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HelenP. I Binance Coin may rose to resistance of channelHi folks today I'm prepared for you BINANCE COIN analytics. Having formed a resistance zone of 345-350, the price start a local downtrend. After a downward impulse, Binance Coin made a small correction, continued to fall and reached support at the level 300, from which she rebounded. The price re-tested the resistance zone and continued to decline. Over a long period, a downward channel was created in which Binance Coin is still traded. After re-testing the support of the channel, the price increased, broke through the resistance of the channel, but it was not possible to fix above and after re-testing the resistance zone, it continued to fall. Subsequently, Binance Coin made a small correction and continued to move down. Recently, the price reached the support channel, which coincide with the level of 300, re-tested it and began to rise. Now the price is trading above the level of 300 and may rise to the resistance of the channel. It seems to me that Binance Coin may continue the local downtrend, but first it may make an upward correction. Therefore, the goals will be set at levels 315.5 and 322.5, which corresponds to the resistance of the channel. If you like my analytics you may support me with your like/comment ❤️
Long
by FirstNameHelen
4
Binance Coin just about hangs on to $305- but this could changeWeekend could see reduced volatility and Monday could set the direction for the coming week. With that in mind, the market structure of BNB is bearish H12 bullish order block at $300-$310 saw a strong reaction in early April, but each retest had a weaker bounce. When this zone is eventually shifted to a bearish breaker, a retest can offer a shorting opportunity. Entry: $309 (after a session close below $300) Take-profit: $289.9 (23.6% extension level) Stop-loss: $317.8 (resistance, and a move above will break structure to bullish) R:R- 2.28
Short
by AMBCrypto_TA
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 in the local downtrend channel. Let's start with the support line and as you can see the first support in the near future is $307.6, if the support is broken then the next support is $305.6, and then we can see a drop to $299.9. Now let's move on to the resistance line, as you can see the first resistance is $309.6, if you manage to break it, the next resistance will be $311.8, $313.6 and $315.4. Looking at the CHOP indicator, we see that there is still some energy left for the next move, the MACD remains in the local downtrend, while the RSI is moving in the lower part of the range, but there is room for the price to go a little lower.
by cryptodailyuk
Binance Coin can continue to fall and reach support areaHello traders, I want share with you my opinion about Binance Coin. Looking at the chart, we can see how the price formed the seller zone 345-350, which retested and started a downward movement. Binance Coin dropped to level 315.5, tested it and went up. The price made a deep upward correction and approached the seller zone, but never tested it and continued to fall. Over time, Binance Coin created a downward wedge in which he traded for a long time. After retesting the resistance line of wedge, the price continued to fall and broke through the support level 315.5. After reaching support area 303-301, which coincide with the support line of wedge, Binance Coin retested it, began to grow, and broke through the resistance line of wedge. The price left the downward wedge and rose to the resistance level, from which it bounced and continued to fall. Binance Coin is currently trades over the support area, but could continue to fall and reach it. I think that the price can continue downward movement, in which case I decided to set the target in the zone 303-301. Please share this idea with your friends and click Boost 🚀
Short
by LegionQ8
7
BNB Update 2023-5-17It seems that the upward movement of BNB is not strong enough to move away from the bottom of the ascending channel. So, it is constantly at the risk of losing the bottom of the channel and reducing the price to 255 or even lower, and it is not possible to make a hopeful comment about it! Note that this is a personal opinion. ---------------------------------------------------------------- Es scheint, dass die Aufwärtsbewegung der BNB nicht stark genug ist, um sich vom Boden des aufsteigenden Kanals zu entfernen. Es besteht also ständig die Gefahr, dass der Tiefpunkt des Kanals verloren geht und der Preis auf 255 oder sogar noch niedriger sinkt, und es ist nicht möglich, einen hoffnungsvollen Kommentar dazu abzugeben! Beachten Sie, dass dies eine persönliche Meinung ist.
CRYPTO:BNBUSD
by morteza291
1
🐻 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