BNB is LongBNB is long till $366 now, keep your SL tight. market has given enough shakeout yesterday
Bnbprice
BNB in a MASSIVE Bearflag.. BNB has been trading sideways for many months and after all the legal problems they have, its time to go LOWER. BNB is in my opinion still OVERVALUED. and also, there has not been any CAPITULATION event on BNB holders.
As you can see, volume keeps dropping (bearish sign). very low liqiudity. also, BNB has formed a MASSIVE BEARFLAG. the flag has already broken down.
in crypto, things must get WORSE before it gets better, and for BNB its time to get worse. i believe in the WORST case scenario, bnb can go as low as 120 or 80 dollar. In the BEST scenario, bnb can go as low as 202 or 180 dollar.
They say dont fight the FED, i say dont fight the SEC.
BINANCE:BNBUSDT BINANCE:BNBUSDT.P KUCOIN:BNBUSDT MEXC:BNBUSDT
BNB Possible Double Bottom Trading PlanTLDR:
• BNB is on the verge of breaking out the range high in a possible Double bottom reversal.
• Above the range high is a supply zone between 256 – 266 USD.
• I consider this supply zone as another layer of resistance.
• Wait for a retest of the range high as support and for green dots on the TTM Squeeze indicator before betting the farm on BNB.
Background:
• Between the 5th of June and the June 12th BNB lost 30% of its dollar value.
• On June 12th, BNB reached the selling climax and set the range low at 220$.
• 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.
BNB LTF Analysis
BNB is moving in an Ascending Triangle.
BNB managed to get above the 21 & 50 EMAs on the 4H.
The area between 253 – 267 is strong resistance. Above 267, the risk of a breakdown is much reduced.
IF BNB fails to break through resistance the next supports are:
238 USD.
231 USD.
220 USD.
In my opinion, BNB’s outlook is positive, and I do not think it is likely to drop below the 220$ level.
NFA.
What do you think? Please share in the comments.
Best wishes to all.
#BNB Slips 4%, Coin under Pressure and May Fall below $300Past Performance of BNB
BNB prices might have a strong Q1 2023, adding 55%, but the coin remains under pressure. Trackers reveal that it is down 5% in the last week of trading but relatively steady in the past 24 hours. Even though the uptrend remains, the coin is under immense liquidation pressure from the daily chart. The immediate resistance level is around $345 but $330, marking March 27 bear bar, is a vital reaction point for traders.
#BNB Technical Analysis
From the daily chart, prices are within a bear breakout formation, consolidating inside a wide-ranging sell candlestick. With a spike in trading volumes accompanying the sell-off of March 27, buyers are yet to recover, and prices are consolidating horizontally inside the bar. In the day ahead, traders can watch out for how prices react at $300, marking last week's lows and $330, or March 27 highs. A high volume close above $330, reversing losses, is ideal but should be wide-ranging, convincingly canceling out bears, perhaps lifting the coin towards $350. On the other hand, losses below $300 will trigger a sell-off confirming the anchor bar of March 27. It is highly likely that BNB will slip to March lows at $270 in that eventuality.
What to Expect From #BNB?
Traders are hopeful but regulatory factors could heap more pressure on BNB. Immediate reaction points remain at $330 and $345 to the upper side and $300, or last week's lows. Any dip below recent support could heap more pressure on the coin.
Resistance level to watch out for: $330
Support level to watch out for: $300
Disclaimer: Opinions expressed are not investment advice. Do your research.
BNB Dumps 11% from February Highs, Key Support At $290 Past Performance of BNB
Like the rest of the crypto markets, BNB remains under pressure. The coin is down roughly 11% from February peaks and could trickle even lower in the days ahead. BNB’s slide might continue in the short term unless prices swing above the middle BB.
#BNB Technical Analysis
There are two levels of resistance limiting BNB bulls’ progress. The first is the middle BB, where, following losses on February 9, prices have remained below the dynamic line. Second, BNB is capped at $320. Therefore, unless BNB expands to close above these two zones, the short-term trend is skewed for a break below $290. In that eventuality, traders may ride the breakout, dumping BNB as they target $250. This flashes with the 78.6% Fibonacci retracement level of the December to February trade range.
What to Expect From #BNB?
The short-term trend favors sellers. If there are losses below $290, BNB may extend their losses, even sliding to crucial support levels, and an opportunity for aggressive sellers. For now, traders may wait for a clear trend definition in the short term, aware that gains above $320 may be a reprieve for optimistic bulls.
Resistance level to watch out for: $320
Support level to watch out for: $290
Disclaimer: Opinions expressed are not investment advice. Do your research.
#BNB Accumulates, Critical Resistance At $320Past Performance of BNB
BNB prices are stable at spot rates, trading within a tight range in the past few days. Even though the uptrend is valid, there can be concerns in the short term, more so if BNB fails to close above $320. Support lies at around $295.
#BNB Technical Analysis
Traders are confident that BNB will resume its uptrend. Nonetheless, the consolidation of the past few days, coupled with the failure of buyers to push the coin above $320, is a concern. The primary trend, nonetheless, remains northwards. However, BNB must rise above this week's highs with expanding volumes for trend continuation. The breakout bar would anchor the leg up towards $340 in a retest of February highs. Conversely, losses below $295 may see BNB slip to $255 in a contraction.
What to Expect from #BNB?
BNB is bullish, but the short-term swings favor sellers. If BNB manages to break above the current accumulation, there could be a reprieve for buyers. If not, the coin might slip to retest critical support levels of the December-February range.
Resistance level to watch out for: $320
Support level to watch out for: $295
Disclaimer: Opinions expressed are not investment advice. Do your research.
#BNB Drops 15% in 2 Weeks, Path Back to $260?Past Performance of BNB
BNB is down 15 percent from last week. Yesterday's bar was bearish and engulfing with a spike in trading volumes. Since the bar is breaking down below the middle BB, that is, the support, and has high participation lines; it signals that the uptrend is over. Subsequently, traders may search for entries to sell, targeting key support lines defined in January and Q4 2022.
#BNB Technical Analysis
Sellers are in control. The drop in prices on February 13 may spill over to today. In that case, traders can search for selling opportunities if prices are below February 13 high at around $315. The sell-off mirrors the drop of February 9, pointing to immense selling pressure in BNB. Based on the formation in the daily chart, the next target for determined sellers could be $260, marking September 2022 lows. If BNB sellers press on, prices may retest December 2022 lows of $230.
What to Expect from #BNB?
BNB is under immense selling pressure and could post even more losses in the days ahead. From the daily chart, any surge above $320 and February highs will rejuvenate demand, canceling out sellers.
Resistance level to watch out for: $320
Support level to watch out for: $260
Disclaimer: Opinions expressed are not investment advice. Do your research.
#BNB May Post More Gains on Breakout above $320Past Performance of BNB
Like the rest of the markets, BNB bulls are solid and angling for more as the shift turns, buoying buyers. BNB remains within a bullish breakout formation at spot rates above $250. Still, traders should watch out for how prices react at $320. Any breakout with increasing volumes may see the coin soar to November 2022 highs.
#BNB Technical Analysis
Buyers are firmly in charge. The bullish bar of January 29 follows the consolidation inside a rising wedge in the better part of last week. The immediate resistance is at $320, while support is the middle BB. As long as prices are above $285 and the 20-day moving average, any surge above the recent consolidation may see BNB soar to $350. This formation will allow swing traders to ride the trend as BNB bottoms up.
What to Expect from #BNB?
Bulls are confident, and BNB has more room if there are substantial gains above $320. If the breakout is with rising volumes above the liquidation line, buyers might push the coin to new reaction levels.
Resistance level to watch out for: $320
Support level to watch out for: $285
Disclaimer: Opinions expressed are not investment advice. Do your research.
#BNB in an Uptrend, Strong Sell Wall at $340Past Performance of BNB
Overall, BNB prices are in an uptrend, though in a broader consolidation. From the daily chart, traders can look for opportunities to double down, expecting gains in the short term. Trading volumes have been low, impacting momentum and, thus, the rapidity of upsides. On the positive side, buyers stand a chance if BNB holds above $250.
#BNB Technical Analysis
BNB prices are within a $90 trade zone with caps at $340 and $250 on the lower end. As it is, buyers have support, anchoring the present leg up from around the 50 percent Fibonacci retracement line of the Q3 2022 trade range. A break above $340 may see BNB explode. However, the decisive rejection of the uptrend in early November 2022 impacts trading sentiment. Technically, sellers can turn the tide if BNB slips below $250, confirming November 8 and 9 bears from a volume analysis perspective. Notice that gains in the second half of November have been with relatively low trading volumes versus early November, questioning the strength of the uptrend. If the center fails to hold, BNB may drop to $220.
What to Expect from #BNB?
Traders are confident, but the general sentiment is doubtful of the downtrend. If BNB is to recover, the coin must break above $340 in a move that may lift the coin to $400 and later $460.
Resistance level to watch out for: $340
Support level to watch out for: $250
Disclaimer: Opinions expressed are not investment advice. Do your research.
#BNB Remains Bearish, Prices Retest $250Past Performance of BNB
BNB prices remain under pressure, down 32 percent from November 2022 highs. In the current formation, sellers remain in charge, and prices, despite traders hoping for the best, the coin is still inside a bear flag, as visible in the daily chart. The immediate support line flashes with the 50 percent Fibonacci retracement level of the June to August 2022 trade range at around $250. On the flip side, resistance is at $315, or November 10 high.
#BNB Technical Analysis
BNB prices, like other assets, are steady and moving within a narrow trade range. This calmness follows the damaging capitulation of November 8 and 9 that saw BNB slide by over 20 percent in two days. Traders can find entries on every attempt higher at $315, targeting $250. It is because prices are still bound by the November 9 bear candlestick, therefore swinging price action to favor bears from an effort versus result perspective. Besides, although there are higher highs relative to the lower BB, the coin is still within a bear breakout formation, with a general top-down preview being bearish.
What to Expect from #BNB?
Sellers are in a commanding position. This preview will only change if there are gains above $315, the November 10 highs, and, ideally, the total reversal of November 8 and 9 losses. There could be further liquidation if BNB shrinks below $250 with rising volumes.
Resistance level to watch out for: $315
Support level to watch out for: $250
Disclaimer: Opinions expressed are not investment advice. Do your research.
#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.
#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.
#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.
#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.
#Binance Coin Bulls Upbeat, BNB Likely to Ease Past $242Past Performance of Binance Coin
Like the rest of the crypto scene, the BNB coin is relatively stable and bullish in the short term. Considering the formation in the daily chart, traders expect more upsides in the short term as long as prices trend higher, above crucial support levels registered last week. Currently, prices are above the middle BB, and bulls are actively absorbing bear pressure.
#BNB Technical Analysis
BNB volatility is low, and prices are stuck within tight trade ranges, evident in the daily chart. Prices edged higher on July 5 and bulls can double down in subsequent sessions as long as prices are above $212. If prices print higher above $242, risk-averse traders may begin loading up with immediate targets at $335. This formation will unwind losses of mid-June and set the foundation for a possible swing towards April 2022 highs of $455. Conversely, if BNB unexpectedly slips below $212, BNB will likely post more losses, sliding to 2022 lows of around $185.
What to Expect from BNB?
Traders are bullish. Still, at spot rates, BNB has strong resistance at $242. A break above this level may propel the coin to key reaction levels in H1 2022, signaling the initial stages of price bottoming up after sharp downturns in the past few months.
Resistance level to watch out for: $242
Support level to watch out for: $212
Disclaimer: Opinions expressed are not investment advice. Do your research.
BNB LOOKING SUPER BULLISHBNB ready to take off
buy in this correction
In 1 weekly time frame bnb bullish
And wait for one more confirmation candle closing above $431
My TP1=$500 TO 517
TP2=$660 TO 700
TP3=$900 TO 1000
BUY IN THIS BULLRUN
bnb bullish cross in stoch rsi bnb bullish cross over in weekly time frame
today best time to take long position
I m buying more
And sell in tp price
