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BNBUSDT

🐻 BTC, ETH - Bearish Signs, BNB Shines with Upside Potential ☀️Cloudy weather with some sun lies ahead for the global crypto market in the next 24 hours 🌥️, according to ATTMO, a weather-inspired crypto AI forecasting tool. The weather is tropical🌴– very bullish with some upside potential – for Binance Coin in the coming 24 hours. Both Bitcoin and Ethereum face downside risks 📉 due to a slightly bearish market. Factors such as the possibility of US debt default and regulatory uncertainties in the US have dampened overall crypto sentiment.☔️ Over a one-week horizon, the forecasts remain unchanged for Bitcoin, while Ethereum has a slight upside potential.📈 Dogecoin faces stormy weather ahead, which signals a drawn-out bear market with an imminent market rebound possible.🚀 Follow us for more crypto weather reports!
by ATTMO
2
BNB/USDT 4HInterval Resistance and SupportHello everyone, let's look at the BNB to USDT chart on a 4-hour time frame. As you can see, the price is moving above the local uptrend line, however, on the EMA Cross 10 and 30 we see an attempt to return to the downtrend. Let's start with the support line and as you can see the first support in the near future is $309.7, if the support is broken then the next support is $305.6, $302.2 and $299. Now let's move on to the resistance line, but here we will first mark the $313 to $315 resistance zone, then we have the second $317 to $319 resistance zone, then strong resistance at $321.2 Looking at the CHOP indicator, we see that the collected energy is used for the initiated price correction, the MACD indicates a transition to a local downtrend, while the RSI shows a rebound, however, there is room for the price to go lower.
by cryptodailyuk
5
BNB/USDT 4HInterval Resistance and SupportHello everyone, I invite you to review the BNB chart in pair to USDT, on a one-day timeframe. First, we will check the EMA Cross 10 and 30, where we can see confirmation of the transition to an uptrend. Now, using the blue lines, we will mark the downtrend channel where the price has been moving for a long time. Moving on, we can move on to marking support areas when we start a larger correction. And here, the first support is at $307, the second very strong support is at $301, the third support is at $297, and then the fourth support is at $292. Looking the other way, we see that the price has reached an important resistance zone from $ 314 to $ 318, which so far has no strength to break. However, if it manages to break out of this zone upwards, the next resistance will appear at the price of $322, and then we can see a strong increase to around $335. At this point, it is also worth marking the local downtrend line from which the price went up. Please look at the CHOP index, which indicates that we have a lot of energy for further movement, the MACD confirms the local uptrend, while the RSI shows a visible increase, it is worth being careful here, because price corrections often occur at the upper end of the range.
by cryptodailyuk
ETH, BNB🌴☀️ BTC🌥️ What's the 1-week outlook? Tropical conditions, a very bullish sentiment with some upside potential – lies ahead for Ethereum over the next 24 hours after it fixed technical issues on its beacon node. Binance Coin should also benefit from tropical conditions today, according to ATTMO, a weather-inspired crypto AI forecasting tool. Sunny weather with a few scattered clouds lies ahead for Bitcoin and Cardano in the next 24 hours. This means that a slightly bullish market with upside potential is likely. Over a one-week horizon, ATTMO expects cloudy weather with some sun for Bitcoin, Litecoin, Ripple and Binance Coin . This forecast can be translated into a slightly bearish market with downside risk. Ethereum and Cardano face slightly better trading conditions over a one-week horizon: sunny weather with a few clouds – a slightly bullish market with upside potential. Follow us for more crypto market insights!
BITSTAMP:ETHUSDLong
by ATTMO
Binance Coin can continue to rise and reach resistance areaHello traders, I want share with you my opinion about Binance Coin. Looking at the graph, we can see how the price, after a fake breakout resistance level 327.5, started a downward movement and started the formation of Elliott waves. After the end of the first wave, the price made an upward correction (2wave), continued the decline and broke through the support area 316.5-314.5 where it completed the third pulse wave. The fourth correction wave, rose, re-tested the current resistance area and continued the downward movement. The fifth wave completed its impulse movement in the support area 302.5-301.0, after which it re-tested the support area and began to grow. Binance Coin is currently trading below the resistance area and can continue to grow and reach it. I think that the price after a possible downward correction can continue the upward movement. In this case, I decided to set the target at 312.5 and in the zone 314.5-316.5. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
1
BNB: Approaching SupportBinance (BNB) technical analysis: Trade setup : Following a bearish breakout from Rising Wedge pattern, price pulled back near $300 support zone, which could be an attractive swing entry. Previously, after a bullish breakout from Falling Wedge pattern, price reached our target of $340 but got rejected 4x thus far. That’s also a level where it got rejected last year in August and November. Trend : Downtrend on Short-Term basis, Neutral on Medium-Term basis and Uptrend on Long-Term basis. Momentum is Bearish (MACD Line is below MACD Signal Line, and RSI is below 45). Support and Resistance : Nearest Support Zone is $300 (previous resistance), then $260. The nearest Resistance Zone is $340, then $400.
Long
by altFINS
BNB/USDT 4HInterval Resistance and SupportHello everyone, let's look at the BNB to USDT chart on a 4-hour time frame. As you can see, the price is moving below the local uptrend line. Let's start with the support line and as you can see the first support that is currently holding the price is $ 303.4, if the support is broken then we can see the price drop to around $ 274. At this point, it is worth marking a strong resistance zone from $ 304 to $ 297, taking into account the entire upward movement. Now let's move to the resistance line, as you can see the first resistance is $ 313, if it breaks down, the next resistance will be $ 320.6, $ 326.4 and then we have a strong resistance zone from $ 332 to $ 341. Looking at the CHOP indicator, we see that there is still some energy for the move, the MACD maintains a downward trend, while the RSI has touched the lower limit, which may give a temporary price increase, but in the longer term I expect a further correction.
by cryptodailyuk
ETHUSDT D :WOW NICE PATTERNHi Guys Hope you well, In the daily time frame, the structure has changed from bearish to bullish. According to the dominance of Bitcoin, I expect to drop to demand zone on H4 and then move upwards with rapid movement. But in case of further decline, it is possible to reach the demand area in daily time around 1400. In case of further analysis in lower timeframe, enter our channel. SecondChanceCrypto ⏰11/May/23 ⛔️(DYOR) always do your research. If you have any questions, you can write them in the comments below, and I will answer them. And please don't forget to support this idea with your likes and comment.
Short
by Secondchancecrypto
HelenP. I BNB may continue to fall and reach level of 300Hi folks today I'm prepared for you BRITISH POUND analytics. After breaking through resistance at the level of 300, Binance Coin continued to grow and reached the level of 345, where it formed a resistance zone, from which it began to decline. The price fell to support at level 300, after which it continued to rise, re-tested the resistance zone 345-350 and started a local downtrend. For a long time, an ascending triangle was created, which Binance Coin later left. After a deep correction and re-test resistance of triangle, the price continued to fall, broke through the support of triangle and dropped to the trend line. Recently, the price re-tested the trendline, bounce off, made a slight upward correction, continued to fall and broke through the trend line. Currently, Binance Coin is trading below the trendline and may continue the local downtrend. The price may drop to support at level 300 where there will be set goal for BNB/USDT. If you like my analytics you may support me with your like/comment ❤️
Short
by FirstNameHelen
4
BNB - More downside coming! It is evident that a triangle pattern has formed in the price chart, and recent price action indicates that the upper trendline has acted as a strong resistance level. Based on this observation, the price is expected to move towards the lower boundary of the triangle if it continues to trade within this pattern. However, if the price breaks below the triangle, support zone 1 and support zone 2 are likely to be the first and second targets, respectively. Also, the fair value gap is acting as a magnet, and the price is expected to close the gap soon! It is worth noting that if BTC experiences a downward trend from its current level, BNB is also likely to continue its trajectory to the downside. This possibility is further reinforced by the expectation of a downward move in BTC, which will inevitably affect the price of BNB.
Short
by MBM_Crypto
6
BNBUSDTHello again, *Mars Signals Team wishes you high profits* This is a 4-hour-time frame analysis for BNBUSDT As we analyzed on May 7, we predicted a falling trend to happen and here we can see this decline which equals our precise prediction. R3 on the top of this chart is a resistance area which represents the disability of the price in order to rise. R2 and R1 used to be support areas. And we have S1 that is our long-term support area and demonstrates the support of price at various points even since the past. As it is clear in this chart, the price was able to be supported well at S1 area and after having a great increase up to higher amounts, it was not successful at being supported more and was rejected then. Ultimately by falling toward R2 area and losing the support again via some negative Marubozu Candles, it moved below R1 and then received support at S1 and now we see its fluctuation over this area through some positive candles. Hence it is fluctuating below R1 after losing the support at the symmetrical triangle pattern and we believe it would resume its neutral behavior at its current point, and via more support and via providing us some confirmation candles for the purpose of a rise, more increase will happen then up to some higher amounts. But wait for the retesting process when the price touches S1 and then enter trading and wait for the time to withdraw your profits. Possibly, if the price loses the support at S1, it would experience more decline then. So if the price loses the support and falls downward, more fall is probable at that time down to S2. This area is great to put your orders but you must be attentive and wait for the well support of price at this point and then by a retest and being sure of a rise, it is suggested to enter trading. Remember that by the time the price does not mover over R5 area and fixes itself there, we won’t have the expectation of a rising behavior for it. It is better to activate your stop-loss point and check every detail and information before putting your trade orders and then wait for a proper time to have your next actions. In case you are looking for wise trades and less risky actions, our suggestion will be following our regular updates all the time. Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions. Take care
by MarsSignals
Binance Coin WCA - Ascending Triangle PatternHello and thank you for taking the time to read my post. Today, we analyze the Binance Coin (BNB) chart on the USDT pairing on the weekly scale, focusing on a classic price pattern called the "Ascending Triangle Pattern." Ascending Triangle Pattern: The ascending triangle pattern is a bullish continuation pattern that usually forms during an uptrend. It is characterized by a horizontal resistance line and an upward-sloping support line, representing higher lows. The pattern indicates that the buyers are gradually gaining control as they push the price higher, leading to an eventual breakout above the resistance line. Analysis: The general trend for Binance Coin was bearish since 08/11/2021, with the head and shoulders pattern marking the top. However, from 20/06/2022 onwards, we entered a consolidation movement characterized by an ascending triangle price pattern. This pattern displays multiple touchpoints on the horizontal resistance and two clear wicks as diagonal upward slanting support. All of this occurs above the 200 EMA, suggesting a bullish environment i.e a bullish continuation. Price Targets and Resistance Levels: The price target for this pattern is set at 494, representing a ~46% price increase from the current level. On the way to the target, we may face minor resistance at 453. A breakout above the horizontal resistance line would be a strong signal to enter a trade. Breakout Filter: A breakout filter of 5% helps to avoid false breakouts and premature entries. We will continue to monitor the chart closely for any signs of a breakout. Until then, this trade remains a watchlist candidate. Conclusion: The Binance Coin weekly chart analysis highlights the ascending triangle pattern, indicating the potential for a bullish continuation. As we wait for a breakout above the resistance line, traders should closely monitor this chart and consider proper risk management and position sizing before entering any trade. Please note that this analysis is not financial advice. Always do your own due diligence when investing or trading. If you found this analysis helpful, please like, share, and follow for more updates. Happy trading! Best regards, Karim Subhieh
by KarimSubhieh