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.🚨
🔗"Uncover new opportunities in the world of cryptocurrencies with AhmadArz.
💡Join us on TradingView and expand your investment knowledge with our five years of experience in financial markets."
🚀Please boost and💬 comment to share your thoughts with us!
BNBUSDTPERP
#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. 💰🍻
🤜If you like my analysis, please like 💖and share it💬
💕 Follow me so you don't miss out on any signals and analyze 💯
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.
BNB WILL BREAK $700BNB is in a strong bullish momentum and the chart is showing us a good bullish pattern. We can see the price has broken out from daily resistance trendline and it's performing a nice retest of it. I expect a little range there before another pump that could lead the price above $700, that's the next resistance area where we could see a pullback
BNB Update: Is $700 on the Horizon or Bearish Waters Ahead?
The daily chart for BNB lacks the momentum and is lingering around $594.
A bullish Bitcoin can push BNB through this key daily resistance, however a reversal in BTC.D will be a game changer for Binance Coin and we will see the next bullish rally towards $700.
A n inability to break through $594 will lead to a weakness with a bearish momentum targeting $543.
BNB Battle at $594: Will it Surge to $700 or Plunge to $543?The daily chart for BNB is maintaining strength, however it struggles to break $594, the key daily resistance.
A bullish break-out of this level is needed for Binance Coin to move towards $656 and higher towards $700 region.
A sustained price action below $594 could confirm weakness, potentially triggering a bearish momentum targeting $543, however price action will likely remain slow and choppy.
BNB's Bullish Momentum: Will $603 Trigger a Surge to $650?BNB still resides in the bullish zone in the H4 chart.
1. A bullish breakout of $603 sets Binance Coin on course for the $619 region, possibly prompting a temporary pullback.
2. A strong rejection of $590 steers the price towards $619, potentially extending to $646-$658.
3. Inability to sustain price action above $590 may induce sluggishness and choppiness.
Please find more details in the signature!
Binance Coin BNB Intraday Trade SetupBinance Coin is in the bullish territory in the H4 chart.
A bullish break-out of $603 will offer more upside towards $619 where the price action will be key.
A re-test of $590 followed by a bullish rejection will lead to a bullish move towards $619 and, possibly, higher to $646-$658.
An inability to sustain price action above $590 will result in a range-bound price action towards $577 and lower to $565, the key intraday support.
Find more info in signature.
#BNB UPDATE#BNB Update
BNB is currently forming an ascending triangle pattern, with its price trending above the lower support line. According to this pattern, if there's a breakout above the upper boundary of the triangle, we can anticipate a price bounce up to $1100.
However, if the price breaks below the support line, it will invalidate this pattern.
Stay tuned for further updates—I'll keep you posted.
#Crypto #cryptocurrency GETTEX:BNB BINANCE:BNBUSDT BINANCE:BNBUSDT
#BNB: Breakout this bull pennant!#BNB has broken out of a bull flag pattern. Now, we're looking for a retest of this pattern to confirm it according to technical analysis. If confirmed, we could see a potential 80% upward move. However, we must overcome the important resistance at the all-time high.
Stay tuned for more updates. I'll keep you informed.
#Crypto
Cryptolean Binancecoin BNB UpdateDaily Chart
Binancecoin is neutral in the daily chart and teasing the top of the daily range zone at $589.
An inability to break $589 to the upside will push BNB price towards $480, however the price action towards $480 will be slow and choppy.
If Binancecoin is unable to maintain price above $480, the daily support zone (marked grey) we will see BNB in the bearish zone with price declining towards $421 and, likely, lower to $302-$352.
The interaction with $302-$352 zone will be very important and could lead to a bullish rejection.
In the bullish scenario from its current price, a daily candle closure or, even better, several closures above the key resistance of $589 are required for Binancecoin to have another bullish extension: first, to $647 and, then higher, to $717-$766.
Boost once read!
Thank you.
Binance Coin BNB Technical Analysis [April 2024]BNBUSD Weekly Chart Conditions for a Bullish Scenario
In the weekly chart, BNB is lingering around the key weekly support zone at $577 (or the range of $563-$597).
It has to maintain the price action and weekly candle closures above this zone, preferably above $597 to remain in the bullish territory.
A price consolidation above $597 will push BNB towards the next weekly resistance zone around $509 and, possibly, higher to $738-$800, the new All Time High.
A weekly candle closure below $577 zone (or below the bottom of the zone at $563) in the weekly chart will not necessary make Binance Coin bearish, but will:
1. place BNB price into the wide weekly range zone where we will see slow and choppy price action; and
2. increase probability for a further decline towards $509 and, most likely, lower to $440 region, the key weekly support.
BNBUSD Daily Chart Conditions for a Bullish Scenario
In the daily chart, Binance Coin has to maintain the price action above the zone around $589 (marked grey) to become bullish to move towards the key daily resistance of $717 and higher towards $830.
Binance Coin price can decline more from its current location towards $534.
A bearish break-out of this level will push the price towards $480.
The price action with $480 will be very important as a rejection of this support will lead to a bullish move towards $589 and could complete the ABC correction started on March 16.
Once the bearsih pullback in BNB price chart is completed, I expect to see a continuation of a bullish rally.
A strong bullish break-out of $589 from its current price location is not very likely and BNB has to complete the corrective structure (triangle, flat) before moving further up.
However, the completion of this corrective structure could be very fast.
BNBUSD Daily Chart Conditions for a Bearish Scenario
Right now the sentiment in the daily chart is neutral and it will remain neutral as long as BNB is trading below $589.
A deeper pullback is likely and the price action with $480 zone will be very important.
A bearish break-out of the key support zone around $480 and the dynamic support in the form of 50-Day Moving Average will place BNB into the bearish territory and we see an impulsive move towards $421 and, lower, to the key daily support zone at $352.
As long as BNB is trading above $480, the bearsih scenario is irrelevant.
Binance Coin BNB: A Short-Term Price Action
After testing the top of the second key support zone at $539, BNB found a base in the between $552 and $561.
Yesterday, we saw a bullish reaction to this support zone, which is an expected price action.
BNB price can push back to $586, the key intraday resistance.
The price action with these resistance level will be very important.
A bearish rejection of either of these levels could send price for a re-test of the second zone between $529 and $539, and possibly even lower to $504.
In the alternative scenario, we need to see a strong bullish break-out of $586.
In this case, the price will move to $607.
BNB will become bullish in the 4-Hour chart only upon reclaiming $607 level.
Cryptolean Binancecoin BNB Update Binancecoin declined from the key resistance zone of $635-$660.
A sustained price action below $529 will push #BNB price lower to $455-$477.
A daily candle closure above the key daily resistance zone of $635-$660 is required for another bullish extension towards $716, the new ATH.
Intraday Chart
The BNBUSDT intraday chart is in the bearish territory below $548.
A re-test of the resistance zone of $463-$487 and a bullish rejection will lead to a bullish rally to $548.
A solid bullish break-out of $548 will push price higher towards $600.
A bearish break-out of $463-$487 will lead to a dip towards $407-$433 and, possibly lower.
BNB price is preparing for a strong growth soon ?The year 2023 was not the best for Binance and CZ, if we analyze the news background, lawsuits, fines, etc.
But everything seems to have "calmed down and stabilized"
The other day, there was another burning of BNB worth more than $600 million. Now, 154 million of the 200 million coins that were in circulation at the beginning are in circulation. Almost half of the planned amount was burned (ultimately, only 100 million BNB should remain in circulation).
It seems to us that a good "window of opportunity" is now opening up to drive the BNBUSDT price to the range of $520-540.
There you can sell a little BNB to cover the "expenses" of the past year)
_____________________
Did you like our analysis? Leave a comment, like, and follow to get more
#BNB: Breakout this bull flag!BINANCE:BNBUSD BINANCE:BNBUSDT GETTEX:BNB #BNBTRADE SETUP
BNB broke out this bull flag in the eight-hour time frame.
A retest of the pattern is needed.
Technically, after the retest expecting almost 30% bonds as per the pattern.
Entry: CMP and add more up to 310$
Target:
328$
340$
358$
370$
400$
SL: 295$
To manage the risk, it is recommended to set a stop-loss.
#DYOR
💡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.