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BNBUSDT trade ideas

BNBUSDT.4HIn the 4-hour chart for Binance Coin (BNB/USDT), BNB is trading within a range, with price action fluctuating between support and resistance levels. The resistance (R1) at $652.6 represents the upper boundary of the range, while the support (S1) at $496.1 acts as the lower boundary. There's an additional support level (S2) at $349.9, marked by earlier price interactions. The current price is at $606.1. The RSI is at a neutral 58.56, suggesting that there's room for movement in either direction without being in the overbought or oversold territory. The MACD is hovering around the signal line, indicating a balance between buyers and sellers with no clear momentum. For traders, watching for a breakout above R1 could provide a bullish signal, while a break below S1 might suggest bearish momentum. The strategy could involve entering trades following a bounce from S1 or a breakout above R1, with appropriate risk management measures such as stop-loss orders. Confirmation from trading volume would strengthen the signal for entry.
Long
by MarsSignals
Lingrid | BNBUSDT long from the KEY SupportThe price perfectly fulfilled my last idea. BINANCE:BNBUSDT moved higher and closed above the key level at 600. However, the market has started moving sideways following a break-through. It is forming the compression channel, which might be a trend continuation pattern. It is heading toward the top of the range zone on the daily timeframe. If you look at the weekly timeframe, the market formed a long-tailed bar. I think the market will be squeezed before the extension, reaching resistance. My goal is a resistance zone at 625 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
1
BNB Bulls Charge: Price Attempts Breakout After Clearing Key ResThe Binance Coin (BNB) price is attempting a fresh rally, buoyed by a surge that surpassed the crucial $550 resistance zone. This positive momentum has ignited optimism among investors, with analysts suggesting a potential extension towards $630 and beyond. Breaking Through Resistance: A Bullish Signal BNB's recent price action hints at a bullish resurgence. After encountering resistance around $550, the price successfully breached this level, indicating a shift in market sentiment. This breakout signifies increased buying pressure and suggests that investors are regaining confidence in BNB's future prospects. Technical Indicators Point Towards Further Gains Several technical indicators support the bullish narrative for BNB. The price is currently trading comfortably above the 100 simple moving average (SMA) on the 4-hour chart. The SMA acts as a line of support, and staying above it indicates a potential uptrend. Furthermore, a key bullish trend line has emerged on the 4-hour chart, with support established at $592. This trend line reinforces the bullish bias and suggests that dips towards this level might be met with renewed buying pressure. Crucial Resistance Awaits: $608-$610 Zone For the bulls to maintain control, BNB must decisively overcome the next hurdle: the resistance zone between $608 and $610. A successful breach of this level would significantly bolster the bullish momentum and pave the way for a potential test of the $630 mark. Overcoming Hurdles: Factors Influencing BNB's Price While the technical outlook appears promising, several factors could influence BNB's price trajectory in the coming days. The overall performance of the broader cryptocurrency market, particularly Bitcoin (BTC), will likely play a significant role. If BTC experiences a significant correction, it could trigger a pullback in BNB's price as well. Additionally, positive news or developments surrounding the Binance ecosystem could provide BNB with an additional boost. Upcoming product launches, partnerships, or regulatory clarity could all contribute to increased investor interest and drive the price upwards. BNB's Utility: A Long-Term Strength Beyond the current price action, BNB's inherent utility within the Binance ecosystem remains a significant long-term strength. As Binance continues to expand its offerings and user base, the demand for BNB – which fuels transactions and unlocks various benefits on the platform – is likely to grow as well. This intrinsic utility provides a fundamental layer of support for BNB's price, even amidst broader market fluctuations. Conclusion: A Cautiously Optimistic Outlook The current price action suggests that BNB is poised for a potential breakout. The successful clearing of the $550 resistance zone, coupled with favorable technical indicators, paints a bullish picture. However, overcoming the upcoming resistance levels and navigating the external market forces will be crucial for BNB to sustain its upward trajectory. Investors should remain cautiously optimistic and closely monitor both technical and fundamental developments to make informed decisions. While the short-term outlook appears promising, a long-term investment strategy focused on BNB's utility within the Binance ecosystem might prove more rewarding.
Long
by bryandowningqln
Ecosystem Buff-- BNBMany tokens have fallen sharply, but BNB has once again exceeded 600 during the rebound. Although the SEC’s charges against Binance will bring uncertainty to BNB, we have to admit that BNB is one of the tokens with a strong ecosystem buff in the market. In the bull market, Launchpad has brought additional benefits with less risk than other DeFi activities. And last week Binance launched Megadrop. Get extra incentives by increasing the utility of locking BNB. This undoubtedly allowed BNB to outperform other tokens over the last week. Compared with tokens such as SOL and MATIC, BNB has CEX with the largest trading volume and top-ranked chain support, and has a high risk resistance. But it should be noted that the SEC is the biggest risk point for BNB. Although CZ is no longer the CEO, we have seen many times that when a protocol has reached a certain scale, the SEC will pay more attention to it. Recently, UniSwap received Wells Notice is one example. Returning to our indicator analysis, the TSB indicator prompted a BUY signal on December 15. After that, BNB started to rise like most tokens on the market. In March, after BNB broke through 600, it began to fluctuate. During the fluctuation, we can see that the column touches the wavy line in the TSB indicator many times, and then the bulls strengthen. This is a classic case. Before the TSB indicator gives a SELL signal, the wavy area will provide support. At present, BNB continues to maintain a healthy bullish trend. Introduction to indicators: Trend Sentinel Barrier (TSB) is a trend indicator, using AI algorithm to calculate the cumulative trading volume of bulls and bears, identify trend direction and opportunities, and calculate short-term average cost in combination with changes of turnover ratio in multi-period trends, so as to grasp the profit from the trend more effectively without being cheated. KDMM (KD Momentum Matrix) is not only a momentum indicator, but also a short-term indicator. It divides the movement of the candle into long and short term trends, as well as bullish and bearish momentum. It identifies the points where the bullish and bearish momentum increases and weakens, and effectively capture profits. Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies. Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
by sypool-AI-TradeGenius
The key to interpreting indicators is support and resistanceHello traders! If you "Follow" us, you can always get new information quickly. Please also click “Boost”. Have a good day. ------------------------------------- (BNBUSDT 1M chart) If the price holds above 0.618 (528.6), the upward trend is expected to continue. When the candle closes around 0.618 (528.6), you should check whether a new HA-High indicator is created. Also, you should check if the StochRSI indicator switches to a bearish indicator. If it falls below 0.618 (528.6) and shows resistance, it is likely to fall to around 427.2. Accordingly, if it falls below 511.4, it is recommended to sell part of it to prepare funds to respond to the decline. (1W chart) The box section of the HA-HIgh indicator covers a fairly large range (211.7-669.3). Accordingly, the key is whether it can receive support and rise in the 533.9-645.2 section, which is the upper section of the box of the HA-High indicator on the 1M chart. However, since a psychological volume profile section is formed over the 573.0-649.5 section, the upward trend is expected to continue only when it rises above this section. Therefore, if it falls below the 511.4-533.9 range, 1st: 427.2 2nd: 320.9-332.4 You need to check if you receive support around the 1st and 2nd levels above. However, since the M-Signal (MS-Signal) indicator on the 1W chart is passing around 0.5 (466.3), it is important whether it can be supported and rise around 427.3-466.3. The StochRSI indicator shows a decline below the midpoint. We need to see if the StochRSI indicator can turn upward. (1D chart) The key is whether the price can be maintained by rising above 588.9. If the price remains above the M-Signal (MS-Signal) indicator on the 1D chart, it is time to buy. Therefore, the current section corresponds to the buying period. If it falls below 555.8, it may lead to a further decline, so you need to think about a response plan. -------------------------------------------------- -- What I wanted to talk about in the BNBUSDT chart is the flow of the BW indicator and StochRSI indicator. The BW indicator is - 1M chart: Located at the highest point of the overbought zone - 1W chart: Located in overbought zone - 1D chart: Located in oversold area The StochRSI indicator is - 1M chart: Located in overbought zone - 1W chart: falling below the midpoint - 1D chart: About to rise into the overbought zone As shown above, the positions where they are formed are different. Therefore, I think it is highly likely that the shaking will continue to show the flow in the same location and direction. In this case, what is important is how long you have been trading this coin. Depending on the period during which the transaction was carried out - Short-term perspective: Respond to the trend on the 1D chart - Mid- to long-term perspective: Respond to the trend of the 1W chart - Long-term perspective: Respond to the trend of the 1M chart As shown above, you need to look at which chart to create a trading strategy. However, I think the 1W chart is usually the chart that expresses the overall trend well. Therefore, I think the 1W chart is most appropriate when analyzing trends. The movements of the BW indicator and StochRSI indicator on the 1M chart are quite slow. Therefore, it is difficult to refer to the BW indicator and StochRSI indicator on the 1M chart when trading. However, when a new candle is created, it is possible to roughly know what it will look like in the future based on changes in the BW indicator and StochRSI indicator. The fact that the BW indicator is located at the highest point of the overbought range also means that the likelihood of a future decline increases. Therefore, from a long-term perspective, it is necessary to respond to declines. The BW indicator on the 1W chart is located in the overbought section, and the StochRSI indicator shows a decline below the mid-price point. Accordingly, you need to check for support and resistance points near the current price and think about how to respond. The HA-High indicator on the 1W chart appears to be newly created at the 555.8 point. If the HA-High indicator on the 1W chart is created at the 555.8 point, you need to check whether it can be supported and rise around that area. The creation of the HA-High indicator means that a high point has been formed. Therefore, it means that the 555.8 point corresponds to the high point. Since the previous HA-High indicator point was 522.0, it is highly likely that the high point will be renewed only if it is supported and rises around 522.0-555.8. If it fails to do so and falls, it will basically fall near the HA-Low indicator. However, it is not easy to meet the HA-Low indicator because it is highly likely that support and resistance points have been formed until the HA-Low indicator is met. A representative indicator is the MS-Signal indicator. The BW indicator on the 1D chart is located in the oversold zone, and the StochRSI indicator is showing signs of entering the overbought zone. If the BW indicator shows an upward trend when a new candle is created, it is likely to lead to a further rise. Otherwise, if a horizontal line is created in an overbought area, you must respond depending on whether there is support at that horizontal line point. When the StochRSI indicator rises into the overbought zone, it means that the strength of the rise is strong. Therefore, it is likely to rise. Therefore, if the BW indicator also shows an upward trend when the StochRSI indicator shows a strong upward trend, it means that there is a high possibility that the price will rise from the support and resistance points of the current price. At the current price position, the support zone is the MS-Signal indicator and the resistance zone is the HA-High indicator. If this is expressed numerically, it falls within the range 555.8-588.9. Indicators depicted on charts are likely to be lagging. Therefore, in order to check these lagging indicators, there must be support and resistance points drawn on the 1M, 1W, and 1D charts. Otherwise, you need to be careful as there is a possibility of big losses due to a slow response. When using an indicator, it must be interpreted in accordance with the core interpretation method of the indicator. If you try to interpret it by including additional transaction methods, you should avoid it as it may lead to transactions taking place in the wrong direction. Have a good time. thank you -------------------------------------------------- - The big picture The full-fledged upward trend is expected to begin when the price rises above 29K. This is the section expected to be touched in the next bull market, 81K-95K. #BTCUSD 12M 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (when overshooting) 4th: 13401.28 151166.97-157451.83 (when overshooting) 5th: 178910.15 These are points that are likely to encounter resistance in the future. We need to see if we can break through these points upward. Since it is thought that a new trend can be created in the overshooting zone, you should check the movement when this zone is touched. #BTCUSD 1M If the general upward trend continues until 2025, it is expected to rise to around 57014.33 and then create a pull back pattern. 1st: 43833.05 2nd: 32992.55 -----------------
by readCrypto
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 $585 If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
1
Lingrid | BNBUSDT Probably the last PUSH downThe price perfectly fulfills my last idea. It hit the target level. BINANCE:BNBUSDT has been making lower lows. It made a pullback, then continued updating LL. As you can see, the market has calmed down after falling. The main idea is that the market will probably move sideways, building liquidity above and below the range zone, which is basically the accumulation zone. I think the market might move down before the volatility kicks in. My goal is the support level at 515.0 Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻
Short
by Lingrid
7
BNB: A massive move is coming! The price is hanging right below the upper trendline of the bigger bull pennant, and now is the time to keep a close eye on BNB! If you're looking to trade BNB at the moment, here's a quick setup that you might find helpful! The idea is: Buy when the price breaks above 616$ 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