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BNBUSDT

BNB/USDT 1D Chart ReviewHello everyone, I invite you to review the BNB chart taking into account the one-day interval. We can start by marking the local triangle with blue lines, as you can see we are approaching the exit of a specific product. Let's start by marking the support spots for the price and we see that the price stays just below the support at $240.72, then we have a strong support zone from $235 to $228, however if the price goes lower, we have the next support at $220. Looking the other way, we can similarly determine the places of resistance that the price has to face. And here we see that first the price has to break the zone from $244 to $248, then there is the second zone from $251 to $255, and then the strong resistance at $261. The CHOP index indicates that there is a lot of energy to move, while the RSI moves around the middle of the range, which in combination with the STOCH indicator, we can see the price rebound.
by cryptodailyuk
BNBUSDT - Price can start to move down to support levelHi guys, this is my overview for Binance Coin, feel free to check it and write your feedback in comments👊 Recently price bounced down from $245 resistance level, which coincided with resistance area. BNB fell to $238 support level and soon bounced back to resistance level, but soon fell below support area. Next, price started to rise inside rising channel, in which BNB rose higher of $245 level and reached resistance line. Also, price left channel and entered to triangle, but not long time ago BNB exited from it and declined to support level. Binance Coin bounced from $238 level and now continues to move up and I think that price can fall to support level, break it and make retest. As well then Binance Coin can continue to decline to $235 level. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Short
by WalterMoon
7
HelenP. I Binance Coin can continue to trades in upward channelHi folks today I'm prepared for you Binance Coin analytics. A not long time ago price declined from the resistance zone, which coincide with the 246 resistance level to the 238 support level, which is located inside the support zone. After this, BNb tried to back up but failed and fell to the support zone, which later started to rise inside the upward channel. In the channel, the price rose to the resistance line and even made a fake breakout to 249 point, but soon declined back and continue to trade inside the channel. Next Binance Coin reached a 246 resistance level and then rebounded down to a 238 support level, thereby breaking the support line of the channel, but recently it bounced back and at the moment continues to rise in the channel. I expect that Binance Coin can fall to the support line of the channel and then bounce up. For this case, I set up two targets, the first target at the 243 level and the second - 246 resistance level. If you like my analytics you may support me with your like/comment ❤️
Long
by FirstNameHelen
7
Binance Coin can rebound from support level and start to move upHello traders, I want share with you my opinion about Binance Coin. Observing the chart, we can see that the price some days ago rebounded from the 250 resistance level, which coincide with the seller zone, and made a strong downward impulse to the support line, thereby breaking the 240 support level. After this movement, BNB bounced up and rose to the resistance line of the triangle and soon started to fall. Price fell to the support level, which coincide with the buyer zone, and later declined more to the support line again. Then Binance Coin rebounded from the support line, made an upward impulse to the resistance line, and a not long time ago fell to the 240 support level. Also recently, the price made a fake breakout of the resistance line of the triangle and at the moment, the price continues to trade near the 240 level. In my mind, BNB can rebound from the support level and start to rise to the resistance line of the triangle. Then price can exit from the triangle and continue to move up. For this case, I set up two targets, the first target at the 245 and second - at the 250 resistance level. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
6
Bollinger Band SqueezeWhat is a Bollinger Band Squeeze? • A Bollinger Band Squeeze describes a period in which volatility is extremely low. The narrowing of the Bollinger Bands signals low volatility. • There is a formula to calculate the level of the squeeze. However, for simplicity, I use the Bollinger BandWidth with High/Low References by Sinier, with a 180-day lookback period. • You can look at the bottom indicator and see that the orange line, signifying the BB width is as low as it gets. • According to Bollinger, periods of low volatility are often followed by periods of high volatility. It stands to reason that once the period of low volatility is over, a big move, up or down, will happen. • For example, In may BNB was squeezed in a 3.41% range, and the following move was a 25% move. How to determine the direction of the squeeze? • The squeeze by itself, is a directionless signal. • Bollinger suggests using momentum indicators, volume-based indicators, divergences, and classical TA techniques to determine the direction of the squeeze. • Bollinger also suggests practical advice, based on market psychology: when the majority of traders point in the same direction, it’s usually a good idea to go in the opposite direction. Trade idea: • I couldn’t get a directional hint by using indicators. However, since we are in a range with clearly defined support and resistance levels, I will take this trade as a breakout trade. • Support is 235 USDT. Resistance is 250USDT. • You can take this trade at the break of the Bollinger band, to either side. Or, you can be more conservative and wait for a support resistance flip. • The SL is the upper or lower boundary of the Bollinger band.
BINANCE:BNBUSD.P
by NewThoughtCrypto
BNBUSDT - Price can exit from triangle and continue to riseHi guys, this is my overview for BNBUSDT, feel free to check it and write your feedback in comments👊 Recently price bounced from resistance zone and started to fall to $237 support level, thereby breaking $242 resistance level. Also then, BNB started to rise inside from rising channel, where it broke $242 resistance level again and even made fake breakout. After fake breakout, price made strong upward impulse to $248 resistance line, thereby exiting of rising channel. Then price fell to support line, forming triangle pattern, and now continues to trade near resistance line inside triangle. In my mind, Binance Coin can bounce up, thereby exiting from triangle and breaking resistance level. As well, I think that price can make retest and then continue to rise to $245 level. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
10
210.2-243.5 is a strong support sectionhello? Traders, welcome. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a good day. ------------------------------------- (BNBUSDT chart) (1M chart) The HA-Low indicator has not yet been created on the 1M chart. So, we need to see if this drop creates an HA-Low indicator. If the HA-Low indicator is created, the key is whether it can be supported around it. There is a possibility that the 284.8-353.3 section, which is a support and resistance section formed after the surge, will play a role as a volume profile in the future. The StochRSI indicator has entered the oversold zone. Therefore, when coming out of an oversold zone, you should check whether it finds support or resistance at any point or zone. (1W chart) The key is whether it can get support and rise above the 233.9 point, i.e. the HA-Low indicator on the 1W chart. If support is confirmed near the HA-Low indicator, it is time to buy. The first selling zone is near the HA-High indicator (284.6). Looking at the correlation between the HA-Low and HA-High indicators, we can see that there is still room for upside since the HA-Low indicator is longer than the horizontality of the HA-High indicator. However, since the StochRSI indicator has entered the overbought zone, if it falls below 233.9, the situation may change, so a stop loss is necessary when it falls below 233.9 and shows resistance. (1D chart) It is showing sideways movement near the MS-Signal indicator. Accordingly, if it rises above 243.5, it is expected to rise to around 284.8. However, there is a possibility that it will touch the 150 EMA and M-Signal indicators on the 1W and 1M charts and decline. Even if it falls to around 210.2 due to a temporary decline, the 210.2-243.5 area is a strong support area, so it is a buying time. In this way, the 284.8-332.4 section, which is expected to act as a volume profile, corresponds to the first selling section. -------------------------------------------------- ------------------------------------------- ** All descriptions are for reference only and do not guarantee profit or loss in investment. ** Even if you know other people's know-how, it takes a considerable period of time to make it your own. ** This is a chart created with my know-how. ---------------------------------
by readCrypto
#BNBUSDT Buyers Flex Muscles💎A few days back, #BNBUSDT accomplished a significant feat by successfully penetrating the downtrend trendline resistance. On the subsequent pullback, it found solid support at the uptrend trendline, igniting potential for increased trading activity and volume. As the probability now strongly favors further growth, an intriguing opportunity for buyers emerges. 💎This opportunity remains compelling as long as #Binance coin remains above the crucial $220 support, where it formed a double bottom. While we anticipate further growth, Paradisers must also be prepared for potential price spikes below the current minor support at $235. 💎As we chart the course for #BNB, our eyes are on the critical resistance at $285, which converges three powerful indicators—the 50% Fibonacci retracement, the downtrend trendline, and the 200 Simple Moving Average. The presence of these indicators at $285 suggests that this uptrend may unfold over approximately 3 weeks. 💎Additionally, the MCP team will closely monitor the next significant psychological resistance at $300, corresponding with the 61.8% Fibonacci retracement level, the previous supply zone, and the breakout point of the 200 SMA. 💎In summary, #Binance's imminent move, expected to unfold very soon, keeps us on our toes. With our foresight and strategic approach, we are poised to seize every opportunity that arises, whether it leads to bullish or bearish territory.
Long
by MyCryptoParadise
HelenP. I Binance Coin can break support level and fall to $237Hi folks today I'm prepared for you Binance Coin analytics. Some days ago price reached the 245 resistance level, which is located inside from resistance zone, and later started to decline to the 240 support level. After this, BNB tried to rise back, but failed and made impulse down below the 240 support level, which coincide with the support zone to the trend line. Then the price started to move up near this line and in a short time it reached the support level and broke it. After this price rose higher of the support level and then made the correction and later rose to the resistance zone. When the price touched the resistance zone, it bounced down to the trend line, but Binance Coin at once rebounded up and rose higher of the 245 resistance level. As well recently, the price started to decline and soon it fell below two levels, thereby breaking the trend line too. But a not long time ago BNB rebounded up and now trades near support level. I expect that Binance Coin can fall to the support zone, thereby breaking the support level. After this movement, the price can make a retest of the support level and then continue to decline, For this reason, I set up my target at the 237 level. If you like my analytics you may support me with your like/comment ❤️
Short
by FirstNameHelen
4
BNB/USDT (4H)--- Rising ralley is comingHi traders,hope you have good time.On the BNB chart, I envision a good rise due to the Bitcoin dominance situation. The 4-hour trend line is maintained and currently has the strength to break through the 260 resistance. If 2 4-hour candles close below 235, this The analysis is violated. The 200 EMA indicator, which is marked by the pink line, the price was able to break it and stabilize above it, which is a good sign. The resistances of 282 and 303 are the most important ranges for TP. ENTRY POINT:240 STOP LOSS:CLOSE 2 (4H) CANLDLE BELOW 235.4 TP 1:282 TP 2:303
Long
by Parsa-Tyra
BNB/USDT 4HInterval Review CHARTHello everyone, welcome to the BNB to USDT chart review on a four-hour timeframe. We will start by selecting the uptrend channel in which the price is moving at the lower border, locally we can see that we managed to get out of the downtrend line at the top. When we lay out the Fib Retracement grid, we see that the price stayed in the strong support zone from $241 to $236 and has now moved above it, however, when the direction of the price changes and the zone is broken, we still have very strong support at $229 and then level of $221. Looking the other way, we see a third approach to resistance at $245, then we can see a rapid rise to a strong resistance zone from $248 to $251, when it breaks out higher, we have resistance at $255, then at $261 $. The CHOP index indicates that there is energy to be used, the RSI is moving in the upper part of the range, and what's more, we can see that downward movements on the indicator give a larger correction than upward movements. On the STOCH indicator, we are approaching the upper limit, which may also affect the upcoming price rebound.
by cryptodailyuk
BNB/USDT 1H Chart Review Hello everyone, let's look at the BNB to USDT chart on a one hour timeframe. As you can see, the price is moving above the local uptrend line. After unfolding the trend based fib extension grid, we see that there is a support zone from $242.8 to $242 first, then support at $241.39, and then the second zone from $240.73 to $239.81. Looking the other way, we see a resistance zone from $243.92 to $244.58, resistance at $245.12, and then a second strong zone from $245.69 to $246.46. The CHOP index indicates that there is still energy for a move, the RSI is approaching the upper limit again, which may reverse the direction of the price, while the STOCH indicator has crossed the upper limit, which may result in a stronger downward move.
by cryptodailyuk
BNBUSDT Sideways Trading Strategy! 🚀 BNBUSDT Sideways Trading Strategy! 📉 #BNBUSDT #Cryptocurrency #TradingStrategy #TechnicalAnalysis #SidewaysMarket Hey crypto enthusiasts! 📊 Today, I've identified an exciting opportunity in the BNBUSDT cryptocurrency pair. The 1-hour chart indicates a sideways market, lacking a clear bearish or bullish trend. To capitalize on this situation, I've devised two trade plans using buy stop and sell stop orders, strategically aligning with key support and resistance levels. 📉 Trade Plan 1 - Sell Stop Order 📉 🎯 Entry: At S2 level of 237.5 🛡️ Stop Loss: Above S1 at 240.1 🎯 Take Profit: 1:1 at 234.9 In this plan, we are looking to profit from a potential downside move within the sideways range. The entry point at S2 suggests a bearish continuation, while the stop loss above S1 provides protection against a possible reversal. The take profit target is set at 1:1, aiming for a reasonable profit within the range. 📈 Trade Plan 2 - Buy Stop Order 📈 🎯 Entry: At R2 level of 246.7 🛡️ Stop Loss: Below R1 at 244.0 🎯 Take Profit: 1:1 at 249.4 In this plan, we aim to benefit from a potential breakout to the upside. The entry point at R2 indicates a bullish breakout, while the stop loss below R1 helps manage risk in case of a retracement. The take profit target is set at 1:1, offering a balanced risk-to-reward ratio. Please remember that trading in a sideways market can be challenging, and it's crucial to exercise caution. Use appropriate risk management strategies and avoid risking more than you can afford to lose. Best of luck! 🍀 Happy trading! 🚀💹
by T-Q
BNBUSDT - Price can bounce down to $235 support levelHi guys, this is my overview for BNBUSDT, feel free to check it and write your feedback in comments👊 Recently price reached to $250 resistance level, which is located in resistance area, but soon started to decline inside falling channel. Price fell below $235 support level and later decline to support area, starting to rise. Later BNB rose to resistance level, thereby exiting from channel, but at once it made a small correction and then bounced up to resistance line. Then price made strong downward impulse to $235 support level and a not long time ago, it bounced higher of resistance line, thereby breaking resistance line. At the moment I think that Binance Coin can rise a little more and then bounce down to $235 support level. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Short
by WalterMoon
9
Ethereum Showing Extreme Weakness - Major Trend Break Just thought I would leave this here to see how it evolves as I don't look at Ethereum much besides the utility of stablecoins. In the past months Bitcoin has hit a macro bottom and completed a pretty good bounce roughly 90% indicating true accumulation + interest and this is before the Spot ETF's had been announced. Ethereum on the other hand had actually dropped under Bitcoins Macro bottom and had been trending to stay alive on the the line (Green) 56%. Compare BNBUSD we see the same picture indicating less and less interest in the native Eth token what could be some of the reasons? Many allocators interested in Bitcoin could only really use exchanges via bank transfer > stablecoin of your choice mainly USDT > Bitcoin, this means the majority of volume and price upkeep on the native Ethereum token is not based on its own unique ecosystem rather based on the Stable coins providing the only mode of transport. We see the decline of Ethereum's strength directly correlated with USDT, USDC, BUSD declining growth proving this theory including MSTR (MicroStrategy) offering one of the only alternatives to have exposure to Bitcoin. Where is this going where does it lead? Simply if the stable coin model fails to provide more and more liquidity to feed the BNB or Ethereum Chain the chains results to failing unless you can keep the native token price up. Spot Bitcoin ETF's and internal Fidelity trading platforms will render stablecoins needing to use blockchains like Ethereum, Solana, Binance Chain not needed. Paolo Ardoino (Tether CTO) explains this model very well, exchanges forcefully chose to not adopt Bitcoin Lightning Network due to basically no fee's and no native token, forcing Ethereum / BNB forces liquidity into L2 chains and staking funding exchanges to do more marketing. See if Spot ETF's come in and other exchanges like Coinbase, Bitfinex etc adopt Lightning Network the demand for stable coins on Ethereum / Binance Chain would free fall and its already starting. As the NFT / DeFi hype continues to decline leading exchanges will need to change their business model like firing thousands of employee's and adopting Lightning Network and eventually USDT, USDC will run on Lightning Network. Paolo Ardoino 🍐 Tweet twitter.com We will see over the months how this develops.
INDEX:BTCUSD
by FederalXBT
1