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BNBUSDT trade ideas

Positioning for Potential: $BNB Set to Break Out!I think it’s time to consider taking a position in $BNB. It has been ranging for a while, and the weekly timeframe is finally showing some strength. I’m anticipating a break of the purple line within this week, or by next week at the latest. The time@mode is still to be confirmed, and the Point of Control is just a few percentage points away from current prices. The bi-weekly chart looks much more constructive compared to other timeframes, so it’s definitely something to keep an eye on. Also, be prepared to play betas on this one; Simon’s Cat is one to add in case CRYPTOCAP:BNB goes on a rampage toward $1k.
Long
by ZelfTrade
BNBUSDT may come down from the order block.BNBUSDT may come down from the order block. Bearish order block present at the price of around 584.84 and 580.71 and the Bullish order block present at the price of around 539.96 and 533.57 If the price touches the Bearish Order Block then the price will move to downsides. I have analyzed the chart using SMC (smart money concepts) which is most advanced price action strategy. My analysis shown that :- Entry price :- 580.71 Take profit :- 567.53 Stop loss :- 594.03
Short
by PraveenTrader1
2
Binance $1000Couple of months ago i made an idea where i said BNB was going into price discovery: Which it did, but then it retraced the movement and crushed all bulls. Making a nasty fake breakout. I'm trying to long again this time, because the price as recovered since then and has been strong testing the resistance made from $600. I'm very convinced we will be seeing BNB skyrocketing to 1k. Binance is the most profitable business in the whole crypto industry. Stay frosty.
Long
by lomaxrex
1
BNB - simple patterns analysisBNB is currently forming an inverse head and shoulders pattern. The initial attempt to break through the head and shoulders pattern failed , leading to a sharp decline in price. Now, we are witnessing a second attempt to break through the neckline of the inverse head and shoulders. If successful, the first target would be the previous all-time high . If not, the downward momentum may persist, pushing prices further down through the parallel channel. CRYPTOCAP:BNB
by Monstralian
BNB/USDT Trading Scenario UpdateAt the beginning of 2024, after a short-term accumulation phase, BNB showed a significant increase, reaching a local maximum of $723.5. This growth amounted to more than 140% from previous levels. Currently, the asset is in a prolonged accumulation phase, which has been ongoing since March until the present day. From a volume profile perspective, the current price zone represents significant interest for market participants. It is also important to note the shift of significant volumes and the Point of Control from the $315 level to $584. The shift of the POC to a higher level ($584) indicates that market participants are showing interest in buying at higher prices, which in turn could serve as a prerequisite for sustainable price growth in the future. A breakout of the local maximum level at $723.5, followed by consolidation above, could open up the potential for further growth of BNB. If this resistance level is successfully overcome, the asset may enter a bullish trend phase with new price targets.
by Rick_SimpleSwap
BNBUSDT.1DExamining the daily chart of BNB/USDT, the price trajectory of Binance Coin shows a dynamic response to market forces characterized by bullish and bearish phases. The recent formation depicts a rising wedge, typically a bearish pattern, suggesting potential for a downward correction if the support levels fail to hold. Currently, BNB is trading at $576.8. The chart indicates a crucial resistance at $620 (R1), and a more significant barrier at $722 (R2). On the downside, the immediate support is at $466.9 (S1), with further substantial support placed at $400.1 (S3). The resistance and support levels are clearly identified on the chart with precise figures which help in determining strategic entry and exit points in trading scenarios. The Stochastic RSI shows a value of 39.12, which lies in the neutral zone but leans towards being oversold. This could suggest a potential buying opportunity if other indicators align. Meanwhile, the MACD is below the signal line and trending negative, which can indicate bearish momentum, albeit this needs to be viewed in conjunction with other market factors and a possible slowing in negative momentum as indicated by the histogram's gradual ascent towards the zero line. Considering these factors, if BNB/USDT can maintain above the S1 level and gather upward momentum, we could anticipate a retest of R1 at $620. However, a decisive break below S1 could see BNB heading towards the more profound support at S3 around $400.1, which would align with the pattern's typical resolution following a wedge. For trading, it would be advisable to watch for a clear break in either direction with confirmed volume, and to consider external market influencers such as regulatory news or broader economic factors. Always utilize stop-loss orders to manage risks associated with sudden price movements inherent to cryptocurrency markets. This analytical approach ensures a calculated strategy, enhancing the potential for profitable trades while mitigating risks.
Long
by MarsSignals
5
BNB Struggles to Break ResiBNB Struggles to Break Resistance The price of BNB has been struggling to overcome a resistance block that has kept the altcoin subdued for the past seven months. The current resistance range is between $575 and $619, and although BNB has shown bullish signs recently, it's still uncertain whether the coin can break through this barrier. A successful breakout could push BNB to a four-month high, but traders are closely monitoring to see if the momentum will hold. BNB Holds Hope for a Rally In recent days, Open Interest (OI) in BNB has dropped by over $100 million, indicating that traders are closing their positions. Interestingly, the funding rate remains positive, suggesting that short sellers are the ones pulling back. This could be a bullish sign for BNB, as fewer short positions would mean less downward pressure on the price. A reduced number of shorts could give BNB the boost it needs to break through resistance. While the drop in OI might initially seem bearish, the positive funding rate points to market optimism. If traders continue to unwind their short positions, BNB may finally surpass the $575 resistance level and continue its upward trajectory.
Long
by space_cash
Dual Strategy for BNB/USDT: Buy or Sell OpportunitiesBuy Strategy: Entry: Look to enter a long position if the price holds above the 563 - 567 support zone, showing signs of a reversal. Target: Aim for the 581 resistance level as your first profit target. Stop Loss: Place a stop loss below the 563 level to protect against further downside. Sell Strategy: Entry: If the price fails to break above 581 and shows signs of weakness, consider entering a short position from this resistance level. Target: The first target could be the 563 - 567 zone. If price breaks below this, the next target is around the stronger support zone between 540 - 550. Stop Loss: Place a stop loss above 581 to minimize potential losses in case of a breakout. By balancing these two approaches, you can capitalize on price movement whether it goes up or down. Good luck with your trades!
by Suyouu
#BNBUSDT Showing Signs of Weakness | Is it Time to Sell #BNB? Yello, Paradisers! Are we about to witness a major #BNB breakdown or a move upward? Let's discuss the latest analysis of #BinanceCoin: 💎#BNBUSDT has been showing clear signs of weakening bullish sentiment, much like Bitcoin. Recently, we observed a failed breakout from a key resistance zone, further strengthening the bearish outlook. Now, as #BinanceCoin approaches this major resistance again, there’s a real possibility it could fail to break through once more. 💎The diminishing trading volume and the Point of Control (POC) from the VRVP indicator acting as resistance increase the chances of a further drop. If #BNB fails to break the crucial resistance zone between $610-$637, it’s highly likely we will see a retest of the Bullish Order Block (OB) at $471.6. 💎However, should #BNB fail to hold at $471.6, the next major support zone to watch is at $387. This area is rich in liquidity and could create a strong opportunity for a pullback if tested. 💎On the flip side, if the symmetrical triangle’s lower support holds up well, we could see the bulls regaining control, potentially sparking a bullish rally. Keep in mind that the overall market sentiment, along with Bitcoin’s price movements, will play a key role in determining #BNB’s next move. If you want to be consistently profitable, you need to be extremely patient and always wait for high-probability trading opportunities. MyCryptoParadise iFeel the success🌴
Short
by MyCryptoParadise_Simon
1
BNB In a Confirmed Bearish ChannelBNB In a Confirmed Bearish Channel From our previous analysis on BNB the price could reach more than 618.60 and resulted that it was a very strong zone. Today the price broke through 595 by confirming a possible bearish movement. The current breakout looks solid and the pattern also looks really good. This is rising the chances for a bigger bearish correction. This new confirmation of the movement that we already had on the cards is showing the possibility that BNB may test 545 and 500 soon. You may find more details in the chart! Thank you and Good Luck! ❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Short
by KlejdiCuni
6