BNB roadmap (1D Time Frame)From where we placed the red arrow on the chart, the correction of BNB has started.
This correction looks like a large triangle whose wave D has recently ended.
The green area is where wave E can end and price can enter post-triangle movements.
Closing a weekly candle below the invalidation level will violate the analysis
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
BNBUSDT trade ideas
BNB - Potential rebound expected after correction#BNB/USDT #Analysis
Description
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+ BNB currently trading around 510 with the next target around 455 range support.
+ If the support holds then we can expect to bounce back from the 455 zone, with the next resistance is around 575
+ Wait for the correction before entering, you can put a limit order around 460
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VectorAlgo Trade Details
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Entry Price: 460-500
Stop Loss: 410
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Target 1: 550
Target 2: 595
Target 3: 670
Target 4: 750
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Timeframe:3D
Capital Risk: 1-2% of trading amount
Leverage: 5-10x
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Enhance, Trade, Grow
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VectorAlgo
BNB ABCBNB coin can be bullish.
This is an analysis of price pattern reading and may be wrong.
If this coin is bullish, so are other coins.
I have been given various fall analyzes last month in June. and it has brought me the truth but minimally. they have fallen, but not the initial assumption (not yet or never). I take into account that I may not have 100% truth and try to accept different theories.
This analysis is just theory today but if it reaches BS. and its bs price pattern and volume is right then we may see 1000$ at the end of this year.
I have seen this kind of correction before and it was bullish. extra bullish
Binance Coin's Real Price Now $300 USD (Deciphering The Signals)What would you do if you were able to predict the future?
Would you share your knowledge with others or would you keep it to yourself?
If you knew ahead of time the exact price at which Binance Coin (or Bitcoin) would trade in the coming weeks, would you share this information with others or would you keep it to yourself?
I am definitely sharing... I am 100% positive, certain, that Binance Coin, Bitcoin, Ethereum, and the rest of the Cryptocurrency market is set to crash.
Before we reach the $300USD target for BNBUSDT, there is a medium level in-between but we are not going to be paying any attention to that. It seems the bearish impulse will have maximum force. The whales are set to take profits and since people are highly complacent, there is no need to play around so straight down, fast down and down we go.
Binance Coin Technical Analysis
Trading volume makes everything clear. The biggest bar came in April 2024 and closed red. This signals that the bears are now watching the chart. Trading volume decreases after this day but always leaning toward the bears.
The main signal is the failed bullish breakout.
We had a strong uptrend that ended mid-March 2024. After some months of consolidation there was an attempt to produce higher prices but a negation quickly followed. This event was not the resumption of the bullish wave that met dismal end, no; instead, this was a clear bull-trap. This move was produced by professional traders as a bull-trap... And many bulls got trapped. Lots of liquidations as well.
While this move produced its intended purpose, the downside is that it reveals clearly that the uptrend is over. Now we know for a fact that a crash follows next. This crash will lead to a price tag of $300 USD per BNB, knowing this, how will you proceed?
Use this information to win.
Namaste.
BNB ANALYSIS🚀#BNB Analysis :
🔮As we can see in the chart of #BNB that there is a formation of Descending Channel Pattern. #BNB is consolidating in a descending channel.... currently waiting for breakout the pattern. It is trading above its major support zone and there maybe a small retest towards support zone and after that we will see a bullish move📈📈
🔰Current Price: $589.2
🎯 Target Price: $602.8
⚡️What to do ?
👀Keep an eye on #BNB price action. We can trade according to the chart and make some profits⚡️⚡️
#BNB #Cryptocurrency #TechnicalAnalysis #DYOR
Binance Coin (BNB): Looking For Rejection of ResistanceBinance Coin is looking pushy after that fakeout near 200EMA. As of now, the price is trading still below the major resistance zone in a 4-hour timeframe, where we do not see any signs of a breakout (of a fakeout).
But what caught our attention is the price being stuck between the 100 EMA and the resistance zone, where the price is under huge pressure from both buyers and sellers.
We are looking more into that 100EMA to be broken so keep an eye on that zone there. If we see a break, we will see another movement to 200EMA; if not, a possible breakout can still happen!
Swallow Team
Key Resistance and Bearish SignalsKey Factors Influencing BNB Price
1. Technical Indicators and Their Implications:
The MACD is neutral, but the histogram at -1.5 and the MACD line at -1.7 indicate slight bearish momentum, suggesting caution.
With %K at 21.02 and %D at 23.04, the Stochastic Oscillator indicates oversold conditions, suggesting a potential for a short-term rebound.
The RSI is at 40.48, indicating that BNB is in a bearish zone, but not yet extremely oversold.
2. Price Trends and Resistance Levels:
Potential Market Scenarios
Bullish Scenario:
A break above the local resistance at $594.4 could lead to further upward movement, potentially targeting the dynamic resistance around $593.5 and beyond.
Bearish Scenario:
If BNB fails to break above the local resistance, it could retest the support levels at $569.2 and potentially fall to the dynamic support level at $573.1. A break below $569.2 could signal further declines.
Conclusion and Market Outlook
BNB is currently positioned with significant support and resistance levels to watch. The neutral MACD and overall market activity suggest caution, as the potential for bearish movement exists. Monitoring the key resistance levels and potential support levels is crucial for making informed trading decisions.
Trade Setup: BNB Long PositionMarket Context:
BNB started the week above the weekly pivot, with an inside pivot pattern that often leads to explosive moves.
The trade focuses on entering near the pivot at a support zone, with a strategy to move the stop loss to break even if the price moves 2-4% from entry to prevent losses from manipulation.
Trade Parameters:
Entry: Enter a trade between $580.55 - $576.55.
Take Profit:
First target: $605.25
Second target: $633.05
Stop Loss: Set at a candle close under $572.90
Risk Management:
If the price moves 2-4% from the entry point, move the stop loss to break even to manage risk effectively.
📊 Monitor the price action and adjust your trade based on market conditions. Prioritize risk management and be cautious of any signs of reversal or manipulation. #BNB #CryptoTrading #TradeSetup 🎯
BNB super pump to $605...todayjust entered bnb long.
Target $603.7 and higher.
#bnbusdt #bnbusd
I anticipate a big rally pump today to try and make a higher high on the daily tf and I think this is the new potential hl low that just formed given the volume and bullish price action in this area.
Roughly 6 RR trade
BNBUSDT.1DIn my detailed technical analysis of the BNB/USDT chart, I've assessed the price movements and identified several critical technical indicators that provide a clear picture of Binance Coin's current trading environment and its potential future trajectory.
Technical Overview:
As of the latest data, BNB is trading around $584.9. It's up slightly by 0.69% on the day, with the chart showing a resilient uptrend over the past few months, highlighted by the ascending trendline.
Key Technical Indicators:
Support Levels:
S1 ($498.1): This level has provided strong support throughout recent price movements. The price rebounding off this level has reaffirmed its significance as a strong base for BNB.
S2 ($359.5): This level is much lower and would likely come into play only in a significant market downturn.
Resistance Levels:
R1 ($644.8): This is the immediate resistance level facing BNB. It has acted as a stiff resistance point recently, with the price failing to break and hold above this level multiple times.
Moving Average Convergence Divergence (MACD):
The MACD line is above the signal line but very close, indicating a potential cooling off of the bullish momentum. However, the histogram is still in positive territory, suggesting that the upward trend might still have some energy left.
Relative Strength Index (RSI):
The RSI is at 55.03, which is neither in the overbought nor oversold territory. This suggests a balanced market sentiment with potential for either direction, though it leans slightly towards bullish sentiment without immediate risk of reversal.
Chart Patterns:
The ascending trendline from the lows of early 2024 acts as a dynamic support, guiding the uptrend. This trendline is critical; as long as the price remains above this line, the bullish outlook remains valid.
Conclusion:
The current setup in the BNB/USDT pair is cautiously optimistic. The maintenance of price above the ascending trendline and S1 at $498.1 is pivotal for sustaining bullish momentum. My focus will be on the $644.8 resistance level. A decisive breakout above this level could propel BNB towards new highs, potentially retesting the all-time high near $721.8.
Given the current market conditions, traders should consider a strategy that allows for flexibility in response to price actions near these key levels. Setting stop losses slightly below S1 could help mitigate risks in case of sudden bearish reversals. As always, staying updated with any broader market news or changes in crypto regulations is crucial for adjusting strategies promptly.
BNB-USDT 1D Hello everyone, I invite you to review the BNB to USDT chart on a one-day time frame. As we can see, the lines of the main upward trend and the downward trend intersect, creating a triangle in which the BNB price remains.
Let's move on to determining support and here, after decomposing the FibRetracement tool, we see support at $548, then we have strong support at $513, and then very strong support at $455.
Looking the other way, we will define the resistances in a similar way and here we can see how the price has approached a very strong resistance around $620, only when we manage to go up from it we will be able to see an increase to around $723.