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BNBUSDT

After exited from pennant, Binance Coin can rise to 245Hello traders, I want share with you my opinion about Binance Coin. Observing the chart, we can see how the price recently bounced down and fell to the support line, thereby breaking the 235 support level, which coincides with the buyer zone. After this BNB at once bounced of the support line and rose to the resistance level, breaking the support level again, but when the price reached the 250 level, it rolled down to the buyer zone, which coincide this time with the support line. Next, BNB rose to the resistance level again, then made a little correction and continue to move up to the resistance line, thereby breaking the seller zone and resistance level. But after this, the price bounced down and fell below to support line, forming upward pennant pattern. Also a not long time ago Binance Coin broke the support line, thereby exiting from pennant and now trades below. I think that price can continue to rise to the support line and after BNB reached it, the price can make a little correction and then bounce up. For this case, I set up my target at the 245 level. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
6
HelenP. I Binance Coin can continue to trades in upward channelHi folks today I'm prepared for you Binance Coin analytics. A few time ago price bounced down from the resistance level 255, and fell to the support level, which coincides with the support zone 235 - 231. Then BNB started to grow inside the upward channel, in which the price sometimes declined lower of the support zone and later fell to the trend line, where soon rebounded up and made a strong impulse higher of the resistance zone 255 - 258 to the resistance line of the channel. But soon Binance Coin declined back to the trend line and a not long time ago it rebounded up. At the moment price continues to trade inside the upward channel and I expect that Binance Coin can fall to the support line again and then bounce up and continue to move up inside the upward channel. For this case, I set the target at the 250 level. If you like my analytics you may support me with your like/comment ❤️
Long
by FirstNameHelen
5
BNB/USDT Short-TermHello everyone, let's look at the BNB to USDT chart on a one hour time frame. As you can see, the price is moving along the uptrend line. After unfolding the trend based fib extension mesh, we see that the first support is at $243, then there is a support zone from $242 to $241, and then support at $240. Now let's go from the resistance line, as you can see the first resistance is $246 and then the price needs to break the $247 zone to $248. The CHOP index indicates that there is a lot of energy gathered, the MACD confirms the local uptrend, and the RSI is in the upper part, however, there is room for the price to go towards the first resistance.
by cryptodailyuk
BNBUSDT - Price can continue trading inside downward channelHi guys, this is my overview for BNBUSDT, feel free to check it and write your feedback in comments👊 Recently ago price bounced from support line and fell to support area, thereby breaking support level. But a few moment later it made strong upward impulse from support area to resistance level, which coincide with resistance area. Thereby BNB broke the support level again and then made a little correction, after which continue to move up. Price rose higher of resistance level, but at once bounced down and entered to falling channel, where it fell to support level. Then Binance Coin bounced to resistance line of channel and now trades near it, and I think that price can reach it. After this price can start to decline and fall to $240 support level, which is located inside falling channel. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Short
by WalterMoon
6
The 210.2-243.5 section corresponds to the buy sectionHello? Traders, welcome. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a good day. ------------------------------------- (BNBUSDT chart) Looking at the big picture, I would expect a trend to form along the way out of the 210.2-353.3 zone. Among them, I think that the 210.2-243.5 section forms a strong volume profile section. Therefore, if the 210.2-243.5 section is touched or supported, it is time to buy. If you buy and you think there is nothing you can do to deal with it if it drops below 210.2 and leads to a big drop, then of course you shouldn't buy. What you must think about before proceeding with the trade, that is, before buying, is to decide when to buy first, when to sell first, and when to stop loss. Otherwise, there is a high possibility that you will suffer from psychological pressure from the moment you buy. To do this, you can use the HA-Low and HA-High indicators. If it is supported by the HA-Low indicator, it is the first round of buying. When it rises around the HA-High indicator, it corresponds to the first selling period. The stop loss point can be determined based on the support and resistance points indicated on the chart and the number of splits. (1M chart) Looking at the 1M chart, we can see that the 284.8 point corresponds to the last support and resistance point. However, since the HA-High indicator on the 1M chart forms a horizontal line at point 179.2, there are support and resistance points, but from the current point of view, point 284.8 can be seen as the last point of support and resistance. Therefore, from a long-term perspective, it can be interpreted that the downtrend is likely to continue. (1W chart) Looking at the 1W chart, the last point of support and resistance is at 233.9. Therefore, from a mid- to long-term perspective, it can be seen as an important period. Since the HA-Low indicator (243.5) of the 1W chart is formed near the 233.9 point, if it is confirmed to be supported around 233.9-243.5, it is expected to rise to the vicinity of the HA-High indicator (284.6) of the 1W chart. Therefore, we can see reasons to buy around 233.9-243.5. (1D chart) The 1D chart looks very cluttered because the support and resistance points of the 1M and 1W charts are also marked together. However, based on the 1M and 1W chart descriptions, 1st: 210.2-243.5 2nd: 284.8-332.4 The 1st and 2nd sections above correspond to the important support and resistance sections. Therefore, if you are trading from a short-term perspective, you can buy in the 1st section and sell in the 2nd section. If you are going to buy from a mid- to long-term perspective, you can do split buying over the 1st and 2nd sections. From a mid- to long-term perspective, the sell zone is around 427.2, and from a long-term perspective, the sell zone is around 564.3. The stop loss for all trading strategies is 179.2. The next period of volatility is around August 6th. -------------------------------------------------- ------------------------------------------- ** 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
1
HelenP. I Binance Coin can continue to move up to $250Hi folks today I'm prepared for you Binance Coin analytics. Some days ago price bounced from the resistance level. which coincides with the resistance zone and made impulse down, until to trend line, as well as breaking the support level with the support zone. Then BNB rebounded up and tried to back up to the resistance zone, but it failed and fell to the support zone, which at that moment coincided with the trend line. Next price bounced up again and rose higher of resistance level, but soon rolled back to the trend line, thereby making fake breakout and a not long time ago Binance Coin rebounded up again. Now it trades close trend line and I expect that price can make a liottle movement down and then continue to move up. Therefore I set up my target at 250 level. If you like my analytics you may support me with your like/comment ❤️
Long
by FirstNameHelen
8
Bnb Have to face more pain Bnbusdt In this trading idea, we will be analyzing the current price action of Binance Coin (BNB) on the daily timeframe. The chart suggests that BNB is experiencing a bearish channel, indicating a downward trend in the market. As you may recall, if you have been following my previous predictions, we successfully forecasted the downfall of BNB when its price was at $302. Since then, the price has declined significantly and currently stands at $239, resulting in substantial profit potential for those who acted on our earlier analysis. Looking ahead, I remain cautious about BNB's prospects and expect the price to face further downward pressure in the upcoming days. However, it's essential to emphasize that trading and investing involve inherent risks, and markets are subject to volatility. Therefore, I encourage you to conduct your thorough research and consider your risk tolerance before making any trading decisions. Keep a close eye on the bearish channel formation and other critical indicators to validate your trading strategies. The market can be unpredictable, so it's crucial to stay vigilant and be prepared to adapt to changing conditions. Remember, this is not financial advice, but rather an idea based on the current chart patterns and technical analysis. Always exercise prudence and make informed decisions in the market. Happy trading and good luck!
Short
by Crypto-By-Ghazi
Binance Coin can grow to resistance line and try to break itHello traders, I want share with you my opinion about Binance Coin. By observing the chart, we can see that price bounced from the resistance level, which is located in the seller zone, and fell firstly to the support level, but soon Binance Coin declined lower to the buyer zone. A few time later price declined more to the support line, but at once rolled up and rose to the resistance level, where it at once too bounced back to the support line. After these movements, BNB made a strong upward impulse higher of the seller zone to the resistance line, thereby forming an upward pennant pattern. Then the price fell to the support line, which coincide with the support level, and a not long time ago bounced up and rose to the resistance line. At the moment Binance Coin trades near the support line and probably it can decline to the support line, and then bounce up to the resistance line. Also, I think, the price can break this line and make a retest, after which BNB can continue to move up, Therefore I set up my target at the 250 level. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
5
Hello everyone, I invite you to review the BNB/USDT 4H ChartHello everyone, I invite you to review the BNB chart against USDT, also on a four-hour timeframe. First of all, using the blue lines, we can mark the uptrend channel in which the price is currently moving in the lower part, it is also worth marking the local downtrend line with the yellow line. Now let's move on to marking the places of support. We will use the trend based fib extension tool to mark support, and first we will mark a strong support zone in which the BNB price is currently located, but when it falls below this zone, the next support is at $ 233. Looking the other way, we can also mark the places where the price should encounter resistance on the way to increases. And here we have the first strong resistance at the price of $ 249, and then it is worth marking a very strong resistance zone from $ 257 to $ 262, only when the price breaks out of it and then positively tests, we will see further increases. The CHOP index indicates that the energy has been used. The MACD indicator maintains an ongoing downtrend. On the other hand, on the RSI we have a strong rebound to the lower part of the range, which creates room for a future price increase, but it is worth being careful because there is room for the price to go a little lower.
by cryptodailyuk
BNB - Head and Shoulders on the 4H TF* BNB is still stuck in a range between 220 – 250 USDT. * Currently, it looks as if BNB is forming a Head and Shoulders pattern on the 4H TF. The neckline is at the 242 USDT Level. * The target for the Head and shoulders is 225 USDT. However, there is a daily demand zone between 231 – 236. I think it is possible for this demand zone to hold BNB’s price from further deterioration. * If you are inclined to short BNB, wait for a retest of the neckline as resistance. NFA. What do you think? Please share in the comments. Best Wishes.
BINANCE:BNBUSD.PShort
by NewThoughtCrypto
BNB 4HInterval ReviewHello everyone, let's look at the BNB to USDT chart on a four-hour time frame. As you can see, the price has moved above the downtrend line. After unfolding the Fib Retracement tool, we see that the first support is at $247.82, then we have a strong support zone from $245 to $243, and then support at $240.97. Looking the other way, it is worth first marking the resistance zone from $ 253 to $ 256, and then the support at $ 261.37. The CHOP index indicates that there is energy for a further move, the MACD remains in a downtrend, and the RSI has a sideways move around the middle of the range, which may result in a slight upward move in price.
by cryptodailyuk