Binance Coin (BNB) Technical Analysis: Is a $1000 Target ?Binance Coin (BNB) Technical Analysis: Is a HKEX:1000 Target Possible?
Binance Coin (BNB) has been on a bullish run lately, with the altcoin market as a whole seeing significant gains. At the time of writing, BNB is trading at FWB:340 , and technical analysis suggests that there may be more upside potential in the near term.
Takeaways:
BNB is currently trading at FWB:340 and has been on a bullish run.
Technical analysis indicates that BNB may retest the HKEX:270 - HKEX:290 level in the next few days, which is a strong support level.
If BNB bounces from the HKEX:270 level, the next target could be LSE:450 , followed by a retracement to HKEX:320 -$330.
If BNB holds the $300 support level, there is potential for it to reach HKEX:1000 or even HKEX:1500 -$2000.
However, if BNB breaks down the FWB:280 level, it could drop to HKEX:150 - HKEX:200 , which may present a good entry point for long-term investors.
Conclusion:
Overall, Binance Coin (BNB) appears to have significant potential for growth in the near term, with technical analysis suggesting that it could reach HKEX:1000 or even higher. However, as with any investment, it is essential to do your own research and make informed decisions based on your own risk tolerance and investment goals.
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BNBUSDT
BNB/USDT 4HInterval Resistance and SupportHello everyone, welcome to a review of the BNB chart on a four-hour time frame. With the blue lines we will mark the uptrend channel in which the price is moving.
Let's start by marking the support places for the price and we see that we first have support at $337.3, but if the price goes lower, we have another support at $333.8, then at $323.5, then we can see strong drop to around $307.2
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 has failed to break through the strong resistance zone from $ 345 to $350 at the moment. Next is resistance at $354.4, third resistance at $358.5, and then fourth resistance at $364.
The CHOP index indicates that the energy is slowly regaining strength, the MACD indicates a transition to a local downtrend, while the RSI indicates a rebound, but in this situation we are still in the upper part of the range.
SasanSeifi 💁♂️BNBUSDT /3D ⏭ $347 / $360⬆Hello everyone ✌As you can see, by examining BNBUSDT in the long term, the price was corrected after liquidating the buyers from the $337 range. It is currently trading in the range of $316.
I think the price will grow again to the range of $347 and $360 after collecting VOLUME. We have to see how it will react to the important FVG range marked at $300.
If the price penetrates below the $300 range and stabilizes, we can consider the possibility of further correction.
❎ (DYOR)...⚠⚜
What do you think about this analysis? I will be glad to know your idea 🙂✌
IF you like my analysis please LIKE and comment 🙏✌
BNB Special Situation! We can see there's a triangle pattern here but still we've got no clear direction with strong momentum where this could potentially go! So we have 2 scenarios. Whichever plays out, I'm still expecting a strong move up hopefully! But could take a couple waves down or a strong down move into market structure before we see the shift in trend.
Daily BNB 4HChart - 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.
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 $326.4, $320.9 and $315.1.
Now let's move to the resistance line, as you can see the first resistance is $ 344, if you manage to break it, the next resistance will be $348.4, $352.7 and $359.
Looking at the CHOP indicator, we see that the energy has been used, the MACD confirms the local uptrend, while the RSI has crossed the upper limit again, which may result in a temporary price rebound.
Intraday Opportunity, BNB USDTThe following statement pertains to a personal note and should be interpreted with caution.
Target for next day closing price is at $312.5.
Target for next day maximum price is around $314.3.
Target for 7 next day closing price is at $319.5.
Target prediction is obtained from predictive AI model.
IS $BNB Buyers finally Ready to Shoot for $440 Or Is BNB Dead?CRYPTOCAP:BNB price is Trading currently within a Busy rectangle range, while battling the resistance range of HKEX:336 to $459. The last 3 attempts to get past 345 have failed and resulted in a temporary pullback and for the fourth time we see the bulls crawling this time back to the same area. with a price range of HKEX:264 to HKEX:397 on the chart. This pattern suggests a potential bullish continuation pattern and a strong bullish pressure brewing in the background, indicating that the current pause is temporary and an upward movement may be imminent on BNB any movement soon.
However, it is important to consider the possibility of a bearish reaction of BNB to the top of the box at the HKEX:397 area all the way up to HKEX:440 , which may create breakout pressure. Therefore, caution should be exercised as the price approaches this area, and profits should be protected by moving the stop loss up to breakeven or by using a trailing stop loss.
If the bulls succeed in breaking out, the upward move will most likely continue. However, it is important to remain open-minded, as anything can happen at any time. the below signal is best for sport but can be used on futures with a tighter stop loss adjusted to the HKEX:314 range.
FREE MT SIGNAL(SPOT TRADE)
👉 ASSET: CRYPTOCAP:BNB (BNB/USDT)
👉 ACTION: BUY
👉 1st ENTRY PRICE: FWB:328
👉 STOP LOSS: HKEX:298
👉 1st TAKE PROFIT: HKEX:396
2nd TAKE PROFIT: HKEX:440
💰 RISK MANAGEMENT: I strongly recommend the use of stop loss, you can use the HKEX:298 for Spot and HKEX:314 for Futures as a point of sell to limit potential losses on in case the trade goes against us as ranges are unpredictable. We also suggest taking profits as the price approaches HKEX:397 to lock in gains. before hitting Target on BNB 440 range in case the bulls get weak on reaction to the box Resistance
🚨 DISCLAIMER: This is not financial advice. Please do your own research before making any trades. We are not responsible for any losses that may occur from following this trade signal.
✴️ Binance Coin Says, Bring In The FUD | 500 or 600+?This is a chart that reads/says "I don't care"...
The October 2022 session close is the most important level right now for the bulls, this is around 333; technical analysis first then we can get into opinions, jokes and speculation.
Bottom/low June 2022... Ok, that's easy.
Higher lows ever since this date... Revealing.
Long-term higher low December 2022 vs June 2022.
The succeeding higher lows both end up with a Doji as a very clear and strong reversal signal.
This signal is confirmed with the green candle that follows.
Ok. Binance Coin continues trading within higher lows but has been actually in a consolidation phase since October 2022.
Each time it moved higher resistance is found around that same level of 333... This is where we are at now.
If this level break, we can see a double up.
I remember my initial target being around 555 but who knows... The charts are bullish, the technicals, bullish, the market bullish, Bitcoin bullish, Twitter, bullish, etc.
Binance has been going through some of the worst attacks in the industry, this is because they have a huge share of the market and the competitors are using their political clout to attack and try to get some of that share.
Instead of giving great products, great support and a great service, they attack each other but ok... This is the past, they are offering Cryptocurrencies services and products but these are still centralized institutions... the future is DEX.
That's the opinion/speculation part.
The truth is that Binance will continue to operate regardless of what happens, they have licenses in more than 16 countries and the world is big...
Innovation does not change what "isn't working".
The new doesn't fix the past/what is bad...
Here is how it works... New people, the new generation, the future starts adapting the new technologies and the old becomes obsolete. It is never upgraded it just become irrelevant overtime... Floppy, CDs... These are not upgraded by USB sticks, they are just forgotten by you and me.
Namaste.
Daily BNB 4HChart - resistance and support - shorttermHello 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.
Let's start with the support line and as you can see the first support in the near future is $ 332, if the support is broken then the next support is $ 329, $ 327 and $ 325.
Now let's move to the resistance line, as you can see the first resistance is $ 336, if you manage to break it, the next resistance will be $ 339, $ 341 and $ 343.
Looking at the CHOP indicator, we see that the energy has been used, the MACD indicates an uptrend, while the RSI is moving above the upper limit, which may affect the price correction.
BNBUSDT Idea for Long trendBINANCE:BNBUSDT
BNB vs TETHER
⚠️🚨 Risk warni BINANCE:BNBUSDT ng, disclaimer: the above is a personal market judgment and analysis based on published information and historical chart data on The trading view,
And only some of these analyzes are my actual real trades.
I hope Traders consider I am Not responsible for your trades and investment decision.
✅ Please write any advice or suggestions.
BNB/USDT 1DInterval Resistance and SupportHello everyone, I invite you to review the BNB chart in pair to USDT, also on a one-day timeframe. First of all, using the blue lines, we can mark the sideways trend channel in which we are approaching the upper limit, while locally we managed to beat the downtrend lines.
Now let's move on to marking the places of support. We will use the Fib Retracement tool to mark the supports, and as you can see we have the first support at $317.1, the second support at $298.5, the third support at $283.5 and then the fourth support at the lower border of the sideways channel at $268.4.
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 HKEX:330 , which is the so-called golden point of 0.618 Fib, the next resistance is at $359.9, and then the third resistance at $398.3.
The CHOP index indicates that most of the energy has been used. The MACD indicator is back in an uptrend. On the other hand, on the RSI we are moving in the upper part of the range with a small rebound visible.