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BNBUSDT

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. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
8
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 ❤️
Long
by FirstNameHelen
7
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. 🌧️📉 Follow us for more crypto weather reports!
by ATTMO
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.
by cryptodailyuk
1
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 🚀
Short
by LegionQ8
11
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.
CRYPTO:BNBUSDShort
by Vestinda
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. 🌦️ Follow us for more crypto weather reports!
by ATTMO
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.
Long
by altFINS
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. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Short
by WalterMoon
9
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.
by cryptodailyuk
3
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 ❤️
Long
by FirstNameHelen
8
BNBUSDT: Prepare for a Severe Drop, Potential to Fall Below $150Hi Fellow Traders, BNBUSDT has broken out of the symmetrical triangle pattern and is possibly heading for a crash. The price is plummeting below the lower trendline and has crossed below the EMA 200 line, signaling a strong bearish trend. To make matters worse, a Bearish Inverted Hammer has appeared after bouncing off the base pattern. This deadly combination of technical factors suggests a sharp decline to the first target area. Then, we might see a brief rebound to the blue zone area before another dive to the second target area. Negative Sentiments 1. lawsuits filed by the U.S. Securities and Exchange Commission (SEC) against Binance and Coinbase 2. The SEC accuses Binance of selling unregistered securities and Coinbase of offering a lending program that violates securities laws. 3. These lawsuits are part of a broader regulatory crackdown on the crypto industry and they could have significant implications for the future of cryptocurrencies. The possible outcomes of the lawsuits, such as settlements, fines, or bans, and how they could affect the crypto market and innovation. It is essential to note that the analysis will no longer hold validity once the target/support area is reached. Please support the channel by engaging with the content, using the rocket button, and sharing your opinions in the comments below! Disclaimer: "Please note that this analysis is solely for educational purposes and should not be considered as a recommendation to take a long or short position on BINANCE:BNBUSDT ."
Short
by financialfreedomgoals101
Binance Coin can bounce up of support line and exit of triangleHello traders, I want share with you my opinion about Binance Coin. Looking at the chart, we can see how the price a few time ago declined to the 237 resistance level, which coincided with the seller zone and at once rebounded up and continued to rise inside the upward channel. After the price reached the resistance line of the channel, it started to decline and in a short time, BNB declined to the 237 level again, broke it, and made a strong downward impulse to support line of the triangle, thereby exiting from the upward channel and breaking 237 and 213 levels. But after this movement, the price at once bounced up and rose to the resistance line of the triangle, breaking the 213 level again, which coincided with the buyer zone. When BNb reached the resistance line, it soon rolled down to the support level, and even recently tried to back up, but failed and bounced back to the 213 level. Now Binance Coin trades very close to this level and I think that the price can decline to the support line and then start to rise to the resistance line. Also, BNB can exit from the triangle and continue to rise, for this case, I set up my target at the 224 level. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
9
BNBUSDT - Price can break resistance level and then make retestHi guys, this is my overview for BNBUSDT, feel free to check it and write your feedback in comments👊 A few time ago price started to trades inside rising channel, where it fell to $215 level and then continued to rise. Later price made strong upward impulse to resistance line of pennant, thereby exiting from channel and breaking resistance $225 level. But then BNB bounced down and declined below this level and some time later declined to support line, breaking $215 level too. Also recently, price bounced up and tried to rise back, but failed and now trades in support area near resistance line of pennant. Possibly, Binance Coin can exit of pennant, break resistance level, and make retest, after which it starts to rise to $222 level. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
11
HelenP. I Binance Coin can make correction and then bounce upHi folks today I'm prepared for you Binance Coin analytics. Some time ago price bounced from the 214 support level and started to rise inside an upward channel, in which it reached the 224 resistance level. Then, BNB exited from the channel, and made a strong upward impulse to 235 points, thereby breaking the resistance level, which coincide with the 224 resistance zone. But soon, the price rebounded down back and even declined below this level. Price tried to rise, but failed and continued to fall to 214 support level, which coincided with the support zone. As well later BNB declined below this level, where it some time tarded in the support zone and later rebounded back. At the moment, Binance Coin trades near the support level and I expect that the price can make a small correction to this level and then continue to move up. Therefore I set up my target at 220. If you like my analytics you may support me with your like/comment ❤️
Long
by FirstNameHelen
7
BNB/USDT 4HInterval Review ChartHello everyone, I invite you to review the BNB chart on a four-hour interval. First, we will use the yellow line to mark the uptrend from which the price went down, then we have a visible downtrend, from which we observe the sideways exit and currently we can mark the local channel of the sideways trend with the blue lines. Now let's move on to marking the places of support. We will use the Fib Retracement tool to mark the support, and here we can see that the price is at the upper border of the support zone from $215 to $210, however, when we fall below this zone, we still have support at $203, and then we can see a strong drop to the support area at $184. Looking the other way, we can also mark the places where the price should meet resistance. And here, a slight price movement will enter the resistance zone from $216 to $220, then we have the second zone from $223 to $225, then resistance at $229, and then resistance at $234. The CHOP index indicates that there is a lot of energy to be used in the upcoming move, on the RSI we are in the middle of the range, which makes it difficult to determine the direction, but the STOCH indicator indicates a rebound, which may push the price towards the resistance zone.
by cryptodailyuk
#BNB/USDT IDEABNB currently in a strong support zone, the RSI is crossing over MA14 #US DOLLAR ANALYSIS The US dollar got rejected from the horizontal resistance and is currently retesting above the descending triangle and the MA 200. MACD crossover is turning bearish and RSI is moving toward the oversold region. A failed retest and breakdown of the MA 200 would be the bearish confirmation, while a solid breakout of the horizontal resistance would be the bullish confirmation. We've to note that it usually works inversely proportional to the market. Im looking for a strong pump Entry: 215.66 - 216.32 SL: 213.5 TP1: 228.06 TP2: 240.88 TP3: 260 Not a financial advice, please manage your leverage and risk Thanks
Long
by CoiNook