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BNBUSDT

BNB Bearish Flag!KUCOIN:BNBUSDT BINANCE:BNBUSDT is sitting in a bearish flag. Price Action is at Resistance and possible entry ideas for a short with possible targets to 182 and 164. However, the Flag is sitting at an strong support zone. So, in the event that BINANCE:BNBUSDT breaks out upwards out of the flag, there is a low volume node that could be filled quick to the 200 Daily. CPI data comes out later so watch for volatility and possible Fake Outs. Not predicting but preparing for your move - Good Luck! In regard to CRYPTOCAP:BTC , it is still sitting in a build up. For detailed analysis see my previous post which also shows target scenarios for CRYPTOCAP:BTC and you can view my idea here which still holds: tinyurl.com/53cpu4vw If you appreciate my efforts, spend half a second and give me a Boost! Thanks!! Always having Plan A and Plan B scenarios so we can react once the markets provide an opportunity to execute our edge. If you liked this idea or if you have your own opinion about it, write in the comments. The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations.
by imr4nkh8n
BNB looks ready for trend shift ?👀 🚀Binance Coin Today Analysi💎 BNB is poised for a significant shift as it has been exhibiting sideways trading behavior for the past month. Currently, it's trading in a high-demand zone, indicating a potential trend shift. 💎 Moreover, it maintains a robust stance above the 50-day Exponential Moving Average (EMA), and the Relative Strength Index (RSI) also stands above 50, both of which are bullish indicators that shouldn't be disregarded. 💎 Above, we have a supply zone, so it's anticipated that the price will likely mitigate this zone by capturing selling liquidity. 💎In the dynamic world of crypto, staying informed and adaptable is key. Stay tuned for more updates and enjoy your trading journey
Long
by MyCryptoParadise_Simon
Binance Coin BNBUSDT Price Analysis (4h)Greetings, fellow traders and investors of @TradingView 📈🚀 Today, let's dive into the analysis of Binance Coin (BNB) and explore its recent price action within a consolidating triangle pattern. 📊🔍 Over the past 34 days, Binance Coin has been consolidating within a triangle formation, indicating a period of indecision in the market. Notably, the prevailing trend leading up to this consolidation phase has been a downtrend. Typically, when a triangle pattern appears within a downtrend, it suggests the continuation of the downward momentum. However, it is crucial to acknowledge that the cryptocurrency market has exhibited instances where prices defied technical analysis expectations, emphasizing the need for vigilance. ✨ While it's important to consider the prevailing trend and the potential continuation of the downtrend, it's equally essential to remain open to alternative scenarios in the dynamic cryptocurrencies. Currently, the price of Binance Coin is hovering within the upper range of the triangle pattern, encountering resistance in the zone of $245 to $250. On the flip side, there is a support zone in the range of $235 to $239. These levels serve as crucial boundaries to monitor for potential breakout or breakdown. In the event of a bullish breakout from the triangle pattern, we can anticipate prices to target the next resistance zone at $270 to $277. Such a move would suggest a potential shift in market sentiment and bullish momentum. Conversely, should the triangle pattern break to the downside in alignment with the prevailing downtrend, there is a possibility of a breakdown below the $200 level . As previously analyzed in our BNBUSDT analysis, lower price levels may come into play as the downtrend continues. 🔍 It is essential to stay updated on the latest market developments and closely monitor the price action and key technical indicators for potential signs of a breakout or breakdown. Remember, trading and investing in cryptocurrencies involve inherent risks, and it's crucial to exercise proper risk management strategies and set appropriate stop-loss orders to protect capital. Wishing you successful trading and investment endeavors! 📊💰
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by Vestinda
BNB/USDT Main Trend (part) Cup 150% Pivot Zones.The main trend (part). Timeframe 1 week. Cup 150% Reversal zone. A cup with a base of about 150% has formed in the secondary trend. The price is now at its resistance of 666. The 666 zone is an important reversal/trend continuation zone: 1) Not overcoming and formation of a horizontal channel (low probability). 2) Continuation of the trend (breakthrough and realization of the cup's targets), possibly through a flat in this resistance zone or through a small pullback - the formation of a cup with a handle). Coin in the coinmarketcap: Binance Coin Secondary trend. Timeframe 1 day. BNB/USDT Secondary trend. Resistance to previous highs.
by SpartaBTC
3
BNB & BTC: Rain☔️ Now, Sun ☀️ Next Week? Cloudy ☁️ and even rainy ☔️ trading conditions lie ahead for the global crypto market in the next 24 hours. This translates into a bearish market with downside risk. Over a one-week horizon, the sun ☀️ should return indicating a slightly bullish market with upside potential for Bitcoin and Binance. The other altcoins won’t benefit from this change and will continue to be under pressure, ATTMO forecasts show. Follow us for more crypto weather reports!
by ATTMO
BNB's Next Bull Run: Targets of $2000-$3000 Unveiled in TABNB/USDT Technical Analysis: Short-term Bearish, Long-term Bullish In this technical analysis of BNB/USDT, we will explore the current market conditions and provide insights into the potential price movements of Binance Coin (BNB) in the short and long term. Please note that this analysis is based on historical chart patterns and does not guarantee future price movements. Current Situation: At the time of writing, BNB is trading at $244, having experienced a 5% pump due to a recent Launchpad Sale. However, based on the chart analysis, the short-term outlook for BNB/USDT appears bearish. Distribution Zone and Downside Potential: The chart analysis indicates the presence of a green box, which represents a distribution zone. Typically, after such a distribution, a downward move can be expected, potentially leading to Wave 5. Considering this, there is a possibility of BNB experiencing a downward movement of 40-50% from the distribution zone. Anticipated Buy Opportunity: Based on this analysis, the author is waiting for a buy opportunity at the $100 level. It is believed that BNB/USDT may hit bottom around $100 and potentially bounce back strongly from this level. The author has identified three entry levels: $120, $101, and $80 (with below $100 being considered a bonus). Long-term Bull Run Potential: Looking ahead, the historical chart patterns suggest that BNB may experience a significant bull run in the future. The author believes that during the next bull market, BNB has the potential to reach a price range of $2000-$3000. Target Areas: To provide potential profit-taking levels, the author has identified several target areas: TP1: $1000 TP2: $1500 TP3: $2000 (with 80% of positions to be closed at this level) TP4: $3000 (with prices above $2000 considered as a bonus) CryptoPatel Levels: Lastly, the analysis includes key support and resistance levels: Support: $220, $180, $100 Resistance: $333 Disclaimer: This analysis is for informational purposes only and should not be considered as financial advice. Trading cryptocurrencies carries risks, and past performance is not indicative of future results.
Long
by CryptoPatel
5
HelenP. I Binance Coin can continue rise after small correctionHi folks today I'm prepared for you Binance Coin analytics. A few days ago price bounced from the trend line and made a strong downward impulse to the support level, which coincide with the support zone, and even later declined lower. But soon, the price rolled up and rose to the resistance level, and then made a correction to the support level. Next Binance Coin rose higher of the resistance zone and at once made impulse down to the support level and a few time later declined below it. Then the price started to move up to the trend line, and after reaching it, the price bounced down to the support level. A not long time ago Binance Coin rolled up of support level and start to rise. I expect that price can make a little correction and then continue to rise to the trend line. When the price reaches the trend line, it will bounce a little down and then bounce up to the 250.0 resistance level, which is located at my target, thereby breaking the trend line. If you like my analytics you may support me with your like/comment ❤️
Long
by FirstNameHelen
7
BNB Short-Term Review Resistance and Support Hello everyone, let's look at the BNB to USDT chart on a single day timeframe. As you can see, the price has fallen below the local uptrend line. Let's start by setting the support line and as you can see the first support that is currently holding the price is $234.5, then the second is at the price of 232.5$, and then the third at the price of 230.9$. Now let's move on to the resistance and trump BNB first has to break the zone from $237 to $238, then there is resistance at $239.5. Looking at the CHOP indicator, we see that there is some energy left for the move, the MACD indicates an attempt to return to the local uptrend, and the RSI has approached the middle of the range, but there is still room for the price to rise.
by cryptodailyuk
BNB 220$ Is Next + trade Idea• BNB is trading in a range for the past 29 days. • Range high is 252$, the range low is 220$ and the mid-range is at 235.85$. • On July 6th BNB dropped below the mid-range and it is currently testing it as resistance. A failure to get back above the mid-range may cause s drop to the range low, maybe lower. • The only way that I see for BNB to avoid the 220$ is if the market rips higher from now without a correction. • There are two wicks on the daily chart at the 220$ region. Because BNB failed to generate upwards momentum, I consider a move below these wicks to gather liquidity likely. • Long term, I think we will look back at this moment as a golden opportunity. Support Levels: • 230$ • 220$ • 204$ Resistance Levels: • 236$ • 252$ Trade Idea: • Entry: 221$ • SL: 216$ • Target: 256$ • TP: 236$, 257$, Leave some on the table. • R: R: 1:4 to the first TP.
BINANCE:BNBUSD.P
by NewThoughtCrypto
2
Binance Coin can exit from pennant and bounce up to 240Hello traders, I want share with you my opinion about Binance Coin. By observing the chart, we can see that price a few time ago bounced from the seller zone, which coincide with the resistance level, and made an impulse down below the buyer zone, which coincide with the support level. After these movements price tried to rise, but failed and later declined to support line, where at once it started to rise. BNB rose higher of the seller zone, breaking two levels, and soon reached the resistance line, and then the price bounced and made a strong impulse down to the support line of the downward pennant, thereby breaking past the support line and resistance level. But a not long time ago price bounced up to the resistance line, where it continues to trade to this day. In my mind, Binance Coin can fall to the support line again and then bounce up and break the resistance line. After this, the price can make a retest and then continue to move up, therefore I set my target at the 240 level. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
6
Is BNB Heading for a Downtrend? ☔️The sun will continue to shine over the global crypto market 🌞 , overall signaling a slightly bullish market with upside potential in the next 24 hours. Binance and XRP ☔️ buck this positive trend, with a downtrend likely. Over a one-week horizon, the forecast is mixed with the positive trend continuing for Bitcoin. Other altcoins, such as Ether, Dogecoin, XRP, and Litecoin, may face cloudy days ☁️, indicating a bear market with a slight downward trend. 📉 Follow us for more crypto weather insights!
Short
by ATTMO
BNBUSDT - Maybe price can bounce up, thereby exiting of channelHi guys, this is my overview for Binance Coin, feel free to check it and write your feedback in comments👊 A few days ago price declined below $255.5 level, which coincide in resistance area and fell to support line of triangle. Thereby BNB broke support level with area, but soon it made impulse up to resistance line. Next price declined to support line again and then rise to resistance level, exiting from triangle. Then price started to decline to support level and after it reached it, BNB at once bounced up and entered to rising channel. In channel, price reached resistance area again, but recently it rebound and fell to support line of channel. Maybe Binance Coin can bounce of support line and start to rise to $255.5 resistance level, thereby exiting of rising channel. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
11
BNB Review 4HInterval Looking at BNB vs USDT, also on a four-hour timeframe. First of all, using the blue lines, we can mark the downtrend channel from which the price went up. As we can see from the unfolding of the fib based trend extension tool, the price stays just above the first support zone from $247 to $242, however, when the price falls below this zone, we can see a drop around the second strong zone from $234 to $229. 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 very strong resistance at the price of $ 253, only when the price positively tests it should try to attack the level of $ 261. When we turn on the EMA Cross 10 and 30, we can see the confirmation of the uptrend. The CHOP index indicates that we have a lot of energy for the next move. The MACD indicator struggles to maintain a local uptrend. On the other hand, on the RSI we are moving in the upper limit, but we have some space for the price to try to attack the first resistance.
by cryptodailyuk
BNBUSDT Analyst. GET READY!!!Hello everyone! I want share my idea about BNBUSDT. After Bitcoin and almost whole market massive uptrend, BNB after drop at the moment still looking bearish. but we have interesting moment here. BNB broke weekly uptrend trendline touch then touch to weekly demand zone and its going up with little up movement which looks like its correction. whole market is bullish but BNB is still at low price we have price up 89 moving average but for long we need brake this trendline to up and new HL. Why big boys didn't buy BNB its interesting, but finally I believe we will see big uptrend from here. and my price prediction is here for BNB-it will brake 1W resistance and with new HL show us new year high, what we need to do only wait. BE PATIENT!!!
Long
by elmakacho
HelenP. I Binance Coin can fall little and then make impulse upHi folks today I'm prepared for you Binance Coin analytics. A few days ago price bounced from 225 point to the resistance level, which is located inside the resistance zone. But in a short time, BNB declined below the support level to the support zone. Next, Binance Coin started to grow to the resistance level and even rose higher to the trend line, but at once price rolled down and made a strong downward impulse to the support zone. Price some time traded close to this zone and later declined lower it. Then the price started to move up and a few time later reached the resistance zone, which coincide with a trend line, thereby breaking the support level with the zone, but also recently BNB fell below, where it continues to trade. I expect that price can decline a little and then bounce up to the trend line. As well maybe BNB can break this line, make a retest and bounce higher of resistance level. For this reason, I set up my target at 252.5 level. If you like my analytics you may support me with your like/comment ❤️
Long
by FirstNameHelen
2
BNBUSDT at monthly support, likley to head to 261 and 306The green zone marked on the chart is the confluence of monthly, weekly and daily supports. Therefore, it presents a very strong support area for the price to hold. Even during the brutal drop the price experienced a few weeks back, this is the zone where the price held and bounced back. Then there was a dip into this zone again to retest that area and now it is bouncing again from that zone. I believe the price is heading for the daily resistance DR1 zone first where it may experience some pullback and then head for the weekly resistance WR1. There might be some struggle at daily resistance DR2 zone but I believe that would not be significant in case price reaches there.
Long
by angela_altair
BNB/USDT 4H Interval ReviewI invite you to the third chart, this time BNB on a four-hour interval. As we can see, the price moved down from channel A of the uptrend, then the price moved in channel B of the downtrend, in which the low was higher than in channel A. Which gave us an upward exit from channel two and a move along the local uptrend line. Using the trend based fib extension tool, we will check support places for the BNB price. And here you can immediately see that we have a support zone from $234 to $229, which is currently holding the price. However, when we fall below this zone, the price has a second very strong support zone from $221 to $216. Looking the other way, we can similarly determine the places of resistance that the price has to face. And similarly, we will mark two zones through which the price must pass in order to continue its growth. The first zone starts at the price of $238 and ends at the level of $242, when the price goes up from it, it will move towards the second zone at the levels of $247 to $253. Here it is worth looking at the EMA cross 10 and 30, as we can see that the red line of the cross 10 ema is approaching the intersection of the green 30 from below, which should result in an uptrend change. The CHOP index indicates that we have the energy to continue the move, the MACD indicates maintaining an uptrend, while the RSI is moving in an uptrend, with small rebounds, but there is room for the price to go higher in the current moves.
by cryptodailyuk
Binance Coin can bounce of resistance level and start to fallHello traders, I want share with you my opinion about Binance Coin. By observing the chart we can see how the price bounced from the support line, which coincides with the buyer zone to the resistance line, thereby breaking two levels. After this, the price made a strong downward impulse back to the support line, declining below the 241.5 level. Next BNB some time traded between support and resistance lines, and after one more time correction, it bounced up to the resistance line of the pennant, thereby breaking past the resistance line. Inside the pennant, the price very much declined to the support line, which is located below the buyer zone. But a not long time ago BNB roll up and started to rise and recently even exited from the pennant and now trades close resistance level. I think Binance Coin can bounce down of this level and then start to fall. For this reason, I set up my target at the 235 level. Please share this idea with your friends and click Boost 🚀
Short
by LegionQ8
7
What do I do with BNB?TLDR: • Although the bearish pressure on BNB is reduced. It is not yet clear that the downtrend is finished. • To confirm a trade reversal, I will wait for a long signal from the TTM Squeeze indicator. Background: • BNB is in a continuous downtrend since the 17th of April 2023. • Fundamental news regarding Binance US has exacerbated BNB’s situation and increased the downside momentum. • Since June 11th selling pressure has somewhat reduced but momentum is still on the downside. • If we disregard the wicks, in the past 18 days BNB is moving in an 8% price range. • This high level of compression is displayed by the TTM Squeeze indicator by the orange dot. The orange dot means the highest level of compression (Keltner channel inside the Bollinger band). Will BNB’s compression lead to a trend reversal? • The truth is I don’t know. Nobody does; especially not the trading gurus on YT and CT. • However, I think that liquidity is to the upside, not down. IMO, candle wicks are the footprint of the MM. Wicks could indicate that MMs are building long positions. The only problem is that I cannot negate another quick move down to shake out the traders that already took long positions. So, what do we do? We don’t have to do anything. We wait. Wait For what? Trend reversal. A long signal. How will I know that the trend changed? 1. Bullish RSI divergence. 2. The TTM squeeze indicator is a big help in such a situation. Once the TTM Squeeze histogram moves above the zero line and green dots appear, it’s a sign that volatility is returning. 3. I will also look out for a high-volume green candle and a strong price move away from the range. Next Support levels: 205 USD. 183 USD. Resistance: 240 USD. 250 USD. 260 USD. NFA What do you think? Please share in the comments. Best wishes.
BINANCE:BNBUSD.P
by NewThoughtCrypto