BNB - YOU CAN PROFIT from Range TradingHi Traders, Investors and Speculators of Charts📈📉
Range trading can be dreadful, boring, and also a risky time to trade!
BNBUSDT is expected to continue trading in a tight range. However, this doesn't mean you cannot profit during times of low volume. Although leverage trades often get shaken out by algorithms, spot trading could be strategically used to buy lower and sell higher; old school style.
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BINANCE:BNBUSDT
BNBUSDT
BNB/USDT 4H ReviewHello everyone, I invite you to review the chart of BNB in pair with USDT, also on a four-hour interval. First of all, we can use the blue lines to mark the triangle in which the price is moving, what's more, at this point we can see that the price quickly dropped from the place where we touched the blue ema cross 200 line, remaining in a downward trend.
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, we can first mark the support zone from $210 to $207, while we still have strong support at $204.
Looking the other way, we can similarly mark places where the price should encounter resistance on the way up. And here the first resistance zone starts at $215 and ends at $219, then we have the second zone from $223 to $228, and then strong resistance at $234.
The CHOP index indicates that the energy has been used and is currently slowly growing, the RSI showed an increase and now a strong recovery is visible, while the STOCH index also exceeded the upper limit, which resulted in a strong price recovery.
BNB - BUY targets about to hit 💰📉Hi Traders, Investors and Speculators of Charts📈📉
Binance coin is oversold, but our technical indicator has not yet flashed the "Extreme Oversold". This indicates that it's possible to see one more move downward (even if it's just a wick) before the RSI corrects from being Oversold.
BNBUSDT looks like it's about to hit my spot buy targets with the traditionally approach of buying low and selling higher at the first and second resistance zone. Leverage trades often get shaken out by algorithms, spot trading could be strategically used to buy lower and sell higher; old school style.
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CRYPTOCAP:BNB BINANCE:BNBUSDT
BNB/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello, welcome to this BNB/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- BNB, formerly Binance coin, was another big mover on Tuesday, as the token rose for a back-back session.
BNB/USD reached a high of 213.19 earlier in the day, after starting the week at a low of 208.02.
the native token of cryptocurrency exchange Binance now seems to be pushing for a ceiling of 220.
BNB bulls will need to surpass an upcoming resistance point of 47.00 on the RSI indicator.
BNB is now at a reading of 44.41, with the token trading marginally lower at 211.74.
I have tried to bring the best possible outcome to this chart.
Hit the like button if you like it and share your charts in the comments section.
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Binance Coin can make correction and then continue to move upHello traders, I want share with you my opinion about Binance Coin. By observing the chart, we can see that the price some days ago started to trade inside the range, where it rebounded down from the 218 resistance level, which coincides with the seller zone and fell to the 211 support level. Then it bounced up to the top part of the range, which coincided with the resistance line and then it rolled down back. Also, BNB broke the 211 support level and fell to the support line of the wedge, where it at once rebounded and made a strong upward impulse until to the resistance line, thereby breaking two levels - 211 and 218. But soon BNB bounced down and backed up to the support level, which coincided with the buyer zone, exiting from the wedge. Also, a not long time ago it made a fake breakout of this level and in a short time back up. Now Binance Coin trades near the support level and maybe it can make a correction to this level and then continue to move up to the resistance level. For this case, I set my target at 218 level. Please share this idea with your friends and click Boost 🚀
BNB/USDT Analysis:- Ready for $100 in few Days?Binance Coin (BNB) Technical Analysis: A Bullish Future Amidst Short-Term Challenges:-
Introduction:
Binance Coin ( EURONEXT:BNB ) is currently trading at $209, and there are some intriguing developments in its chart that we need to explore. This technical analysis will delve into the short-term expectations for EURONEXT:BNB and provide insights into potential buying opportunities and long-term prospects. Please note that this analysis represents my personal opinion and is not financial advice. Always conduct your own research before making any investment decisions.
Short-Term Outlook:
As we examine the current chart for $BNB/USDT, it's evident that there's a potential downside move looming in the coming days. However, there's more to the story.
In the weekly chart, a Bull flag pattern is forming. This suggests that while we may see short-term bearishness, there's a strong indication of a bullish trend in the near future. The critical support level for the Bull flag channel is at $100, and I anticipate $100 becoming a key price point in the short term.
Opportunity in the Dip:
With the strong support at $100, this presents an excellent buying opportunity for investors looking to enter the EURONEXT:BNB market or increase their holdings. It's important to note that purchasing at or near this level could yield substantial gains when the next bull run occurs.
Long-Term Perspective:
While the short-term may pose challenges, the long-term outlook for EURONEXT:BNB is quite promising. I anticipate a significant bull run in the future, with price targets ranging between $2000 and $3000. However, this is a longer-term projection and should be considered as such.
Critical Price Levels:
Currently, the $210-$250 range is of utmost importance. Traders and investors should closely monitor this level as it could serve as a pivot point for EURONEXT:BNB 's short-term direction.
In summary, Binance Coin (BNB) is experiencing short-term turbulence, but the formation of a Bull flag pattern suggests a bullish future. The $100 support level is key, and buying opportunities may arise there. Long-term prospects for EURONEXT:BNB are exciting, with potential for substantial gains in the next bull run.
Support Levels:
Short-Term: $200/$100
Resistance Levels:
$310/$460/$660
Remember, this analysis is my personal opinion, and it's crucial to conduct thorough research and consider your risk tolerance before investing in any cryptocurrency. Stay informed and make informed decisions to navigate the volatile crypto market successfully.
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BNB/USDT 1H Review ChartHello everyone, let's take a look at the BNB to USDT chart on a one hour time frame. As you can see, the price has fallen below the local uptrend line.
After unfolding the Fib Retracement grid, we see that the price remains just above the support zone from $210 to $207, but when we fall lower, the next support is at $203.
Looking the other way, we see that the resistance at the level of $212 rejects the price, but then we have a significant resistance zone from $216 to $218, and then the resistance at the level of $221.
Looking at the CHOP indicator, we see that there is still a lot of energy for the move, and on the RSI indicator, despite a very small increase on the chart, we see an increase on the indicator, which may result in a small price increase in the coming hours.
BNB Binance Coin PT| Binance vs SEC Lawsuit | Whales DumpingIf you haven`t read my article about Binace being the new FTX:
The you need to know that Binance disputes the SEC's allegations of mishandling customer funds, deceiving investors, and violating securities laws.
The legal battle between Binance and the SEC has sent shockwaves through the cryptocurrency community.
Binance and its affiliates assert that the SEC is overreaching its jurisdiction on digital assets, especially without any clear legislative guidance from Congress. The original lawsuit, filed in June, accused Binance of unlawfully listing unregistered securities.
Historically, the actions of whales have been instrumental in shaping the price movements of Bitcoin and the broader cryptocurrency market.
Non-whale addresses, those holding less than 100 BTC, now account for over 41% of the total Bitcoin supply. Meanwhile, whales, entities holding between 100 and 100,000 BTC, have witnessed a decline in their collective holdings to 55.5%, marking their lowest ownership level since May.
The decrease in whale holdings could signal a potential change in the market's dynamics, potentially leading to increased volatility and uncertainty.
These developments collectively cast a shadow over the cryptocurrency market's near-term prospects.
In this context, my price target for BNB Binance Coin is $184.
Looking forward to read your opinion about it!
BNB/USDTShort-Term 1H ReviewHello everyone, I invite you to review the BNB/USDT chart. As we can see, the price has broken down from the upward trend channel, and currently we remain below the downward trend line, and what's more, when we look at the EMA Cross 200, we see that we have also fallen below the moving average, which means a return to the downward trend.
Let's start by marking support points for the price and we can see that first we have a support zone in which the price stays from $212 to $209, but if the price drops lower, the next support is at $206.4.
Looking the other way, we can similarly determine the resistance areas that the price must face. And here we see that the current rebound was reversed before it reached the first resistance zone from $213 to $215, then we have resistance at $217.8, and then a strong resistance zone from $219 to $222, where the price ended the previous move growth.
The CHOP Index indicates that most of the energy is currently being used. On the RSI, we are reflecting from the mid-range border, at which the price is declining, while on the STOCH indicator we have confirmation that when the energy reached the upper limit, the price rebounded and we are currently in the energy loading trend.
BNBUSDT - Price can make correction and then continue to growHi guys, this is my overview for BNBUSDT, feel free to check it and write your feedback in comments👊
After price bounced from $217 resistance level, it entered to falling channel, where it declined to $210 support level.
Then Binance Coin broke this level and fell to support line of wedge, in which price at once bounced back.
Inside wedge, price rose to resistance level, which coincided with resistance zone, and even broke it and reached $220 points.
But then price started to decline and in a short time backed up to support level, thereby breaking $217 level and exiting of wedge too.
Firstly BNB fell to support area, but recently it bounced up and now trades near, tha'ts why I think price can make correction to $210 again.
And then Binance Coin can continue to rise to $215 level.
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HelenP. I Binance Coin can fall little more and then rebound upHi folks today I'm prepared for you Binance Coin analytics. After the price bounced from the 217 resistance level, which coincided with the resistance zone, it first declined to the 211 support level. Next, the price broke this level and declined to the support zone, but soon BNB continued to fall and declined to the trend line. Then the price rebounded from the trend line and made impulse up to 211 support level and even rose higher of that, thereby breaking it, and then started to trade near this level. Some time ago price rebounded from the 211 support level and made impulse up again to the resistance level. After the price reached the 217 level, BNB broke it and rose to 221 points, but soon price rolled down and started to decline. Price declined below the resistance level, thereby breaking it, and also reached the trend line, which it recently broke too, and declined lower. At the moment Binance Coin trades below the trend line and I think the price can decline a little more and then bounce up to the resistance level. For this case, I set up my target at the 217 resistance level. If you like my analytics you may support me with your like/comment ❤️
BNB - ☁️ Ahead; Bearish Momentum On 🐻Binance finds itself navigating through challenging conditions in the coming 24 hours. Clouds of uncertainty loom over this digital currency exchange giant, symbolized aptly by ☁️.
Strong bullish sun ☀️ shines over the global crypto market in the next 24 hours, indicating upside potential for other coins, such as BTC.
Over a one-week horizon, trading conditions will turn more mixed with Bitcoin, Litecoin, Uniswap, and Chainlink likely to continue to benefit from the sunny bullish trend ☀️, while other altcoins like Ether and XRP may face cloudier if not rainy bearish conditions, as ATTMO indicates. 🌧️📉
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BNB/USDT 4HIntervalHello everyone, let's take a look at the BNB to USDT chart on a 4-hour time frame. As you can see, the price has moved higher from the local downtrend line.
After unfolding the Trend Based Fib Extension grid, we see that first there is a support zone from $213 to $207, and then we have a second strong zone from $199 to $193.
Looking the other way, we see that the price has been rejected by the resistance zone from $217 to $221, then there is resistance at $226, another at $232, and the next one at $240.
Looking at the CHOP indicator, we see that there is a lot of energy to be used for movement, on RSI we are in the process of recovery with room for further decline, but the STOCH indicator indicates that the energy in movement is running out, which may impede a further price drop.
BNBUSDTBNBUSDT is in strong bullish trend.
As the market is consistently printing new HHs and HLs.
currently the market is retracing a bit after last HH, which is also the 50% fib retracement level and the previous broken resistance might be turning as a support. if the market successfully sustain this bullish confluence the next leg high could be 220.
After upward impulse, Binance Coin can start to declineHello traders, I want share with you my opinion about Binance Coin. Observing the chart, we can see that the price a not long time ago declined to support line of a downward channel and then tried to rise, but failed and fell back. After this BNB rebounded up and made a fake breakout of the 217 resistance level, and then continued to fall to the 211 support level, which is located in the buyer zone. Binance Coin broke this level, exited from the downward channel too, and then fell to the support line of the wedge, where it at once bounced up and made a strong upward impulse to the resistance line, breaking the 211 support level again. Then the price made a correction below this level, but soon it started to rise and in a short time BNB rose to the current support level, which coincided with the resistance line of the wedge. Also recently price exited from the wedge, broke the 217 level, and even made a retest. Now BNb continues to move up and I think that the price can start to fall to the support level and then try to break it. If the price breaks this level, BNB can make a retest, or at once continue to decline, therefore I set my target at the 214 level. Please share this idea with your friends and click Boost 🚀
2023 Showdown: Can Binance Coin Hold the $200 LineHello traders and investors! If you appreciate our charts, give us a quick 💜💜.
A remarkable similarity between the current Weekly chart of BinanceCoin ( BINANCE:BNBUSD ) and the 2018-2019 market has become evident. It's as if we're witnessing a large fractal pattern unfolding before our eyes. However, as we stand on the brink of 2023, there's a critical juncture approaching - the $200 support level for $BNBUSD.
When we examine this fractal in the context of 2018-2019, it suggests a scenario where the price could potentially break down, possibly leading to a significant 50% decline to approximately the $100 level.
This pivotal moment at the $200 support level warrants our keen attention, as it could have substantial implications for the future direction of BinanceCoin. The echoes of the past are compelling, and it's essential for traders and investors to stay vigilant and monitor this unfolding pattern closely.
BNB Faces ☁️; Bearish Trend On a 1-Week HorizonBinance Coin, Litecoin, and Cardano face cloudier trading conditions in the next 24 hours, signaling a slightly bearish market with downside risk. ⛅️
On the other hand, the sun is back ☀️ , shining over the global crypto market following a key court ruling in the US. ATTMO indicates a slightly bullish market with upside potential for the coming hours and one-week horizon for Bitcoin, Ethereum, and most alts.
Over a longer time horizon, the forecasts are mixed, with a continued bearish trend for Binance Coin but a slightly bullish trend for Litecoin. 🌦️
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BNB: Approaching ResistanceBinance (BNB) technical analysis:
Trade setup : Following a bearish breakout from Ascending Triangle pattern, price resumed its downtrend and 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. Price could revisit $200 support.
Trend : Downtrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Mixed as MACD Line is above MACD Signal Line (Bullish) but RSI < 45 (Bearish).
Support and Resistance : Nearest Support Zone is $200. The nearest Resistance Zone is $220, then $260, and $300.
BNBUSDT - Price can make one more move up and then start to fallHi guys, this is my overview for BNBUSDT, feel free to check it and write your feedback in comments👊
After price bounced down from $226 points, it declined below $220 resistance level, which coincide with resistance area.
The price tried to rise but failed and declined to $205 support level, which is located inside support area.
Also, BNB entered to rising channel, where it made an upward impulse higher than $220 level, but soon declined back, thereby exiting from channel.
Then price started to trades in flat, after which it fell to support level, and a not long time ago bounced and started to rise.
Now I think that BNB can rise a little more and then bounce down to $205 support level.
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BNB/USDT 1DInterwal Review ChartHello, I invite you to review the BNB chart taking into account the one-day time frame. As we can see, the price is still in the downtrend channel marked with blue lines.
When we unfold the Trend Based Fib Extension grid, we see that the price remains in a strong support zone from $212 to $205, but when we fall lower we have a second zone from $199 to $189, and further we can see the price drop to the support level of 176 $.
Looking the other way, we can similarly determine the resistance areas that the price must face. And here it is worth marking the main strong resistance zone from $229 to $244, only when the price goes above it and tests positively will we see an increase to the area of strong resistance at $270.
The CHOP index indicates that energy is slowly gaining strength. On the RSI we are moving in the lower part of the range, which should bring an increase in the price in the coming days, while on the STOCH indicator we also have a lot of room for the price to start growing, which may have a positive impact on the valuation of BNB.
HelenP. I Binance Coin can bounce up and reach resistance zoneHi folks today I'm prepared for you Binance Coin analytics. A few time ago price declined from 222 points and entered consolidation, where it declined until to 212 resistance level, which coincided with the resistance zone. However, after this movement, the price rebounded and started to rise to the top part of the consolidation. When it reached the top part, BNB at once bounced down to the resistance area, where it some time traded and later rebounded down to 204 points, thereby exiting from consolidation and breaking the 212 resistance level. A not long time ago Binance Coin bounced and made an impulse up to the resistance zone, but recently price declined back and at the moment it trades very close to the resistance level. I expect that the price can finally break the resistance level, make a retest, or at once continue to move up. Therefore I set up my target at the 217 level. If you like my analytics you may support me with your like/comment ❤️