bulish chart bnb in futherthis chart in time month 88% after the area support then the pattern cup silimiler than the pass 88% growth...bnb
BNBUSDT trade ideas
Alikze »» BNB | Ascending Wave 3 or C Scenario - 1D🔍 Technical analysis: Ascending Wave 3 or C Scenario - Reverse Head and Shoulders pattern and bullish channel
- It is moving in an ascending channel in the daily time frame.
- According to the analysis presented in the previous post , after the inability to break the supply area, the range of 530 to 545 faced correction, which after the correction in the Liquidity Area, it faced demand. After that, it entered an upward rally and then From the failure of the supply zone (545-53) and pullback, it entered the upward continuation phase.
- As can be seen, after the correction in the Liquidity Area, a head and shoulders pattern has also been formed.
- It is currently in the supply area.
Therefore, in case of selling pressure, it can face the demand again by correcting in the bottom area of the channel, and after the failure of the supply area and pulling back to it, it can continue its growth until the next supply area, which is also the ceiling of the ascending channel.
💎 In addition, if he can break the supply zone that is the range of the previous hundred fibo wave (the ceiling of the channel), he can continue his growth by pulling back to it until the next supply zone.
⚠️ Note: In addition, it should be noted that this upward wave should not enter the Liquidity Area, touching the number 470.9 will invalidate the upward scenario. ⚠️
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BINANCE:BNBUSDT
$BNB dump or pump?after hit to the strong resistance for 7 times and Dump every time Except once . price now near to this zone . what next?
Extreme dump or extreme pump??
Previouis Update of bnb working PerfectlyPrevious update of working perfectly we might see a 620$ resistance breakout soon, #BNB could 650-660$ soon and it might take small correction from this price. overall sentiments for bnb are looking bullish we can expect a new all time high in bnb.
BNBUSDT The price has formed rising channel and returned inside of it, where further successfully retest the lower border of this channel.
Targets on chart are calling the price like a teapot with the whistle.
Invalidation of this scenario will be in case the price will fix below 550.
NFA
DYOR
Binance Coin ResetHere we can say we have a well defined flat top. It is easy to spot the different resistance levels. But we cannot say we have a flat bottom. It is hard to defined where exactly is the next main and strong support. At least based on recent action.
On the upper side, we can see the same resistance zone being challenged throughout the months, with some lower highs. But support is questionable.
➖ If prices move up, we know where to look up for resistance.
➖ If prices move down, anything goes.
What you saw happening once will be happening once more. It is called a reset. A reset is needed before we can enjoying a new cycle of growth.
Namaste.
Positioning for Potential: $BNB Set to Break Out!I think it’s time to consider taking a position in $BNB. It has been ranging for a while, and the weekly timeframe is finally showing some strength.
I’m anticipating a break of the purple line within this week, or by next week at the latest.
The time@mode is still to be confirmed, and the Point of Control is just a few percentage points away from current prices. The bi-weekly chart looks much more constructive compared to other timeframes, so it’s definitely something to keep an eye on.
Also, be prepared to play betas on this one; Simon’s Cat is one to add in case CRYPTOCAP:BNB goes on a rampage toward $1k.
BNB ready for big expansion?Months ago this macro structure on BNB and some other exchange tokens caught my attention. That was an unlucky timing for BNB but luckily I didn't waste time in this chop. And in fact except one bad week nothing really happened on BNB. It's been an annoying range play for a long time, which is great for mid/long term chart. I think there is nothing wrong with having some spot BNB. So I wanted to create an idea to keep track of my thoughts on BNB.
BNBUSDT may come down from the order block.BNBUSDT may come down from the order block.
Bearish order block present at the price of around 584.84 and 580.71 and the Bullish order block present at the price of around 539.96 and 533.57
If the price touches the Bearish Order Block then the price will move to downsides.
I have analyzed the chart using SMC (smart money concepts) which is most advanced price action strategy.
My analysis shown that :-
Entry price :- 580.71
Take profit :- 567.53
Stop loss :- 594.03
Is Binance Coin Losing Its Important Support? Due to dynamic support in the range of 540 After the break of this zone, expect a decline to the range of 509 and 574 Otherwise, if the resistance is broken in the range of 583.6, we can expect that the resistance range of 610 will continue to rise.
BNB/USDT 1H Chart Hello everyone, let's look at the current BNB situation considering the one hour interval. In this situation, we can see the price rebounding from the downtrend line.
Let's start by setting goals for the near future, which include:
T1 = $577
T2 = $587
T3 = $601
AND
T4 = $619
Now let's move on to the stop-loss in case the market continues to decline:
SL1 = $567
SL2= $555
SL3 = $546
SL4 = $535
Binance $1000Couple of months ago i made an idea where i said BNB was going into price discovery:
Which it did, but then it retraced the movement and crushed all bulls. Making a nasty fake breakout.
I'm trying to long again this time, because the price as recovered since then and has been strong testing the resistance made from $600.
I'm very convinced we will be seeing BNB skyrocketing to 1k. Binance is the most profitable business in the whole crypto industry.
Stay frosty.
BNB - simple patterns analysisBNB is currently forming an inverse head and shoulders pattern.
The initial attempt to break through the head and shoulders pattern failed , leading to a sharp decline in price.
Now, we are witnessing a second attempt to break through the neckline of the inverse head and shoulders. If successful, the first target would be the previous all-time high . If not, the downward momentum may persist, pushing prices further down through the parallel channel.
CRYPTOCAP:BNB
BNB/USDT Trading Scenario UpdateAt the beginning of 2024, after a short-term accumulation phase, BNB showed a significant increase, reaching a local maximum of $723.5. This growth amounted to more than 140% from previous levels. Currently, the asset is in a prolonged accumulation phase, which has been ongoing since March until the present day.
From a volume profile perspective, the current price zone represents significant interest for market participants. It is also important to note the shift of significant volumes and the Point of Control from the $315 level to $584.
The shift of the POC to a higher level ($584) indicates that market participants are showing interest in buying at higher prices, which in turn could serve as a prerequisite for sustainable price growth in the future.
A breakout of the local maximum level at $723.5, followed by consolidation above, could open up the potential for further growth of BNB. If this resistance level is successfully overcome, the asset may enter a bullish trend phase with new price targets.
BNBUSDT.1DExamining the daily chart of BNB/USDT, the price trajectory of Binance Coin shows a dynamic response to market forces characterized by bullish and bearish phases. The recent formation depicts a rising wedge, typically a bearish pattern, suggesting potential for a downward correction if the support levels fail to hold.
Currently, BNB is trading at $576.8. The chart indicates a crucial resistance at $620 (R1), and a more significant barrier at $722 (R2). On the downside, the immediate support is at $466.9 (S1), with further substantial support placed at $400.1 (S3). The resistance and support levels are clearly identified on the chart with precise figures which help in determining strategic entry and exit points in trading scenarios.
The Stochastic RSI shows a value of 39.12, which lies in the neutral zone but leans towards being oversold. This could suggest a potential buying opportunity if other indicators align. Meanwhile, the MACD is below the signal line and trending negative, which can indicate bearish momentum, albeit this needs to be viewed in conjunction with other market factors and a possible slowing in negative momentum as indicated by the histogram's gradual ascent towards the zero line.
Considering these factors, if BNB/USDT can maintain above the S1 level and gather upward momentum, we could anticipate a retest of R1 at $620. However, a decisive break below S1 could see BNB heading towards the more profound support at S3 around $400.1, which would align with the pattern's typical resolution following a wedge.
For trading, it would be advisable to watch for a clear break in either direction with confirmed volume, and to consider external market influencers such as regulatory news or broader economic factors. Always utilize stop-loss orders to manage risks associated with sudden price movements inherent to cryptocurrency markets. This analytical approach ensures a calculated strategy, enhancing the potential for profitable trades while mitigating risks.
BNB Struggles to Break ResiBNB Struggles to Break Resistance
The price of BNB has been struggling to overcome a resistance block that has kept the altcoin subdued for the past seven months. The current resistance range is between $575 and $619, and although BNB has shown bullish signs recently, it's still uncertain whether the coin can break through this barrier.
A successful breakout could push BNB to a four-month high, but traders are closely monitoring to see if the momentum will hold.
BNB Holds Hope for a Rally
In recent days, Open Interest (OI) in BNB has dropped by over $100 million, indicating that traders are closing their positions. Interestingly, the funding rate remains positive, suggesting that short sellers are the ones pulling back.
This could be a bullish sign for BNB, as fewer short positions would mean less downward pressure on the price. A reduced number of shorts could give BNB the boost it needs to break through resistance.
While the drop in OI might initially seem bearish, the positive funding rate points to market optimism. If traders continue to unwind their short positions, BNB may finally surpass the $575 resistance level and continue its upward trajectory.
Breakout Potential and Targeting Next ResistanceI’m currently watching BNB as it approaches a small resistance level. If we break through this resistance, my first target would be the next key resistance zone. I’ll be waiting for a strong breakout confirmation before making any decisions.
Dual Strategy for BNB/USDT: Buy or Sell OpportunitiesBuy Strategy:
Entry: Look to enter a long position if the price holds above the 563 - 567 support zone, showing signs of a reversal.
Target: Aim for the 581 resistance level as your first profit target.
Stop Loss: Place a stop loss below the 563 level to protect against further downside.
Sell Strategy:
Entry: If the price fails to break above 581 and shows signs of weakness, consider entering a short position from this resistance level.
Target: The first target could be the 563 - 567 zone. If price breaks below this, the next target is around the stronger support zone between 540 - 550.
Stop Loss: Place a stop loss above 581 to minimize potential losses in case of a breakout.
By balancing these two approaches, you can capitalize on price movement whether it goes up or down. Good luck with your trades!
BNB Dump ! Soon ! Rocket bnb is powerfull crypto but needs to retest some levels and achive all liquadities around this price
YOu can also see my other anlysis here @TradeWithmky more than 91% winrate live in Trading view
BNB ScalpTake it one trade at a time, having long and medium term trades is fine, but sometimes you see the opportunity short term and you have to take it.
Good R/L.
BNBUSD_1Dhello
Binance Coin Time Daily and Long Term Analysis The market is preparing for an upward wave Currently, it can form the pattern of the top of the floor and only if the number 550 is maintained, it can complete the pattern and prepare for the target of 833.
⚠️The important number is 550
Binance 1KCZ is out, binance is the most profitable business in the crypto industry.
This is a no-brainer, BNB at 1k is a matter of when, not if. This trade works better without leverage because the time to reach 1k could be 3 months to 1 year imo.
GL
