Binance Coin (BNB): A Possible Liquidity Hunting Incoming!Binance Coin has been showing some signs of recovery and possible upward movement here but yet we are starting this month with some dominance from sellers. We have 2 possible scenarios here on the coin so now all we can do is wait out for them to be executed!
More in-depth info is in the video—enjoy!
Swallow Team
BNBUSDT trade ideas
Is there any hope for investors in BNB?
In the higher time frames (daily, weekly and monthly), if we look closely, the price is suffering in a range that is constantly getting narrower. Of course, in recent weeks (due to the strong upward wave that has existed in the entire market), the tendency of these sufferings has been upward and in general, it can be said that the buyer has acted stronger than the seller.
If we look closely at the 4-hour timeframe, the price range is clearly defined in the past 24 days. Of course, it is slightly inclined upwards.
In general, in terms of probabilities, a strong breakout to the upside (the price can stabilize above $680) can increase the likelihood of a significant growth.
But the significant point that cannot be ignored is why, in a market where all high-potential cryptocurrencies are growing and have broken new resistances, this cryptocurrency has not been able to reject its main resistance so far?? The growth of this cryptocurrency so far (in the upward trend) is not really interesting compared to its good competitors. We can say that this cryptocurrency has been the loser in the upward competition between high-potential currencies so far. This worries me about the future of this symbol.
Conclusion
If I were to make a complete and actionable conclusion, I think that if the price breaks and stabilizes above the drawn area, we can expect a minimum growth of this symbol to the $900-$1000 area. However, based on the fundamental studies I have done and the analysis that exists in the crypto community regarding the foundation and future of this symbol, I do not think it is an ideal symbol for long-term holding and I think there are much better options to choose from.
BNB ANALYSISThe chart indicates an expectation of a short-term downward movement toward the $637 range, where buyers are likely to step in. The $637 to $620 zone is considered low-risk. The target profit is set at the $676 liquidity area; however, further growth beyond this level is anticipated, and the analysis will be updated accordingly.
This analysis is brought to you by the FXonbit Traders Team
long BNBmany people are busy with btc and eth specailly this cycle bnb has bout run eth already. and ethbtc pair going up there is huge potential for bnb to pump another 300% this cycle.
we now clearly above the resistance and market looks sloppy but ca not even close below resitance for single day.
higher higher low on daily
monthly closing above resitance is coming.
higher chance bnb flip eth with cz coming back from jail and and elon is bff with cz as he invested money when elon bought the twitter
and donaly is bff with elon.
time will tell this is just the story and technical linig up with interest rate coming down.
BNB AT MONTHLY RESISTACE!! BREAKOUT COULD BE MASSIVE!!Technical Analysis: #Binance (monthly update):
BNB looks too bullish in monthly time frame.
Everything explains in chart above.
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Binance Coin BNB Skyrexio Overview: Bull Market Is Almost OverHello, Skyrexians!
BINANCE:BNBUSDT is one of the strongest crypto assets on this bull run. Stronger even than Solana! It has printed the ATH with the Bitcoin while most of the crypto set the new bear market bottom. This early growth has the consequences, while most of crypto has just started their way to big gains, Binance Coin has the very restricted potential for further growth.
Let's take a look at the weekly time frame. Bull market has started suddenly with two green dots on Bullish/Bearish Reversal Bar Indicator which were very strong long signals. As always, alerts from this indicator are automatically replicated on my accounts. You can find the information in our article on TradingView. After that we have seen the impulsive wave to the upside.
Almost at the top indicator has printed red dot, first bearish sign of weakness. But don't worry, according to Elliott Waves theory this is just wave 3 top. After that we have seen the wave 4 correction to 0.61 Fibonacci retracement exactly! Now BNB is printing wave 5 which has the target area between $725 and $900. There we expect another red dot to make a decision that bull market is likely over.
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Skyrexio Team
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BNB thesis with RAG AI by Titan_KarmaBased on the current market conditions for BNB, the analysis indicates a favorable environment for entering a LONG position. The bullish sentiment is supported by strong trading volume and positive technical indicators, including an RSI above 60 and a favorable long-short ratio. The recent news surrounding Binance's legal challenges should be monitored closely, as it could impact market perception and BNB's price. Given the absence of open positions, this is an opportune moment to consider entering a LONG position, particularly if the price remains above key support levels.
##TRADE RECOMMENDATION
{
"OUTCOME": "OPEN_LONG",
"STOP_LOSS": "$643.51",
"TAKE_PROFIT": "$661.66",
"CONFIDENCE_LEVEL": "80%",
"EXIT_POINT": "$661.66",
"ENTRY_CRITERIA": {
"TIMEFRAME": "1h",
"RSI": "above 60",
"MACD": "above 0, 1h",
"ATR": "0.000298, 1h"
BNB/USDT CHART ANALIYSIS !!The BNB/USDT daily chart indicates a potential bullish breakout scenario, as the price consolidates within a symmetrical triangle.
The price is approaching the top of the triangle, indicating a potential breakout soon.
The current support zone lies around $600, which is aligned with the lower trendline of the triangle.
The immediate resistance lies at $645, which is near the upper boundary of the triangle.
A breakout above $645 could target the higher levels of $700-$750.
BNB is trading above the cloud, which indicates bullish momentum.
The cloud acts as a dynamic support around $580-$600.
Strong support exists at $600, reinforced by the horizontal zone and the lower triangle boundary.
A breakdown below $580 could invalidate the bullish setup, with potential support lying at $540.
An upward breakout could see BNB target $780 and beyond.
A downward move could revisit the $540-$550 range.
Watch out for a confirmed breakout above $645 for a long position.
Watch out for a breakout below $580, which could turn the momentum bearish.
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 coin.
@Peter_CSAdmin
Crazy BNB Forecast!! - $72,000 - PSYCHO MODE - on weekly chart, we see a large bullish triangle. Breakout range of this triangle is around USD 72,000 per piece.
Forecast seems crazy, but assuming an optimistic scenario for cryptocurrency market and BTC rate, which will break level of $100,000 for good, it may trigger a psycho mode on stock exchanges and mass logging in of new users.
Binance is largest cryptocurrency exchange - it has its BNB token, which has a unique tokenomics and is constantly mined.
Additionally, it significantly reduces exchange fees.
Cryptocurrency market is crazy and this scenario can be related too.
Good Luck :)
$BNB (BINANCE) Wave Just Starting – Targeting $1100!I posted about BINANCE:CAKEUSDT yesterday because I see greater potential gains in the near term. However, I can't ignore the big player, $BNB. If you're bullish on NASDAQ:CAKE , you must also be bullish on $BNB. The same logic applies to KUCOIN:CATUSDT as well.
I’m targeting an entry as close to $650 as possible. If CRYPTOCAP:BNB drops toward $600 (which I highly doubt), that would be my optimal entry point.
This is a position play, so I’ll be holding for the longer term, aiming for $1100 as my target.
BNBUSDT.1DThe daily chart of BNB/USDT highlights a critical juncture as the price navigates through key technical levels and patterns. This analysis will focus on recent price trends, key resistance and support zones, and the interpretation of major indicators.
Price Action and Structure:
BNB/USDT has been trading within a rising channel, displaying an upward trajectory. The recent peak at $721.80 marks the highest point before the price encountered resistance and slightly retraced to its current position at $641.51.
Resistance and Support Levels:
Resistance Levels: Immediate resistance is identified at $721.54 (R2), just above the recent high. If the price can surpass this level, it may explore new highs. The next critical resistance would then be the psychological barrier around the $750 mark.
Support Levels: The key support is currently near $611.37 (S1), which aligns with the lower boundary of the rising channel. A further support level is at $527.41 (S3), serving as a stronger baseline should the price break below S1.
Moving Averages:
The price movement above the dynamic support line (green ascending line) indicates that the overall market sentiment is bullish. This trend line acts as a potential rebound point for price pullbacks.
Technical Indicators:
MACD: The MACD exhibits a bullish signal with the MACD line above the signal line and the histogram in positive territory. However, a convergence towards the signal line may suggest a slowdown in momentum or a potential reversal if it crosses below.
RSI: The Relative Strength Index is at 57.87, indicating a neutral momentum. This level suggests that there is neither overbought nor oversold pressure, providing room for the price to move in either direction.
Conclusion:
BNB/USDT's current market setup on the daily chart suggests a cautiously bullish outlook with potential for further gains if it maintains its position above the rising channel’s support line. Traders should watch for the behavior around $611.37 (S1) and $721.54 (R2) to gauge the next likely movement. A sustained break above $721.54 could lead to new highs, whereas a fall below $611.37 might indicate a deeper correction towards $527.41. This analysis recommends maintaining stop losses near $611.37 to manage risks effectively, with a keen eye on MACD and RSI for early signs of trend reversal or continuation.
BNBBNB Coin: My friends who missed the explosive rise of Bitcoin, Ripple, and Chainlink, which we posted earlier on the page, the market still has strong opportunities for entry right now. For traders, you can enter with a quick target of $670, then $696, then $722 with an entry at $630 and a stop-loss at $609. For investors, the target is $990, with a stop-loss at $590."