#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.
BNBUSDT
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 ❤️
BNB Trade Surges: 0.5% Profit Achieved so farFantastic news! Our recent BNB trade has delivered remarkable results, achieving an impressive 0.5% profit. It's a testament to our strategic approach and the power of informed decision-making.
Stay tuned for more exciting opportunities as we continue to navigate the markets with precision and expertise.
Happy trading! 📈💹
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
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.
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.
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! 🚀💹
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❤️
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.
HelenP. I Binance Coin can break trend line and grow to $250Hi folks today I'm prepared for you Binance Coin analytics. Some time ago price bounced from the support zone, which coincide with the 235 support level, and start to rise to the 250 resistance level, which is located inside the resistance zone. After BNB reached the resistance level it rebounded down to the support zone, but soon rolled up and rose back to the resistance level. Then price made a correction below the resistance zone and after this, BNB made an impulse up to the trend line, thereby breaking the resistance level, with the zone. But later the price started to decline and in a short time fell back to the support level. Also recently it bounced up and now trades near the trend line inside the triangle. I expect that Binance Coin can make a little correction and then rebound up to the trend line. As well BNB can break the trend line, thereby exiting from the triangle and continuing to move up until to the resistance level. For this case, I set up two targets, first target at the 244 level, and the second - 250 resistance level. If you like my analytics you may support me with your like/comment ❤️
Bnb Not Looking strong Bnbusdt
If You Are Following me we already shorted bnb from 261$
This time my plan is also same bnb is not looking strong I am expecting price to breakdown this channel soon
Note : Do Your Own Research before taking any decision and if you think we are helping you kinfly make sure to support us
Happy trading
Good luck
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 🚀
bnbusdtHello, good time everyone
Considering the specified areas and considering that the price could not stabilize below the desired range, and also considering the candle stop hunt, I expect the price to grow up to the desired ceiling. I would be happy if you have an opinion on this matter
Thanks and good luck.
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 ❤️
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.
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❤️
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.
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** 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.
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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 ❤️
BNB UPDATE (4H)Hi, dear traders. how are you ? Today we have a viewpoint to BUY/LONG the ICP symbol.
I think it still has the potential to fall and will go below the bottom of wave A. I still have a bearish view on BNB
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
ew on BNB