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Bnbusdtlong

BNB Bulls Charge: Price Attempts Breakout After Clearing Key ResThe Binance Coin (BNB) price is attempting a fresh rally, buoyed by a surge that surpassed the crucial $550 resistance zone. This positive momentum has ignited optimism among investors, with analysts suggesting a potential extension towards $630 and beyond. Breaking Through Resistance: A Bullish Signal BNB's recent price action hints at a bullish resurgence. After encountering resistance around $550, the price successfully breached this level, indicating a shift in market sentiment. This breakout signifies increased buying pressure and suggests that investors are regaining confidence in BNB's future prospects. Technical Indicators Point Towards Further Gains Several technical indicators support the bullish narrative for BNB. The price is currently trading comfortably above the 100 simple moving average (SMA) on the 4-hour chart. The SMA acts as a line of support, and staying above it indicates a potential uptrend. Furthermore, a key bullish trend line has emerged on the 4-hour chart, with support established at $592. This trend line reinforces the bullish bias and suggests that dips towards this level might be met with renewed buying pressure. Crucial Resistance Awaits: $608-$610 Zone For the bulls to maintain control, BNB must decisively overcome the next hurdle: the resistance zone between $608 and $610. A successful breach of this level would significantly bolster the bullish momentum and pave the way for a potential test of the $630 mark. Overcoming Hurdles: Factors Influencing BNB's Price While the technical outlook appears promising, several factors could influence BNB's price trajectory in the coming days. The overall performance of the broader cryptocurrency market, particularly Bitcoin (BTC), will likely play a significant role. If BTC experiences a significant correction, it could trigger a pullback in BNB's price as well. Additionally, positive news or developments surrounding the Binance ecosystem could provide BNB with an additional boost. Upcoming product launches, partnerships, or regulatory clarity could all contribute to increased investor interest and drive the price upwards. BNB's Utility: A Long-Term Strength Beyond the current price action, BNB's inherent utility within the Binance ecosystem remains a significant long-term strength. As Binance continues to expand its offerings and user base, the demand for BNB – which fuels transactions and unlocks various benefits on the platform – is likely to grow as well. This intrinsic utility provides a fundamental layer of support for BNB's price, even amidst broader market fluctuations. Conclusion: A Cautiously Optimistic Outlook The current price action suggests that BNB is poised for a potential breakout. The successful clearing of the $550 resistance zone, coupled with favorable technical indicators, paints a bullish picture. However, overcoming the upcoming resistance levels and navigating the external market forces will be crucial for BNB to sustain its upward trajectory. Investors should remain cautiously optimistic and closely monitor both technical and fundamental developments to make informed decisions. While the short-term outlook appears promising, a long-term investment strategy focused on BNB's utility within the Binance ecosystem might prove more rewarding.
Long
by bryandowningqln
BNBUSDT - This ALT flashes Strong BULLISH Signals 📈📉Hi Traders, Investors and Speculators of Charts📈 BNB / Binance coin is another altcoin with good upside potential for the next bullish cycle. I expect this to come into full force only after the BTC halving. Looking at the clear bottom followed by a bullish flag pattern, it seems highly likely that BNBUSDT may make higher-highs for the short term. It's impressive to see that BNB mid-range support held, this shows a sign of strength from buyers. Around this zone the price ultimately made the inverse Head and Shoulders bottom pattern: A little closer look in the daily, we see the bullish flag pattern forming. A breakout UNDER will invalidate the pattern: From a technical indicator perspective, we see two strong "BUY" signals flash in the weekly timeframe, confirming a bullish bias: If you found this content helpful, please remember to hit like and subscribe and never miss a moment in the markets. _______________________ 📢Follow us here on TradingView for daily updates📢 👍Hit like & Follow 👍 CryptoCheck BINANCE:BNBUSDT BINANCE:BNBUSDT.P CRYPTO:BNBUSD
Long
by CryptoCheck-
3
BNBUSDT Elliott Waves Analysis (Investment idea)Hello friends. Please support my work by clicking the LIKE button👍(If you liked). Also i will appreciate for ur activity. Thank you! Everything on the chart. Closest target: 350 - 460 - 570 Main(investment) target zone: 850 - 1200$ Cancellation of setup - decreasing under 185. RR: 1 to ~18 Stop loss must be necessarily, we have gap in 50-150$ zone, sooner or later we will get there. risk is justified Good luck everyone! Follow me on TRADINGView, if you don't want to miss my next analysis or signals. It's not financial advice. Dont Forget, always make your own research before to trade my ideas! Open to any questions and suggestions
Long
by trytofeelpositive
4
💡Don't miss the great buy opportunity in BNBBTC %66My friends, I am intensively working on BNB. You can also review my previous analyses regarding BNB. I hold a positive view on BNB. The ecosystem is expanding, the BNB staking in launchpads, Binance's dominance in the sector, and the token burning policy until it drops below 100 million—all these factors are positive for BNB. As you can see, my past predictions have never been wrong. Now, I am expecting a 66% increase with a 5% risk factor. My expectations are actually higher, but this is what I can share with you.
Long
by srmustafabas
BNBUSDT Elliott Waves Analysis (midterm expectations)Hello friends. Please support my work by clicking the LIKE button👍(If you liked). Also i will appreciate for ur activity. Thank you! Everything on the chart. I expecting that a correction will begin soon, and after that our growth will continue. Who's out of position - entry zone 290-260. (im on pos from 234) Good luck everyone! Follow me on TRADINGView, if you don't want to miss my next analysis or signals. It's not financial advice. Dont Forget, always make your own research before to trade my ideas! Open to any questions and suggestions
Long
by trytofeelpositive
BNBUSDT Good Buy Opportunity!!BNB/USDT has recently undergone positive corrections, setting the stage for a significant upward movement. The chart indicates a potential breakout beyond the next resistance level, presenting a promising buying opportunity. Investors are anticipating substantial returns in the near future as the asset shows signs of a robust upmove." BNBUSDT (1D Chart) Technical analysis BNBUSDT (1D Chart) Currently trading at $301 Buy level: Above $301 Stop loss: Below $260 TP1: $335 TP2: $350 TP3: $400 TP4: $460 Max Leverage 3x Always keep Stop loss Follow Our Tradingview Account for More Technical Analysis Updates, | Like, Share and Comment Your thoughts
Long
by GreenCryptoTrades
2
Binance Coin still in fourth wave. Looks bullish💰💸💵📈Reviewing the Binance Coin (BNB) against Tether (USDT) chart, it's notable that the Elliott Wave structure points to us currently being in the fourth wave. Correcting the previous analysis, we do not see the completion of the fifth wave but rather the fourth wave, which suggests that the market is in a corrective phase rather than an impulsive final wave push. The presence of high-volume nodes at lower price levels indicates significant trading interest, which could act as potential support zones for BNB if the price retraces. The areas of liquidity highlighted on the chart (not specified by color) are of particular interest, as they often represent levels where institutional investors might place substantial orders. Fibonacci retracement levels drawn on the chart serve as technical landmarks for potential reversals or continuation of trends. For instance, the 0.618 retracement level around the 322-325 USD range is a critical area to monitor for potential institutional activity, as reversals often occur at such key Fibonacci levels. In terms of candlestick formations, large bullish candles with long lower wicks can indicate strong buying interest at lower prices, while long upper wicks can suggest selling pressure at higher price levels. These candlestick patterns, combined with the identified Elliott Wave phase and liquidity areas, help create a narrative around potential smart money actions. To capture the sentiment of smart money, it's crucial to observe how price reacts upon reaching these significant levels. Any substantial breakout or reversal at these points could signal smart money's influence on the market, providing insights for strategic entry or exit points. As we continue to observe BNB's price action, we must remain flexible to the market's dynamics and adjust our analysis as new information unfolds, always considering the potential strategies and movements of smart money within the market's structure.
Long
by CryptoDiabloo
BNB's🌞 🐂 24-hr outlook; What About the rest of the market? 🤔Bearish clouds ☁️ linger over the global crypto market in the next 24 hours and week, likely to put pressure on crypto coins such as Bitcoin and Ether. However, Binance Coin, Dogecoin, and Chainlink defy this negative trend, suggesting upside potential in the near and medium term. 🌞 Binance Thailand’s joint venture with Gulf Energy Development’s unit Gulf Innova, resulting in a regulated and licensed crypto exchange, is now operational in Thailand. “Thailand is one of the leaders of crypto adoption in Southeast Asia & #Binance TH is excited to be part of the Thai digital asset ecosystem,” Binance’s CEO, Richard Teng, said. Binance Coin rose 0.9 percent over the past 24 hours to 315.81 dollars. Follow us for more crypto weather reports!
by ATTMO