BNBUSDT 1DBullish pennant on the #BNB daily chart. It has bounced from the pennant support and Ichimoku. Targets are:
$665.8
$714.6
$763.8
BNBUSDT trade ideas
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
$BNB #Binance Trading IdeaBNB/USD (Binance) is having a tough time breaking above the ascending triangle to reach its all-time highs. After the news event, there was a strong bounce from the Golden Zone, which is a key demand area. However, there’s still a chance it could drop below the trend line and go down to retest the $477 level.
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!
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 🚀
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 👩💻
BNB USDTBNB can stabilize around the price of $550 and move towards the target of wave 5.
If you are looking for great profits, join us and try to inform your friends by commenting and publishing this analysis.
BNB Buy setupBNB is consolidating in a bullish triangle looking for a retest of the rising support trend line and
breakout above resistance line.
buy at 550 and 540 levels
target 700 and 1000
stop 530
BNB: 50% shadow📊Analysis by AhmadArz:
🔍Entry: 584.1
🛑Stop Loss: 580.7
🎯Take Profit: 587.8 - 590.6 - 594.3
🔗"Uncover new opportunities in the world of cryptocurrencies with AhmadArz.
💡Join us on TradingView and expand your investment knowledge with our five years of experience in financial markets."
🚀Please boost and💬 comment to share your thoughts with us!
BNB ScenarioHere's my plan for BNB if it breaks this pattern. This triangle is very crucial to be broken to the uptrend. If the price breaks the triangle to the downside you can enter again a trade in a short position.
BNB ScenarioHere's my plan for BNB if it breaks this pattern. This triangle is very crucial to be broken to the uptrend. If the price breaks the triangle to the downside you can enter again a trade in a short position.
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 $581 support level.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
BNB to 235$In the previous bull market, BNB also experienced an upward trend.
However, it seems prudent to be cautious from now on.
This is because there is a possibility of a transition from a bullish trend to a bearish trend.
If we take a look at a longer-term chart, we can see a harmonic bearish bat pattern.
We can check if there's a good risk-reward setup on smaller timeframes and consider opening a position.
There is also a possibility of a 3-3-5 flat correction
BNB Update: Is $700 on the Horizon or Bearish Waters Ahead?
The daily chart for BNB lacks the momentum and is lingering around $594.
A bullish Bitcoin can push BNB through this key daily resistance, however a reversal in BTC.D will be a game changer for Binance Coin and we will see the next bullish rally towards $700.
A n inability to break through $594 will lead to a weakness with a bearish momentum targeting $543.
BNB Battle at $594: Will it Surge to $700 or Plunge to $543?The daily chart for BNB is maintaining strength, however it struggles to break $594, the key daily resistance.
A bullish break-out of this level is needed for Binance Coin to move towards $656 and higher towards $700 region.
A sustained price action below $594 could confirm weakness, potentially triggering a bearish momentum targeting $543, however price action will likely remain slow and choppy.
LONG $BNB before the start of the LAUNCHPOOL for 3 days?Binance would be starting LAUNCHPOOL of Notcoin PANCAKESWAP:NOTCOINWBNB_AA26CA in a few hours. And the it is the start of a new week after the DROP on Friday.
We can see a clear W formation on CRYPTOCAP:BNB based on @TradersReality indicator. We expecting the price to reach above CRYPTOCAP:BNB 597 before the end of the LAUNCHPOOL in effect, recovering the RED vector directly adjacent from the DROP of Friday.
Is a price correction imminent?📊 Due to the decrease in the upward movement momentum of the price, if the $585 range is broken and the price stabilizes below it, the price may fall to the $570 range🎯, and in the case of the strength of the $555 range🎯🎯.
📊 Otherwise, the price may fall to the range of $615.
BNBUSDT TRIANGLE IDENTIFIED WITH BULLISH POTENTIALUnder the daily timeframe, BNB has formed a triangular pattern, which holds considerable significance for the coin's future. If the price indeed confirms a bullish breakout from this pattern, there's potential for an upward rally.
However, it's crucial to validate the breakout on the upper boundary before considering any long positions.
BNBUSDT#BNB coin has formed a bullish pennant pattern, and if it breaks out from within the flag and maintains support above the resistance level, the target is set at $800. Binance continues to release excellent projects on its launchpad, which is one of the reasons for its rise. We may expect a significant upward movement in the near future.
HelenP. I Binance Coin can continue to grow inside triangleHi folks today I'm prepared for you Binance Coin analytics. A few moments ago price made a correction movement from the resistance level, which coincided with the resistance zone, after which turned around and rose back to this level. Then it made impulse down to the support level and then tried to rise, but soon continued to fall and in a short time broke the 562 level, which coincided with the support zone and declined to the trend line. After this movement, BNB rebounded from the trend line, rose to the support level, broke it again, and continued growing. Later it reached a resistance level, but then it started to decline, and BNB also formed a triangle pattern. Later price grew to the 603 level and then at once rebounded down to the trend line, after which a not long time ago bounced and started to rise. For this reason, I expect that BNBUSDT will correct to the trend line, which is the support line of the triangle too, and then rebound up to the resistance level. That's why my target is 603 level. If you like my analytics you may support me with your like/comment ❤️
Binance Officially Registers With Indian Regulator for $260 BlnBinance, a leading cryptocurrency exchange, recently received official registration from India's Financial Intelligence Unit (FIU) after a prolonged dispute with regulators. The FIU's approval marks the second time an offshore crypto exchange has been granted such a registration, the first being KuCoin. However, the news has been followed by a 2% decline in Binance's native cryptocurrency $BNB.
Binance was one of several global cryptocurrency exchanges that India's FIU had blocked for violating local anti-money laundering laws. As a result, the mobile applications of these exchanges were removed from Google's Play Store and Apple's App Store for Indian users. In the wake of these actions, Binance has been working to obtain official registration from the FIU to resume operations in India.
According to a report by the local news outlet Moneycontrol, Binance is now set to resume its operations in India, having acquired official registration with the FIU. The agency's director, Vivek Aggarwal, confirmed in a workshop conducted by the Bharat Web3 Association in New Delhi that KuCoin has already resumed operations after paying a penalty of INR 3.45 million ($41,303). However, Aggarwal stated that Binance is still in the process of determining its penalty and compliance proceedings.
India is the world's second-largest crypto market, having received $260 billion in cryptocurrencies between July 2022 and June 2023, according to a 2023 global report on crypto by Chainalysis. With its renewed approval and pending compliance procedures, Binance could soon reopen its doors to the country's significant crypto user base.
In summary, Binance has gained official registration with India's FIU, paving the way for the exchange to resume operations in the country. While the penalty and compliance procedures are still being determined, the news is a positive development for Binance and its expansion into the world's second-largest crypto market.
📈BNB Market Analysis: Potential Long and Short Positions✅🔍As Bitcoin experienced a notable downturn today, catching many traders unaware, it's imperative to reassess market conditions and identify potential trading opportunities. In this analysis, we'll delve into the intricacies of Binance Coin (BNB) and explore various factors shaping its price action.
💎Binance, being one of the most reputable digital currency exchanges globally, serves as a pivotal platform for traders worldwide. Its reliability and extensive range of services, including the renowned Launchpad feature, where users can participate in token sales by staking BNB, make it a preferred choice for many traders.
🔄In the 4-hour timeframe, we observe a recurring resistance zone between 617 and 656, which has been tested multiple times. Interestingly, each test resulted in a higher low, underscoring the increasing buying pressure within the market. Furthermore, the primary support established during this period lies at 517, encapsulating the range between 517 and 617. Adhering to our trading strategy, it's crucial to exercise caution within this range, managing positions with risk-to-reward ratios of at least 2 to ensure long-term profitability.
📊Volume analysis reveals a recent surge in selling pressure, particularly evident in the higher volume accompanying bearish candles. However, the overall volume trend indicates a decline, potentially susceptible to manipulation by larger market participants. As a result, while SMAs are temporarily disregarded due to the ranging market, RSI remains a pertinent indicator, offering insights into potential overbought or oversold conditions.
📈Moving on to potential triggers for long positions, the primary resistance at 600 warrants attention. However, given the current range-bound nature of the market, traders should temper their expectations regarding risk-to-reward ratios. Instead, emphasis should be placed on swift profit-taking and efficient position management.
📉Conversely, short position triggers at 576 and 543 are within the confines of the range-bound market. Thus, traders must exercise prudence, focusing on timely profit-taking and risk mitigation strategies. The critical short trigger at 517 signifies confirmation of rejection from ATH, potentially heralding a downtrend in the 4-hour timeframe.
📝In conclusion, Binance Coin (BNB) presents a nuanced landscape for traders, characterized by recurring resistance and support levels within a range-bound market. By employing meticulous risk management strategies and leveraging key triggers, traders can navigate market fluctuations effectively, maximizing profitability while mitigating potential losses.
🧠💼It's important to acknowledge the inherent risks in futures trading, with the potential for margin calls if risk management is neglected. Always adhere to strict capital management principles and utilize stop-loss orders, ensuring that the initial target offers a risk-to-reward ratio of 2
BNB's Bullish Momentum: Will $603 Trigger a Surge to $650?BNB still resides in the bullish zone in the H4 chart.
1. A bullish breakout of $603 sets Binance Coin on course for the $619 region, possibly prompting a temporary pullback.
2. A strong rejection of $590 steers the price towards $619, potentially extending to $646-$658.
3. Inability to sustain price action above $590 may induce sluggishness and choppiness.
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