Get started

BNBUSDT

BNB => Ascending channel retest 🚀🚀🚀Binance Coin (BNB) has emerged as one of the stalwarts in the cryptocurrency space, showcasing remarkable strength and resilience. Let's delve into the fascinating world of BNB's price action, particularly its impressive ascending channel on the weekly chart, and explore the potential for a bullish breakout. Binance Coin's Ascending Channel: A Powerhouse of Potential The weekly chart reveals BNB's remarkable performance within an ascending channel. This channel represents an area where BNB's price oscillates upward within well-defined boundaries. Ascending channels often serve as powerful indicators of a bullish trend. Anticipating a Fakeout: A Clever Strategy As BNB moves within the confines of this ascending channel, traders should be aware of a potential fakeout. A fakeout occurs when the price temporarily breaks below the channel, tricking traders into selling. Look how fakeout can be done : A fakeout is a strategic move by whales and market participants to shake out inexperienced traders. The Art of the Retest: A Bullish Sign Should BNB execute a fakeout, it often follows up with a retest of the ascending channel's upper boundary. The retest serves as a validation of the channel's significance and a strong bullish signal. Experienced traders often view retests as prime entry points for long positions. BNB's Weekly Strength: An Encouraging Indicator BNB's ability to maintain its upward momentum on the weekly chart is a promising sign. Strength on the weekly timeframe is often seen as a sign of potential further growth in the mid to long term. Conclusion: Seizing the Binance Coin Opportunity As Binance Coin demonstrates its strength within the ascending channel, traders and investors have the chance to make informed decisions and capitalize on potential opportunities. Understanding the nuances of a fakeout and the subsequent retest can be a strategic advantage. While the cryptocurrency market remains dynamic and unpredictable, recognizing and leveraging these patterns and signals can empower traders to navigate the ever-evolving landscape. Remember to employ sound risk management practices and stay informed. Engaging in discussions, sharing your insights, and being part of the crypto community can be invaluable in this exciting journey. 🚀💼🌐 ❗See related ideas below❗ Feel free to like, share, and leave your thoughts in the comments.💚🚀💚
Long
by Yaroslav_Krasko
BNB/USDT 1H ReviewHello everyone, let's take a look at the BNB to USDT chart on a one hour time frame. As you can see, the price remains below the local downtrend line. After unfolding the Trend Based Fib Extension grid, we see that the price remains at the support of $205.6, then we have support at $203.3, and then the support zone from $201 to $197. Looking the other way, you can see the first resistance at $207.8, then the second resistance at $209.7, and then the resistance zone from $211 to $214. Looking at the CHOP indicator, we see that the energy is gaining strength, while the STOCH indicator shows a rebound with room for further decline.
by cryptodailyuk
3
BNB: Sideways ChannelBinance (BNB) technical analysis: Trade setup : Price is trading in a Sideways Channel . Swing Traders: can trade the channel (Enter near $200 support and Exit near $220 resistance). Previously, following a bearish breakout from Ascending Triangle pattern, price broke below $220 key level. That’s a level that held up in June and also in Dec 2022, so it’s significant that price has broken below that $220 level and made a new low. Trend : Downtrend across all time horizons (Short- Medium- and Long-Term). Momentum is Bearish ( MACD Line is below MACD Signal Line, and RSI is below 45). Support and Resistance : Nearest Support Zone is $200. The nearest Resistance Zone is $220, then $260, and $300.
Long
by altFINS
Binance Coin can break resistance level and then continue riseHello traders, I want share with you my opinion about Binance Coin. Observing the chart, we can see that the price some time ago rebounded down from the resistance line to the support line, thereby breaking the 221 resistance leve. After this price bounced up to the resistance line, but when it reached this line, BNB at once rolled down to the buyer zone, breaking the support line. Also, the price broke the 207 level, but soon it bounced back, making a fake breakout, and entered to range. Inside range price rose to the top part, which coincided with the 221 resistance level, and then made a downward impulse to the 207 level. After this movement, BNB rose to the 221 level again, but there time it declined until to buyer zone, thereby exiting from the range. As well recently Binance Coin tried to rise higher of the 207 level but failed and now the price is traded very close inside the buyer zone. I think BNB can try to break the resistance level, and if the price breaks this level it can make a retest, or at once continue to move up without a retest. For this reason, I set my target at the 215 level. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
5
Third step decline in progressHello? Hello traders! If you "Follow" us, you can always get new information quickly. Please also click “Boost”. Have a good day. ------------------------------------- (BNBUSDT chart) (1M charts) I touched on the 179.2-210.2 section, which is a very important section. (1W chart) It shows a departure from the box section formed over the 211.7-669.3 section. Therefore, the key is whether it can receive support and rise around 211.7. (1D chart) It has fallen to the point where no support zone can be found. Accordingly, it is not easy to calculate the support section. The key is whether it can quickly rise above 214.1. If not, there is a possibility that the decline may continue, so you need to think about a response plan. -------------------------------------------------- ------------------------------------------- ** All explanations are for reference only and do not guarantee profit or loss in investment. ** Trading volume is displayed as a candle body based on 10EMA. How to display (in order from darkest to darkest) More than 3 times the trading volume of 10EMA > 2.5 times > 2.0 times > 1.25 times > Trading volume below 10EMA ** Even if you know other people’s know-how, it takes a considerable amount of time to make it your own. ** This chart was created using my know-how. ---------------------------------
by readCrypto
BNB to 2000$As you can see we have 2 very similar fractals in previous cycle and cycle before that which lead the price to bottom; we also had Rsi extremely oversold for both which I appointed them in red circles , from the cycle bottom to the start of climbing took 68 bars which we currently at it , as you can see we have a similarity in Rsi aswell , some other criteria made me get to this conclusion which you can check in previous TAs ; BNB is a good project and its necessary to be in every basket; my target is somewhere around 2000$ for the end of 2024 . Stay safe fam
CRYPTO:BNBUSD
by mastershark
1
BNBUSDT - Price can continue move up to resistance levelHi guys, this is my overview for BNBUSDT, feel free to check it and write your feedback in comments👊 A few time ago price bounced from $211 support level, which coincided with support area, and fell to support line. Next, BNB started to rise and in a short time, it rose to resistance line, thereby breaking $211 and $216 levels. Then price made correction, after which BNB made upward impulse to $220 points, breaking resistance line, but price at once started to fall. Later BNB entered to falling channel, where it declined to support level and then bounced up to resistance line of channel. Recently Binance Coin exited from channel and now it continues to rise and I think that BNB can make a little movement down. After this, Binance Coin can continue to move up to $216 resistance level. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
6
HelenP. I Binance Coin can make correction and continue to growHi folks today I'm prepared for you Binance Coin analytics. A short time ago price reached the support level, which coincided with the 211 support zone and then it rebounded below this zone. But then, it at once rolled back to the 211 level, and this time BNB broke this level and made a strong impulse up to the 217 resistance level, which coincided with the resistance zone. After this movement, BNB made a little correction below to 213 points and then repeated the impulse up to the trend line, thereby breaking the resistance level. When the price reached the trend line, it started to decline inside the wedge, and in a short time, BNB declined below the 217 level to the support level. Also recently it rebounded up from this level, breaking the trend line, thereby exiting from the wedge and making a retest. Now Binance Coin trades near and I expect that the price can make a correction to the support level and then rebound up. Therefore I set up my target at the 125 level. If you like my analytics you may support me with your like/comment ❤️
Long
by FirstNameHelen
2
BNB Short-Term 1HInterval ReviewHello everyone, let's take a look at the BNB to USDT chart on a one hour time frame. As you can see, the price is moving below the local uptrend line. After unfolding the FIb Retracement grid, we can mark a strong support zone with a price ranging from $212 to $209.7, while we still have support at $206.5. Looking the other way, there is a resistance zone from $214.9 to $215.9, then there is resistance at $217.2, another at $219.1, and then there is resistance at $221.6. Looking at the CHOP indicator, we see that there is some energy left for continuation, the STOCH indicator shows that the upper limit has been exceeded, which resulted in another recovery, and the RSI shows a pullback, which may result in a greater drop in the price.
by cryptodailyuk
BNB/USDT bullish move incoming? 👀 🚀 BNB Today Analysis💎 Paradisers, turn your attention to #BNBUSDT! Our observations highlight that it's currently positioned within a demand zone, gearing up for a potential bullish surge. 💎 A few days ago, #BinanceCoin was navigating a descending channel. However, after breaking above this channel, it embarked on a notable upward journey. Now, as it retraces, it remains above the channel's support. There's a strong likelihood that it will touch this support once more before setting off on its bullish trajectory. 💎 Another crucial point to ponder: should the demand zone be compromised, expect BNB to gravitate towards the lower demand zone. In both scenarios, exercise caution and trade judiciously. 💎 Remember to employ prudent trading strategies and use proper stop-loss measures! Stay alert to market movements and look forward to more insights
Long
by MyCryptoParadise_Simon
BNBUSDT - W1\D1BNBUSDT W1 – Trend towards the development of the “Triangle” model – 171 D1 – The 2nd triangle in a row has been formed, which may lead to the prospect of a decrease in activity. For the best entry, it is better to wait for consolidation after breaking through the triangle line. Dates 183–171 What can you expect? Breaking through the triangle line is the nearest target, breaking through the inclined line is 206 and the nearest target is 196. Short Targets – 196.8 – 183.9 – 171.9
Short
by Trade_Hive_Signals
2
BNB/USDT 4HInterval ReviewHello everyone, I invite you to review the chart of BNB in pair with USDT, also on a four-hour interval. Let's start by marking with a yellow line the local downward trend line from which the price came out on top. However, at this point you can see that despite the top leaving the downtrend line, the price is moving just above it in a downward movement. As we can also see, the attempt to return above EMA Cross 200 and, consequently, to a strong upward trend was unsuccessful and we quickly returned to the previous level. Now let's move on to marking the support places. We will use the Fib Retracement tool to mark supports, and as you can see, the price has returned to the strong support zone from $215 to $210, but if the current zone does not hold the price, we may see a drop to the strong support level of $203.4. Looking the other way, we can similarly mark places where the price should encounter resistance on the way up. And here, as the first resistance, we have a zone from $219 to $223, which rejected the price, only after breaking it higher will we be able to see an attempt to attack the resistance levels at $228, and then another resistance at $234.9. The CHOP index indicates that the energy has been used and we are currently experiencing a slight increase, the STOCH indicator also shows a strong depletion of energy, which has slowed down the price declines, while the RSI shows a strong deviation to the lower part of the range, which creates a lot of room for increases, but before that we may still see an attempt to go down prices a little lower.
by cryptodailyuk
Binance Coin can exit from pennant and continue to rise to 217 Hello traders, I want share with you my opinion about Binance Coin. Looking at the chart, we can see how the price some time ago declined from the resistance line below the 211 support level and started to trade inside the buyer zone. But later price declined lower to the support line, where it at once bounced and made a strong upward impulse to the resistance line, thereby breaking the 211 level. Also, BNB made a correction to the support level and continued to rise to the 217 resistance level, which coincides with the seller zone. But when it reached this level, the price rebounded and fell to 213 points, breaking the support line. After this, Binance Coin entered to pennant, in which it rolled up from the support line and rose to the resistance line, breaking the resistance level. After this movement, the price bounced from the resistance line of the pennant and made a downward impulse below the 217 level to the support level. As well recently, the price bounced from this level and now it trades near the resistance line of the pennant. Maybe BNB can break this line, thereby exiting from the pennant and then continue to move up to the resistance level. For this reason, I set up my target at the 217 level. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
10
BNB/USDT | Target Range of $150-$130The BNB/USDT pair has experienced a bearish breakdown, signaling a potential shorting opportunity. Traders are eyeing a target range of $150 to $130 as a possible profit zone. Technical indicators and the breach of a bear flag pattern support the bearish sentiment. However, it is important to remember that cryptocurrency markets are volatile, and risks should be managed carefully. Traders should conduct thorough research and use risk management tools when considering short positions. thank you :)
Short
by Khaledzu
3
BNBUSDTThis is a 1D frame analysis for BNBUSDT As you can see, the price of the asset is above the first support line and with the closing of a positive and powerful weekly candle, we can consider that the price can start a move again towards the first resistance line. The first resistance zone which can be a good supply zone if the price cannot break the high of the support line and penetrate can correct again towards the downside. But we can consider the price in a neutral zone which can oscillate between S1 zone and R1 zone and if it can break out from either side it can continue.
by MarsSignals
BNB - Binance will overcome all FUD!Hello, dear friends! Recently there are a lot of FUD around the Binance exchange and all this information reflects on the BNB price. It looks weak, but remember that 1 month ago somebody tells that cz_binance has the liquidation below $213. As you can see price went lower and everything is OK. Bad guys are trying to destroy exchange, but they will not be able to do it. Let's destroy this FUD and support Binance, because this is the vital player on the cryptocurrency market. I am not aware of all internal fundamentals, but price chart tells me that everything is going to be awesome. Let's take a look at the last downside impulse. It has the clear 5 Elliott waves structure. Bullish confirmed divergence with the Awesome Oscillator tells us that downtrend is over. Moreover we can see the bullish reversal bar on 1D timeframe, changed momentum. Lats thing which price shall do is to break the fractal to fully confirm the uptrend. The most conservative target is 0.61 Fibonacci at $280. As you understand this pump cannot happen on some negative news. Therefore negative news are not likely in the nearest future. 🔔Follow us and never miss the update!
Long
by Skyrexio
2
BNB Short-Term Review 1HHello everyone, let's take a look at the BNB to USDT chart on a one hour time frame. As you can see, the price is moving above the local uptrend line. After unfolding the Fib Retracement grid, we can mark support at $215, while if we fall lower, we can see the price return to the support zone from $210.8 to $208.9. Looking the other way, we see that the price is in a strong resistance zone from $215.7 to $218.2, and when it breaks it, it has strong resistance at $221.3. Looking at the CHOP indicator, we see that there is still energy to continue the movement, but on the STOCH indicator, the energy is used up in the short term, which may result in a temporary sideways trend or a small recovery.
by cryptodailyuk
2
BNBUSDT - Price can reach resistance level and try to break itHi guys, this is my overview for BNBUSDT, feel free to check it and write your feedback in comments👊 A few days ago price bounced up from support line to resistance line, thereby breaking $217 level. Soon, price made correction, after which it rose back to resistance line, but then made strong downward impulse to support line. Also, BNB broke $211 level, and soon it rose to support area, where it some time traded and later fell back. Then price entered to rising channel, in which BNB rose to $217 resistance level, breaking $211 level again, but recently bounced down. Now Binance Coin trades very close to support line of channel and I think price can bounce up to resistance level and try to break it. After breakout, BNB can make retest and then continue to rise to $220 If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
7
BNB ☁️ - Bearish 24-Hour and 1-Week Trend Sunny trading conditions ☀️ with a few scattered clouds ☁️ lie ahead for the global crypto market in the next 24 hours, indicating upside potential. Binance, Dogecoin, Polkadot, and Polygon may, however, face more clouds ☁️, signaling a downward trend. Over a one-week horizon, the forecast is mixed with bullish sun ☀️ ahead for Bitcoin, Litecoin, Cardano, and Uniswap. Slightly bearish clouds ☁️ will linger over Ether, Ripple, Binance, and Polkadot, while bearish rain 🌧️ will fall over Avalanche. Follow us for more crypto weather reports!
by ATTMO