BNB Testing Resistance - Bullish Momentum Intact Disclaimer: This is not financial advice. Most traders lose money. Trading in digital assets, including cryptocurrencies, is especially risky and is only for individuals with a high-risk tolerance and the financial ability to sustain losses.by SmolBull0
All Eyes On The Binance Coin, Join At Your Own Expense.BINANCE:BNBUSD Looking at the 1Week timeframe, a more responsible timeframe to start a top down analysis on a cryptocurrency pair, the last long green candle evolves from the last created support leaving a fair value gap behind, thereby making that very support zone a valid one. Filling the gap to the demand zone is just the work of the sellers and can be seen as the pullback. In other words, a lower timeframe is required to see clearly the structures produced by the buyers, ofwhich placing your entry on the last created structure and your stop loss slightly below the higher low minimizes your risk and maximizes the return. An instance on the 4Hr timeframe of BNBUSD, same timeframe where the liquidity is clearly visible as well, when the pullback breaks through the trend line(liquidity) into the demand zone, the uptrend just irresistibly continues until it makes a new higher high.Longby Samchi014
BNBUSD / OVERALL DOWNWARD PRESSURE / 4HBNBUSD / 4H TIME FRAME HELLO TRADERS Current Status , Prices are attempting to stabilize above 585.4 ,If successful, the price is expected to rise towards a supply zone between 605.8 and 619.1. Uptrend Confirmation , For an uptrend to be confirmed, the price must break above the supply zone between 605.8 and 619.1. Downtrend Scenario , If prices break below 585.4, it indicates a likely decline towards a demand zone between 571.8 and 565.5 , To confirm a downtrend, prices would need to break below this demand zone. Range & Direction , The price is currently fluctuating between the supply and demand zones. Breaking either side of this range will help determine the future direction. General Market Sentiment, Despite the analysis of potential movement in both directions, the overall tendency suggests the prices are under downward pressure. Supply Zone : 605.8 and 619.1. Demand Zone : 571.8 and 565.5. Shortby ArinaKarayiUpdated 116
BNB Price Analysis: Potential for Significant GainsBinance Coin (BNB) has recently shown strong upward momentum, reaching $614. This rally has sparked speculation that BNB could rise even further, potentially reaching between $700 and $1,000. Key Factors: 1. Recent Rally: BNB surged to $614, marking a 25.7% gain over three weeks. This is the first time BNB has closed above this level since June 2024. 2. Support and Resistance Levels: Key support levels are around $555, while resistance levels are near $620. Breaking past these levels could indicate significant price movements. 3. Market Sentiment: Positive market sentiment and technical indicators support the possibility of a bullish breakout. Traders believe that BNBβs recent resilience signals that the bullish trend may be just beginning. Potential Risks: 1. Market Volatility: The crypto market is highly volatile, and sudden market downturns could impact BNBβs bullish outlook. 2. Network Activity: A decline in BNB Chainβs DApp volumes and network fees could pose risks to BNBβs price stability. In summary, while Binance Coin shows promising signs of potential gains, itβs crucial to monitor key support and resistance levels and stay updated on market trends.Shortby SaksArno1
BNB - Pump or Dump ?BNB is again fighting again the mega resistance. Will it reclaim it as support, or will we see a big dump ? Not financial advice.Shortby mi_khan0
Will BNB Price Cross $700?BNB price action is currently in a short-term recovery phase, with an ascending triangle pattern forming near the $600 psychological resistance. The altcoin has been consolidating between $464 and the $600 supply zone, with BNB trading at $583 after a 2.91% recovery. BNB is trading above both the 50-day and 200-day EMAs, signaling strength in the price action. The 50% Fibonacci level at $587 acts as immediate resistance, but a bullish engulfing candle suggests an increased likelihood of an overhead breakout. The 50-day and 200-day EMAs show a sideways movement in a positive alignment, giving a neutral trend signal. A bullish crossover in the MACD and signal lines near the resistance level strengthens the chances of a breakout. If BNB breaks out, potential targets are $711 and $863 based on Fibonacci extensions. On the downside, critical support levels include the local trendline and the 23.60% Fibonacci level at $522.Longby Coinpedia-Market-Insight0
BNBUSD View!!Another bullish call for Bitcoin came from JPMorgan, which believes investors are turning toward gold and Bitcoin. β ising geopolitical tensions and the coming election are likely to reinforce the βdebasement tradeβ thus favoring both gold and Bitcoin,β JPMorgan said in a report shared with Cointelegraph.Longby FXBANkthe80551
BNBUSD SELL ANALYSIS RISING WEDGE PATTERNHere on Bnbusd price has form rising wedge pattern and likely to when line 561.9 break so going for SHORT needed with target profit of 548.9 and 535.5 . Use money managementShortby FrankFx14Updated 0
BNB Poised for Wave 5 Surge: A Golden Setup or Last Call to ExitBNB has made a decisive move, breaking its trendline and completing Wave 4 in a classic Elliott Wave triangle. For those new to Elliott Wave Theory, Wave 5 represents the final push in the current trend, typically leading to impressive gains. Currently, Wave 2 of 5 is nearing completion, and this sets the stage for Wave 3 of 5, often the most powerful wave in terms of price action. However, hereβs the critical point: if BNBβs long-term support is decisively broken, thatβs the clear signal to exit. Stay informed on both the opportunity and the risk!Longby cryptechcapital2
BNBUSD: Neutral on 1D but ready to explode.Binance Coin may be neutral on its 1D technical outlook (RSI = 50.922, MACD = 14.240, ADX = 37.132) but this consolidation is a build up to a potential price explosion, as the market tested and held the 1W MA50 in August. This is a similar pattern followed in October 2020 and before that in 2017, which led to the cylical rally to a blow off top. On each Cycle it is logical that the rallies will be shorter (diminishing returns). The first rally covered a full 1.0 Fibonacci range, the second 0.5 and it won't be unrealistic to expect 0.25 this time (50% less each time). Consequently, we expect the 1.75 to be reached this time (TP = 4,500). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##Longby InvestingScope1111
Bearish Reversal Setup for BNBUSD - Targeting Key Support at 472Description: In this daily analysis of BNBUSD, several bearish indicators suggest a potential decline towards the $472 support level: Bearish Divergence on RSI: The RSI is showing bearish divergence, forming lower highs while the price has formed higher highs, indicating weakening momentum and a potential trend reversal. Resistance at $607 - $628: The price is currently facing strong resistance within the $607 - $628 range. This resistance zone has previously acted as a supply area, and the recent rejection indicates that sellers are in control. Double Top and Descending Triangle Formation: The recent price action suggests a potential double top formation around the $620 level, coupled with a descending triangle pattern, which are both bearish signs. Price Target at $472: If the bearish scenario plays out, we can expect the price to move towards the key support at $472, which represents a strong area of demand. Trading Plan: Entry: Consider a short entry if the price breaks below $593 or on a confirmed retest of the resistance zone. Stop-Loss: Set a stop-loss above $628 to manage risk. Target: The primary target is $472, with potential for further movement depending on market conditions. Remember to manage your risk appropriately, as market conditions can change quickly. Disclaimer: This analysis is for educational purposes only and should not be considered financial advice. Always conduct your own research or consult a financial advisor before making trading decisions.Shortby Ayrop-Dev5
Binance Coin - We Will See The Bullish Breakout!Binance Coin ( CRYPTO:BNBUSD ) is hugging the previous all time high: Click chart above to see the detailed analysisππ» Binance Coin has been hugging the previous all time high resistance for a couple of months in a row. Therefore it is quite likely that a bullish breakout will happen soon and following the previous pattern entry, Binance Coin could even hit 5 digits during the next crypto bullrun. Levels to watch: $620, 20.000 Keep your long term vision, Philip (BasicTrading)Long03:37by basictradingtv11
ANTICIPATING TRADEAnticipated trade, by applying following trading strategy:- 1. Bullish trend 2. Bearish divergence 3. No continuation pattern 4. No reversal pattern 5. Bearish butterfly harmonics Anticipated bearish divergence and initiated two trades by using sell stop Shortby akyzai71334
BNBUSD View!!The cryptocurrency landscape is rapidly evolving, with new trends emerging and key players constantly shifting their strategies. Two tokens currently gaining attention are Binance Coin (BNB) and GoodEgg (GEGG), an AI-powered dating platform token. Binance whales, known for their significant influence on the market, are now taking positions in GoodEgg (GEGG), signaling confidence in the future growth of this innovative cryptocurrency.CZβs Release: A Catalyst for Binance Coin (BNB)Shortby FXBANkthe80551
BNBUSD- Traingle break outIntraday bias - Bullish Horizontal trend line- $605 Any close above $520 confirms intraday bullishness. Indicators ( Hourly chart) Directional movement index -Bullish CCI (50)- Bullish CCI(14)- Bullish It is good to buy on dips around $500 with SL around $470 for TP of $605. Longby FxWirePro225
[Crypto Currency] The forecasting of price movement of BNBUSD The forecasting of price movement of BNBUSD on Sept 08th, 2024 Longby vnforecaster3
BNB crash -30%I looked at the situation on the 2w chart and the memory image reminded me of something. And what I remembered will be added to the chart. The details of the waves are similar ***This could be wrong*** MDShortby MoralDiscipleUpdated 225
BNBUSD more consolidation but long-term cyclically targets $2000Binance Coin (BNBUSD) has been in Accumulation Mode since early March (March 11 1W candle), trading sideways within initially the Mayer Multiple Bands (MMB) Mean (black trend-line) and the 1st SD above (grey trend-line) and more recently the latter and the 1W MA50 (blue trend-line). With reference to the 1W MA50 in particular, not only has it been the support since the late December 2023 bullish break-out but was successfully tested and held on the most recent pull-back, the August 05 Low. This solidifies its position as the Support throughout the remainder of the Bull Cycle, which was in fact also the case during the previous Cycle where BNB had the final accumulation phase (blue ellipse) from September to December 2020, again within the same MMB - 1W MA50 zone, which initiated the most aggressive part of the Cycle (parabolic rally). That rally peaked on the MM 3rd SD above (red trend-line) so a $2000 price tag, which will 'only' come close to the 2nd SD (orange trend-line), appears to be a realistic Target. In addition, the Sine Waves serve as an excellent tool in roughly estimating the timing of the Cycle's peak, as it was very efficient during the previous two Cycles. That could be anywhere around June 2025. ------------------------------------------------------------------------------- ** Please LIKE π, FOLLOW β , SHARE π and COMMENT β if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- πΈπΈπΈπΈπΈπΈ π π π π π πby TradingShot20
BNBUSD / TRADING BETWEEN TURNING LEVEL SUPPORT LEVEL - 4HBNBUSD / 4H TIME FRAME The overall trend is downward , until trading below turning level at 526.4 . the current technical indicators suggest that BNBUSD is facing downward pressure as long as the price remains below 526.4. This level acts as a resistance, preventing any significant upward movement. The continued decline towards 502.1 is supported by bearish momentum, which is likely to persist if the price stays under 526.4. If a 4-hour candle closes below 502.1, it would confirm the strength of the downtrend, potentially driving the price down further to 472.0. This level could serve as a key support, but if broken, it may lead to a deeper decline. Conversely, if the price breaks above 526.4 and stabilizes, it would indicate a shift in momentum, favoring a potential upward movement. The next targets would be 544.9 and 556.6, where 556.6 acts as a significant resistance. To confirm a true uptrend, breaking and holding above 556.6 would be crucial, as it would signal strong bullish sentiment and a possible continuation of the upward trajectory. KEY LEVELS : TURNING LEVEL : 526.4 . RESISTANCE LEVELS : 544.9 , 556.6 . SUPPORT LEVELS : 502.1 , 472.0 .Shortby ArinaKarayi9
BNB Ready to Soar: Is A 24% Take-off Ahead?It might be early days, and the levels might not be perfect, but it appears that Binance Coin is forming an inverse head and shoulders pattern. Other coins, like Super and Phantom, are creating similar horizontal patterns, which typically provide better trade opportunities than breaches trend lines or moving averages. In addition, as we move into the fall in the Northern Hemisphere, we can expect trending markets to resume. It may take a few days to weeks for the right shoulders to form, but if a breakout occurs with the price breaking above $603, it could reach as high as $747, based on the current pattern. This content is not directed to residents of the EU or UK. Any opinions, news, research, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. ThinkMarkets will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.by ThinkMarkets9
BNBUSD ( BREAKOUT THE CHANNEL ) ( 4H )BNBUSD HELLO TRADERS Tendency , the price is under bullish pressure , after breakout the channel . Turning Level: The price is currently trading above this level around 512.2 . As long as it remains stable and stays above this level, a rising toward the resistance level (1) is likely . However, if the price breaks under this level and a 4-hour candle closes below it, an downward move toward the support level (1) can be expected. support Level (1) : around 488.2 , The price is currently above turning level . To reach this level, the price needs to break and close a four-hour candle below the turning level at 512.2 . If the price reaches 488.2 , and stabilizes below it, it will likely attempt to reach support level (2) . support Level (2): When the price breaks through support Level (1) and closes a 4-hour candle below it, this suggests it could reach around 468.1 . To confirm an downward , the price needs to reach this level before moving on to support Level (3) at 431.1 . Resistance Level (1): As long as the price remains above the turning level of 512.2 , it suggests a rising towards 556.2 . If the price reaches this level and stabilizing above it, it will likely attempt to reach resistance Level (2). Resistance Level (2): When the price breaks through resistance level (1) and closes a 4-hour candle above it, this suggests it could reach around 582.9 . To confirm an uptrend , the price needs to reach this level before climb on to resistance Level (3) at 605.8 . Channel Trend: the trading rate within the descending channel . TARGET LEVEL : RESISTANCE LEVEL : 556.2 , 582.9 , 605.8 . SUPPORT LEVEL : 488.2 , 468.1 , 431.1 . Longby ArinaKarayiUpdated 2218
BNBUSD BUY TREND LINE SIGNAL On Bnbusd price has been in uptrend and and still moving up and has made a support around area of 576.6 so there is chance of moving up more and going for LONG is needed and targeting profit should be around level of 598.0 .Use money managementLongby FrankFx146
Final Warning! Binance Coin Crash ImminentGood morning my fellow trader... The title says it all! I hope you are feeling wonderful today and tomorrow as well. I hope that you had a nice day yesterday and that your week is filled with success. Indeed... We can be successful in this business if we know what is going to happen before it happens... Don't you think? I do! β Support is now lost. This is one of those "big altcoin projects." π This is the biggest altcoin in some ways... Billions upon billions in market capitalization; this is great. Money will flow from this project to the smaller projects, it is a win-win-win-win situation... The market moves cycles; nothing more, nothing less. This is just a friendly reminder; prepare for the crash . Remember, you are Divine. You are appreciated... You are eternal... You can never die. Namaste.Shortby AlanSantanaUpdated 8846