BNBUSD trade ideas
Binance Coin - Is the rally already over?Hello Traders and Investors, today I will take a look at Binance Coin .
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Explanation of my video analysis:
Binance Coin is currently clearly retesting a major resistance at the previous $700 level which was also the all time high of Binance Coin. Since we did not see a break above yet, there is simply a higher chance that we will see a (short term) move lower. If you are not in a position on BNB yet, you can potentially use this anticipated drop to enter a fresh trade.
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Keep your long term vision,
Philip (BasicTrading)
BNB's Pennant FormationBNB's pennant has been breached to the upside. Will the re-test confirm the move?
Potential Ascending TriangleConsolidation range suggestive of ascending triangle or abstract inverted head and shoulders
entry: accum when confident, add on breakout
exit: 1.618 + measured move 711-771
stop loss: support breach 560
NFA
Binance : 2 months consolidation breakout
- 2 months+ base with drying volume
- base formation on 10 weeks EMA line
- first range expansion after a consolidation
BNB/USD The entire primary trend.Logarithm. Time frame 1 month. Idea for understanding the main trend, secondary trends. Zones of accumulation and distribution of this asset of the most liquid and popular exchange (this is the main thing, the direction of thinking of the masses on a scale). Setting trends in the crypto market.
This is how the trend of this crypto coin with its own blockchain of the Binance exchange looks like on a line chart.
Potential news background in the future under the chart for price direction.
1️⃣Manipulation with the price of which (influence on the exchange and the turnover of billions) can very significantly affect the market as a whole, especially when the SEC announces that this cryptocurrency of this exchange is "outlawed" and is a "security" (the scenario of "probing the reaction" has already been launched in March 2023 for local corrections) or similar nonsense.
2️⃣Also remember the competition between the two superpowers, China and the United States, they will alternately supply each other with spokes in the wheels, as well as local news springboards for themselves (the race to monopolize and control cryptocurrencies, taxing, and so on).
Percentage decline from price peak. Liquidity. The game is good/bad.
Notice the % reduction. It has been preserved (liquidity, trust, suggestion) unlike other exchange tokens due to the good/bad play between the Binance (BNB) and FTX (FTT) exchanges. The sinking of the latter, and the redirection of financial crypto flows to the Binance (BNB) exchange from other exchanges (direct marketing about the reliability and unreliability of others, the disclosure (that's right) of some exchange wallets with large balances (the largest in the cryptocurrency market).
Decentralization or centralization? State. Supervision. The right to create money out of nothing.
It's all pre-planned game, it's not an accident. Think about how the state and the digitalization process in general are connected with this. After all, such billions of dollars of financial flows to liquid exchanges, as well as the control of USDT / USDC (and other small stablecoins) cannot be outside state supervision. Who thinks otherwise I feel sorry for you in the future. Think about what would happen if the "state" gave the right to create money out of nothing to someone else. Is it possible? I think no. Is it a mimicry of new experimental trends to improve the financial system. And it is right.
📊Technical analysis. Secondary trend. Zones of accumulation and distribution.
Look first at the monthly time frame (publication), then below the local area chart (weekly time frame, less makes no sense).
Please note that the price is now at the lower zone of the ascending channel, there is a small "drop-out" from the channel on the monthly time frame (this is important). A flat with a % step between levels 218 - 327 has been going on for 14 months (426 days!). Now the price is near the lower zone of this flat trend (1311% of the average price of the previous set, not a minimum). What do you think, gentlemen, is this accumulation or distribution?).
📊Technical analysis. Local reversal zone . Candles. Time frame 1 week.
📊Technical analysis. Local reversal zone . Linear (to show the trend). Time frame 1 week.
👁 Coronavirus. Super dump 03 2020
I would like to turn your attention to the time of the March 2020 corona dump. Here, the logic is very clearly visible on the chart of this exchange coin (direction of financial flows, creation of liquidity, development of the exchange, attraction of new users). Long-term accumulation and super removal in the moment. Removal of all stop-loss under the accumulation zone at the moment by a huge percentage. Continuation of the set after that (I remember at that moment everyone was waiting for a further decline in the market, psychology).
This is how this super dump looks on a line chart and is irrelevant from the position of the general trend. No matter how scary it was for some market participants at the moment.
Always remember this and be prepared, whether you believe it will happen or not.
📊BNB/BTC. Technical analysis. Reversal zone . Candles. Time frame 1 month.
BNB/BTC Main trend in full. Channel. Reversal zone.
📊BNB/BTC. Technical analysis. Reversal zone . Linear (to show the trend). Time frame 1 month.
Key area to watchBNB likely to test these levels as it prints an ascending triangle. Could do a fakeout but one to watch for a breakout.
Binance Coin - A 10.000% TriangleHello Traders and Investors, today I will take a look at Binance Coin.
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Explanation of my video analysis:
After the beautiful break and retest on Binance Coin back in 2020, we saw an insane rally of roughly +10.000% towards the uspide. Then BNB topped out in the beginning of 2021 and created a descending triangle formation. We saw a bullish breakout on Binance Coin just four months ago and maybe we can even see a similar move of 10.000% towards the upside from here.
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Keep your long term vision,
Philip (BasicTrading)
Binance Coin (BNB) UPDATE MAY 2024Hello Friends.
How are you?
today I wanna publish a new analysis of BNB
It's not financial advice. please just read and do based on your strategy.
Let me tell you something first. The market moved more than I thought. and it's really strange. when Bitcoin passed 42800 because Bitcoin did not react to this order block.
let's not go into details.
I used the Fibonacci channel. As you know, when we want to draw a channel, we need two points at the bottom and one point at the top.
so, I drew a channel line. and finally, the price succeeded in breaking the top of the channel.so I activated the second channel line.
we see the second channel line stopped the raising. and we had a very powerful pressure of selling. As a result, the price dropped to the top of the first channel line. and then the price raised to complete the pull-back to the broken midline and I expect to drop more.
the first target is around 226 USD the second one is around 85 USD and the last one will be 35 USD.
*** important notice:
Finally, wait until the price reaches $35. The price movement in recent months is not important to me because I believe that the price should reach around $35
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I'm still counting on my pre-analysis and I believe that the best place to buy and hold Binance-coin will be the 3rd one. and the price will touch that place at a few months later. I'm sure about that.
Please don't be fooled by Twitter and Instagram influencers. That's all.
please think about that carefully. and know that Opportunities in the market flow smoothly like a river.
Please don’t forget to write your comments ✍️✍️ like 👍👍 and Share 👌👌 this vision with your friends.
And Tell me do you agree with me or Not?
Please don't hesitate to write your comments below.
❤️❤️ Wish you the best ❤️❤️
Sincerely Yours
Ho3ein.mnD
BNBUSD: Consolidation Beckons, But Bulls Gird for a Breakout.Amidst the undulating narrative of the digital assets market, BNBUSD carves a story of consolidation and tenacious bullish undercurrents, defying the broader market's languor. Let's delve into the technical indicators that sketch the potential pathways for BNB's price action.
Ichimoku Kinko Hyo Insights:
BNBUSD, on the daily chart, oscillates within the Ichimoku Cloud, encapsulating the asset in a state of equilibrium between bullish and bearish forces. The cloud's future projection hints at a thickening resistance overhead, potentially stalling impulsive advances.
EMA and Fibonacci Interplay:
The tapestry of EMAs depicts a battleground at the confluence with the 61.80% Fibonacci retracement level at $534.88. The alignment of the 20, 50, and 100-day EMAs around this fib level fortifies it as a nexus of robust support. The 200-day EMA ascending from below may soon offer a springboard, propelling BNB to challenge the upper echelons of its recent range.
Volume Dynamics:
A subdued volume profile accompanies the current price structure, typical of consolidation phases. A surge in volume will be essential to validate the impending breakout or breakdown.
Oscillators Forecast:
The RSI, hovering near the 50 mark, implies a neutral momentum yet poised for a directional impetus.
The Stochastic oscillator, with a bullish cross in the oversold region, signals the potential for an impending price elevation.
The MACD's histogram recedes in bearish territory but shows a reduction in negative momentum. A bullish crossover here would be emblematic of strengthening buyer resolve.
Price Trajectory Conjecture:
BNB's price is at a critical junction, with the immediate support at the confluence of the EMAs and the Fibonacci level around $534. Should bulls mount a charge, a speculative target of $644—aligning with the upper echelon of the Ichimoku Cloud—could be envisaged. On the contrary, should the asset capitulate beneath the EMA confluence, a descent toward the 38.20% Fibonacci retracement level at $467 might ensue.
Probable Scenarios:
Bullish Breakout: A daily closure above the cloud could ignite a rally to the $600 vicinity, with an extension to $644 in the crosshairs.
Bearish Retraction: A reversal of fortune, breaching $534 support, could see a retest of the $500 psychological round number.
Conclusion:
In the intricate dance of supply and demand, BNBUSD treads water, awaiting a catalyst. With a conflux of technical indicators suggesting a coiled spring, traders should brace for volatility. While the crystal ball remains murky, the array of potential price targets provides a roadmap for the nimble and the prudent.
✴️ Binance Coin | Flat vs Rounded, Top vs Continuation!All the descriptions can be seen on the chart.
Here we are comparing two different patterns:
1) A continuation pattern with a flat structure;
2) A top pattern with a rounded structure.
It is all quite revealing.
➖ The continuation pattern comes right after the initial breakout —perfect.
➖ The top pattern comes right after a major bullish wave —great.
👉 First a continuation, then a top and now a correction is underway.
👉 Binance Coin (BNBUSD) can move below 400.
Namaste.
Let's Ride the WHALES . Buy in Bloodbath-Warren Buffet styleWhales are accumulating. Though Warren Buffet is not in Crypto but he buys when there's bloodbath in the market. Would you ?
BNBUSD Poised for Breakout: $700 in Sight or Pullback Looming?I am eyeing a potential breakout if BNB closes above $620 on the daily timeframe. This decisive move could ignite a bullish run, anticipating a surge towards $700.
However, caution is warranted. Failure to breach the $620 resistance could lead to a pullback. Predicting a potential decline to the $580-$550 support zone if a breakout fails to materialize.
Important: DYOR before trading and investing.
BNBUSDT - on decision pointBNB formed triangle. In my opinion it is making decision. Broke of triangle to upside will create bullish momentum, on other hand price can drop from triangle to previous support.
(BNB/USD) Forward-Looking Technical PerspectiveAscending Channel: BNB/USD's trajectory within the ascending channel persists, indicating a continued bullish tenor. With the current price action near the midpoint of this pattern, there is room for advancement towards the channel's resistance.
Ichimoku Parameters: The pair trades above the Ichimoku Cloud, with the price oscillating around the Senkou Span A, suggestive of a potential uptrend continuation. The Tenkan-sen remains marginally over the Kijun-sen, a bullish indication albeit needing further bullish confirmation.
Bollinger Band Exploration: The BNB is trading just beneath the upper Bollinger Band, hinting at the possibility of testing this boundary. The bands' slight widening suggests an imminent volatility surge.
Volume Consideration: Current volume shows no significant climax or selling pressure, which could imply the market's lack of commitment to drive the price in either direction robustly.
RSI Dynamics: With an RSI reading slightly above the equilibrium at 54.57, we are not in the overbought realm, which may offer room for upward price exploration without immediate reversal pressures.
Fibonacci Extensions: The coin currently tests the 38.2% Fibonacci retracement level, which could act as a pivot point for further price action.
Price Speculation:
Bullish Target Projection: If bulls maintain control and propel BNB/USD above the upper channel line and upper Bollinger Band with convincing volume, a speculative target could be envisioned at the 78.6% Fibonacci level of $624.1, extending towards the psychological threshold of $650, which aligns with the previous price peaks.
Bearish Reversal Contemplation: A breakdown below the channel support, particularly if coupled with a descending RSI and volume spike, may witness a slide towards the 61.8% Fibonacci level at $471.1. This potential depreciation could be accelerated by a breach of the Ichimoku Cloud support, confirming a bearish outlook.
Strategic Trading Considerations:
Traders should consider the upper channel and Bollinger Band as potential take-profit zones in a bullish breakout, while a retracement would likely test the resiliency of the Ichimoku Cloud as a support region. Stop-loss placements just below the ascending channel or the most immediate swing low could serve to protect capital.
BNBUSDTBNBUSDT made a new higher high after breaking its downtrend. taking entry on .318 fib and sl on previous lower high.
The bull market continues! Weekly cycle maturationDear analysts and traders,
I hope you are doing well and are motivated for the week ahead. I wish you all the success in your business endeavors. Remember that success in trading lies in consistently defining and sticking to your rules.
As someone interested in the Elliott Wave Principle, I find it to be an invaluable tool for market analysis. I have developed my approach by combining this principle with my personal experience and by considering different scenarios that are likely to occur in the market. It should be noted that I do not like to be surprised in the market, and that's why I have different market prospects. I follow them to be sure and recognize the structure that is forming so that I can 100% recognize it.
I will share my analysis with you, but please note that I am not providing any buy or sell signals. My perspective on idea analysis is completely unbiased, so if the idea analysis meets your standards, you can use it as a guide to make an informed decision.
I have attached my previous analysis of the same market so that you can compare and see the differences. All the details of my analysis are clearly labeled, making it easy for you to understand. However, having a basic familiarity with the Elliott Wave Principle theory will help you understand the analytical idea more easily.
I have been studying the Elliott Wave Principle for almost three years now, and over time, my understanding of this knowledge and experience has grown. What I have achieved so far is the legacy of a genius called Ralph Nelson Eliot, and I am really happy with my progress. May peace be upon him.
Thank you for your support so far. I will always remember your kindness. Please share your comments and criticisms with me.
I hope my analysis will be useful to you in your business journey, and I wish you all the best.
Sincerely,
Mr. Nobody
BNB Down TargetI believe a channel will be formed from here which may give Target upto $350 in upcoming days for BNB
BNB Up to 650, USD then down to 500 USD.Strong resistance at 540 USD, bounce to the top of the risng channel, at 650 USD.
then down to 500 USD
BINANCE - Back Down To 200... Yes yes, we know... this is rather a glum view of the market BUT, we'd rather be open to every possibility so that we're not taken by surprise.
According to Elliott Wave Theory, it's often the case that if Wave 2 is a simple correction, wave 4 turns out to be a complex correction. This seems to be what we're seeing right now. Wave 2 was a simple ABC correction and now wave 4 appears to be a flat (or maybe a zigzag correction). If we pierce the highs, it's likely it's a flat correction. If we stay below the highs, it may be a zigzag.
For confirmation that we're moving towards the 200 mark, we'll be watching for the break of the red trendline to indicate that bears have stepped in.
It'll be a no brainer to buy around the 200 mark as we're expecting the next wave to reach above 1k!
Goodluck and as always, trade safe!
BNB ain't got much patience for waitingIn my opinion, the final target seems quite realistic. It will require a capitalization of around $373 billion. Although I have nothing in favor of the project, I believe there are enough grounds and narratives for this to happen.
Long BNB t0 750 USDClear ascending towards the upper line of the channel at 750 USD, then most likely the downtrend will start to 300 USD.
