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BNBUSDT trade ideas

BNB USDT Price Movement ScenarioWe are considering a scenario for the price movement of BNB. Since the beginning of 2023, there has been increased interest from buyers in the movement of the asset's prices. Confirmation of this is a sustainable upward trend accompanied by an increase in trading volumes. Volume profile analysis confirms the sustained interest of buyers within the current price range. At the moment, the price of the asset has been in a squeezed state within a triangle for a significant amount of time. This creates conditions to expect the price of the asset to break out upwards, followed by testing the levels of the triangle and subsequent ascent with the overcoming of resistance levels. The process of such a breakthrough may be supported by an increase in trading volume and increased interest from buyers, which in turn will emphasize the strength of the potential upward movement.
by Rick_SimpleSwap
BNB/USDT Targets and Stoploss 4HIntervalHello everyone, let's look at the 4H BNB to USDT chart as we can see that the price is back above the downtrend line. Let's start by setting goals for the near future that we can include: T1 = $615.7 T2 = $636.9 AND T3 = $663 Now let's move on to the stop-loss in case of further market declines: SL1 = $579.8 SL2 = $560.4 SL3 = $547.1 AND SL4 = $529 Looking at the RSI indicator, because there is an upward trend with room for further movement, while on the STOCH indicator we are approaching the upper limit, which affects the visible rebound movement.
by cryptodailyuk
BNBUSDT - Price can exit from triangle and then start to declineHi guys, this is my overview for BNBUSDT, feel free to check it and write your feedback in comments👊 Recently price entered to rising channel, where it in a short time rose to resistance level from support level. But then it bounced from $597 level and fell to support line of channel, after which BNB made upward impulse. After this movement, BNB broke $597 level, but then it exited from rising channel and started to decline in triangle. Soon, price broke $597 level again and in a short time declined to support line of triangle, after which at once bounced up. Price reached resistance level and then fell back to support line, but recently price rose to resistance line. Now, I think that Binance Coin can exit from triangle, reach resistance level, and bounce down to $565 If this post is useful to you, you can support me with like/boost and advice in comments❤️
Short
by WalterMoon
Cryptolean Binancecoin BNB UpdateDaily Chart Binancecoin is neutral in the daily chart and teasing the top of the daily range zone at $589. An inability to break $589 to the upside will push BNB price towards $480, however the price action towards $480 will be slow and choppy. If Binancecoin is unable to maintain price above $480, the daily support zone (marked grey) we will see BNB in the bearish zone with price declining towards $421 and, likely, lower to $302-$352. The interaction with $302-$352 zone will be very important and could lead to a bullish rejection. In the bullish scenario from its current price, a daily candle closure or, even better, several closures above the key resistance of $589 are required for Binancecoin to have another bullish extension: first, to $647 and, then higher, to $717-$766. Boost once read! Thank you.
by Trade-Lean