BNB- Breakout tradeHi,
I will be swing trading the breakout on the BNB paid, the ATH will be triggered very soon and at that stage I will be taking some profit back of the table.
GL
BNBUSDT trade ideas
BNBUSDT 12HSymmetrical Triangle formation on 12H #BNB chart. It seems that BNB is ready for take-off. Buy a bag of it and hold. RSI and MACD are showing bullish momentum. BNB is moving above the Ichimoku cloud and MA50 on the 12H chart and pressing the triangle resistance. Targets are:
$619.80
$649.00
$690.60
$743.70
$BNB #Binance Trading IdeaBN/USDB (Binance Coin) i is currently hovering around 14% below ATH. After forming this potential ascending triangle there is a huge probability for CRYPTOCAP:BNB to start exploring a new ATH after a successful breakout.
After a successful breakout, my next targets would be $650.85 and $669.55.
Binance Coin(BNB): Breakout Is Happening!Binance Coin is looking for a breakout from the triangle formation, which is still in development. As we have reached the end pressure point of this pattern, we are starting to see some good potential for further breaking the upper highs, but we still need confirmation of that breakout, so we wait!! If it fails, we will see a re-test as per the mentioned!
Swallow Team
BNB is here to stayBNB is sitting on a major support horizontally and a rising support at the 227 area.
Rsi is well oversold. Volume oscillator suggest volume is going to pick back up again.
This could be a solid 60% gain plus!
Not financial information
Do your own darn Due Diligence!
Come to your own conclusions, we as humans were given this brain for a reason!
BNB bullish flag patternBNB showing bullish flag pattern, sold upside movement pattern. Longing here, sl 5%, use leverage cleverly. DYOR.
BNBUSDT.PHello Trader BINANCE:BNBUSDT.P
when the area is breakdow, it is valid for the rising wedge area. because bitcoin also experienced a correction this morning.
Please add a comment and Positive feedback and constructive criticism are important to authors and the community.
Disclamer: Not Financial Advice
LONG #BNBUSDT LONG #BNBUSDT from $592
4h TF. The price has been clamped inside the triangle for quite a long time, within which we can observe a false stabbing of the lower border of the figure.
I expect to see a repeated false stabbing of the ascending slope with a test of the upper boundary of the buyer's zone of interest stb with continued growth and a breakdown of the cascade of resistance levels above.
Binance BNB/USDT 1H timeframe updateLooking at the chart pattern, it seems like BNB's price is set to drop to around 560 USDT.
BNBUSDTAccording to the waves analysis we can expect that price rise again to the green zone. follow me for more ideas
BNBUSDT - Price can exit from triangle and then start to declineHi guys, this is my overview for BNBUSDT, feel free to check it and write your feedback in comments👊
Recently price entered to rising channel, where it in a short time rose to resistance level from support level.
But then it bounced from $597 level and fell to support line of channel, after which BNB made upward impulse.
After this movement, BNB broke $597 level, but then it exited from rising channel and started to decline in triangle.
Soon, price broke $597 level again and in a short time declined to support line of triangle, after which at once bounced up.
Price reached resistance level and then fell back to support line, but recently price rose to resistance line.
Now, I think that Binance Coin can exit from triangle, reach resistance level, and bounce down to $565
If this post is useful to you, you can support me with like/boost and advice in comments❤️
BNB/USDTThe price could not cross its weekly level and we expect correction to the specified area
The baseline has not accompanied the price and has been flattened (indication of correction).
Of course, it is recommended to buy step by step in different areas
Targets are based on Fibo
Is a price correction imminent?📊 Due to the decrease in the upward movement momentum of the price, if the $585 range is broken and the price stabilizes below it, the price may fall to the $575 range🎯 , and in the case of the strength of the $555 range🎯🎯.
📊 Otherwise, the price may increase to the range of $606.
Cryptolean Binancecoin BNB UpdateDaily Chart
Binancecoin is neutral in the daily chart and teasing the top of the daily range zone at $589.
An inability to break $589 to the upside will push BNB price towards $480, however the price action towards $480 will be slow and choppy.
If Binancecoin is unable to maintain price above $480, the daily support zone (marked grey) we will see BNB in the bearish zone with price declining towards $421 and, likely, lower to $302-$352.
The interaction with $302-$352 zone will be very important and could lead to a bullish rejection.
In the bullish scenario from its current price, a daily candle closure or, even better, several closures above the key resistance of $589 are required for Binancecoin to have another bullish extension: first, to $647 and, then higher, to $717-$766.
Boost once read!
Thank you.
BNBUSDTmy entry on this trade idea is taken from a point of interest below an inducement.. I extended my stoploss area to cover for the whole swing as price can target the liquidity there before going as i anticipate.. just a trade idea, not financial advise
BNB-RENTRY into long This is not financial advice but im just sharing my thoughts and i can be wrong.
4 hr TF: RSI above 50 + Recently high volume = expecting a bounce from rentry point.
Rentry : 545-550
SL: 530
TP: 630
BNB/USDT 4HInterval Chart ReviewHello everyone, let's look at the 4H BNB to USDT chart as we can see that the price is moving below the local uptrend line.
Let's start by setting goals for the near future that we can include:
T1 = $586 at which the price is struggling to maintain
T2 = $615
T3 = $636
AND
T4 = $663
Now let's move on to the stop-loss in case of further market declines:
SL1 = $563
SL2 = $527
AND
SL3 = $503
Looking at the RSI indicator, it indicates a potential change in direction, but with room to make another upward move. However, on the STOCH indicator we are moving above the upper limit, which causes the growth to slow down and a possible recovery.
BNBUSDT - This ALT flashes Strong BULLISH Signals 📈📉Hi Traders, Investors and Speculators of Charts📈
BNB / Binance coin is another altcoin with good upside potential for the next bullish cycle. I expect this to come into full force only after the BTC halving.
Looking at the clear bottom followed by a bullish flag pattern, it seems highly likely that BNBUSDT may make higher-highs for the short term.
It's impressive to see that BNB mid-range support held, this shows a sign of strength from buyers. Around this zone the price ultimately made the inverse Head and Shoulders bottom pattern:
A little closer look in the daily, we see the bullish flag pattern forming. A breakout UNDER will invalidate the pattern:
From a technical indicator perspective, we see two strong "BUY" signals flash in the weekly timeframe, confirming a bullish bias:
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CryptoCheck
BINANCE:BNBUSDT BINANCE:BNBUSDT.P CRYPTO:BNBUSD
Binance Coin can reach resistance level and then start to fallHello traders, I want share with you my opinion about Binance Coin. By observing the chart, we can see that the price some time ago started to trades in a range, where it first made a fake breakout of the 548 support level, which coincided with the buyer zone and then in a short time backed up. After this, BNB continued to move up and reached the 598 resistance level, which coincided with the top part of the range and seller zone, after which it rebounded and fell below. Then price made a strong impulse up, thereby exiting from the range and breaking the 598 resistance level. After this movement, BNB even rose higher than the seller zone, but when it reached the resistance line, the price at once turned around and started to fall. In a short time, BNB declined lower 598 level, breaking it one more time, and later fell to the support level. AS well then, the price rebounded from this level and started to move up to the resistance line. At the moment, BNB trades very close to this line and in my opinion, Binance Coin can break this line and reach the resistance level, after which BNB will turn around and fall below the resistance line. So, for this reason, I set my target at the 565 level. Please share this idea with your friends and click Boost 🚀
good position for shorthello
i don not believe in market rise. so i do not open longs.
i think it's a good level for short.
the indicator bellow shows overbought and the price tends to drop
Binance Coin BNB Technical Analysis [April 2024]BNBUSD Weekly Chart Conditions for a Bullish Scenario
In the weekly chart, BNB is lingering around the key weekly support zone at $577 (or the range of $563-$597).
It has to maintain the price action and weekly candle closures above this zone, preferably above $597 to remain in the bullish territory.
A price consolidation above $597 will push BNB towards the next weekly resistance zone around $509 and, possibly, higher to $738-$800, the new All Time High.
A weekly candle closure below $577 zone (or below the bottom of the zone at $563) in the weekly chart will not necessary make Binance Coin bearish, but will:
1. place BNB price into the wide weekly range zone where we will see slow and choppy price action; and
2. increase probability for a further decline towards $509 and, most likely, lower to $440 region, the key weekly support.
BNBUSD Daily Chart Conditions for a Bullish Scenario
In the daily chart, Binance Coin has to maintain the price action above the zone around $589 (marked grey) to become bullish to move towards the key daily resistance of $717 and higher towards $830.
Binance Coin price can decline more from its current location towards $534.
A bearish break-out of this level will push the price towards $480.
The price action with $480 will be very important as a rejection of this support will lead to a bullish move towards $589 and could complete the ABC correction started on March 16.
Once the bearsih pullback in BNB price chart is completed, I expect to see a continuation of a bullish rally.
A strong bullish break-out of $589 from its current price location is not very likely and BNB has to complete the corrective structure (triangle, flat) before moving further up.
However, the completion of this corrective structure could be very fast.
BNBUSD Daily Chart Conditions for a Bearish Scenario
Right now the sentiment in the daily chart is neutral and it will remain neutral as long as BNB is trading below $589.
A deeper pullback is likely and the price action with $480 zone will be very important.
A bearish break-out of the key support zone around $480 and the dynamic support in the form of 50-Day Moving Average will place BNB into the bearish territory and we see an impulsive move towards $421 and, lower, to the key daily support zone at $352.
As long as BNB is trading above $480, the bearsih scenario is irrelevant.
Binance Coin BNB: A Short-Term Price Action
After testing the top of the second key support zone at $539, BNB found a base in the between $552 and $561.
Yesterday, we saw a bullish reaction to this support zone, which is an expected price action.
BNB price can push back to $586, the key intraday resistance.
The price action with these resistance level will be very important.
A bearish rejection of either of these levels could send price for a re-test of the second zone between $529 and $539, and possibly even lower to $504.
In the alternative scenario, we need to see a strong bullish break-out of $586.
In this case, the price will move to $607.
BNB will become bullish in the 4-Hour chart only upon reclaiming $607 level.
BNB Long OpportunityBNB is currently positioned at its H1 key level, offering a favorable entry point. Across all timeframes, BNB's trend remains significantly bullish, indicating considerable potential for continuation of the trend.
BNBUSDT.4HAnalyzing this Binance Coin (BNB) to Tether (USDT) chart, I'll provide my perspective as a trader looking at the technical setup on a 4-hour time frame.
Firstly, I'm taking note of the overall trend that Binance Coin has experienced on this chart. The price is trending below the Ichimoku Cloud, which suggests a bearish environment for BNB in the short term. The Ichimoku Cloud is a comprehensive indicator that provides an instant view of the market sentiment, trend, and strength by comparing current price to the average price level.
The Conversion Line (blue) is below the Base Line (red) within the Ichimoku setup, which typically indicates bearish momentum. However, it seems the price might be attempting to cross back above these lines, which could signal a shift in momentum if confirmed.
Looking at the pivot point levels marked on the chart, we can see the current price is trading between the pivot point support S1 and resistance R1. A pivot point and its associated support and resistance levels are often turning points for the direction of price movement. The price currently hovering between these levels suggests a decision point for the future direction of BNB's price.
The Relative Strength Index (RSI) is at 34.12, which is close to the oversold territory (below 30). This can often indicate that the asset might be undervalued and could potentially see a reversal or at least a pullback to the upside.
The Moving Average Convergence Divergence (MACD) is showing the MACD line just below the signal line, with the histogram bars pointing downwards in negative territory. This indicates that the bearish momentum is still present, although we should watch for any crossover above the signal line as a potential early sign of bullish momentum.
To sum up, the current technical setup in BNB/USDT on this chart shows a bearish trend with potential signs of a reversal in the near term. I would keep a close eye on the Ichimoku Cloud for any price movement above the cloud which would be a bullish signal. Additionally, any crossover of the MACD line above the signal line or an RSI move above the 30 level might indicate increasing bullish momentum. As always, it's important to look for confirmation and be prepared for the possibility of false signals. Proper risk management and a well-thought-out trading strategy are crucial.
