BNB Near ATH: New Highs on the Horizon?CRYPTOCAP:BNB is currently trading above a key support zone and the rising trendline.
It is just below its all-time high (ATH) levels, and we are anticipating the possibility of a new ATH from the current levels. Keep a close watch for further bullish momentum.
DYOR, NFA
BNBUSDT trade ideas
BNB/USDT weekly analysis.The chart shows two rounded bottoms, which resemble an inverted head and shoulders pattern.
This pattern is typically a bullish reversal indicator, suggesting upward price movement.
The horizontal line marks a long-standing resistance level.
A breakout above this resistance would indicate strong bullish momentum, as seen in the recent price rise.
The projected move (indicated by the upward arrow) suggests a target price near $1,100.
This aligns with the measured move of approximately 75.54% calculated from the pattern’s neckline to its lowest point.
BNB is trading at $710.74 with a positive momentum of +2.51% for the current period.
This setup indicates strong bullish sentiment in the market. However, traders should consider a possible retest of the breakout zone (around $600) and manage risk with a stop-loss below the neckline to avoid an unexpected reversal.
Let me know if you’d like further assistance or adjustments!
DYOR. NFA
BNB | ALTCOINS | BNB Still BULLISH - Here's WHYIt can be concerning to see the price lose 5%-10% in the daily timeframe. However, this is not uncommon during a bullish cycle.
In this quick update, I explain why the price is still very evidently in a bullish cycel, despite corrections in the daily.
BTC and ETH update, find it here:
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BINANCE:BNBUSDT
BNB/USDT Technical Analysis and TargetsBNB Long-Term Targets: $1500 and $2800
BNB/USDT is currently at a crucial technical juncture, with the price action reflecting significant volatility in the broader cryptocurrency market. As one of the leading assets within the Binance ecosystem, Binance Coin (BNB) plays a central role not only in trading pairs but also in the decentralized finance (DeFi) landscape and Binance Smart Chain (BSC) ecosystem.
In the short term, BNB faces resistance near key psychological levels, with support coming from recent consolidation zones. Market sentiment remains mixed, with bulls eyeing a continuation of the uptrend as the overall market sentiment begins to recover, while bears are watching for any signs of a pullback to lower levels.
On the fundamental side, Binance’s ongoing product innovations and regulatory challenges add an interesting layer of risk and opportunity. Watch for price reactions around key support and resistance areas, as they could provide critical clues to the next direction of BNB/USDT.
BnB is on the wayBnb usdt Daily analysis
Time frame 4hours
Target 900$
Close Target is upperside of the band
We hear a lot of news about major crypto companies collaborating, as well as corporate acquisitions and filling the coffers with valuable cryptocurrencies.
But there is no volume in the market.
We are not seeing the growth that we expect to hear after all this good news.😒
What is the reason?
The answer is one word.
👉Strategic patience. 👈
Wait, this is the beginning. The rockets are refueling for a long, long launch.🚀🚀🚀
Can BNB reach around $1000 ?...Currently, BNB is forming an ascending triangle, indicating a potential price increase. It is anticipated that the price could rise, aligning with the projected price movement (AB=CD).
However, it is crucial to wait for the triangle to break before taking any action.
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⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
BNB/USDT: Key Fibonacci and Volume Profile Reversal ZonesBINANCE:BNBUSDT BNB/USDT: Key Fibonacci and Volume Profile Reversal Zones
Analysis:
The chart provided is a 4-hour timeframe of Binance Coin (BNB) against Tether (USDT) on the Binance exchange. The chart includes several technical indicators and annotations that are crucial for formulating a trading strategy.
Price Action and SMC Analysis:
The chart shows multiple Change of Character (CHoCH) and Break of Structure (BOS) points, indicating shifts in market sentiment and potential reversal zones.
The recent CHoCH at the right side of the chart suggests a bearish sentiment.
Fibonacci Retracement Levels:
Key Fibonacci levels are marked, with 0.786 (730.18802), 0.705 (728.41885), 0.618 (718.33226), and 0.382 (701.67774) being significant.
The price is currently near the 0.382 level, which could act as support.
Volume Profile:
The volume profile on the right shows significant trading activity around 713.25 and 731.24, indicating strong resistance levels.
The lower volume nodes around 687.11 and 674.72 suggest potential support zones.
RSI and MACD Indicators:
The RSI is currently around 39.67, indicating that the asset is approaching oversold conditions.
The MACD histogram shows red bars, suggesting bearish momentum, but the green bars indicate potential bullish divergence.
Buy Strategy:
Entry: 687.11 (near the support level and lower volume node)
Take Profit 1 (TP1): 713.25 (+261.4 pips)
Take Profit 2 (TP2): 731.24 (+441.3 pips)
Stop Loss (SL): 674.72 (-124.9 pips)
This detailed analysis uses various trading strategies, including Price Action, Smart Money Concepts (SMC), and ICT Elliott Wave Theory. The indicators displayed on the chart, such as Fibonacci retracement levels, volume profile, RSI, and MACD, support the analysis and identify key levels for entry, take profit, and stop loss
Binance Coin (BNB): Possible Re-Test of 200EMA and Break of HighBinance coin has been showing a good bounce from 200EMA on a 4-hour timeframe, where now we are trading slightly above 100EMA in-between that and a smaller resistance zone.
We expect to see yet another re-test to 200EMA and a possible liquidity grab there as well before seeing another upward movement (maybe similar to the last one).
Swallow Team
BNB USDTCRYPTOCAP:BNB USDT
#BNB is currently retracing after rejecting the FIBO Twice Area on the daily timeframe 📉
With Bitcoin's ongoing correction, BNB may dip further into the Zone Buy Here around $607.16 or potentially lower to $572.85 🎯
This correction could provide a strong buying opportunity before the next upward move. Stay alert!
BNB → Big Accumulation. In Step With The DistributionBINANCE:BNBUSDT is trying to move into the realization phase after quite a long accumulation, thanks to which the coin can give a very good growth.
The coin tested the strong support of 645 within the correction. False break of the support and quite aggressive buyout of the fall indicates buying potential. Bitcoin, which is testing the highs and ready to go even higher is a good driver for BNB
Accordingly, the focus is on near-term levels. If the price can break the near-term resistance and consolidate above, the market will further go to break ATH and try to renew it.
Resistance levels: 761, 793
Support levels: 691, 645
I don't exclude that the unexpected correction of bitcoin can provoke a correction in the cryptocurrency market, but in general the structure is bullish. High probability of resistance breakdown with the purpose of continuation of movement
Lingrid | BNBUSDT Market Readies for a Potential SurgeThe price perfectly fulfilled my last idea. It hit the target. BINANCE:BNBUSDT market is currently consolidating above the key level at 700, indicating a potential accumulation phase. Given that the price has been forming higher highs and higher lows, there is a bullish sentiment developing. The recent break and close above the previous weekly highs further supports this bullish outlook. Considering the recent price drop of 20% and the fact that it has spent over 20 days moving sideways, there is a strong possibility that the market could experience a significant surge in the near future. The consolidation period often sets the stage for a breakout, and if the upward momentum continues, we may see a substantial bullish move. My goal is resistance zone around 770.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
BNB/USD - H1 - Triangle BreakoutThe BNB/USDT pair on the M30 timeframe presents a Potential Buying Opportunity due to a recent breakout from a Triangle Pattern. This suggests a shift in momentum towards the upside and a higher likelihood of further advances in the coming hours. BINANCE:BNBUSDT
Possible Long Trade:
Entry: Consider Entering A Long Position Above The Broken Trendline Of The Triangle.
Target Levels:
1st Resistance – 730
2nd Resistance – 744
Your likes and comments are incredibly motivating and will encourage me to share more analysis with you.
Best Regards, KABHI FOREX TRADING
Thank you.
Long in BNBUSDTHello Fellow Traders,
Over the past two days, we’ve observed strong bullish momentum across most cryptocurrencies, with the exception of Binance Coin (BNB). However, BNB appears to be gearing up for a potential bullish breakout this week.
My current outlook for BNB includes:
Target Price (TP): Above 730 (TP2 - 765)
Stop Loss (SL): 694–697
What do you think? Do you have any suggestions or insights to share? Let’s discuss your ideas!
$BNB/USDT is trading within an ascending triangle pattern, showi$BNB/USDT is trading within an ascending triangle pattern, showing strong bullish potential as it approaches the resistance zone near 720 - 750 USDT.
The price is holding well above the key support/demand zone around 590 - 620 USDT, which has consistently provided a solid base for the uptrend.
The Stochastic RSI is rebounding from oversold levels, indicating a potential shift in momentum toward the upside.
DYOR, NFA
BNB's situationBINANCE:BNBUSDT
It reached its own resistance zone again, which is also very prestigious.
The probability of breaking this resistance area is very high.
Above this resistance area we will enter long bnb✅
⚠️ Disclaimer:
This is not financial advice. Always manage your risks and trade responsibly.
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Bullish divergence on BNB- Bullish divergence between the trend and the RSI.
- Very good long opportunity right now.
- Good ratio.
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Goal : 2 000 000$ from 2 000$
Wallet last update : 4100$
Wallet today : 4800$
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BNB - USDT UPDATE on 4th January 2025...Slowly slowly.... If you are in the trade already than congrats ! If not yet... Be careful & don't rush... Sometimes is a much better to look for something else instead of taking "halfway "trade already...
Don't rush... You still got all year to trade! ;)
PS: printer friendly "KISS" chart... & BTW...leverage *10 on Binance recommended... ;)