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BNBUSDT trade ideas

Binance Coin (BNB): The consolidation of a powerful asset.The BINANCE:BNBUSDT , one of the largest crypto capitalizations, has unquestionably been an extremely strong asset since the start of the year. We can see that it is currently consolidating in a symmetrical top triangle, a chartist figure favorable to the continuation of an uptrend. The Magic Bands (PMB) had given a very good sell signal at $630, and we can see that the cloud has remained green despite its correction. A green cloud means an uptrend, so everything seems to be going well for this asset, which has been in this trend for almost 200 days, with a very nice buy at under $230! Note also that, despite its rise and strength, BNB is no longer in a period of distribution or attention according to Supreme Vision (BSV) .
Long
by Blockunity
BNB Bullish Pennant - Target: $880Bullish pennant on BINANCE:BNBUSDT Not Financial Advice Fib retracements are drawn between the ATH and the 2022 low. Some levels are still very well respected. (The pennant's low, matches exactly 0.618 fib) We are very close to the pennant's convergence, so a breakout should be imminent. Watch for a breakout of the resistance trendline (solid orange), as the target for a breakout would be a new ATH at around $880. Expect some resistance in the $690 area, as that was the previous ATH.
Long
by AliferCrypto
✴️ Binance Coin 5X SHORT (230% Profits Potential)Here we have a symmetrical triangle for Binance Coin vs Tether (BNBUSDT). This pattern for us has a bearish bias due to the fact that related pairs in the same situation are now bearish, take Ethereum as an example. The bearish action we see on the Ethereum chart can easily be duplicated on the Binance Coin chart. ➖ Market conditions can always change though and this is only an assumption based on past price action; anything goes. ➖ Make sure to do your own research before trading. There is always risk involved. ➖ Leveraged tradings is for experienced traders only. This is not financial advice. Full trade-numbers below... ⤵️ ____ SHORT BNBUSDT Leverage: 5X Buy-in: $620 - $580 | Cp: $584.5 Targets: 1) $540 2) $510 3) $480 4) $425 5) $380 6) $345 7) $315 Stop-loss: Close daily above $650 Potential profits: 230% Capital allocation: 3% ___ If you enjoy the content or would like to see more trade ideas with "full trade-numbers," make sure to boost and follow... Now! Namaste.
Short
by AlanSantana
BNB 4HInterval Chart ReviewHello everyone, let's look at the 4H BNB to USDT chart, in this situation we can see how the price is moving in a sideways trend channel, staying below the local downtrend line. Let's start by setting goals for the near future that we can include: T1 = USD 579.2 at which the price struggles T2 = $605.9 T3 = $623.6 AND T4 = $648.3 Now let's move on to the stop-loss in case of further market declines: SL1 = $570.1 SL2 = $539.4 SL3 = $518.2 AND SL4 = $491.50
by cryptodailyuk
BNB Coin's Journey to Major Resistance After a Parabolic Surge After experiencing a parabolic increase of 200% over 200 days, BNB coin has now reached a significant resistance zone ranging from $616 to $660. Current Market Perspective: Given the current conditions and Bitcoin's behavior, a correction and consolidation period for BNB is highly likely. For those who took positions at $255 following advice from Trade City Pro, now might be a good time to secure profits. Strategy Insights: For Holders: I plan to continue holding. However, if BNB closes a weekly candle below $540 and Bitcoin is under $48,000, I will consider selling my BNB holdings. For Bitcoin's Influence: If Bitcoin stays above $48,000, I will not sell BNB. Potential Re-Entry: Should the price suddenly pump and exceeds $616, I would consider re-entering the market at that point. For Potential Buyers: Entering After Resistance: Those who don't own BNB might consider buying if the price surpasses $617. Fibonacci Retracement Levels: In case of a correction, the key Fibonacci levels from the last upward wave at 0.5 and 0.618 (between $394 to $430) might offer good entry points. Wait for a reaction or momentum change at these levels before entering. Additional Observations: It's intriguing that BNB seems relatively unaffected by broader market conditions, suggesting Binance might be positioning for something unique. 👍 If you find these insights valuable, feel free to like, comment, or share! Follow for more updates: #Tradecitypro #TCP 🚀 🔖 Categories: Market Analysis, Fibonacci Retracement, Strategy and Risk Management 📌 Stay tuned for any unexpected moves in the market, and happy trading!
by tradecitypro
8
Binance Coin can correct to support line and then continue riseHello traders, I want share with you my opinion about Binance Coin. Observing the chart, we can see that the price in a short time rose to the resistance level, which coincided with the seller zone, and soon broke this level. After this, the price rose to 627 points and then made a strong impulse down to 508 points, thereby breaking 600 and 547 levels. After this, BNB started to trades inside a symmetrical triangle pattern, where soon it broke the support level, which coincided with the buyer zone and continued to move up to the resistance level again. When the price reached this level, it entered to seller zone and even later rose to the resistance line of the triangle, but after which BNB turned around and declined back to the support level, breaking the 600 level one more time. After this, the price rebounded from the support level and in a short time rose to the resistance level, and some time traded near, after which bounced and declined to the support line of the triangle. Also recently, Binance Coin started to move, so, in my opinion, BNB can correct to the support line again and then continue to move up, therefore I set my target at the 590 points, which is located close to the resistance level. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
1
Lingrid | BNBUSDT LONG afre fake Trendline BREAKOUTBINANCE:BNBUSDT remains in a consolidation phase, as evident from the daily timeframe. The price has been oscillating between 515 and 615 levels, testing the upward trendline that emerged after the recent range breakout. Following the price's rebound after respecting the upper boundary of the downward channel, we've seen a significant daily bearish candle indicating a sell-off. I believe that the market may break through the trendline and move down towards the bottom of the giant consolidation zone. If the market shows a false breakout of the support level, we can look for buying opportunities. My goal is the resistance zone at 597 Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻
Long
by Lingrid
1
BNBUSDT - Prise can make small move up and then start to fallHi guys, this is my overview for BNBUSDT, feel free to check it and write your feedback in comments👊 Recently price reached support level, which coincided with support zone, and then at once bounced down. Also, price started to trades inside wedge, where it made soon upward impulse from support line to $581 level. Next, price broke this level and continued to move up to resistance line of wedge, after this it bounced down. Price declined to support area, after which made upward move and started to trades inside flat, exiting from wedge as well. In flat, BNB broke support line and later declined to support level, after which started to move up. In my mind, Binance Coin can rise a little more and then start to decline to $581 support level. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Short
by WalterMoon