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BNBUSDT

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❤️
Short
by WalterMoon
3
🌟🔍 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! 🧠💼
by tradecitypro
14
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 ❤️
Long
by FirstNameHelen
1
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
Long
by Shivaz
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.
BINANCE:BNBUSDShort
by TheCheartBreaker
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.
Long
by altFINS
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!
by ATTMO
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...
by SavvyEvelynCharts
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 🚀
Long
by LegionQ8
2
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!
by ATTMO
BNBUSDT - After retesting, price can start grow to $240Hi guys, this is my overview for BNBUSDT, feel free to check it and write your feedback in comments👊 Some time ago price traded near resistance level, which their moment located in resistance area, and soon BNB broke it. After this, price made upward impulse to $272 points, but soon started to decline and in a short time fell to $225 level, breaking $245 Also, price started to trades in triangle, where it long time traded near $225 support level, which coincided with support area. Later price reached resistance line of triangle, made a little movement down, and then rose higher than this line, exiting from triangle. As well BNB made retest and now trades close to this line, and possibly Binance Coin can bounce from it and rise to $240 If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
1
BNB: Approaching SupportBinance (BNB) technical analysis: Trade setup : Trends are improving. 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 (~$242) 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 Bearish but inflecting. MACD Line is below MACD Signal Line and RSI is below 45 but momentum may have bottomed since 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.
Long
by altFINS
BUSD the next UST? Binance investigated! I think many of the Binance IPO whales will move away from BNB and BUSD after the news that the Securities and Exchange Commission (SEC) is investigating Binance for the issuance of its cryptocurrency token Binance Coin. A report from Reuters agency says that Binance unknowingly processed billions in illicit transactions, including illegal drug sales, hacks, and investment fraud totaling $2.35 billion! I think this could lead to sell-off in the crypto market if it proves to be true. Looking forward to read your opinion about it.
BShort
by TopgOptions
5