#BNB 1H. Good resistance zoneAt the moment, the asset is in accumulation (sideways movement), where the price reacts to the support level each time. I expect a similar movement this time as well.
Locally, #BNB looks set to continue its growth, just like other altcoins, so personally, I continue to work from the buy side. I’ve illustrated the setup on the chart.
BNBUSDT.PS trade ideas
BNBUSDT.1DAs I analyze the BNB/USDT daily chart, Binance Coin is currently trading at 624.17. The chart displays a well-defined upward channel, with the price respecting the ascending trendlines. This suggests that the overall trend remains bullish in the medium term. The immediate resistance is located at R1 (around 619.29), which BNB has just surpassed, while the next major resistance lies at R2 (721.54), near the channel’s upper boundary.
On the support side, the price has strong levels at S1 (around 575), S2 (527.41), and S3, which aligns with the lower boundary of the channel. These levels provide significant zones of interest where the price could find buying pressure in case of a correction.
The MACD (12, 26) indicator shows a bullish crossover, with the MACD line above the signal line. The histogram is also positive, although it appears to be stabilizing, signaling that bullish momentum is strong but could be losing a bit of its intensity. This calls for close monitoring to see if the current momentum can be sustained.
A breakout above R2 (721.54) could confirm further bullish continuation, with the price potentially targeting levels beyond 750 or higher in the coming weeks. On the other hand, a rejection at R2 or a loss of momentum might result in a pullback toward S1 or S2, where the price could consolidate before making another attempt to move higher.
In conclusion, I remain optimistic about the upward potential of BNB/USDT, particularly if it continues to trade within the rising channel. My primary focus is on the behavior of the price around R2 and the strength of the current momentum. A breakout above R2 would affirm a strong bullish trend, while any pullback toward S1 or S2 could provide opportunities for accumulation before the next upward leg.
BNB Surges by 131% to $721 – A Prediction Fulfilled!The cryptocurrency BNB has delivered an extraordinary rally, soaring by 131% to reach an impressive price of $721. This massive rise is a testament to the strength of the market and the accuracy of our analysis. In our **last signal published on May 30, 2023, we forecasted this bullish move when BNB was trading at just $312.
The anticipated growth materialized perfectly, aligning with our detailed analysis and market projections. This achievement underscores the importance of strategic insights and the ability to identify potential opportunities in the cryptocurrency space. As BNB continues to gain momentum, we remain confident in its long-term potential. For those who followed our signal, this is a moment of triumph, validating the power of precise predictions.
Lingrid | BNBUSDT bullish MOMENTUM. Long from SUPPORT zoneBINANCE:BNBUSDT is currently in a bullish trend. Recently, it broke and closed above the consolidation zone, successfully breaking the 610 level, which had been tested multiple times. This contraction has led to expansion, suggesting that the market is likely to continue moving upward toward the resistance zone around 1000 setting up new all time highs. There is a possibility that the market may form a pullback toward the support zone before the further bullish direction. This pullback could provide a good buying opportunity for those looking to enter before the anticipated upward movement resumes. My goal is resistance zone around 700
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
BNB/USDT Chart Update !!BNB/USDT 1-day chart shows a bullish setup, showing the price breaking out of a descending triangle pattern, which is typically a continuation signal. Here is a breakdown of the analysis:
BNB has recently broken the descending trendline of the triangle, indicating a bullish trend continuation. As indicated by the green line, the next target appears to be around the $713 resistance level.
The 50-day (red) and 200-day (green) moving averages are both located below the current price, providing strong support levels if a pullback occurs. This setup is favorable for the continuation of the bullish momentum.
The downward-facing upward trendline indicates additional support, which could protect the price from significant declines and maintain the bullish structure.
This setup is favorable for a long position, with a target around $713 and a stop-loss below the breakout level to manage risk effectively. Keep an eye on potential pullbacks to the trendline or moving averages for re-entry points if the bullish momentum stalls.
Disclaimer: This analysis is for informational purposes and is not financial advice. Always stay updated with market movements and adjust your trading strategies as needed.
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$BNB Now $640 and Road to $1K If Price Breaks $800 see on chart BINANCE:BNBUSD
CRYPTOCAP:BNB Now $640 and Road to MIL:1K If Price Breaks $800 see on chart
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BNB Price Analysis: Potential Breakout Towards All-Time High (ATBNB/USDT (Binance Coin/Tether) pair on the daily timeframe, suggesting a potential bullish breakout. The price action is moving within an ascending channel, highlighted by the converging trendlines that support a bullish bias. The green support zone around $548 serves as a significant demand area where price rebounds have occurred previously, reinforcing its strength.
Currently, BNB is trading near $618, just above the support zone, showing signs of consolidation. The green horizontal line at $721.80 indicates the projected target, implying an 18.57% potential increase from the current levels. The white projection path suggests a breakout from the consolidation phase, leading to a steady climb toward the target.
The chart also shows a bullish confirmation supported by the moving averages, which are trending upward in parallel with the price movement. This pattern suggests that buyers are accumulating positions, aiming for a push toward previous highs.
Traders should monitor volume levels and overall market sentiment for confirmation of this breakout. A strong push above the resistance zone, backed by volume, would validate the bullish momentum and increase the likelihood of reaching the target of $721.80.
If you have #BNB, this is for you :)There is an important zone in the range of $630-640 for #BNB that will be tested in the next few days, if this zone is broken. Then stabilizes, the price will be ready to break new highs like $800. In the area of $640, we will see the initial unloading of buyers and then the price drop, if the trend line remains on the valid form after this drop, the validity of the trend will be very high to break $640.
BNBUSDT.1DAs I analyze the BNB/USDT daily chart, I observe several critical levels and patterns that could guide the upcoming price action. BNB is currently trading at approximately 614.31, approaching a significant resistance zone. I’ve identified resistance levels at R1 (619.29) and R2 (around 700), which could act as barriers if bullish momentum weakens. Conversely, support levels lie at S1 (around 570) and S2 (527.41), providing potential areas where buying interest may re-emerge if BNB retraces.
The price has been forming a series of higher lows, respecting an ascending trendline that aligns with S1, suggesting ongoing bullish momentum. However, the pattern also indicates a potential rising wedge formation, often associated with bearish reversals. If BNB fails to break above R1 and moves downward, the trendline near S1 could be a critical level to watch for support.
The MACD (12, 26) indicator is currently showing a bullish signal, with the MACD line positioned above the signal line, indicating upward momentum. Additionally, the positive histogram bars suggest growing buying pressure. However, I’ll monitor this closely, as any sign of weakening could point to a potential correction.
In conclusion, my outlook for BNB/USDT remains cautiously optimistic, with a focus on R1. A breakout above this level could propel BNB toward R2, signaling further bullish continuation. Conversely, failure to surpass R1 might result in a retracement towards S1 or even S2. I’ll remain observant, prepared to adjust my analysis based on the price action around these key levels.
BNB trade set up ideaWeekly time frame analysis
BINANCE:BNBUSDT was one of the best performers of the last bull run.
BNB retained its value relatively well ("only" -70% from ATH) during the bear market and formed a clear support zone around the 200$ mark from which it seems to currently be bouncing back to initiate the next impulse.
The Bollinger bands are very contracted and flat, announcing a strong potential move.
Daily time frame
After a steep decline in June 2023, BNB is constructing a reversal Head and Shoulders pattern on a strong multi-year support zone. Volumes confirm the psychological construct of this trend reversal pattern.
Strategy
Buying on a daily close above 235$
Objective 1: Head and Shoulders neckline at 261$ (+12%)
Objective 2: Top of the range at 336$ (+45%)
Objective 3: ATH at 665$ (+190%)
Invalidation
Mental Stop: below the shoulder at 220$
If prices retrace to this level we will wait for the daily closing price then set a Stop loss ¼ or Risk below the daily close price.
Risk = Distance between Mental stop and entry point.
BNB: H&S, Not Just a Shampoo!
The price action on BNBUSDT shows a well-defined Inverse Head and Shoulders (H&S) pattern, with the neckline situated at the critical 600 level. This serves as the immediate resistance zone that needs to be breached to confirm a bullish continuation. Should the price manage to break and sustain above this neckline, the first target aligns with the 720 resistance, while the extended H&S projection hints at a potential rally toward 900.
Currently, BNB is trading above the EMA ribbon, which remains bullish. The ribbon acts as dynamic support, reinforcing the positive sentiment. A failure to hold this level, however, might result in prolonged consolidation. Adding to the bullish narrative, the market has been printing higher lows, signaling underlying strength and a likely breakout in the near future.
Key Takeaways:
Immediate resistance at 600; a breakout sets sights on 720, followed by 900.
The EMA ribbon must hold to sustain bullish momentum.
Higher lows increase the probability of an upside breakout.
👨🏻💻💭 How high do you think BNB can climb? Drop your predictions in the comments below!
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