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BNBUSDT.PS trade ideas

BNB: Bullish FlagTrade setup : Price remains in an Uptrend. Following a bullish break above $300 key level, price reached as high as $338 but got very overbought (RSI > 80). Now it’s consolidating in a Bullish Flag pattern, which is a continuation pattern that typically resolves in a bullish breakout in the direction of the existing Uptrend. We wait for a breakout to confirm the Uptrend, with upside potential to $350 thereafter. Pattern : Bullish Flag pattern. Short term small rectangle trading range between diagonal parallel lines. It moves counter to the prevailing price trend observed in a longer time frame on a price chart. It forms typically following a sharp advance and often indicates a small change in direction (or areas of consolidation) before the previous trend resumes. Flag pattern is among the most reliable continuation patterns that traders use because it generates a setup for entering an existing trend that is ready to continue. Trade is initiated on a breakout, if it is in the same direction as the prevailing trend. Also, with bullish flag patterns, traders prefer a breakout with an increase in volume but it isn’t a must. Trend : Neutral on Short-Term basis and Uptrend on Medium- and Long-Term basis. Momentum is Bearish (MACD Line is below MACD Signal Line, and RSI is below 45). Support and Resistance : Nearest Support Zone is $300, which it broke, then $260. The nearest Resistance Zone is $350.
Long
by altFINS
Binance vs SEC - BNB Play!Binance had a difficult 2023 as the US Gov effectively removed CZ from office and strangled their operation in the US. Binance however seemed to take it in stride paid their fine and moved on, returning quickly to their dominant position and maybe highlighting crypto's global nature by thriving despite a hostile US market. The issues in the US however are not over with the SEC currently in court with Binance seeking to prove that they were illegally selling securities as an unlicensed broker. One of the coins the SEC are considering an unregistered security is Binance's utility token BNB. Now, predicated on the recent XRP ruling (not a security, when theres probably a better case to make XRP a security) and the SEC's history with crypto of getting their asses handed to them combined with their general incompetence (I'm thinking Greyscale, the ETFs and the absolute S show they made of the approval announcement) I think its worth a punt on BNB and Binance winning this case. Since their is a general level of animosity towards Binance in the US I think they are likely to get a rougher ride than US based firms like Ripple and Greyscale so I'm placing my stop below the 180 support. Binance has both burn and buyback mechanisms in place for BNB so I'd expect they will defend this price point in the worst case scenario.Slight risk mitigation there and I imagine being labelled a security in the US wont stop traders abroad snapping up cheap BNB. Technically, nice uptrend following the previous legal case resolution. 2024 has been spent forming this falling wedge which, especially on the daily, could signal a break to the upside is imminent (at the very least we should see a bounce from the trendline support). I've also added a second DCA entry at 260 which historically has been price support (through most of 2022, and March 2023). In fact back in March when withdrawals suddenly stopped working on Binance and everyone expected FTX 2 Electric Boogaloo, 260 was the lowest BNB dipped. First two targets derived from the resistance on the chart, the rest from the FIB. Shout if you have any questions / thoughts!
Long
by CryptoNicho
2
HelenP. I Binance Coin will rebound from resistance zone to $320Hi folks today I'm prepared for you Binance Coin analytics. Some days ago price declined to the support zone, which coincided with support 2, and a few time traded near, but later bounced and tried to rise higher. BNB failed and made a correction to the trend line, after which the price made a strong impulse up to support 1, which coincided with the resistance zone. In a short time BNB broke this level and started to trades inside consolidation, where the price rose to the top part, but soon turned around and made correction to the resistance zone back. Price tried three time to rise, but only the third time it finally rose. But later BNB turned around and fell back to the resistance zone, where it continues to trades near the trend line at the moment inside consolidation. For my mind, Binance Coin will fall to support 1 and then rebound and start to move up in consolidation, thereby exiting from the resistance area. That's why I set my target at the 320 level. If you like my analytics you may support me with your like/comment ❤️
Long
by FirstNameHelen
2
Binance (BNB) Binance (BNB) initially had a difficult period, but has once again broken past the $300 level. Last month, the Binance crypto showed bullishness and climbed 28%, taking the fourth spot. In terms of market capitalization, it stands at $46,231,274,072, with an average trading volume of $1,417,258,819. On the weekly charts, the Binance price rose from $293.12 to $326.66. Traders should pay attention to the closing of the bars. If this happens above the $300 level, it can continue to grow. According to Binance's price forecast, it could end at a value of $513.02 in 2024.
by EDUCASH247
BNB - WATCH OUT 👀 4h Support Breaks📉Hi Traders, Investors and Speculators of Charts📈 In the lower timeframes, sellers have taken control and the price is trading right on top of a very important support zone: If we lose this support, the next likely bonce zone is only around 175: From a macro timeframe, the technical indicator is still bullish (as long as the green trendline holds: If you found this content helpful, please remember to hit like and subscribe and never miss a moment in the markets. _______________________ 📢Follow us here on TradingView for daily updates📢 👍Hit like & Follow 👍 CryptoCheck CRYPTOCAP:BNB BINANCE:BNBUSDT BINANCE:BNBUSDT.P BINANCE:BNBUSD CRYPTOCAP:BNB.D MEXC:BNBUSDT.P
Short
by CryptoCheck-
2
BNBUSDTWhen I look at the data on the monthly frame, we find that all the declines and rises that occurred during the last 31 months occurred within only one previous monthly candle, and this indicates that the market maker does not want the currency to fall or break the bottom of this strong candle. We find that he created strong support that he relied on more than 4 times. It ended with a buying monthly candle indicating the beginning of an upcoming strong rise. Let us see together what the market is happening. All data on the chart.. Good luck
Long
by KhaldHegazy
BNBUSDT - Price can bounce from resistance area to $288Hi guys, this is my overview for BNBUSDT, feel free to check it and write your feedback in comments👊 Recently price entered to triangle, where it bounced from support line and made upward impulse to resistance line. But then it fell back to support line, after which BNB turned around and rose to resistance line again, breaking $303 level. Later price exited from the triangle and started to trades in flat, where soon it reached $321 level, which coincided with resistance area. Then BNb some time traded near this area and even rose higher, but then price made a downward impulse. Price exited from flat, and broke $303 level too and I think Binance Coin can bounce from resistance area to $288 level. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Short
by WalterMoon
1
BNB very negative scenarioComprehensive Analysis of the Potential Downturn in BNB/USDT: A Bleak Scenario Unfolding As we delve into the intricate web of factors surrounding the Binance Coin (BNB) and its pairing with Tether (USDT), a comprehensive examination reveals a gloomy outlook that may pave the way for a substantial decline from its current value of $307 to a support line around $47. The bearish sentiment is deeply rooted in the analysis of a prolonged trading channel, which has played a pivotal role in shaping the recent price action. BNB/USDT has shown signs of exhaustion within this channel, as repeated attempts to breach higher resistances have been met with increasing resistance. This suggests a potential breakdown of the established bullish structure, leading to a significant correction. A critical aspect adding weight to this negative scenario is the trajectory of the Moving Average Convergence Divergence (MACD) indicator. The MACD line's descent into negative territory signals a waning bullish momentum and a possible shift towards a sustained bearish trend. This decline is indicative of diminishing buying pressure and could precipitate a cascade effect as market participants reassess their positions. Moreover, the impending breach of key support levels, particularly the $47 mark, could trigger a domino effect of sell-offs. The convergence of technical indicators and the breach of such critical support could catalyze a rapid descent, leading to the aforementioned price target. In conclusion, the combination of a protracted trading channel, a MACD signaling negative momentum, and the impending breach of crucial support levels paints a bleak picture for BNB/USDT. Traders and investors should exercise caution and consider risk mitigation strategies in the face of these ominous indicators. It is crucial to stay informed and adapt to evolving market conditions, as unforeseen events can swiftly alter the trajectory of any asset.
Short
by Bitcoinblockchainonline
BNB: Time For The Bearish Move?BNB: Time For The Bearish Move? After the price reached all targets from our previous analysis we can see that the price is reacting near to the last target zone. In this way, BNB is raising the chances that it can move down again in the same way it moved up. it can take some time as a movement. You may watch the video for further details! Thank you and Good Luck! ❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Short
by KlejdiCuni
2
BnbTrade setup: Following a bullish break above $300 key level, price reached as high as $338 but got very overbought (RSI > 80). Now its consolidating in a Bullish Flag pattern, which is a continuation pattern that typically resolves in a bullish breakout in the direction of the existing Uptrend. We wait for a breakout to confirm the Uptrend, with upside potential to $350 thereafter. (set a price alert). Pattern: Bullish Flag pattern. Short term small rectangle trading range between diagonal parallel lines. It moves counter to the prevailing price trend observed in a longer time frame on a price chart. It forms typically following a sharp advance and often indicates a small change in direction (or areas of consolidation) before the previous trend resumes. Flag pattern is among the most reliable continuation patterns that traders use because it generates a setup for entering an existing trend that is ready to continue. Trade is initiated on a breakout, if it is in the same direction as the prevailing trend. Also, with bullish flag patterns, traders prefer a breakout with an increase in volume but it isn’t a must. Trend: Uptrend across all time horizons (Short- Medium- and Long-Term). Momentum is Mixed as MACD Line is below MACD Signal Line (Bearish) but RSI > 55 (Bullish). MACD Histogram bars are rising, which suggests that momentum could be nearing another upswing. Support and Resistance:Nearest Support Zone is $300 (previous resistance), then $260. The nearest Resistance Zone is $350. Bullish Flag Resistance Zone
Long
by vahidzamani67
1
BNB/USDT 4H ChartI invite you to a quick review of BNB to USDT on a four-hour interval. As you can see, the price is moving above the local uptrend line. Looking at the current increase, we will unfold the Fib Retracement grid, and we can see that the price is fighting a strong resistance zone from $317 to $321, while we still have resistance at $330. Looking the other way, there is support at $308.5, while the support zone from $296 to $289 is still important. The RSI indicator remains in the upper part of the range, while the STOCH indicator exceeds the upper limit, which may result in a price recovery.
by cryptodailyuk
BNB: Pullback in UptrendTrade setup : Following a bullish break above $300 key level, price reached as high as $338 but got very overbought (RSI > 80). Now it’s consolidating in a Bullish Flag pattern, which is a continuation pattern that typically resolves in a bullish breakout in the direction of the existing Uptrend. We wait for a breakout to confirm the Uptrend, with upside potential to $350 thereafter. Pattern : Bullish Flag pattern. Short term small rectangle trading range between diagonal parallel lines. It moves counter to the prevailing price trend observed in a longer time frame on a price chart. It forms typically following a sharp advance and often indicates a small change in direction (or areas of consolidation) before the previous trend resumes. Flag pattern is among the most reliable continuation patterns that traders use because it generates a setup for entering an existing trend that is ready to continue. Trade is initiated on a breakout, if it is in the same direction as the prevailing trend. Also, with bullish flag patterns, traders prefer a breakout with an increase in volume but it isn’t a must. Trend : Uptrend across all time horizons (Short- Medium- and Long-Term). Momentum is Mixed as MACD Line is below MACD Signal Line (Bearish) but RSI > 55 (Bullish). MACD Histogram bars are rising, which suggests that momentum could be nearing another upswing. Support and Resistance : Nearest Support Zone is $300 (previous resistance), then $260. The nearest Resistance Zone is $350.
Long
by altFINS
BNB ANALYSIS🔮 #BNB Analysis 💰💰 🌟🚀In 1hr chart we can see a formation "Rising Wedge Pattern" in #BNB. Currently #BNB is trading near its major resistance level.If #BNB holds and sustains this resistance and if #BNB breaks it then we will see a good bullish move.💲💲 🔖 Current Price: $317 ⏳ Target Price: $337 ⁉️ What to do? - We have marked some crucial levels in the chart. We can trade according to the chart and make some profits in #BNB. 🚀💸 🏷Remember, the crypto market is dynamic in nature and changes rapidly, so always use stop loss and take proper knowledge before investments. #BNB #Cryptocurrency #DYOR #PotentialBreakout
Long
by ZEUS_Market_Alerts
BNB/USDT 1HInterval ChartI invite you to review the BNB chart. And here we can start by defining the downtrend line with the yellow line, then we can use the blue color to mark the upward trend channel in which the price moves at the lower border. Let's now move on to the trend based fib extension grid, thanks to which we can see how the price is struggling with the support at $311, after breaking out from the bottom we can see support at the price of $304, and the support zone from $299 to $293 will be more important. Looking the other way, we can use the mesh to check the places of resistance. And here we can see effective resistance at the price of $318, but when the price overcomes it, we can see an increase towards the strong resistance zone from $332 to $339. As for the RSI indicator and the STOCH indicator, similar behavior can be seen here as in the case of BTC and ETH, because exceeding the upper limit on the STOCH indicator resulted in a rebound on the chart and the RSI indicator.
by cryptodailyuk
Binance Coin can rise to 322 points, breaking resistance levelHello traders, I want share with you my opinion about Binance Coin. Observing the chart, we can see that the price a few days ago started to decline inside the downward channel, where it soon fell to the support line, thereby breaking the 316 resistance level, which coincided with the seller zone. After this price declined lower than the support level, which coincided with the buyer zone, but soon rebounded back and rose to the resistance line of the channel. Next, BNB declined lower 298 level again, started to rise, and later exited from the downward channel, thereby breaking the 298 support level again. Price rose to the seller zone, where it reached the resistance line of the wedge and then made a downward impulse from it to the support line, making a fake breakout of the resistance level. After this, BNB bounced from the support line and made a strong upward impulse to the seller zone again, where it some time traded and then turned around and fell back. Binance Coin declined to support line and a not long time ago it rose to a resistance level, and tried to break it, but failed. Now, the price continues to trades very close to this level and I think that BNB can decline to the support line and then make impulse up to the resistance line, thereby finally breaking the resistance level. For this case, I set my target at the 322 level. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
BNB Coin Slips, but Could It Finally Break Out of Consolidation?The BNB price has been in a consolidation phase between $288 and $320 for the last 2 weeks. It attempted to break above this channel on Jan. 15 but was unable to close a 4-hour candle above this threshold. Since then, the altcoin has been in a steady descent. BINANCE:BNBUSDT seems to be attempting another challenge at the upper boundary of the aforementioned sideways channel. However, technicals on BNB’s 4-hour chart suggest that the crypto does not have the momentum needed to surpass this mark. The Moving Average Convergence Divergence (MACD) indicator is flagging bearish on the 4-hour chart. With the MACD line positioned below the MACD Signal line, it appears the BNB price is still in a bearish short-term cycle. In addition to this, the slope of the MACD Histogram is negative. This may be a sign that BNB’s negative trend is growing stronger. Despite this, there is still hope that the altcoin will begin to rise soon. The Relative Strength Index (RSI) indicator was on the verge of triggering a major bullish technical flag on the 4-hour chart. Currently, the RSI line is attempting to cross above its Simple Moving Average (SMA) line. Should the prior break above the latter, it could be the early signs of a bullish trend reversal for the BNB price. As a result, the BNB price may look to overcome the $320 obstacle. A daily close above this level could then give it the foundation needed to continue rising to $340 in the following couple of days. However, a break below the middle level of the current price channel, which is situated at around $303, may invalidate this bullish thesis. In this alternative scenario, the BNB price could be at risk of falling below $288 before potentially plummeting to $257.5 in the following few days.
by StevenWalgenbach