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BNBUSDT trade ideas

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
✴️ Binance Coin Correction Imminent28-December we have a very strong bearish candle: Long upper wick, small real body closing red near the session low. The entire up-move is an inverted correction; upwards ABC. We cannot count 5-waves up here, which means that this pair was weaker than most. The strong negative candle 28-Dec. is followed by multiple bearish close. The 1st January 2024 (Happy New Year) starts full red... Unless a miracle happens (Bitcoin Spot ETF launch?) this is going lower... And the SEC will delay everything again until they put CZ in prison. We don't know how far down it will go... Hope for the best, prepare for the worst. Namaste.
Short
by AlanSantana
12
Binance Coin can reach resistance line of channel and start fallHello traders, I want share with you my opinion about Binance Coin. Observing the chart, we can see that the price not long time ago made a strong upward impulse to 336 points, thereby breaking 326 and 297 levels. After this, BNB started to decline inside the downward channel, where it at once, after a strong impulse up, made a correction movement to the support line from the resistance line of channel, thereby breaking the resistance level, which coincided with the seller zone. Also, in the channel, the price made a fake breakout of the resistance line, after which it made an impulse down and continued to decline in the channel. Later, BNB rose to the resistance level again, and even tried to break it, but failed and in a short time declined to the support level, which coincided with the buyer zone. Near this level, BNB two times declined to the buyer zone, even declined lower this zone, and at the second try price turnaround and made a strong impulse up to the resistance line of the channel, which continues close at the moment. So, I think Binance Coin can reach this line and then start to decline to the support level. For this case, I set my target at the 305 points, which coincides near with the support level. Please share this idea with your friends and click Boost 🚀
Short
by LegionQ8
2
🌟🔍 Binance Coin (BNB) Post-Pump Analysis and Strategies 📈🛑 🔺 BNB's Current Consolidation: After a significant pump from the entry point of $250, BNB is now in a resting phase. The next upward movement could potentially commence from around $350. 📊 Weekly RSI Approaching Overbought: The Relative Strength Index (RSI) in the weekly timeframe is nearing overbought territory, suggesting a possible rally towards $350. 🔐 Personal Holding Strategy: I am continuing to hold my previous BNB purchases and not moving my stop loss. I believe our entry point is strong, and in the event of a downturn, I plan to hold through for a potential bull run. 📈 Futures Trading Strategy: For futures, a long position can be considered after surpassing $324, but a large stop loss might not be advisable. 💼 Holding Without Profit Booking: I am not planning to book profits on my holdings as of now. 🚨 Market Caution: The overall market is at a point where a correction is likely, so it’s important to trade with proper capital management and definitely set stop losses. 🔑 Related Categories: Binance Coin (BNB) Post-Pump Behavior RSI Analysis Holding and Trading Strategies How are you adjusting your strategies in response to BNB's recent movements and the overall market situation? Are you holding, trading, or reassessing your positions? Share your approach! 💬🌐 #BNBStrategy #CryptoTrading #TradeCityPro 📚 Remember: Cryptocurrency markets are volatile. Always ensure to manage your investments wisely and stay informed about market trends! 🧠💼
Long
by tradecitypro
10