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BNBUSDT

BNB: Oversold at SupportBinance (BNB) technical analysis: Trade setup: Bearish breakout from Rising Wedge pattern and below 200-day moving average (~$300) signaled bearish trend reversal to downtrend. It is however quickly approaching $220 support area and is very oversold (RSI ~ 20), thus price could bounce up near-term. It’s a higher risk swing trade setup since overall trend is down. Patterns : Rising Wedge It usually forms after an uptrend and suggests a potential bearish reversal in the original uptrend. When price breaks the lower trend line the price is expected to trend lower. Emerging patterns (before a breakout occurs) can be traded by swing traders between the convergence lines; however, most traders should wait for a completed pattern with a breakout. Trend : Downtrend across all time horizons (Short- Medium- and Long-Term). Momentum is Bearish but extremely oversold. (MACD Line below MACD Signal Line). RSI is Bearish (< 45) but extremely oversold (< 20), which could imply that price could briefly stabilize or bounce if it reaches Support. Support and Resistance :Nearest Support Zone is $220. The nearest Resistance Zone is $260 (previous support), then $300.
Long
by altFINS
BNBUSDT AnalystHello everyone !! I want share my idea about BNBUSDT. On that active we have pretty bearish trend which almost showing us little LOW HIGHES then it going again down, in my last overview, I had positive hopes about BNB because we were close to 1W support and trendline, but it broke with 2 big impulsive bearish candle, i wanted see other picture but reality it is now. I will link our last price prediction of BNB. On that chart there is not lot of what we can say, BNB broke high support area (255-245) and its going down, to next support which is at 190-180. Partly its good 190$ is the best price for buy that active which has really big future. I Hope big investor interested price will be 190$ for massive bull run. we will see that, only what we need to do now follow trend and be patient. BE PATIENT!!! TRADE LESS!!!
Short
by elmakacho
BNB Possible Fall to deep Amid SEC-Binance NewsAs Binance Coin (BNB/USD) is currently testing a significant weekly support, market participants should keep a close watch on the coming price action. Given the recent developments between the Securities and Exchange Commission (SEC) and Binance, we could observe heightened selling pressure in the near term that might induce a downside break of this critical support. Binance, the issuing entity of BNB, has been under intense scrutiny by the SEC. The commission's increased attention on the crypto exchange's operations, particularly in areas of regulatory compliance, could create an atmosphere of uncertainty and risk among investors. These external pressures could potentially add to selling pressure on BNB. At present, the BNB/USD pair is testing a crucial weekly support level. If the pair fails to sustain above this support, a steep sell-off could be triggered that might drive the prices down to the next support-resistance (SR) area around $50. This level has previously served as both support and resistance and is a likely target should the current support fail. Traders should monitor the situation closely and look for confirmatory signals of a breakdown. A weekly close below the current support, accompanied by increased trading volumes, could offer a stronger indication of a potential decline towards the $50 mark. However, traders should also consider that market dynamics can change rapidly, especially in the crypto space. While the recent news involving Binance and the SEC seems bearish, any positive developments in this regard could quickly reverse market sentiment and impact BNB prices. Always remember, trading involves risk. It's important to conduct thorough research and consider various scenarios before making trading decisions. Consider this analysis as part of a diversified strategy. Note : This idea does not constitute financial advice. Always do your own research before making any investment decisions.
Short
by sahbil
Binance Coin can break resistance level and cotninue to growHello traders, I want share with you my opinion about Binance Coin. By observing the chart we can see that after downward channel, price declined past support level - $301.5. But BNB at once bounced from this level and next started trading inside the big range. As well sometimes Binance Coin fell to bottom part, which coincided with support level and area, but later it broke level and made strong downward impulse to support line. Then price tried to grow to resistance line, but failed and fell lower next level and area. But recently BNB bounced up and now trades close $234.5 level. Possibly Binance Coin can break resistance level with line, make retest and then continue to rise. Therefore I set my target at 256.5 level. Therefore I set my target at 256.5 level. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
5
BNB: THE FALL TREND OF BNB below $200According to the latest study, there is a strong likelihood that BNB (Binance Coin) will experience a downward trend, potentially reaching a new low within a short period of time. This prediction is based on the previous trends of BNB, taking into account technical aspects of the cryptocurrency. As per the update, it is expected that BNB will drop below the $200 mark. The analysis of BNB's price history reveals that it started at a value of $8, and since then, there has been a significant increase in liquidity volume. However, when a considerable portion of this liquidity decreases, it can have an impact on the price movement of BNB. This is not trading advice, manage always your trades and risks well.
Short
by Goldenbreakout
Potential Reversal Amid Market PressureBinance Coin (BNB) is currently trading at $235 with an RSI (Relative Strength Index) of 25. Let's delve into the details of recent market movements and the potential implications for BNB's price. In recent times, BNB encountered a significant support level at $300, after which it experienced a positive swing. The price escalated precisely from this range to reach the resistance level situated at the floor of the previously broken corner pattern, which coincided with the blue range at $320. However, since this level had been breached in the past, it resulted in the formation of a range channel between the aforementioned resistance and the $300 support. The market dynamics took a negative turn when news regarding the SEC complaint against the Binance exchange surfaced. This led to a prevailing wave of fear and selling pressure across the market, causing important support levels to crumble not only for altcoins but also for Bitcoin. It's worth noting that Bitcoin had already been following a bearish trend within the 4-hour timeframe and was correcting towards its support. Given the intensified downtrend experienced by BNB, a crucial support range is observed within the $217-$200 bracket. This support level nearly aligns with the floor of the weekly channel range for BNB. If there are discernible signs of reaction and a change in trend within this range, particularly within the 4-hour period, it could potentially herald a positive fluctuation in the price of BNB. Traders and investors should closely monitor for any indications of bullish activity within this key support zone. However, if selling pressure persists and there are no apparent signs of a shift in market sentiment, the support at $200 is at risk of being breached. In such a scenario, BNB's price may experience further decline, potentially reaching the ranges of $160-$150 and $114-$110. It is crucial to closely track market developments and assess the situation accordingly to make informed trading decisions.
by MonoCoinSignal
2
HelenP. I Binance Coin rebounded from support and may to riseHi folks today I'm prepared for you BINANCE COIN analytics. Having formed a resistance zone of 340.5-346.5, the price started to decline and traded below for some time. After testing level 300.5, Binance Coin rebounded, rose and tried to break through the resistance zone, but did not fix above. The price started to decline and, after an upward correction and a re-test of the resistance zone, fell to support at level 300.5. After a re-test support, Binance Coin traded above for a long time and then break through it and continued to fall. The price broke through the level of 254 and dropped to the level of 229. After testing level 229, Binance Coin rebounded and rose. Now the price is trading above support and may continue to rise. It seems to me that the price may continue to rise and reach resistance. Therefore, the goal will be set at level 254. If you like my analytics you may support me with your like/comment ❤️
Long
by FirstNameHelen
1
BNB: Oversold at SupportBinance (BNB) technical analysis: Trade setup : Bearish breakout from Rising Wedge pattern and below 200-day moving average (~$300) could signal bearish trend reversal to downtrend. It is however quickly approaching $220 support area and is very oversold (RSI ~ 30), thus price could bounce up near-term. It’s a higher risk swing trade setup since overall trend is down. Patterns : Rising Wedge It usually forms after an uptrend and suggests a potential bearish reversal in the original uptrend. When price breaks the lower trend line the price is expected to trend lower. Emerging patterns (before a breakout occurs) can be traded by swing traders between the convergence lines; however, most traders should wait for a completed pattern with a breakout. Trend : Downtrend across all time horizons (Short- Medium- and Long-Term). Momentum is Bearish but extremely oversold. (MACD Line below MACD Signal Line). RSI is Bearish (< 45) but extremely oversold (< 20), which could imply that price could briefly stabilize or bounce if it reaches Support. Support and Resistance : Nearest Support Zone is $260, which it broke, then $220. The nearest Resistance Zone is $300 (previous support), then $340.
Long
by altFINS
Binance Coin Can Be Finishing A Larger Bullish TriangleBinance coin is trading sideways for more than 100 weeks, similar as back in 2018-2020. We see it as a long corrective consolidation within uptrend, ideally as a larger bullish triangle pattern in wave (4) that can take the price higher for wave (5) in the near future. Despite recent negative news that U.S. regulators sued Binance and its CEO Changpeng Zhao for breaking the US securities rules, we can actually see it now trading in final subwave E of (4) that can find the support around the lower triangle line and base channel resistance line. Binance is actually already bouncing back with comments »We will defend ourselves against the SEC suit vigorously. The SEC lawsuit is baseless. We remain open to a productive compromise." So, don't get bear trapped and be aware of a bullish resumption into 5th wave in the second part of 2023.
BINANCE:BNBUSDLong
by ew-forecast
Time for $BNB to bounce back!BNB is moving below its significant support of $264 on this 45m candles chart. The range that it should move should be at $264 - $274 considering the current market situation If SEC doesn't surprise us with the everyday announcements and the war against the crypto markets I believe that #BNB is going to make a short bounce. If it reaches the aboce mentioned levels, we need to check the charts again to see the next moves. I would like to read your opinions in the comments. Are you short or long on #BNB?
Long
by logicrypto
BNBUSDT AnalystHello everyone! I want share my idea about BNB. We saw really good and massive down movement of BNB. its looking very bearish but although on high timeframe it looks pretty good for buy because we are close to 1W trendline and support. I am looking bullish bitcoin too, if bitcoin price will go up I think it will help to BNB for start uptrend from here. its linked in the idea. Here is my 2 scene of price movement which is possible happen, but for me from here scene which is uptrend is more possible to happen because its really good new low for buy BNB. Be patient! Buy Low Sell High!
Long
by elmakacho
Right back Where it Started From !! #BNBSEC suing exchanges right & left . SEC sued binance & Ceo of binance for operating illegal business in US ! Price of BNB Dropped 16% following on this news !! Technically if we see #BNBUSDT chart its forming #BearFlag on Weekly time frame and now the price of BNB is at $260 and its breaking the trendline of the channel ! if weekly closed below the channel we can see a Sell off to $214 . $214 level of BNB is the most imp level to be hold ! if BNB failed to hold $214 There is higher probability that BNB will dump below $40 following the Bear Flag !! Remember BNB haven't retested its Pre Pump levels ( 37$ ) while rest of altcoins are down 90% from the highs !! @Crypt001337
Short
by Crypt001337
BNB/USDT 1DInterval Resistance and SupportHello everyone, I invite you to review BNB in pair to USDT, on a one-day interval. First, we will use the yellow line to mark the uptrend lines, as we can see the price is currently staying just below this line. Moving on, we can move on to marking support areas when the correction begins to deepen. And here, the first support that currently holds the price is $257.2, but if the support is broken, we have another support at $230.7, and then a third very strong support at $197. Looking the other way, we see that on the way up, the price has to overcome a very strong resistance zone from $ 294 to $ 324, only when it positively tests it, we will move towards the resistance at $ 353.8, and then towards the very strong resistance at the price $396.3. When we turn on the EMA Cross 200, we see that for a long time the price struggled to stay above this level, but the bottom exit resulted in a strong price rebound and a return to the downward trend. Please look at the CHOP index, which indicates that the energy has been used, the MACD strongly confirms the return to the downtrend, while the RSI can also see a strong rebound where we crossed the lower limit of the range, which may indicate that the current correction is coming to an end.
by cryptodailyuk
1
#BNB IS READY TO BOUNCE, DON'T MISS THIS OPPORTUNITY😱Binance Coin (BNB) Technical Analysis: BNB is trading at 278$ which is a strong level of support, we are expecting a good bounce up to the upper level of this symmetrical triangle and if it breakout this pattern then we can see some good bounce according to the pattern. we have 353$ and upper resistance of this rising channel 510$ or all-time high It can offer long-term investors an excellent entry point. Conclusion: Overall, technical analysis indicates that Binance Coin (BNB) could expand by 50% or more in the near future, indicating that there is tremendous potential for development in the asset. But like with any investment, you must conduct your own research and base your choices on your personal risk appetite and financial objectives. For more Quality Charts Analysis, follow us. I'm grateful.
Long
by CRYPTOMOJO_TA
2
BNBUSDTBNB's main trend is upward, but in my opinion, in the short term, we will have a correction to the range of 270 to 260. Right now, an important trend line has been broken and after a pullback, I expect the price to drop. If this happens, the next supports can be 285 and 270. You can see the rest of the story in the chart. ⚠️"Daily crypto market analyses I provide are personal opinions & not financial advice. Trading carries risks, so do your own research & seek advisor's help."
Short
by Madoir