BNB Binance Coin Potential Retracement SoonIf you haven`t sold BNB on the triple top:
Then using the Fibonacci Retracement tool, I believe there will be a new buy opportunity in the $394 - $420 range!
BNBUSDT.PS trade ideas
BNB price is preparing for a strong growth soon ?The year 2023 was not the best for Binance and CZ, if we analyze the news background, lawsuits, fines, etc.
But everything seems to have "calmed down and stabilized"
The other day, there was another burning of BNB worth more than $600 million. Now, 154 million of the 200 million coins that were in circulation at the beginning are in circulation. Almost half of the planned amount was burned (ultimately, only 100 million BNB should remain in circulation).
It seems to us that a good "window of opportunity" is now opening up to drive the BNBUSDT price to the range of $520-540.
There you can sell a little BNB to cover the "expenses" of the past year)
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BNB/USDT 4HInterval Support and ResistanceHello everyone, let's look at the 4H BNB to USDT chart as we can see that the price has broken out of the local uptrend line.
Let's start by setting goals for the near future that we can include:
T1 = $575
T2 = $618
T3 = $649
AND
T4 = $689
Now let's move on to the stop-loss in case of further market declines:
SL1 = $512
SL2 = $484 - $469
AND
SL3 = $425
Looking at the RSI indicator, we can see that we have again approached the downward trend line and there is still a lot of room for recovery, while the STOCH indicator, despite the current rebound, also has a lot of room for recovery.
BNB Bullish Breakout happening nowAn inverse head and shoulders breaking above the 260$ resistance. We are most likely going to 300 and then 330-340.
There is also a massive amount of bullish divergence on the MaCD.
The stoploss is strategically placed below the neckline and key support level.
BNBUSDT - Price can bounce up from support level to $560Hi guys, this is my overview for BNBUSDT, feel free to check it and write your feedback in comments👊
A not long time ago price entered to rising channel, where it bounced from support level and rose to resistance line of channel.
After this movement, BNB turned around and ina short time declined to support line of channel and soon broke it.
Price left rising channel, broke $392 level, and declined lower, but soon it turned around and started to move up in new channel.
In this channel, BNB broke $392 level again and later reached $508 level, which broke soon too, and then made retest.
Then price tried to rise more, but failed and now trades very close to support line of rising channel.
In my mind, Binance Coin can decline to support level, after which it bounces up to $560
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BNB Buying Frenzy: Seize the Opportunity NowBNB Coin: Short Fundamentals, Recent News, and Disclaimer
Fundamentals:
BNB (Binance Coin): The native cryptocurrency of the Binance exchange.
Launched: July 2017.
Market Cap: ~$44.7 billion (as of March 11, 2024).
Rank: #4 on CoinGecko.
Unique Features:
Discounted trading fees: Use BNB to pay for trading fees on Binance and receive a discount.
Exchange governance: Participate in votes on Binance Improvement Proposals (BIPs).
Utility across Binance ecosystem: Used for various services on Binance, such as booking travel or using the Binance Launchpad for new token offerings.
Recent News:
Feb 23, 2024: Binance Labs, the venture capital arm of Binance, announces a $500 million investment fund for Web3 projects.
Feb 14, 2024: Binance launches a new educational initiative to promote cryptocurrency literacy.
Feb 9, 2024: Binance announces a partnership with Mastercard to launch a new crypto debit card.
Disclaimer:
Binance is a centralized exchange: Unlike some cryptocurrencies, BNB is not tied to a decentralized blockchain network. This means it's subject to the rules and regulations set by Binance.
BNB price is tied to Binance's success: The success of BNB is largely dependent on the success of the Binance exchange.
Additional Notes:
BNB has seen significant price appreciation since its launch.
The recent news highlights Binance's continued growth and expansion into new areas.
It's important to consider the risks associated with centralized exchanges before investing in BNB.
BNB: Resistance BreakoutTrade setup : Price broke above $500 resistance to signal continuation of uptrend, with +20% upside potential to $600. Stop Loss (SL) level at $450 for a 2:1 Reward-Risk-Ratio (RRR).
Trend : Uptrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55).
Support and Resistance : Nearest Support Zone is $400 (previous resistance), then $350. The nearest Resistance Zone is $500, which it broke, then $600.
BNB going to previous highsBNB passed thought previous 2 resistances like a butter. My bias bullish , at least untill next resistance.
BNB UPdateBNB - All levels above are Targets.
Final one = 742 (on weekly time frame) is Important, with very advance technique.
Good Luck!
Cryptolean Binance Coin BNB UpdateAs expected, yesterday Binance Coin had another bullish impulse and broke through the key daily resistance of $529.
A daily candle closure above $529 will increase a probability of a continuation of a bullish move up towards $586 and higher towards $600.
An inability to sustain could lead to a re-test of $477.
Intraday Chart
The BNBUSD intraday chart is bullish and the last 4-Hour candle broke through $526 resistance.
A sustained price action in the 4-Hour chart above $526 will push Binancecoin price towards $552 and higher.
A bearish break-out to $526 will lead to a dip towards $506 support that could lead to a bullish rejection.
BNB will follow BTC. A strong bearish rejection of $69,654-$73,422 in the BTCUSD daily chart will lead to the weakness of the whole Crypto market and Binance Coin won't an exception.
Like once read.
Thank you!
BNBUSDT Elliott Waves Analysis (Investment idea)Hello friends.
Please support my work by clicking the LIKE button👍(If you liked). Also i will appreciate for ur activity. Thank you!
Everything on the chart.
Closest target: 350 - 460 - 570
Main(investment) target zone: 850 - 1200$
Cancellation of setup - decreasing under 185.
RR: 1 to ~18
Stop loss must be necessarily, we have gap in 50-150$ zone, sooner or later we will get there.
risk is justified
Good luck everyone!
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It's not financial advice.
Dont Forget, always make your own research before to trade my ideas!
Open to any questions and suggestions
BNB - UPdateBNB - Once again - next Level been Reached!
Here are initial setup with Targets!
Congrats.
BNB promising cup and handle patternThe BNB/USDT pair is currently displaying a promising cup and handle pattern on the daily time frame, suggesting a potential bullish reversal. This classic chart pattern typically signifies a period of consolidation followed by a breakout to the upside.
With the cup and handle formation in play, there's a strong possibility of a continuation of the upward trend, potentially targeting around $455 USD for BNB. This target is derived from the pattern's measured move, projecting the expected advance after the breakout.
Moreover, the MACD indicator is indicating a forthcoming bounce, adding further confirmation to the bullish outlook. The convergence of positive signals from both the price pattern and the momentum oscillator enhances the probability of an upward momentum surge.
If the short-term trendline is breached and the cup and handle pattern is confirmed, it could act as a catalyst for a substantial upward move. Traders and investors alike may anticipate a significant rally, leveraging the breakout to capitalize on potential gains.
In conclusion, the technical setup for BNB/USDT appears highly favorable, with the cup and handle pattern, coupled with a potential MACD bounce, indicating a bullish trajectory. Confirmation of the breakout could trigger a notable surge in price, with $455 USD emerging as a viable target for the upward movement.
BNB Heading to $450 NextBNB has escaped its slump on the third attempt. It's now heading to $450 and there's nothing you can do to stop it.
NFA!
Will the launchpad on Binance increase the BNB price more?Hello everyone, let's take a look at the BNB to USDT chart taking into account the time frame of one day. As we can see, the price came out on top, from the main downward trend.
Currently, we can see how the price is struggling with strong resistance at the golden point of 0.618fib, but further it is worth defining a very important resistance zone from $565 to $668. ONLY when the price breaks above this zone and tests it positively, we will be able to see a move towards $965.
In a situation when the resistance level cuts off the current increase, which is strongly supported by the launchpad, and the price starts to reverse, there is significant support at $373, then a strong level is $300, and then around $248.
On the RSI indicator we can see that a support line has formed, but there is still plenty of room for recovery, while on the STOCH indicator we are again above the upper limit, which may also lead to a price correction.
BNBUSDT.1DBased on the market data provided, BNB (Binance Coin) is currently trading at 485 USDT.
In the short term (4h chart), the RSI (Relative Strength Index) is at 75.27, which is considered to be in the overbought territory. This could indicate that a correction or a slight pullback might be in the offing. The MACD (Moving Average Convergence Divergence) is at 17.5, which suggests a bullish trend. The Bollinger Bands (BB) are at 495.0, with BNB trading below the upper band, indicating less overbought conditions.
The immediate supports for BNB in the short term are at 459.0, 426.0, and 406.0 USDT, while the resistances are at 495.0, 502.0, and 518.0 USDT.
In the medium term (1d chart), the RSI is at 78.0, which also indicates overbought conditions. The MACD is at 31.6, suggesting a bullish trend. The Bollinger Bands are at 495.0, again with BNB trading below the upper band.
The medium-term supports for BNB are at 397.0, 351.0, and 336.0 USDT, whereas the resistances are at 509.0, 543.0, and 575.0 USDT.
In the long term (7d chart), the RSI is at 86.19, indicating heavily overbought conditions. The MACD is at 44.5, suggesting a strong bullish trend. The Bollinger Bands are at 495.0, with BNB trading below the upper band.
The long-term supports for BNB are at 329.0, 300.0, and 210.0 USDT, whereas the resistances are at 509.0, 614.0, and 695.0 USDT.
In conclusion, BNB appears to be in a strong uptrend, but the overbought conditions indicated by the RSI in all time frames suggest that a pullback or correction is possible. It's important to watch the support and resistance levels for potential breakout or bounce. As always, it's recommended to keep an eye on market news and use proper risk management strategies when trading.
BNB: Resistance BreakoutTrade setup : Bullish break above $400 resistance signals continuation of Uptrend with +10% upside potential near-term to $500. Stop Loss (SL) at $424.
Trend : Uptrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55).
Support and Resistance : Nearest Support Zone is $400 (previous resistance), then $350. The nearest Resistance Zone is $450, which it broke, then $500.
BNB UPdateBNB has reached local target.
All levels above are (especially 1st - marked) significant.
GL!
BNB Bullish Falling Wedge BreakoutPattern: Bullish Falling Wedge
Timeframe: 1-hour
Entry: Buy on a clear breakout above the falling wedge's upper trendline.
Entry Price: Enter upon a close above resistance.
Stop-Loss: Place below breakout point for risk management.
Take Profit: Initial target at wedge height added to breakout point.
Rationale:
Bullish pattern signals potential reversal.
Confirm breakout with increased volume.
Check for positive fundamental catalysts.
Assess relative strength compared to the market.
Confirm overall bullish sentiment in the crypto market.
Note: Trade carefully, use risk management tools, and stay updated on market conditions.
BNB UPdateBNB came to our Target!
Congrats.
Let's see when/if we break it.
Then chart with next target will follow.
BNB/USDT - TradeBNB/USDT 30MIN
1)Above 4hr levels
2)30min double bottom
3)Clean range for the price to move till 450$ level
BINANCE:BNBUSDT.P
#bnb#btc#crypto
Binance Coin can rise higher than resistance line and then fallHello traders, I want share with you my opinion about Binance Coin. Observing the chart, we can see that the price some days ago started to rise in an upward channel, where it soon broke the 360 support level, which coincided with the buyer zone, and in a short time later reached the resistance line of the channel. After this price made the correction and then continued to rise in the channel to the current support level, which is located in the support area. In a short time, BNB broke this level too and soon reached the resistance line of the channel, but at once price turned around and exited of channel and then declined to the 400 level. After this movement, the price rebounded from this level and started to rise, but later it made a downward impulse to the 360 level. Soon, the price turned around and at once made a strong upward impulse back and even higher. So, at the moment, BNB trades very close to the resistance line, therefore I think Binance Coin can rise a little higher than the resistance line, after which the price will turn around and start to decline. For this case, I set my TP at - 420 points. Please share this idea with your friends and click Boost 🚀
