BNBUSDT.PS trade ideas
BNB - long opportunityBNB went down after breaking traingle with bullish move so wait for bullish momentum after filling gab and reach OB to hunt long opportunity
BNB: Sideways ChannelTrade setup : Price remains in an Uptrend, however, it’s consolidating in a Sideways Channel ($500 - $620). Price has been very strong lately relative to the market. Most altcoins are off their March highs by 30-50% and this one keeps pushing against the $620 resistance...seems it`s just a matter of days before it pierces through and marches higher. Swing traders : can enter near channel support of $500 and exit near horizontal resistance of $600 for a +20% gain. Stop Loss (SL) level at $470. Trend traders : wait for a breakout.
Pattern : Price is trading in a Sideways Channel , which is a neutral pattern (indication of market indecision). Trend Traders ought to wait for a breakout in either direction, although typically it breaks in the direction of the existing trend. Swing Traders can trade the range? Buy near Support and Sell near Resistance. Learn to trade Sideways Channel in Lesson 6.
Trend : Short-term trend is Strong Up, Medium-term trend is Up and Long-term trend is Strong Up.
Momentum is Bullish (MACD Line crossed above MACD Signal Line). Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70).
Support and Resistance : Nearest Support Zone is $500.00, then $400.00. Nearest Resistance Zone is $670.00.
Why BNB will Break Above $4,000: A Technical Analysis BNB, the native token of the Binance blockchain ecosystem, has been exhibiting remarkable strength and resilience amidst the recent market downturn. While the overall cryptocurrency market has experienced significant volatility, BNB has held its ground and demonstrated a strong potential for continued growth. This article delves into the technical and fundamental factors that support BNB's bullish outlook and suggest its price could surpass $4,000 in the coming months.
Technical Analysis:
Daily Timeframe:
BNB has consistently formed bullish triangles on the daily timeframe, breaking out of each pattern with upward momentum. The most recent breakout propelled BNB from $300 to $600, marking a remarkable 100% gain. This pattern suggests that BNB is poised for another significant upward move.
Weekly Timeframe:
Currently, BNB is trading within a horizontal accumulation pattern on the weekly timeframe, a consolidation phase that has lasted for over 1,000 days. However, within this larger consolidation, BNB has established a tighter trading range, creating a spring-like effect. This pattern suggests that a breakout from the horizontal range and a surge towards $5,000 could be imminent.
Monthly Timeframe:
On the monthly timeframe, BNB has never exhibited bearish sentiment, consistently trading within an ascending channel. This uptrend has been further reinforced by a recent retest of the lower channel boundary, demonstrating strong support and a continuation of the uptrend.
Fundamental Factors:
Binance Ecosystem Growth:
The Binance ecosystem has experienced tremendous growth in recent years, expanding its services, user base, and transaction volume. This growth has directly benefited BNB, increasing its utility and demand.
BNB Burning Mechanism:
Binance regularly burns significant amounts of BNB through its buyback and burn program. This mechanism reduces the circulating supply of BNB, creating scarcity and driving up its price.
Staking Rewards:
BNB holders can earn attractive staking rewards by locking up their tokens and participating in various validation nodes. These rewards further enhance the token's value and incentivize long-term holding.
Inflation Resistance:
Unlike fiat currencies, BNB's supply is capped, making it inherently resistant to inflation. This characteristic positions BNB as a hedge against inflation and a store of value.
Conclusion:
BNB's technical analysis and fundamental factors paint a compelling picture of a token poised for significant growth. The consistent bullish patterns, strong ecosystem growth, token burning mechanism, staking rewards, and inflation resistance all contribute to BNB's bullish outlook. While market conditions can always change, the weight of evidence suggests that BNB has the potential to break above $4,000 and continue its upward trajectory.
BNBUSD 1DBNB ~ Updated
#BNB Finally managed to break the resistance line of this pattern, A retest is expected from here, to continue the rise.
BNB coin is just getting started!! BULLISH!!BNB value will not drop below 200$ anymore, don't get your hopes up if you are waiting for it.
The news has been bad but BNB coin has the green light!!!!. I noticed that the news turned the volume down, but the wave theory is fine.
CZ is an interesting and smart character to me and I don't condemn his actions. Do what you want, the main thing is not to get caught, but this time it was different with him. The fact that the investigation proved his wrongdoing and that he stepped down as CEO makes sense for the future of Binance.
Generally BULLISH.
The analysis is very likely considering BITCOIN, on the MD channel you can find BTC analysis which I update often, I have been successful with it.
My personal home crypto exchange is Binance. MoralDisciple
Is BNB getting ready for something big?This little breakout right here has spiced up the BNB chart. It has raised curiosity about how the price will unfold in the coming days.
If this breakout is legitimate, then buckle up for a good rally. The previous ATH could be possible.
Key points:
~ Support level of $597 to $609.
~ A bounce back is essential from the current resistance trendline to see a higher rally.
~ Targeting the $650 resistance and then the ATH of $691.
~ Invalidation point: A breakdown below $597.
~ Lower support: $565.
Do your own research before investing.
Regards,
Team Dexter
LONGBNBUSDTjust now
I think it has no intention of going down and wants to continue its ascent and as I have specified in the chart, it is possible to go to higher prices.
Let's see what happens
bnb really needs to reclaim that channelbnb has fallen out of the channel and back tested resistance where the 21 ema is.
there is a lot of air between current price and the lower bollinger band / diagonal trendline
bnb really needs to reclaim that channel for further upside
BNB ANALYSIS🔴 #BNB Analysis : ❓❓
🔮There is a formation of "Bullish Pennant Pattern" in #BNB in daily time frame. We can expect around $685 bullish move if the price perfectly retests the level📈📈
🔰 Current Price: $616
🎯 Target Price: $685++
⚡️What to do ?
👀Keep an eye on #BNB price action. We can trade according to the chart and make some profits. ⚡️⚡️
#BNB #Cryptocurrency #Breakout #DYOR
$BNB #Binance Trading IdeaBNB/USD (Binance) has another chance to break out from this ascending triangle and reach its all-time highs. We're seeing a bounce from the Golden Zone (Demand). After breaking through this resistance zone, it could go all the way to its ATH of $692.6.
Binance Coin (BNB): EMAs Are Holding Price Down!Binance coin is back, but this time in a smaller timeframe.
As we can see on a smaller timeframe, the price has been moving neutrally below both 100 and 200 EMA.
As we broke already, the EMAs price has been testing that same broken zone multiple times yet without any success or failure.
What we need here is to see a good rejection, which would result in further movement towards the lower support zone.
Swallow Team
BNB Holders! FOLLOW ME~!What 's up?! My friends!
This is BNBUSDT chart.
After breaking the GREEN downtrend line, It is currently keeps it.
If it keeps the GREEN downtrend line, It will reach the RED uptrend line.
* It's also worth looking forward to the rise due to the FLAG pattern.
BNBUSDT TriangleBNB is consolidating and gaining strength, positioning itself to either reach new highs or lows. Given today's conditions in the altcoin market, there is a significant possibility for it to establish a renewed support zone around the 500 level.
Binance Coin (BNB): The consolidation of a powerful asset.The BINANCE:BNBUSDT , one of the largest crypto capitalizations, has unquestionably been an extremely strong asset since the start of the year.
We can see that it is currently consolidating in a symmetrical top triangle, a chartist figure favorable to the continuation of an uptrend.
The Magic Bands (PMB) had given a very good sell signal at $630, and we can see that the cloud has remained green despite its correction. A green cloud means an uptrend, so everything seems to be going well for this asset, which has been in this trend for almost 200 days, with a very nice buy at under $230!
Note also that, despite its rise and strength, BNB is no longer in a period of distribution or attention according to Supreme Vision (BSV) .
Binance Coin BNB: Bulls vs. Resistance
BNB confronts the formidable resistance at $594.45, testing the resilience of bullish momentum.
A successful breach might propel BNB towards targets of $622.35 and $655.65.
However, a retreat below $542.50 could signal a corrective move down to $481.25.
BNB Bullish Pennant - Target: $880Bullish pennant on BINANCE:BNBUSDT
Not Financial Advice
Fib retracements are drawn between the ATH and the 2022 low. Some levels are still very well respected. (The pennant's low, matches exactly 0.618 fib)
We are very close to the pennant's convergence, so a breakout should be imminent.
Watch for a breakout of the resistance trendline (solid orange), as the target for a breakout would be a new ATH at around $880.
Expect some resistance in the $690 area, as that was the previous ATH.
✴️ Binance Coin 5X SHORT (230% Profits Potential)Here we have a symmetrical triangle for Binance Coin vs Tether (BNBUSDT).
This pattern for us has a bearish bias due to the fact that related pairs in the same situation are now bearish, take Ethereum as an example. The bearish action we see on the Ethereum chart can easily be duplicated on the Binance Coin chart.
➖ Market conditions can always change though and this is only an assumption based on past price action; anything goes.
➖ Make sure to do your own research before trading.
There is always risk involved.
➖ Leveraged tradings is for experienced traders only.
This is not financial advice.
Full trade-numbers below... ⤵️
____
SHORT BNBUSDT
Leverage: 5X
Buy-in: $620 - $580 | Cp: $584.5
Targets:
1) $540
2) $510
3) $480
4) $425
5) $380
6) $345
7) $315
Stop-loss: Close daily above $650
Potential profits: 230%
Capital allocation: 3%
___
If you enjoy the content or would like to see more trade ideas with "full trade-numbers," make sure to boost and follow... Now!
Namaste.
Binance Coin (BNB): Sideways Movement / Good Sell Momentum?Binance Coin is still trading inside that sideways tunnel, bouncing from one side to another.
We are seeing price approaching yet again in the in the upper zones, where previously we did not have a touch on the lower side of that zone.
We expect to see a downward movement soon from the current zones, so eyes open!
Swallow Team
BNBUSDT 1DBullish pennant on the #BNB daily chart. It has bounced from the pennant support and Ichimoku. Targets are:
$665.8
$714.6
$763.8
BNB 4HInterval Chart ReviewHello everyone, let's look at the 4H BNB to USDT chart, in this situation we can see how the price is moving in a sideways trend channel, staying below the local downtrend line.
Let's start by setting goals for the near future that we can include:
T1 = USD 579.2 at which the price struggles
T2 = $605.9
T3 = $623.6
AND
T4 = $648.3
Now let's move on to the stop-loss in case of further market declines:
SL1 = $570.1
SL2 = $539.4
SL3 = $518.2
AND
SL4 = $491.50
$BNB #Binance Trading IdeaBNB/USD (Binance) is having a tough time breaking above the ascending triangle to reach its all-time highs. After the news event, there was a strong bounce from the Golden Zone, which is a key demand area. However, there’s still a chance it could drop below the trend line and go down to retest the $477 level.
BNB Coin's Journey to Major Resistance After a Parabolic Surge
After experiencing a parabolic increase of 200% over 200 days, BNB coin has now reached a significant resistance zone ranging from $616 to $660.
Current Market Perspective:
Given the current conditions and Bitcoin's behavior, a correction and consolidation period for BNB is highly likely. For those who took positions at $255 following advice from Trade City Pro, now might be a good time to secure profits.
Strategy Insights:
For Holders: I plan to continue holding. However, if BNB closes a weekly candle below $540 and Bitcoin is under $48,000, I will consider selling my BNB holdings.
For Bitcoin's Influence: If Bitcoin stays above $48,000, I will not sell BNB.
Potential Re-Entry: Should the price suddenly pump and exceeds $616, I would consider re-entering the market at that point.
For Potential Buyers:
Entering After Resistance: Those who don't own BNB might consider buying if the price surpasses $617.
Fibonacci Retracement Levels: In case of a correction, the key Fibonacci levels from the last upward wave at 0.5 and 0.618 (between $394 to $430) might offer good entry points. Wait for a reaction or momentum change at these levels before entering.
Additional Observations:
It's intriguing that BNB seems relatively unaffected by broader market conditions, suggesting Binance might be positioning for something unique.
👍 If you find these insights valuable, feel free to like, comment, or share! Follow for more updates: #Tradecitypro #TCP 🚀
🔖 Categories: Market Analysis, Fibonacci Retracement, Strategy and Risk Management
📌 Stay tuned for any unexpected moves in the market, and happy trading!
