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BNBUSDT

BNB: Pullback in UptrendTrade setup : Price is in an Uptrend. It briefly broke above $600, however, it got very overbought (RSI > 80!) and was rejected at that resistance on some profit taking. Now we look for the right entry opportunity in Uptrend. We wait for price to either 1) break back above $600 to signal continuation of uptrend, with +10% upside potential to $670 next, or 2) pull back near $500 support for another swing trade entry in Uptrend with +20% upside potential back to $600. Trend : Uptrend across all time horizons (Short- Medium- and Long-Term). Momentum is Mixed as MACD Line is below MACD Signal Line (Bearish) but RSI > 55 (Bullish). Support and Resistance : Nearest Support Zone is $500 (previous resistance), then $400. The nearest Resistance Zone is $600, then $670.
Long
by altFINS
📈BNB Weekend Rally: Analyzing Upside Potential💎🔍Today is Friday, with just one day left in the trading week, and the market could still offer interesting moves. Hopefully, you've opened positions and profited. Yesterday, after some ranging, the market followed the anticipated pattern, with higher timeframes exerting more influence than shorter ones, propelling the market upwards.Today's focus is on BNB, which, like other assets, surged from the $507.6 support yesterday, gaining nearly 10%. Currently, we're at the 0.382 Fibonacci retracement level of our downward move, and the reaction so far has been limited to a single red candle, indicating uncertainty about future movements. 💎The SMA7 indicator has reached the price level, indicating potential buyer strength, possibly initiating a new upward trend supported by the SMA7. However, if the 0.382 level is breached, the golden Fibonacci zone still acts as a barrier that the price must overcome. 📊A downside of this upward movement is the notably low volume of the candles, suggesting traders' lack of enthusiasm to engage in this trend. 💥The RSI oscillator has broken its midline and is hovering around 53.14. If this resistance is broken simultaneously with a price breakout, it could serve as strong confirmation. 🔒In conclusion, while the market is showing signs of upward movement, caution is advised due to the low volume and the presence of Fibonacci resistance. Confirmation from indicators like the RSI is crucial for validating the bullish sentiment. 🧠💼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
BNB/USDT 4HInterval Chart ReviewHello everyone, I invite you to review the chart of BNB in pair with USDT, on a four-hour time frame. As we can see, the price is moving in a downward trend channel, while a sideways trend channel is visible locally, which previously ended with another price drop. As we can see, the upper part of the sideways trend channel is the beginning of the resistance zone from $539 to $553, only after breaking above this zone will the way for further increases towards the resistance at $589 and then further towards $614 open up. Looking the other way, we see strong support at the $500 level, which is located at the lower border of the sideways trend channel, inside the descending channel. And the next strong support is the $462 level.
by cryptodailyuk
BNBUSDT moving below $533CRYPTOCAP:BNB has made a significant rise during the last days and a lot of interest exists in its charts. At this BINANCE:BNBUSDT 4h chart we can see that CRYPTOCAP:BNB is moving right below the level of $533 (Support 1). If it keeps moving there, we are going to see even a drop to Support 2 - $464 - and there it will be retested again. There is a lot of fear in the market right now and investors are afraid to buy. Given that, it is more likely that we are going to see a drop to Support 2 than a breakout of Support 1.
by logicrypto
Cryptolean Binancecoin BNB Update Binancecoin declined from the key resistance zone of $635-$660. A sustained price action below $529 will push #BNB price lower to $455-$477. A daily candle closure above the key daily resistance zone of $635-$660 is required for another bullish extension towards $716, the new ATH. Intraday Chart The BNBUSDT intraday chart is in the bearish territory below $548. A re-test of the resistance zone of $463-$487 and a bullish rejection will lead to a bullish rally to $548. A solid bullish break-out of $548 will push price higher towards $600. A bearish break-out of $463-$487 will lead to a dip towards $407-$433 and, possibly lower.
by Trade-Lean
BNBUSDT - Price can fall little more and then bounce up to $562Hi guys, this is my overview for BNBUSDT, feel free to check it and write your feedback in comments👊 Recently price has grown in rising channel, where it reached resistance line, after which it made correction. After correction, BNB bounced up from support line to resistance level, which coincided with resistance area. Soon, BNB broke this level, exited from channel, and started to trades in flat, where it two times reached top pattern. Later, price turned around and in a short time declined below $562 level and also soon broke it, thereby exiting from flat too. Also then, BNB continued to fall and now I think that Binance Coin can fall a little more and then bounce up to $562 level. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
BNB: Pullback in UptrendTrade setup : Price is in an Uptrend. It briefly broke above $600, however, it got very overbought (RSI > 80!) and was rejected at that resistance on some profit taking. Now we look for the right entry opportunity in Uptrend. We wait for price to either 1) break back above $600 to signal continuation of uptrend, with +10% upside potential to $670 next, or 2) pull back near $500 support for another swing trade entry in Uptrend with +20% upside potential back to $600. Trend : Uptrend across all time horizons (Short- Medium- and Long-Term). Momentum is Bullish but inflecting. MACD Line is above MACD Signal Line and RSI is above 55 but momentum may have peaked since MACD Histogram bars are declining, which suggests that momentum is weakening. Support and Resistance : Nearest Support Zone is $500 (previous resistance), then $400. The nearest Resistance Zone is $600, then $670.
Long
by altFINS
Cryptolean Binancecoin BNB UpdateYesterday Binancecoin could not close above $529. Today, a bullish Bitcoin Dominance put pressure on the Satoshi value of BNB and we saw an intraday pullback to $505. A daily candle closure above $529 will increase a probability of a continuation of a bullish move up towards $586 and higher towards $600. An inability to sustain could lead to a re-test of $505 and a dip lower to the key daily support zone at $455-$477. Intraday Chart The BNBUSD intraday chart is taking a pause and consolidating. It is trading in the bullish territory through. A re-test of the key intraday support at $507 and a bullish rejection will push #Binancecoin price towards $544. A bullish break-out of $544 will result in a bullish rally towards $588-$620. A bearish break-out of $507 will lead to a dip towards $472 support and, possibly lower, to $438. . IMPORTANT: The BNBUSD chart is holding strong and consolidating in a narrow range which is totally normal after last days bullish extension.Once Satoshi price in BNBBTC chart will find a support and reverse, the Dollar price in BNBUSD chart will extend higher. Like once read. Thank you!
by Trade-Lean
2
Binance Coin can break resistance level, and continue to growHello traders, I want share with you my opinion about Binance Coin. Observing the chart, we can see that the price some time ago rebounded from the support level, which coincided with the buyer zone and started to grow, but soon price made a correction to this level, after which BNB continued to move up. Soon, the price turned around and made a fake breakout of the 402 level and then it turned around and started to grow in an upward channel, where BNB soon broke the 402 level one more time and then continued to grow. In the channel, the price rose to the resistance level, which coincided with the seller zone and even broke this level, after which it reached the resistance line of the channel, thereby exiting from the seller zone also. But soon, BNB turned around from this line and in a short time declined to support line of upward channel, breaking the 586 level. At the moment, Binance Coin trades near this line, and in my opinion, BNB can rebound up from the support line to the seller zone, thereby breaking the resistance level. After this, Binance Coin can make a retest and then continue to grow in an upward channel, therefore I set my target at the 645 level. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
3
The key is whether the reported price (ATH) can be renewedHello traders! If you "Follow" us, you can always get new information quickly. Please also click “Boost”. Have a good day. ------------------------------------- (BNBUSDT 1M chart) It has risen above 533.9 and continues to rise to renew the new high (ATH). Accordingly, the key is whether it can rise above 1 (730.5). If not, and it falls, you should check if it is supported around 533.9. (1W chart) I believe that the 573.0-649.5 section corresponds to the psychological volume profile section. Accordingly, the key is whether the price can be maintained by rising above 649.5. (1D chart) If the price maintains above 573.0-649.5, it is expected to rise above 730.5. If it falls, 1st: 522.0 2nd: 427.2 You need to check if you receive support near the 1st and 2nd levels above. If the price holds above Fibonacci 1 (730.5), the next target is expected to be 1.618 (1057.2). It may swing up and down to rise to around 1057.2, but I think it is highly likely that it will eventually touch it. BNB is one of the coins whose circulation volume is reduced through periodic buybacks. Therefore, I think it is a coin that can be used for mid- to long-term investment. These mid- to long-term investment coins can be purchased at a low price and held as is. However, if possible, when a large upward trend appears to be coming to an end, I think it is a good idea to increase the number of coins corresponding to profit by selling only an amount equivalent to the purchase principal. If you sell the amount of the purchase principal, the average purchase price of the remaining coins is 0, so there is no risk of long-term holding. Therefore, purchase principal * 1.1 = amount to sell (Example) If you multiply the purchase principal by 1.1, you will sell 10% more of the purchase principal. As above, it is recommended to multiply it by about 1.1 and cash out more than the purchase principal. Have a good time. thank you -------------------------------------------------- - The big picture The full-fledged upward trend is expected to begin when the price rises above 29K. This is the section expected to be touched in the next bull market, 81K-95K. #BTCUSD 12M 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (when overshooting) 4th: 13401.28 151166.97-157451.83 (when overshooting) 5th: 178910.15 These are points that are likely to encounter resistance in the future. We need to see if we can break through these points upward. Since it is thought that a new trend can be created in the overshooting area, you should check the movement when this area is touched. If the general upward trend continues until 2025, it is expected to rise to around 57014.33 and then create a pull back pattern. 1st: 43833.05 2nd: 32992.55 -----------------
by readCrypto
BNB price is preparing for a strong growth soon ?The year 2023 was not the best for Binance and CZ, if we analyze the news background, lawsuits, fines, etc. But everything seems to have "calmed down and stabilized" The other day, there was another burning of BNB worth more than $600 million. Now, 154 million of the 200 million coins that were in circulation at the beginning are in circulation. Almost half of the planned amount was burned (ultimately, only 100 million BNB should remain in circulation). It seems to us that a good "window of opportunity" is now opening up to drive the BNBUSDT price to the range of $520-540. There you can sell a little BNB to cover the "expenses" of the past year) _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
Long
by P_S_trade
21
BNB/USDT 4HInterval Support and ResistanceHello everyone, let's look at the 4H BNB to USDT chart as we can see that the price has broken out of the local uptrend line. Let's start by setting goals for the near future that we can include: T1 = $575 T2 = $618 T3 = $649 AND T4 = $689 Now let's move on to the stop-loss in case of further market declines: SL1 = $512 SL2 = $484 - $469 AND SL3 = $425 Looking at the RSI indicator, we can see that we have again approached the downward trend line and there is still a lot of room for recovery, while the STOCH indicator, despite the current rebound, also has a lot of room for recovery.
by cryptodailyuk
BNBUSDT - Price can bounce up from support level to $560Hi guys, this is my overview for BNBUSDT, feel free to check it and write your feedback in comments👊 A not long time ago price entered to rising channel, where it bounced from support level and rose to resistance line of channel. After this movement, BNB turned around and ina short time declined to support line of channel and soon broke it. Price left rising channel, broke $392 level, and declined lower, but soon it turned around and started to move up in new channel. In this channel, BNB broke $392 level again and later reached $508 level, which broke soon too, and then made retest. Then price tried to rise more, but failed and now trades very close to support line of rising channel. In my mind, Binance Coin can decline to support level, after which it bounces up to $560 If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
BNB: Resistance BreakoutTrade setup : Price broke above $500 resistance to signal continuation of uptrend, with +20% upside potential to $600. Stop Loss (SL) level at $450 for a 2:1 Reward-Risk-Ratio (RRR). Trend : Uptrend across all time horizons (Short- Medium- and Long-Term). Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55). Support and Resistance : Nearest Support Zone is $400 (previous resistance), then $350. The nearest Resistance Zone is $500, which it broke, then $600.
Long
by altFINS
Cryptolean Binance Coin BNB UpdateAs expected, yesterday Binance Coin had another bullish impulse and broke through the key daily resistance of $529. A daily candle closure above $529 will increase a probability of a continuation of a bullish move up towards $586 and higher towards $600. An inability to sustain could lead to a re-test of $477. Intraday Chart The BNBUSD intraday chart is bullish and the last 4-Hour candle broke through $526 resistance. A sustained price action in the 4-Hour chart above $526 will push Binancecoin price towards $552 and higher. A bearish break-out to $526 will lead to a dip towards $506 support that could lead to a bullish rejection. BNB will follow BTC. A strong bearish rejection of $69,654-$73,422 in the BTCUSD daily chart will lead to the weakness of the whole Crypto market and Binance Coin won't an exception. Like once read. Thank you!
by Trade-Lean