BNBI envision a target for BNB at the marked spot, but it would be better suited to the bottom of the support.
BNBBULLUSD trade ideas
Binance Coin (BNB) -> Another 500% RallyMy name is Philip, I am a German swing-trader with 4+ years of trading experience and I only trade stocks , crypto , options and indices 🖥️
I only focus on the higher timeframes because this allows me to massively capitalize on the major market swings and cycles without getting caught up in the short term noise.
This is how you build real long term wealth!
In today's anaylsis I want to take a look at the bigger picture on Binance Coin .
You can perfectly see that Binance Coin is forming quite strong support at the psychological $200 level from which we already saw multiple bullish rejections.
However since Binance Coin is approaching this level with lower highs, I am personally waiting for a breakout of the current bullish continuation triangle pattern.
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I know that this is a quite simple trading approach but over the past 4 years I've realized that simplicity and consistency are much more important than any trading strategy.
Keep the long term vision🫡
Binance Coin -> Massive Risk To RewardMy name is Philip, I am a German swing-trader with 4+ years of trading experience and I only focus on price action and market structure 🖥️
I am trading the higher timeframes because this allows me to massively capitalize on the major market swings and cycles without getting caught up in the short term noise.
This is how you build real long term wealth!
In today's anaylsis I want to take a look at the bigger picture on Binance Coin.
After the solid break and retest in June of 2020 Binance Coin followed the crypto bullrun and pumped more than 5.000% towards the upside. With the recent -70% correction Binance Coin is forming a triangle pattern and if we see a breakout I do expect a massive pump again.
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When the market moves where, and how, and if - these are all unknown.
The only thing which you can control is your risk.
- Philip Basic Trading -
Keep the long term vision🫡
Binance coin could dive hardFor 2 months now, Binance coin has been trading in a 10% range between 205 and 225.
The coin looks without any power and, considering the problems from Binance, we could expect a break of the support on which the coin is standing now.
In such a case, BNB could dive hard towards 140,
180 low from mid-June last year could also offer interim support
I'm bearish this coin as long as the price stays under 225 on a daily bases close
BNB to 2000$As you can see we have 2 very similar fractals in previous cycle and cycle before that which lead the price to bottom; we also had Rsi extremely oversold for both which I appointed them in red circles , from the cycle bottom to the start of climbing took 68 bars which we currently at it , as you can see we have a similarity in Rsi aswell , some other criteria made me get to this conclusion which you can check in previous TAs ; BNB is a good project and its necessary to be in every basket; my target is somewhere around 2000$ for the end of 2024 .
Stay safe fam
Will BNB cross $220?Falling Wedge: BNB shows a falling wedge breakout in the daily chart.
Resistance Zone: Sellers are dominating the $219-$220 mark.
Potential for $250: A breakout above $220 could lead BNB to $250.
Recent Decline: BNB has fallen 41% between April and September 2023.
50-Day EMA: The declining 50-day EMA is supporting the bearish trend.
Double Top: A potential double top pattern is forming at $219.
Current Price: BNB is trading at $212 with an intraday fall of 0.56%.
Bearish Neckline: A bearish pattern could complete with a neckline at $206-205.
Psychological Mark: $200 is a crucial psychological level.
Technical Indicators: The ADX line is falling sharply, indicating loss of momentum.
Bearish Crossover: DI lines are showing a potential bearish crossover.
Flip Side: A downtrend could take BNB to new lows, with key supports at $180 and $150.
BNBusdtBullish engulfing on the 1weekly time-frame in the old bid zone..
Some bullish news for the binance sec case coming soon?
BNB Chart AnalysisContext: BNB is the only crypto chart
which "only" dropped approx. 74% from its ATH in 2021...
The entire crypto space has been bleeding out, but BNB
has been hovering around up there.
Why should it drop down to $43.20?
Because the chart says so, that's all I care about.
What needs to happen for that drop? I don't know, but
I have a theory. Binance holds large sums of USDT.
USDT is not completely backed by USD 1:1.
Once that comes out, people will withdraw their money
out of USDT causing it to go down.
We are talking about billions of dollars.
Binance will go down with it.
The chart couldn't be more obvious.
One Leg Downside After Big Move??Greetings everyone,
I hope you've had a productive week with successful trades. I wanted to share some of my ideas on the Elliott Wave Principle. It's crucial to make informed decisions and exercise patience in all transactions.
As per a quote from (J.F.), a professional analyst of the Elliott wave principle, amateur traders tend to focus on the possibilities that may happen while professional traders focus on the possibilities of what is happening.
My recommendation is to bear in mind that, after making a trade, the primary responsibility of the trader is to minimize risk, eliminate it, and ultimately preserve the profits earned.
Thank you for your continued support, and I'm excited to continue our journey together.
Sincerely,
Will BNB Cross $250 With This New Bull Trend?BNB showcases a breakout from its falling wedge pattern.
It rebounded from the $200 mark.
Potential to approach the $230 resistance to reverse its downtrend.
BNB failed to surpass $350 in 2023, leading to a drop to $200.
The price is currently $216.60, with a slight intraday decline.
Recent price actions display a double-bottom reversal.
Resistance is noted from the 50-day EMA.
Bullish trends are evident from MACD and RSI indicators.
BNB might aim for the $250 mark post surpassing $230.
A decline might challenge the falling wedge pattern's foundational support.
2023 Showdown: Can Binance Coin Hold the $200 LineHello traders and investors! If you appreciate our charts, give us a quick 💜💜.
A remarkable similarity between the current Weekly chart of BinanceCoin ( BINANCE:BNBUSD ) and the 2018-2019 market has become evident. It's as if we're witnessing a large fractal pattern unfolding before our eyes. However, as we stand on the brink of 2023, there's a critical juncture approaching - the $200 support level for $BNBUSD.
When we examine this fractal in the context of 2018-2019, it suggests a scenario where the price could potentially break down, possibly leading to a significant 50% decline to approximately the $100 level.
This pivotal moment at the $200 support level warrants our keen attention, as it could have substantial implications for the future direction of BinanceCoin. The echoes of the past are compelling, and it's essential for traders and investors to stay vigilant and monitor this unfolding pattern closely.
BnB Has Completed The Double Top Target and Now You Can Buy BnB Has Completed The Double Top Target and You Can Now Buy The Triple Bottom With Manual Stop-Loss
BnB in The Buy Zone With Stop Guide, Good Luck
My position on BNBUSD BNBUSD is at a major level. Watch for price action around this area. If this level holds, the price will bounce but if it doesn't, we can expect further downside movement.
Will BNB Price Breakout To Cross $260?BNB displays a downtrend with bearish breakdowns of consolidation.
Binance faces resistance from a longstanding trendline.
A breakout from the trendline or range is expected to lead to a recovery rally in BNB.
BNB price dropped below the $300 mark and currently oscillates between $200-$230.
Multiple bearish forces led to a price drop to $215, which is a 38% fall in five months.
After a 6% drop in late August, there's a maintained sideways trend.
Buying pressure is evident slightly above the $200 mark.
Technical indicators like MACD and RSI support the demand at $200 and hint at bullish divergence.
If buyers break above the resistance trendline, the BNB price could surge past $230 and head to $260.
A close below $200 would be a bearish indication, potentially dropping the price to $185.
Further downward pressure possibleBNB is looking to break further down, currently on the LTF it it looking like a bear flag continuation, before the big leg down possibly!
BNB price will collapse back to the $50 level in...Binance is on the verge of a complete and utter collapse. Much like the Luna collapse and the demise of FTX, Binance will be following in the footsteps of the aforementioned crypto scams. BinanceUSD will go to near ZERO as well. I firmly believe that Binance will go down as the biggest fraud in crypto for decades.
Avoid it like the plague!
I will be shorting this worthless ponzi scheme into the ground!
BNB 2days/candle Binance Ponzi 50% correction🔸Hello traders, let's review the daily price chart for BNB today. Prior strong downtrend
conditions then compression into rising wedge in downtrend signals further losses.
🔸BNB CZ took down FTX previously, however as a domino effect now Binance is
under heavy scrutiny by global regulators and SEC in US. Things are not looking good
for Binance and the Ponzi BNB token, previously artificially inflated by CZ/Binance
manipulations is under heavy sell side pressure. expecting 50% correction.
🔸Recommended strategy for BNB/Binance bears: Short the Ponzi token at market,
after breakdown of rising wedge we are hanging by a thread near 200/220 USD, once
this final S/R is broken, free fall mode until 130/140 USD, expecting a waterfall dump
and deflation of the artificially propped ponzi BNB. final TP bears is 130/140 USD.
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BNB Short-Term Vision !Hello Guys 🙌
Let me tell you something clearly.
it's not financial advice. it's just my vision of the chart of BNB.USD
I wanna share this vision with you. That's all.
Please read it carefully and tell me what you think.
As you see the main trend is still bearish. because we are under the Komo cloud.
The price is far from Kijun-sen.
As we know the price is so eager to be close to Kijun-sen and because of slowing movement In Kijun-sen, the price should be waiting to reach Kijun-sen.
So, we can expect to reach the price of 225-230 USD and then the next scenario will be activated.
So after that, we have to wait for a negative switch between Tenken-sen and Kijun-sen which can lead to further drops.
I specified the short-term target. after breaking the triangle to the price we expect to move. we have two targets. the first one is a Yellow arrow and the second one is a Red arrow. (The last swing)
The main support Zone of around 180-185 USD is everything for Binance coin. I hope Binance Coin never loses this zone. if the price loses that, everything will change for Binance coin and all the market.
Do you agree with me?
do you think Binance coin will lose the main support one and drop?
please do not forget to Like, share, and write your comments below the link.
I'm so eager to know what you think.
and what's your favorite movement in Binance coin?
Share your thoughts in the comments 🙏
Don't Forget To Push The Boost (Like) Button and Follow Me for more!
Best Regards , Ho3ein.mnD
BNB Binance Coin (Long Term)Hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions. I suggest you keep this pair on your watch list and see if the rules of your strategy are satisfied.
Today I want to talk about BNBUSD
Before that, I want to remember It's not financial advice.
I'm just sharing my view and opinion of the chart. Please do your own research.
As seen on the chart The price is in the Support zone and I expect the price to react to this support again. But if the price loses this support zone everything will be difficult and the situation will be changed.
This causes a drop in the market, which, as you know, can lead to a FUD in the market. so I expect we lose the first support zone at around 185 USD and move to 60-70 USD and if the second support zone one cannot support correctly the last support is almost 30 USD It's a fabulous zone to buy and Hold BNB for a long time.
We will never see this price anymore. In other words, I have to say BNB has a very high target in a bull market. Buy BNB and Enjoy
Please like, follow, share, and comment if you enjoy this Idea, Also share your ideas and charts in the comments.
Wish you health and wealth.
I hope you will fulfill your ambitions.
Sincerely Yours
📈 Crypto Update: BNBUSD Analysis! Brace for BNB Correction? 📉A correction is anticipated for BINANCE:BNBUSDT , with a potential target of up to $275. The trend for BINANCE:BNBUSDT is bearish, and if it fails to surpass $275, it becomes a selling point with a target of $38. However, if BINANCE:BNBUSDT surpasses $275, its initial target becomes $316.
Short BNBRange within Range potential daily bullish divergence forming. A diagnoal trend line is being respected T1 range low then T2 daily range low is the next target. Clear invalidation breakout and reclaim diagonal. there is a potential of a pullback since we are trading at RSI oversold.
BNB to 50$/// Market crash soon /// The next level for BNB can be 50$. This will crash all crypto market.
