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BNBUSDTPERP

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.
BINANCE:BNBUSD.PShort
by NewThoughtCrypto
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.
BINANCE:BNBUSD.P
by NewThoughtCrypto
2
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.
BINANCE:BNBUSD.P
by NewThoughtCrypto
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.
BINANCE:BNBUSD.PLong
by NewThoughtCrypto
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)
BINANCE:BNBUSD.P
by NewThoughtCrypto
2
#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. For more Quality Charts Analysis, follow us. I'm grateful.
Long
by CRYPTOMOJO_TA
2
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. Support the channel by smashing the rocket button and sharing your opinions in the comment below! "Disclaimer: The outlook is only for educational purposes, not a recommendation to put a long or short position on the BINANCE:BNBUSDT "
Short
by financialfreedomgoals101
BNB Snipper Entry#BNB bounced back Excatly from my Daily Trend line. According to this it has done with retracement. We can try a Snipper entry with Stoploss just 1.38%. Welcome to my channel! Here you'll find daily technical analysis of the latest trends in the crypto market. From Bitcoin to altcoins, I'll be sharing my insights and predictions to help you make informed decisions about your investments. Follow me for the latest updates and join the conversation in the comments! Crypto technical analysis uses past price history to predict future price. It's not a guarantee and shouldn't be relied on solely for investment decisions. Consider other factors such as market trends, economic strength and information dissemination. Use with caution.
Long
by MoonTradingForecast