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Binancecoin

Binance Coin: Ready 🙌With the low of wave (2) in magenta, Binance should have finished a longer descending phase. Thus, we expect the altcoin to advance significant upwards movement, heading for the resistance at $398.20. This mark should be conquered in due time, so that the top of wave (3) in magenta can be reached. However, a 30% chance remains that Binance could slip below the support at $220.50 and develop a new low in the form of wave alt.(2) in magenta before it can continue the ascent.
BINANCE:BNBUSD
by MarketIntel
Binance Coin can grow to resistance line and try to break itHello traders, I want share with you my opinion about Binance Coin. By observing the chart, we can see that price bounced from the resistance level, which is located in the seller zone, and fell firstly to the support level, but soon Binance Coin declined lower to the buyer zone. A few time later price declined more to the support line, but at once rolled up and rose to the resistance level, where it at once too bounced back to the support line. After these movements, BNB made a strong upward impulse higher of the seller zone to the resistance line, thereby forming an upward pennant pattern. Then the price fell to the support line, which coincide with the support level, and a not long time ago bounced up and rose to the resistance line. At the moment Binance Coin trades near the support line and probably it can decline to the support line, and then bounce up to the resistance line. Also, I think, the price can break this line and make a retest, after which BNB can continue to move up, Therefore I set up my target at the 250 level. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
5
SasanSeifi 💁‍♂️BNB /USDT👉4H Hey there,✌ ◼In the 4-hour timeframe, the price is currently trading around the $246 range. The scenario we can consider in the 4-hour timeframe is as follows: If the support zone at $242/ $240 is held, we may witness price growth toward the resistance levels at $248 and $250. 💹 🔹To better understand the continuation of the price movement, we need to observe how the price reacts to the resistance levels. If there is buying demand, there is a notable possibility of further price growth in the medium term towards the levels of $253 and $258, and it is possible to see a higher high above the $250 price range. However, if the price breaks below the $242 support level, we can consider corrective targets at , $237, and $233.💹 ◼ It is important for the positive trend to continue that the price consolidates above the $250 resistance level.❗ ❎ (DYOR)...⚠️⚜️ 🔹Just keep these scenarios in mind as you analyze the market. Remember, things can always change unexpectedly, so stay flexible in your trading approach. 🔶Wishing you successful trading and profitable opportunities! If you have any further questions or require additional assistance, feel free to ask.✌ 🔹And if you found my analysis helpful, I would appreciate it if you could show your support by liking and commenting. Thank you! 🙌
by SasanSeifi
BNBUSDT - Price can bounce of resistance level and start to fallHi guys, this is my overview for BNBUSDT, feel free to check it and write your feedback in comments👊 After price bounced from resistance line of triangle, it fell below support area to support line, thereby breaking $255.0 level. Then price made upward impulse to resistance level and when price reached it, BNB bounced down to support level. Also, price exited from triangle and later started to rise inside rising channel, where recently it made a fake breakout. And now BNB trades near resistance level and I think price can grow to this level. As well then Binance Coin can start to decline to $240.0 level in rising channel. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Short
by WalterMoon
3
BNBUSD Crossed the MA50 (1d) and starting a new rally.BNBUSD is trading inside a Channel Down pattern and today crossed above the MA50 (1d) for the first time since May 8th. A (1d) candle closing over it, confirms the expansion of a rally that started on the same level (Support 1 at 220.00) as the December-January rally. Trading Plan: 1. Buy if a (1d) candle closes over the MA50 (1d). Targets: 1. 340.00 (Resistance 1 and same target level of Dec-Jan rally on a +53.50% rise). Tips: 1. The MACD (1d) can provide an additional take profit signal as a clear Bear Cross was the confirmation in February that a correction was starting. Please like, follow and comment!!
CRYPTO:BNBUSDLong
by TradingBrokersView
3
BNBUSDT - Price can fall to support level and try to break itHi guys, this is my overview for Binance Coin, feel free to check it and write your feedback in comments👊 Recently price bounced from support level, which coincide with support area, and made upward impulse to next level. After Binance Coin reached this level, price broke it and rose higher of resistance area and later started to decline in falling channel. Inside channel price broke $245.0 level and fell to past support level. Then Binance Coin bounced up of this level and a not long time ago made upward impulse higher of $245.0 level, thereby breaking it again. At the moment price trades near support area and I think it can bounce down to support level, which is located in support area. Also, possibly Binance Coin can break this level, make retest, and continue to decline to $240.0 If this post is useful to you, you can support me with like/boost and advice in comments❤️
Short
by WalterMoon
9
BNB looks ready for trend shift ?👀 🚀Binance Coin Today Analysi💎 BNB is poised for a significant shift as it has been exhibiting sideways trading behavior for the past month. Currently, it's trading in a high-demand zone, indicating a potential trend shift. 💎 Moreover, it maintains a robust stance above the 50-day Exponential Moving Average (EMA), and the Relative Strength Index (RSI) also stands above 50, both of which are bullish indicators that shouldn't be disregarded. 💎 Above, we have a supply zone, so it's anticipated that the price will likely mitigate this zone by capturing selling liquidity. 💎In the dynamic world of crypto, staying informed and adaptable is key. Stay tuned for more updates and enjoy your trading journey
Long
by MyCryptoParadise_Simon
Binance Coin BNBUSDT Price Analysis (4h)Greetings, fellow traders and investors of @TradingView 📈🚀 Today, let's dive into the analysis of Binance Coin (BNB) and explore its recent price action within a consolidating triangle pattern. 📊🔍 Over the past 34 days, Binance Coin has been consolidating within a triangle formation, indicating a period of indecision in the market. Notably, the prevailing trend leading up to this consolidation phase has been a downtrend. Typically, when a triangle pattern appears within a downtrend, it suggests the continuation of the downward momentum. However, it is crucial to acknowledge that the cryptocurrency market has exhibited instances where prices defied technical analysis expectations, emphasizing the need for vigilance. ✨ While it's important to consider the prevailing trend and the potential continuation of the downtrend, it's equally essential to remain open to alternative scenarios in the dynamic cryptocurrencies. Currently, the price of Binance Coin is hovering within the upper range of the triangle pattern, encountering resistance in the zone of $245 to $250. On the flip side, there is a support zone in the range of $235 to $239. These levels serve as crucial boundaries to monitor for potential breakout or breakdown. In the event of a bullish breakout from the triangle pattern, we can anticipate prices to target the next resistance zone at $270 to $277. Such a move would suggest a potential shift in market sentiment and bullish momentum. Conversely, should the triangle pattern break to the downside in alignment with the prevailing downtrend, there is a possibility of a breakdown below the $200 level . As previously analyzed in our BNBUSDT analysis, lower price levels may come into play as the downtrend continues. 🔍 It is essential to stay updated on the latest market developments and closely monitor the price action and key technical indicators for potential signs of a breakout or breakdown. Remember, trading and investing in cryptocurrencies involve inherent risks, and it's crucial to exercise proper risk management strategies and set appropriate stop-loss orders to protect capital. Wishing you successful trading and investment endeavors! 📊💰
B
by Vestinda
BNB/BTC Main trend in full. Channel. Pivot zone.BNB to bitcoin. Logarithm. Time frame 1 month. Idea for understanding the main trend, secondary trends. The accumulation and distribution zones of a given asset of the most liquid and popular exchange (this is the main thing, the direction of thinking of the masses at scale). Setting trends in the crypto market. Reaching the resistance of the inner channel (bull market 2021) and from it reversal. Now the price is at the support zone of the inner channel. The zone of the level 0.00744. The reversal zone. The percentages from it to the key support/resistance levels from which the further development of the trend will depend are shown on the chart. This is how the trend of this crypto coin with its own blockchain exchange Binance on a line chart looks. 📊 Trading pair to the dollar. with a more detailed description. BNB/USD Major trend in full.
by SpartaBTC
13
BNB/USDT Main Trend (part) Cup 150% Pivot Zones.The main trend (part). Timeframe 1 week. Cup 150% Reversal zone. A cup with a base of about 150% has formed in the secondary trend. The price is now at its resistance of 666. The 666 zone is an important reversal/trend continuation zone: 1) Not overcoming and formation of a horizontal channel (low probability). 2) Continuation of the trend (breakthrough and realization of the cup's targets), possibly through a flat in this resistance zone or through a small pullback - the formation of a cup with a handle). Coin in the coinmarketcap: Binance Coin Secondary trend. Timeframe 1 day. BNB/USDT Secondary trend. Resistance to previous highs.
by SpartaBTC
3
HelenP. I Binance Coin can continue rise after small correctionHi folks today I'm prepared for you Binance Coin analytics. A few days ago price bounced from the trend line and made a strong downward impulse to the support level, which coincide with the support zone, and even later declined lower. But soon, the price rolled up and rose to the resistance level, and then made a correction to the support level. Next Binance Coin rose higher of the resistance zone and at once made impulse down to the support level and a few time later declined below it. Then the price started to move up to the trend line, and after reaching it, the price bounced down to the support level. A not long time ago Binance Coin rolled up of support level and start to rise. I expect that price can make a little correction and then continue to rise to the trend line. When the price reaches the trend line, it will bounce a little down and then bounce up to the 250.0 resistance level, which is located at my target, thereby breaking the trend line. If you like my analytics you may support me with your like/comment ❤️
Long
by FirstNameHelen
7
Negative Signals and Potential Support LevelsDuring the past week, BNB experienced a lack of demand and faced significant negative reactions when it reached the resistance range of $248-254, specifically at the daily 0 Fibonacci level. This break in the short-term upward trend line indicates a negative signal for a potential decrease, suggesting a return to the support level at the bottom of the channel. As a result, there is a likelihood that Binance Coin may face selling pressure, leading to a retest of the support range around $224 (at the daily 1 Fibonacci level). Considering the downward trend in the daily timeframe, there is also a possibility that the price may break the bottom of the channel and reach the precise support level at $206. Until we witness a strong rebound and a breakthrough above the upper limit of the range channel, it is unlikely to expect a bullish mid-term trend.
by MonoCoinSignal
9
History will repeat? $182 or $110Monthly Chart Binance Coin ( BINANCE:BNBUSDT ) is trading around $236 now. It's dropped from $398.3 and in accumulating Look back to the history. I see two drops on Jan 2018 and Jun 2019, both of them has the same percent are about 83.64% and 83.89%. History usually repeats itself! I wonder how's about this time? Now, BNB/USDT in Descending Channel and it's support zones by Fib Channel (1.0) and last Swing Month Low $183.4 Supports can hold it and made it bounced back or Binance Coin will break down and drop to around $110. Wait and see
Short
by trieutv
BNBUSDT - Maybe price can bounce up, thereby exiting of channelHi guys, this is my overview for Binance Coin, feel free to check it and write your feedback in comments👊 A few days ago price declined below $255.5 level, which coincide in resistance area and fell to support line of triangle. Thereby BNB broke support level with area, but soon it made impulse up to resistance line. Next price declined to support line again and then rise to resistance level, exiting from triangle. Then price started to decline to support level and after it reached it, BNB at once bounced up and entered to rising channel. In channel, price reached resistance area again, but recently it rebound and fell to support line of channel. Maybe Binance Coin can bounce of support line and start to rise to $255.5 resistance level, thereby exiting of rising channel. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
11
BNB Possible Double Bottom Trading PlanTLDR: • BNB is on the verge of breaking out the range high in a possible Double bottom reversal. • Above the range high is a supply zone between 256 – 266 USD. • I consider this supply zone as another layer of resistance. • Wait for a retest of the range high as support and for green dots on the TTM Squeeze indicator before betting the farm on BNB. Background: • Between the 5th of June and the June 12th BNB lost 30% of its dollar value. • On June 12th, BNB reached the selling climax and set the range low at 220$. • On June 13th and 14th BNB rallied to make the range high at 252$. • On June 28th, BNB tested the range low as support. • Until today BNB wasn’t able to successfully break out of the range. Supply Zones: • BNB’s downward move was in a “drop, base, drop” pattern. This pattern created two supply zones above the range high. • The first supply zone is between 256 -263 USD. • The second Supply zone is between 274 -281 USD. • Until these supply zones are exhausted BNB’s uptrend can be challenged. Double Bottom Pattern: • A double Bottom is a bullish reversal pattern. • The double bottom is confirmed only after a break above the neckline. • It is not clear yet if we are in a range or in a double bottom. However, it makes no difference as far as the trading plan is concerned. Trading plan: • I am writing this trading plan assuming that we do have a double bottom and that BNB will break above the range high. If the breakout fails, I will look for another entry and update you. • Pay attention to the supply zone just above the range high. This supply zone will create bearish pressure on BNB and may push the price down, possibly below the range high. • Don’t buy the breakout. Buy the retest of the range high as support. • Take profit or move your SL before the second supply zone between 273 – 280 USD. • You mnust look at the volume candles to verify the breakout. A breakout on low volume is, most likely, doomed from the beginning. • You can use the TTM squeeze indicator (by Beardy_Fred) as confluence. Wait for the green dots as a sign that volatility is back. However, this is a lagging indicator. To make the best use of this indicator, check the LTF. Trade Idea: • Entry: 252 USD (only after a retest and green dot) • SL: 243 USD • Target: 308 USD • R: R: 1:5 • TP: 273, 208 NFA What do you think? Please share in the comments. Best wishes.
BINANCE:BNBUSD.PLong
by NewThoughtCrypto
HelenP. I Binance Coin can fall little and then make impulse upHi folks today I'm prepared for you Binance Coin analytics. A few days ago price bounced from 225 point to the resistance level, which is located inside the resistance zone. But in a short time, BNB declined below the support level to the support zone. Next, Binance Coin started to grow to the resistance level and even rose higher to the trend line, but at once price rolled down and made a strong downward impulse to the support zone. Price some time traded close to this zone and later declined lower it. Then the price started to move up and a few time later reached the resistance zone, which coincide with a trend line, thereby breaking the support level with the zone, but also recently BNB fell below, where it continues to trade. I expect that price can decline a little and then bounce up to the trend line. As well maybe BNB can break this line, make a retest and bounce higher of resistance level. For this reason, I set up my target at 252.5 level. If you like my analytics you may support me with your like/comment ❤️
Long
by FirstNameHelen
2
BNBUSDT at monthly support, likley to head to 261 and 306The green zone marked on the chart is the confluence of monthly, weekly and daily supports. Therefore, it presents a very strong support area for the price to hold. Even during the brutal drop the price experienced a few weeks back, this is the zone where the price held and bounced back. Then there was a dip into this zone again to retest that area and now it is bouncing again from that zone. I believe the price is heading for the daily resistance DR1 zone first where it may experience some pullback and then head for the weekly resistance WR1. There might be some struggle at daily resistance DR2 zone but I believe that would not be significant in case price reaches there.
Long
by angela_altair
Binance Coin can bounce of resistance level and start to fallHello traders, I want share with you my opinion about Binance Coin. By observing the chart we can see how the price bounced from the support line, which coincides with the buyer zone to the resistance line, thereby breaking two levels. After this, the price made a strong downward impulse back to the support line, declining below the 241.5 level. Next BNB some time traded between support and resistance lines, and after one more time correction, it bounced up to the resistance line of the pennant, thereby breaking past the resistance line. Inside the pennant, the price very much declined to the support line, which is located below the buyer zone. But a not long time ago BNB roll up and started to rise and recently even exited from the pennant and now trades close resistance level. I think Binance Coin can bounce down of this level and then start to fall. For this reason, I set up my target at the 235 level. Please share this idea with your friends and click Boost 🚀
Short
by LegionQ8
7
What do I do with BNB?TLDR: • Although the bearish pressure on BNB is reduced. It is not yet clear that the downtrend is finished. • To confirm a trade reversal, I will wait for a long signal from the TTM Squeeze indicator. Background: • BNB is in a continuous downtrend since the 17th of April 2023. • Fundamental news regarding Binance US has exacerbated BNB’s situation and increased the downside momentum. • Since June 11th selling pressure has somewhat reduced but momentum is still on the downside. • If we disregard the wicks, in the past 18 days BNB is moving in an 8% price range. • This high level of compression is displayed by the TTM Squeeze indicator by the orange dot. The orange dot means the highest level of compression (Keltner channel inside the Bollinger band). Will BNB’s compression lead to a trend reversal? • The truth is I don’t know. Nobody does; especially not the trading gurus on YT and CT. • However, I think that liquidity is to the upside, not down. IMO, candle wicks are the footprint of the MM. Wicks could indicate that MMs are building long positions. The only problem is that I cannot negate another quick move down to shake out the traders that already took long positions. So, what do we do? We don’t have to do anything. We wait. Wait For what? Trend reversal. A long signal. How will I know that the trend changed? 1. Bullish RSI divergence. 2. The TTM squeeze indicator is a big help in such a situation. Once the TTM Squeeze histogram moves above the zero line and green dots appear, it’s a sign that volatility is returning. 3. I will also look out for a high-volume green candle and a strong price move away from the range. Next Support levels: 205 USD. 183 USD. Resistance: 240 USD. 250 USD. 260 USD. NFA What do you think? Please share in the comments. Best wishes.
BINANCE:BNBUSD.P
by NewThoughtCrypto
BNBUSDTHello Crypto Lovers, This is a 1D frame analysis for BNBUSDT After the initial support line was breached, the price was able to move slightly higher and we expect it to form a double bottom pattern and start to move towards the first resistance line. Keep in mind that if the price is able to remain above the support line with a positive candle, then we can expect further upside. However, if it breaks below the support line completely and closes there, then we can consider a deeper correction. But our priority is the double bottom pattern. Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions. Take care
Long
by MarsSignals
Unstoppable BNB Bulls to $400 from $250? Explosive Ride!Bulls are coming, $400 BNB loading.....Don't be deceived by the quietness surrounding BNB while other altcoins are pumping. This pump coming seems to be extraordinary, and it's a chance you wouldn't want to miss. Well sit tight for this one, If you want to join the BNB bulls ship before it sails, here is a free signal to get on board quickly if you read to the end you get free entry, stop and take profit but don't forget to click the boost button to support us if you agree and comment if you disagree. Chart Analysis: According to MT Pandora's Box, The current support level on BNB around 245 to 250 indicates a potential breakout on the 4-hour chart. A higher low formation suggests a 65% chance of a bounce towards the resistance range of 263 to 268. If the bulls maintain dominance, further targets could reach 300. It is advisable to buy incrementally as the breakout is pending, considering the high volatility of BNB's price. The price may experience back and forth struggles, but once the breakout occurs, it could skyrocket to 409 to 569 if extended. The market sentiment suggests that the bulls are unstoppable, and missing out on this opportunity would be a mistake. Here at MT traders, we have already started accumulating BNB at around 237. While it is uncertain if $500 will hold them, it's wise not to be too greedy with the take profit target Moreover, the weekly chart shows a highly bullish market sentiment, and even a slight range entry by BTC could trigger more altcoins to break out, including BNB. I will be constantly updating this post, so I encourage you to come back and check for updates. It's still a great opportunity to buy before it's too late. If you agree with this idea, please follow and click the "like" icon under this post. If you disagree, please comment below stating your reasons. 📈 🚨 #FREE MT BNB LONG TRADE SIGNAL 🚨📈 👉 🧿 ASSET: CRYPTOCAP:BNB (BNB/USDT) 👉 🧿 ACTION: LONG 👉 🧿 1st ENTRY PRICE: $248.3, $252, $254.5 👉 🧿 STOP LOSS: $226 (Risky stop 237) 👉 🧿 1st TAKE PROFIT: $268, 2nd Tp: $300 (extended TP: , $468, $590) Remember to trade responsibly and always do your own research. Happy trading! 📈🚨
Long
by MachiavelliTrader