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BNBUSDT trade ideas

Lingrid | BNBUSDT consolidating MARKET. ShortBINANCE:BNBUSDT has been consolidating over the month now. It is heading toward the bottom of the consolidationg zone. As you can see, the market made impulse leg. I think the market might move down to retest lower prices down to 500. We can expect the market to retest the previous month low from the trendline and swap zone. If the price rejects the resostance zone by forming long tailed bar or engulding candle then we can look for confirmation to short. My goal is the support level at 520.00 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
1
✴️ Binance Coin: Bearish SignalsHello my dear reader, we are doing candlestick reading now and we will focus mainly on recent price action. I hope you are having a nice weekend. Sometimes we focus on Elliott Wave Theory as the main system we use for charting/sharing. At times, we focus on the moving averages, oscillators and trend. At other times, we look at correlated markets and so on; when we combine all these signals, a clear picture shows up. ➖ Binance Coin (BNBUSDT) first bearish signal came in 16-March. A very strong bearish candle showed up leading to four red days. ➖ A bounce led to a lower high 12-April. This 12-April session is the second signal. This lower high is a Doji with a volume breakout. ➖ Today's session works as confirmation because now BNBUSDT is moving below EMA10. (Bearish continuation.) Summed up: 👉 We have a strong drop that leads to a lower high and the continuation of the bearish move. Namaste.
Short
by AlanSantana
4
BNB Faces Potential Sell-Off Following CZ's Sentencing TodayThe news of Binance's billionaire founder, Changpeng Zhao, being sentenced to four months in prison after pleading guilty to charges of enabling money laundering at his crypto exchange could potentially trigger a selloff in BNB. This development raises concerns about the governance and regulatory compliance within the exchange, which may lead investors to reassess the risks associated with holding BNB. Uncertainties surrounding the impact of Zhao's absence on Binance's operations and future prospects could further contribute to downward pressure on BNB prices in the near term. My price targets are: $510, $425 and $315.
Short
by TopgOptions
Binance CEO CZ Sentenced to Four Months in Prison, BNB Drops Binance's CEO Changpeng Zhao has been sentenced to four months in prison. CZ Set to Spend Four Months in Prison After pleading guilty to one count of violating the Bank Secrecy Act earlier in November 2023, the former Binance CEO in the person of Changpeng Zhao was sentenced to four months in prison by Judge Richard Jones for failure to establish robust anti-money laundering procedures. The judge rejected the DoJ's 36-month sentence request to reach to the decision. He said, "There needs to be an effort by this court to impose a sentence that's appropriate and reasonable." Considering Changpeng Zhao pleaded guilty and cooperated with authorities, the Federal sentencing guidelines set a maximum sentence of 18 months — under normal circumstances, such a charge would carry up to 10 years in prison. The Department of Justice requested a three-year sentence, arguing that the Binance founder willfully allowed illegal trades on the world's renowned crypto exchange Binance, failed to report thousands of suspicious criminal activities and garnered profits of around $1.6 billion from such transactions. In contrast, CZ's team requested probation and proposed house arrest as an option. After the court hearing, Judge Richard Jones disagreed with the DoJ's request to extend the sentence to three years, stating, "There's no evidence that the defendant was ever informed of illegal activity," . In response, the Department of Justice argued that CZ was aware of illicit activity. While the judge seemed to agree with the 10-16 months prison sentence and 1-3 years supervised release recommended by the Probation Office, the Department of Justice attorney argued otherwise. The Department of Justice stated that it would serve as an incentive for others to break the law on a large scale. The defense attorney reiterated CZ's and Binance's compliance throughout the process. Binance agreed to pay $4.3 billion in fines, while CZ would pay $50 million — a fraction of his $33 billion net worth, according to Forbes. After several exchanges, the judge rejected the DoJ's request for three years and sentenced CZ to four months in prison. CZ's sentencing comes off the back of former FTX CEO Sam Bankman-Fried’s 25-year prison sentence for his role in the collapse of the FTX exchange. In the forgeoing lawsuit, CRYPTOCAP:BNB is showing recovery signs after bouncing from a low of $556.20 to $570.60. The general crypto market is gearing up to the news, considering CZ's and Binance's wide influence in the space. Many expect the crypto market to see a slight recovery from recent dumps following CZ's short sentence.
by DEXWireNews
BNBUSDT.4HThe 4-hour chart for Binance Coin (BNB/USDT) shows that the price is currently oscillating within a relatively tight trading range. The price is currently at $569.6, with the chart indicating a primary resistance (R1) at $649.1 and a strong support (S1) at $490.8. A secondary support level (S2) is identified further down at $349.9. The price has rebounded multiple times from the support level at $490.8, suggesting strong buying interest at this price point. Conversely, resistance at $649.1 has capped upward movements, indicating significant selling pressure at this level. The RSI indicator is in the middle of its range at 36.25, suggesting a lack of strong momentum in either direction currently. The MACD is slightly below the signal line, indicating a slight bearish momentum but not significantly so. For trading, watching how the price interacts with these key levels would be crucial. A break above $649.1 could signal potential for a further upward movement, possibly targeting the previous high near $645.2. Conversely, a break below $490.8 could lead to a test of the lower support at $349.9, indicating a stronger bearish sentiment. Traders might consider positions based on the breakout direction from these key levels, ensuring to use proper risk management strategies to protect against unexpected moves.
by MarsSignals
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