Get started

BNBUSDT

BNB to see price rejection at recent lower highPrice action edged closer to the recent high, near $328. A move above the FVG zone ($331.5 - $333.7) and a lower high on 1 & 2 May could see a sell-off. The likely drop could hit the support zone of $316 - $320 (cyan). The support has been steady since mid-March. A close above the lower high ($336) will be an invalidation. Entry: $331.5 (FVG’s lower boundary) Target: $320 (support zone’s upper boundary) Stop-loss: $336 (lower high on 1 & 2 May) RR (Risk-Reward): 2.5
Short
by AMBCrypto_TA
1
Binance Coin: will $320 hold?News are reporting that the level of coins held with Binance exchanger are modestly returning after an outflow caused by the negative news which surrounded this exchanger in the previous period. However, the price of BNB is staying within a relatively lower range. After not being able to clearly break the $350 resistance line some three weeks ago, the coin found a support level around $320. BNB started the previous week around $340, but soon reverted to the down side, reaching its lowest weekly level at $320, where the coin is finishing the week. RSI continues to move around level of 50, however, it seems that the market is more oriented toward the oversold side, rather than on the opposite. Moving average of 50 days slowed down its divergence from MA200 counterpart. It might be just a short break, however, if the move continues, it might lead toward the so-called “dead cross” in the coming period. Charts continue to point on a short-term reversal in the coming period. During the previous week, a short support line at $320 has been clearly tested. The coin still manages to hold above this level, however, in case of persistent selling orders, it might be breached. In this case, the coin will test $300 short term stop, with currently low potential for $280. In case that a move toward the upside occurs, it could be until level of $330. A move toward the $350 resistance line is not probable based on charts at this moment.
BINANCE:BNBUSD
by XBTFX
BNBUSDTHello there, *Mars Signals Team wishes you high profits* This is a 4-hour-time frame analysis for BNBUSDT As we analyzed on May 2, we predicted a rise to happen and here we observe a rising trend after which means our expectation took place correctly. R2 and R1 on the top of this chart are the resistance areas which represents the disability of the price in order to rise. And we have S1 and S2 that are our support areas and demonstrate the support of price at various points. As it is clear in this chart, the price was able to be supported well at S2 and after experiencing a great increase up to higher amounts, it was rejected at some points and was unable to rise more. By the last rejection at R2, the price fell toward S1 area and its triumphs for rise were not fruitful and then we see its decline by a negative Marubozu Candle again after not being able to rise at its last point. Therefore it is fluctuating over S1 area and we believe it would resume its support and via providing us some confirmation candles for the purpose of a rise, more increase will happen then up to R1 or R2 (these are great points to save your profits). But wait for the retesting process 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. 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. Have a great time
Long
by MarsSignals
2
Binance Coin can continue to fall and break support of triangleHello traders, I want share with you my opinion about Binance Coin. When observing the chart, we can see how the price bounced from the level 300 and started an upward movement. Subsequently, Binance Coin reached the level 330, made a deep correction, continued to grow and broke through the current resistance level. The price rose to mark 350, where the upward movement was completed and the BNB began to decline. Over time, Binance Coin created a downward triangle and is currently trading in the within. We see that after the fake breakdown of the support area 320-315, the price rose to the resistance line of the triangle, formed a downward impulse, made a correction uphill and continued to fall. Not long ago, Binance Coin re-tested the resistance line, bounce off, started falling, and broke through the support level 330. After retesting the current resistance level, the price continued to decline and approached the support area. Binance Coin is currently trading over the support area, but can continue the downward movement and break through it. I think the price after a possible breakthrough of the support area can leave the triangle and continue to decline. In this case, I decided to set the targets in zone 320-315 and at level 310. Please share this idea with your friends and click Boost 🚀
Short
by LegionQ8
6
BNB/USDT 1DInterval Resistance and SupportHello everyone, let's look at the BNB to USDT chart on a single day timeframe. As you can see, the price is moving below the local downtrend line. Let's start with the support line and as you can see the first support at which the price is currently located is $ 324.8, if the support is broken then the next support is $ 318.8, $ 310.4 and $ 299.1. Now let's move on to the resistance line, as you can see the first resistance is $ 328.2, if you manage to break it, the next resistance will be $ 332.4, $ 336.3 and $ 342.6. Looking at the CHOP indicator, we see that there is a lot of energy for the upcoming move, the MACD indicates an ongoing downtrend, while the RSI is moving around the middle of the range, which makes it difficult to clearly determine the direction of the price.
by cryptodailyuk
BNB/USDT had another rejectionHey guys 👋 Let's get back to BNB here where we see how price had another pullback from upper resistance zone and now we are on the edge of a cliff just waiting for a free fall. So let's see how we will end up here. If you like ideas provided by our team you can show us your support by liking and commenting. Yours Sincerely, Swallow Team 🔱 Disclamer: We are not financial advisors. The content that we share on this website are for educational purposes and are our own personal opinions.
Short
by SwallowAcademy
6
bnb 4hr TF long target -334 usdtdear folks today i tacke long posistion in bnb reson for 4 hr TF symmetrical triangle pattren formed LH & LL formed in last hours so my next target next LL for 334 usdt it will be risk zone because 3 times touched in trend support line still not break up side and down side any way i take long posistion beacuse top side high liqudity supply zone avalible if i am wrong please comment your tthoughts it will help full for me better analysis in my trading journy thanks
Long
by PRABAKARAN1206
BNBUSDTHello and welcome to our analysis, *Mars Signals Team wishes you high profits* This is a one-day-time frame analysis for BNBUSDT In the present chart, R3, R2, and R1 are the resistance areas to mention and all express the unsuccessful attempts of price in order to rise. S1 is a 4-hour support line. And finally at the bottom, S2 is a long-term support area in which the support of price at various points is clearly seen. We can observe that the price was supported well at S2 area for several times and could rise toward R3 but at its last time to rise more, it was rejected and faced a noticeable decline down to our long-term support area. Then by having a recovery mode, the price was capable of fluctuating and supporting at S1 and at the moment we have it moving below R1. Hence, it is fluctuating at the mentioned point and we believe the price to have another decline to S1 and then by receiving more support there, more increase is waiting for it up to R1 or even R2. These are the good points for having your profits saved but wait for the price to break each of them upward and after retesting the market situation and the trend of the price, you can make sure of saving your profits. Bear in mind that by the time the price loses the support at S1 and moves below this area, it faces more decline certainly toward S2. Our suggestion is less decline when the price is moving and fluctuating over S1 line. Please be cautious about various points and details and remember that for enjoying less risky trades. You can obtain every piece of information and details through our analyses and updates. So keep moving with us. 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
Long
by MarsSignals
2
Binance Coin: potential for $300?Ongoing banking crisis with First Republic Bank didn’t have almost any impact on the price of BNB during the previous week. The level of deposits flowing from banks to the crypto market this time was reflected only in BTC`s price. This suggests that the majority of deposits were transferred in the first wave, during the collapse of SVB and Signature bank, and that similar banking crisis will have only minor effect on the prices of crypto coins in case that similar situation occurs in the future. However, on a positive side was the news that the total amount of BTC`s held in Binance wallets has been increased for the first time since the FTX collapse. This might be perceived as a first signal that market participants are slowly bringing back their confidence into Binance exchanger after some time of turbulent period. This will also be positive for BNB. BNB reached its highest weekly level at HKEX:345 and swiftly reverted the price to the downside, ending the week with prevailing selling orders around $320. The RSI took the down-road, ending the week modestly below level of 50. This is one of the indications that the market is headed toward the oversold side. At the same time, positive development is that MA50 continues to diverge from MA200 counterpart, which continues to be supportive for the Golden cross. Charts are pointing that short term reversal might continue in the coming days. There is some probability for the $300 support line to be tested in the coming days. At this moment there is no indication that the price might go lower from this level. On the opposite side, HKEX:330 might be tested again, still, without potential that the $350 might be reached in the week ahead.
BINANCE:BNBUSD
by XBTFX
BNB/USDT 4HInterval Resistance and SupportHello everyone, let's look at the BNB to USDT chart on a 4-hour timeframe. As you can see, the price is moving above the local downtrend line. Let's start with the support line and as you can see the first support in the near future is $ 333.4, if the support is broken then the next support is $ 329.6, $ 326.6 and $ 323.3. Now let's move to the resistance line, as you can see the first resistance is $ 337.3, if you manage to break it, the next resistance will be $ 342.2 and $ 348.5. Looking at the CHOP indicator, we see that the energy has been used, the MACD indicates a local uptrend, while on the RSI we could see a large increase and after touching the upper limit, the price rebounded.
by cryptodailyuk
KNCUSDT → Strong consolidation after a resistance break KNCUSDT forms a breakout of range resistance. But this maneuver came at the time of correction of bitcoin and the whole market, so these nuances restrain further growth of KNC. The coin after the resistance breakout forms consolidation in a narrow range, forming a strong support area below 0.600 and a strong resistance at 0.750. The moving averages are also indicating lower volatility and a period of consolidation. Price is forming multiple retests of the strong resistance area, I think that with positive leverage from bitcoin and more positive market sentiment, price will still break that area. Strong support: 0.650, 0.600 Strong resistance: 0.750 (breakout strategy) 0.850 I expect that the price will continue to test the resistance at 0.750 and after the next attempt it will still be able to break it and will start to realize the accumulated potential. Regards to R. Linda!
Long
by RLinda
5
HelenP. I BNB exit triangle and may continue to declineHi folks today I'm prepared for you BINANCE COIN analytics. The price, after reaching support at level 265, rebounded and started a local uptrend. Binance Coin broke through the resistance zone 293-300, re-tested it and continued to grow. From the level 346, the price started to decline and fell to the current support zone. Binance coin re-tested the support zone, continued the uptrend and tried to break through the resistance at the level of 346, but the price could not fix in higher and began to decline. For a long time, price formed an upward triangle and recently broke through a support that correspond the trend line and left it. It seems to me that Binance Coin can continue the local downtrend and continue to fall. The price may drop to the support zone 300-293. Therefore, the targets will be set at levels 310 and 300. If you like my analytics you may support me with your like/comment ❤️
Short
by FirstNameHelen
1
My thoughts on BNB I just have to share my sincere view, I think BNB is going for an unpleasant bottom. Fundamentally, I think a deep bottom for cypto markets is possible due to the USD liquidity problem, it might affect crypto just like the banks have been affected. Afterall, exchanges ,like banks, also depend on USD. If you look at the USD supply M2 chart, you'll see a shart decline in USD supply has been going on for a couple months now.. and probably continuing. Which ,if continues, can lead to a liquidity problem for markets and would send DXY (usd) up.
by LindXLawliet
1
Binance coin trades inside wedge and can fall to support lineHello traders, I want share with you my opinion about Binance Coin. Looking at the chart, we can see how the price fell to the level 315, where it formed the buyer zone 315-319, which make retested and started an upward movement. For some time, the price traded in a small range, after which it left it and continued to rise. We see how Binance Coin made a fake breakout 343.5 resistance level, then reversed, formed a downward impulse and began to fall. Over time, the price has created a downward wedge and is now trading inside. Binance Coin retested the support line of wedge, which coincide with the buyer zone, and began to grow. The price is now trading close to the resistance line and could rise and retest it. I think that after a possible retest of the resistance line, the price can bounce back and continue to decline. Binance Coin can reach the support line of wedge, in this case I decided to set targets at level 320.5 and at level 316, which coincide with support of wedge. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
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 on the edge of the uptrend line. Let's start with setting the support line and as you can see, we have the first support at $318.6 at which the price rebounded, if the support is broken then the next support is $310.2, and then the third support is $299.3. Now let's move on to the resistance line, as you can see the first resistance is $323.4, if you manage to break it, the next resistance will be $328.3, $332.5 and $336.7. Looking at the CHOP indicator, we see that most of the energy has been used, the MACD indicates the continuation of the downward trend, while the RSI shows a strong rebound and we are approaching the lower limit, which may stop the declines.
by cryptodailyuk