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BNBUSDT - Price can make one more little move up and start fallHi guys, this is my overview for BNBUSDT, feel free to check it and write your feedback in comments👊 A few time ago price started to trades in flat, where it rebounded from support area to $293 support level. But at once BNB bounced and later rose almost to $328-323 area and then declined lower $293 level to bottom part of flat. Next, price turned around and in a short time rose back to $328-323 area and some time traded in this zone. BNB made little correction, after which turned around and made strong upward impulse to $366 points. Thereby price exited from flat and breaking $328 level, and recently made a little correction to $354 I think that Binance Coin can make one more little movement up, after which price turn around and start to decline to $338 level. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Short
by WalterMoon
BNBUSDT.1DBased on the market data provided, BNB (Binance Coin) is currently priced at $358 against USDT (Tether). On a 4-hour chart, BNB has an RSI (Relative Strength Index) of 79.90, which is nearing the overbought territory (RSI > 70), suggesting that it might be due for a price correction. The MACD (Moving Average Convergence Divergence) is 9.7, signaling a bullish trend. The Bollinger Bands (BB) at 366.0 also suggest a high level of price volatility. The immediate support and resistance levels are at $339.0 and $368.0 respectively. On a daily chart, the RSI at 82.56 is in the overbought territory, suggesting a potential price correction. The MACD at 11.0 indicates a bullish trend. The BB at 368.0 suggests high price volatility. The immediate support and resistance levels are at $316.0 and $390.0 respectively. On a weekly chart, the RSI is 75.24, still in the overbought territory. The MACD at 20.07 suggests a strong bullish trend. The BB at 368.0 suggests high price volatility. The immediate support and resistance levels are at $267.0 and $390.0 respectively. In conclusion, the technical analysis suggests that BNB is currently in a bullish phase but nearing overbought conditions, which could trigger a price correction. However, the strong support levels could limit potential downside. As always, it's important to complement technical analysis with fundamental analysis and consider your risk tolerance before making investment decisions.
by MarsSignals
1
HelenP. I Binance Coin can little correct and then continue growHi folks today I'm prepared for you Binance Coin analytics. A not long time ago price reached support 1, but at once rebounded and in a short time declined to the trend line, breaking support 2, which coincided with the support zone. As well, BNB started to trades in a triangle, where it soon rebounded from the trend line and rose higher than support 2, breaking it one more time, after which BNB made correction below the trend line to this level. Next, the price started to rise and soon exited from the triangle pattern and in a short time rose to the trend line, which that moment coincided with support 2 and one more support zone. After this movement, BNB broke this level with the trend line and rose a little higher, but soon it turned around and declined back. The price made impulse up to 246 points, thereby breaking one more time support 2 and trend line. For this moment, I expect that Binace Coin will make a small correction, after which it turn around and continue to move up. Therefore I set my target at the 355 level. If you like my analytics you may support me with your like/comment ❤️
Long
by FirstNameHelen
2
BNB/Binance Technical Analysis and Trade IdeaMarket Context: BNB/Binance has enjoyed a strong bullish run, but monthly timeframe signals point towards the asset being overbought. Additionally, a move into previous highs on teh 1M and 1W charts hint at a possible pullback to the 50-61.8% Fibonacci retracement area. This zone often sees increased liquidity, which could attract long positions from institutional players. Potential Trade Strategies: Counter-Trend Short: Consider a short entry around the current price level, placing a stop-loss above the recent highs. Aim for a 1:1 risk-reward ratio on this trade. Fibonacci Buy: Look for a buying opportunity near the 61.8% Fibonacci retracement level, anticipating potential long positions from larger market participants. Place a stop-loss below the recent swing low and establish target levels as covered in the video. Disclaimer: The analysis presented reflects my interpretation of market conditions and is intended for educational purposes. It does not constitute financial advice. Before executing any trades, conduct your own comprehensive research and carefully consider your risk tolerance.
by fxtraderanthony
BNB/USDT 1D Chart ReviewI invite you to review the chart of BNB in pair with USDT. Here, however, we will start by defining, using a white line, a downward trend line, at which we can see how the price is struggling to maintain the upward trend. Then, using the blue lines, it is worth marking a strong side trend channel, in which we also fight at the upper border. Moreover, this is where you can mark cup and handle formations, the completion of which most often results in an increase in price. Moving forward, you should check the resistance points for the price. And here you can see a strong resistance zone from $354 to $401, which effectively influences the price rebound downwards, only when the price breaks out of it will it be able to try to increase to the resistance at $461. Looking the other way, we see that the price is wavering with support at $317, but here it is worth expanding to the support zone from $317 to $287, then there is support at $266, and then strong support near the bottom of the channel. When we look at the RSI indicator, we will see that there is still room for a price increase, while on the STOCH indicator, we remain above the upper limit, which, however, may result in another attempt at recovery or a temporary sideways trend.
by cryptodailyuk
$CGAC Bitcoin Mining Company with 722 Miners Increasing to 1,500Bitcoin is on the move once again and cracked past $50,000 today a pivotal mental barricade that hasn't been broken in several years since the bear market started and ended and the bull market began. Bitcoin Stocks that mine usually do the best during the crypto bull cycle and the best and lowest of them all at the moment is OTC:CGAC Currently the company is in the process of increasing their miners from 722 to 1,500 in the short term and will also be doing a CUSIP and Name Change in the coming weeks to accommodate its business direction. There is sufficient gains to be made here as it did do .05 last time around, and this time, with sufficient interest in the Crypto market we could very well see .10+ I am very bullish on this one.
OTC:CGACLong
by StockGuild
Binance Coin can correct to support area and then start move upHello traders, I want share with you my opinion about Binance Coin. By observing the chart, we can see that the price a not long time ago rebounded from the resistance line of the triangle, and in a short time declined to the support line, thereby breaking the 300 support level, which coincided with the buyer zone. But then, the price bounced from the support line and soon rose back to the resistance level, breaking the 300 level one more time, after which BNB later exited from the triangle and tired to rise more, but failed and made correction to the support level. After correction, BNB made a strong upward impulse to 316 current support level, which coincided with the support area and in a short time later broke this level too. As well, the price started to trades in a range, where it rose to the top part and some time traded near, but not a long time ago BNB rebounded and declined to the 316 level, where the price continues to trades near to this day. In my mind, Binance Coin can fall to the support area, where it will turn around and start to move up in range. Therefore I set my target at 323 points. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
3
BNB: Bullish Flag BreakoutTrade setup : Price remains in an Uptrend. After consolidating in a Bullish Flag pattern, price broke out in the direction of the existing Uptrend with +10% upside potential to $350 near-term. Stop Loss (SL) at $290. Pattern : Bullish Flag pattern. Short term small rectangle trading range between diagonal parallel lines. It moves counter to the prevailing price trend observed in a longer time frame on a price chart. It forms typically following a sharp advance and often indicates a small change in direction (or areas of consolidation) before the previous trend resumes. Flag pattern is among the most reliable continuation patterns that traders use because it generates a setup for entering an existing trend that is ready to continue. Trade is initiated on a breakout, if it is in the same direction as the prevailing trend. Also, with bullish flag patterns, traders prefer a breakout with an increase in volume but it isn’t a must. 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 $300, then $260. The nearest Resistance Zone is $350.
Long
by altFINS
1
BNB ANALYSIS (4H)BNB appears to have entered a diametric pattern which is now in the middle of wave C. It is expected to move towards the specified targets to complete the C wave. We marked the targets on the chart. We also specified the invalidation level, closing a daily candle above this level will violate the analysis. For risk management, please don't forget stop loss and capital management When we reach the first target, save some profit and then change the stop to entry Comment if you have any questions Thank you
by behdark
3
HelenP. I BNB can rebound up of trend line, exiting of triangleHi folks today I'm prepared for you Binance Coin analytics. Some days ago price bounced from the support level, which coincided with the support zone, and declined to 290 points. But soon, the price backed up and broke the 300 level, after which it made a retest and then made a strong impulse up to the resistance zone. Reaching this zone, which coincided with the resistance level, BNB tried to break this level, but soon made a correction below, after which it turned around and made impulse up higher than the 315 level, breaking it. Later price turned around and made a strong impulse down to the trend line, breaking the 300 and 315 levels, but soon BNB rebounded from the trend line and rose back to the support level. Next, Binance Coin rose to the resistance zone, after which the price turned around and in a short time declined to the 300 level, where it some time traded and later bounced up, forming a triangle pattern. A not long time ago price rebounded from the resistance line to the trend line, where BNB continues to trades near now. For my mind, I expect that Binance Coin will correct to the trend line again, after which the price can rebound and start to move up to the 310 level, thereby exiting from the triangle pattern. If you like my analytics you may support me with your like/comment ❤️
Long
by FirstNameHelen
2
BNB: Bullish FlagTrade setup : Price remains in an Uptrend. Following a bullish break above $300 key level, price reached as high as $338 but got very overbought (RSI > 80). Now it’s consolidating in a Bullish Flag pattern, which is a continuation pattern that typically resolves in a bullish breakout in the direction of the existing Uptrend. We wait for a breakout to confirm the Uptrend, with upside potential to $350 thereafter. Pattern : Bullish Flag pattern. Short term small rectangle trading range between diagonal parallel lines. It moves counter to the prevailing price trend observed in a longer time frame on a price chart. It forms typically following a sharp advance and often indicates a small change in direction (or areas of consolidation) before the previous trend resumes. Flag pattern is among the most reliable continuation patterns that traders use because it generates a setup for entering an existing trend that is ready to continue. Trade is initiated on a breakout, if it is in the same direction as the prevailing trend. Also, with bullish flag patterns, traders prefer a breakout with an increase in volume but it isn’t a must. Trend : Downtrend on Short-Term basis and Uptrend on Medium- and Long-Term basis. Momentum is Mixed as MACD Line is below MACD Signal Line (Bearish) but RSI ~ 50 (Neutral). MACD Histogram bars are rising, which suggests that momentum could be nearing another upswing. Support and Resistance : Nearest Support Zone is $300, then $260. The nearest Resistance Zone is $350.
Long
by altFINS
BNB/USDT 4H Chart ReviewI invite you to review the BNB chart on a four-hour interval. We will start by defining, using the blue lines, the downward trend channel in which the price holds, and slightly using the yellow lines, we can determine the upward trend channel in which we are approaching the lower border. Let's now move on to marking the support areas for the price and after unfolding the Fib Retracement grid, you can see strong support at the lower border of the channel at $291, but here it is worth spreading the grid again in a smaller range, thanks to which you can see the support that currently holds the price around $297, however, when the price bottoms out from the first and second support, we may see a drop to around $272. Looking the other way, we can similarly determine the resistance areas that the price must face. And here we see that the price is effectively rejected by the strong resistance zone from $308 to $321, but when it breaks above it, we will be able to see an upward movement towards the resistance level at $342. When we look at the RSI indicator, we will see that, similarly to the STOCH indicator, we are near the middle of the range, with room for a potential deepening of the correction.
by cryptodailyuk
BNB/USDT in Wyckoff "C" phaseHello, BNB create a Wyckoff pattern like a school exaple. I follow the chart and drawet the pattern weeks before. It seems, that chart will be formed according to a regular wyckoff pattern. The chart is supported to reach the spring point by the DXY chart, that seems to make a correction in his downtrend up to ~ 102,5 - 103. This theorie supports the fact as well, that the Crypto total market cap Chart has been rejected fhom the resistance level at 1.203T, and seems to fall to 1.03 or below. The BNB formed in the few days a bearish flag, and the RSI and MACD shows too, that we have place for a downtrend.
by Thomasson1212
Binance Coin can exit from wedge and decline to support levelHello traders, I want share with you my opinion about Binance Coin. Observing the chart, we can see that the price not long time ago made an upward impulse from 305 to 321 points, thereby breaking the resistance level, which coincided with the seller zone. After this price entered to downward wedge, where it rebounded from the resistance line and in a short time declined lower than the 312 level, breaking it again. Next, the price made a retest and declined until to support level, which coincided with the buyer zone, and soon BNB broke this level too and declined to support line of the wedge. Then the price turned around and made a strong upward impulse to the seller zone, breaking the 296 level one more time. After this movement, BNB rebounded from the seller zone and made correction to the buyer zone, after which the price bounced and tried to rise, but failed and declined to support line. Recently Binance Coin rebounded from this line and started to move up, so I think the price can make a small movement up, after which it will turn around and continue to decline to the support level, thereby exiting from the downward wedge. For this case, I set my target at the 296 level. Please share this idea with your friends and click Boost 🚀
Short
by LegionQ8
1
BNB/USDT WEEKLY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this BNB/USDT update from Crypto Sanders. Chart Analysis:- Hello friends, what do you think after seeing the chart? Please comment on the BNB WEEKLY update. BNB struggled to hold its own, which is why it closed the week without any significant changes in its price compared to the previous week. Buyers managed to keep it above $300 at the time of this post, which is a positive sign. If the overall market sentiment improves in the coming days, BNB may also follow suit. Looking ahead, this cryptocurrency has been found in a flat trend since the beginning of the year, and a major breakout is needed to take the price to the $360 resistance. I have tried to bring the best possible results in this chart. If you like it, hit the like button and share your charts in the comments section. Thank you.
Long
by CryptoSanders9563
1
BNB/USDT 1HInterval Chart ReviewI invite you to review the BNB chart, on a one-hour interval. However, here we will start by marking with blue lines a strong downward trend channel in which we have been moving for a long time, currently in the upper part. Moreover, we can mark here the zones that can be seen to have an effective impact on the price, there is a clear support zone, as well as a resistance zone for the price in the long term at the top. However, locally, using the yellow line, we will determine a local upward trend where the price is struggling to stay. Let's now move on to marking the support areas for the price and after unfolding the Fib Retracement grid, we can see that first of all we have support around $303, which currently holds the price, but if we go lower, it is worth marking an important support zone from $293 to $287. Looking the other way, we can similarly determine the resistance areas that the price must face. And here we see that currently the zone from $309 to $314 has effectively stopped the growth, but if it is overcome, we can see an upward movement towards the strong support level of $321.7. Looking at the RSI indicator, you can see a return to the middle of the range, which quickly results in a downward reflection, because on the STOCH indicator, a strong upward impulse resulted in a reversal in a similar place to the last one, and what's more, we can mark the trend line at which the indicator turned around.
by cryptodailyuk