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BNBUSDT

BNB - Daily Buy and Sell Zones Mapped OutThe daily chart for BNB highlights critical levels where buy opportunities may arise (green lines) and where sell pressure could increase (red lines). These zones are key for traders looking to capitalize on potential price movements in either direction. Disclaimer: Trading involves risk, and past performance is not indicative of future results. Always conduct your own analysis before making any trading decisions. Feel free to comment, share your thoughts, and follow for more precise trading levels and insights!
by Remora_traders
BNB/USDT 1DAY CHART UPDATE !!Focusing on long setups, here is the daily chart of Binance Coin (BNB) against Tether (USDT). Here is the interpretation: The chart shows a horizontal support line near the $461 mark, which has been tested multiple times. This area is crucial for maintaining the overall uptrend. An ascending trendline starting from prior lower levels is shown, providing additional support and reinforcing the bullish bias if BNB stays above this line. The green line outlines a potential path where BNB could fall slightly, possibly towards support near $461, before bouncing back. The projected move suggests that a significant rally could follow if the support holds. Potential resistance levels are visible around $535 and further up, where the price could face challenges. The outlook remains bullish if BNB can maintain support above the ascending trendline and key horizontal support, targeting higher targets as indicated by the projected path. Overall, the chart suggests a bullish long-term outlook for BNB if it continues to respect key support levels and the ascending trendline. A possible initial pullback before a strong upward move is possible. Note: This is not financial advice. Stay tuned for further updates and analysis. Thank you!
Long
by CryptoSanders9563
1
BNB-USDT 1D ChartHello everyone, I invite you to a quick review of the BNB to USDT chart on a one-day time frame. As you can see, the price has set a new local upward trend line, which is important to stay in the upward phase. After unfolding the Fib Retracement grid, you can see that the price rebounded from the level of $524, then the second support is at $500, the third support is at $477, and the fourth strong support is at $443. Looking the other way, there is strong resistance around $561, but much more important is the level of $605 which has currently rejected the increases.
by cryptodailyuk
BNBUSDT could reach the $4000 to $7000 rangeHello Traders, I'm excited to share my analysis on BNBUSDT using the weekly timeframe. Looking at the right chart on a standard scale, it's easy to feel confused 😕 as the broader picture is hard to see. However, switching to the logarithmic scale on the left chart, patterns and channels become much clearer. From this perspective, I anticipate that BNBUSDT could reach the $4000 to $7000 range around 12 to 24 months after breaking the resistance at $650. This analysis is focused on a long-term investment or a long position. I’d love to hear your insights and thoughts on this!
Long
by Eymen-GUVEN
BNBUSDT.1DReviewing the BNB/USDT chart on a daily timeframe, we observe a complex pattern with a notable trend of fluctuation and recent signs of potential recovery. Here's a breakdown of the key technical indicators and patterns that frame the current market sentiment and outlook for Binance Coin. Key Observations: Price Movement: BNB has shown a significant downtrend marked by a descending resistance line (R1), which has consistently capped upward movements. The price is currently approaching this resistance line again, suggesting an imminent test. Support and Resistance Levels: Resistance Levels (R1 and R2): R1 is currently at approximately $503.7, with R2 higher at $613.5, indicating potential target levels if the price breaks above R1. Support Levels (S1, S2): S1 is marked at $401.8, with S2 lower at $300, providing critical areas where the price might stabilize if it retraces. MACD Indicator: The MACD line is above the signal line and both are ascending, suggesting a building bullish momentum. This could be indicative of a shift towards a positive trend if sustained. RSI Indicator: The Relative Strength Index is near 55, which is moderately bullish and suggests that there is room for upward movement before BNB becomes technically 'overbought.' Technical Analysis and Conclusion: The current setup on the BNB/USDT chart indicates a pivotal moment where the asset is testing key resistance at R1. A break above this line could signal a strong bullish reversal, potentially leading the price towards the next resistance at R2. The positive divergence in the MACD supports this potential move, suggesting increasing bullish momentum. However, if the resistance at R1 holds, we might see a pullback to the support at S1, or further down to S2 if bearish pressures intensify. The presence of a higher low compared to the previous spikes suggests a strengthening in market sentiment, which might underpin recovery attempts. Trading Strategy: Bullish Scenario: Consider taking a long position if BNB convincingly breaks and holds above R1. Set a target near R2 with a stop-loss slightly below R1 to manage risk. Bearish Scenario: If BNB fails to breach R1 and reverses, a short position could be considered, targeting S1. Place a stop-loss just above R1 to limit potential losses. Traders should closely monitor volume and other market dynamics for confirmation of these movements. As always, external factors such as market news, overall crypto sentiment, and regulatory developments should be factored into any trading decisions to adjust strategies dynamically.
Long
by MarsSignals
1
BNB Is Forming an ABCD PatternThe AB=CD pattern is a four-point price harmonic, which involves a partial retracement of the initial price segment, followed by an equidistant move from the completion of the pullback. Not every impulse and retracement form an ABCD Pattern. I use it under two conditions: 1. AB is an Impulsive move. 2. Sharp retracement up followed by a sharp move down. Use a trendline as a guide. ABCD Targets: 1. A shallow continuation follows a deep retracement and vice versa. For example, if BNB retraces in C to 70% of AB, the D point is expected at 1.414. If it retraces to the 0.618 of AB, the D point is expected at 1.618. Your default should be the 1:1 extension. BNB is creating a nice ABCD With a target of 350$. Invalidation: Price > 544$
by NewThoughtCrypto
BNB Is Forming an ABCD PatternThe AB=CD pattern is a four-point price harmonic, which involves a partial retracement of the initial price segment, followed by an equidistant move from the completion of the pullback. Not every impulse and retracement form an ABCD Pattern. I use it under two conditions: 1. AB is an Impulsive move. 2. Sharp retracement up followed by a sharp move down. Use a trendline as a guide. ABCD Targets: 1. A shallow continuation follows a deep retracement and vice versa. For example, if BNB retraces in C to 70% of AB, the D point is expected at 1.414. If it retraces to the 0.618 of AB, the D point is expected at 1.618. Your default should be the 1:1 extension. BNB is creating a nice ABCD With a target of 350$. Invalidation: Price > 544$
by NewThoughtCrypto
Looking for buy opportunities in the crypto market!Hello traders and investors! I’ve selected four assets in the crypto market where buying opportunities can be considered. Each of these four assets has formed a range, with the seller's impulse completed and the buyer's impulse now active. BNB : Buyer’s 10-11 impulse, potential targets: 598, 645.2 TON : Buyer’s 6-7 impulse, potential targets: 7.35, 7.72, 8.1582 AAVE : Buyer’s 11-12 impulse, potential targets: 120.08, 132.57 ADA : Buyer’s 5-6 impulse, potential targets: 0.3730, 0.4292, 0.4504 Among these, BNB appears the strongest, as two buyer's zones have formed in the 10-11 impulse. These zones were created when the buyer absorbed a seller's candle with increased volume (the buyer's zone is marked by a blue rectangle on the chart). ADA, on the other hand, looks the weakest among the four, as it has not yet been able to close a daily candle above the high of the August 8th candle, which absorbed the seller's attack on the lower boundary of the range, forming a buyer's zone. It's advisable to use lower timeframes when looking for buying opportunities. I have selected examples of lower timeframes for you.
by AlexeyWolf
1
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
WAIT FOR PULLBACK AND BUY AROUND $519BNB is showing bullish momentum, and I remain optimistic about its upward potential. However, I recommend waiting for a pullback to the $519 level before entering a buy position. This level represents a key area of support, where the price is likely to find stability before resuming its upward trajectory. For this trade setup, my target profit zone is around $541, with a stop loss set at $512 to manage risk effectively. If the bullish trend continues, BNB could reach $560 shortly, offering a solid gain opportunity. Traders should closely monitor price action and confirm signals before executing the trade.
Long
by ForexClinik
6
BNB, Silence is deafening.. low key preppin BIG MOVES at bottom.BNB has somewhat been abandoned in terms of price growth in comparison with its big coin peers alongside other alts. It has stayed at the bottom range for quite sometime. A low key reversal maybe on queue that will be missed by majority. On our weekly data, BNB has tripled bounced on a solid order block at 220-240 range. This has been visited many times and it keeps bouncing off it for the past 12 months. This range is firm -- and a huge bounce maybe warranted after a few tries already. Increasing volume has been spotted this past few days with numbers surging +20% from its average numbers. The coin is currently sitting just above 78.6 FIB LEVEL -- a bargain that can't be missed. Histogram higher lows is being registered conveying of that a long term trend shift is about to materialize. A bubble up volume (bottom indicator) has finally appeared after 3 months -- since April 2023. If you missed the LTC, ETH, BTC bull train, BNB is kind enough to give you a chance. Spotted at 245 TAYOR. Safeguard capital always.
by JSAL
8
BNB will repeat XRP drama with SECBINANCE:BNBUSDT This is a chart of BNB Green box its a monthly gap, By weekly fib we have to came in to -0.27 zone (and 50% between 0.18 and 0.27 its exactly the size what BNB can drop) why? Just if we repeat same story what we already saw between XRP and SEC in 2020. It's just mind blowing if the history repeat! Here is how it playing out last time with XRP After SEC files Xrp drop around 66% down and in 113 days reach new ath and over 1000% Honestly I dont think we will see new ATH for Bnb this year in September but everything possible Just compare 2 charts What do you think about it?
Long
by Crypto4light
BNB - Potential rebound expected after correction#BNB/USDT #Analysis Description --------------------------------------------------------------- + BNB currently trading around 510 with the next target around 455 range support. + If the support holds then we can expect to bounce back from the 455 zone, with the next resistance is around 575 + Wait for the correction before entering, you can put a limit order around 460 --------------------------------------------------------------- VectorAlgo Trade Details ------------------------------ Entry Price: 460-500 Stop Loss: 410 ------------------------------ Target 1: 550 Target 2: 595 Target 3: 670 Target 4: 750 ------------------------------ Timeframe:3D Capital Risk: 1-2% of trading amount Leverage: 5-10x --------------------------------------------------------------- Enhance, Trade, Grow --------------------------------------------------------------- Feel free to share your thoughts and insights. Don't forget to like and follow us for more trading ideas and discussions. Best Regards, VectorAlgo
Long
by VectorAlgo
BNB ANALYSIS🚀#BNB Analysis : 🔮As we can see in the chart of #BNB that there is a formation of Descending Channel Pattern. #BNB is consolidating in a descending channel.... currently waiting for breakout the pattern. It is trading above its major support zone and there maybe a small retest towards support zone and after that we will see a bullish move📈📈 🔰Current Price:  $589.2 🎯 Target Price:   $602.8 ⚡️What to do ? 👀Keep an eye on #BNB price action. We can trade according to the chart and make some profits⚡️⚡️ #BNB  #Cryptocurrency #TechnicalAnalysis  #DYOR
Long
by ZEUS_Market_Alerts
1
Trade Setup: BNB Long PositionMarket Context: BNB started the week above the weekly pivot, with an inside pivot pattern that often leads to explosive moves. The trade focuses on entering near the pivot at a support zone, with a strategy to move the stop loss to break even if the price moves 2-4% from entry to prevent losses from manipulation. Trade Parameters: Entry: Enter a trade between $580.55 - $576.55. Take Profit: First target: $605.25 Second target: $633.05 Stop Loss: Set at a candle close under $572.90 Risk Management: If the price moves 2-4% from the entry point, move the stop loss to break even to manage risk effectively. 📊 Monitor the price action and adjust your trade based on market conditions. Prioritize risk management and be cautious of any signs of reversal or manipulation. #BNB #CryptoTrading #TradeSetup 🎯
Long
by Richtv_official
1
BNBUSDT.1DIn my detailed technical analysis of the BNB/USDT chart, I've assessed the price movements and identified several critical technical indicators that provide a clear picture of Binance Coin's current trading environment and its potential future trajectory. Technical Overview: As of the latest data, BNB is trading around $584.9. It's up slightly by 0.69% on the day, with the chart showing a resilient uptrend over the past few months, highlighted by the ascending trendline. Key Technical Indicators: Support Levels: S1 ($498.1): This level has provided strong support throughout recent price movements. The price rebounding off this level has reaffirmed its significance as a strong base for BNB. S2 ($359.5): This level is much lower and would likely come into play only in a significant market downturn. Resistance Levels: R1 ($644.8): This is the immediate resistance level facing BNB. It has acted as a stiff resistance point recently, with the price failing to break and hold above this level multiple times. Moving Average Convergence Divergence (MACD): The MACD line is above the signal line but very close, indicating a potential cooling off of the bullish momentum. However, the histogram is still in positive territory, suggesting that the upward trend might still have some energy left. Relative Strength Index (RSI): The RSI is at 55.03, which is neither in the overbought nor oversold territory. This suggests a balanced market sentiment with potential for either direction, though it leans slightly towards bullish sentiment without immediate risk of reversal. Chart Patterns: The ascending trendline from the lows of early 2024 acts as a dynamic support, guiding the uptrend. This trendline is critical; as long as the price remains above this line, the bullish outlook remains valid. Conclusion: The current setup in the BNB/USDT pair is cautiously optimistic. The maintenance of price above the ascending trendline and S1 at $498.1 is pivotal for sustaining bullish momentum. My focus will be on the $644.8 resistance level. A decisive breakout above this level could propel BNB towards new highs, potentially retesting the all-time high near $721.8. Given the current market conditions, traders should consider a strategy that allows for flexibility in response to price actions near these key levels. Setting stop losses slightly below S1 could help mitigate risks in case of sudden bearish reversals. As always, staying updated with any broader market news or changes in crypto regulations is crucial for adjusting strategies promptly.
by MarsSignals