BNBUSDT trade ideas
Binance Coin (BNB): Bollinger Bands Exploaded / Major ResistanceWe are back with Binance Coin, where we are now looking at a slightly bigger timeframe.
What is catching our attention is still that strong and major resistance zone, (which is currently being tested, but also the Bollinger Bands, which have been exploaded complitely.
Usually, when Bollinger Band is expended like that near Resistance ( + we are in an overbought zone with RSI), there are some major moves to come soon.
There's of room to move for a healthy correction, so keep an eye!
Swallow Team
Alikze → BNB | Upward wave 5 scenario Upward wave 5 scenario Or The end of wave 4 of erosion correction
In the weekly time, the current corrective wave, which is a 4-erosive corrective wave, according to the break of the 250 range, seems to have ended and it can be shifted to the support of the $313 range. Therefore, according to the failure of the current supply area and the dynamic trigger of any correction up to the Fibo area of 1.618 and the range of $313, it can be a pullback to continue the upward path for the specified areas. If the behavior and structure of the post changes, it will be updated.
🟩Sup: 313 ~ 331
⛳️Tp 1:375 ~406
⛳️ Tp2 : 437 ~ 460
⛳️ Tp3 : 608 ~ 615
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Long signal for BNB/USDTThis technical analysis is based on the daily chart of BINANCE:BNBUSDT on the Binance exchange. In this analysis, a price channel is drawn, and support and resistance levels are evaluated.
Price Channel Analysis:
The price is currently within a price channel ranging from 556.3 to 676.1 USDT.
The suggested entry point is around 588.5 USDT.
Entry and Exit Points:
Entry: 588.5 USDT
Take Profit: 676.1 USDT
Stop Loss: 556.3 USDT
Conclusion:
This analysis suggests that by adhering to the specified take profit and stop loss levels, a successful trade can be achieved. The Reward/Risk Ratio for this trade is approximately 2.74, indicating a highly favorable risk-to-reward scenario. To manage risk effectively, it is recommended to strictly follow the stop loss level.
bmwIt is always interesting to break out of some patterns.
Like getting out of the blue pattern that had 150% growth.
Two small yellow and green flag patterns are also visible.
The last green pattern is a beautiful pattern and it must be able to cross the red resistance area and ceiling to be completed.
So wait and watch for now
Lingrid | BNBUSDT Ready for All-Time Highs? The price perfectly fulfilled my last idea. BINANCE:BNBUSDT has been consistently making higher highs on the 4H chart, and the market is currently testing its previous high. This development is significant, as the price has recently broken out of a triangle formation, a trend continuation pattern, and closed above it. The current price action is unfolding right below the previous resistance level on the weekly timeframe. If the price manages to break through this level, it's likely to propel BNB to new all-time highs. Furthermore, the weekly chart reveals an inside bar formation, which indicates that the market was heavily squeezed before the extension, and we're now seeing the price surge towards new extensions. My goal is resistance zone at 650
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
#BNB/USDT UPDATE !!Hello friends, welcome to this BNB/USDT update from Crypto Sanders.
Certainly! Here's an update based on the recent movements and potential outlook for BNB (Binance Coin):
Resistance: The key resistance area to watch is around $610.
BNB recently bounced from the support level provided by the yellow moving average line.
The price is now approaching the critical resistance level of $610.
If BNB breaks above $610, it could signal the start of a new rally.
Traders should monitor the price action around this resistance level closely.
I have tried to bring the best possible results in this chart.
If you like it, hit the like button and share your charts in the comments section.
Thank you.
Start the crypto market with BNB?
BNBUSDT :
If it breaks the range of 630 and the candle closes above it
And the pullback is done, we can expect the specified range to move
But keep in mind that this is the first and short-term target
And if the price breaks our red trend line and crosses it
Then it will move up to the blue trend line.
You can open your position right now
And set your stop below 489
Another stop can be 554.
But keep in mind that the price may hit your stop in this area and move up.
So, if you want to open your position at the same price, the safe zone is 489.
If you want to wait, the price will cross 630 and complete the pullback
Stop point 558 is suitable.
BNB looks bullishConsidering the HLs on the chart and the bullish mCH on the chart and the breaking of the trigger line, we can have a bullish view on BNB.
If there is a pullback on the green range, we will look for buy/long positions.
The target is clear on the chart
Closing a daily candle above the invalidation level will violate the analysis
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
BNB(BINANCE COIN) is ready to go up
* 1D
BNB seems to be undergoing ascending triangles and triangular convergence.
It's currently attempting to break through the downtrend line at the top of the Ascending triangle and should be supported for further upside.
I think it's about to break through.
Let's see
BNBUSDT.1DAnalyzing the daily chart for Binance Coin (BNB) against USDT, we observe a significant price consolidation over the recent months. As of the latest data point, BNB is trading at $629.7. The chart is marked with several key resistance (R1, R2) and support (S1, S2, S3) levels.
Resistance Levels: R1 at $649.1 and R2 at $724.8. These levels have served as strong psychological barriers where price has faced selling pressure. The break above R1 recently suggests a bullish sentiment that may attempt to test the R2 level if this momentum continues.
Support Levels: S1 at $498.2, S2 at $398.5, and S3 below that which isn't clearly shown in the chart. The support levels indicate where buying interest has historically been strong enough to prevent further declines. Notably, the price hasn't tested S1 recently, indicating current market strength.
Technical Indicators:
RSI (Relative Strength Index) is at 56, which is moderately bullish and suggests there's room for upward movement before the asset becomes overbought.
MACD (Moving Average Convergence Divergence) is showing a bullish crossover, which supports the upward price momentum observed.
Price Action: The presence of bullish candlesticks breaking above R1, coupled with increasing trade volume, indicates an accumulation phase possibly by institutional investors, signaling strength.
Conclusion: The technical analysis suggests a bullish outlook for BNB in the short term, provided it sustains above R1. Traders might look for entry points on small retracements towards R1, setting stop losses just below this level to manage risk. The next target would be R2, with a possible breakout leading to higher highs. However, any reversal and break below R1 would require reevaluating this bullish scenario. Always consider market news and broader economic indicators which might influence market sentiment and cause sudden shifts in price trends.
BNBUSDT #001 ( Keep your Eyes on bullish Rally $$$ ) Hello dear traders.
Good days .
On daily Gann Square first Gann Arc resistance is broken and passed.
With support from lower Gann Fan line, is about to broken 2nd Gann Arc resistance and start 3rd Bullish leg of Elliot wave .
BNBUSDT is at Time reversal zone and expected from this position start bullish rally.
Chart updated and route plotted with help of Gann Square and Gann Box.
Good luck and safe trades.
Thanks for your support and comments
Trading opportunity. What to buy?In the crypto market, the largest assets are currently experiencing similar situations.
On the charts, we can see that six assets have formed sideways trends. Prices for all six assets are currently at the bottom of these sideways trends. For four assets, the price temporarily dropped below the lower boundary of the sideways trend, where liquidity from sellers was collected, but then returned to the sideways trend. The prices of five assets, excluding BNB, are in zones where it makes sense to consider buying. The most interesting potential is with DOGE and AVAX.
One possible strategy to consider is buying four assets that you like the most.
binance analysis analyticalyBinance/USDT Analysis in 4h Timeframe.
Technical Indicators: The 4-hour timeframe analysis for Binance/USDT lacks critical technical indicators such as MACD, KDJ, and RSI. Without these indicators, it is challenging to assess the momentum and potential trend reversals.Support and
Resistance Levels: Similarly, there are no identified support and resistance levels available for this timeframe. This makes it difficult to determine the market sentiment and potential entry or exit points.
Trend Analysis: Looking at the recent chart analysis for MATIC/USDT, it is mentioned to be in a downtrend, trading below the 200 EMA1. This suggests a bearish sentiment in the market, which could potentially affect Binance/USDT as well.
Market Sentiment: The sentiment for USDT is positive, with a price bounce-back from the 200 EMA, indicating a good time for long positions with a 10-12% potential target2. This contradicts the MATIC/USDT analysis, indicating mixed sentiment in the market.
Recent News: Bitcoin is experiencing volatility due to CPI data releases, which could impact the entire crypto market, including Binance/USDT3.
Additionally, BNB has dropped below 600 USDT with a slight increase, which might indicate a broader market trend4.In conclusion, the 4-hour analysis for Binance/USDT lacks crucial technical information, and the mixed signals from related markets suggest caution. Investors should consider the broader market sentiment and wait for more conclusive indicators before making any trading decisions.