attention to the supply zone just above the range high. This supply zone will create bearish pressure on BNB and may push the price down, possibly below the range high. • Don’t buy the breakout. Buy the retest of the range high as support. • Take profit or move your SL before the second supply zone between 273 – 280 USD. • You mnust look at the volume candles to verify the breakout. A breakout on low volume is, most likely, doomed from the beginning. • You can use the TTM squeeze indicator (by Beardy_Fred) as confluence. Wait for the green dots as a sign that volatility is back. However, this is a lagging indicator. To make the best use of this indicator, check the LTF. Trade Idea: • Entry: 252 USD (only after a retest and green dot) • SL: 243 USD • Target: 308 USD • R: R: 1:5 • TP: 273, 208 NFA What do you think? Please share in the comments. Best wishes.
BINANCE:BNBUSD.PLong
by NewThoughtCrypto
BNB Recovery Roadmap• It is not the first time it seems like BNB is up against the ropes. In November/December 2022 BNB faced some serious headwinds following rumors about Binance being insolvent. The affiliation between Binance and BNB coin caused a 30% drop in BNB’s price. • Experience shows that these FUD cycles are a great buying opportunity if you can take the pressure. Then and now, we do not know where the bottom is. However, we can use past experience as a guide to future recovery. • On December 17th, price was at 220 USD and the RSI was at 24.83 (oversold level). Today, BNB is at the same price and the daily RSI is at 17.6, extremely oversold. While I cannot say with certainty that a bullish reversal is imminent, I think it probable. BNB Recovery Roadmap: • I took the fractal from BNB’s last recovery and coupled it with current EMAs, and daily support and resistance and the picture makes sense to me. I hope it does to you as well. • Step 0: Hold Support. This is a precondition. BNB must hold the 220$ level to allow price to recover. Further price drops will make BNB’s recovery much harder and slower. • Step 1: Above 4H 21 EMA. BNB must get above the 4H 20 EMA and hold the level to reduce immediate bearish pressure. If BNB does that, we can begin to feel optimistic about a possible trend change. • Step 2: Above the 4H 50 EMA. If BNB can get above at the 4H 50 EMA and consolidate that level for a short time, like it did in the past (blue dots), I think it qualifies as a Change of Character and sign of bullish reversal. • Step 3: Above the 20D EMA. If BNB can get above the 20D EMA and flip the 270 – 280 USD level to support, I will be confident that BNB is on the mend. • Step 4: Above daily resistance. The 308$ level held BNB back throughout the month of May and the beginning of June (orange circle). If this level flips to support, we can aim for the range high.
Long
by NewThoughtCrypto
The Big Danger Awaiting BNBBNB, which had an order block of around $265, was rejected by this block about 5 times and then stood at around $210. In the scenario where this block is rejected, $350 can be seen again, but I think this scenario is risky as I heard from various sources that Binance is an attempt to hold BNB by selling Bitcoin. In the scenario where $210 support is broken, BNB will face the downtrend that it broke before. There is a possibility of a return from here, but if this does not hold, the $210 - $43 gap becomes extraordinarily dangerous.
by YavuzAkbay
WIll $BNB stop dropping? LAUNCHPOOL announcement🚀🚀🚀After #SEC announced the files against Binance the price of CRYPTOCAP:BNB is constantly falling. Looking at the 45m chart the price is between support and resistance and it hit once the resistance level of $246 some hours ago. It is noticeable that the latest price move seem to be bullish and in combination with the Binance announcement regarding the #MAV lanchpool, I believe that we are going to be an upward trend soon. ⚡ RESISTANCE : $246.7 ⭐ SUPPORT : $234.7 ANALYSIS OUTCOME : LONG 🚀🚀 This is not a financial advice! Please tell me in the comments your opinions!
Long
by logicrypto
BNBUSDT AnalystHello everyone! I want share my idea about BNB. We saw really good and massive down movement of BNB. its looking very bearish but although on high timeframe it looks pretty good for buy because we are close to 1W trendline and support. I am looking bullish bitcoin too, if bitcoin price will go up I think it will help to BNB for start uptrend from here. its linked in the idea. Here is my 2 scene of price movement which is possible happen, but for me from here scene which is uptrend is more possible to happen because its really good new low for buy BNB. Be patient! Buy Low Sell High!
Long
by elmakacho
BNB Short TF Long Setup• I am still expecting BNB to make a lower low. However, it looks as if a relief rally is in the cards for next week. We need to watch out for the ISM services PMI announcement tomorrow (June 5th) but otherwise I think we are short-term bullish. • Following BNB’s PA, you can see that the 308 USD horizontal level is meaningful. I mean that if it flips to support, we can expect a short-term bounce. • Furthermore, if BNB can get above the 308 USD level and flip it, it will also be above the 4H 20 & 50 EMAs which will reduce the bearish pressure. • If BNB reclaims the 316 USD level and the Diagonal line, I think we are off to the races. Please read my previous Idea about BNB for more context. My Trade Idea: • Entry: 308.6 (after retest). • SL: 306.4 (local resistance/support) • Target: 315 • R: R > 1:3 • If this trade is successful, I will not cash out completely because it may go higher. NFA What do you think? Please share in the comments Best wishes to all.
Long
by NewThoughtCrypto
4
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
BINANCE imagine being bearish in BNB 😂Imagine being bearish in BNB lmao. Think of it anon, if BNB crashes crypto would be sent back to stone age. I've been a user on Binance platform for 7 years and I know enough to know this is all driven FUD by USA after FTX collapsed. With that being said, knowing BNB is not going away after being put on the spotlight and gaslighted by american exchanges, powell, and the FED. Knowing its not going anywhere, Binance is going to be one big monster in the crypto industry which is what the FED did not want. Once the fire settles, BNB will go to all time highs. In a hypothetical scenario where Binance, one of the world's largest cryptocurrency exchanges, were to collapse, it could have significant effects on the cryptocurrency space. Here are three possible effects: Decreased Liquidity and Volatility: Binance is one of the most liquid cryptocurrency exchanges in the market, meaning that it facilitates a significant amount of trading volume. Its collapse could lead to a decrease in liquidity and increased volatility, as traders may struggle to find buyers and sellers for their cryptocurrencies. This could lead to significant price swings, making it difficult for traders to manage their positions. Loss of Investor Confidence: Binance is known for its security and reliability, and its collapse could lead to a loss of confidence in the cryptocurrency market as a whole. Investors and traders may question the security and reliability of other cryptocurrency exchanges and the underlying technology itself. This could lead to a decline in investment and a decrease in adoption of cryptocurrencies. Regulatory Scrutiny: The collapse of Binance could lead to increased regulatory scrutiny of the cryptocurrency market. Governments and regulatory bodies may see the failure of a large exchange like Binance as evidence that the market is not mature enough to be trusted. This could lead to increased regulation, which could be detrimental to the growth and adoption of cryptocurrencies. Additionally, regulatory uncertainty could cause other cryptocurrency exchanges to be more cautious in their operations, potentially leading to decreased innovation and investment in the space.
Long
by CryptoGao1
2
BNB Bullish ProjectionBNB is currently facing a significant resistance level that has been tested four times before. In November 22, there was a fakeout at the same level, causing the price to drop below the resistance. In recent days, the cryptocurrency market has seen a surge in trading volume. If this momentum persists, BNB is likely to break above the crucial level and extend its rally towards my designated target zones. However, if the price falls below the resistance level, there is a chance that it may revisit the lower trendline. What is your opinion on the matter? Please show your support and provide your thoughts in the comments section.
Long
by Popeson
BNB Growth Predictionhello to friends There is a lot to talk about the price of BNB, however, in summary, I am trying to introduce two resistance area that crossing them will cause the price of BNB to grow in the long term. The first resistance range will be $345, which will be a weak resistance. The next resistance range is $430, which is a stronger resistance, and after that we have to wait for a significant increase in the price of BNB. This text is only a prediction and does not have an investment recommendation aspect.
Long
by Ra-Ro