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BNBUSDT trade ideas

HelenP. I BNB can repeat movement down and then continue riseHi folks today I'm prepared for you Binance Coin analytics. If we look at the chart we can see how the price some time ago entered to upward channel, where it at once declined to the trend line, which is the support line of the channel also. After this, BNB rebounded from this line and rose to support 2, which coincided with the support zone and soon broke it, after which made the small correction and continued to move up in the channel. But soon price fell again to support 2, and at once made a strong impulse up to support 1, which coincided with one more support zone and tried to break it, but failed and declined to the trend line. After this movement, BNB started to rise close to the trend line and soon price broke support 2, and a not long time ago rose a little higher than the support zone. Now, the price trades near this zone and I expect that Binance Coin will repeat movement down to the trend line and then rebound up and continue to rise in an upward channel. For this case, I set my target at the 433 level.If you like my analytics you may support me with your like/comment ❤️
Long
by FirstNameHelen
1
BNB: Resistance BreakoutTrade setup : Price remains in an Uptrend. After consolidating in a Bullish Flag pattern, price broke out in the direction of the existing Uptrend and above $400 resistance to signal resumption of Uptrend with +10% upside potential near-term to $450. Stop Loss (SL) at $387. Trend : Uptrend across all time horizons (Short- Medium- and Long-Term). Momentum is Bullish but inflecting. MACD Line is above MACD Signal Line and RSI is above 55 but momentum may have peaked since MACD Histogram bars are declining, which suggests that momentum is weakening. Support and Resistance : Nearest Support Zone is $350 (previous resistance), then $300. The nearest Resistance Zone is $400, which it broke, then $450.
Long
by altFINS
Will BNB try to break out?So, after 693 days BNB has reached the upper resistance of this huge channel and considering the bullrun has barely begun this will breakout. Also because Binance want his coin to fly so they'll deploy liquidity! And to be honest I'd be happy if they did because Binance ecosystem is really useful. The BSC is super cheap, I've been using it many times, I know it's not fully decentralized but at the end of the day I really don't care, I'm here to make profit not for the philosophy. In case of breakout this is how I'd see this playing out (only pay attention to the trajectory, not the time): Going back to W timeframe the RSI seems to be too much overbought but if OBV breaks out this should still fly. I wouldn't expect great ROI from BNB, it has a huge Market Cap, it'd be hard to do more than 3-4x to be honest, maybe less. In the short period, if OBV doesn't breaks out I expect a retracement! Well that's it, I'm not trading it, I only use it to buy on the BSC. Use my TA as you like. Good luck
Long
by Shotokhan
1
BNBUSDT - Price can leave pennant and rise to $430 pointsHi guys, this is my overview for BNBUSDT, feel free to check it and write your feedback in comments👊 Recently price trades near support level, but later it declined to support area, where BNb entered to pennant. Then price made strong upward impulse from support line of pennant to $387 points, thereby breaking $350 level. BNB made little correction and then continued to grow to next support level, which coincided with one more support area. Later, price broke this level too and rose to resistance line of pennant, but in a short time later it declined to support line. Soon BNB bounced of support line and rose back to resistance line, breaking $405 level, where continues trades near. Now, I think Binance Coin can fall to support level and then bounce up to $430, exiting from pennant. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
BNB/USDT Keep an eye on Bullish Flag, Break or rejected ??💎 BNB has recently experienced significant developments in the market. It is currently exhibiting a Bullish flag pattern, which is considered a bullish continuation pattern. 💎 If BNB successfully breaks out of this pattern, there is a probability of a continued upward movement in price, with the potential to reach our target strong resistance area. 💎 However, if BNB fails to break out of the pattern, there is potential for the price to decline and return to retest the support area to establish new momentum. In a more bearish scenario, BNB could even drop back to the demand area around 266. 💎 The demand area is critical and would require a bounce to support the continuation of the upward movement. If BNB remains in a sideways trend with weak volume, this could be a concerning sign, as it may lead to a loss of demand or a breakdown of the area. 💎 In such a scenario, BNB would revert to a downward movement, and the support trendline would also be breached, potentially taking the price back to the strong support area.
by MyCryptoParadise
1
BNB: Resistance BreakoutTrade setup : Price remains in an Uptrend. After consolidating in a Bullish Flag pattern, price broke out in the direction of the existing Uptrend and reached our target of $400 for a +30% gain. Price has also broken above $400 resistance; however, it is now very overbought (RSI > 75), Hence, near-term, we’re likely to see it pause here on some profit taking. We would patiently wait for a pullback opportunity for a swing trade entry in Uptrend. Pattern : Bullish Flag pattern. Short term small rectangle trading range between diagonal parallel lines. It moves counter to the prevailing price trend observed in a longer time frame on a price chart. It forms typically following a sharp advance and often indicates a small change in direction (or areas of consolidation) before the previous trend resumes. Flag pattern is among the most reliable continuation patterns that traders use because it generates a setup for entering an existing trend that is ready to continue. Trade is initiated on a breakout, if it is in the same direction as the prevailing trend. Also, with bullish flag patterns, traders prefer a breakout with an increase in volume but it isn’t a must. Trend : Uptrend across all time horizons (Short- Medium- and Long-Term). Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55). Support and Resistance : Nearest Support Zone is $350 (previous resistance), then $300. The nearest Resistance Zone is $400, which it broke, then $450.
Long
by altFINS
Binance Coin can correct to support line and then rebound upHello traders, I want share with you my opinion about Binance Coin. Looking at the chart, we can see how the price some days ago started to trades in an upward channel, where it first rebounded from the resistance line and fell to the buyer zone, which coincided with the 301 support level. After this, BNB bounced up and some time traded near the 301 level, after which it made a correction back to the buyer zone. Soon price backed up and a few time traded between the support level, after which it reached support line of the channel and made a strong upward impulse to the resistance line of the upward channel. BNB rolled down from this line and declined to 345 points, after which it turned around and started to rise to the current support level, which coincided with the support area. In a short time later, BNB reached this level, and broke it, thereby exiting from the upward channel and continuing to move up near the support line. Now, the price trades near the support line and I think that Binance Coin can correct to this line and then continue to rise higher. For this case, I set my target at the 430 level. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
1
BNBUSDT: Bullish Trend (Bullish Flag)🚀 Exciting Trading Opportunity Unfolding! 📈 BNBUSDT.P on the 1-hour chart reveals a meticulously identified Bullish Flag pattern, signaling a potential breakout for lucrative gains! 🌐 Join us as we navigate this promising setup, anticipating a decisive uptrend. 📊 No bearish divergence or trend in sight – the stage is set for a bullish surge! 📢 Traders, seize the moment strategically, position yourselves for maximum advantage, and stay alert for the breakout signal. 📈🚀 Let's ride this wave together! 🌊 #BNBUSDT #BullishFlag #TradingOpportunity #Crypto
Long
by mudusir
1
Binance Coin(BNB): Looks Bullish But Is It?Binance coin is looking strong, but for how long? We are seeing a nice growth happening where price has drifted far away from EMAs (100 and 200), which is indicating a potential reversal to happen, but when it is hard to know,. As of now, we might see some further smaller growth here, but in total, we are looking for a re-test to happen in that supportive zone, which will be the next major zone to determine further movement. Swallow Team
Short
by SwallowPremium
BNB/USDT 4h ChartI invite you to review BNB in a four-hour interval. As can be seen at the beginning, the price is again approaching the upper limit of the ongoing upward trend channel, which may limit the upward movement. In this situation, we will deploy the trend based fib extension tool, thanks to which we can mark a very strong resistance zone from $402 to $411, which is the upper border of the channel, which again may be a big limitation for further growth, but if the price positively overcomes the resistance zone, further we can see a rapid increase to around $438. Looking the other way, we can similarly identify support areas where the price could potentially end its recovery. And here we should take into account a small zone from $385 to $380, and then we can see how the price may return to the level of $369. When we look at the RSI indicator, we can see that there is still room for growth, while the STOCH indicator again exceeds the upper limit, which previously resulted in the suspension of growth and recovery.
by cryptodailyuk
2
BNB NEW UPDATE (4H)This analysis is an update of the analysis that you can see at the bottom of this page, in the related analysis section In the previous analysis, we specified an invalidation level of 2.8% for BNB from the supply range and announced that if this level is touched, the analysis will be violated. The invalidation level was touched and the previous analysis was violated. In the previous analysis for BNB, we imagined a diametric correction for wave B, but the correction was a triangle. BNB has completed a wave A and a wave B. It is now expected to have an upward wave C while maintaining the green swap range.
Long
by behdark
5