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BNBUSDT trade ideas

BNB may return to its previous positionIf we look at the big picture, we see that a downtrend has been broken and support levels are working. A possible shoulder-head-shoulder pattern is also visible. There is a possibility to continue to rise from here, but I expect a downward movement close to the support. Therefore, I entered a buy order at 236 and will wait from now on. In my opinion, BNB will be bullish in the ETF hype movement after the beginning of the year. I would also like to remind you that Binance is bigger than CZ.
Long
by Not_the_richest_man_in_Babylon
1
BNBUSDTAnalysis of BNB daily time frame The current price of Binance Coin is 265.6 dollars. After the positive news we had for the Binance exchange, this currency was able to break the important resistance of 256 dollars. As long as it can break the upward yellow trend line, targets 1 and 2 are easily achievable. The correction and fall of the price should pay attention to the POC area (where there is the largest volume). The important supports ahead are $256 and $248. Technical analyst: Amir Hassan Salek #BNBUSDT
Long
by taghadosi
1
TRYOUT PUBLISHING MY VIEWS HERE ON BNBUSDT.P FULL NEW SECRET DAY TRADERS TIP I DISCOVERED, LIVE CHART ANALYSIS COIN NAME: BNB/USDT.P RISK: 1:3.48 TAKE PROFIT: 26.59 (3.06 from entry) STOP LOSS: 27.68 (0.8% from entry) Hi Trader, First time here! Great to be here to share a crypto analysis approach i find interesting, check it out. I'M STILL A STUDENT OF THE MARKET KEY GUIDE: DEMAND & SUPPLY, MARKET STRUCTURE, LIQUIDITY, ORDER BLOCKS, IPA/FVG/IMB THIS TIP IS NOT FINANCIAL ADVICE, BUT IF YOU FIND THE APPROACH GOOD AND WANT TO GIVE IT RIDE SINCE IT'S A LIVE SESSION RISK 1% OF YOUR CAPITAL
Short
by CRansom001
Binance Coin can rebound from support line and start to move upHello traders, I want share with you my opinion about Binance Coin. Looking at the chart, we can see how the price a few moments ago declined below the 236 support level to the buyer zone, where it at once rebounded and rose back, making a fake breakout. Next, the price started to range, in which it firstly rose to the top part, which coincided with the current support level, but soon BNB around down and started to decline. Declined to the buyer zone, the price at once rebounded and started to rise in an upward channel, where in a short time BNB rose back to 257 current support level. After this, the price broke this level and reached the resistance line of the channel, but a not long time ago, BNB rolled down and now it trades near the support line of the upward channel. In my mind, Binance Coin can bounce from the support line and start to rise to the resistance line back. For this case, I set my target at the 286 level, which coincided with this line. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
2
Binance Coin(BNB): Reached Major Resistance! BNB is currently exhibiting critical price action as it tests a major resistance zone around $260. This level has previously acted as a strong barrier; a decisive breakout above could signal further bullish momentum. However, the price has faced multiple rejections at this level, so let's see. We have two possible scenarios here: 1) Breakout with a nice re-test, which would confirm this zone to be backed by bulls, and then we will see a nice movement to further upper zones. 2) The price will fail to seize that resistance, leading it to close the daily candle below it and potentially continuing that weakness further down.
by SwallowPremium
1
BNB 2024Hello friends, today I want to write my analysis of the trend of Binance Coin here. Since the CEO of Binance CZ faced legal problems in the United States court, many people are waiting for the heavy fall of BNB, but the reality is that BNB With the support of Binance exchange, it continues to grow, and in my opinion, many people can become rich by buying and holding BNB in ​​the new year. Fundamentally, BNB is one of the main heavyweights of the crypto market, which reminds me of Ethereum 200. Throws dollars. My expectation is that it will grow up to 2700 dollars this year, although it has much more potential. Have a happy and profitable new year
Long
by vahidzamani67
1
$BNB performing bullish descending triangle in 1week ** CRYPTOCAP:BNB performing bullish descending triangle in 1week ** Trading a bullish descending triangle involves identifying a specific chart pattern and implementing a strategy based on the expected price movement. The descending triangle is a continuation pattern that usually forms in an uptrend and suggests a potential continuation of the bullish trend. Here are the steps you can follow: 1. **Identify the Bullish Descending Triangle:** - Look for a strong uptrend in the price of an asset. - Identify a descending triangle pattern, which is formed by a horizontal support line and a descending trendline connecting lower highs. 2. **Confirmation of the Pattern:** - Ensure that the price has touched the support line at least twice and the descending trendline has been established with lower highs. 3. **Entry Point:** - Consider entering a long (buy) position when the price breaks above the descending trendline. This breakout is a signal that bullish momentum may continue. 4. **Volume Confirmation:** - Confirm the breakout with an increase in trading volume. Higher volume during the breakout can indicate stronger market participation and validate the bullish move. 5. **Stop-Loss Placement:** - Place a stop-loss order below the support line. This level is crucial, as a break below it could signal a potential trend reversal. 6. **Take Profit Target:** - Set a profit target based on the height of the triangle. Measure the distance from the highest point of the triangle to the support line and project that distance upward from the breakout point. This provides a potential target for the bullish move. 7. **Risk Management:** - Manage your risk by adhering to proper risk-reward ratios. This involves ensuring that the potential profit is greater than the potential loss. 8. **Monitoring the Trade:** - Keep a close eye on the trade as it progresses. If the price moves in the anticipated direction, consider adjusting your stop-loss to lock in profits or trailing it along with the ascending support line. Remember that trading always involves risks, and it's crucial to use risk management strategies, such as setting stop-loss orders and not risking more than a small percentage of your trading capital on a single trade. Additionally, technical analysis should be complemented with other forms of analysis, such as fundamental analysis and market sentiment, for a more comprehensive view of the market.
Long
by Crypto-Adda_Official
2
BNB: Approaching ResistanceTrade setup : Trends are mixed. Following a bullish breakout from Sideways Channel, price reached our target of $260, where it got rejected in Nov and July. Swing Traders: Pullbacks near $220 support area could be an attractive swing trade entry, with upside back to $260 near-term. That $220 level was previously a resistance area, which was broken and turned into support area (concept known as polarity). Trend Traders: If price breaks above $260 resistance zone, it could revisit $300 next. 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 $220 (previous resistance), then $200. The nearest Resistance Zone is $260, then $300.
Long
by altFINS
1
BNBUSDT - After strong impulse up, price can start correctionHi guys, this is my overview for BNBUSDT, feel free to check it and write your feedback in comments👊 Some days ago price bounced from mirror line and in a short time it rose to resistance level, thereby breaking $228 level. Next, price corrected to this line and even declined below, but soon it made upward impulse higher than $255 But soon, BNB around down and fell back to support level, breaking resistance level and mirror line. After this, price entered to rising channel, where it some time traded near support level and then rose back to resistance level. Recently BNB was little corrected and after this, price made strong upward impulse higher than resistance level, exiting from channel too. I think Binance Coin, after strong impulse, can start to decline to $255 support level. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Short
by WalterMoon
2
BNB growth after launchpool announcementI invite you to discuss the BNB chart on a four-hour interval. As we can see, the price has broken our yellow downtrend line with dynamic upward movements that are associated with the newly announced Lanchpool on the Binance exchange. Due to the sudden increases after unfolding the trend based fib extension grid, we see that the price is fighting a strong resistance at $261, only when the price overcomes it will the path towards the next resistance at $279 open. Looking the other way, we have visible support at the level of $252, then there is a visible support zone from $242 to $236, while a break from the bottom may result in a drop to the support level at $220. When we turn on the EMA Cross 50 and 200 indicator, we will see confirmation of the return to the upward trend. On the RSI indicator, we have approached the upper limit, which reduces the room for growth, while on the STOCH indicator, we are moving above the upper limit, which may result in a rebound in the coming hours.
by cryptodailyuk