BNBUSDT Bulls in Control, Approaching $300BNBUSDT Bulls in Control, Approaching $300
BNBUSDT (1h Chart) Technical analysis
BNBUSDT (1h Chart) Currently trading at $256
Buy level: Above $255
Stop loss: Below $237
TP1: $265
TP2: $275
TP3: $285
TP4: $300
Max Leverage 5x
Always keep Stop loss
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BNBUSDTPERP
BNB NO MORE BULLISH BNB/USDT
In this trading view idea for the BNB/USDT pair, we observe a bearish sentiment in the market due to recent negative news. As a result, many traders are selling in fear, potentially leading to a decline in price.
Based on the current situation, it is expected that the price may drop significantly, possibly by around 30-50% from its current level. This projection is speculative and subject to market conditions.
Another potential scenario to consider is a temporary pump in price to panic sellers, This might be followed by a quick and substantial price drop as sellers react to the pressure.
It is important to note that this idea is presented as a personal opinion and should not be considered financial advice. Traders are encouraged to conduct their own thorough research and analysis before making any trading decisions.
💡Don't miss the great buy opportunity in BNBUSDTAs BNB flirts with a significant resistance trendline, the anticipation of a breakout builds. A decisive close above this level could ignite a rally towards Fibonacci extension levels of 1.272 and 1.414, correlating to a price target around $1200—representing a fivefold gain from the current position. Given Binance's stature as the 'father of the crypto market,' it's plausible to expect a vested interest in bolstering the value of its native coin. Investors should monitor this pivotal movement, as BNB's ascendancy could be a testament to Binance's influence in the crypto ecosystem.
My rigorous and detailed analyses of BNB, visible at my TradingView profile, have historically captured the pulse of its market movements, proving to be successful time and again. With Binance's dominant market role, BNB is on the brink of a potential quintuple surge, as it approaches a pivotal breakout point. My extensive research and careful market scrutiny suggest a strong upside, especially with Binance's vested interest in enhancing the value of its flagship coin.
Uptrend transition : 240.2-248.8Hello traders!
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(BNBUSDT chart)
It is supported and shows an upward trend around the strong support range of 179.2-210.2.
(1W chart)
The key is whether the price can be maintained by receiving support in the 233.9-260.72 range and rising above 283.4.
If it rises above 339.08, it is expected to show a rapid movement.
(1D chart)
It is expected to turn into an upward trend by rising above 240.248.8.
Accordingly, the key is whether it can receive support around 248.8 and rise above 268.5-285.3.
Even if it falls below the 240.248.8 range, if it shows support around 232.2, that is, around the MS-Signal indicator, it is expected to create a pull back pattern and rise.
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- The big picture
The full-fledged upward trend is expected to begin when the price rises above 29K.
This is the section expected to be touched in the next bull market, 81K-95K.
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** All explanations are for reference only and do not guarantee profit or loss in investment.
** Trading volume is displayed as a candle body based on 10EMA.
How to display (in order from darkest to darkest)
More than 3 times the trading volume of 10EMA > 2.5 times > 2.0 times > 1.25 times > Trading volume below 10EMA
** Even if you know other people’s know-how, it takes a considerable amount of time to make it your own.
** This chart was created using my know-how.
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BNBUSDT: Prepare for a Severe Drop, Potential to Fall Below $150Hi Fellow Traders,
BNBUSDT has broken out of the symmetrical triangle pattern and is possibly heading for a crash. The price is plummeting below the lower trendline and has crossed below the EMA 200 line, signaling a strong bearish trend. To make matters worse, a Bearish Inverted Hammer has appeared after bouncing off the base pattern. This deadly combination of technical factors suggests a sharp decline to the first target area. Then, we might see a brief rebound to the blue zone area before another dive to the second target area.
Negative Sentiments
1. lawsuits filed by the U.S. Securities and Exchange Commission (SEC) against Binance and Coinbase
2. The SEC accuses Binance of selling unregistered securities and Coinbase of offering a lending program that violates securities laws.
3. These lawsuits are part of a broader regulatory crackdown on the crypto industry and they could have significant implications for the future of cryptocurrencies. The possible outcomes of the lawsuits, such as settlements, fines, or bans, and how they could affect the crypto market and innovation.
It is essential to note that the analysis will no longer hold validity once the target/support area is reached.
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Disclaimer:
"Please note that this analysis is solely for educational purposes and should not be considered as a recommendation to take a long or short position on
BINANCE:BNBUSDT ."
BNBUSD 50 % drop - BewareBNBUSD got rejected at the strong resistance level. We expect it to have a short term bounce together with the whole market and if we retest the strong resistance level again, it will the most likely get rejected .
50 % drop coming. Beware
The problem is that it went very parabolic in the bull market and there´s no much support so if we break our support zone, we can go much lower.
If we have some heavy FUD related to Binance exchange, it may drop to 50 $ or a bit lower and it would be a a great opportunity to buy at those low prices. However, it´s not very likely in our opinion .
Good luck!
Bnb Short Term Plan "Binance Coin (BNB) / Tether (USDT) Analysis
In the BNB/USDT trading pair, BNB is currently testing a minor horizontal resistance on the hourly time-frame. This comes after a recent liquidation event. I anticipate that the price might surpass this level and rise towards the resistance range of $245 to $260.
Please note: This information is only a suggestion. It's important to conduct your own research before making any trading decisions. Additionally, it's recommended to wait for a confirmation of the breakout before taking any action.
Best of luck in your trading endeavors!
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Bollinger Band SqueezeWhat is a Bollinger Band Squeeze?
• A Bollinger Band Squeeze describes a period in which volatility is extremely low. The narrowing of the Bollinger Bands signals low volatility.
• There is a formula to calculate the level of the squeeze. However, for simplicity, I use the Bollinger BandWidth with High/Low References by Sinier, with a 180-day lookback period.
• You can look at the bottom indicator and see that the orange line, signifying the BB width is as low as it gets.
• According to Bollinger, periods of low volatility are often followed by periods of high volatility. It stands to reason that once the period of low volatility is over, a big move, up or down, will happen.
• For example, In may BNB was squeezed in a 3.41% range, and the following move was a 25% move.
How to determine the direction of the squeeze?
• The squeeze by itself, is a directionless signal.
• Bollinger suggests using momentum indicators, volume-based indicators, divergences, and classical TA techniques to determine the direction of the squeeze.
• Bollinger also suggests practical advice, based on market psychology: when the majority of traders point in the same direction, it’s usually a good idea to go in the opposite direction.
Trade idea:
• I couldn’t get a directional hint by using indicators. However, since we are in a range with clearly defined support and resistance levels, I will take this trade as a breakout trade.
• Support is 235 USDT. Resistance is 250USDT.
• You can take this trade at the break of the Bollinger band, to either side. Or, you can be more conservative and wait for a support resistance flip.
• The SL is the upper or lower boundary of the Bollinger band.
Bnb Have to face more pain Bnbusdt
In this trading idea, we will be analyzing the current price action of Binance Coin (BNB) on the daily timeframe. The chart suggests that BNB is experiencing a bearish channel, indicating a downward trend in the market.
As you may recall, if you have been following my previous predictions, we successfully forecasted the downfall of BNB when its price was at $302. Since then, the price has declined significantly and currently stands at $239, resulting in substantial profit potential for those who acted on our earlier analysis.
Looking ahead, I remain cautious about BNB's prospects and expect the price to face further downward pressure in the upcoming days. However, it's essential to emphasize that trading and investing involve inherent risks, and markets are subject to volatility. Therefore, I encourage you to conduct your thorough research and consider your risk tolerance before making any trading decisions.
Keep a close eye on the bearish channel formation and other critical indicators to validate your trading strategies. The market can be unpredictable, so it's crucial to stay vigilant and be prepared to adapt to changing conditions.
Remember, this is not financial advice, but rather an idea based on the current chart patterns and technical analysis. Always exercise prudence and make informed decisions in the market. Happy trading and good luck!
BNBUSDT Long ideaBased on my analysis, BNB should start growing from a price of $240. The targets could be $250, $257, and $275. The final target is $275, and the support trend line has now turned into resistance.
⚠️"Daily crypto market analyses I provide are personal opinions & not financial advice. Trading carries risks, so do your own research & seek advisor's help."
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BNB - Head and Shoulders on the 4H TF* BNB is still stuck in a range between 220 – 250 USDT.
* Currently, it looks as if BNB is forming a Head and Shoulders pattern on the 4H TF. The
neckline is at the 242 USDT Level.
* The target for the Head and shoulders is 225 USDT. However, there is a daily demand zone
between 231 – 236. I think it is possible for this demand zone to hold BNB’s price from further
deterioration.
* If you are inclined to short BNB, wait for a retest of the neckline as resistance.
NFA.
What do you think? Please share in the comments.
Best Wishes.
BNB 220$ Is Next + trade Idea• BNB is trading in a range for the past 29 days.
• Range high is 252$, the range low is 220$ and the mid-range is at 235.85$.
• On July 6th BNB dropped below the mid-range and it is currently testing it as resistance. A failure to get back above the mid-range may cause s drop to the range low, maybe lower.
• The only way that I see for BNB to avoid the 220$ is if the market rips higher from now without a correction.
• There are two wicks on the daily chart at the 220$ region. Because BNB failed to generate upwards momentum, I consider a move below these wicks to gather liquidity likely.
• Long term, I think we will look back at this moment as a golden opportunity.
Support Levels:
• 230$
• 220$
• 204$
Resistance Levels:
• 236$
• 252$
Trade Idea:
• Entry: 221$
• SL: 216$
• Target: 256$
• TP: 236$, 257$, Leave some on the table.
• R: R: 1:4 to the first TP.
What do I do with BNB?TLDR:
• Although the bearish pressure on BNB is reduced. It is not yet clear that the downtrend is finished.
• To confirm a trade reversal, I will wait for a long signal from the TTM Squeeze indicator.
Background:
• BNB is in a continuous downtrend since the 17th of April 2023.
• Fundamental news regarding Binance US has exacerbated BNB’s situation and increased the downside momentum.
• Since June 11th selling pressure has somewhat reduced but momentum is still on the downside.
• If we disregard the wicks, in the past 18 days BNB is moving in an 8% price range.
• This high level of compression is displayed by the TTM Squeeze indicator by the orange dot. The orange dot means the highest level of compression (Keltner channel inside the Bollinger band).
Will BNB’s compression lead to a trend reversal?
• The truth is I don’t know. Nobody does; especially not the trading gurus on YT and CT.
• However, I think that liquidity is to the upside, not down. IMO, candle wicks are the footprint of the MM. Wicks could indicate that MMs are building long positions. The only problem is that I cannot negate another quick move down to shake out the traders that already took long positions.
So, what do we do?
We don’t have to do anything. We wait.
Wait For what?
Trend reversal. A long signal.
How will I know that the trend changed?
1. Bullish RSI divergence.
2. The TTM squeeze indicator is a big help in such a situation. Once the TTM Squeeze histogram moves above the zero line and green dots appear, it’s a sign that volatility is returning.
3. I will also look out for a high-volume green candle and a strong price move away from the range.
Next Support levels:
205 USD.
183 USD.
Resistance:
240 USD.
250 USD.
260 USD.
NFA
What do you think? Please share in the comments.
Best wishes.
Fire Sale on BNBOn the 4H TF we can see a Head and Shoulders pattern.
The target of this H&S is the 223 USD support level.
IF the 220 – 223 USD level doesn’t hold, next support levels are:
• 205 USD
• 182 USD
Be sure to take advantage of this opportunity.
I am still not posting a trade. I need more clarity. However, if you are a holder, I think that buying spot BNB at these prices is a golden opportunity to DCA. Start at 223 USD and increase position size if it dips further.
NFA
What do you think? Please share in the comments.
Best wishes to all.
BNB LTF Analysis – 23.06.2023
Yesterday, on June 22nd, BNB failed to break the resistance of 21D EMA and the upper boundary of the Ascending Triangle.
Consequently, it also lost the triangle’s upward sloping trendline. During the Asian session BNB tested the diagonal line resistance.
I am in no way bearish about BNB, but I think that BNB will go a bit lower before it tries for higher. These are my reasons:
Bearish Momentum: BNB is below the 21D & 50D EMAs. As long as BNB is below these EMAs the bearish pressure is pushing price down.
A break below a diagonal support is usually a sign of weakness.
I don’t advocate for trading correlations , but I don’t ignore them either. BTC is looking top heavy, and I expect it to pull back to the 28K level. IMO, BNB in its current state cannot overcome such headwinds.
Lastly, Today is Friday , I expect many long traders to cash in on their longs and retire for the weekend. If this happens, the bearish pressure all over the market will increase and BNB will suffer.
The first sign of a recovery is if BNB reclaims the trendline. If BNB reclaims the trendline and pushes up, the bullish case for BNB will become stronger.
Support Levels:
BNB can reverse. BNB is a strong asset with substantial upside potential. As long as the uptrend in the general crypto market holds, I do not expect BNB to drop below the 220 USD Level. However, if BNB does drop to the 180 USD level, I will go balls deep into BNB spot. IMO, this is the best asset in the Altcoin category.
238 USD (low confidence)
231 USD (medium confidence)
220 USD (high confidence)
#BNB IS READY TO BOUNCE, DON'T MISS THIS OPPORTUNITY😱Binance Coin (BNB) Technical Analysis:
BNB is trading at 278$ which is a strong level of support, we are expecting a good bounce up to the upper level of this symmetrical triangle
and if it breakout this pattern then we can see some good bounce according to the pattern.
we have 353$ and upper resistance of this rising channel 510$ or all-time high
It can offer long-term investors an excellent entry point.
Conclusion:
Overall, technical analysis indicates that Binance Coin (BNB) could expand by 50% or more in the near future, indicating that there is tremendous potential for development in the asset. But like with any investment, you must conduct your own research and base your choices on your personal risk appetite and financial objectives.
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BNBUSDT: Bearish Trend Still Controls the Crypto Market!Price Action Analysis
BNBUSDT has broken out of the double-top pattern. The price is moving below the EMA200 line, confirming a bearish trend. Additionally, an Ascending Broadening Wedge has materialized within this ongoing downtrend. The breakout of the lower trendline further suggests the potential for a downward movement toward the designated target area.
The momentum indicator
The MACD has formed a golden cross before the breakout, signifying a potential downward movement on BNBUSDT.
The roadmap will be invalid after reaching the target/resistance area.
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"Disclaimer: The outlook is only for educational purposes, not a recommendation to put a long or short position on the
BINANCE:BNBUSDT "