BNB Near $719: Breakout to $820 or Drop to $630?Binance Coin (BNB) is currently consolidating at the top of the range zone, near the $719.63 resistance level, setting the stage for a decisive move. As long as price is trading below this level, the momentum will be slow.
A successful breakout above $719.63 would confirm bullish sentiment, paving the way for a potential rally toward the next resistance level at $771.67. Such a move would signify strengthening momentum, encouraging further buyer participation (Solid Green Projection).
Conversely, if the price fails to clear $719.63 and faces rejection, a pullback to $682.62 would be the first critical test for support. However, this is the slow zone for BNB.
Losing $682.62 may signal a shift in control toward sellers, opening the door for a decline toward $630.57 (Red Projection).
BNBUSDTPERP
BNB Breaks 4-Year Range – Big Move Ahead!BNBUSDT Technical analysis update
BINANCE:BNBUSDT price has been trading within a rectangular range for the past 1,350 days. Today, the price broke out of the rectangle with high volume. A 100–200% move from the current level can be anticipated.
Buy zone : Below $770
Stop loss : $620
Target: 100-200%
#BNB Ascending Triangle📊#BNB Ascending Triangle📈
🧠From a structural perspective, the ideal goal of the bullish structure has not been fully achieved, so we still maintain our bullish view. Currently, it has encountered a staged resistance area and has undergone a complex horizontal consolidation.
➡️From a graphical perspective, we have the opportunity to form an ascending triangle between the neckline support area and the staged resistance area. Generally, we will continue to rise according to this model in an upward trend
➡️Can we challenge the historical high this time?
Let's see👀
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$BNB $BNBUSDT Daily Analysis After sweeping the daily highs in the weekly supply range, strong bearish momentum kicked in and we got daily bearish choch and a new supply to trade in if the price ever reaches to that zone.
My expectation is as drawn on the chart. Will look for sells if the price reaches to $600 levels
BNBUSDT Targeting 2021 All-Time High Amid CZ's Release!!BNBUSDT has successfully broken through key resistance levels and is gaining momentum towards the all-time high seen during the 2021 bull market. With Binance founder CZ set to be released today after serving 119 days in prison, this event may significantly impact BNB's price action.
Expecting a substantial upward movement, but as always, ensure you have your stop-loss in place to manage risk effectively.
BNBUSDT (1W Chart) Technical analysis
BNBUSDT Currently trading at $608
Buy level: Above $600
Stop loss: Below $500
TP1: $650
TP2: $720
TP3: $850
TP4: $1000
Max Leverage 3x
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BNB's Potential Surge: CZ's Release and Buyer Zone AnticipationThe recent developments surrounding CZ's release have sparked optimism across the market, potentially fueling a rise in BNB’s value. As seen in the chart, we are currently monitoring a key buyer zone (marked by the green box), which has been identified as a significant area of interest. If price action confirms this level, it could provide a strong entry point for buyers, aligning with the positive market sentiment following CZ's return.
BNB Is Forming an ABCD PatternThe AB=CD pattern is a four-point price harmonic, which involves a partial retracement of the initial price segment, followed by an equidistant move from the completion of the pullback.
Not every impulse and retracement form an ABCD Pattern. I use it under two conditions:
1. AB is an Impulsive move.
2. Sharp retracement up followed by a sharp move down. Use a trendline as a guide.
ABCD Targets:
1. A shallow continuation follows a deep retracement and vice versa.
For example, if BNB retraces in C to 70% of AB, the D point is expected at 1.414. If it retraces to the 0.618 of AB, the D point is expected at 1.618.
Your default should be the 1:1 extension.
BNB is creating a nice ABCD With a target of 350$.
Invalidation: Price > 544$
BNB Is Forming an ABCD PatternThe AB=CD pattern is a four-point price harmonic, which involves a partial retracement of the initial price segment, followed by an equidistant move from the completion of the pullback.
Not every impulse and retracement form an ABCD Pattern. I use it under two conditions:
1. AB is an Impulsive move.
2. Sharp retracement up followed by a sharp move down. Use a trendline as a guide.
ABCD Targets:
1. A shallow continuation follows a deep retracement and vice versa.
For example, if BNB retraces in C to 70% of AB, the D point is expected at 1.414. If it retraces to the 0.618 of AB, the D point is expected at 1.618.
Your default should be the 1:1 extension.
BNB is creating a nice ABCD With a target of 350$.
Invalidation: Price > 544$
Blood on the leaves.BNB is breaking structure and has also hit the top of the 0.5 Fibonacci level. Back in July, after reaching that point, we went down to the 0 Fibonacci level and are now currently looking for a relief crash down to 0.27 and then 0.618.
We are also in the third wave down according to Elliott Wave Theory, completing the harshest wave. Last but not least, the structure is breaking out of a bear pennant. If you are familiar with price action and technical analysis, you can follow up and see that what I am articulating is accurate. Thanks for reading! :)
BNBUSDT Path to $2500BNBUSDT Technical analysis update
BNB price has been trading inside a range for the last 1,230 days, with multiple rejections from the resistance of the range. Now, the price is moving towards a breakout, which could happen in 1-2 months. The price could reach the $2,000-$2,500 level in 2025.
HODL.
Is BNB Due for a Correction or Continued Climb?BNB technical analysis update
BNB's price failed to break its major resistance zone on the weekly chart. It still looks bullish in the weekly timeframe, and we can confirm the bullish movement once the weekly candle closes above the resistance zone.
BNB's price could move sideways or slightly bearish before making a new high. 👀
Reagrds
Hexa
BNB: analaysis in D1📊Analysis by AhmadArz:
According to the flag pattern that we saw the best reactions in the past, we can expect the same analysis from the chart at this time.🧨
Just keep in mind that there is a 10% chance of a fake breakout on each side of this horizontal trend.🚨
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#BNB reaches the staged support zone📊#BNB reaches the staged support zone✔️
🧠We made adjustments as expected after completing the weekly-level bull target. The current price has reached a staged support area. If a new bull structure can be formed in this area, it will be worthy of our attention and participation. 👀
➡️Because at the monthly level, we have opened up a higher space, so trading with the trend will always be much smoother than trading against the trend. So we closed the short order we held. 💰🍻
🎉Congratulations to all the friends who followed Wolf King to print money. 💰🍻
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BINANCE:BNBUSDT.P
BNB Bulls Eye Breakout: Will Binance Coin (BNB) Surge Past $660?Binance Coin (BNB) has emerged as a standout performer, showcasing significant price movements over the past few years. From its early days at around $50 in November 2020 , BNB has experienced dramatic highs, bringing significant opportunities for investors.
BNB's journey has been nothing short of remarkable. After climbing to an impressive $696 peak in May 2021 , the subsequent bearish market took its toll, driving the price down to a low of $200 in June 2022 . The coin then faced a resistance level of $340 , appearing as a double top pattern before retracing back to the yearly support of $200 by October 2023.
However, the tide turned in favor of BNB as the broader crypto market regained momentum. The resurgence propelled BNB to new heights, surging to an all-time high of $640 . Currently, BNB has found solid support at the $500 level, a critical juncture that could pave the way for further upward movement.
I am closely monitoring BNB's recent price action, particularly as it hovers around the $590 resistance zone . A breakout above this level could set the stage for a significant rally towards the next resistance point at $620 . If BNB manages to breach this barrier, experts anticipate a clear path towards surpassing its previous all-time high to a new price $700 and potentially even higher.
Looking at the weekly timeframe chart, the $500 support level holds key significance. Should this level remain intact, market sentiment suggests a bullish breakout scenario, targeting ambitious price goals beyond the current resistance.
Investors and traders are advised to keep a close watch on BNB's performance in the coming days, as market dynamics continue to shift rapidly. With the broader crypto market showing signs of upward momentum, Binance Coin stands poised for a potential breakout, setting the stage for an exciting period of price discovery and market activity.
As always, it's crucial for participants in the crypto space to exercise caution and conduct thorough research before making investment decisions. The inherent volatility of cryptocurrencies underscores the importance of staying informed and adapting to evolving market conditions.