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BNBUSD trade ideas

BNB Setup For Bull RunRight now BNB is a coin that reminds me a lot of the Bitcoin Cash chart just before it broke the 200 daily MA and exploded 200% in price days ago. The market structure is eerily similar to the year long accumulation BCH went through and like a tender smoked roast, BCH cooked on low and slow for a whole year boring traders to sleep before BOOM, a break above the 200 daily MA happened and the rest is now history. BNB has that same year long low and slow market structure currently but has not broken its 200 yet. It is still quietly in accumulation (possibly) but looks primed for a markup in price soon. Also, Bnb's weekly is attempting to put in a double bottom at a nice 88.6% fib retracement. That being AFTER it made a 100% retrace just over a year ago to date. A target of around 385 seems fair if and only if this 244 level holds on the weekly which is no gaurantee due to alt coins being so illuiquid in comparison to btc and eth. A true stop loss would be just below 184 but a tight stop loss below 220 is fine and maybe even wise. A run to 385 would equal a +50% move in price.
BINANCE:BNBUSDLong
by TradeVibez
BNB Binance Coin BearishDaily Bearish Weekly Bearish Bearish Sentiment 93% POC analysis:earish Volume Bearish RSI Bearish Stochastic Bearish MACD Bearish Resistance Supports See on the Chart According to current Binance Coin price prediction, the value of Binance Coin is predicted to drop by -14.33% and reach $ 208.93 by July 11, 2023. According to our technical indicators, the current sentiment is Bearish while the Fear & Greed Index is showing 56 (Greed). Binance Coin recorded 13/30 (43%) green days with 4.33% price volatility over the last 30 days. Based on our Binance Coin forecast, it's now a bad time to buy Binance Coin. Current Price $ 239.26 14-Day RSI 42.46 Based on data from July 06, 2023 at 11:03, the general Binance Coin price prediction sentiment is bearish , with 2 technical analysis indicators signaling bullish signals, and 27 signaling bearish signals. Binance Coin is currently trading below the 200-day simple moving average (SMA). The 200-day SMA has been signaling SELL for the last 33 days, since Jun 02, 2023. The price of Binance Coin is currently below the 50-day SMA and this indicator has been signaling SELL for the last 59 days, since May 07, 2023. The most recent Death Cross in the Bitcoin market happened 25 days ago, on Jun 11, 2023. Meanwhile, a Golden Cross last occurred on Feb 09, 2023, which was 147 days ago. Based on our technical indicators, Binance Coin's 200-day SMA will drop in the next month and will hit $ 288.44 by Aug 05, 2023. Binance Coin's short-term 50-Day SMA is estimated to hit $ 221.70 by Aug 05, 2023. The Relative Strength Index (RSI) momentum oscillator is a popular indicator that signals whether a cryptocurrency is oversold (below 30) or overbought (above 70). Currently, the RSI value is at 42.46, which indicates that the BNB market is in a neutral position. Daily Simple Moving Average (SMA) Period Value Action SMA 3 $ 243.18 SELL SMA 5 $ 244.69 SELL SMA 10 $ 240.42 SELL SMA 21 $ 241.98 SELL SMA 50 $ 269.75 SELL SMA 100 $ 295.26 SELL SMA 200 $ 295.30 SELL Daily Exponential Moving Average (EMA) Period Value Action EMA 3 $ 240.46 SELL EMA 5 $ 242.24 SELL EMA 10 $ 242.22 SELL EMA 21 $ 244.95 SELL EMA 50 $ 262.90 SELL EMA 100 $ 280.66 SELL EMA 200 $ 291.25 SELL Weekly Exponential Moving Average (EMA) Period Value Action EMA 21 $ 282.41 SELL EMA 50 $ 297.54 SELL EMA 100 $ 297.21 SELL EMA 200 $ 248.96 SELL Binance Coin Price Forecast Date Price Change Jul 7, 2023 $ 245.89 0.82% Jul 8, 2023 $ 227.94 -6.54% Jul 9, 2023 $ 230.03 -5.68% Jul 10, 2023 $ 210.99 -13.49% Jul 11, 2023 $ 208.93 -14.33% Jul 12, 2023 $ 199.67 -18.13% Jul 13, 2023 $ 206.97 -15.14% Jul 14, 2023 $ 213.53 -12.45% Jul 15, 2023 $ 202.24 -17.08% Jul 16, 2023 $ 203.15 -16.70% Jul 17, 2023 $ 208.93 -14.33% Jul 18, 2023 $ 208.54 -14.49% Jul 19, 2023 $ 207.74 -14.82% Jul 20, 2023 $ 207.17 -15.05% Jul 21, 2023 $ 215.68 -11.57% Jul 22, 2023 $ 214.99 -11.85% Jul 23, 2023 $ 206.75 -15.23% Jul 24, 2023 $ 209.78 -13.98% Jul 25, 2023 $ 202.35 -17.03% Jul 26, 2023 $ 199.03 -18.39% Jul 27, 2023 $ 200.26 -17.89% Jul 28, 2023 $ 197.65 -18.96% Jul 29, 2023 $ 194.74 -20.15% Jul 30, 2023 $ 198.72 -18.52% Jul 31, 2023 $ 201.77 -17.27% Aug 1, 2023 $ 204.77 -16.04% Aug 2, 2023 $ 206.81 -15.20% Aug 3, 2023 $ 206.69 -15.25% Aug 4, 2023 $ 204.75 -16.05% Aug 5, 2023 $ 201.98 -17.18%
CAPITALCOM:BNBUSDShort
by DaveBrascoFX
51
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
BNB Possible Double Bottom Trading PlanTLDR: • BNB is on the verge of breaking out the range high in a possible Double bottom reversal. • Above the range high is a supply zone between 256 – 266 USD. • I consider this supply zone as another layer of resistance. • Wait for a retest of the range high as support and for green dots on the TTM Squeeze indicator before betting the farm on BNB. Background: • Between the 5th of June and the June 12th BNB lost 30% of its dollar value. • On June 12th, BNB reached the selling climax and set the range low at 220$. • On June 13th and 14th BNB rallied to make the range high at 252$. • On June 28th, BNB tested the range low as support. • Until today BNB wasn’t able to successfully break out of the range. Supply Zones: • BNB’s downward move was in a “drop, base, drop” pattern. This pattern created two supply zones above the range high. • The first supply zone is between 256 -263 USD. • The second Supply zone is between 274 -281 USD. • Until these supply zones are exhausted BNB’s uptrend can be challenged. Double Bottom Pattern: • A double Bottom is a bullish reversal pattern. • The double bottom is confirmed only after a break above the neckline. • It is not clear yet if we are in a range or in a double bottom. However, it makes no difference as far as the trading plan is concerned. Trading plan: • I am writing this trading plan assuming that we do have a double bottom and that BNB will break above the range high. If the breakout fails, I will look for another entry and update you. • Pay attention to the supply zone just above the range high. This supply zone will create bearish pressure on BNB and may push the price down, possibly below the range high. • Don’t buy the breakout. Buy the retest of the range high as support. • Take profit or move your SL before the second supply zone between 273 – 280 USD. • You mnust look at the volume candles to verify the breakout. A breakout on low volume is, most likely, doomed from the beginning. • You can use the TTM squeeze indicator (by Beardy_Fred) as confluence. Wait for the green dots as a sign that volatility is back. However, this is a lagging indicator. To make the best use of this indicator, check the LTF. Trade Idea: • Entry: 252 USD (only after a retest and green dot) • SL: 243 USD • Target: 308 USD • R: R: 1:5 • TP: 273, 208 NFA What do you think? Please share in the comments. Best wishes.
BINANCE:BNBUSD.PLong
by NewThoughtCrypto
BNB Potentially Down -70%Watching BNB for quite some time now waiting for the coin to drop. Not because I have anything against Binance. It's just the only major coin that hasn't fallen to its lustrum current: That tells me it's being artificially inflated. Great opportunity to look for shorting opportunities. Now is the first time I can see multiple signs that now may be the time: Low Tide Signal High tides (H) show when there is upward pressure. Low tides (L) during downtrends. BNB is showing the first L since September '19. Back then, the price fell -33%. Ebb Flow Confirmed Flow indicated back in March '23 that liquidity was falling (Ebb). We got a short-term bounce in April, then a dip in May; both confirmed. The bounce in June was short lived (so far, at least). Topping Candles Just for good measure, we can see that Energy is showing topping markers indicating resistance. Season (Almost) Crossing Year The coup de grâce is the seasonal average about to cross the yearly. This usually coincides with about a -50% drop in BNB -- and by usually I mean 100% of the time. So that's my two cents and I'll be shorting BNB for the next while. I'd love to hear what you're seeing.
BINANCE:BNBUSDShort
by sacredprofit
1
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
Crypto capitulation eventThis is the capitulation event for crypto that I was waiting for. My previous Bitcoin idea and target are still valid, anyone long right now is going to get wiped out by the crash of Binance coin. I’m currently short. I also shorted Bitcoin and sold most of my alts here. If wrong then I will buy back higher on bullish structures. Even with the massive pump Bitcoin had here, Binance coin wasn’t able to invalidate the bearish structure. Absolutely terrible performance. Binance is still being sued, BNB is being artificially pumped by “someone’s” creative syphoning of client money. “Allegedly”. This pump was extremely profitable for me on my alts, an absolute lifesaver of a hedge. Sold most, will use profits to buy lower.
BINANCE:BNBUSDShort
by JaimeDeRothschild
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 LTF Long Trade BNB broke out of the Ascending Triangle to the upside. It is currently testing the 253 USD level for support. If BNB manages to flip 253 to support, it is a long trade, IMO. If BNB doesn’t manage to break out, I think we will go lower to around 246 USD and try again from there. If it breaks down from the triangle, I will reassess the situation. Read my previous BNB ideas for more context. NFA What do you think? Please share in the comments. Best wishes to all.
BINANCE:BNBUSD.PLong
by NewThoughtCrypto
BNB LTF Analysis BNB is moving in an Ascending Triangle. BNB managed to get above the 21 & 50 EMAs on the 4H. The area between 253 – 267 is strong resistance. Above 267, the risk of a breakdown is much reduced. IF BNB fails to break through resistance the next supports are: 238 USD. 231 USD. 220 USD. In my opinion, BNB’s outlook is positive, and I do not think it is likely to drop below the 220$ level. NFA. What do you think? Please share in the comments. Best wishes to all.
BINANCE:BNBUSD.PLong
by NewThoughtCrypto
BNB 4HWith all the news surrounding Binance and its SEC battle that lay ahead I thought I'd look at a potential BNB trade. We've seen the coin drop from the $300 mark in a pattern of huge sell off followed by consolidation, then sell off again until we've reached the ascending triangle pattern I have shown on the chart. This pattern is very close to breaking down and I think will result in a retest of the Local low that was set at the end of last year and was briefly tagged recently on June 12th. There is a clear range that can be split into quarters to help mange this trade. If the triangle pattern is lost, the midpoint will need to provide support, if it does not BNB will retest the $220 in my opinion. From there $180 is the last chance at support as it's nothing but air after that, BNB will be in freefall. On the bullish side all this downwards price action has left a lot of inefficiencies in price that will eventually be revisited, I just don't think it will be soon given the outside forces acting upon the coin. If BTC has a huge rally from here that's BNB's only hope.
BINANCE:BNBUSDShort
by ProR35
✴️ Binance Coin Likely To RecoverBinance Coin is in the TOP10 and we can use it to gauge the strength of the market. If BNB recovers, the rest is set to recover. What one does, the rest follows. Since Binance is the one receiving the strongest attack, we will call it karma and leave it at that, if it can recover then the easier it is for the rest to recover. As others are being attacked but not as strong. We have a double bottom here, June 2023 vs December 2022, technically. The June low is actually a few cents higher while the RSI went to oversold; a hidden bullish divergence. Yes they are under attack, but an attack is not the end of the world. Look at BitMEX for example, it was attacked but it survived. They might have to wind down, maybe even stop some of their scam schemes... who knows, but an attack is not the end of the world. Cryptocurrency is about freedom and decentralization. The market can become too centralized at times. Whatever is happening is bound to turn into a positive in the long-run. Binance, you reap what you sow. Good luck with your battle. You will survive, that's for sure. Namaste.
BINANCE:BNBUSDLong
by AlanSantana
BNBUSD Is there any salvation for the Binance Coin?The Binance Coin / BNBUSD had a week of enormous selling pressure last week, touching on Monday Support A (220.00), that was formed on the December 17th Low. This is a strong long term buy opportunity. Target initially Resistance A at 318.00 and by the end of August Resistance B at 350.00. As shown, the primary pattern is a Rectangle. If the price closes under Support A, target Support B at 194.00 on the short term. However given how emormously oversold the 1day RSI got (at 15.00) on Monday, this is unlikely. Still that would be an ever better long term buy opportunity. Follow us, like the idea and leave a comment below!!
CRYPTO:BNBUSDLong
by TheCryptagon
4