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BNBUSDT

BNB │ LONG │ 05.11.2023BINANCE:BNBUSDT.P Comment A great situation with BNB. The level's strong foundation on August 29, 2023, is clearly visible. The clear confirmation of the level on October 24, 2023, with the closing price almost at the level and reduced volatility on November 4, 2023, also clearly indicates the presence of a player in the market who placed a limit order at the price of 239. When analyzing the trade, I ask myself the following question: "What happened that shouldn't have happened, and what didn't happen that should have happened?" In answering this question, I come to the conclusion that after a strong movement of the instrument, it should undergo a correction, which I do not see happening. Additionally, what strengthens my confidence in a future breakthrough is a very good consolidation with an approach to the level throughout the day. This is not a sudden price spike to the level but a slow and confident approach to the level. When the daily bar opens on November 5, 2023, we won't have to cover a long distance to reach the level because we will already be close to it. This means that there will be practically no resistance. And this is exactly what happened. Signals for level breakout bar/candles closure near the level; bar/candles closure near its high/low; the instrument gradually approaches the level; accumulation of energy for level breakout; a good approach to the level; consolidation near the level; decrease in trading volumes before the level; there is no reaction to a strong instrument movement; there is a reserve of calculated ATR; there is a reserve of technical ATR; Signals against breaking the level distant level retest; Order parameters (risk-to-reward ratio = 1 to 3/4/5) Open : 239.15175; Stop loss : 238.393; Take profit :241.428/ 242.18675/ 242.9455; Disclaimer Every trader should make their trading decisions based on their own analysis and circumstances. The signals in this channel should be considered as an additional tool for your own consideration. Follow me and receive high-quality cryptocurrency market analysis!
by phoenix_995
BNB/USDT 1DInterval ChartHello everyone, I invite you to review the BNB chart in pair with USDT, also on a one-day time frame. First of all, we can use the yellow line to mark the downward trend line from which the price went up. 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, first there is a support zone from $224 to $220, but then we can see a decline to the very strong zone from $209 to $202. Looking the other way, we can similarly mark places where the price should encounter resistance on the way up. And here you can see that the price has been rejected by the resistance zone from $231 to $238, only when we break above it will we move towards the resistance at $248. When we turn on EMA Cross 50 and 200, we can see that we are still in a strong downtrend, staying below the blue line of EMA Cross 200. The CHOP Index indicates that there is still energy left for a move. On the RSI, we are moving in the upper part of the range, but when we look at the STOCH indicator, the visible rebound creates room for a potential further price increase.
by cryptodailyuk
BNB/USDT 1H Interval ReviewHello everyone, let's take a look at the BNB to USDT chart taking into account the one hour time frame. As you can see, the price is moving above the local downtrend line. After unfolding the Fib Retracement grid, we will mark a support zone from $224 to $221, while we still have support at $218. Looking the other way, you can see that the price has moved back through the resistance zone from $230 to $234, and then we have resistance at $238. Looking at the CHOP indicator, we can see that there is still some energy left for a move, on the RSI indicator, despite the recovery, there is still room for a decline, and on the STOCH indicator, we have room for the price to go lower.
by cryptodailyuk
BNB: BREAKOUT | RETEST | BOUNCEBNB Update: BNB has broken above the resistance trendline in a daily timeframe. This move is different compared to the previous move as you can see in the chart. This breakout could possibly push BNB toward the bullish side. All it needs to do is hold the price above the resistance trendline. A breakdown back to the falling wedge pattern will invalidate the bullish move for the time being. Note: This analysis is on a higher timeframe. Do not scalp based on this chart. Trade safely. Regards, Team Dexter.
CRYPTO:BNBUSDLong
by Dexter_The_Trader
BNBUSD down almost 40% since mid-summer, time for a rebound?One of the cryptocurrencies that came to our attention recently is Binance Coin. Currently, it trades near $213, down nearly 40% from its summer highs, which makes a compelling case for a rebound. As a result, we watch a setup with a long position entry above Resistance 1 and a tight stop-loss order below it; Resistance 2 will act as our price target level if the breakout occurs. We will update thoughts on the asset with the emergence of new developments. Illustration 1.01 Illustration 1.01 shows the setup for BNBUSD. Technical analysis gauge Daily time frame = Neutral Weekly time frame = Neutral *The gauge does not necessarily indicate where the market will head. Instead, it reflects the constellation of RSI, MACD, Stochastic, DM+-, ADX, and moving averages. Please feel free to express your ideas and thoughts in the comment section. DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
BINANCE:BNBUSDLong
by Tradersweekly
24
BNB 4HInterval Review ChartHello everyone, let's take a look at the BNB to USDT chart on a 4-hour time frame. As you can see, the price is moving above the local uptrend line. After unfolding the Fib Retracement grid, you can see that the price is moving above the support zone from $212.5 to $210.5, then there is support at $208.5, and then a strong support zone from $205.6 to $201.9. Looking the other way, you can see that the price is trying to attack the strong resistance zone from $214 to $217.4, when it manages to overcome it, we still have resistance at $221.6. Looking at the CHOP indicator, we can see that the energy is slowly starting to grow, on the RSI we are moving in the upper part of the range, but looking at the STOCH indicator, we can see that the rebound took place to the middle of the range and resulted in another rebound, which slightly limited the space for a new price increase.
by cryptodailyuk
1
BNB: WRESTLING THE RESISTANCE TRENDLINE.BNB Update: BNB has remained calm and managed to maintain the $200 range quite significantly. With the current price level at $212, BNB is still under the threat of dipping down as it faces the resistance trendline. If somehow BNB manages to break and close above the resistance trendline, things may look different. If not, we have the $200-$203 support waiting for BNB. What's your view on BNB, let me know in the comments. Thank you for reading and trade safely. Regards, Team Dexter.
CRYPTO:BNBUSD
by Dexter_The_Trader
BNB/USDT 4HInterval Review ChartHello everyone, I invite you to review the chart of BNB in pair with USDT, on a four-hour interval. First of all, we can use the blue lines to mark the upward trend channel in which the price is currently trying to go above it for the second time. Now let's move on to marking the support places. We will use the Fib Retracement tool to mark supports, and here we can see a strong support zone from $208.5 to $205.7, but when we fall lower, the next support is at $202. Looking the other way, we can similarly mark places where the price should encounter resistance on the way up. And here the price was rejected by the resistance zone from $214.6 to $218.5, and then we have a second strong zone from $222 to $228. The CHOP Index indicates that most of the energy has been used. The RSI indicator shows that we approached the upper limit, which resulted in a price recovery, similarly the STOCH indicator began to reverse after approaching the upper limit and it is clear that there is room for the price to go lower.
by cryptodailyuk
1
Binance (Build and Build): Facing the SEC and the FUDSBinance Coin (BNB), the leading cryptocurrency exchange in terms of volume, has seen gains in its weekly chart, giving investors hope for more profits. According to the latest data, things could get even better as BNB’s Galaxy Score is at its highest level among the top cryptocurrencies, which is promising for a bull run. Investor Interest in BNB The popular altcoin BNB has managed to impress investors by showing an increase of over 1.5% in its price in the past seven days. At the time of writing, it was trading at $213.51 with a market capitalization of over $32.2 billion, making it the third-largest cryptocurrency. As the price of the altcoin rose, the trading volume also experienced double-digit growth, paving the way for price increases. According to the data from analytics firm Artemis, Binance’s network activity has also seen an increase recently, as it revealed that BNB’s daily active addresses have been on the rise in the past few weeks. Increase in BNB Metrics A similar upward trend has been observed in terms of daily transactions for the blockchain, which sharply rose after a decline. The trading volume of the blockchain has also increased in the recent past, indicating that investors are willing to effectively trade BNB. The increase in volume has also supported the price surge. Thanks to the price increase in the cryptocurrency, the volatility of the token has significantly increased in the 1-week period, raising the possibility of further growth. The token’s social volume has also recorded a relatively higher level. This suggests that the token was a popular altcoin in the crypto space last week. According to experts, most indicators favor the bulls, which could lead to further price increases for BNB. For example, the MACD showed an upward trend. BNB Chain’s Money Flow Index (MFI) and Chaikin Money Flow (CMF) have increased, which could increase the likelihood of prices moving further north.
CRYPTOCAP:BNBLong
by DEXWireNews
BNB ☁️ Downtrend for the next 3 days? Mixed trading conditions ahead for the global crypto market, with Bitcoin, Ripple, and Binance Coin facing slightly bearish clouds in the next 24 hours. ☁️ BNB downtrend continues for the next 72 hours. Ether, Cardano, Avalanche, and Dogecoin bask in slightly bullish sun. ☀️ However, Litecoin and Polkadot endure the crypto storm 🌧️, signaling a very bearish market with downside risk. Over a one-week horizon, the outlook remains cloudy ☁️ and rainy 🌧️ for most cryptocurrencies, with Bitcoin and Polygon as the exceptions. They should both enjoy a slightly bullish sun ☀️, indicating an upside potential. Follow us for more crypto weather reports!
by ATTMO
BNB/USDT 4HInterval ReviewHello everyone, let's take a look at the BNB to USDT chart on a 4-hour time frame. As you can see, the price tried to break above the local upward trend line, but quickly returned below it. After unfolding the trend based fib extension grid, we can see that we have a support zone from $207 to $204, then support at $201 and then at $199. Looking the other way, you can see that we are in the resistance zone from $209 to $211, and then we have a second zone from $213 to $217. Looking at the CHOP indicator, we see that most of the energy is exhausted, on the RSI indicator we are approaching the upper limit, which may reverse the price movement, and on the STOCH indicator we are also approaching the upper limit, which resulted in a deceleration of growth.
by cryptodailyuk
BNBUSDT - Price can bounce up from support level to $215Hi guys, this is my overview for BNBUSDT, feel free to check it and write your feedback in comments👊 When price bounced and made upward impulse to $235 points, it at once fell back, thereby making fake breakout of $221 level. Also, BNB entered to big flat, where it first fell to $206 support level, which coincided with support area. Then price bounced up to top part of flat, which coincided with resistance area, and at once made correction. After this price repeated movement up and then fell to support area, but recently BNB bounced back, making fake breakout of $206 level. Now it trades very close to support level in flat and in my mind Binance Coin can decline to this level and then bounce up to $215 If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
8
BNB/USDT 4HInterval Review CHartI invite you to check the BNB chart on a four-hour time frame. We will start by marking the upward trend channel with blue lines, from which the price broke out at the bottom, and the price decline itself was close to the height of the previously defined channel. Moreover, it is clearly visible that the lower end of the decline after leaving the channel is also the location of the current support zone. At this point, it is also worth defining the downward trend triangle we are in with the yellow lines. Next, using the Trend Based Fib Extension tool, we can determine an important support zone in case the price breaks out of the current triangle. Looking the other way, we can similarly determine the resistance areas that the price must face. And here we see that currently the price must pass through the resistance zone from $217 to $221, then overcome the resistance at $233 to continue towards the resistance at $252. The CHOP index indicates that there is energy to make another move, on the RSI indicator, despite a slight change on the chart, we have an upward movement but there is room for the price to go up, while taking into account the STOCH indicator, it is clear that we are approaching the upper limit, which may result in another recovery and only then a larger upward move.
by cryptodailyuk
3
HelenP. I Binance Coin can rise little more and then bounce downHi folks today I'm prepared for you Binance Coin analytics. If we look at the chat, we can see how the price bounced from resistance 2 and tried to rise, but failed and started to decline. BNB in a short time declined to the 208 level, thereby breaking the 216 resistance level, but at once price rebounded and made a strong impulse up to resistance 2. After this, the price some time traded near this level made correction, and then rebounded up to the trend line, breaking the 216 level, which coincided with the resistance zone, but soon BNB rolled down back. Later price declined until to 208 resistance level, which coincided with one more resistance zone, and in a short time price broke this level too and declined lower. Next, the price rebounded and rose to the trend line, broke it, and made a retest. After this, BNB rose to the resistance zone, but a not long time ago it rolled down, and at the moment price trades near the trend line. I expect that Binance Coin can rise to a resistance zone and then bounce down to the trend line. That's why I set my target at the 204 level, which coincided with this line. If you like my analytics you may support me with your like/comment ❤️
Short
by FirstNameHelen
5
Binance Coin (BNB) -> Another 500% RallyMy name is Philip, I am a German swing-trader with 4+ years of trading experience and I only trade stocks , crypto , options and indices 🖥️ I only focus on the higher timeframes because this allows me to massively capitalize on the major market swings and cycles without getting caught up in the short term noise. This is how you build real long term wealth! In today's anaylsis I want to take a look at the bigger picture on Binance Coin . You can perfectly see that Binance Coin is forming quite strong support at the psychological $200 level from which we already saw multiple bullish rejections. However since Binance Coin is approaching this level with lower highs, I am personally waiting for a breakout of the current bullish continuation triangle pattern. - - - - - - - - - - - - - - - - - - - - I know that this is a quite simple trading approach but over the past 4 years I've realized that simplicity and consistency are much more important than any trading strategy. Keep the long term vision🫡
CRYPTO:BNBUSDLong
by basictradingtv
31
Binance Coin -> Massive Risk To RewardMy name is Philip, I am a German swing-trader with 4+ years of trading experience and I only focus on price action and market structure 🖥️ I am trading the higher timeframes because this allows me to massively capitalize on the major market swings and cycles without getting caught up in the short term noise. This is how you build real long term wealth! In today's anaylsis I want to take a look at the bigger picture on Binance Coin. After the solid break and retest in June of 2020 Binance Coin followed the crypto bullrun and pumped more than 5.000% towards the upside. With the recent -70% correction Binance Coin is forming a triangle pattern and if we see a breakout I do expect a massive pump again. - - - - - - - - - - - - - - - - - - - - When the market moves where, and how, and if - these are all unknown. The only thing which you can control is your risk. - Philip Basic Trading - Keep the long term vision🫡
CRYPTO:BNBUSDLong
by basictradingtv
5
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