BNB testing the support level, a bullish breakout could be on thAs long as BNB stays above the support level, bullishness may come. You can enter a stop order just below the support and open a position.
BNBUSDT trade ideas
HelenP. I Binance Coin can little correct and then continue growHi folks today I'm prepared for you Binance Coin analytics. A not long time ago price reached support 1, but at once rebounded and in a short time declined to the trend line, breaking support 2, which coincided with the support zone. As well, BNB started to trades in a triangle, where it soon rebounded from the trend line and rose higher than support 2, breaking it one more time, after which BNB made correction below the trend line to this level. Next, the price started to rise and soon exited from the triangle pattern and in a short time rose to the trend line, which that moment coincided with support 2 and one more support zone. After this movement, BNB broke this level with the trend line and rose a little higher, but soon it turned around and declined back. The price made impulse up to 246 points, thereby breaking one more time support 2 and trend line. For this moment, I expect that Binace Coin will make a small correction, after which it turn around and continue to move up. Therefore I set my target at the 355 level. If you like my analytics you may support me with your like/comment ❤️
BNB/Binance Technical Analysis and Trade IdeaMarket Context: BNB/Binance has enjoyed a strong bullish run, but monthly timeframe signals point towards the asset being overbought. Additionally, a move into previous highs on teh 1M and 1W charts hint at a possible pullback to the 50-61.8% Fibonacci retracement area. This zone often sees increased liquidity, which could attract long positions from institutional players.
Potential Trade Strategies:
Counter-Trend Short: Consider a short entry around the current price level, placing a stop-loss above the recent highs. Aim for a 1:1 risk-reward ratio on this trade.
Fibonacci Buy: Look for a buying opportunity near the 61.8% Fibonacci retracement level, anticipating potential long positions from larger market participants. Place a stop-loss below the recent swing low and establish target levels as covered in the video.
Disclaimer: The analysis presented reflects my interpretation of market conditions and is intended for educational purposes. It does not constitute financial advice. Before executing any trades, conduct your own comprehensive research and carefully consider your risk tolerance.
$bnbusdt#btc #eth #bnb
there is good bullish opp here on CRYPTOCAP:BNB
just follow the green arrow
Tp:340
Cup on BNBCup pattern on BNB
After breaking the leading resistance line, it will rise to the depth of the cup
BNB.X in +5.27% UptrendBNB.X in +5.27% Uptrend, rising for three consecutive days on February 09, 2024
Moving higher for three straight days is viewed as a bullish sign. Keep an eye on this stock for future growth. Considering data from situations where BNB.X advanced for three days, in 245 of 445 cases, the price rose further within the following month. The odds of a continued upward trend are 55%.
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on February 07, 2024. You may want to consider a long position or call options on BNB.X as a result. In 65 of 130 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 50%.
The Moving Average Convergence Divergence (MACD) for BNB.X just turned positive on February 08, 2024. Looking at past instances where BNB.X's MACD turned positive, the stock continued to rise in 27 of 60 cases over the following month. The odds of a continued upward trend are 45%.
Bearish Trend Analysis
The RSI Indicator demonstrated that the stock has entered the overbought zone. This may point to a price pull-back soon.
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 3 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where BNB.X declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 42%.
BNB.X broke above its upper Bollinger Band on February 08, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
The Aroon Indicator for BNB.X entered a downward trend on January 30, 2024. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
BNBUSDT 3DTrend line breaking out will happen soon. Be ready for new ATH🚀 in mid-term. Support is around $273
Targets are $353.40 $433.30 $532.10 $691.80 and new ATH🚀
Binance Coin(BNB): Waiting For Entry! Binance coin has been having some small corrections, which ended up with the current 4-hour candle pushing heavily to the upper zones (potentially short-squeezing).
We are looking for that smaller support zone to be broken and enter with a potential short position 👀
Swallow Team
BNB/USDT 1D Chart ReviewI invite you to review the chart of BNB in pair with USDT. Here, however, we will start by defining, using a white line, a downward trend line, at which we can see how the price is struggling to maintain the upward trend. Then, using the blue lines, it is worth marking a strong side trend channel, in which we also fight at the upper border. Moreover, this is where you can mark cup and handle formations, the completion of which most often results in an increase in price.
Moving forward, you should check the resistance points for the price. And here you can see a strong resistance zone from $354 to $401, which effectively influences the price rebound downwards, only when the price breaks out of it will it be able to try to increase to the resistance at $461.
Looking the other way, we see that the price is wavering with support at $317, but here it is worth expanding to the support zone from $317 to $287, then there is support at $266, and then strong support near the bottom of the channel.
When we look at the RSI indicator, we will see that there is still room for a price increase, while on the STOCH indicator, we remain above the upper limit, which, however, may result in another attempt at recovery or a temporary sideways trend.
Binance Coin can correct to support area and then start move upHello traders, I want share with you my opinion about Binance Coin. By observing the chart, we can see that the price a not long time ago rebounded from the resistance line of the triangle, and in a short time declined to the support line, thereby breaking the 300 support level, which coincided with the buyer zone. But then, the price bounced from the support line and soon rose back to the resistance level, breaking the 300 level one more time, after which BNB later exited from the triangle and tired to rise more, but failed and made correction to the support level. After correction, BNB made a strong upward impulse to 316 current support level, which coincided with the support area and in a short time later broke this level too. As well, the price started to trades in a range, where it rose to the top part and some time traded near, but not a long time ago BNB rebounded and declined to the 316 level, where the price continues to trades near to this day. In my mind, Binance Coin can fall to the support area, where it will turn around and start to move up in range. Therefore I set my target at 323 points. Please share this idea with your friends and click Boost 🚀
✴️ Binance Coin Distribution Phase ContinuesThe longer it takes, the stronger the correction will become.
Good Monday my fellow Cryptocurrency trader, how are you feeling today?
I hope this week brings you lots of profits...
We are back again looking at Binance Coin —BNBUSDT.
This pair peaked 28-Dec 2023, 46 days ago.
On 9-Feb we get a new lower high while trading volume goes down to zero.
Why do I say that this is a "distribution" rather than consolidation phase?
The fact that we have no new highs is what gives it away.
In a consolidation phase, after a month and a half wait we would see at least one challenge of resistance but here this isn't the case.
In comparison, the bullish move from 21-Nov through 28-Dec lasted 37 days.
The move from the 9-Oct low to the 21-Nov high lasted 43 days.
In those instances, we would see price action moving forward and hitting new highs, this is not what is happening in the current phase.
Another revealing signal can be found by looking at the session close rather than the wicks.
The highest close happened 27-Dec 2023.
The bearish divergence on the RSI is now more than two months old.
I think it will only take a few more days... 1-2 days maybe but not far from mid-February for everything to unravel yet it can take time for the completion of the bearish wave.
This is definitely the complacency phase.
More than 90% of all Bitcoin addresses are in profit now, when this metric becomes this high, we usually get a correction and that is also what the chart says.
The sell-off is expected based on price dynamics and market cycle but there will be a "surprise" development that will match the market sentiment which people will later use to point fingers, they will say: "The reason it dropped was because of such and such an event..." But the truth is that after a rise, we get a drop and that's just how it works.
Prepare accordingly.
And thanks a lot for your support.
You will be rewarded for your persistence, your insistence, for your patience and for your trust.
Namaste.
BNB ROAD TO $400 BIG PUMPBy the look of things as everybody anticipate bullishness there is no doubt we will likely see a little retracement before price will pump hopefully the support at $313 will hold and this will be the backbone of price crossing $330 to $350 levels
BNB: Bullish Flag BreakoutTrade setup : Price remains in an Uptrend. After consolidating in a Bullish Flag pattern, price broke out in the direction of the existing Uptrend with +10% upside potential to $350 near-term. Stop Loss (SL) at $290.
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 $300, then $260. The nearest Resistance Zone is $350.
BNBUSDT IDEAUPDATE
Bullish Flag Breakout Has Already Confirmed Retesting In Process In Case Of Successful Breakout Expecting 25% profit soon ✍️
COIN DETAILS
The live price of BNB is $ 321.68 per (BNB / USD) with a current market cap of $ 48.11B USD. 24-hour trading volume is $ 1.11B USD. BNB to USD price is updated in real-time. BNB is +1.88% in the last 24 hours with a circulating supply of 149.55M.
BNB: Potential Price Decline from Sideways RangeBNB has been in a sideways range for an extended period, currently at its upper boundary. I believe that without new highs from Bitcoin, BNB could present an excellent short opportunity. I haven't entered a position yet but will be looking for suitable entry points after significant liquidity was removed, followed by a market reaction. Given that Bitcoin and Ethereum are still showing buying strength, I recommend approaching this situation cautiously. The target price is set at $310.
BNB Bullish Scenario BNB Bullish Scenario.
Breakout of trendline.
Bullish divergence.
After Retest will be looking for Long
BNB Bull Flag BreakoutBNB has broken out from a bullish flag pattern and crossed above the $313 price level, confirming a bullish ChoCh. The measured move of the breakout point indicates a target of $413. Additionally, the 4/1 Gann angle is at the same price level, which adds more confluence to this target.
Best wishes!
BNB inteligentassetBrake out the bull flag
bullish scenario
resistances 322 pivot high& horizontal, 388 bull flag target
bearish scenario
supports 308 upper limit channel, 295 in 50 ema, 289, 273 in 800 ema
BNBUSDT - Price can turn around and start fall to support levelHi guys, this is my overview for BNBUSDT, feel free to check it and write your feedback in comments👊
When price entered to wedge, it at once made upward impulse from support line to resistance line, breaking $297 and $310 levels.
But soon, price turned around and made a correction to $297 level, after which it some time traded near this level.
Later BNB rose to resistance line, and then it in a short time declined to support line and then made upward impulse.
Price exited from wedge and soon reached $310 level, and broke this level, which coincided with support area as well.
Recently, BNB rose from this area and now it trades near, so I think Binance Coin can turn around and then start to fall to $310 level.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
BNB ANALYSIS (4H)BNB appears to have entered a diametric pattern which is now in the middle of wave C.
It is expected to move towards the specified targets to complete the C wave.
We marked the targets on the chart. We also specified the invalidation level, closing a daily candle above this 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
Chart Pattern Analysis of BNB.
There is a potential bullish head-shoulder pattern of BNB.
If the following candles break up 255usd or 1/1 Gann Fan line,
The pattern will possibly in effect.
From K0 to K4, it is a potential bullish arc bottom pattern.
K3 to K4 is a potential cup handle area.
So, I bought at 241.
HelenP. I BNB can rebound up of trend line, exiting of triangleHi folks today I'm prepared for you Binance Coin analytics. Some days ago price bounced from the support level, which coincided with the support zone, and declined to 290 points. But soon, the price backed up and broke the 300 level, after which it made a retest and then made a strong impulse up to the resistance zone. Reaching this zone, which coincided with the resistance level, BNB tried to break this level, but soon made a correction below, after which it turned around and made impulse up higher than the 315 level, breaking it. Later price turned around and made a strong impulse down to the trend line, breaking the 300 and 315 levels, but soon BNB rebounded from the trend line and rose back to the support level. Next, Binance Coin rose to the resistance zone, after which the price turned around and in a short time declined to the 300 level, where it some time traded and later bounced up, forming a triangle pattern. A not long time ago price rebounded from the resistance line to the trend line, where BNB continues to trades near now. For my mind, I expect that Binance Coin will correct to the trend line again, after which the price can rebound and start to move up to the 310 level, thereby exiting from the triangle pattern. If you like my analytics you may support me with your like/comment ❤️
🟠$BNBUSDT 4H#BNB(Binance Coin) on a 4-hour timeframe shows clear evidence of a BULLISH DIVERGENCE pattern.
#BNB has reached the price of $338 in December 2023, since the local top price has seen multiple LH (Lower High).
However, on the other side, the RSI is showing just the opposite and is forming new HL( Higher Lows) considering this and also looking at the support #BNB is getting from M.A.
It seems to me that #BNB is finally ready to break above this month-old downward price channel and break above the $313 level.
📈In Short-Term Bullish📈
But the market can flip at any time!
So DYOR (Do Your Research)
Hit 🚀 if you guys want more Crypto Pairs analysis.
#bnbusdt #crypto #marketpdates #thesoumyoroy
