BNBUSDT: Bearish Trend Still Controls the Crypto Market!Price Action Analysis
BNBUSDT has broken out of the double-top pattern. The price is moving below the EMA200 line, confirming a bearish trend. Additionally, an Ascending Broadening Wedge has materialized within this ongoing downtrend. The breakout of the lower trendline further suggests the potential for a downward movement toward the designated target area.
The momentum indicator
The MACD has formed a golden cross before the breakout, signifying a potential downward movement on BNBUSDT.
The roadmap will be invalid after reaching the target/resistance area.
Support the channel by smashing the rocket button and sharing your opinions in the comment below!
"Disclaimer: The outlook is only for educational purposes, not a recommendation to put a long or short position on the
BINANCE:BNBUSDT "
BNBUSDTPERP
BNBUSDT - Double Bottom Pattern!!BNBUSDT (4h Chart) Technical analysis
BNBUSDT (4h Chart) Currently trading at $316
Buy level: Above $316
Stop loss: Below $304
TP1: $321
TP2: $329
TP3: $338
TP4: $350
Max Leverage 3x
Always keep Stop loss
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BNBUSDT.P Trade No. 82Hello Traders, Here's my analysis on BNBUSDT.P long trade. Entry Target and Stop Loss is given in chart and here's he summary of trade.
Broke the downtrend structure 1H Tf and now retracing at golden pocket of FIB.R. Currently I am expecting a minor uptrend before going towards our long entry. Don't forget to leave your opinion in comment section and like the idea.
Binance coin (BNB) formed a BAT for the next price reversalHi friends, hope you are well and welcome to the new trade setup of Binance coin (BNB) with US Dollar pair.
Previously we caught a nice trade of BNB as below:
Now on a 4-hr time frame, BNB has formed a bullish BAT for the next price reversal.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
Bnb Hold The Support Or Die Bnbusdt
"If there is a breakdown , I am anticipating a significant drop in value. It is crucial for BNB to maintain the support level that I have indicated on the chart. A breakdown of this support level could lead to a further drop in value, potentially down to the range of 310-260."
BNB Weekly Close - Only a personal opinion Only a personal opinion
Weekly close for BNB is still not a bullish indicator.
Area 320 appeals to me since there has been a lot of rejection there.
examine something else. when he gets back to area 320
If there is a pending, there is still a chance for additional drop, with the 290–282 area being supported by the atr indicator.
BNB Snipper Entry#BNB bounced back Excatly from my Daily Trend line. According to this it has done with retracement. We can try a Snipper entry with Stoploss just 1.38%.
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Crypto technical analysis uses past price history to predict future price. It's not a guarantee and shouldn't be relied on solely for investment decisions. Consider other factors such as market trends, economic strength and information dissemination. Use with caution.
Bnb | Needs More Buyers Bnbusdt
Support can be retested once again, if the interest of buyers is seen on support, BnB will definitely fly.
But for now be careful and show patient.
I am expecting a correction to 290-270$.
Remember: We only give Idea's from our experience and knowledge, it does not mean that it will be 100% correct, the market is always unpredictable, anything can happen anytime.
Always trade with your own research and knowledge.If You Are Satisfied With Our Work Then Join.
BINANCE imagine being bearish in BNB 😂Imagine being bearish in BNB lmao. Think of it anon, if BNB crashes crypto would be sent back to stone age. I've been a user on Binance platform for 7 years and I know enough to know this is all driven FUD by USA after FTX collapsed.
With that being said, knowing BNB is not going away after being put on the spotlight and gaslighted by american exchanges, powell, and the FED. Knowing its not going anywhere, Binance is going to be one big monster in the crypto industry which is what the FED did not want.
Once the fire settles, BNB will go to all time highs.
In a hypothetical scenario where Binance, one of the world's largest cryptocurrency exchanges, were to collapse, it could have significant effects on the cryptocurrency space. Here are three possible effects:
Decreased Liquidity and Volatility: Binance is one of the most liquid cryptocurrency exchanges in the market, meaning that it facilitates a significant amount of trading volume. Its collapse could lead to a decrease in liquidity and increased volatility, as traders may struggle to find buyers and sellers for their cryptocurrencies. This could lead to significant price swings, making it difficult for traders to manage their positions.
Loss of Investor Confidence: Binance is known for its security and reliability, and its collapse could lead to a loss of confidence in the cryptocurrency market as a whole. Investors and traders may question the security and reliability of other cryptocurrency exchanges and the underlying technology itself. This could lead to a decline in investment and a decrease in adoption of cryptocurrencies.
Regulatory Scrutiny: The collapse of Binance could lead to increased regulatory scrutiny of the cryptocurrency market. Governments and regulatory bodies may see the failure of a large exchange like Binance as evidence that the market is not mature enough to be trusted. This could lead to increased regulation, which could be detrimental to the growth and adoption of cryptocurrencies. Additionally, regulatory uncertainty could cause other cryptocurrency exchanges to be more cautious in their operations, potentially leading to decreased innovation and investment in the space.
#BNB Price can bounce up from the area!!
#BNB DAILY TIME FRAME UPDATE
BNB made these two bullish patterns one is descending channel and another ascending triangle pattern.
BASIC INFO
What Is an Ascending Triangle? An ascending triangle is a chart pattern used in technical analysis. It is created by price moves that allow for a horizontal line to be drawn along the swing highs and a rising trendline to be drawn along the swing lows. The two lines form a triangle.
What Is a Descending Channel? A descending channel is drawn by connecting the lower highs and lower lows of a security's price with parallel trendlines to show a downward trend. Officially, the space between the trendlines is the descending channel, which falls under the broad category of trend channels.
According to the descending channel pattern, we may retest the 300$ level and then we can expect some good bounce and according to the ascending triangle pattern we will bounce from there only up to $500 level.
Stay tuned I will keep updating
This chart is likely to help you make better trade decisions if it does consider upvoting it.
I would also love to know your charts and views in the comment section.
Thank you
BNBUSDT - Expecting Massive Breakout!!BNBUSDT (1W Chart) Technical analysis
BNBUSDT (1W Chart) Currently trading at $315
Buy level: Above $320
Stop loss: Below $250
TP1: $390
TP2: $460
TP3: $520
TP4: $690
Max Leverage 1x/Spot market
Always keep Stop loss
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