BNBUSDTMarket is bearish.
after grabbing liquidity price pushed higher and reached to 4H POI.
now i am waiting for a little upmovement to grab the liquidity and take this short position
BNBUSDT.P trade ideas
BNBUSDT Momentum trade.One for the next few weeks...
Higher time frame momentum play: Altcoins seem to have been sleeping, with only a few showing some signs of life.
One that's showing early signs of life is BNBUSDT. It's possible for this to go up to $700 if we can get above this overhead resistance with some early momentum.
BNB: Bullish Triangle ConfirmedBNB: Bullish Triangle Confirmed
BNB just completed a symmetrical triangle pattern and the price broke out after the accumulation.
The price is retesting the broken resistance that has now turned into support.
Chances are it may rise further from this area.
It's a bit risky, but it can work well.
The first resistance and target zone is found near 557 and the second and stronger zone is near 590
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❤️
BNBUSDT.1DReviewing the BNB/USDT chart on a daily timeframe, we observe a complex pattern with a notable trend of fluctuation and recent signs of potential recovery. Here's a breakdown of the key technical indicators and patterns that frame the current market sentiment and outlook for Binance Coin.
Key Observations:
Price Movement: BNB has shown a significant downtrend marked by a descending resistance line (R1), which has consistently capped upward movements. The price is currently approaching this resistance line again, suggesting an imminent test.
Support and Resistance Levels:
Resistance Levels (R1 and R2): R1 is currently at approximately $503.7, with R2 higher at $613.5, indicating potential target levels if the price breaks above R1.
Support Levels (S1, S2): S1 is marked at $401.8, with S2 lower at $300, providing critical areas where the price might stabilize if it retraces.
MACD Indicator: The MACD line is above the signal line and both are ascending, suggesting a building bullish momentum. This could be indicative of a shift towards a positive trend if sustained.
RSI Indicator: The Relative Strength Index is near 55, which is moderately bullish and suggests that there is room for upward movement before BNB becomes technically 'overbought.'
Technical Analysis and Conclusion:
The current setup on the BNB/USDT chart indicates a pivotal moment where the asset is testing key resistance at R1. A break above this line could signal a strong bullish reversal, potentially leading the price towards the next resistance at R2. The positive divergence in the MACD supports this potential move, suggesting increasing bullish momentum.
However, if the resistance at R1 holds, we might see a pullback to the support at S1, or further down to S2 if bearish pressures intensify. The presence of a higher low compared to the previous spikes suggests a strengthening in market sentiment, which might underpin recovery attempts.
Trading Strategy:
Bullish Scenario: Consider taking a long position if BNB convincingly breaks and holds above R1. Set a target near R2 with a stop-loss slightly below R1 to manage risk.
Bearish Scenario: If BNB fails to breach R1 and reverses, a short position could be considered, targeting S1. Place a stop-loss just above R1 to limit potential losses.
Traders should closely monitor volume and other market dynamics for confirmation of these movements. As always, external factors such as market news, overall crypto sentiment, and regulatory developments should be factored into any trading decisions to adjust strategies dynamically.
Where is bnb heading? long or short? The price will rise after the break and we will reach the stated targets, insha allah.
BNB Is Forming an ABCD PatternThe AB=CD pattern is a four-point price harmonic, which involves a partial retracement of the initial price segment, followed by an equidistant move from the completion of the pullback.
Not every impulse and retracement form an ABCD Pattern. I use it under two conditions:
1. AB is an Impulsive move.
2. Sharp retracement up followed by a sharp move down. Use a trendline as a guide.
ABCD Targets:
1. A shallow continuation follows a deep retracement and vice versa.
For example, if BNB retraces in C to 70% of AB, the D point is expected at 1.414. If it retraces to the 0.618 of AB, the D point is expected at 1.618.
Your default should be the 1:1 extension.
BNB is creating a nice ABCD With a target of 350$.
Invalidation: Price > 544$
BNB Is Forming an ABCD PatternThe AB=CD pattern is a four-point price harmonic, which involves a partial retracement of the initial price segment, followed by an equidistant move from the completion of the pullback.
Not every impulse and retracement form an ABCD Pattern. I use it under two conditions:
1. AB is an Impulsive move.
2. Sharp retracement up followed by a sharp move down. Use a trendline as a guide.
ABCD Targets:
1. A shallow continuation follows a deep retracement and vice versa.
For example, if BNB retraces in C to 70% of AB, the D point is expected at 1.414. If it retraces to the 0.618 of AB, the D point is expected at 1.618.
Your default should be the 1:1 extension.
BNB is creating a nice ABCD With a target of 350$.
Invalidation: Price > 544$
Binance Coin (BNB): Looking For A Downward Movement Here!Binance Coin is back in-between EMAs while being below the major resistance zone on the daily timeframe.
We are looking for a nice rejection to happen from the current market price up until the resistance zone so we are waiting for any signs of rejection for now, which would give us a good movement!
Swallow Team
#BNBUSDT Descending Channel, is Breakout possible?🔸After the market crash in August 5, BNB has seen a pullback of 35% sending the price from $401 to $545. Currently sitting at $535 below the 200 MA ($536).
🔹The reason behind the price movements has been the overall market behavior specially Bitcoin, if you have read my BTCUSDT analysis that i posted yesterday you can notice some similarities among these two pairs.
🔸Similar to Bitcoin, BNB is consolidating below it's 200 MA ($536) and the support at $510. With a little bit of positive fundamentals to push the bulls, Bitcoin price can possibly move higher and try to regain it's recent losses resulting in BNB to follow the flagship and break above the 200 MA ($536)
🔹From there if the next target for buyers would be the resistant line of the channel, if this resistance cracked the price can move up to $620, $645, $700 and $720.
🔸Conversely, if the pair stayed loyal to the Descending Channel and aimed lower, the $500 - $510 support will break the next target for the bears would be $460 and $400.
Zanzibar Trading
Long trade Buyside
Fri 16th Aug 24
20.00 pm
NY Session PM
Entry 522.14
Profit level 544.65 (4.31%)
Stop level 517.27 (0.93%)
RR 4.62
Blood on the leaves.BNB is breaking structure and has also hit the top of the 0.5 Fibonacci level. Back in July, after reaching that point, we went down to the 0 Fibonacci level and are now currently looking for a relief crash down to 0.27 and then 0.618.
We are also in the third wave down according to Elliott Wave Theory, completing the harshest wave. Last but not least, the structure is breaking out of a bear pennant. If you are familiar with price action and technical analysis, you can follow up and see that what I am articulating is accurate. Thanks for reading! :)
BNB analysisIt is about reading the price pattern and the result of the indicators
I will only share with you what the result of the analysis shows.
This could be wrong. MD
WAIT FOR PULLBACK AND BUY AROUND $519BNB is showing bullish momentum, and I remain optimistic about its upward potential. However, I recommend waiting for a pullback to the $519 level before entering a buy position.
This level represents a key area of support, where the price is likely to find stability before resuming its upward trajectory.
For this trade setup, my target profit zone is around $541, with a stop loss set at $512 to manage risk effectively.
If the bullish trend continues, BNB could reach $560 shortly, offering a solid gain opportunity.
Traders should closely monitor price action and confirm signals before executing the trade.
Long term SELL with a Short term Buy(counter trend) to that zonemonthly Bias has been confirmed as a sell ,weekly bias still on a buy bias but with daily still at sell bias ,we could have price rally to the upside as noted and see it drop as stated out.
Binance Coin (BNB): Possible Further Movement To Lower ZonesBinance Coin is back testing the 200EMA, where sellers are looking to take full control of that zone.
We are looking for further movement to lower zones here and possibly a sharp rejection, which would fully secure the current zone!
Swallow Team
Binance Coin Complete Meltdown Will Lead To Lower PricesMy dear friends, numbers don't lie; neither the charts can lie.
➖ This monthly candle has a very long lower wick, and this right at the start of the month. This major wick is only the start of a much broader decline in Binance Coin's price. This is the "removal of support."
➖ The last three monthly candles/sessions, the triangular pattern and the market cycle truly reveals that is coming next.
What one does; the rest tends to follow.
👉 This chart is clear and depicts without a shadow of doubt what is already happening; a major crash. Just as BNB crashes, so will all the other crypto giants crash. The smaller altcoins are already trading near support or at all-time lows. The giants are next.
Bitcoin is sure to join the chorus.
The whales are taking profits and they have all the exchanges loaded with crypto ready to sell.
Prepare accordingly.
Act now!
Thank you for reading.
Namaste.
BNBUSDT the FIBO & TA gave us 2 scenariosThe current price BNBUSDT=530$
Regarding the FIBO & TA we gonna to dive in to 2 scenarios:
1. Bullish. If the chart will crossing UP the bearish channel (red bold line) close to the green circle (bullish target) - we are waiting the price around the 3.3 wave=624$.
2. Bearish. If the chart will crossing DOWN the bullish channel (green bold line) close to the red circle (bearish target) - we are waiting the price drop down to the wave 3.2=465$.
Opinion:
Long target:
buy 570-560$ - TP 620-630$
Short target:
sell 500-490$ - TP 480-465$
BINANCE:BNBUSDT
BNB, Silence is deafening.. low key preppin BIG MOVES at bottom.BNB has somewhat been abandoned in terms of price growth in comparison with its big coin peers alongside other alts. It has stayed at the bottom range for quite sometime. A low key reversal maybe on queue that will be missed by majority.
On our weekly data, BNB has tripled bounced on a solid order block at 220-240 range. This has been visited many times and it keeps bouncing off it for the past 12 months. This range is firm -- and a huge bounce maybe warranted after a few tries already.
Increasing volume has been spotted this past few days with numbers surging +20% from its average numbers.
The coin is currently sitting just above 78.6 FIB LEVEL -- a bargain that can't be missed.
Histogram higher lows is being registered conveying of that a long term trend shift is about to materialize. A bubble up volume (bottom indicator) has finally appeared after 3 months -- since April 2023.
If you missed the LTC, ETH, BTC bull train, BNB is kind enough to give you a chance.
Spotted at 245
TAYOR.
Safeguard capital always.
BNB will repeat XRP drama with SECBINANCE:BNBUSDT
This is a chart of BNB
Green box its a monthly gap, By weekly fib we have to came in to -0.27 zone (and 50% between 0.18 and 0.27 its exactly the size what BNB can drop) why? Just if we repeat same story what we already saw between XRP and SEC in 2020.
It's just mind blowing if the history repeat!
Here is how it playing out last time with XRP
After SEC files Xrp drop around 66% down and in 113 days reach new ath and over 1000%
Honestly I dont think we will see new ATH for Bnb this year in September but everything possible
Just compare 2 charts What do you think about it?
BNBUSDT BNB looking bullish for a long term buy. Strong rejection on a support and now price is headed for 560.45. A possible breakout should also make a double bottom formation strengthening the long term buy.
BNB crash this weekend to $461Just entered #bnb short.
I believe the market might be ready to continue back down to make new lows over the weekend.
Weekly and daily was already bearish, then we corrected on the daily. Today the market shifted back bearish on the 1hr after rejection prior daily/weekly support key levels. which is early sign of reversal if it's that we gonna make new lows.
Also in my opinion since there won't be no etf buy volume to support bitcoin price if we get major selling on bitcoin we might have another landslide this weekend and alts like bnb will correlate similar to last weekend..
BNB played out RANGE setup+3R trade took today, wasn't time to publish it, but stay tuned, those setups appear so often.
