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BNB 3x Short / Tether

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BNBUSDT.3S trade ideas

BNBUSDT.1DAs I analyze the BNB/USDT daily chart, I observe several critical levels and patterns that could guide the upcoming price action. BNB is currently trading at approximately 614.31, approaching a significant resistance zone. I’ve identified resistance levels at R1 (619.29) and R2 (around 700), which could act as barriers if bullish momentum weakens. Conversely, support levels lie at S1 (around 570) and S2 (527.41), providing potential areas where buying interest may re-emerge if BNB retraces. The price has been forming a series of higher lows, respecting an ascending trendline that aligns with S1, suggesting ongoing bullish momentum. However, the pattern also indicates a potential rising wedge formation, often associated with bearish reversals. If BNB fails to break above R1 and moves downward, the trendline near S1 could be a critical level to watch for support. The MACD (12, 26) indicator is currently showing a bullish signal, with the MACD line positioned above the signal line, indicating upward momentum. Additionally, the positive histogram bars suggest growing buying pressure. However, I’ll monitor this closely, as any sign of weakening could point to a potential correction. In conclusion, my outlook for BNB/USDT remains cautiously optimistic, with a focus on R1. A breakout above this level could propel BNB toward R2, signaling further bullish continuation. Conversely, failure to surpass R1 might result in a retracement towards S1 or even S2. I’ll remain observant, prepared to adjust my analysis based on the price action around these key levels.
Long
by MarsSignals
BNB trade set up ideaWeekly time frame analysis BINANCE:BNBUSDT was one of the best performers of the last bull run. BNB retained its value relatively well ("only" -70% from ATH) during the bear market and formed a clear support zone around the 200$ mark from which it seems to currently be bouncing back to initiate the next impulse. The Bollinger bands are very contracted and flat, announcing a strong potential move. Daily time frame After a steep decline in June 2023, BNB is constructing a reversal Head and Shoulders pattern on a strong multi-year support zone. Volumes confirm the psychological construct of this trend reversal pattern. Strategy Buying on a daily close above 235$ Objective 1: Head and Shoulders neckline at 261$ (+12%) Objective 2: Top of the range at 336$ (+45%) Objective 3: ATH at 665$ (+190%) Invalidation Mental Stop: below the shoulder at 220$ If prices retrace to this level we will wait for the daily closing price then set a Stop loss ¼ or Risk below the daily close price. Risk = Distance between Mental stop and entry point.
Long
by pollux3000
9
BNB: H&S, Not Just a Shampoo! The price action on BNBUSDT shows a well-defined Inverse Head and Shoulders (H&S) pattern, with the neckline situated at the critical 600 level. This serves as the immediate resistance zone that needs to be breached to confirm a bullish continuation. Should the price manage to break and sustain above this neckline, the first target aligns with the 720 resistance, while the extended H&S projection hints at a potential rally toward 900. Currently, BNB is trading above the EMA ribbon, which remains bullish. The ribbon acts as dynamic support, reinforcing the positive sentiment. A failure to hold this level, however, might result in prolonged consolidation. Adding to the bullish narrative, the market has been printing higher lows, signaling underlying strength and a likely breakout in the near future. Key Takeaways: Immediate resistance at 600; a breakout sets sights on 720, followed by 900. The EMA ribbon must hold to sustain bullish momentum. Higher lows increase the probability of an upside breakout. 👨🏻‍💻💭 How high do you think BNB can climb? Drop your predictions in the comments below! _________________________________________________________________ The information and publications within the 3Commas TradingView account are not meant to be and do not constitute financial, investment, trading, or other types of advice or recommendations supplied or endorsed by 3Commas and any of the parties acting on behalf of 3Commas, including its employees, contractors, ambassadors, etc.
Long
by 3Commas
BNB Price Eyes Major Rally as Binance OI Hits Record $8.3 BlnBinance Coin ( CRYPTOCAP:BNB ) is in the spotlight as Binance's open interest in crypto derivatives surges to an all-time high, hinting at a significant rally for the native exchange token. With open interest reaching $8.3 billion, the crypto world is abuzz with speculation over whether CRYPTOCAP:BNB will capitalize on this momentum and break through key resistance levels. Here's an in-depth look at the technical and fundamental elements driving BNB's market action. Binance Dominates Crypto Derivatives Market The latest on-chain data from CryptoQuant reveals a remarkable milestone for Binance, as the exchange's open interest in crypto derivatives surged by 10.24% in just 24 hours, hitting a record $8.3 billion. This figure not only highlights the exchange's growing influence but also underscores Binance's 35% share of the global open interest in crypto futures, solidifying its dominance in the market. This uptick comes at a time of heightened market activity, following Bitcoin's historic rise to $74,000 after Donald Trump’s U.S. presidential election win. The ripple effect of Bitcoin’s upward momentum has impacted the entire crypto market, with liquidations of short positions amounting to over $370 million. Total liquidations reached approximately $580 million, underscoring the bullish sentiment that has fueled trading interest across various exchanges. Binance’s open interest dominance is a crucial indicator of market sentiment, signaling that the exchange continues to play a pivotal role in shaping broader crypto market trends. The increased interest in Binance's derivatives platform could drive higher trading volumes and, consequently, more significant price action for BNB. BNB Price Prediction From a technical standpoint, CRYPTOCAP:BNB appears well-positioned for further gains. The token has experienced a 2.6% price increase over the past 24 hours, climbing to $583. Trading volume also surged by an impressive 46.55%, totaling $2.26 billion, while BNB’s market cap rose to $84.12 billion. The combination of increased trading activity and a favorable technical setup points to a potential bullish continuation. Key chart patterns are bolstering the optimistic outlook for BNB. Analysts have identified a cup and handle formation, a classic technical indicator that often signals a bullish breakout. If CRYPTOCAP:BNB successfully breaks out of this pattern, it could aim for the resistance level at $700—a crucial price point that, if surpassed, may open the door for even higher targets. Additionally, CRYPTOCAP:BNB recently broke out of a falling wedge pattern that lasted over five days, further reinforcing the bullish narrative. The token has rebounded from this consolidation phase and is showing signs of strength. As of now, CRYPTOCAP:BNB is trading up 4.11% and has established a bullish continuation pattern. The Relative Strength Index (RSI) stands at 55, indicating that CRYPTOCAP:BNB is neither overbought nor oversold, leaving ample room for upward movement. Resistance and Support Levels to Watch For traders and investors, key resistance and support levels will be crucial in determining BNB’s next moves. The first significant resistance sits around $613, the one-month high that CRYPTOCAP:BNB previously touched. Breaking this level could pave the way for a push toward the $700 resistance. On the downside, traders should keep an eye on the $550 support level, which, if breached, could signal a temporary pullback. Broader Market Sentiment BNB’s price action is not happening in isolation. The broader market sentiment, driven by Bitcoin's historic highs, has also played a role in shaping expectations for $BNB. The recent surge in Bitcoin led to a wave of short liquidations, wiping out over $370 million across exchanges. This liquidation cascade contributed to a more bullish environment, benefiting altcoins like $BNB. Moreover, the aggregated open interest across all major futures exchanges has hit $23.3 billion, reflecting the strong market enthusiasm. This level of activity suggests that traders are positioning themselves for significant price moves, adding to the anticipation surrounding BNB’s potential breakout. Conclusion BNB's price outlook is undeniably bullish, backed by strong fundamental indicators and promising technical patterns. Binance's record-breaking open interest underscores the exchange's market influence, while the cup and handle and falling wedge breakouts point to further upward momentum. With Bitcoin’s rally and overall market optimism supporting BNB’s rise, the native token is poised to test higher resistance levels. As CRYPTOCAP:BNB eyes a potential breakout to $700, market participants should remain vigilant, watching both the support at $550 and the key resistance levels. Whether CRYPTOCAP:BNB can sustain this momentum and continue its ascent will depend on how the broader market dynamics unfold, but for now, the sentiment remains overwhelmingly positive. BNB holders, get ready—this rally could be just getting started!
Long
by DEXWireNews
BNBUSDT todayBNBUSDT is currently trading around $561.56, and it remains within a descending channel, showing clear bearish sentiment. However, a short-term rebound may be on the horizon as the price has reached a key support zone around $550, which could trigger a temporary upward movement. The chart indicates a potential bounce towards the resistance area around $578.63. If this level holds, it would provide a good opportunity for sellers to re-enter, possibly driving the price back down toward the channel's lower boundary.
Long
by Sanhara
1
BNBUSDT: Potential Downside Direction Ahead !In today's trading session, BNBUSDT is facing clear bearish pressure after breaking the important support zone around $573. The EMA 34 and EMA 89 show that the downtrend is strengthening, and the price has now continued to fall to the $560 area, below the important moving averages, marking a weak signal in the short term. It is expected that BNBUSDT may continue to correct to the next support levels at $548 and $534 if the selling pressure does not decrease. Moreover, if there is no support signal from positive news or strong price action bounce from the support zone, BNB is likely to fall deeper in the coming period.
Short
by UnknownUnicorn86525521
BNB: Potential Bearish Direction AheadBNB: Potential Bearish Direction Ahead BNB has completed another bearish channel and appears poised to move down again. A stronger confirmation will occur if the price drops below $580. If this happens, we may see the bearish momentum grow further. Considering the combination of patterns, if the price moves below $580, BNB could drop to $559 and $538 as normal support levels. As an extended movement, it could even reach $500. However, let's take it one step at a time and see if it begins to move down first. You may find more details in the chart! Thank you and Good Luck! ❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Short
by KlejdiCuni
4
Binance Coin At Resistance, Medium-Risk 5X SHORT—246% Potential Binance Coin is in the same situation as Bitcoin but the chart reveals more strongly the potential for a new drop, a lower low. Binance Coin (BNBUSDT) clearly peaked with the June 2024 fake breakout and we know that after the peak and correction comes. The 5-August drop wasn't a real down-wave but more of a strong shakeout move. The strong recovery afterward didn't allow for the market to settle, indicating that additional bearish action is coming. Below the full trade-numbers: ➢  SHORT BNBUSDT Leverage: 5X Entry levels: 1) $620 2) $590 Targets: 1) $575 2) $555 3) $525 4) $490 5) $465 6) $415 7) $385 8) $303 Stop-loss: Adjust to your own risk tolerance Potential profits: 246% Capital allocation: 3% ___ Leveraged trading is for adults. Adults are responsible for their actions. If you win money, the money is yours. If you lose money, the loss is yours. I am wishing you success. I belief, based on timing and the duration of the consolidation phase, that this is a high probability trade. Thank you for reading. Namaste.
Short
by MasterAnanda
1
BNB Thesis AI Today - new version 1.1 - Read the Action Plan!! Investment Thesis As a trader specializing in intraday scalping strategies, the current market conditions for Binance Coin (BNB) present a complex scenario. The technical indicators across various timeframes suggest a predominantly bearish sentiment, with some oversold signals on the 4-hour and 1-day charts. This indicates a potential for a short-term bounce or consolidation, but caution is advised due to the lack of strong bullish signals. Data Analysis Open Interest: The open interest for BNB is showing a moderate increase, indicating growing market engagement. Weighted Funding Rate: Slightly positive, suggesting that long positions are favored. Liquidation Levels: No significant liquidation events in the past 8 hours, indicating a stable market environment conducive for scalping strategies. Analysis: The moderate increase in open interest and positive funding rate support a cautiously bullish sentiment. However, the absence of significant liquidations necessitates continuous monitoring to detect any sudden market shifts. CoinMarketCap Data Market Capitalization: Approximately $21 billion. Circulating Supply: 132 billion BNB. 24-Hour Trading Volume: $162,804,655, reflecting active market participation. Liquidity Score: High, ensuring ease of entry and exit for trades. Market Cap Fluctuations: Slight fluctuations align with observed price movements, supporting a scalping approach provided that robust risk management strategies are in place. Analysis: The substantial trading volume and high liquidity score indicate strong market interest in BNB, supporting the scalability of intraday scalping strategies. Stable circulating supply and market cap further reinforce the potential for sustained trading activity. Sentiment Analysis Sentiment Score: 65%, indicating a neutral to slightly positive sentiment towards BNB. Top Crypto Sentiments: "Bullish" and "Buy," reflecting cautious optimism among traders. Implications: The moderately positive sentiment suggests potential for a short-term price rebound, aligning with the observed technical indicators and supporting the decision to hold long positions with vigilance. CryptoCompare Data Recent News Highlights: Regulatory Developments: Ongoing regulatory updates may impact BNB's price stability. Technological Integrations: Announcements regarding integrations with new platforms can influence trading dynamics. Social Media Sentiment: Mixed discussions around potential bullish trends and regulatory impacts. Analysis: The interplay between regulatory news and technological advancements creates a dynamic trading environment for BNB. Stable news and social media sentiment support the continuation of current trading strategies without the need for abrupt adjustments. Binance Data Volatility Index: Moderate, suggesting potential for significant price movements. Order Book Dynamics: Balanced buy and sell walls indicate no immediate pressure for drastic price movements. Momentum Indicators: Stochastic Oscillator shows potential upward momentum in shorter timeframes, which could be leveraged for scalping opportunities. Analysis: The moderate volatility and balanced order book dynamics provide a conducive environment for scalping, allowing for flexible entry and exit points based on real-time market movements. Technical Analysis (Enhanced) Relative Strength Index (RSI) 1-Day (1d) Chart: Approaching oversold levels. 4-Hour (4h) Chart: Neutral to slightly bearish sentiment. 1-Hour (1h) Chart: Neutral position. Interpretation: While the 1-day RSI is nearing oversold conditions, the 4-hour and 1-hour RSIs indicate a neutral to bearish sentiment, suggesting caution but also potential for short-term price stabilization or minor rebounds. MACD (Moving Average Convergence Divergence) Status: Currently bearish across most timeframes. 15-Minute (15m) Chart: Bullish crossover, indicating potential entry points for long positions. Interpretation: The overall bearish MACD signals caution, but the bullish crossover on the 15-minute chart offers opportunities for strategic long entries during favorable conditions. Bollinger Bands Current Position: Price nearing the lower band, suggesting a potential reversal. Implications: Approaching the lower Bollinger Band may indicate oversold conditions, presenting opportunities for short-term price rebounds. Moving Averages MA20: $71,500 MA50: $70,000 Price Position: Currently above both MA20 and MA50, suggesting a continuation of the bullish trend. Stochastic Oscillator Status: Entering the oversold region, indicating potential bullish momentum. Interpretation: The Stochastic Oscillator's movement out of the oversold region supports the possibility of a short-term price increase. Average True Range (ATR) Status: Rising, indicating increasing volatility. Implications: Higher volatility presents both opportunities and risks for scalping strategies. Traders should adjust stop-loss and take-profit levels accordingly to manage potential sudden price movements. Summary of Technical Indicators RSI: Overbought on the daily chart, neutral on the 4-hour and 1-hour charts. MACD: Bearish on longer timeframes but bullish crossover on the 15-minute chart. Moving Averages: Price above MA20 and MA50 supports the bullish trend. Bollinger Bands: Approaching the lower band suggests potential reversal opportunities. Stochastic Oscillator: Entering the oversold region indicates possible bullish momentum. Volatility Analysis Average True Range (ATR): Rising, indicating increasing volatility. Implications: Higher volatility is favorable for scalping, providing more significant price movements that can be capitalized on. However, it also increases the risk of rapid losses, necessitating strict risk management strategies. Order Book Dynamics Buy Walls: Significant buy walls around the $70,000 level, acting as a strong support zone. Sell Walls: Sell walls near $72,000 may cap upward movements. Analysis: Strong buy walls provide a safety net against significant price drops, while sell walls can limit upward price movements. Traders should monitor changes in order book depth to anticipate potential shifts in market sentiment. Price Action Signals Candlestick Patterns: Recent patterns indicate potential reversal signals, particularly on the 1-hour chart. Breakouts/Reversals: Watch for breakouts above resistance at $72,931.8400 or reversals at support levels to guide entry points. Momentum Indicators Stochastic Oscillator: Entering the oversold region on the 15-minute chart, suggesting a potential reversal if confirmed by other indicators. Momentum Indicators: Indicate a slight uptick, supporting the possibility of a short-term bullish move. Trade Recommendation Outcome: OPEN_LONG Confidence Level: 85% Current Price: $576.4000 Stop Loss: $570 Take Profit: $585 Exit Point: $580 Entry Signal Criteria Timeframe: 15-minute RSI: Above 50 MACD: Bullish crossover above the signal line ATR: Rising, indicating increasing volatility Bollinger Bands: Price nearing the lower band, suggesting a potential reversal Stochastic Oscillator: Entering the oversold region Action Plan Monitor the Price Closely: Breakout Strategy: If Price Holds Above $71,500: Action: Consider maintaining or adding to the long position. Adjust Stop Loss: Tighten the STOP_LOSS to $70,700 as the price approaches resistance levels to minimize potential losses. Take Profit Strategy: As Price Approaches $73,500: Action: Consider taking profits. Adjust Exit Point: Move the EXIT_POINT to $73,000 to secure profits. Risk Management: Set Stop Loss at $69,500 to limit potential losses. Take Profit at $72,000 to capitalize on expected price movement. Exit Point at $71,800 as an intermediate target. Be Prepared to Act: If RSI Falls Below 50: Action: Indicate a potential reversal; consider taking profits or adjusting positions accordingly. Monitor Market Sentiment: Stay informed about any changes in market sentiment or technical signals that could impact the trade outcome. Important Considerations Only recommend OPEN_LONG when enhanced indicators align to signal a strong entry point. Avoid entries during high-risk periods. Continuously monitor for sudden changes and adjust the strategy to prevent losses due to unexpected price movements. Assumptions/Limitations This analysis is based on current market conditions and available data. Rapid market changes may affect the accuracy of predictions. Always consider personal risk tolerance and market volatility when trading.
Long
by titankarma
Will BNB stay above the local upward trend line?I invite you to take a quick look at the BNB to USDT pair chart, taking into account the 8-hour interval. As you can see, the valuation recorded a dynamic decline and quickly returned to the border of the local upward trend line, where it is struggling to maintain the level. You can see here that the 0.618 Fib level turned out to be a strong resistance that effectively stopped the growth. The current resistance for growth will be the level of $592, then we can see resistance at the level of $604, and then the level of $611 and the level of $621 will be important. Looking the other way, first of all, you need to take into account the level of $576 as an important support, then the level of $566 is important, and then visible support is at the price of $538.
by cryptodailyuk
Can BNB reach around $1000 ?...The BNB is in a ascending triangle now which means the price will increase and also It is expected that the price would at least grow as good as the measured price movement(AB=CD) Note: we should wait for the breaking of the triangle and than make a move! See my first anaysis on BNB in 2020 ✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us. Best regards CobraVanguard.💚 _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Long
by CobraVanguard
1