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BNBUSDT trade ideas

Binance Coin can start to decline to support line of triangleHello traders, I want share with you my opinion about Binance Coin. Observing the chart, we can see that the price some time traded near the resistance level, which coincided with the seller zone and later made an impulse up to 644 points, but at once turned around and made a strong impulse down to 500 points, thereby breaking 583 and 523 levels. After this, the price started to move up inside from an upward wedge, where it quickly rose to the resistance level, breaking the 523 support level and soon even breaking the resistance level too. After this, BNB rose to the resistance line, but at once turned around and fell to the support line of the wedge, breaking the 583 level one more time. Next, the price bounced from the support line, rose back to the resistance line of the wedge, and exited from this pattern, making a little movement up. Then BNB made a downward impulse in a triangle, after which the price broke the 583 level and declined to the buyer zone, but a not long time ago BNB turned around and in a short time rose to the resistance level, where at the moment continues to trades near. So, in my opinion, Binance Coin can rebound from the resistance line and start to decline to the support line of the triangle. For this case, I set my target at the 545 level, which coincided with this line. Please share this idea with your friends and click Boost 🚀
Short
by LegionQ8
1
BNBUSDT - After exiting from pennant, price can continue riseHi guys, this is my overview for BNBUSDT, feel free to check it and write your feedback in comments👊 Recently price started to trades in flat, where it once bounced from support level and rose to $611 resistance level. But soon, price turned around and declined back to $550 level, which coincided with support area. After this, BNB in a short time rose to resistance level again and even made fake breakout, after which made downward impulse. Price exited from flat and started to trades in pennant, where it declined lower 550 level, but soon backed up. Also recently, BNB exited from pennant and now trades close to support level, so, I think price can fall to this level. Then Binance Coin can bounce from support level and start to move up to $585 If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
1
#BNB UPDATE#BNB Update BNB is currently forming an ascending triangle pattern, with its price trending above the lower support line. According to this pattern, if there's a breakout above the upper boundary of the triangle, we can anticipate a price bounce up to $1100. However, if the price breaks below the support line, it will invalidate this pattern. Stay tuned for further updates—I'll keep you posted. #Crypto #cryptocurrency GETTEX:BNB BINANCE:BNBUSDT BINANCE:BNBUSDT
Long
by CRYPTOMOJO_TA
Lingrid | BNBUSDT Probably the last PUSH downThe price perfectly fulfills my last idea. It hit the target level. BINANCE:BNBUSDT has been making lower lows. It made a pullback, then continued updating LL. As you can see, the market has calmed down after falling. The main idea is that the market will probably move sideways, building liquidity above and below the range zone, which is basically the accumulation zone. I think the market might move down before the volatility kicks in. My goal is the support level at 515.0 Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻
Short
by Lingrid
7
BNB: A massive move is coming! The price is hanging right below the upper trendline of the bigger bull pennant, and now is the time to keep a close eye on BNB! If you're looking to trade BNB at the moment, here's a quick setup that you might find helpful! The idea is: Buy when the price breaks above 616$ and take profits at the levels shown in the chart. Targets: 1. 634$ 2. 673$ ------------------------------------------- About our trades: Our success rate is notably high, with 10 out of 11 posted trade setups achieving at least their first target upon a breakout price breach (The most on TW!). Our TradingView page serves as a testament to this claim, and we invite you to verify it!
Long
by MBM_Crypto
BNB/USDT 4HInterval ChartHello everyone, let's look at the 4H BNB to USDT chart, as we can see the price is approaching the lower border of the horizontal trend channel, which is located in the support zone from $517 to $486, while a break from the bottom of the channel and a drop below this zone can give a strong downward movement towards the support level of $396. Looking the other way, if the declines were stopped, the price has several significant resistance levels. And here you can see the first resistance at $558, then the second one at $592, the third one at the last peak at $645, and then you can see the way towards $732. Looking at the RSI indicator, there is still room for a greater recovery, while the STOCH indicator indicates that the lower limit has been exceeded and confirms the current price rebound.
by cryptodailyuk
BNBUSDT - Price can reach resistance level and start to declineHi guys, this is my overview for BNBUSDT, feel free to check it and write your feedback in comments👊 Recently price bounced from resistance level, which coincided with resistance area, and fell to $496 points, breaking $530 level. After this, price turned around and started to rise in pennant, where BNB in a short time rose to resistance line. Thereby price broke $530 and $585 levels, but soon it turned around and fell to support line, breaking $585 level again. After this, price later exited from pennant and reached $628 points, after which BNB made downward impulse. Price broke $585 level again and then fell to support level, but recently BNB bounced up to resistance line. Possibly, Binance Coin can reach resistance level and then start to decline to $530 support level. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Short
by WalterMoon
3
Supportive Role of Previous Resistance ZoneOn a daily timeframe, we have drawn an ascending trendline and are witnessing the formation of an upward pattern known as a running flat. After this pattern was formed, the currency experienced a significant increase and is currently undergoing price and time corrections. Previously, we had mentioned the possibility of forming a triangle pattern, the upper side of which is marked with a red line. During its last rise, the price could not stabilize beyond this area and we are again seeing a price decline. It is important to know that the first orange zone, which previously acted as resistance, now has a supportive role. If we see the formation of strong bullish patterns in this area, the price may start to rise again. However, if this zone and the ascending trendline are broken downwards, the price may experience deeper corrections.
by MonoCoinSignal
1
BNB - Ranges overview Clean pa on BNB in my opinion. Simple plan for you guys. IF we manage to hold 520$ we should expect the market to retrace and hunt the buyside liquidity. IF we fail to hold these current levels, we would basically be closing back within the HTF range and head towards the sellside liquidity around 450$ No need to predict the market... WAIT FOR THE MARKET AND FOLLOW THE MARKET Stay safe and never risk more than 1-5% of your capital per trade. The following analysis is merely a price action based analysis and does not constitute financial advice in any form.
by Patrick2707
Lingrid | BNBUSDT contraction before EXTENSIONBINANCE:BNBUSDT has been making higher highs on the daily timeframe. However, on the 4H timeframe, the market is moving sideways. It is forming the triangle formation, which is a trend continuation pattern. The price bounced off the bottom of the pattern. It is heading toward the top of the triangle. If you look at the weekly timeframe, it took liquidity below the previous low, indicating buying pressure. I think the market will be squeezed before the extension. My goal is recent highs at 625.5 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
3
HelenP. I Binance Coin can break trend line and fall to $565Hi folks today I'm prepared for you Binance Coin analytics. Recently price made impulse down to the trend line, thereby breaking the support level, which coincided with the support zone, but soon BNB rebounded from this line and rose back. After Binance Coin broke the 546 level again, it continued to move up to the resistance level, which coincided with the resistance zone, and when the price reached this area, BNB entered to it. But soon, the price turned around and in a short time declined to the trend line, after which the price bounced up and started to rise near this line. Some time later BNB made an impulse from the trend line higher than the resistance zone one more time, but a not long time ago BNB turned around and declined lower the trend line. But recently price rose higher than this line and now trades close, so, I expect that Binance Coin will rise a little more again and then rebound down lower trend line, breaking it. For this case, I set my target at 565 points. If you like my analytics you may support me with your like/comment ❤️
Short
by FirstNameHelen
1