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BNB / TETHER Standard Futures

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BNBUSDT.PS trade ideas

BNB - Ranges overview (update)BNB moving nicely and like we noted it in the previous weeks. We closed back within the range and we are currently trading towards the lows of the range and the liquidity sitting around 540$ and 520$ Will be interesting to see how we end the week in the overall crypto market. BTC is currently below its range lows so let’s see where we move from here…you’ll notice most cryptos as always simply mimick and follow BTC. Stay safe and never risk more than 1-5% of your capital per trade. The following analysis is merely a price action based analysis and does not constitute financial advice in any form.
Short
by Patrick2707
A 800% move to $6000 for Binance token (BNB) by September?On the above monthly chart of BNB token there is easily an hour of topic to discuss. However attention spans amongst the equity providers do not afford a detailed explanation so the short version.. 1) Price action is in a legacy uptrend channel since inception with a confirmation of uptrend continuation (unlike LTC). 2) Price action is at resistance after three years of consolidation. This is the third test of resistance. Blue pointing down arrows. 3) Just as with May 2020 prior to the break of resistance, Stochastic RSI previously crossed above 80. (orange arrows). This is the same situation as today. Stochastic RSI remains with momentum for 182 days. Should history repeat, momentum continues until August / September. 4) The bull flag pattern confirms a breakout AND support. A measured move from the flagpole of the last resistance breakout takes price action to $6000. Is it possible price action corrects? Sure. Is it probable? No. Ww Type: trade Risk: <=6% Timeframe for long: You decide Return: 800% over the next 16 weeks
by without_worries
15
BNB: analaysis in D1📊Analysis by AhmadArz: According to the flag pattern that we saw the best reactions in the past, we can expect the same analysis from the chart at this time.🧨 Just keep in mind that there is a 10% chance of a fake breakout on each side of this horizontal trend.🚨 🔗"Uncover new opportunities in the world of cryptocurrencies with AhmadArz. 💡Join us on TradingView and expand your investment knowledge with our five years of experience in financial markets." 🚀Please boost and💬 comment to share your thoughts with us!
by ahmadarz
Binance Coin Ascending Channel Breaks; $372 Next Target➖ We have a very strong ascending channel pattern on the BNBUSDT chart. ➖ The fake bullish breakout early June is a failed signal. These two combined spell doom for this pair. Expect a major crash to happen now, after months of sideways which is when most traders lose money. Once a trend has been established, it is easy for traders to win. When the market is ranging, most people lose money and that's when it is recommended to stay out; exactly what we did. 👉 A move down is starting to develop; targets follow: 1) $475 is a strong support. 2) $372 goes next. These are high probability targets. It seems the recovery will be fast after the crash. Namaste.
Short
by AlanSantana
5
✴️ Binance Coin Still Bearish; Short-Squeeze = 50% Drop!Notice that this is the same chart setup we used before; Binance Coin bearish potential remains intact. The bearish potential is intact because BNBUSDT is still moving within a lower high compared to 16-March. Notice that the peak is very close to Bitcoin's; What one does, the rest follows! We do have a volume breakout in the last two days and the MACD looks good but the volume is too low. (Mixed signals.) Here we might be too early but we have the other pairs as confirmation and the fact that this was a very strong and sudden move... Let's make it simple: ➖ Bearish below $650; bullish above. 👉 As long as BNBUSDT trades below $650 monthly, remain short. 👉 If BNBUSDT moves and closes above $650 on the monthly timeframe, we have to reconsider our bias and adapt to the chart and market. But right now the chart setup remains the same. Namaste.
Short
by AlanSantana
6
BNBUSDT.1DIn this technical analysis of the BNB/USDT chart, we explore the recent price movements and key technical indicators to derive insights into potential future price actions. Key Observations: Current Price and Movement: BNB/USDT is currently priced at $594.6, with a modest daily decline of 0.78%. This movement suggests a potential consolidation phase after recent price activities. Support and Resistance Levels: R1 (Resistance Level 1): $644.8 - This level marks a critical resistance point that BNB needs to surpass to confirm a bullish trend continuation. S1 (Support Level 1): $494.3 - This is the primary support that BNB might retest if the current price level fails to hold. S2 (Support Level 2): Indicated on the chart but not specifically quantified, it represents a deeper support level that could come into play during a significant pullback. Technical Indicators: MACD (Moving Average Convergence Divergence): The MACD line is above the signal line, which typically suggests bullish momentum. However, the proximity of these lines indicates that the bullish strength might be waning. RSI (Relative Strength Index): The RSI is near 49.85, around the mid-range, which indicates neither overbought nor oversold conditions, suggesting a balance in buying and selling pressures. Analysis and Conclusion: BNB/USDT is currently navigating through a critical juncture, as evidenced by the consolidation pattern near the $594.6 level and the approach towards a significant resistance at $644.8. The MACD shows a slight bullish tendency, but the closeness of the MACD and signal lines could imply potential shifts in momentum. In the short term, the ability of BNB to hold above the support at $494.3 will be vital for sustaining the current market sentiment. Should this level hold, it could provide the necessary stability for BNB to attempt breaking past the resistance at $644.8. Conversely, a break below $494.3 could lead to a test of deeper supports (S2), indicating a shift towards a bearish trend. Traders should keep a close eye on these technical levels and indicators. The consolidation pattern, combined with MACD and RSI readings, will provide clues on the likely direction of the next significant price move. Given the current balanced RSI, the market could tilt in either direction based on broader market sentiment or specific news impacting Binance or the broader crypto market. As always, incorporating stop losses and managing risk exposure will be crucial in navigating the potentially volatile movements of BNB/USDT.
Long
by MarsSignals
BNB worth of investing?BNB (BNB) is definitely coin worth of investing because of their exchange and all projects on BNB Chain. This is trade (investment) setup on larger timeframe. I am not looking to reach targets 2,3 and 4 very soon, that could be year(s). I will sell most of my capital on targets 3 and 4. Small portion will be sold on Target 1 and 2. Entry Zone: 249-296 Buy Zone 2: 108-147 Target 1: 435 – 480 (48%) Target 2: 633 - 684 (112%) Target 3: 1026 -1087 (243%) Target 4: 1430 - 1470 (377%)
Long
by Abmoon
2
BNB MonthlyBullflag & restest of M value areas,beneath M POC.BNB is trying to find acceptance in the entire Value Area of the M Bullflag. It took out most of the break out levels stops and is now back in the that range, 5 m falling wedge into 5 OS for an H HL was my attempt but got stopped out. I got stopped out of my M SWING the last few days. attempting a daytrade reentry with clear stops under this H level. next is 15 OS for a 4h HL . next is BTC D OS and then try BNB for a M bullfalg reattempt into summer.
by ChartmanChris