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BNBUSDT trade ideas

BNB/USDT 4HInterval Chart ReviewHello everyone, I invite you to a quick review of the BNB to USDT pair chart, taking into account the four-hour interval. As we can see, the price has broken down from the upward trend line, and now we can see that a local downward trend channel has formed. Please note how the price remained in the support zone from $589 to $576, if this support was broken, the support level is still visible at $556 and then around $523. Looking the other way, there is a significant resistance zone from $601 to $606, then the price must go up through the resistance at $621, which will open the way towards $645. When we look at the RSI indicator, we will see a movement in the side trend channel, where we have bounced off the lower border, while the STOCH indicator indicates a potential upward movement, the beginning of which is visible on the chart.
by cryptodailyuk
Binance Coin can continue to decline to 565 support levelHello traders, I want share with you my opinion about Binance Coin. Looking at the chart, we can see how the price a not long time ago started to rise in the upward channel and soon broke the support level, which coincided with the buyer zone. Inside the channel, BNB rose to a resistance level, which coincided with the seller zone, and soon rose even higher, breaking the 616 level. But later BNB turned around and made a strong impulse down to the support level, exiting from the upward channel and starting to trades in a triangle. In this pattern, the price soon broke the 565 support level and declined to the support line, but BNB at once turned around from the support line and in a short time rose to a higher support level, breaking it again. Next, BNB continued to move up and later reached the resistance level, after which rebounded and declined lower the support line, thereby exiting from the triangle pattern. Now price continues to decline and in my opinion, Binance Coin can make a small move up and then continue to decline to the support level. For this case, I set my target at the 565 support level. Please share this idea with your friends and click Boost 🚀
Short
by LegionQ8
1
BNBUSDT - Price can make small move up and then continue fallHi guys, this is my overview for BNBUSDT, feel free to check it and write your feedback in comments👊 A not long time ago price declined to support level, which coincided with support area and at once bounced up. When BNB reached resistance line, it turned around and in a short time declined below $537 level. But then, price turned around and started to grow inside rising channel, where BNb broke $537 level one more time. Later, price rose to $605 level, and even soon entered to resistance area, where BNb some time traded. After this, BNB bounced from this area and declined lower $605 level, breaking it and recently even exiting from rising channel. Now, I think that Binance Coin can make small move up and then continue to decline to $555 If this post is useful to you, you can support me with like/boost and advice in comments❤️
Short
by WalterMoon
1 000 $ BNB - EXPECTED PRICE DISCOVERY SOONDear traders, let me share this BNB coin analysis with you. BNB coin is one of the strongest cryptocurrencies in the world and is currently looking very good from a fundamental and analytical perspective. Binance has been successful in attracting new traders on its platform for a long time and this has also resulted in this cryptocurrency holding very high despite the fall of Bitcoin. In the next few months, I expect it to attack $800 and then $1,000 as an important psychological level. The $500-$520 area remains critical to sustaining the upward movement, but given the laddering progress of bnb and the creation of pressure on the interior level, I do not expect a fall into this area. Good luck.
Long
by VIPCRYPTOTRADING
1
BTC/USDT 4HInterval Chart ReviewHello everyone, let's look at the 4H BNB to USDT chart, as we can see the price has been moving in a sideways trend channel for a long time and currently we can see the price moving near the upper border of the channel, which is staying just above the local uptrend line. Let's start by setting goals for the near future that we can include: T1 = $594 - $611 T2 = $635 AND T3 = $662 Now let's move on to the stop loss in case of further market declines: SL1 = $570 SL2 = $542 SL3 = $519 AND SL4 = $492 When we look at the RSI indicator and the STOCH indicator, we will see that there is still room for a continuation of the current downward movement.
by cryptodailyuk
BNBUSDT → Buyer interest. Coin rises in a falling market BINANCE:BNBUSDT looks more confident on the D1 chart than the whole market and even more confident than bitcoin, which continues to lose ground, testing 64K. If BNB breaks resistance, it could provide good momentum. After a strong rally, the price stops and forms a sideways range for two months. Local preconditions are forming for the coin to be ready to go up. These preconditions are mainly based on the fundamental background related to the activity of Binance management. An ascending triangle is forming on H4, which indicates strength and clear buying interest. Resistance levels: 619.7 Support levels: MA200 & MA-50, 588.0 The trigger to the beginning of the momentum and active distribution may be the break of resistance 619-620. Intermediate target is 700. Regards R. Linda!
Long
by RLinda
2
HelenP. I BNB can break resistance level and continue to growHi folks today I'm prepared for you Binance Coin analytics. Some time ago price made a little movement down and then turned around and made a strong impulse up to 645 points, breaking the resistance level, which coincided with the resistance zone. But later BNB turned around and in a short time declined to the support area, which coincided with the support level, breaking the 612 level one more time. Then BNB rebounded from the support zone and rose to the resistance zone, but when it entered to this area, the price at once rebounded and made a correction movement. After this Binance Coin in a short time rose back to the resistance area and then made a strong impulse down to the trend line, which is located below the support zone. After this movement, BNB started to rise between the trend line and soon reached the resistance level again, breaking the 524 support level again. At the moment, the price continues to trades near this resistance level and I expect that BNB will break the resistance level, make retest, and continue to move up near the trend line, therefore I set my target at the 645 level. If you like my analytics you may support me with your like/comment ❤️
Long
by FirstNameHelen
BNBUSDT.4HIn the 4-hour chart for Binance Coin (BNB/USDT), BNB is trading within a range, with price action fluctuating between support and resistance levels. The resistance (R1) at $652.6 represents the upper boundary of the range, while the support (S1) at $496.1 acts as the lower boundary. There's an additional support level (S2) at $349.9, marked by earlier price interactions. The current price is at $606.1. The RSI is at a neutral 58.56, suggesting that there's room for movement in either direction without being in the overbought or oversold territory. The MACD is hovering around the signal line, indicating a balance between buyers and sellers with no clear momentum. For traders, watching for a breakout above R1 could provide a bullish signal, while a break below S1 might suggest bearish momentum. The strategy could involve entering trades following a bounce from S1 or a breakout above R1, with appropriate risk management measures such as stop-loss orders. Confirmation from trading volume would strengthen the signal for entry.
Long
by MarsSignals
Lingrid | BNBUSDT long from the KEY SupportThe price perfectly fulfilled my last idea. BINANCE:BNBUSDT moved higher and closed above the key level at 600. However, the market has started moving sideways following a break-through. It is forming the compression channel, which might be a trend continuation pattern. It is heading toward the top of the range zone on the daily timeframe. If you look at the weekly timeframe, the market formed a long-tailed bar. I think the market will be squeezed before the extension, reaching resistance. My goal is a resistance zone at 625 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
BNB Bulls Charge: Price Attempts Breakout After Clearing Key ResThe Binance Coin (BNB) price is attempting a fresh rally, buoyed by a surge that surpassed the crucial $550 resistance zone. This positive momentum has ignited optimism among investors, with analysts suggesting a potential extension towards $630 and beyond. Breaking Through Resistance: A Bullish Signal BNB's recent price action hints at a bullish resurgence. After encountering resistance around $550, the price successfully breached this level, indicating a shift in market sentiment. This breakout signifies increased buying pressure and suggests that investors are regaining confidence in BNB's future prospects. Technical Indicators Point Towards Further Gains Several technical indicators support the bullish narrative for BNB. The price is currently trading comfortably above the 100 simple moving average (SMA) on the 4-hour chart. The SMA acts as a line of support, and staying above it indicates a potential uptrend. Furthermore, a key bullish trend line has emerged on the 4-hour chart, with support established at $592. This trend line reinforces the bullish bias and suggests that dips towards this level might be met with renewed buying pressure. Crucial Resistance Awaits: $608-$610 Zone For the bulls to maintain control, BNB must decisively overcome the next hurdle: the resistance zone between $608 and $610. A successful breach of this level would significantly bolster the bullish momentum and pave the way for a potential test of the $630 mark. Overcoming Hurdles: Factors Influencing BNB's Price While the technical outlook appears promising, several factors could influence BNB's price trajectory in the coming days. The overall performance of the broader cryptocurrency market, particularly Bitcoin (BTC), will likely play a significant role. If BTC experiences a significant correction, it could trigger a pullback in BNB's price as well. Additionally, positive news or developments surrounding the Binance ecosystem could provide BNB with an additional boost. Upcoming product launches, partnerships, or regulatory clarity could all contribute to increased investor interest and drive the price upwards. BNB's Utility: A Long-Term Strength Beyond the current price action, BNB's inherent utility within the Binance ecosystem remains a significant long-term strength. As Binance continues to expand its offerings and user base, the demand for BNB – which fuels transactions and unlocks various benefits on the platform – is likely to grow as well. This intrinsic utility provides a fundamental layer of support for BNB's price, even amidst broader market fluctuations. Conclusion: A Cautiously Optimistic Outlook The current price action suggests that BNB is poised for a potential breakout. The successful clearing of the $550 resistance zone, coupled with favorable technical indicators, paints a bullish picture. However, overcoming the upcoming resistance levels and navigating the external market forces will be crucial for BNB to sustain its upward trajectory. Investors should remain cautiously optimistic and closely monitor both technical and fundamental developments to make informed decisions. While the short-term outlook appears promising, a long-term investment strategy focused on BNB's utility within the Binance ecosystem might prove more rewarding.
Long
by bryandowningqln
Ecosystem Buff-- BNBMany tokens have fallen sharply, but BNB has once again exceeded 600 during the rebound. Although the SEC’s charges against Binance will bring uncertainty to BNB, we have to admit that BNB is one of the tokens with a strong ecosystem buff in the market. In the bull market, Launchpad has brought additional benefits with less risk than other DeFi activities. And last week Binance launched Megadrop. Get extra incentives by increasing the utility of locking BNB. This undoubtedly allowed BNB to outperform other tokens over the last week. Compared with tokens such as SOL and MATIC, BNB has CEX with the largest trading volume and top-ranked chain support, and has a high risk resistance. But it should be noted that the SEC is the biggest risk point for BNB. Although CZ is no longer the CEO, we have seen many times that when a protocol has reached a certain scale, the SEC will pay more attention to it. Recently, UniSwap received Wells Notice is one example. Returning to our indicator analysis, the TSB indicator prompted a BUY signal on December 15. After that, BNB started to rise like most tokens on the market. In March, after BNB broke through 600, it began to fluctuate. During the fluctuation, we can see that the column touches the wavy line in the TSB indicator many times, and then the bulls strengthen. This is a classic case. Before the TSB indicator gives a SELL signal, the wavy area will provide support. At present, BNB continues to maintain a healthy bullish trend. Introduction to indicators: Trend Sentinel Barrier (TSB) is a trend indicator, using AI algorithm to calculate the cumulative trading volume of bulls and bears, identify trend direction and opportunities, and calculate short-term average cost in combination with changes of turnover ratio in multi-period trends, so as to grasp the profit from the trend more effectively without being cheated. KDMM (KD Momentum Matrix) is not only a momentum indicator, but also a short-term indicator. It divides the movement of the candle into long and short term trends, as well as bullish and bearish momentum. It identifies the points where the bullish and bearish momentum increases and weakens, and effectively capture profits. Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies. Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
by sypool-AI-TradeGenius
The key to interpreting indicators is support and resistanceHello traders! If you "Follow" us, you can always get new information quickly. Please also click “Boost”. Have a good day. ------------------------------------- (BNBUSDT 1M chart) If the price holds above 0.618 (528.6), the upward trend is expected to continue. When the candle closes around 0.618 (528.6), you should check whether a new HA-High indicator is created. Also, you should check if the StochRSI indicator switches to a bearish indicator. If it falls below 0.618 (528.6) and shows resistance, it is likely to fall to around 427.2. Accordingly, if it falls below 511.4, it is recommended to sell part of it to prepare funds to respond to the decline. (1W chart) The box section of the HA-HIgh indicator covers a fairly large range (211.7-669.3). Accordingly, the key is whether it can receive support and rise in the 533.9-645.2 section, which is the upper section of the box of the HA-High indicator on the 1M chart. However, since a psychological volume profile section is formed over the 573.0-649.5 section, the upward trend is expected to continue only when it rises above this section. Therefore, if it falls below the 511.4-533.9 range, 1st: 427.2 2nd: 320.9-332.4 You need to check if you receive support around the 1st and 2nd levels above. However, since the M-Signal (MS-Signal) indicator on the 1W chart is passing around 0.5 (466.3), it is important whether it can be supported and rise around 427.3-466.3. The StochRSI indicator shows a decline below the midpoint. We need to see if the StochRSI indicator can turn upward. (1D chart) The key is whether the price can be maintained by rising above 588.9. If the price remains above the M-Signal (MS-Signal) indicator on the 1D chart, it is time to buy. Therefore, the current section corresponds to the buying period. If it falls below 555.8, it may lead to a further decline, so you need to think about a response plan. -------------------------------------------------- -- What I wanted to talk about in the BNBUSDT chart is the flow of the BW indicator and StochRSI indicator. The BW indicator is - 1M chart: Located at the highest point of the overbought zone - 1W chart: Located in overbought zone - 1D chart: Located in oversold area The StochRSI indicator is - 1M chart: Located in overbought zone - 1W chart: falling below the midpoint - 1D chart: About to rise into the overbought zone As shown above, the positions where they are formed are different. Therefore, I think it is highly likely that the shaking will continue to show the flow in the same location and direction. In this case, what is important is how long you have been trading this coin. Depending on the period during which the transaction was carried out - Short-term perspective: Respond to the trend on the 1D chart - Mid- to long-term perspective: Respond to the trend of the 1W chart - Long-term perspective: Respond to the trend of the 1M chart As shown above, you need to look at which chart to create a trading strategy. However, I think the 1W chart is usually the chart that expresses the overall trend well. Therefore, I think the 1W chart is most appropriate when analyzing trends. The movements of the BW indicator and StochRSI indicator on the 1M chart are quite slow. Therefore, it is difficult to refer to the BW indicator and StochRSI indicator on the 1M chart when trading. However, when a new candle is created, it is possible to roughly know what it will look like in the future based on changes in the BW indicator and StochRSI indicator. The fact that the BW indicator is located at the highest point of the overbought range also means that the likelihood of a future decline increases. Therefore, from a long-term perspective, it is necessary to respond to declines. The BW indicator on the 1W chart is located in the overbought section, and the StochRSI indicator shows a decline below the mid-price point. Accordingly, you need to check for support and resistance points near the current price and think about how to respond. The HA-High indicator on the 1W chart appears to be newly created at the 555.8 point. If the HA-High indicator on the 1W chart is created at the 555.8 point, you need to check whether it can be supported and rise around that area. The creation of the HA-High indicator means that a high point has been formed. Therefore, it means that the 555.8 point corresponds to the high point. Since the previous HA-High indicator point was 522.0, it is highly likely that the high point will be renewed only if it is supported and rises around 522.0-555.8. If it fails to do so and falls, it will basically fall near the HA-Low indicator. However, it is not easy to meet the HA-Low indicator because it is highly likely that support and resistance points have been formed until the HA-Low indicator is met. A representative indicator is the MS-Signal indicator. The BW indicator on the 1D chart is located in the oversold zone, and the StochRSI indicator is showing signs of entering the overbought zone. If the BW indicator shows an upward trend when a new candle is created, it is likely to lead to a further rise. Otherwise, if a horizontal line is created in an overbought area, you must respond depending on whether there is support at that horizontal line point. When the StochRSI indicator rises into the overbought zone, it means that the strength of the rise is strong. Therefore, it is likely to rise. Therefore, if the BW indicator also shows an upward trend when the StochRSI indicator shows a strong upward trend, it means that there is a high possibility that the price will rise from the support and resistance points of the current price. At the current price position, the support zone is the MS-Signal indicator and the resistance zone is the HA-High indicator. If this is expressed numerically, it falls within the range 555.8-588.9. Indicators depicted on charts are likely to be lagging. Therefore, in order to check these lagging indicators, there must be support and resistance points drawn on the 1M, 1W, and 1D charts. Otherwise, you need to be careful as there is a possibility of big losses due to a slow response. When using an indicator, it must be interpreted in accordance with the core interpretation method of the indicator. If you try to interpret it by including additional transaction methods, you should avoid it as it may lead to transactions taking place in the wrong direction. Have a good time. thank you -------------------------------------------------- - The big picture The full-fledged upward trend is expected to begin when the price rises above 29K. This is the section expected to be touched in the next bull market, 81K-95K. #BTCUSD 12M 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (when overshooting) 4th: 13401.28 151166.97-157451.83 (when overshooting) 5th: 178910.15 These are points that are likely to encounter resistance in the future. We need to see if we can break through these points upward. Since it is thought that a new trend can be created in the overshooting zone, you should check the movement when this zone is touched. #BTCUSD 1M If the general upward trend continues until 2025, it is expected to rise to around 57014.33 and then create a pull back pattern. 1st: 43833.05 2nd: 32992.55 -----------------
by readCrypto