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BNBUSDT trade ideas

BNB: Bullish FlagTrade setup : Following a bullish break above $300 key level, price reached as high as $338 but got very overbought (RSI > 80). Now it’s consolidating in a Bullish Flag pattern, which is a continuation pattern that typically resolves in a bullish breakout in the direction of the existing Uptrend. We wait for a breakout to confirm the Uptrend, with upside potential to $350 thereafter. 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 Mixed as MACD Line is below MACD Signal Line (Bearish) but RSI > 55 (Bullish). MACD Histogram bars are rising, which suggests that momentum could be nearing another upswing. Support and Resistance : Nearest Support Zone is $300 (previous resistance), then $260. The nearest Resistance Zone is $350.
Long
by altFINS
BNB's🌞 🐂 24-hr outlook; What About the rest of the market? 🤔Bearish clouds ☁️ linger over the global crypto market in the next 24 hours and week, likely to put pressure on crypto coins such as Bitcoin and Ether. However, Binance Coin, Dogecoin, and Chainlink defy this negative trend, suggesting upside potential in the near and medium term. 🌞 Binance Thailand’s joint venture with Gulf Energy Development’s unit Gulf Innova, resulting in a regulated and licensed crypto exchange, is now operational in Thailand. “Thailand is one of the leaders of crypto adoption in Southeast Asia & #Binance TH is excited to be part of the Thai digital asset ecosystem,” Binance’s CEO, Richard Teng, said. Binance Coin rose 0.9 percent over the past 24 hours to 315.81 dollars. Follow us for more crypto weather reports!
by ATTMO
BNB/USDT Short-Term 1HHello everyone, let's take a look at the BNB to USDT chart on a one hour time frame. As you can see, the price is moving above the local uptrend line. After unfolding the trend based fib extension grid, you can see support at $311, and then a support zone from $299 to $293. Looking the other way, strong resistance appears at $324, followed by a resistance zone from $338 to $345. The RSI indicator is recovering with room for further decline, while the STOCH indicator has a temporary rebound, which keeps the price falling.
by cryptodailyuk
HelenP. I BNB can bounce down from resistance zone to $305 levelHi folks today I'm prepared for you Binance Coin analytics. If we look at the chart, we can see how the price a short time ago started to trades in a downward channel, where it first rebounded from the support line and made a strong impulse up to the resistance line, thereby breaking the resistance level, which coincided with resistance zone. Also then, BNB at once rebounded from the resistance line, which coincided with the trend line, and made impulse down to 294 support level, which coincided with the support zone, breaking the 317 resistance level again. Then price some time traded near, after which BNB rebounded and rose to the resistance line, where it turned around and in a short time fell back to the support level. After correction, the price made impulse up from the 294 support level to the trend line, broke it, thereby exiting from the channel, and even rose to the resistance zone, but recently it declined below. Now price trades very close to the resistance level and I expect that Binance Coin will rise to the resistance zone and then start to decline to the trend line. That's why I set my target at the 305 level, which coincided with this line. If you like my analytics you may support me with your like/comment ❤️
Short
by FirstNameHelen
1
BNBUSDT.1DBased on the provided market data, BNB (Binance Coin) is currently trading at USDT 317.0. In the 4-hour chart, the Relative Strength Index (RSI) is at 67.22, which is near the overbought territory (70), suggesting that the coin might be overpriced and a price correction could be due. The Moving Average Convergence Divergence (MACD) is 2.8, indicating bullish momentum. The Bollinger Bands are at 319.0, with the coin trading below the upper band, suggesting less volatility. The immediate resistance level is at 318.0, and if it breaks this level, it could potentially head towards the next resistance levels at 327.0 and 340.0. The support levels are at 304.0, 290.0, and 284.0. In the daily chart, the RSI is at 65.93, indicating that the coin is near the overbought territory. The MACD is at 8.3, indicating a bullish trend. The Bollinger Bands are at 326.0, with the coin trading below the upper band, suggesting less volatility. The immediate resistance level is at 340.0, and if it breaks this level, it could potentially head towards the next resistance levels at 352.0 and 388.0. The support levels are at 310.0, 300.0, and 258.0. In the 7-day chart, the RSI is at 69.19, indicating that the coin is near the overbought territory. The MACD is at 13.3, indicating a bullish trend. The Bollinger Bands are at 335.0, with the coin trading below the upper band, suggesting less volatility. The immediate resistance level is at 350.0, and if it breaks this level, it could potentially head towards the next resistance levels at 396.0 and 440.0. The support levels are at 245.0, 185.0, and 200.0. Based on this data, BNB is currently in a bullish trend, but is nearing overbought conditions. There could be a potential price correction in the near future. As always, it is recommended to closely monitor the market conditions and make investment decisions accordingly.
by MarsSignals
1
BNB ANALYSIS🔮 #BNB Analysis - Breakout Trading 💰💰 🌟🚀 #BNB was trading in a Bullish Flag Pattern and here we can see that #BNB gave a great breakout in 4h chart pattern. We can expect a long rally in #BNB.💲💲 🔖 Current Price: $316.6 ⏳️ Target Price:    $350 ⁉️ What to do? - We have marked crucial levels in the chart . We can trade according to the chart and make some profits. 🚀💸 🏷Remember, the crypto market is dynamic in nature and changes rapidly, so always use stop loss and take proper knowledge before investments. #BNB  #Cryptocurrency #Breakout #DYOR
Long
by ZEUS_Market_Alerts
BNBUSDT - Price can continue to decline in falling channelHi guys, this is my overview for BNBUSDT, feel free to check it and write your feedback in comments👊 A few days ago price traded in support area, which coincided with $271 level, after which it made strong impulse up. BNB broke $271 level and reached $310 level, which coincided with support area, and soon price broke this level too. Next, price started to decline in falling channel, where later BNB broke $310 level again and declined to support line. But soon, price bounced from this line and made upward impulse back, breaking $310 level one more time. Also recently, BNB made little correction and continued to grow to resistance line of falling channel. So, I think Binance Coin can finally reach this line and then bounce down to $300, breaking support level. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Short
by WalterMoon
1
🔄💱The 5 Benefits Of Crypto: Binance coin vs Bitcoin 🔗Binance Coin (BNB) and Bitcoin (BTC) are both cryptocurrencies, but they serve different purposes within the broader crypto ecosystem. -- Watch this video to learn more -- **Disclaimer:** The information provided above is for educational and informational purposes only. -- It does not constitute financial advice, and trading always involves -- a risk of substantial losses, regardless of the margin levels -- used. Before engaging in any trading activities, it is crucial to -- conduct thorough research, consider your financial situation, -- and, if necessary, consult with a qualified financial advisor. Past -- performance is not indicative of future results, and market -- conditions can change rapidly. Trading decisions should be made -- based on careful analysis and consideration of individual -- circumstances. The user is solely responsible for any decisions made -- and should be aware of the inherent risks associated with trading in -- financial markets.
Long
by lubosi
BNB Technical Analysis• The primary trend for BNB is bullish. Following its encounter with resistance, it has initiated a corrective wave. • Presently, a correction is apparent, taking the shape of a descending channel. • It is anticipated that the price will continue to oscillate within the upper and lower bounds of this channel. • Should reversal patterns emerge, the main bullish trend is expected to resume. Conversely, if the lower support zone is breached downwards, the Binance Coin trend will shift to bearish. (All analyses will be updated) This analysis is informational, not financial advice.
by MonoCoinSignal
Analysis of BNB/USDT: A Promising Bullish Flag Formation Today, I'd like to bring your attention to the Binance Coin (BNB) against the US Dollar (USDT) pair, as it presents an intriguing opportunity. Technical Analysis: Currently, BNB/USDT is exhibiting a classic bullish flag pattern on the daily timeframe. The price action has been consolidating within a well-defined channel, forming a flagpole followed by a narrowing flag. This pattern often suggests a temporary pause in the prevailing uptrend before a potential continuation. Key Levels and Entry Point: As of the latest analysis, the price is hovering in the range of $304 to $307. This range acts as a potential entry point for a long (buy) position. Traders could consider initiating their positions within this range, anticipating a breakout to the upside. Targets: The price targets for this potential upward move are identified as follows: $310 $320 $330 $340 These levels represent potential resistance zones that could act as profit-taking targets. It's essential to monitor the price action and adjust the strategy based on the market's evolving conditions. Risk Management: While the bullish setup is promising, it's crucial to implement sound risk management strategies. Consider placing stop-loss orders below key support levels to mitigate potential losses in case the market takes an unexpected turn. Conclusion: In conclusion, the BNB/USDT pair is currently displaying a compelling bullish flag formation on the daily timeframe. Traders may find favorable entry opportunities within the $304 to $307 range, targeting potential resistance levels at $310, $320, $330, and $340. Keep a vigilant eye on the price action, implement risk management measures, and adjust the strategy as the market unfolds. Best of luck with your trades!
Long
by Cryptoscalper7
BNB: Pullback in UptrendTrade setup : Following a bullish break above $300 key level, price reached as high as $338 but got very overbought (RSI > 80). Now it’s pulled back to $300 support, retesting that breakout level, which could be an attractive swing trade entry in Uptrend, with upside potential to $350. Stop Loss (SL) level at $285 (10% downside risk versus 20% upside potential for a 1:2 Risk-Reward Ratio). Trend : Uptrend across all time horizons (Short- Medium- and Long-Term). Momentum is Mixed as MACD Line is below MACD Signal Line (Bearish) but RSI ~ 50 (Neutral). Support and Resistance : Nearest Support Zone is $300 (previous resistance), then $260. The nearest Resistance Zone is $350.
Long
by altFINS
BNB : WAITING PRICE RETEST Hello Traders, 📈 My technical analysis - On weekly chart, you can see that a strong support, price had got a bump above 3 EMA - On daily chart, we can see clearly about a swing higher high, it showed that an uptrend. So, I think BNB will up more next time. 🎯In my trading opinion: I recomend that we can wait a retest at 240-260 price zone to buy and hold 📚 Remember that: Always follow your trading plan regarding entry, risk management, and trade management. Good luck!
Long
by PhuThongTrader
BNB/USDT 1DIntervalBNB/USDT on a one-day time frame. We will start by identifying a downtrend line from which we can see how the price has gone up and is currently struggling to stay above this level. Moreover, at this point we can see the formation of the Cap and Handle formation, which is characterized by a first large and a second smaller low, after which an upward price break can be observed. Moreover, the recent declines were caused by the bombardment of the media with negative information about the Binanc exchange, which lowered the valuation of the BNB token. Going further, when we unfold the fib retracement grid, we will see that the price has been rejected by a very strong resistance zone from $319 to $351, but if we return to it and the price goes up, the path towards the next significant resistance around $443 will open. Looking the other way, we will define the places of support in a similar way. And here we can see the first support at the level of $286, then we can determine the second support at the level of $253.7, which could potentially fill the formation. However, if the formation is broken, we still have a very strong support zone from $231 to $202. Please look at the RSI indicator, which shows a rebound towards the upward trend line, while the STOCH indicator shows a strong downward movement, which resulted in a small price movement on the chart, but there is still room to deepen the correction.
by cryptodailyuk