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Binance Coin / TetherUS PERPETUAL CONTRACT

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BNBUSDT.P trade ideas

HelenP. I BNB can fall lower trend line and then make impulse upHi folks today I'm prepared for you Binance Coin analytics. If we look at the chart we can see how the price some time ago rebounded from the trend line and made a strong impulse up to the 288 support level, which coincided with the support area and soon broke this level. Later it made a retest and continued to move up to the 327 resistance level, which coincided with the resistance zone, and even rose to this zone, but soon BNB turned around and fell below and in a short time declined to the support level. After this BNB some time traded near the support level, after which it rebounded from this level and tried to grow to the resistance level, but failed and in a short time fell to the trend line and even lower than this line. But soon, the price turned around and started to trades near the trend line, but a not long time ago it fell back to this line and recently started to rise again. For my mind, Binance Coin will correct below the trend line, after which it turn around and make impulse up. That's why I set my target at the 315 level. If you like my analytics you may support me with your like/comment ❤️
Long
by FirstNameHelen
1
BNB/USDT 1HInterval Chart ReviewI invite you to review the BNB chart, on a one-hour interval. However, here we will start by marking with blue lines a strong downward trend channel in which we have been moving for a long time, currently in the upper part. Moreover, we can mark here the zones that can be seen to have an effective impact on the price, there is a clear support zone, as well as a resistance zone for the price in the long term at the top. However, locally, using the yellow line, we will determine a local upward trend where the price is struggling to stay. Let's now move on to marking the support areas for the price and after unfolding the Fib Retracement grid, we can see that first of all we have support around $303, which currently holds the price, but if we go lower, it is worth marking an important support zone from $293 to $287. Looking the other way, we can similarly determine the resistance areas that the price must face. And here we see that currently the zone from $309 to $314 has effectively stopped the growth, but if it is overcome, we can see an upward movement towards the strong support level of $321.7. Looking at the RSI indicator, you can see a return to the middle of the range, which quickly results in a downward reflection, because on the STOCH indicator, a strong upward impulse resulted in a reversal in a similar place to the last one, and what's more, we can mark the trend line at which the indicator turned around.
by cryptodailyuk
BNBUSDT: A quick scalp opportunity on 4H candleBNB is bouncing back from the support and heading towards the next resistance after a strong bounce back from major support at 280. Next target for the BNB is at around 320 This is a quick scalp opportunity with significant risk. So careful with your position sizing and make sure to keep the stoploss. Entry at: 306-309 StopLoss: 303 TP1: 312 TP2: 315 TP3: 320 Cheers! GreenCrypto Like and follow us for best crypto ideas and market updates.
Long
by GreenCryptoTrades
2
BNBUSDT - Price can bounce from support line and start growHi guys, this is my overview for BNBUSDT, feel free to check it and write your feedback in comments👊 Some time ago price bounced from resistance level, which coincided with resistance area, and in a short time it fell to $290 level. Then BNB some time traded between $318 and $290 levels, after which price fell to support line and started to grow. Price rose to resistance area, but soon it turned around and made downward impulse to support area, breaking $318 level. After this, price entered to triangle, where BNB bounced from support line and in a short time rose to resistance line. Recently, price bounced down from this line to support line, where it continues to trades near. Binance Coin can correct to support line, after which it bounce up to $315, thereby exiting from triangle. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
BNB/USDT 4HInterval ChartI invite you to review the BNB/USDT chart, on a four-hour interval. As you can see, the price remains above the local upward trend line. Looking at the price increase, it is worth spreading the fib retracement grid, thanks to which you can see the price fighting in a strong resistance zone from $308 to $314, and then there is resistance at $322. Looking the other way, there is support at $303, followed by a strong support zone from $293 to $287. The RSI shows room for a price increase, and the STOCH indicator shows another increase, which may limit the room for increases.
by cryptodailyuk
✴️ Binance Coin | Another SHORT Entry (6-10X Lev)Binance Coin peaked 28-December 2023, a month ago. It has been kind of sideways but still producing clear lower highs, revealing what's to come. We already shared a similar trade setup but timing is important so here we go again... The major portion of the bearish move is yet to develop. Once it starts going, it is going to be really fast and strong, why? Because the consolidation has been going for an entire month. Normally when prices are set to drop, the drop happens right after the top... Here we see this dynamic and so we know that something big is going on. With that said, market conditions can always change. Make sure to do your own research and planning, as trading involves risk and while there can be big win, loses are also part of the game. Thank you for reading. Namaste.
Short
by AlanSantana
4
BNB - Looking For Wave (C) Thrust To 20K...Based on the latest crypto analysis, I present my revised perspective on Binance Coin. The analysis suggests that the corrective phase of Wave (B) concluded in June 2022, finding support at $183. Presently, we seem to be entering the initial phases of a 5-Wave Movement for Wave (C). Confirmation of Wave 3 initiation comes with a breach above $340. I consider the range between $183 and $340 as the optimal buying zone, and I anticipate the price to hover within this range, possibly until around April, influenced by the Bitcoin halving. During this period, it is advisable to employ dollar-cost averaging. The 20K target is based on the measured move for the 10,000% upward movement observed in Wave (A). I will provide further updates as the accumulation phase gradually nears its conclusion.
Long
by AriasWave
1
BNB can rebound from the seller zone and start to declineHello traders, I want share with you my opinion about Binance Coin. Looking at the chart, we can see how the price some time ago rebounded from the resistance level and made an upward impulse to 332 points, but then the price rebounded down and started to decline in a downward channel, where it fell lower than 308 level, thereby breaking it. Next, the price fell to the support level, which coincided with the buyer zone, after which it bounced up from this level and rose higher than the resistance level, thereby exiting from the channel. But soon, BNB turned around and declined to the 290 support level. Then price made an upward impulse from this level and later started to trades inside the range. In range, BNB rose to 321 points, and then made a downward impulse to the support level, breaking the resistance level with the seller zone. Price fell to the buyer zone, after which it rebounded and rose to the seller zone, but recently it turned around and fell below. At the moment, Binance Coin trades near this zone and I think the price can grow to the resistance level and, or to the seller zone and then start to decline to the support level. For this reason, I set my target at the 290 level. Please share this idea with your friends and click Boost 🚀
Short
by LegionQ8
1
BNB/USDT 4HInterval ChartHello everyone, I invite you to review the BNB chart on a four-hour interval. Let's start by identifying with the blue lines the downtrend channel where the price goes towards the upper limit. Now let's move on to marking the support areas for the price and after unfolding the trend based fib extension saitka, we can see that first of all we have support at the level of $291, which has already held the price several times, and then it is worth defining the support zone from $277 to $270. Looking the other way, we can similarly determine the resistance areas and here we can immediately see how the price is struggling with the strong resistance zone from $300 to $304, if we manage to break out of it, it is worth taking into account the resistance at $315. When we look at the RSI indicator, we can see that there is still room for the price to increase, but we have approached the downward trend line, and additionally, we have exceeded the upper limit on the STOCH indicator, which may translate into another price recovery.
by cryptodailyuk
BNB: Bullish FlagTrade setup : Price remains in an Uptrend. Following a bullish break above $300 key level, price reached as high as $338 but got very overbought (RSI > 80). Now it’s consolidating in a Bullish Flag pattern, which is a continuation pattern that typically resolves in a bullish breakout in the direction of the existing Uptrend. We wait for a breakout to confirm the Uptrend, with upside potential to $350 thereafter. Pattern : Bullish Flag pattern. Short term small rectangle trading range between diagonal parallel lines. It moves counter to the prevailing price trend observed in a longer time frame on a price chart. It forms typically following a sharp advance and often indicates a small change in direction (or areas of consolidation) before the previous trend resumes. Flag pattern is among the most reliable continuation patterns that traders use because it generates a setup for entering an existing trend that is ready to continue. Trade is initiated on a breakout, if it is in the same direction as the prevailing trend. Also, with bullish flag patterns, traders prefer a breakout with an increase in volume but it isn’t a must. Trend : Neutral on Short-Term basis and Uptrend on Medium- and Long-Term basis. Momentum is Bearish (MACD Line is below MACD Signal Line, and RSI is below 45). Support and Resistance : Nearest Support Zone is $300, which it broke, then $260. The nearest Resistance Zone is $350.
Long
by altFINS
Binance vs SEC - BNB Play!Binance had a difficult 2023 as the US Gov effectively removed CZ from office and strangled their operation in the US. Binance however seemed to take it in stride paid their fine and moved on, returning quickly to their dominant position and maybe highlighting crypto's global nature by thriving despite a hostile US market. The issues in the US however are not over with the SEC currently in court with Binance seeking to prove that they were illegally selling securities as an unlicensed broker. One of the coins the SEC are considering an unregistered security is Binance's utility token BNB. Now, predicated on the recent XRP ruling (not a security, when theres probably a better case to make XRP a security) and the SEC's history with crypto of getting their asses handed to them combined with their general incompetence (I'm thinking Greyscale, the ETFs and the absolute S show they made of the approval announcement) I think its worth a punt on BNB and Binance winning this case. Since their is a general level of animosity towards Binance in the US I think they are likely to get a rougher ride than US based firms like Ripple and Greyscale so I'm placing my stop below the 180 support. Binance has both burn and buyback mechanisms in place for BNB so I'd expect they will defend this price point in the worst case scenario.Slight risk mitigation there and I imagine being labelled a security in the US wont stop traders abroad snapping up cheap BNB. Technically, nice uptrend following the previous legal case resolution. 2024 has been spent forming this falling wedge which, especially on the daily, could signal a break to the upside is imminent (at the very least we should see a bounce from the trendline support). I've also added a second DCA entry at 260 which historically has been price support (through most of 2022, and March 2023). In fact back in March when withdrawals suddenly stopped working on Binance and everyone expected FTX 2 Electric Boogaloo, 260 was the lowest BNB dipped. First two targets derived from the resistance on the chart, the rest from the FIB. Shout if you have any questions / thoughts!
Long
by CryptoNicho
2
HelenP. I Binance Coin will rebound from resistance zone to $320Hi folks today I'm prepared for you Binance Coin analytics. Some days ago price declined to the support zone, which coincided with support 2, and a few time traded near, but later bounced and tried to rise higher. BNB failed and made a correction to the trend line, after which the price made a strong impulse up to support 1, which coincided with the resistance zone. In a short time BNB broke this level and started to trades inside consolidation, where the price rose to the top part, but soon turned around and made correction to the resistance zone back. Price tried three time to rise, but only the third time it finally rose. But later BNB turned around and fell back to the resistance zone, where it continues to trades near the trend line at the moment inside consolidation. For my mind, Binance Coin will fall to support 1 and then rebound and start to move up in consolidation, thereby exiting from the resistance area. That's why I set my target at the 320 level. If you like my analytics you may support me with your like/comment ❤️
Long
by FirstNameHelen
2