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BNBUSDT

BNB Coin's Journey to Major Resistance After a Parabolic Surge After experiencing a parabolic increase of 200% over 200 days, BNB coin has now reached a significant resistance zone ranging from $616 to $660. Current Market Perspective: Given the current conditions and Bitcoin's behavior, a correction and consolidation period for BNB is highly likely. For those who took positions at $255 following advice from Trade City Pro, now might be a good time to secure profits. Strategy Insights: For Holders: I plan to continue holding. However, if BNB closes a weekly candle below $540 and Bitcoin is under $48,000, I will consider selling my BNB holdings. For Bitcoin's Influence: If Bitcoin stays above $48,000, I will not sell BNB. Potential Re-Entry: Should the price suddenly pump and exceeds $616, I would consider re-entering the market at that point. For Potential Buyers: Entering After Resistance: Those who don't own BNB might consider buying if the price surpasses $617. Fibonacci Retracement Levels: In case of a correction, the key Fibonacci levels from the last upward wave at 0.5 and 0.618 (between $394 to $430) might offer good entry points. Wait for a reaction or momentum change at these levels before entering. Additional Observations: It's intriguing that BNB seems relatively unaffected by broader market conditions, suggesting Binance might be positioning for something unique. 👍 If you find these insights valuable, feel free to like, comment, or share! Follow for more updates: #Tradecitypro #TCP 🚀 🔖 Categories: Market Analysis, Fibonacci Retracement, Strategy and Risk Management 📌 Stay tuned for any unexpected moves in the market, and happy trading!
by tradecitypro
8
Binance Coin can correct to support line and then continue riseHello traders, I want share with you my opinion about Binance Coin. Observing the chart, we can see that the price in a short time rose to the resistance level, which coincided with the seller zone, and soon broke this level. After this, the price rose to 627 points and then made a strong impulse down to 508 points, thereby breaking 600 and 547 levels. After this, BNB started to trades inside a symmetrical triangle pattern, where soon it broke the support level, which coincided with the buyer zone and continued to move up to the resistance level again. When the price reached this level, it entered to seller zone and even later rose to the resistance line of the triangle, but after which BNB turned around and declined back to the support level, breaking the 600 level one more time. After this, the price rebounded from the support level and in a short time rose to the resistance level, and some time traded near, after which bounced and declined to the support line of the triangle. Also recently, Binance Coin started to move, so, in my opinion, BNB can correct to the support line again and then continue to move up, therefore I set my target at the 590 points, which is located close to the resistance level. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
1
BNBUSDT - Prise can make small move up and then start to fallHi guys, this is my overview for BNBUSDT, feel free to check it and write your feedback in comments👊 Recently price reached support level, which coincided with support zone, and then at once bounced down. Also, price started to trades inside wedge, where it made soon upward impulse from support line to $581 level. Next, price broke this level and continued to move up to resistance line of wedge, after this it bounced down. Price declined to support area, after which made upward move and started to trades inside flat, exiting from wedge as well. In flat, BNB broke support line and later declined to support level, after which started to move up. In my mind, Binance Coin can rise a little more and then start to decline to $581 support level. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Short
by WalterMoon
HelenP. I Binance Coin can continue to grow inside triangleHi folks today I'm prepared for you Binance Coin analytics. A few moments ago price made a correction movement from the resistance level, which coincided with the resistance zone, after which turned around and rose back to this level. Then it made impulse down to the support level and then tried to rise, but soon continued to fall and in a short time broke the 562 level, which coincided with the support zone and declined to the trend line. After this movement, BNB rebounded from the trend line, rose to the support level, broke it again, and continued growing. Later it reached a resistance level, but then it started to decline, and BNB also formed a triangle pattern. Later price grew to the 603 level and then at once rebounded down to the trend line, after which a not long time ago bounced and started to rise. For this reason, I expect that BNBUSDT will correct to the trend line, which is the support line of the triangle too, and then rebound up to the resistance level. That's why my target is 603 level. If you like my analytics you may support me with your like/comment ❤️
Long
by FirstNameHelen
1
📈BNB Market Analysis: Potential Long and Short Positions✅🔍As Bitcoin experienced a notable downturn today, catching many traders unaware, it's imperative to reassess market conditions and identify potential trading opportunities. In this analysis, we'll delve into the intricacies of Binance Coin (BNB) and explore various factors shaping its price action. 💎Binance, being one of the most reputable digital currency exchanges globally, serves as a pivotal platform for traders worldwide. Its reliability and extensive range of services, including the renowned Launchpad feature, where users can participate in token sales by staking BNB, make it a preferred choice for many traders. 🔄In the 4-hour timeframe, we observe a recurring resistance zone between 617 and 656, which has been tested multiple times. Interestingly, each test resulted in a higher low, underscoring the increasing buying pressure within the market. Furthermore, the primary support established during this period lies at 517, encapsulating the range between 517 and 617. Adhering to our trading strategy, it's crucial to exercise caution within this range, managing positions with risk-to-reward ratios of at least 2 to ensure long-term profitability. 📊Volume analysis reveals a recent surge in selling pressure, particularly evident in the higher volume accompanying bearish candles. However, the overall volume trend indicates a decline, potentially susceptible to manipulation by larger market participants. As a result, while SMAs are temporarily disregarded due to the ranging market, RSI remains a pertinent indicator, offering insights into potential overbought or oversold conditions. 📈Moving on to potential triggers for long positions, the primary resistance at 600 warrants attention. However, given the current range-bound nature of the market, traders should temper their expectations regarding risk-to-reward ratios. Instead, emphasis should be placed on swift profit-taking and efficient position management. 📉Conversely, short position triggers at 576 and 543 are within the confines of the range-bound market. Thus, traders must exercise prudence, focusing on timely profit-taking and risk mitigation strategies. The critical short trigger at 517 signifies confirmation of rejection from ATH, potentially heralding a downtrend in the 4-hour timeframe. 📝In conclusion, Binance Coin (BNB) presents a nuanced landscape for traders, characterized by recurring resistance and support levels within a range-bound market. By employing meticulous risk management strategies and leveraging key triggers, traders can navigate market fluctuations effectively, maximizing profitability while mitigating potential losses. 🧠💼It's important to acknowledge the inherent risks in futures trading, with the potential for margin calls if risk management is neglected. Always adhere to strict capital management principles and utilize stop-loss orders, ensuring that the initial target offers a risk-to-reward ratio of 2
by itsparham96
2
Will BNB maintain current resistance?Hello everyone, let's look at the 4H BNB to USDT chart, in this situation we can see how the price is moving in a sideways trend channel, staying below the local downtrend line. Let's start by setting goals for the near future that we can include: T1 = USD 579.2 at which the price struggles T2 = $605.9 T3 = $623.6 AND T4 = $648.3 Now let's move on to the stop-loss in case of further market declines: SL1 = $570.1 SL2 = $539.4 SL3 = $518.2 AND SL4 = $491.50 Looking at the RSI indicator, we can see that there is still room for price movement down, but when we look at the STOCH indicator, we can see that it has returned to the lower border of the channel, which may slow down the price decline.
by cryptodailyuk
The profit of fluctuation ---- BNBAfter the Federal Reserve slowed its balance sheet reduction and the labor market cooled more than expected, BTC led the token rebound. Compared with the dump that the token experienced in April, the price of BNB has always remained at a high level. This is related to Binance’s frequent Launchpad and Megadrop launches. The logical upper limit of BNB fundamentals is based on Binance’s activity, and the logical lower limit is based on the SEC’s actions against Binance. We have previously analyzed BNB based on the TSB indicator, and we can see that the wavy area still plays a role, and BNB maintains a bullish trend at the daily level. If you used the TSB indicator and opened a long position, then hold on to it. If you missed the TSB indicator, let's take a look at the effect of the KDMM indicator on BNB. Switching to the 4h level, we can see that BNB has clearly entered a fluctuation trend. This is a necessary conditions for using the KDMM indicator. When everything is satisfied, you only need to wait for the value on the KDMM indicator to reach a high (80) for the bearish momentum to increase or for the value to reach (20) for the bullish momentum to increase. Then carry out bearish and bullish operations accordingly. We have marked the clear signal locations on the indicator area with red and green lines. This can help you profit during fluctuation. Introduction to indicators: Trend Sentinel Barrier (TSB) is a trend indicator, using AI algorithm to calculate the cumulative trading volume of bulls and bears, identify trend direction and opportunities, and calculate short-term average cost in combination with changes of turnover ratio in multi-period trends, so as to grasp the profit from the trend more effectively without being cheated. KDMM (KD Momentum Matrix) is not only a momentum indicator, but also a short-term indicator. It divides the movement of the candle into long and short term trends, as well as bullish and bearish momentum. It identifies the points where the bullish and bearish momentum increases and weakens, and effectively capture profits. Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies. Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
by sypool-AI-TradeGenius
Binance Coin BNB Intraday Trade SetupBinance Coin is in the bullish territory in the H4 chart. A bullish break-out of $603 will offer more upside towards $619 where the price action will be key. A re-test of $590 followed by a bullish rejection will lead to a bullish move towards $619 and, possibly, higher to $646-$658. An inability to sustain price action above $590 will result in a range-bound price action towards $577 and lower to $565, the key intraday support. Find more info in signature.
Long
by Trade-Lean
Binance Coin can rebound up from support line to 561 pointsHello traders, I want share with you my opinion about Binance Coin. By observing the chart, we can see that the price some time ago started to decline inside the downward channel, where it reached the resistance line at once, and then rebounded down to the support line of the downward channel. Later, the price bounced up from this line and rose to the seller zone, which coincided with the resistance level, but soon turned around and fell lower this level, breaking it. After this, BNB reached the 600 level and then made impulse down to 539 points, thereby exiting from the downward channel, breaking the support level, which coincided with the buyer zone and entered to upward wedge. In this pattern, the price soon broke the 561 level again and in a short time later rose to the resistance line of the wedge, which coincided with the resistance level, but at once rebounded and fell to the support line. A few moments ago, the price bounced from this line and now I think that Binance Coin can correct to the support line and then rebound up to the resistance line of the wedge, thereby breaking the resistance level. So, for this case, I set my target at 561 points. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
BNB/USD The entire primary trend.Logarithm. Time frame 1 month. Idea for understanding the main trend, secondary trends. Zones of accumulation and distribution of this asset of the most liquid and popular exchange (this is the main thing, the direction of thinking of the masses on a scale). Setting trends in the crypto market. This is how the trend of this crypto coin with its own blockchain of the Binance exchange looks like on a line chart. Potential news background in the future under the chart for price direction. 1️⃣Manipulation with the price of which (influence on the exchange and the turnover of billions) can very significantly affect the market as a whole, especially when the SEC announces that this cryptocurrency of this exchange is "outlawed" and is a "security" (the scenario of "probing the reaction" has already been launched in March 2023 for local corrections) or similar nonsense. 2️⃣Also remember the competition between the two superpowers, China and the United States, they will alternately supply each other with spokes in the wheels, as well as local news springboards for themselves (the race to monopolize and control cryptocurrencies, taxing, and so on). Percentage decline from price peak. Liquidity. The game is good/bad. Notice the % reduction. It has been preserved (liquidity, trust, suggestion) unlike other exchange tokens due to the good/bad play between the Binance (BNB) and FTX (FTT) exchanges. The sinking of the latter, and the redirection of financial crypto flows to the Binance (BNB) exchange from other exchanges (direct marketing about the reliability and unreliability of others, the disclosure (that's right) of some exchange wallets with large balances (the largest in the cryptocurrency market). Decentralization or centralization? State. Supervision. The right to create money out of nothing. It's all pre-planned game, it's not an accident. Think about how the state and the digitalization process in general are connected with this. After all, such billions of dollars of financial flows to liquid exchanges, as well as the control of USDT / USDC (and other small stablecoins) cannot be outside state supervision. Who thinks otherwise I feel sorry for you in the future. Think about what would happen if the "state" gave the right to create money out of nothing to someone else. Is it possible? I think no. Is it a mimicry of new experimental trends to improve the financial system. And it is right. 📊Technical analysis. Secondary trend. Zones of accumulation and distribution. Look first at the monthly time frame (publication), then below the local area chart (weekly time frame, less makes no sense). Please note that the price is now at the lower zone of the ascending channel, there is a small "drop-out" from the channel on the monthly time frame (this is important). A flat with a % step between levels 218 - 327 has been going on for 14 months (426 days!). Now the price is near the lower zone of this flat trend (1311% of the average price of the previous set, not a minimum). What do you think, gentlemen, is this accumulation or distribution?). 📊Technical analysis. Local reversal zone . Candles. Time frame 1 week. 📊Technical analysis. Local reversal zone . Linear (to show the trend). Time frame 1 week. 👁 Coronavirus. Super dump 03 2020 I would like to turn your attention to the time of the March 2020 corona dump. Here, the logic is very clearly visible on the chart of this exchange coin (direction of financial flows, creation of liquidity, development of the exchange, attraction of new users). Long-term accumulation and super removal in the moment. Removal of all stop-loss under the accumulation zone at the moment by a huge percentage. Continuation of the set after that (I remember at that moment everyone was waiting for a further decline in the market, psychology). This is how this super dump looks on a line chart and is irrelevant from the position of the general trend. No matter how scary it was for some market participants at the moment. Always remember this and be prepared, whether you believe it will happen or not. 📊BNB/BTC. Technical analysis. Reversal zone . Candles. Time frame 1 month. BNB/BTC Main trend in full. Channel. Reversal zone. 📊BNB/BTC. Technical analysis. Reversal zone . Linear (to show the trend). Time frame 1 month.
BINANCE:BNBUSD
by SpartaBTC
38
BNBUSDT - Price can break resistance level inside rising channelHi guys, this is my overview for BNBUSDT, feel free to check it and write your feedback in comments👊 Recently price entered to falling channel, where it soon broke resistance level, which coincided with resistance area. After this, BNB reached resistance line of channel and then bounced down to support line, breaking $604 level again. Then price made downward impulse, exiting from falling channel and breaking $560 level. But then, BNB turned around and started to grow inside rising channel, where it broke $560 level again and continued to grow. Later price reached resistance line of channel, but at once bounced and fell to support line, where now it continues to trades near. In my mind, Binance Coin can bounce up from support line of channel to $615, breaking resistance level. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
BNBUST | Short H4 | Market Exec |Technical Confluences for Trade: - Stochastics are in Overbought Conditions on H4 time-frame - Price action is close to a Resistance Trendline & a Consolidation are - Price action may reverse back towards the previous Demand Zone Suggested Trade: Entry @ Area of Interest 560 - 570 SL @ 580.66 TP 1 @ 552 (Close Half-Position & move SL to Entry level once TP1 is achieved) TP 2 @ 535.15 Risk-to-Reward @ Approx. 2.18 (Depending on Entry Level) ________________________________ Boosts 🚀, Follows ✌️, Shares 🙌 & Comments ✍️ are much appreciated! If you have any ideas or charts, do share them in the 'Comments' section below and we can discuss our perspectives to improve or strengthen our strategies. If you want something analyzed, do drop me a DM. :D ________________________________ Disclaimer: The above suggestion is an personal opinion in general and does not constitute as investment advice. Any decisions taken based on the above suggestion is purely your own risks. Any websites / brokers / applications suggested here are also provided as informational purpose only. ________________________________
Short
by weekendanalyst
2
HelenP. I Binance Coin will continue to grow to $605 pointsHi folks today I'm prepared for you Binance Coin analytics. Some days ago price entered to consolidation, where it first rose to the resistance level, which coincided with the resistance zone, and then at once rebounded from to support level. After this movement, BNB turned around and made an impulse up to the resistance zone, after which it in a short time declined to the trend line, thereby exiting from consolidation and breaking 620 with 550 levels. Then the price turned around and rose higher than the 550 level, breaking it again, but soon fell back to the trend line, after which BNB made impulse up to almost the resistance level, finally breaking the 550 level. After this movement, Binance Coin turned around and in a short time declined to the trend line, breaking this line and fell to the support zone, after which it not a long time ago exited up, and now price trades near the trend line. For my mind, Binance Coin will little correct and then the price can continue to move up. That's why I set my target at 605 points. If you like my analytics you may support me with your like/comment ❤️
Long
by FirstNameHelen
1
BNB Faces Potential Sell-Off Following CZ's Sentencing TodayThe news of Binance's billionaire founder, Changpeng Zhao, being sentenced to four months in prison after pleading guilty to charges of enabling money laundering at his crypto exchange could potentially trigger a selloff in BNB. This development raises concerns about the governance and regulatory compliance within the exchange, which may lead investors to reassess the risks associated with holding BNB. Uncertainties surrounding the impact of Zhao's absence on Binance's operations and future prospects could further contribute to downward pressure on BNB prices in the near term. My price targets are: $510, $425 and $315.
Short
by TopgOptions
BNBUSDT.4HThe 4-hour chart for Binance Coin (BNB/USDT) shows that the price is currently oscillating within a relatively tight trading range. The price is currently at $569.6, with the chart indicating a primary resistance (R1) at $649.1 and a strong support (S1) at $490.8. A secondary support level (S2) is identified further down at $349.9. The price has rebounded multiple times from the support level at $490.8, suggesting strong buying interest at this price point. Conversely, resistance at $649.1 has capped upward movements, indicating significant selling pressure at this level. The RSI indicator is in the middle of its range at 36.25, suggesting a lack of strong momentum in either direction currently. The MACD is slightly below the signal line, indicating a slight bearish momentum but not significantly so. For trading, watching how the price interacts with these key levels would be crucial. A break above $649.1 could signal potential for a further upward movement, possibly targeting the previous high near $645.2. Conversely, a break below $490.8 could lead to a test of the lower support at $349.9, indicating a stronger bearish sentiment. Traders might consider positions based on the breakout direction from these key levels, ensuring to use proper risk management strategies to protect against unexpected moves.
by MarsSignals