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BNBUSDT trade ideas

$BNB's Holy Grail Confluence: High-Odds Long Setup! Overview: Binance Coin CRYPTOCAP:BNB is presenting a high-probability long opportunity backed by multiple confluence factors, akin to the "holy grail" of trading setups. With Bitcoin (BTC) holding the $60,000 level and bouncing back, both BNB and BTC are exhibiting bullish divergence on the 1-hour chart. BNB is firmly supported at the $535-$545 range, hitting previous support levels and reinforced by a High Volume Node (HVN) just below it. Additionally, both BTC and BNB have crossed above the Volume Weighted Average Price (VWAP) and the 30 & 60 Exponential Moving Averages (EMAs) on the 15-minute chart. The Relative Strength Index (RSI) is crossing above 50 on the 1-hour chart, signaling increasing bullish momentum. As traders, we manage probabilities, and this setup—with multiple confluence points—is as close as it gets to the "holy grail." These factors collectively enhance the odds in favor of a successful long trade. 📈 Technical Analysis: 🔹 Strong Support at $535-$545: Previous Support: BNB is holding above this critical support zone, which has acted as strong support in past trading sessions. High Volume Node (HVN): Significant trading activity below adds extra support, suggesting heavy accumulation. 🔗 BTC Correlation: BTC Holding $60k: Bitcoin maintaining the $60,000 level and bouncing back adds bullish momentum to the crypto market. Bullish Divergence: Both BTC and BNB show bullish divergence on the 1-hour chart, a powerful indicator for potential upward movements. 📈 VWAP and EMA Crossovers: Above VWAP and EMAs: On the 15-minute chart, BNB has crossed above the VWAP and the 30 & 60 EMAs, indicating a shift to bullish momentum. 💪 RSI Momentum: RSI Crossing Above 50: The 1-hour RSI is crossing above 50, confirming increasing buying pressure and bullish sentiment. Trade Setup: 🟢 Entry Point: Consider entering a long position around the current price level ($549), after confirmation from the aforementioned indicators. 🛡 Stop Loss: Place a stop loss at $532 to manage risk effectively. 🎯 Take Profit Targets: TP1: $570 – aligns with minor resistance levels. TP2: $580 – corresponds with the next overhead HVN, offering an attractive risk-to-reward ratio. 💰 Risk-to-Reward Ratio: Approximately 1:1.5 or 1:2, depending on your stop loss placement and risk appetite. Key Factors to Monitor: 🌐 BTC Movement: Continued bullishness in BTC can further support BNB's upward trajectory. Conclusion: BNB is showcasing a "holy grail" confluence with multiple high-odds factors aligning for a significant upward move. The strong support levels, bullish divergence, crossing above key moving averages, and positive RSI momentum collectively create a robust long setup. Managing probabilities through these confluence points enhances the confidence in this trade idea. 🧠✨
Long
by Willell1367
BNB - BEST Buy ZonesHistorically , large wicks usually get filled almost in the same way that a gap gets filled. It may not be soon, but if you're willing to wait a few weeks (or even a few months) you could get in lower and buy at a more ideal price. (see Warren Buffet's trading philosophy on Buying at the RIGHT PRICE👇) The particular wick in reference is the following one. The range is extremely wide, and there's a $100 gap where you could possibly dollar-cost-average: Even if we would fall this low in the SHORT term, the price would still be bullish - we are evidently still trading in a bullish cycle, as this is likely a multi-month corrective pattern paying out. If you've been following for a while, you'll know i have been referring to this multi-month cycle on numerous occasions; anticipating the final impulse wave up according to Elliot Wave Theory (wave 4-5). In the meanwhile, you could get lower entry prices on your favorite altcoins. __________________________ BINANCE:BNBUSDT
Short
by CryptoCheck-
BNB Locked in a Persistent Downtrend: Navigating the Bearish Ch.**BNB Locked in a Confirmed Bearish Channel: Deeper Correction Ahead?** In our previous analysis of BNB, we identified the 618.60 level as a pivotal resistance zone, marking a significant turning point for the asset. This zone acted as a major barrier, and true to form, BNB was unable to sustain its upward momentum after testing this level. As a result, the market has shifted gears and is now signaling a deeper bearish correction. Today’s price action saw BNB decisively break below the 595 level, reinforcing the confirmation of a bearish trend that has been gradually building. The strength of this breakout appears solid, with technical indicators aligning to suggest further downside potential. The pattern forming in the charts looks robust, further enhancing the probability of an extended bearish movement. This shift in sentiment raises the likelihood of a more pronounced downward correction in the coming sessions. Based on the recent breakdown and the broader technical picture, BNB now faces the possibility of testing key support levels at 545 and 500. These zones may serve as critical areas where buyers could re-enter the market, but until then, the bearish outlook remains firmly in play. The confirmation of this bearish movement, which was already anticipated in earlier analysis, adds weight to the idea that BNB's recent price action is part of a broader correction cycle. Traders should closely monitor how the asset behaves around the 545 and 500 levels, as these areas will be pivotal in determining whether the correction continues or if a potential rebound is on the horizon. In conclusion, BNB's confirmed bearish channel signals a potential for further declines, with key supports looming ahead. While the overall technical setup suggests that the market may see increased selling pressure, the upcoming tests of the 545 and 500 zones will be crucial in shaping the next phase of BNB’s price action. Traders, if you found this idea helpful or have your own insights to share, feel free to drop a comment. I’d love to hear your thoughts!
Short
by lonelyPlayer0
Binance Coin 4 Months Long Lower High ConfirmedWe looked at Binance Coin (BNBUSDT) many times, recently, and the chart continues to point toward lower prices. A new bearish development just came in with the previous weekly close. How are you feeling today? I hope you are having a wonderful Monday. Binance Coin produced a total of three green weeks with last week close, the first time since May/June. The last time this happened, what followed was a major crash. Closing three weeks green of course is bullish, if we were looking at a support level or a rising trend; but, when the action is already negative, we see prices moving lower, a three weeks long price-bounce is bad news because it means that there is no more up. Notice how in early 2024 three weeks green would produce a bull-run. Now, in late 2024, three green weeks is nothing more than sideways and a lower high. This means that there is no bullish momentum and the trading volume decreasing since March is the proof that the market is going down not up. The $300 to $333 price range is the same level at which BNB traded back in January 2024 and December 2023. This is the main support for the next drop. Please keep in mind that this is a weak support. It can definitely hold the price for a while but we don't know if it will hold for long. A reversal will happen after this correction is over. After the correction is over, we will see long-term growth. New All-Time Highs in 2025. One last major drop in 2024. Namaste.
Short
by AlanSantana
2
BNB/USDT LONG TRADE SETUP AND ANALIYSIS !!This BNB/USDT chart provides an update with a long trade setup. Binance Coin (BNB) is currently trading around $578.1, and it is retreating slightly after touching the resistance zone. Around $534.1, indicated by the following trendline, provides a potential bounce zone. The target resistance level is around $711.4, which suggests bullish potential for this long trade. The current price level of around $578.1 can be seen as an entry point for a long position, expecting the price to rise. As protection against downside risk, support lies just below the level of around $507.1. The green box highlights a target zone near $711.4, which offers a favorable risk-reward ratio if the price continues to move upwards. The chart also indicates a potential breakout from the descending trendline, with the yellow moving average suggesting upward momentum. The long setup expects the price to continue rising after this pullback, with the moving averages supporting the positive trend. 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. You can DM us for information on any other altcoin. @Peter_CSAdmin
Long
by CryptoSanders9563
Why is BNB coin Trending In 3 Days?Honestly i thought the dollar was going to rise.. but from the look of things it will down trend up until December.. - Yesterday I stood outside in the hot sunlight under a Jacaranda Tree thinking, about why am not calling for help or assistance - I pray for help most of the times, but this time I was in silence, maybe it was a silent prayer. - The economy is in a state of a major shock! and the stock market needs help. That is why the US central bank is dropping rates - To create money that will incentivise business development, economic growth, and society living. - Now is this the best solution for everybody? Maybe not.As an individual looking to the government to help you - can be a solution. But as for me I look to Bitcoin COINBASE:BTCUSD as an insurance against inflation - In this case, we are looking at another alternative currency to Bitcoin Called Binance coin. BINANCE:BNBUSDT - Using the stochastic RSI you can see that this asset is in a form of a breakout session. - Meaning its a good buy even though its overbought - In order to learn more rocket boost this content. - Disclaimer: Trading is risky, please learn risk management and profit-taking strategies.
Long
by lubosi
BNBUSDT Targeting 2021 All-Time High Amid CZ's Release!!BNBUSDT has successfully broken through key resistance levels and is gaining momentum towards the all-time high seen during the 2021 bull market. With Binance founder CZ set to be released today after serving 119 days in prison, this event may significantly impact BNB's price action. Expecting a substantial upward movement, but as always, ensure you have your stop-loss in place to manage risk effectively. BNBUSDT (1W Chart) Technical analysis BNBUSDT Currently trading at $608 Buy level: Above $600 Stop loss: Below $500 TP1: $650 TP2: $720 TP3: $850 TP4: $1000 Max Leverage 3x Follow Our Tradingview Account for More Technical Analysis Updates, | Like, Share and Comment Your thoughts
Long
by GreenCryptoTrades
Is it worth investing in BNB in 2024? Binance Coin (BNB) is the token of the largest cryptocurrency exchange Binance. BNB holders can get discounts of up to 25% on trading fees, participate in initial coin offerings, and earn passive income through staking. However, BNB remains volatile as its price depends on the success of Binance and the overall popularity of the crypto market. In 2021, we witnessed an incredible rise — from $40 to $690 at its peak. But should we expect this success to repeat soon? I’ve conducted a thorough analysis, and here’s why I believe BNB is a good investment: There are no serious competitors, and we won’t see any in the near future. BNB is trading in an upward channel, as shown by coins like TWT. Strong tokenomics: Binance burns part of the BNB supply quarterly, reducing the circulating amount. New listings on Binance often provide additional opportunities for allocations. There are many other positive factors. I recommend considering this opportunity.
Long
by CHOWTRADE
BNB Set to Rise for the “E” Wave of the PatternBNB Set to Rise for the “E” Wave of the Pattern BNB is currently moving within a well-defined ascending channel, and the price is poised to rise for the next “E” wave of the pattern. Given that BTC is also well-positioned for a bullish movement, it is likely that BNB will continue its bullish price development. However, if the price breaks down from the channel today during the release of the US PCE data, it could open the door for a bearish scenario. While the future is uncertain, it is wise to be prepared for both bullish and bearish moves. You may find more details in the chart! Thank you and Good Luck! ❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Long
by KlejdiCuni
4
BNB/USDT 4HOUR CHART UPDATE !!The chart shows a downward-sloping resistance line (white), which seems to have been tested several times. This line indicates a strong resistance area. The green line probably represents an important moving average (potentially 200-period), which acts as dynamic support/resistance. In this case, the price has been interacting with this line frequently, sometimes as support and sometimes as resistance. At the end of the chart, you can see a symmetrical triangle pattern forming between the sloping trendline and support levels. This usually indicates potential price consolidation before a breakout in either direction. The green projected price path suggests a potential bullish breakout from the current triangle formation, heading toward the key resistance level of around $711.4. The zigzag pattern shows a potential retracement but overall upward momentum. The price is currently around $602.1, slightly below the resistance area. A breakout above the triangle and the moving average could lead to a significant bullish rally. Do you want further analysis on breakouts or key indicators? 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.
by CryptoSanders9563
BNB trying to reset the indicatorHello, traders. If you "Follow", you can always get new information quickly. Please click "Boost" as well. Have a nice day today. ------------------------------------- The StochRSI indicator is showing signs of falling below 50 even though it has not fallen much. In order for the StochRSI indicator to be reset, it must touch the oversold zone. When the StochRSI indicator is reset and rises in the oversold zone and becomes StochRSI > StochRSI EMA, it is expected to create an upward wave if it receives support and resistance points on the 1M, 1W, and 1D charts drawn on the chart. The point of view is how BTC will reset the StochRSI indicator. - Important support and resistance zones - 578.4-595.0 - 496.0-498.3 The two zones above are important support and resistance zones. - If it falls below 595.0, the M-Signal indicator on the 1D chart is rising near 578.4, so you should check whether it can be supported and rise near this area. Therefore, the key point is where the StochRSI indicator enters the oversold zone or the BW indicator touches the lowest point (0). - If it rises from 595.0, 1st: 606.7 2nd: 664.3 You should respond depending on whether there is support near the 1st and 2nd above. - Have a good time. Thank you. -------------------------------------------------- - ​​Big picture It is expected that the real uptrend will start after rising above 29K. The section expected to be touched in the next bull market is 81K-95K. #BTCUSD 12M 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (overshooting) 4th: 134018.28 151166.97-157451.83 (overshooting) 5th: 178910.15 These are points where resistance is likely to be encountered in the future. We need to see if we can break through these points. We need to see the movement when we touch this section because I think we can create a new trend in the overshooting section. #BTCUSD 1M If the major uptrend continues until 2025, it is expected to start by creating a pull back pattern after rising to around 57014.33. 1st: 43833.05 2nd: 32992.55 -----------------
by readCrypto
BNBUSDT SHORT 15M TF🚀The Atom Signals Trading View Indicator is a sophisticated tool designed for traders seeking to enhance their market analysis and trading strategies. Developed with the intention of providing clear and actionable signals, this indicator leverages a blend of technical analysis techniques to identify potential entry and exit points in the market. It aims to simplify the decision-making process by offering visual cues and alerts, which can be particularly valuable for both novice and experienced traders.🤖 🚀Key features of the Atom Signals Indicator include its adaptability to various trading styles—whether you're a day trader, swing trader, or long-term investor. By incorporating elements like trend detection, momentum analysis, and support/resistance levels, it provides a comprehensive overview of market conditions. This versatility makes it a useful addition to any trader's toolkit, regardless of the asset class they are focusing on, be it stocks, forex, cryptocurrencies, or commodities.🤖 🚀With its user-friendly interface on Trading View, the Atom Signals Indicator is accessible to traders of all experience levels. It not only aids in identifying trading opportunities but also assists in managing risk by highlighting potential reversals or consolidations. Whether you're looking to fine-tune your strategy or gain a fresh perspective on market movements, the Atom Signals Trading View Indicator offers a valuable resource for informed decision-making in the fast-paced world of trading.🤖 Based on the indicator we predict as shown in the charts. You can check the indicator. You can DM for more info. 🚀Good Luck!
Short
by Atom_Indicator
BNBSUD SHOWING A GOOD UP MOVE WITH 1:10 RISK REWARD BNBSUDSHOWING A GOOD UP MOVE WITH 1:10 RISK REWARD DUE TO THESE REASON A. its following a rectangle pattern that stocked the market which preventing the market to move any one direction now it trying to break the strong resistant lable B. after the break of this rectangle it will boost the market potential for break C. also its resisting from a strong neckline the neckline also got weeker ald the price is ready to break in the outer region all of these reason are indicating the same thing its ready for breakout BREAKOUT trading are follws good risk reward please dont use more than one percentage of your capitalfollow risk reward and tradeing rules that will help you to to become a bettertrader thank you
Long
by tradergyan01