My opinion in the 4-hour time frameI think we should wait for the drop to the bottom of the channel from a little higher. To use this chart, go to the 15 M timeframe.
BNBUSD.P trade ideas
Increased riskIt reached the first goal and gave 40% profit. I think this level will break and move to a higher level.
BINANCE BNB About To Fall Off The TableBNB has formed this giant descending triangle which is a very bearish setup. BNB went up 700x from its lows to $700. That type of move requires a much larger correction consolidation. BNB will fall like DOGE did after its massive run up before its next move up. BNB may not participate in this bull market and have to wait till next bullmarket if it survives.
When something goes from 90 cents to $700 in such a short period of time that sort of move is not sustainable. BNB is extremely overvalued. Its not a representation of the value of Binance but rather just a token that its only use is to trade on Binance and the coins on Binance Smart chain, which arent that special. BNB is way overvalued in my opinion. A massive correction is on the way. Some type of news will come out to make this happen probably after a fake out breakout of this triangle in a couple weeks to a month. Also theres still 50 million coins left not in circulation. Thats 25% of the total supply.
The RSI has hit the bullsh control zone and failed to break it. Last time this happened and BNB got rejected at the Bullish control zone was back in November 2021 when it dropped so fast and hard your head spun. The STOCH RSI is also pointed straight down on the weekly.
Not financial advice just my opinion.
This was the DOGE chart I made back in December of 2021 when everyone called me crazy. The move played out exactly as I predicted. You should go read some of those comments, they are humorous to say the least.
BNB Breakout alert 🧲💯‼️🎯😁 25% move incoming?Not financial advice.
Notice this big inverse head and shoulders.
Need daily closes to stay above 254.00
That we have now broken out of at 254.00 .
Target upon completion is 318.00
Equal measure move to neckline is 25%>
Stop loss 223.00
Always do your own research
And always Practice patience
Wait for the setup before entries as we see here.
#PIK
Patience Is Key
#TLAW
Think Like A Whale
BNB Price Looks Out For A Rally to $350!Current Momentum: BNB demonstrates a bullish recovery, trading at $320.5 with a 1.42% intraday increase, aiming to surpass the recent peak of $323.
Key Developments: BNB successfully retested the $300 level, now targeting $350. The price has risen by 56% in the last 90 days, backed by significant trading volume spikes.
Technical Patterns: Exhibiting a short-term rounding reversal, BNB reclaimed the 78.60% Fibonacci level.
Market Position: The bullish momentum amidst a broader market retreat underlines Binance's strong position, suggesting a promising start to 2024.
Technical Indicators:
MACD Bands: A potential negative crossover is being offset by the ongoing recovery, indicating higher levels could be reached.
EMA: Both the 20-day and 50-day EMAs signal a robust upward trend.
Price Outlook: If BNB successfully breaks past $323, a push towards $350 seems feasible. The overall market recovery lends further support to this uptrend.
Long-term Perspective: In 2024, BNB could potentially reach or even exceed $400, riding on its current momentum.
Downside Risk: A trend reversal might lead BNB to retest the $280 support level.
Crypto markets are definitely bullishHello there,
I hope you're having a great start to the new year. I wish you all the best in your trading ventures and a happy new year with your loved ones.
I'm a fan of the Elliott wave principle, which I find interesting and useful for market analysis. I've developed my analytical approach by combining this principle with my personal experience and considering various scenarios that are likely to occur in the market.
Although I'm going to share my analysis with you, please note that I won't be providing a buy or sell signal. My goal is to share my unbiased analysis so that you can use it as a guide to make an informed decision.
To give you confidence in my analysis, I'll always share my previous analysis from the same market so that you can compare. All the details of my analysis are clearly labeled, making it easy for you to understand.
I hope my analysis will be useful to you in your business journey, and I wish you the best.
I'm waiting to hear from you. Finally, I'd like to remind you that like-mindedness and support, comments, and likes are the most important pillars of progress, like support points in the financial markets. They give me the energy to continue and share more ideas with you.
Sincerely,
BNBUSD (4H) - Bearish reversalHi Traders
BNBUSD (4H Timeframe)
Waiting for the downward break of 307.30 support level which will complete a bearish trend reversal pattern to go SHORT. Only the upward break of 326.00 would cancel the bearish scenario.
Trade details
Entry: 307.30
Stop loss: 326.00
Take profit 1: 295.75
Take profit 2: 277.05
Score: 4
Strategy: Bearish reversal
BNB - 2:1 R2R SetupSimple setup to short sell and target the 61.8 Retracement from the daily timeframe bullish impulse.
📉⚠️🔻 BNB Alert: Eyeing -30% Drop 🚨💥🌪️📉 Gather around, brave short sellers, for a tale of market turmoil and thrilling opportunity in the realm of cryptocurrencies! 🌐✨ In the shadowy depths of the crypto world, a storm is brewing, a tempest named "BNB" (BNBUSDT). 🌩️📊 According to the ancient scrolls of the three-weekly charts, this once mighty digital titan has encountered a formidable resistance point, a dark omen foretelling a spine-chilling 30% descent into the abyss of market value. 💸🔻
Imagine, if you will, the crypto landscape as a vast, tumultuous sea. 🌊 BNB, a majestic ship, once glided smoothly upon these waters. But now, it faces the wrath of an unseen, monstrous wave, ready to engulf it in its terrifying embrace. 🚢🌊
But fear not, for in every story of doom, there lies a hidden path to glory! 🌟🔥 As the market quivers in anticipation, a door creaks open, revealing a path lined with golden opportunities for the daring short sellers. 💰🚪 Now is your moment to don the cloak of courage and wield the sword of insight. 🛡️🗡️
👁️🗨️ Keep your eyes peeled on the ever-shifting tides of the market. Be the eagle that soars above the storm, watching and waiting for the perfect moment to strike. 🦅⏳ When BNB begins its fateful plunge, leap into the fray with your short positions, and ride the wave of its descent to a treasure trove of profits. 💹🔥
In this chaotic dance of numbers and charts, remember: the greatest victories are often hidden within the folds of fear and uncertainty. 🎭🏆 Embrace the chaos, harness the power of the storm, and transform the fearsome winds of change into the winds of fortune. 🌪️💫
So, brave adventurers of the financial seas, set your sails for the tumultuous waters of the crypto market. In the heart of this maelstrom lies your chance to emerge not just as survivors but as victors, legends of the trading world! 🚀🌌🏅
Technical Analysis Of BNBUSDTaking a look at this market we are coming from a bullish impulsive move followed by a larger correction which is outlined by the trendlines. Our correction acts as a continuation pattern meaning the previous move we were coming from is more likely to be repeated so overtime we can anticipate a bullish move on BNBUSD. Taking a look at the current market within the larger correction we can anticipate BNBUSD to form a double top in the last correction therefore we can go short.
BNB Rallies As Binance Announces NFPrompt (NFP) on LaunchpoolBinance has launched NFPrompt (NFP), an AI-driven project for Web3 creators, offering staking opportunities with CRYPTOCAP:BNB , FDUSD, and TUSD.
The world’s largest cryptocurrency trading platform Binance on Tuesday announced its 41st project on Binance Launchpool with the launch of NFPrompt (NFP). The move has caught the attention of the crypto community, as the platform offers a unique opportunity for users to farm NFP tokens by staking BNB, FDUSD, and TUSD.
Farming NFP Tokens: A Unique Opportunity for Crypto Enthusiasts
According to a statement released by Binance, NFPrompt ( NEWCONNECT:NFP ) is an AI-powered User Generated Content (UGC) platform that promises to benefit Web3 creators. Come December 20, 2023, users will be able to stake their BNB, FDUSD, and TUSD in separate pools to farm NFP tokens over 7 days.
Binance has unveiled plans to list NFP on December 27, 2023, at 10:00 UTC, offering multiple trading pairs, including NFP/BTC, NFP/USDT, NFP/BNB, NFP/FDUSD, NFP/TUSD, and NFP/TRY. The listing is expected to boost the liquidity and accessibility of NFP tokens in the broader crypto market.
Binance Launchpool Fair Mode reflects the platform’s commitment to safeguard and augment the interests of the community and retail users. This model ensures a more equitable distribution of tokens during the initial circulation phase and aims to reduce inflation pressure by preventing some allocations from entering circulation.
Launchpool Token Rewards and Staking Terms
The total token supply for NFPrompt is capped at 1 billion NFP, with 11% (110 million NFP) set aside for Launchpool token rewards. Initially, only a fourth of the total tokens will be in circulation. As per the staking terms, a KYC verification is mandatory, in addition to hourly hard caps per user for each pool.
Post Binance’s announcement, the CRYPTOCAP:BNB price rallied over 5% to $251, indicating that the overall market sentiment around the project is positive. The uptick also highlights the growing interest in innovative projects within the crypto space, especially the ones underpinned by AI, and that focus on content creation in the Web3 landscape.
Continue Bullish MarketHello!
I am a big fan of the Elliott wave principle, which I find very interesting and useful for market analysis. I have developed my analytical approach by combining this principle with my personal experience and considering various scenarios that could occur in the market.
While I would like to share my analysis with you, please note that I am not providing a buy or sell signal. My primary intention is to share my unbiased analysis so that you can utilize it as a guide to make an informed decision.
To build your confidence in my analysis, I always share my previous analysis from the same market so that you can compare and see the progress. All the details of my analysis are clearly labeled, which should make it easy for you to understand.
I hope that my analysis is useful to you in your business journey, and I wish you all the best.
I am looking forward to hearing from you. Lastly, I would like to mention that like-mindedness and support, comments, and likes are the most important pillars of progress, just like support points in the financial markets. They give me the energy to continue and share more ideas with you.
Sincerely,
Link is in a good moodIf 16.75 resistance broken i expect BIST:LINK to reach 428 easily from here. it has great potential
BNB about to break the down trendBNB finally near to break the long lasting downward trend. Upcoming days crucial.
MASSIVE VOLUME IS AWAITED!
BNB Ready For Take Off, If It Crosses This Level!9% Jump in Five Days: BNB (Binance Coin) has seen a 9% increase in the last five days, indicating a shift towards bullish momentum.
Rounding Bottom Reversal Pattern: BNB is forming a rounding bottom reversal pattern with a crucial neckline at $258.
Potential Bullish Breakout to $292: A successful breakout from this pattern could propel BNB towards $292.
Binance's Resilience Amid Regulatory Affairs: Despite facing significant legal challenges, Binance continues as the world's largest crypto exchange by volume.
Overall Market Recovery Influencing BNB: The recent market recovery is positively impacting BNB's price, suggesting a continuation of the bullish trend.
Parabolic Growth Post-Crash: After reverting from $220, BNB shows parabolic growth, targeting the resistance at $268.
Approaching 38.20% Fibonacci Level: The potential breakout aligns with the 38.20% Fibonacci retracement level, signaling a robust bullish rally.
Trading at $249: BNB is currently trading at $249, approaching the key psychological mark of $250.
Golden Crossover in Daily Chart: A golden crossover in the daily chart reinforces the bullish trend.
Technical Indicators - Bollinger Bands and MACD: Bollinger Bands indicate an uptrend, while the MACD shows a bullish crossover.
Challenge at $258 Neckline: The $258 level is a pivotal point for BNB's price trend.
Potential Upside to $300: If the market recovery continues, BNB could surpass $258 and potentially reach $300.
Risk of Retesting $241: A reversal could lead to a retest of the 200-day EMA at $241.
Is Binance Coin (BNB) Set to Smash All-Time Records?Hello traders,
Here's an update on BNB using a weekly timeframe chart. BNB is expected to rally 250% soon which will be close to its ATH. That's the minimum rally we can expect as a mid-term target. For a long-term target, BNB has a long way to go. I am anticipating a breakout soon on BNB and also keeping in mind the $200 support that is still holding on strong.
Regards,
Team Dexter.
BNB at critical junctureBNB is coming to a close on this descending triangle which is typically seen as a bearish structure. Depending on the price action we see, whether the descending line is broken to the upside for a bullish trade or the horizontal line breaks for a bearish trade, it could signal where the overall market could be heading over the next 12 months given the positive correlation across crypto.
Considering the recent price action and weakness in BNB relative to Bitcoin along with the CZ fiasco the probability of a downside break seems likelier. Watching closely to see how price action unfolds.
BNBUSD trading sidewaysBNBUSD is trading sideways as it fluctuates between support and resistance levels. Setting buy-stop and sell-stop orders at second levels of resistance and support respectively.
Binance coin (BNB) to $40On the 2-day chart above price action has increased over 3500% since the 2-day life cross in September 2020. A number of reasons now exist to be bearish, including:
1) The ‘incredible sell’ signal.
2) 2-day Death cross
3) Broken market structure.
4) Double top bearish divergence (8-day chart below)
5) A significant majority of ideas on tradingivew are long.
Is it possible price action rises further? Sure.
Is it probable? No.
A short from $340 is excellent.
Target $40
Ww
8-day double top divergence
BNB sideways limit prders bnb tp and sl mentioned for both cases
bnb is in a sideways market structure
BNBUSD-Sideways/Ranging BNBUSD was in bullish trend. after appearance of bearish divergence, the instrument printed LH and LL, and after that the instrument enters in sideways/ranging and moving in a box type range. the best strategy to play with ranging instruments is to buy at support and sell at resistance. both buy limit and sell limit orders can be initiated to get the maximum benefits from the ranging market.
BNB Bearish Liquidity Buildup The trend has changed with the liquidation of the structural low on the 4h chart, which indicates a bearish momentum
There is a clear trend line that has stop losses above it so the price might take it out first in order to continue bearish.
Equal Lows formed a Support zone on the 4h Chart which has stop loss liquidity below it.
BNB can have a reaction from either of the Supply Zones noted on the chart.
The overall Daily Bias is Bearish
