BNBUSDTBNB analysis
Weekly and 12-hour timeframe
I expect the price to move towards higher targets after the correction to the 12-hour supply area. If I lose the 12-hour demand area, I expect the price to return from the weekly demand area.
BNBUSDT.3S trade ideas
Long trade Mon 8th June 24
13.30pm
New York Session
Entry 605.02
Profit level 612.17 (1.18%)
Stop level 602.03 (0.49%)
RR 2.39
Long trade
Observation
10th Jun 24
Downside trend anticipated
to bounce at 598.05 Support level
1Hr TF
New York Session
Entry 676.51
Profit level 676.51 (13.12%)
Stop level 584.87 (2.20%)
RR 5.35
BNB: Pullback in UptrendTrade setup : Price is in an Uptrend. It broke out of an Ascending Triangle and above it's ATH of $692 from May 2021. It reached $720 but got overbought (RSI ~ 80) and pulled back on some profit taking. This pullback near $600 level is an attractive swing trade entry in Uptrend with +15% upside potential back to $700. Stop Loss (SL) level at $580, just below prior swing low.
Pattern : Pullback in Uptrend. Price remains in an Uptrend but has pulled back, which could present a 'buying dip' opportunity. Traders should look for the nearest support level where price could stabilize and resume its Uptrend. This support level could be a level where price bounced off of in the past, or a level that was previously resistance. (concept known as polarity).Learn to trade key levels in Lesson 3.
Trend : Short-term trend is Down, Medium-term trend is Strong Up and Long-term trend is Strong Up.
Momentum is Bearish ( MACD Line crossed below MACD Signal Line) BELOW days ago. Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70).
Support and Resistance : Nearest Support Zone is $500.00. Nearest Resistance Zone is $720.00.
Buy bnb right now If you look at the bugger picture you would notice bnb is still in an uptrend movement.
It got to my order block.
I went down to my 15 minute time frame for a change of structure to the upside.
I did set an order block also on 15 minute when it got there my order got executed so right now am on buy.
A sad story for crypo is right around the cornerFrom my previous post where I started out having a bullish tunnel vision it actually ended up with me continuing to short bitcoin and make a really good ROI. Now that bitcoin has been gotten rejected from a strong resistance zone and has also created a big descending triangle I think BTC is ready to rip to the downside. It is currently backtesting the resistance zone from the descending triangle but when it is ready to continue the pattern I think we will go down fast. The next support zone will then be between roughly 57-59k USD. That would be a 10% drop and in my opinion it could be the beginning of the bear market already. According to pattern recognisation and fractals it is fully possible that we will see that 70-80-90% drop much earlier than previously thought. The RSI on weekly is extremely overbought and the MACD has also flipped bearish here. This is signs we should take to consideration when trading btc.
Whatever happens with bitcoin I will try to make my own profits by shorting BNB since it both follows the same principles and it is known that most of the other coins follow the bitcoin price in some sort of way. The technicals are looking beautiful for shorting BNB as it looks right now. We are getting a rejection from a key resistance level on the weekly, the MACD has just flipped bearish and the RSI has been extremely overbought here too. I think it is very likely that we will move rapidly towards the 180-260 USD support zone. Some consolidation down at this level would also be good to look at. That is at least what happened last time we dropped down there.
Whatever happens I will make sure to risk free my trades and move the stop loss downwards as the price moves down. As long as it is technically possible.
I also think gold soon will lose a lot of its value but I will write that in another post.
Have fun trading guys and thanks for sharing your opinions!
BNB Price update
The price of BNB is testing the trend line. If the price breaks out from the $630.3 level we might see that the price could climb to the previous all-time high.
If the trend line did not hold the price we might see it can test the lows at $462.5 zone.
Despite the Red Market, we are not bearish.
It's Bull Run, and we are bullish
BNBUSDT.1DIn this professional analysis of the Binance Coin (BNB)/USDT daily chart on Binance, we are examining the key technical indicators and price structures that may affect the future price movements of BNB.
Price Action and Support/Resistance Levels
The current price of BNB stands at approximately $594.1. The chart presents a structured view with key resistance (R2) and support levels (S1, S2, S3, S4) defined. The highest recent resistance is marked at $724.1 with the latest price falling below this peak. The primary support levels are indicated at $625.5, $498.2, and $398.5, which help in identifying potential bounce-back points or areas where price might consolidate.
Technical Indicators
MACD (Moving Average Convergence Divergence): The MACD line is below the signal line and close to zero, suggesting a decrease in momentum and a potentially bearish outlook in the short term. The negative histogram further indicates that the bearish momentum could be increasing.
RSI (Relative Strength Index): The RSI is slightly below 60, which indicates a somewhat bullish momentum but nearing neutral territory. This suggests that while the market is not excessively overbought, there is also no strong bullish momentum at present.
Chart Patterns
The chart shows a range-bound movement with periodic tests of the aforementioned resistance and support levels. Recent price movements suggest a potential downward trend toward the next support level if the current price continues to decrease.
Conclusion
Given the current technical analysis of BNB/USDT, the market seems to be in a cautious phase with a potential bearish bias due to the MACD's positioning. However, the RSI provides a slightly conflicting signal, suggesting some remaining bullish sentiment. Investors and traders should monitor these indicators closely along with any geopolitical or economic news that could influence market sentiment. The key will be to watch for potential rebounds off support levels or a breakthrough above current resistance, which would necessitate a reassessment of the bearish outlook. As always, maintaining a balanced perspective with stop-loss orders to manage risks is advisable in such volatile environments.
A powerful crypto exchange that just started. UPDATEEverything is pumping and rising soon, US500, EURUSD, GOLD, BITCOIN ETC
It is a coin of a major crypto exchange and definitely a good choice. The crypto industry is in its infancy
Only up!
Trade Signal: BNBUSDTDirection: Buy
Enter Price: 602.5
Take Profit: 622.4
Stop Loss: 589.2
I am providing this prediction using the EASY Quantum Ai strategy, which has analyzed various market factors to come to this conclusion.
1. Technical Analysis: According to our proprietary indicators, BNBUSDT is currently showing a bullish trend. Moving averages and momentum indicators support an upward price movement. Historical resistance and support levels have been identified precisely at our take profit and stop loss points.
2. Market Sentiment: Current news and social media trends reflect positive sentiment towards BNB. Recent headlines surrounding BNB developments and partnerships are likely to drive demand.
3. Volume and Liquidity: There is a significant volume increase, indicating strong participation, which usually precedes price movements. Higher liquidity at this level reduces the risk of sharp drops and supports the forecasted target.
4. Macro-Economic Indicators: Broader economic conditions, such as favorable regulatory news and a positive outlook on the cryptocurrency market, provide a conducive environment for a price rise.
Based on these factors, the BNBUSDT pair is expected to ascend towards our take profit target of 622.4 while maintaining a safe stop loss at 589.2 to mitigate potential downturns.
Buy opportunity-BNBUSDTwait for closure of current day candle for confirmation of both fakeout and liquidity taken .
Binance Coin (BNB): Formed a Fake-out Near Resistance Zone. Binance Coin has made a nice breakout attempt, which ended up being a fake-out zone.
As the price is now back at the resistance zone, we are looking for price movement back below that zone, which would result in a potential movement to further lower zones, which would also fill many FVG zones.
Swallow Team
BNBUSDT is BullishPrice was in a down trend, however the matured bullish divergence finally seem to be playing out as first higher high is printed successfully. If the bulls remain in control like this, a bullish a rally could be expected from here. Targets are mentioned on the chart.
BNB support and consolidationPrice seems to be stabilizing around the 600 level. Which seems to be the newest support to be tested.
Initially, we saw a strong upward trend, with higher highs and higher lows. This uptrend was followed by a period of consolidation, where the price moved sideways. Recently, the chart shows a sharp correction from the recent high, breaking down past support levels. The current market sentiment shows bearish pressure in the short term initiated with the formation of strong bearish candlesticks at the recent high. The current price action lead there is a potential support forming here, with the next support levels located at 580 and 550 for accumulation purposes. The new distribution range should be placed above 700. The range plotted here would help us to keep a close eye to the action, and also manage risk efectively
Trade Signal: BNBUSDT PairDirection: Sell
Enter Price: 698.8
Take Profit: 683.66666667
Stop Loss: 714.96666667
Justification:
The recommendation to sell BNBUSDT at an entry price of 698.8 is based on multiple technical indicators identified through the EASY Quantum AI strategy. The factors influencing this forecast include:
1. Resistance Levels: The price has encountered strong resistance near the 700 mark, indicating it’s possible that a downward movement may follow.
2. Momentum Indicators: Momentum indicators such as RSI and MACD are showing bearish signs, suggesting that the selling pressure might increase.
3. Volume Analysis: There has been a decrease in buying volume, which aligns with a potential downward trend.
4. Market Trends: The broader market trends for BNBUSDT have shown signs of reversal, further supporting a bearish movement.
By using the EASY Quantum AI strategy, this analysis provides a data-driven and algorithmic approach to decision making, aiming to enhance accuracy and reliability in forecasting the currency pair’s movement.
Remember to monitor the trade and manage risk appropriately.
#BNB reaches the staged support zone📊#BNB reaches the staged support zone✔️
🧠We made adjustments as expected after completing the weekly-level bull target. The current price has reached a staged support area. If a new bull structure can be formed in this area, it will be worthy of our attention and participation. 👀
➡️Because at the monthly level, we have opened up a higher space, so trading with the trend will always be much smoother than trading against the trend. So we closed the short order we held. 💰🍻
🎉Congratulations to all the friends who followed Wolf King to print money. 💰🍻
🤜If you like my analysis, please like 💖and share it💬
💕 Follow me so you don't miss out on any signals and analyze 💯
BINANCE:BNBUSDT.P
$BNB/USDTThis is one of the most curated chart idea in the market at the moment, in short im bullish CRYPTOCAP:BNB
Unless the retest failed.
#BNB BREAKOUT THIS BULLISH PENNANT PATTERN!#BNB retests the bullish pennant pattern. If we successfully retest this pattern, then we can expect a good bounce.
#Crypto
BNB/USDT - 4H - Long My point of view:
1. Strong up trend
2. Up trend volumen zone
3. Correction area
4. 15% down price slide.
Risk/reward = 2.68
IMO worth it.
BNBUSDT.1DThe BNB/USDT daily chart demonstrates a recent bullish momentum, with the price reaching as high as the R2 resistance level at $724.8 before experiencing a slight retracement. Currently, the price is near the S1 support level at $625.1, which is acting as a pivotal area for potential future price action.
The Moving Average Convergence Divergence (MACD) indicates bullish momentum, as evidenced by the MACD line being above the signal line, although the positive momentum is decreasing as the histogram bars are shortening. This suggests that while the bullish trend may be slowing, it has not yet reversed.
The Relative Strength Index (RSI) is right at the midline (50), indicating a balanced market condition between buyers and sellers. This neutral RSI suggests that there is potential for the price to move in either direction, depending on how market sentiment develops.
Given this analysis, if BNB maintains its position above S1 ($649.1), it may have the strength to retest the R2 level. Breaking above R2 could potentially lead to higher prices towards historical highs. However, if the price breaks below S1, the next support to watch is S2 at $498.2, which could serve as a lower boundary in a more bearish scenario. Investors should watch these levels closely, as they will likely dictate the short-term direction of BNB’s price movement.
Will BNB reach another new ATH>#BNB has been behaving nicely throughout the weekend sell off, still sitting on the uptrend support.
Let's see if we can continue up from here after recently reaching a new ATH or if we break down to test the 507 area.
BNB 588 | most un assuming of them all & a new LOGOweathered all forces of nature mankind and even the other side
banning here there
restrictions
lots and lots of competition '
yet the top guns are collaborating with BNBs extensive network of funds for liquidity
from spot to futures to IDO ETC
i think this shall be the sneaky one to rule them all
BNB Price Analysis
BNB is in an uptrend but the rally is facing resistance at $721.8, suggesting profit booking from short-term traders.
Currently, the price of BNB is testing the EMA21 and is very close to the $630.3 level where a breakout occurred. If the price of BNB holds the support and bounces back from here we can see a good bullish move.
If the price closes below the support at $630.3 and the trend line this might drag the price to $495.8.
There is very little chance for the price to break the trend line because if the price breaks the support it will test the trend line and EMA 55 at the same time and from here the price could bounce back to the upper level.
