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BNBUSDT

BNBUSDT - Price can exit of pennant and continue to riseHi guys, this is my overview for BNBUSDT, feel free to check it and write your feedback in comments👊 A few time ago price bounced up from support area and rose to resistance level, which coincided with resistance area. After this, price bounced back and even declined lower of support level with support area. Next, Binance Coin started to grow near support line and later it reached resistance level again. Later, price rose to resistance line, and started to decline, thereby entering to pennant. When price declined it broke support line, made fake breakout, and reached support line. Recently, BNB bounced up and now trades close support line and maybe it can make a little movement down. Then price can bounce up, thereby exiting of pennant and continuing to grow to $243.5 If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
13
Fire Sale on BNBOn the 4H TF we can see a Head and Shoulders pattern. The target of this H&S is the 223 USD support level. IF the 220 – 223 USD level doesn’t hold, next support levels are: • 205 USD • 182 USD Be sure to take advantage of this opportunity. I am still not posting a trade. I need more clarity. However, if you are a holder, I think that buying spot BNB at these prices is a golden opportunity to DCA. Start at 223 USD and increase position size if it dips further. NFA What do you think? Please share in the comments. Best wishes to all.
BINANCE:BNBUSD.PLong
by NewThoughtCrypto
HelenP. I Binance Coin can make correction and then start growHi folks today I'm prepared for you Binance Coin analytics. After the price started to decline and broke resistance 2 which coincides with the resistance zone, it bounced down to resistance 1 which coincides with the resistance zone too. But the price didn't can fixed there, broke this level and continue to fall to the trend line. When the price declined to the trend line, it bounced up and started to grow inside the big triangle. Binance Coin even rose to resistance 1, but at once bounced and fell back to the trend line, where the price continued to trade to this day. I think that price can decline to the trend line again, then bounce up and start to grow to resistance 1, thereby exiting of triangle. Therefore I set up my target at a 255 resistance level. If you like my analytics you may support me with your like/comment ❤️
Long
by FirstNameHelen
9
BNB: Approaching ResistanceBinance (BNB) technical analysis: Trade setup : Bearish breakout from Rising Wedge pattern and below 200-day moving average (~$300) signaled bearish trend reversal to downtrend. Then it got very oversold (RSI < 20) near $225 support and bounced up to $260 resistance where it got rejected so far. Now we wait for price to dip back near that $225 support for another swing trade. It’s a higher risk swing trade setup since overall trend is down. Trend : Downtrend across all time horizons (Short- Medium- and Long-Term). Momentum is Mixed as MACD Line is above MACD Signal Line (Bullish) but RSI < 45 (Bearish). Support and Resistance : Nearest Support Zone is $220. The nearest Resistance Zone is $260 (previous support), then $300
Long
by altFINS
BNB/USDT 4H Interval ReviewHello everyone, let's look at the BNB to USDT chart on a 4-hour timeframe. As you can see, the price is 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 $240.3, if the support is broken then the next support is $237.8, $235.7 and $233.6. Now let's move on to the resistance line, as you can see the first resistance the price is fighting is $243.8, if it manages to break it, the next resistance will be $246.4, $248.6 and $250.8. Looking at the CHOP indicator, we see that there is still energy for the move, the MACD remains in a downtrend, while the RSI is in the middle of the range, which may indicate a temporary sideways trend.
by cryptodailyuk
BNB LTF Analysis – 23.06.2023 Yesterday, on June 22nd, BNB failed to break the resistance of 21D EMA and the upper boundary of the Ascending Triangle. Consequently, it also lost the triangle’s upward sloping trendline. During the Asian session BNB tested the diagonal line resistance. I am in no way bearish about BNB, but I think that BNB will go a bit lower before it tries for higher. These are my reasons: Bearish Momentum: BNB is below the 21D & 50D EMAs. As long as BNB is below these EMAs the bearish pressure is pushing price down. A break below a diagonal support is usually a sign of weakness. I don’t advocate for trading correlations , but I don’t ignore them either. BTC is looking top heavy, and I expect it to pull back to the 28K level. IMO, BNB in its current state cannot overcome such headwinds. Lastly, Today is Friday , I expect many long traders to cash in on their longs and retire for the weekend. If this happens, the bearish pressure all over the market will increase and BNB will suffer. The first sign of a recovery is if BNB reclaims the trendline. If BNB reclaims the trendline and pushes up, the bullish case for BNB will become stronger. Support Levels: BNB can reverse. BNB is a strong asset with substantial upside potential. As long as the uptrend in the general crypto market holds, I do not expect BNB to drop below the 220 USD Level. However, if BNB does drop to the 180 USD level, I will go balls deep into BNB spot. IMO, this is the best asset in the Altcoin category. 238 USD (low confidence) 231 USD (medium confidence) 220 USD (high confidence)
BINANCE:BNBUSD.P
by NewThoughtCrypto
2
Binance Coin can bounce to resistance level and try to break itHello traders, I want share with you my opinion about Binance Coin. Looking the chart, we can see how price bounced of resistance line and started to decline to support line, thereby entering to wedge. When price declined, it fell firstly to current resistance level, which coincide with area, but at short time, broke this level and continue to decline to support level. And later BNB made a fake breakout to support line, but soon bounced back and started to grow. Price rose to resistance area and made correction to support level again and continued to move up until to resistance level. After price reached this level, it bounced and a not long time ago fell below resistance area. At the moment Binance Coin trades near this zone and maybe it can fall to support line and then bounce up to resistance area back, where price can make retest and continue rise to resistance level. Also, I think price can break this level, make retest, or at once continue to move up without retest. For this case I set my target at 262.5. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
6
BNB LTF Long Trade BNB broke out of the Ascending Triangle to the upside. It is currently testing the 253 USD level for support. If BNB manages to flip 253 to support, it is a long trade, IMO. If BNB doesn’t manage to break out, I think we will go lower to around 246 USD and try again from there. If it breaks down from the triangle, I will reassess the situation. Read my previous BNB ideas for more context. NFA What do you think? Please share in the comments. Best wishes to all.
BINANCE:BNBUSD.PLong
by NewThoughtCrypto
BNB/USDT 1DInterval ReviewHello everyone, welcome to the BNB review on a one-day interval. As we can see, the price left the bottom of the uptrend channel marked with blue lines, what's more, leaving the channel downwards also gave a drop below the EMA Cross 20o and thus a return to a strong downtrend. Let's start by marking the support spots for the price and we can see that first we have a very strong support zone from $240 to $210 which is currently holding the price, however if the price goes lower we can see a drop to around $172. Looking the other way, we can similarly determine the places of resistance that the price has to face. And here we see that the price is currently fighting the first resistance at $251, the second resistance is at $270, the third is at $286, and further we have a very strong resistance zone from $301 to $323. The CHOP index indicates that the energy is gaining more and more strength, the MACD indicates a return to an uptrend, while the RSI had a strong rebound and now we can see a rebound, but also that there is plenty of room for the price to continue to grow.
by cryptodailyuk
BNB LTF Analysis BNB is moving in an Ascending Triangle. BNB managed to get above the 21 & 50 EMAs on the 4H. The area between 253 – 267 is strong resistance. Above 267, the risk of a breakdown is much reduced. IF BNB fails to break through resistance the next supports are: 238 USD. 231 USD. 220 USD. In my opinion, BNB’s outlook is positive, and I do not think it is likely to drop below the 220$ level. NFA. What do you think? Please share in the comments. Best wishes to all.
BINANCE:BNBUSD.PLong
by NewThoughtCrypto
BNB - trend line test as a support level.Hello trader Today I have prepared a new idea for you. Like and subscribe to the channel there is a lot of useful information✅ A small update to the BNB chart on an older timeframe. The technical asset continues to stand at the global support level, from where there is no big reaction of the buyer and seller yet. Although bitcoin has already bounced off and showed an increase of a couple of thousand points, altcoins have not changed much yet. So, what am I talking about, on the chart we can observe the global countertrend line, which currently acts as a support level on the weekly TF. Another setup for BNB to bounce back and go above $300.
Long
by DanilBlinkov
1
The simplicity BYBIT:BNBUSDT.P I want to talk about the simplicity of this bottom on BNB. Obviously, everything we think we know about the markets is uncertain ALWAYS. uncertainty is very important for you to come to realize. once you focus on uncertainty and make it a main priority of your life you will then come to realize how close your relationship with uncertainty will become. you will also take the trades set out for your plan without hesitation, you will not feel as much hardship when a trade doesn't go your way. Once you stop looking for that quick spell and focusing on the real things like your own psychology, physical health, and little topics (the art of uncertainty) you will finally excel in your trading and everything else around you will follow. The simplicity of this bottom is that it's at a perfect spot that meets my criteria and I'm in without hesitation because it's uncertain anyway, right? shoot your shot to be on your way and take the trades. thanks guys.
by RPMWealth-Capital
BNBUSDT.1DHello dear friends, *Mars Signals Team wishes you high profits* This is a one day time frame analysis for BNBUSDT.1D We are in the daily time frame. As you can see, the price took a bearish trend after breaking the white line and is trading in our first support zone. We expect the price to support at this level and move towards our first resistance line. But if it breaks completely from our support line, we expect further declines. 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
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 staying above the local uptrend line. Let's start with the support line and as you can see the first support in the near future is $244.8, if the support is broken then the next support is $241.5, $238.9, $236.3 and $232.6. Now let's move on to the resistance line, as you can see the first resistance is $246.9, if you manage to break it, the next resistance will be $250.7, $256.4 and $263.2. Looking at the CHOP indicator, we see that most of the energy has been used, the MACD indicates staying in a local uptrend, while the RSI is moving in the upper part of the range, which may indicate a local sideways trend or a small rebound.
by cryptodailyuk
BNBUSDT - Price can bounce of resistance line and start to fallHi guys, this is my overview for BNBUSDT, feel free to check it and write your feedback in comments👊 A few moments ago price started to decline inside falling channel, in which it broke $272.5 level. Price fell to support level which coincide with support area, thereby exiting from channel. Later Binance Coin made fake breakout to support line and at once bounced up, entered to wedge, and rose to resistance line. At the moment price continue moving in wedge and in my mind BNB can bounce down from resistance line and start to decline. Also maybe price can break support line and fall to $232.5 support level. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Short
by WalterMoon
8
Binance Coin BNB - Going Bull - Last CrashBinance Coin doesn't seem to show the same Bearish patterns as the rest of the Cryptocurrencies. It appears that it's one step behind on the Bearish Stance. But can start flying now? YES! It met all the necessary requirements. However, if another last bear leg comes, it might as well catch up and reach the Demand Zone in a fast manner. I'm saying that because when this "thing" drops, it does massive candles. So, I'm taking my time with BNB . An awesome level would be $80 , a dream come true for every HODLer out there. Let me tell you why! Binance Coin ( BNB , BNBUSD , BNBUSDT , BNBBUSD ) Technical Analysis: * Elliott Wave Impulse: SuperCycle (a) (turquoise) * A-B-C Zig-Zag Correction: Cycle Degree (a-b-c (red)) * 88.6% Fibonacci Retracement * Harmonic Pattern: Bullish Bat * Bullish Divergence If that last bear comes, I will add some more to my portfolio. Moon was just a dream, Mars is a desire. The real destination: Interstellar. Stay strong my fellow HODLer. Richard, the Wave Jedi.
BINANCEUS:BNBUSDLong
by EW4X
2