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Binance Coin / TetherUS PERPETUAL CONTRACT

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BNBUSDT.P trade ideas

Binance Coin can reach resistance line of channel and start fallHello traders, I want share with you my opinion about Binance Coin. Observing the chart, we can see that the price not long time ago made a strong upward impulse to 336 points, thereby breaking 326 and 297 levels. After this, BNB started to decline inside the downward channel, where it at once, after a strong impulse up, made a correction movement to the support line from the resistance line of channel, thereby breaking the resistance level, which coincided with the seller zone. Also, in the channel, the price made a fake breakout of the resistance line, after which it made an impulse down and continued to decline in the channel. Later, BNB rose to the resistance level again, and even tried to break it, but failed and in a short time declined to the support level, which coincided with the buyer zone. Near this level, BNB two times declined to the buyer zone, even declined lower this zone, and at the second try price turnaround and made a strong impulse up to the resistance line of the channel, which continues close at the moment. So, I think Binance Coin can reach this line and then start to decline to the support level. For this case, I set my target at the 305 points, which coincides near with the support level. Please share this idea with your friends and click Boost 🚀
Short
by LegionQ8
2
🌟🔍 Binance Coin (BNB) Post-Pump Analysis and Strategies 📈🛑 🔺 BNB's Current Consolidation: After a significant pump from the entry point of $250, BNB is now in a resting phase. The next upward movement could potentially commence from around $350. 📊 Weekly RSI Approaching Overbought: The Relative Strength Index (RSI) in the weekly timeframe is nearing overbought territory, suggesting a possible rally towards $350. 🔐 Personal Holding Strategy: I am continuing to hold my previous BNB purchases and not moving my stop loss. I believe our entry point is strong, and in the event of a downturn, I plan to hold through for a potential bull run. 📈 Futures Trading Strategy: For futures, a long position can be considered after surpassing $324, but a large stop loss might not be advisable. 💼 Holding Without Profit Booking: I am not planning to book profits on my holdings as of now. 🚨 Market Caution: The overall market is at a point where a correction is likely, so it’s important to trade with proper capital management and definitely set stop losses. 🔑 Related Categories: Binance Coin (BNB) Post-Pump Behavior RSI Analysis Holding and Trading Strategies How are you adjusting your strategies in response to BNB's recent movements and the overall market situation? Are you holding, trading, or reassessing your positions? Share your approach! 💬🌐 #BNBStrategy #CryptoTrading #TradeCityPro 📚 Remember: Cryptocurrency markets are volatile. Always ensure to manage your investments wisely and stay informed about market trends! 🧠💼
Long
by tradecitypro
10
BNB: Resistance BreakoutTrade setup : Following a bullish break above $300 key level, price reached as high as $338 but got very overbought (RSI > 80). Now it’s pulled back to $300 support, which could be an attractive swing trade entry in Uptrend, with upside potential to $350. Stop Loss (SL) level at $285 (10% downside risk versus 20% upside potential for a 1:2 Risk-Reward Ratio). Trend : Uptrend across all time horizons (Short- Medium- and Long-Term). Momentum is Mixed as MACD Line is below MACD Signal Line (Bearish) but RSI > 55 (Bullish). Support and Resistance : Nearest Support Zone is $300 (previous resistance), then $260. The nearest Resistance Zone is $350.
Long
by altFINS
🔥BNB Will Dump: Everyone Expects It, Right?🤔Binance have not the best year according to the paid media. BTW, this is a largest and most regulated crypto exchange in the world, which have 100% proven reserves backed by BTC, stablecoins etc. The return of BNB inside the triangle will be a bullish signal. I recommend you to take a look on the Binance Coin weekly candle close. The targets are on chart. 💥 I think it is too early to bury Binance and BNB. What do you think? like❤️ and follow Check the links and get a BONUS🎁 from me👇
by Alex_Dehtiarov
3
HelenP. I BNB can correct to trend line again and then bounce upHi folks today I'm prepared for you Binance Coin analytics. If we look at the chart, we can see how the price some days ago traded in the support zone, which coincided with support 2 and soon broke this level. Next, BNB made a retest and tried to rise more, but failed and made a correction to support 2, which coincided with the trend line at the moment. After this, the price rebounded from the trend line and made a strong impulse up to support 1, which coincided with one more support zone, and in a short time, BNB broke this level too. Then price repeated the retest movement and continued to move up to 338 points, after which BNB rebounded and made a correction movement to the support zone. In the zone, the price declined to the trend line, but at once rebounded from this line and rose higher than this zone with support 1. At the moment, Binance Coin trades near the support zone, and I expect that the price can make a correction to the trend line one more time and then rebound and continue to grow. That's why I set my target at the 326 level. If you like my analytics you may support me with your like/comment ❤️
Long
by FirstNameHelen
1
BNB ANALYSIS🔮#BNB Analysis 💰💰 💸💸As we can see that #BNB was trading in a descending triangle in a weekly time frame . After the breakout of the pattern the price breaks above $300 (As we said). Currently #BNB is facing a major resistance area and if there is a breakout of the resistance zone then we will see more higher price. 🚀🚀 🔖 Current Price: $299.2 ⏳ Target Price: $450 ⁉️ What to do? - We can trade according to the chart and make some profits in #BNB. Keep your eyes on the chart, observe trading volume and stay accustom to market moves.💲💲 🏷Remember, the crypto market is dynamic in nature and changes rapidly, so always use stop loss and take proper knowledge before investments. #BNB #Cryptocurrency #Pump #DYOR
Long
by ZEUS_Market_Alerts
1
SasanSeifi 💁‍♂Weekly Price Analysis and Growth ExpectationsHey there! In the weekly time frame, as observed, after breaking out of the range, the price has managed to rise to the price range of $238. It is currently within the $230 price range. The expectation we can have in the weekly time frame is that, if it consolidates above the significant resistance range of $230, we might witness further growth toward the price range of $250 and the liquidity range of $260. In the case of growth, for a better understanding of the continuation of the price movement, we need to see how the price will react to the resistance zones. 🟢 Keep in mind, it's essential to perform your own analysis and take into account additional factors prior to making any trading choices. Best of luck! ✌️ ❌ (DYOR) - Do Your Own Research...⚠️⚜️ Of course, if you have any more inquiries or require further clarification, don't hesitate to reach out. I'm here to assist you! If you found my analysis beneficial, I would be grateful for your support through likes and comments. Thank you! 🙌
by SasanSeifi
2
BNBUSDT - Price can bounce up to $327 level from support areaHi guys, this is my overview for BNBUSDT, feel free to check it and write your feedback in comments👊 Some time ago price bounced from support area, which coincided with $254 level, and declined to support line of rising channel. After this, BNB at once bounced up from this line to resistance line of channel, thereby breaking $254 support level. Next, price made little correction, and after this, it made upward impulse to $338 points, breaking $300 level and exiting of channel. Also then, BNB started to trades in wedge, where it soon bounced from resistance line and declined to support line of wedge. Now, price continues to trades very close to this line and in my mind, Binance Coin can fall to support area and then bounce up to $327 If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
2
BNB/USDT 4HInterval Chart support and resistanceHello everyone, let's take a look at the BNB to USDT chart on a four-hour time frame. As you can see, the price is moving below the local downtrend line. After unfolding the trend based fib extension grid, you can see support at the level of $302, which has maintained the price, and then you can see the support zone from $295 to $286. Looking the other way, there is resistance at $313, followed by a strong resistance zone from $327 to $334. Looking at the RSI indicator, we can see a rebound with room for a larger decline, while the STOCH indicator shows a rebound from the lower limit, which is also confirmed by a slight price rebound on the chart.
by cryptodailyuk
BNB: Resistance BreakoutTrade setup : Following a bullish break above $300 key level, price reached as high as $338 but got very overbought (RSI > 80). Now it’s pulled back to $300 support, which could be an attractive swing trade entry in Uptrend, with upside potential to $350. Stop Loss (SL) level at $285 (10% downside risk versus 20% upside potential for a 1:2 Risk-Reward Ratio). Trend : Uptrend across all time horizons (Short- Medium- and Long-Term). Momentum is Bullish but inflecting. MACD Line is above MACD Signal Line and RSI is above 55 but momentum may have peaked since MACD Histogram bars are declining, which suggests that momentum is weakening. Support and Resistance : Nearest Support Zone is $300 (previous resistance), then $260. The nearest Resistance Zone is $350.
Long
by altFINS