BNBUSDT Price can exit from wedgeBNB forming a rising wedge. Divergence is seen on RSI
Trade taken according to analysis done on chart
BNBUSDT.P trade ideas
BNBUSDT- In Trend ReversalBNBUSDT is making a double top and RSI indicator also showing divergence, indicating a trend reversal. Can take an entry by placing sell stop order on breaking of the neckline or can take instant entry of neck line is already broken.
BNBUSDT - Price can exit from wedge and fall to support levelHi guys, this is my overview for BNBUSDT, feel free to check it and write your feedback in comments👊
After the price started to trades in flat, it first declined of support level to the support area, where BNB as few time traded.
Later price broke $228 level again, rose to the top part of flat, and then started to trades higher than the support level.
Then BNB exited of flat and rose to $245 level, which coincided with the resistance line of wedge, and soon bounced down to the support line.
In wedge, the price in a short time broke $245 level and then rose to the resistance line of the wedge, but recently it fell to this level.
Now, BNB trades near the support line and I expect the price can make a little movement up and then it bounces down to $245 level, exiting from wedge.
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[05-12-2023] $BNB BREAKOUT & RETEST FOR SEVERAL TIMESCRYPTOCAP:BNB chart shows a falling wedge pattern that has recently broken to the upside and already retest for several times. If the current trend continues upward following the breakout, a trend-following strategy could involve buying on pullbacks or consolidations with a stop-loss set below recent swing lows or the breakout point to minimize potential losses.
BNB → Price is showing an interesting bullish outlook BINANCE:BNBUSDT breaks the resistance of bearish trend on the background of improving fundamental situation. For the activation of the bullish phase of the market, a few more conditions must be met.
We can see that CRYPTOCAP:TOTAL capitalization, following the COINBASE:BTCUSD growth, is also moving into a bullish trend format. BNB is falling away due to regulatory and governance issues. At the moment, the fundamental environment is improving and the price is starting to show interesting prospects.
The break of the descending wedge resistance is a strong enough signal, the price is testing the MA-50 support and the bulls are confidently consolidating their positions above the moving average. At the moment, the resistance of the current consolidation - 257.8 - is holding back the market from going bullish.
A break of this resistance will be accompanied by a surge in volumes, volatility and the formation of a bullish impulse.
Support levels: 226, MA50, 203.4
Resistance levels: 257.8
I expect a breakout of the mentioned resistance after the next retest. On the background of favorable conditions it may happen rather quickly. Targets are 336.8, 439.0.
Regards R. Linda!
BNB Following my ideasBinance coin is perfectly following my ideas. 264 will be my target and i will start considering a short at this price level. We are up 8% o spot, enjoy
finally bnb preparing for massive recovery bnb looking good for solid recovery
formed symmetrical triangle in 3 days timeframe and soon expecting massive breakout incase of successful breakout expecting solid bullish rally
expecting 2 3x bullish wave incase of successful breakout
BNB Macro Wyckoff Reaccumulation The one I posted before this had the image blocking the chart.
BNB Macro Wyckoff Reaccumulation
Capo probably going to get unbelievably REKT on his short
Not financial advice
BNB Macro Wyckoff ReaccumulationBNB Macro Wyckoff Reaccumulation
Capo probably going to get unbelievably REKT on his short
Not financial advice
BNBUSDT Long (longterm posision)"I believe BNBUSDT is currently forming a triangle pattern, nearing its completion. The breakout is imminent. However, it's essential to consider the fundamental aspect as the fundamental performance of BNB is not favorable. Despite this, there is a promising long-term technical position, and I plan to trade it with approximately 2x or 3x leverage."
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✴️ Binance Coin Looking BearishDaily trading volume is really high and green but to me Binance Coin is still bearish... Let's look at the reason why!
➖ The RSI peaked 6-Nov.
➖ Yesterday's candle has a long upper wick.
➖ Today's candle also has a long upper wick with a lower high compared to yesterday. This one can turn into a worrisome signal.
✔️ If the day closes low or red, it can indicate Binance Coin (BNBUSDT) is ready to crash big time.
✔️ If BNB closes above 258, we can consider this analysis invalid but bearish potential will remain in place as long as the 268.4 high holds as resistance. Only above this level can this pair be considered bullish again for varied reasons.
Generally speaking, all the technicals are bullish... But we have to read between the lines to able to spot when change is about to take place.
This is just a potential scenario and needs confirmation.
Binance Coin is set to crash!
Thank you for reading.
Namaste.
BNB / TetherUSD decision point comingLog scale: weekly RSI now at 50 and BNB-USDT is entering the narrowing edge where the chart has to decide. Down will mean lots of pain, with a potential fallback to $40.
🌟🔍 Binance Coin (BNB) in a Critical Zone 📉💠
🚨 BNB's Risky Range: Binance Coin (BNB) is currently in a precarious range between $241 and $205. Its position within this zone could significantly impact the broader digital currency market.
📉 Lack of Support Below $205: There is almost no static support below the $205 level. A fall below this point could lead to undesirable market consequences.
📈 Potential Upside Movement: As long as BNB remains within this box, an upward movement could positively influence the altcoin market. However, reaching the box's upper limit of $241 could hinder the growth of other altcoins.
🛒 BNB Buying Strategy: Consider buying BNB after it crosses $241, with a stop loss around $200, which represents a risk of approximately 20%.
🔻 Downward Movement Impact: A downward trend in BNB could lead to a drop in altcoin values. I'll discuss the implications of BNB falling below $205 in more detail later.
💡 Personal Approach: I plan to wait and buy BNB after it surpasses $241 and then hold.
🔍 Key Resistance Ahead: An important resistance to watch is at $350. Beyond this point, there is no significant resistance.
🔑 Related Categories:
Binance Coin Analysis
Market Impact and Strategy
Support and Resistance
📣 How are you navigating BNB's current position? Do you see an opportunity or a risk? Share your insights! 💬🌐 #BNBAnalysis #CryptoMarketImpact #TradeCityPro
📚 Remember: Cryptocurrency trading is highly speculative and risky. Always conduct your own research and consider your financial goals and risk tolerance! 🧠💼
