Continue Bullish MarketHello!
I am a big fan of the Elliott wave principle, which I find very interesting and useful for market analysis. I have developed my analytical approach by combining this principle with my personal experience and considering various scenarios that could occur in the market.
While I would like to share my analysis with you, please note that I am not providing a buy or sell signal. My primary intention is to share my unbiased analysis so that you can utilize it as a guide to make an informed decision.
To build your confidence in my analysis, I always share my previous analysis from the same market so that you can compare and see the progress. All the details of my analysis are clearly labeled, which should make it easy for you to understand.
I hope that my analysis is useful to you in your business journey, and I wish you all the best.
I am looking forward to hearing from you. Lastly, I would like to mention that like-mindedness and support, comments, and likes are the most important pillars of progress, just like support points in the financial markets. They give me the energy to continue and share more ideas with you.
Sincerely,
BNBUSDT
BNB high buyer activity! LONG up to 262 ⬆️LONG #BNBUSDT from $254.5
Instrument formed a sideways movement, we see that buyer activity remains at a high level, impulse drops are quickly bought off, trading volumes are locally as high, there is an excellent price compression under the formed cascade of levels, the breakdown of which I will consider in the near future, with the acceleration of the price in the breakdown, I expect to see a continuation of the long to the two potentials marked on the graph
Binance Coin can rebound up from upward pennant to 260 levelHello traders, I want share with you my opinion about Binance Coin. By observing the chart, we can see that the price a few days ago started to rise in an upward channel, where it first broke the 228 support level, which coincided with the buyer zone. Some time ago, BNB made a correction to the support line of the channel and then bounced to the resistance line. After this, the price rebounded and fell to the 228 support level, which coincided with the support line of the pennant, thereby exiting from the channel. Next, the price rebounded from this line and made a strong upward impulse to the resistance line of the pennant, breaking the 245 level. Also then, BNB corrected to the support area and a not long time ago continued to rise near the support line of the pennant. And now, I think that Binance Coin can rebound from the support line and rise to the resistance line of the pennant. After this, BNB can break this line, thereby exiting from the pennant and then continuing to move up. For this case, I set up my target at the 260 level. Please share this idea with your friends and click Boost 🚀
BNBUSDT - Price can exit from wedge and fall to support levelHi guys, this is my overview for BNBUSDT, feel free to check it and write your feedback in comments👊
After the price started to trades in flat, it first declined of support level to the support area, where BNB as few time traded.
Later price broke $228 level again, rose to the top part of flat, and then started to trades higher than the support level.
Then BNB exited of flat and rose to $245 level, which coincided with the resistance line of wedge, and soon bounced down to the support line.
In wedge, the price in a short time broke $245 level and then rose to the resistance line of the wedge, but recently it fell to this level.
Now, BNB trades near the support line and I expect the price can make a little movement up and then it bounces down to $245 level, exiting from wedge.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
BNBUSDT Long (longterm posision)"I believe BNBUSDT is currently forming a triangle pattern, nearing its completion. The breakout is imminent. However, it's essential to consider the fundamental aspect as the fundamental performance of BNB is not favorable. Despite this, there is a promising long-term technical position, and I plan to trade it with approximately 2x or 3x leverage."
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Is Binance Coin (BNB) Set to Smash All-Time Records?Hello traders,
Here's an update on BNB using a weekly timeframe chart. BNB is expected to rally 250% soon which will be close to its ATH. That's the minimum rally we can expect as a mid-term target. For a long-term target, BNB has a long way to go. I am anticipating a breakout soon on BNB and also keeping in mind the $200 support that is still holding on strong.
Regards,
Team Dexter.
🌟🔍 Binance Coin (BNB) in a Critical Zone 📉💠
🚨 BNB's Risky Range: Binance Coin (BNB) is currently in a precarious range between $241 and $205. Its position within this zone could significantly impact the broader digital currency market.
📉 Lack of Support Below $205: There is almost no static support below the $205 level. A fall below this point could lead to undesirable market consequences.
📈 Potential Upside Movement: As long as BNB remains within this box, an upward movement could positively influence the altcoin market. However, reaching the box's upper limit of $241 could hinder the growth of other altcoins.
🛒 BNB Buying Strategy: Consider buying BNB after it crosses $241, with a stop loss around $200, which represents a risk of approximately 20%.
🔻 Downward Movement Impact: A downward trend in BNB could lead to a drop in altcoin values. I'll discuss the implications of BNB falling below $205 in more detail later.
💡 Personal Approach: I plan to wait and buy BNB after it surpasses $241 and then hold.
🔍 Key Resistance Ahead: An important resistance to watch is at $350. Beyond this point, there is no significant resistance.
🔑 Related Categories:
Binance Coin Analysis
Market Impact and Strategy
Support and Resistance
📣 How are you navigating BNB's current position? Do you see an opportunity or a risk? Share your insights! 💬🌐 #BNBAnalysis #CryptoMarketImpact #TradeCityPro
📚 Remember: Cryptocurrency trading is highly speculative and risky. Always conduct your own research and consider your financial goals and risk tolerance! 🧠💼
HelenP. I Binance Coin can fall to trend line and then bounce upHi folks today I'm prepared for you Binance Coin analytics. A short time ago price declined below the resistance level, which coincided with the resistance zone, but soon it rebounded back and even rose to the trend line. After this BNB bounced from this line and made a strong impulse down to the support level, which coincided with the support zone, thereby breaking the 245 level. Also, the price started to trade inside a triangle, where it some time traded near the support level and later made a fake breakout of it. After the fake breakout, BNB continued to trade near the 228 level and a few moments ago it rebounded up to the trend line. In a short time, BNB broke this level, thereby exiting from the triangle, reached the resistance level, and recently rebounded back to the trend line, retesting it. At this day price trades near this line and I think that Binance Coin can correct to it again and then start to move up to resistance level. That's why I set up my target at this level - 245. If you like my analytics you may support me with your like/comment ❤️
BNBusdt last time on this prizeSorry for the many lines, because friends are trading with lower times, I had to specify all the goals.
This may be the last chance to see a bnb at these prices
Don't forget that anything can happen, even a sharp price drop, and this market has a high risk.
But if you have done your research and you want to have bnb, it is a good opportunity to buy and bnb may not return to these prices, especially if bitcoin continues to rise or does not have a sharp correction.
Good luck
EntryPoint:
238.8
231.8
222
Supports:
210
195.6
188.5
178.8
Resistances:
246.3
255.7
Targets:
267.3
281
299.6
324.6
338.6
360
Midtime:
403.3
436.9
484.4
HODL:
542.2
588
652
730.6
783.2
877.6
GL
BNB at critical junctureBNB is coming to a close on this descending triangle which is typically seen as a bearish structure. Depending on the price action we see, whether the descending line is broken to the upside for a bullish trade or the horizontal line breaks for a bearish trade, it could signal where the overall market could be heading over the next 12 months given the positive correlation across crypto.
Considering the recent price action and weakness in BNB relative to Bitcoin along with the CZ fiasco the probability of a downside break seems likelier. Watching closely to see how price action unfolds.
BNB ☁️ 24-Hours, Rebound in 1 Week; BTC Bullish ☀️A bullish ☀️ shines over most of the global crypto market, including Bitcoin and Ether, in the next 24 hours and seven days, ATTMO shows.
However, cloudy or rainy ☁️ bearish trading conditions will prevail over Binance Coin, Dogecoin, and Uniswap over the next 24 hours, although the bullish sun ☀️ will later come back and shine on Binance Coin.
Follow us for more crypto weather insights!
BNB: Approaching SupportBinance (BNB) technical analysis:
Trade setup : Trends are mixed. Following a bullish breakout from Sideways Channel, price reached our target of $260, where it got rejected again, just as it did in July.
Swing Traders: Pullback near $220 support area could be an attractive swing trade entry, with upside back to $260 near-term. That $220 level was previously a resistance area, which was broken and turned into support area (concept known as polarity).
Trend Traders: Price needs to break above 200-day moving average and $260 resistance zone to confirm Uptrend. If it does, it could revisit $300 next.
Trend : Downtrend on Short- and Medium-Term basis and Uptrend on Long-Term basis.
Momentum is Mixed as MACD Line is below MACD Signal Line (Bearish) but RSI ~ 50 (Neutral). MACD Histogram bars are rising, which suggests that momentum could be nearing another upswing.
Support and Resistance : Nearest Support Zone is $220 (previous resistance), then $200. The nearest Resistance Zone is $260, then $300.
BNB#BNB
Many possible ways to play out.
1. We see breakout above orange resistance line or 241.2$ in this case BNB will go higher to test 281$ level
2. BNB doesn’t manage to break the 242$ level and comes to retest 212$ level again where important to see the bounce and W close above 212$ for up trend continuation
3. BNB break below 212$ and thats it… bye bye BNB coin…
BTC & Most Alts Look ☀️, Yet, BNB Faces ☁️ - Downward Trend A bullish sun ☀️ continues to dominate the skies over the global crypto market in the next 24 hours, indicating further upside potential for Bitcoin, Ether, and many altcoins. These bullish conditions will persist over a one-week horizon, according to ATTMO.
Exceptions are Avalanche, Binance Coin, and Uniswap which will face bearish clouds ☁️ and downside risk in the next 24 hours, as well as Ripple’s XRP and Uniswap over the coming week.
Folow us for more crypto weather reports!
BTC repeating history again? Hey everyone, let's talk about Bitcoin! Remember back in June 2019 when Bitcoin really took off and hit that special 65% mark, known as the golden pocket?
Now, it looks like Bitcoin might be getting ready to do something similar. We're seeing signs that it could reach the golden pocket again, which this time means hitting around $50,000 before we begin the next bearish retracement.
Which could be idk, $28,000ish and maybe a swing lower than a buy back up? Perhaps. Lets see...
Binance Coin can exit from triangle and then rebound to 245Hello traders, I want share with you my opinion about Binance Coin. Observing the chart, we can see that the price a few time ago traded near the 224 support level, which coincided with the buyer zone and later BNB declined to this zone, after which it rebounded and made impulse up to the 245 resistance level. When the price reached this level, which coincided with the seller zone, BNB broke it and started to trades in range. After the range, Binance Coin made an upward impulse to 272 points, thereby exiting from the range and entering to triangle, where it at once rebounded from the resistance line and made a strong downward impulse to 224 support level. Also, the price broke the 245 level again, and after impulse down, BNB rebounded from the support level and tried to rise, but failed and made a correction. Then it bounced to the resistance line of the triangle and recently price rolled down from it and now trades near. In my mind, Binance Coin can decline a little more and then rise to the resistance line. Next, the price can break this line, exiting from the triangle, and make a retest. After these movements, the price can bounce from this line and continue to move up to the resistance level. For this reason, I set my target at the 245 level. Please share this idea with your friends and click Boost 🚀
BNB ☁️ 24 Hours Ahead; Bearish Momentum & DowntrendA strong bullish sun shines ☀️ over the global crypto market in the next 24 hours, indicating upside potential. Binance Coin bucks this positive trend with cloudy ☁️ bearish trading conditions ahead, ATTMO indicates.
Bullish trading conditions will also prevail over a one-week horizon, with additional upside potential for altcoins as well as both major cryptocurrencies – Bitcoin and Ether. However, ☁️ bearish clouds will be appearing over Ripple’s XRP, Avalanche, Polkadot, and Uniswap over this longer time horizon. 📈🌧️
Follow us for more crypto weather reports!