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BNB/USDT 4HInterval Chart support and resistanceHello everyone, let's take a look at the BNB to USDT chart on a four-hour time frame. As you can see, the price is moving below the local downtrend line. After unfolding the trend based fib extension grid, you can see support at the level of $302, which has maintained the price, and then you can see the support zone from $295 to $286. Looking the other way, there is resistance at $313, followed by a strong resistance zone from $327 to $334. Looking at the RSI indicator, we can see a rebound with room for a larger decline, while the STOCH indicator shows a rebound from the lower limit, which is also confirmed by a slight price rebound on the chart.
by cryptodailyuk
BNB: Resistance BreakoutTrade setup : Following a bullish break above $300 key level, price reached as high as $338 but got very overbought (RSI > 80). Now it’s pulled back to $300 support, which could be an attractive swing trade entry in Uptrend, with upside potential to $350. Stop Loss (SL) level at $285 (10% downside risk versus 20% upside potential for a 1:2 Risk-Reward Ratio). Trend : Uptrend across all time horizons (Short- Medium- and Long-Term). Momentum is Bullish but inflecting. MACD Line is above MACD Signal Line and RSI is above 55 but momentum may have peaked since MACD Histogram bars are declining, which suggests that momentum is weakening. Support and Resistance : Nearest Support Zone is $300 (previous resistance), then $260. The nearest Resistance Zone is $350.
Long
by altFINS
🚀Binance Coin (BNB) Analysis Overcoming Resistance ChallengeKey Points: Positive Outlier: Binance Coin (BNB) has displayed positive performance, closing the week with a 0.3% increase despite broader market trends. Sustained Momentum: BNB sustained momentum after surpassing the $300 mark at the end of 2023. Obstacle Ahead: The coin faces a significant obstacle in the form of strong resistance at $360, and breaking above this level may prove challenging. Technical Insights: Resistance at $360: The $360 resistance level is highlighted as a significant challenge for BNB. Absence of Substantial Pullback: The absence of a substantial pullback in the rally raises considerations about the potential difficulty in overcoming resistance. Implications for Traders and Investors: Cautious Approach: Traders and investors should approach the $360 resistance level with caution, considering the absence of a significant pullback. Monitoring Price Movements: Close monitoring of price movements and potential developments in the market is advised.
Long
by Richtv_official
1
BNB - Analysis of Binance CoinBinance Coin is currently undergoing a prolonged descent in Wave E, evident from its ongoing Wave ii correction that seems far from completion. It's fascinating to note the market's tendency to offer a second opportunity for entry after missing the initial significant surge. The challenge with perceiving it as a Wave 2 lies in the potential lack of comprehension regarding the underlying pattern, possibly identified by Elliott Wave practitioners as a double or triple zig-zag, a concept prone to subjectivity and limited helpfulness. However, AriasWave diverges from the Elliott Wave methodology, adopting a distinct approach reminiscent of a programming language. It involves asking specific questions, and depending on the answers, guides one towards understanding their position within the corrective pattern. Here, a forward-looking and guided effort is emphasized, providing solace and comfort in making investment decisions at favorable prices, free from the fear of missing out (FOMO).
Short
by AriasWave
HNT Ballooning to new Heights - Potential Price TargetsHelium Network is an extremely promising venture, Not only due to its revolutionary vision but also its solid team and feverish community of supporters. Solana Phone is likely to bring the price to new highs, very soon. Here are my current price points for HNT Support zone: 5.28 - 6.883 Resistance Level: 7.82 Target 1: 11.11 Resistance Level: 12.02 Target 2: 13.79 Helium (HNT) is a decentralized blockchain-powered network for Internet of Things (IoT) devices. Launched in July 2019, the Helium mainnet allows low-powered wireless devices to communicate with each other and send data across its network of nodes. Nodes come in the form of so-called Hotspots, which are a combination of a wireless gateway and a blockchain mining device. Users who operate nodes thus mine and earn rewards in Helium’s native cryptocurrency token, HNT. Helium’s goal is to prepare IoT communication for the future, identifying inadequacies in current infrastructure from its birth in 2013.
COINBASE:HNTUSDLong
by Helios_Capital_Investment
3
After exiting of triangle, BNB can make retest and continue growHello traders, I want share with you my opinion about Binance Coin. Observing the chart, we can see that the price a few moments ago declined to the support level, which coincided with the buyer zone and even fell to this zone. But later, BNB reached the support line of the triangle, and at once rebounded and made a strong upward impulse to the resistance line, thereby breaking the 306 level, which is located inside the support area. Then price rebounded from the resistance line and started to fall to the support area, and when BNB declined to this zone, it at once rebounded and tried to rise back to the resistance line of the triangle, but failed and fell back to the support area. Later Binance Coin bounced from the support area again, finally reached the resistance line, and even soon broke it, thereby exiting from the triangle. Now, I think that BNB can make a retest to this resistance line and then continue to move up. For this case, I set my target at the 342 level. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
1
BNB/USDT Ready for a Bull Run? 👀🚀 BNB Analysis 💎 Paradisers, set your sights on BNBUSDT for a significant trading possibility. The asset is currently in a descending channel, indicating a strong potential for an upward shift from a key support level. 💎 Over the last month, BinanceCoin has skillfully adhered to its channel pattern. Having now reached the crucial support level at $206, there's a pronounced chance of a bullish reversal, which could culminate in a breakout from the channel. 💎 This outlook is bolstered by VRVP analysis, which suggests that historical visits to key support levels typically lead to strong bullish movements. If this bullish trajectory continues, BNB could be heading towards resistance levels at $271 and $310. 💎 However, it's crucial to monitor BNB closely. Falling below the current support level would require a significant reevaluation of our trading approach. Such a trend reversal could indicate difficulties in maintaining the bullish momentum, requiring strategic adjustments to align with the changing market conditions. 💎 Remain vigilant and proactive, Paradisers. Paradise Team is committed to provide you with thorough analysis and strategic insights to empower you to navigate these market fluctuations skillfully.
Long
by MyCryptoParadise_Simon
2
BNB: Resistance BreakoutTrade setup : Following a bullish break above $300 resistance zone, price reached as high as $338 but got very overbought (RSI > 80). Now it’s pulled back and is retesting that $300 key level. Upside potential to $350. Stop Loss (SL) level at $285 (10% downside risk versus 20% upside potential for a 1:2 Risk-Reward Ratio). Trend : Uptrend across all time horizons (Short- Medium- and Long-Term). Momentum is Bullish but inflecting. MACD Line is above MACD Signal Line and RSI is above 55 but momentum may have peaked since MACD Histogram bars are declining, which suggests that momentum is weakening. Support and Resistance : Nearest Support Zone is $300 (previous resistance), then $260. The nearest Resistance Zone is $350.
Long
by altFINS
After exiting from pennant, BNB can continue grow to 240 levelHello traders, I want share with you my opinion about Binance Coin. Observing the chart, we can see that the price some time ago declined to the buyer zone, breaking the support level, and even later declined to lower this zone, but soon it rebounded back, making a fake breakout of the 245 level. Also, BNB started to trades in a range, where it later rose to the top part, but then rolled a little down. After this, the price made an upward impulse to the current support level, thereby exiting from the range and entering the pennant. In the pennant, BNB broke the 308 level, which coincided with the support area, and a few moments later reached the resistance line of the pennant. After this movement, Binance Coin bounced from this line and in a short time declined to support the area, but recently price rebounded up from this area and even soon broke the resistance line, thereby exiting from the pennant. So, now I think that Binance Coin will fall to the support area first, and then it can continue to move up. For this case, I set my target at the 240 level. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
🚀💹 Binance Coin (BNB) Awakens with 18% Weekly Surge! 🌐🔥Binance Coin (BNB) has experienced a notable resurgence, surging over 18% and reaching a price level exceeding $300. This bullish momentum has propelled BNB to new local highs and is reviving optimism in the cryptocurrency, particularly after facing challenges from regulatory concerns in the United States. Here are the key details: Market Performance: Price Surge: BNB has recorded an impressive 18% price increase over the week, demonstrating a strong bullish reversal. New Local Highs: The cryptocurrency has achieved new local highs, marking a positive shift in its price trajectory. Resilience Amid Regulatory Challenges: Despite facing challenges related to regulatory scrutiny in the U.S., BNB has shown resilience and regained positive momentum. Technical Outlook: The current resistance is identified at $350, and a successful break above this level could pave the way for BNB to attain new yearly highs. The bullish reversal is surprising and brings renewed optimism to BNB, signaling a potential turnaround in its market sentiment.
Long
by Richtv_official
BNBUSDT - Price can make correction and then bounce up to $342Hi guys, this is my overview for BNBUSDT, feel free to check it and write your feedback in comments👊 Recently price entered to rising channel, where it rose to $265 support level, which coincided with support area. Then, BNB broke $265 level, reached resistance line of channel, and then made correction to this level. After it some time traded near this level and then price rebounded and made upward impulse to $312 level, exiting from channel. Also, BNB started to trades in pennant, after channel, where it broke $312 level and soon reached resistance line. But a not long time ago price bounced from this line and declined to $312 level and at once bounced up. Now it trades near support area and I think that BNB can fall to support area, exiting from pennant, and then bounce up to $342 If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
2
BNB: Resistance BreakoutTrade setup : Following a bullish break above 200-day moving average and $260 resistance zone, price resumed its uptrend and broke through out target of $300 resistance as well. Next resistance is at $350, however, price is now very overbought (RSI > 80). Hence, near-term, we’re likely to see it pause here on some profit taking. We wait for a pullback. Trend : Uptrend across all time horizons (Short- Medium- and Long-Term). Momentum is Bullish but extremely overbought. ( MACD Line is above MACD Signal Line). RSI is bullish (> 55) but extremely overbought (> 80) which could imply that price could briefly pause or pull back if it reaches Resistance. Support and Resistance : Nearest Support Zone is $260 (previous resistance), then $220. The nearest Resistance Zone is $300, which it broke, then $350.
Long
by altFINS
BNBUSDT.1DBased on the given data, the BNB currency is currently trading at $311.0 against USDT. The RSI (Relative Strength Index) on the 4-hour, 1-day, and 7-day charts are 81.26, 81.26, and 69.76 respectively. These values indicate that the currency is currently overbought, suggesting a potential price pullback or slowdown in the near future. The MACD (Moving Average Convergence Divergence) on the 4-hour, 1-day, and 7-day charts are 10.09, 12.06, and 6.0 respectively. These positive values indicate a bullish trend. The Bollinger Bands (BB) on the 4-hour, 1-day, and 7-day charts are all at 314.0, which is above the current price. This could mean that the market is in a downtrend from the upper band and could potentially bounce back from the lower band. In terms of support and resistance levels, the current price is above the first support level on all three charts and below the first resistance level, suggesting that the price is currently in a relatively stable range. In conclusion, the market data indicates a bullish trend for BNB, but the high RSI values suggest potential overbuying in the market. If you are a risk-averse investor, it might be a good idea to wait for a potential price pullback before entering the market. On the other hand, if you are risk-tolerant, you might see this as a buying opportunity given the positive MACD and the current price position between the support and resistance levels. However, please do your own research or consult with a financial advisor before making any investment decisions.
by MarsSignals
BNB IS VERY BULLISH (1W)Previously, for BNB, we considered a diametric, but the conditions of the waves are such that it seems that we are inside a triangle. It seems that we are now in the final wave of this triangle, the E wave. Based on the signals we have on the chart, we think $207 is the absolute bottom for BNB! By maintaining the key level, which is $207, it can move towards the targets. Our stop is the close of two weekly candles below $207. Further confirmation is when RSI resistance is broken above
Long
by behdark
4
BNB/USDT 1DInterval ChartHello everyone, I invite you to review the BNB chart. As we can see, after the announcement of the new lanchpad, the price with dynamic movements overcame a strong downward trend line. Also, when we turn on EMA Cross 50 and 200, we will see that the indicator confirms the return to a strong upward trend, now we need to watch whether we will maintain this trend. After such a dynamic increase, it is worth spreading the Fib Retracement mesh to check the current resistance. And here you can see that the price is approaching a strong resistance zone from $320 to $352. However, when the price starts to reverse, we can similarly determine support, and we can see the first significant support at the level of $271, and then we can see the price return to the strong support zone from $225 to $201. The RSI indicator shows that we have exceeded the upper limit, which may result in a price recovery, and the situation on the STOCH indicator is similar, which may also result in a recovery. However, the CHOP index shows that this movement is running out of energy.
by cryptodailyuk