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BNBUSDT trade ideas

BNB: Resistance BreakoutTrade setup : Following a bullish break above 200-day moving average and $260 resistance zone, price resumed its uptrend and broke through out target of $300 resistance as well. Next resistance is at $350, however, price is now very overbought (RSI > 80). Hence, near-term, we’re likely to see it pause here on some profit taking. We wait for a pullback. Trend : Uptrend across all time horizons (Short- Medium- and Long-Term). Momentum is Bullish but extremely overbought. ( MACD Line is above MACD Signal Line). RSI is bullish (> 55) but extremely overbought (> 80) which could imply that price could briefly pause or pull back if it reaches Resistance. Support and Resistance : Nearest Support Zone is $260 (previous resistance), then $220. The nearest Resistance Zone is $300, which it broke, then $350.
Long
by altFINS
BNB ->Get Ready For Another Bullish MoveBNB ->Get Ready For Another Bullish Move From our previous analysis, BNB increased by nearly +15% and reached the first target again. We can see the price doing some ups and downs but the big trade will be up again. So just focus on new buy opportunities. This provides another opportunity for buyers to join this long trade again. An immediate support area will be found near $208 - $235 and this could be an area of high interest to buyers. Thanks and good luck! Previous Analysis shared 28-November-2023 www.tradingview.com Previous Analysis shared 25-October-2023
Long
by KlejdiCuni
BNBUSDT.1DBased on the given data, the BNB currency is currently trading at $311.0 against USDT. The RSI (Relative Strength Index) on the 4-hour, 1-day, and 7-day charts are 81.26, 81.26, and 69.76 respectively. These values indicate that the currency is currently overbought, suggesting a potential price pullback or slowdown in the near future. The MACD (Moving Average Convergence Divergence) on the 4-hour, 1-day, and 7-day charts are 10.09, 12.06, and 6.0 respectively. These positive values indicate a bullish trend. The Bollinger Bands (BB) on the 4-hour, 1-day, and 7-day charts are all at 314.0, which is above the current price. This could mean that the market is in a downtrend from the upper band and could potentially bounce back from the lower band. In terms of support and resistance levels, the current price is above the first support level on all three charts and below the first resistance level, suggesting that the price is currently in a relatively stable range. In conclusion, the market data indicates a bullish trend for BNB, but the high RSI values suggest potential overbuying in the market. If you are a risk-averse investor, it might be a good idea to wait for a potential price pullback before entering the market. On the other hand, if you are risk-tolerant, you might see this as a buying opportunity given the positive MACD and the current price position between the support and resistance levels. However, please do your own research or consult with a financial advisor before making any investment decisions.
by MarsSignals
BNB IS VERY BULLISH (1W)Previously, for BNB, we considered a diametric, but the conditions of the waves are such that it seems that we are inside a triangle. It seems that we are now in the final wave of this triangle, the E wave. Based on the signals we have on the chart, we think $207 is the absolute bottom for BNB! By maintaining the key level, which is $207, it can move towards the targets. Our stop is the close of two weekly candles below $207. Further confirmation is when RSI resistance is broken above
Long
by behdark
4
BNB/USDT 1DInterval ChartHello everyone, I invite you to review the BNB chart. As we can see, after the announcement of the new lanchpad, the price with dynamic movements overcame a strong downward trend line. Also, when we turn on EMA Cross 50 and 200, we will see that the indicator confirms the return to a strong upward trend, now we need to watch whether we will maintain this trend. After such a dynamic increase, it is worth spreading the Fib Retracement mesh to check the current resistance. And here you can see that the price is approaching a strong resistance zone from $320 to $352. However, when the price starts to reverse, we can similarly determine support, and we can see the first significant support at the level of $271, and then we can see the price return to the strong support zone from $225 to $201. The RSI indicator shows that we have exceeded the upper limit, which may result in a price recovery, and the situation on the STOCH indicator is similar, which may also result in a recovery. However, the CHOP index shows that this movement is running out of energy.
by cryptodailyuk
HelenP. I After impulse up, Binance Coin can start to declineHi folks today I'm prepared for you Biance Coin analytics. Some days ago price rebounded from the support zone, which coincided with support 2, and soon made an upward impulse. After this, BNB started to trades in a big consolidation, where a few moments later, the price reached support 1, which coincided with the top part of flat. But then, BNB rebounded and declined until to trend line, which is located in the support zone. Later price tired to rise, but failed and declined back to zone, breaking the trend line. A few time ago BNB rose from support zone support 1, and in a short time price broke this level, exiting from consolidation. After this, BNB made a correction to support 1 and soon rebounded and made a strong impulse, breaking the trend line. At the moment, I expect that Binance Coin, after a strong impulse up, will start to decline to the trend line, . That's why I set my target at the 291 level. If you like my analytics you may support me with your like/comment ❤️
Short
by FirstNameHelen
3
$BNB Rallies 10% As Binance Launchpool Welcomes Sleepless AIBinance’s native token, Binance Coin ( CRYPTOCAP:BNB ), gained nearly 11% on Tuesday after the crypto trading platform announced its 42nd project on Launchpool — Sleepless AI ( NYSE:AI ). Now, Binance traders have the opportunity to farm AI tokens by staking CRYPTOCAP:BNB , FDUSD, and TUSD for seven days starting from December 28, 2023. Sleepless AI stands out as an innovative gaming platform as it meticulously combines artificial intelligence ( NYSE:AI ) and blockchain technology. Moreover, the network mainly seeks to transform the gaming industry through a distinctive approach and the considerable expertise of its team. Therefore, considering the rise of AI, getting your hands on Sleepless AI rewards could be beneficial. The listing of AI tokens on Binance is scheduled for January 04, 2024, at 10:00 a.m. UTC. Thereafter, it will feature trading pairs such as AI/BTC, AI/USDT, AI/BNB, AI/FDUSD, AI/TUSD, and AI/TRY. Moreover, the Sleepless AI token will be equipped with a Seed Tag, adding an exclusive touch to its trading status. Sleepless AI has a total supply of 1 billion AI tokens. Out of this, the Binance Launchpool token rewards amount to 70 million AI, which is 7% of the total supply. Moreover, the recent announcement disclosed that the AI token will have an initial circulating supply of 13 million AI, which is 13% of the total token supply. According to the Sleepless AI whitepaper, AI tokens could be used to purchase in-game tokens as well. Furthermore, in-game purchases would be discounted for those who hold AI. Also, gamers would be able to purchase upgrades using AI tokens. CRYPTOCAP:BNB Price Surge After the latest announcement was made, Binance Coin ( CRYPTOCAP:BNB ) ascended significantly. As of writing, the CRYPTOCAP:BNB price was up by 10% as it traded at $294.75. The market capitalization of CRYPTOCAP:BNB was recorded at $43.8 billion, gaining 9.43%. Additionally, the 24-hour trade volume soared by 71.06% to $1.3 billion. Also, it is worth noting that the CRYPTOCAP:BNB crypto registered a new 1-month high of $288.79 on Tuesday.
Long
by DEXWireNews
✴️ $2 Final Target | The Last Binance Coin AnalysisThe triangle we see drawn on the chart can be considered a long-term distribution phase. ➖ BNBUSDT is trading below MA200 coupled with very bad news. The effect on this market can be devastating. 👉 It is impossible to say exactly if the final target will be $11, $6, $2 or $0.10, it is very hard to predict an exact target but, the chart is pointing lower. This is not financial advice. Do your own research and planning. Trading is risky. Namaste.
Short
by AlanSantana
88
Is BNB a Fallen Angel and Worth Going Long? While Binance Coin (BNB) has experienced some recent volatility and price declines, it remains a promising and bullish cryptocurrency investment option. BNB's underlying strengths, coupled with the thriving growth of the Binance ecosystem, make it a compelling long-term prospect. Firstly, BNB serves as the native cryptocurrency of the Binance ecosystem, the world's largest cryptocurrency exchange by trading volume. This intrinsic connection to a robust and widely-used platform provides BNB with inherent utility and demand. As Binance continues to expand its services and attract new users, the demand for BNB is likely to grow, driving its price upwards. Secondly, BNB is a deflationary asset, meaning its supply is gradually reduced over time. This process, called "burning," occurs when Binance takes a portion of its transaction fees and permanently removes them from circulation. This mechanism serves to increase scarcity and enhance the value of BNB. Furthermore, BNB is increasingly being adopted for various use cases beyond its role as a payment token on the Binance exchange. It is being used as collateral for decentralized finance (DeFi) applications, traded on decentralized exchanges, and integrated into various businesses and projects. This expansion of use cases further diversifies BNB's value proposition and strengthens its long-term potential. In conclusion, while Binance Coin has experienced some short-term challenges, its underlying strengths and the growth of the Binance ecosystem make it a bullish investment option. BNB's utility, scarcity, expanding use cases, and strong network effects position it well for continued growth and appreciation over the long term. Investors who are looking for exposure to the cryptocurrency market and believe in the potential of the Binance ecosystem should consider BNB as a potential addition to their portfolios. Please note that these are my personal opinions and they could be wrong
Long
by SabahEquityResearch
2