BNB BNB currently took the Inducement (💎). Overall market was bearish. So down side move possible.
Order block (1) was next resistance zone. Order block (2) was next support zone.
BNBUSDT.3S trade ideas
BNB - Ranges overview (update)BNB moving nicely and like we noted it in the previous weeks.
We closed back within the range and we are currently trading towards the lows of the range and the liquidity sitting around 540$ and 520$
Will be interesting to see how we end the week in the overall crypto market.
BTC is currently below its range lows so let’s see where we move from here…you’ll notice most cryptos as always simply mimick and follow BTC.
Stay safe and never risk more than 1-5% of your capital per trade. The following analysis is merely a price action based analysis and does not constitute financial advice in any form.
BNBUSDT shortMe, waiting for BNB to reach 418. Break of structure since March made me go on this bias, May also shows next BOS that made me re-enter this trade. 700ish if price broken will invalidate my plan to short.
BNB BNB mitigated this orderblock (3) and moved higher. Next BNB mitigated this orderblock (1) and moved down. Order block (3) is the last support zone. This zone failed. This shows that BNB is bearish.
A 800% move to $6000 for Binance token (BNB) by September?On the above monthly chart of BNB token there is easily an hour of topic to discuss. However attention spans amongst the equity providers do not afford a detailed explanation so the short version..
1) Price action is in a legacy uptrend channel since inception with a confirmation of uptrend continuation (unlike LTC).
2) Price action is at resistance after three years of consolidation. This is the third test of resistance. Blue pointing down arrows.
3) Just as with May 2020 prior to the break of resistance, Stochastic RSI previously crossed above 80. (orange arrows). This is the same situation as today. Stochastic RSI remains with momentum for 182 days. Should history repeat, momentum continues until August / September.
4) The bull flag pattern confirms a breakout AND support. A measured move from the flagpole of the last resistance breakout takes price action to $6000.
Is it possible price action corrects? Sure.
Is it probable? No.
Ww
Type: trade
Risk: <=6%
Timeframe for long: You decide
Return: 800% over the next 16 weeks
BNB - 580$ long entryPretty sure we will see another drop into 580$ coming hours, which should print this weeklys low. But I have to say I'm not interested in holding this position for too long (weeks to months).
BNB looked good after the breakout of the ascending triangle and I had a target of 1000$ (which could still happen), but I don't like the deep retest we are seeing right now, so just a swing trade for me :)
Stay safe!
Long trade 23rd June 24
10.58 pm
Tokyo Session
Buyside
15min TF entry
Entry 589.05
Profit level 596.43 (1.25%)
Stop level 588.01 (0.18%)
RR 7.1
Thought process
Trending inside the range
Phase C - Whykoff method
BNB BNB mitigating orderblock (3) to moving upside. This order block was last support zone. Currently facing order block (1) resistance zone.
Order block (4) is next support zone. Currently BNB Chart showing strong upside momentum. So BNB moving more upside possible.
BNB at Strong Support Bnb is at strong support. It may break the resistance of 600$ once it breaks we will see the bull candle
Is BNB Due for a Correction or Continued Climb?BNB technical analysis update
BNB's price failed to break its major resistance zone on the weekly chart. It still looks bullish in the weekly timeframe, and we can confirm the bullish movement once the weekly candle closes above the resistance zone.
BNB's price could move sideways or slightly bearish before making a new high. 👀
Reagrds
Hexa
BNBUSDT Elliott wave countAfter hitting 1.618 fib extension of wave ((i)) below 721.8 we are looking to the downside for wave ((iv)).
Possible target 0.236 fib retracement of wave ((iii)) in the span of previous wave (iv).
We are not excluding one more leg up above 721.8.
BNB: analaysis in D1📊Analysis by AhmadArz:
According to the flag pattern that we saw the best reactions in the past, we can expect the same analysis from the chart at this time.🧨
Just keep in mind that there is a 10% chance of a fake breakout on each side of this horizontal trend.🚨
🔗"Uncover new opportunities in the world of cryptocurrencies with AhmadArz.
💡Join us on TradingView and expand your investment knowledge with our five years of experience in financial markets."
🚀Please boost and💬 comment to share your thoughts with us!
BNB BNB sweep the swing high (💀) to moving downside and holding this order block (3). If this order block was fail, BNB was moving downside.
Order block (1) is next resistance zone. So some downside possible.
Binance Coin Ascending Channel Breaks; $372 Next Target➖ We have a very strong ascending channel pattern on the BNBUSDT chart.
➖ The fake bullish breakout early June is a failed signal.
These two combined spell doom for this pair.
Expect a major crash to happen now, after months of sideways which is when most traders lose money. Once a trend has been established, it is easy for traders to win. When the market is ranging, most people lose money and that's when it is recommended to stay out; exactly what we did.
👉 A move down is starting to develop; targets follow:
1) $475 is a strong support.
2) $372 goes next.
These are high probability targets.
It seems the recovery will be fast after the crash.
Namaste.
BNB BNB sweep the order block (2) to moving downside. Order block (3) Is next buyside orderblock.
But order block (3) was not high probability. Because BNB was bearish. Maybe mitigate order block (3) to moving some upside movements possible.
✴️ Binance Coin Still Bearish; Short-Squeeze = 50% Drop!Notice that this is the same chart setup we used before; Binance Coin bearish potential remains intact.
The bearish potential is intact because BNBUSDT is still moving within a lower high compared to 16-March.
Notice that the peak is very close to Bitcoin's; What one does, the rest follows!
We do have a volume breakout in the last two days and the MACD looks good but the volume is too low. (Mixed signals.)
Here we might be too early but we have the other pairs as confirmation and the fact that this was a very strong and sudden move...
Let's make it simple:
➖ Bearish below $650; bullish above.
👉 As long as BNBUSDT trades below $650 monthly, remain short.
👉 If BNBUSDT moves and closes above $650 on the monthly timeframe, we have to reconsider our bias and adapt to the chart and market.
But right now the chart setup remains the same.
Namaste.
BNBUSDT.1DIn this technical analysis of the BNB/USDT chart, we explore the recent price movements and key technical indicators to derive insights into potential future price actions.
Key Observations:
Current Price and Movement:
BNB/USDT is currently priced at $594.6, with a modest daily decline of 0.78%. This movement suggests a potential consolidation phase after recent price activities.
Support and Resistance Levels:
R1 (Resistance Level 1): $644.8 - This level marks a critical resistance point that BNB needs to surpass to confirm a bullish trend continuation.
S1 (Support Level 1): $494.3 - This is the primary support that BNB might retest if the current price level fails to hold.
S2 (Support Level 2): Indicated on the chart but not specifically quantified, it represents a deeper support level that could come into play during a significant pullback.
Technical Indicators:
MACD (Moving Average Convergence Divergence): The MACD line is above the signal line, which typically suggests bullish momentum. However, the proximity of these lines indicates that the bullish strength might be waning.
RSI (Relative Strength Index): The RSI is near 49.85, around the mid-range, which indicates neither overbought nor oversold conditions, suggesting a balance in buying and selling pressures.
Analysis and Conclusion:
BNB/USDT is currently navigating through a critical juncture, as evidenced by the consolidation pattern near the $594.6 level and the approach towards a significant resistance at $644.8. The MACD shows a slight bullish tendency, but the closeness of the MACD and signal lines could imply potential shifts in momentum.
In the short term, the ability of BNB to hold above the support at $494.3 will be vital for sustaining the current market sentiment. Should this level hold, it could provide the necessary stability for BNB to attempt breaking past the resistance at $644.8. Conversely, a break below $494.3 could lead to a test of deeper supports (S2), indicating a shift towards a bearish trend.
Traders should keep a close eye on these technical levels and indicators. The consolidation pattern, combined with MACD and RSI readings, will provide clues on the likely direction of the next significant price move. Given the current balanced RSI, the market could tilt in either direction based on broader market sentiment or specific news impacting Binance or the broader crypto market. As always, incorporating stop losses and managing risk exposure will be crucial in navigating the potentially volatile movements of BNB/USDT.
BNB worth of investing?BNB (BNB) is definitely coin worth of investing because of their exchange and all projects on BNB Chain. This is trade (investment) setup on larger timeframe. I am not looking to reach targets 2,3 and 4 very soon, that could be year(s). I will sell most of my capital on targets 3 and 4. Small portion will be sold on Target 1 and 2.
Entry Zone: 249-296
Buy Zone 2: 108-147
Target 1: 435 – 480 (48%)
Target 2: 633 - 684 (112%)
Target 3: 1026 -1087 (243%)
Target 4: 1430 - 1470 (377%)
Binance Coin Analysis: Bulls in controlBNB just made a new ATH in the recent month, and now I expect a slight correction before it rockets to new highs. The main support I have in mind is around $456, with the main target at $1,570 and an optimistic target at $2,040
Is Binance Coin Breaking Out of its Bearish Pattern?📊 According to the buying pressure in the market, if the $610 range is broken and the price stabilizes above it, the price may increase to the $625 range🎯, and in the case of strength, the $650 range🎯🎯.
📊 Otherwise, the price may fall to the range of $575.
BNBBNB mitigating orderblock (2) to moving downside. Currently facing order block (3).
BNB was bearish. But the chart showing some upside rally possible.
If order block (3) was fail, BNB moving downside. If order block (2) was fail, BNB moving upside and taking Inducement (💎) to moving downside is high possible.
Binance Coin (BNB): Possible Crash of BNB/USDTBinance coin is back inside that tight triangle formation after forming a fake breakout attempt on the upper zones.
As we are back at the formation, we are now looking at both 100 and 200 EMAs, which are the next zones that will be re-tested.
As soon as we break down from the formation, we might enter a freefall zone!
Swallow Team
BNB MonthlyBullflag & restest of M value areas,beneath M POC.BNB is trying to find acceptance in the entire Value Area of the M Bullflag.
It took out most of the break out levels stops and is now back in the that range,
5 m falling wedge into 5 OS for an H HL was my attempt but got stopped out.
I got stopped out of my M SWING the last few days.
attempting a daytrade reentry with clear stops under this H level.
next is 15 OS for a 4h HL .
next is BTC D OS and then try BNB for a M bullfalg reattempt into summer.
