BNB
BNB, Silence is deafening.. low key preppin BIG MOVES at bottom.BNB has somewhat been abandoned in terms of price growth in comparison with its big coin peers alongside other alts. It has stayed at the bottom range for quite sometime. A low key reversal maybe on queue that will be missed by majority.
On our weekly data, BNB has tripled bounced on a solid order block at 220-240 range. This has been visited many times and it keeps bouncing off it for the past 12 months. This range is firm -- and a huge bounce maybe warranted after a few tries already.
Increasing volume has been spotted this past few days with numbers surging +20% from its average numbers.
The coin is currently sitting just above 78.6 FIB LEVEL -- a bargain that can't be missed.
Histogram higher lows is being registered conveying of that a long term trend shift is about to materialize. A bubble up volume (bottom indicator) has finally appeared after 3 months -- since April 2023.
If you missed the LTC, ETH, BTC bull train, BNB is kind enough to give you a chance.
Spotted at 245
TAYOR.
Safeguard capital always.
BNB will repeat XRP drama with SECBINANCE:BNBUSDT
This is a chart of BNB
Green box its a monthly gap, By weekly fib we have to came in to -0.27 zone (and 50% between 0.18 and 0.27 its exactly the size what BNB can drop) why? Just if we repeat same story what we already saw between XRP and SEC in 2020.
It's just mind blowing if the history repeat!
Here is how it playing out last time with XRP
After SEC files Xrp drop around 66% down and in 113 days reach new ath and over 1000%
Honestly I dont think we will see new ATH for Bnb this year in September but everything possible
Just compare 2 charts What do you think about it?
ALTS That are INCREASING as BTC Dips1) NOTUSDT BINANCE:NOTUSDT
Great bounce from the support, RSI bottoms:
strong in the 4h:
2) RUNEUSDT KUCOIN:RUNEUSDT
From the 1h up to the daily, it seems as though RUNE is increasing after establishing a bottom of being oversold:
3) AVAXUSDT BINANCE:AVAXUSDT
AVAX makes a turn around after bottoming out in the buyback zone:
4) BNBUSDT BINANCE:BNBUSDT
BNB up 20 % in two days as buyers scoop up lower prices:
5) JUPUSDT BINANCE:JUPUSDT
JUP increases 16% in one day:
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BNB roadmap (1D Time Frame)From where we placed the red arrow on the chart, the correction of BNB has started.
This correction looks like a large triangle whose wave D has recently ended.
The green area is where wave E can end and price can enter post-triangle movements.
Closing a weekly candle below the invalidation level will violate the analysis
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
BNB - Potential rebound expected after correction#BNB/USDT #Analysis
Description
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+ BNB currently trading around 510 with the next target around 455 range support.
+ If the support holds then we can expect to bounce back from the 455 zone, with the next resistance is around 575
+ Wait for the correction before entering, you can put a limit order around 460
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VectorAlgo Trade Details
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Entry Price: 460-500
Stop Loss: 410
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Target 1: 550
Target 2: 595
Target 3: 670
Target 4: 750
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Timeframe:3D
Capital Risk: 1-2% of trading amount
Leverage: 5-10x
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Enhance, Trade, Grow
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Feel free to share your thoughts and insights.
Don't forget to like and follow us for more trading ideas and discussions.
Best Regards,
VectorAlgo
Bitcoin Update | Is bitcoin following 2023 chart? Bitcoin Update
(Weekly-TF)
Is bitcoin following 2023 chart?
In 2023,
-Major Supply was $GETTEX:23K-25k, 2 Times rejected from there.
-In Q1, BTC brokeout the Resistance/Supply!
-BTC pumped $16K to $31K. Almost +90% pumped.
-Flipped the supply & tested it 2 times as a support.
-Total '7 Months consolidation : 30K to 25K
-BTC formed a mega bullish ''Flag Pattern''
-Flag brokeout in Q4 (Oct Month)
-Started the 3rd wave bull rally in Q4.
In 2024,
-Major Supply : $63-57k, 2 times rejected from there.
-In Q1, BTC brokeout the Resistance/Supply!
-BTC pumped GETTEX:39K to $74K. Almost +90% pumped.
-Flipped the supply & tested it 2 times as a support.
-Total 5 Months consolidation till now : $70k to 60k
-BTC forming a mega bullish Flag Pattern!
what next? 🤔
Like 2023,
- btc may consolidate 2 more months of Q3 (Aug-Sep)
- we may see the Flag will breakout in Q4 (Oct Month)
- will start the 5th wave bull rally in Q4
It is just a speculation, there is no guarantee that what happened in the past will happen in the future. #DoYourOwnResearch
If you like the Update, please boost & follow! Thanks.
Key Resistance and Bearish SignalsKey Factors Influencing BNB Price
1. Technical Indicators and Their Implications:
The MACD is neutral, but the histogram at -1.5 and the MACD line at -1.7 indicate slight bearish momentum, suggesting caution.
With %K at 21.02 and %D at 23.04, the Stochastic Oscillator indicates oversold conditions, suggesting a potential for a short-term rebound.
The RSI is at 40.48, indicating that BNB is in a bearish zone, but not yet extremely oversold.
2. Price Trends and Resistance Levels:
Potential Market Scenarios
Bullish Scenario:
A break above the local resistance at $594.4 could lead to further upward movement, potentially targeting the dynamic resistance around $593.5 and beyond.
Bearish Scenario:
If BNB fails to break above the local resistance, it could retest the support levels at $569.2 and potentially fall to the dynamic support level at $573.1. A break below $569.2 could signal further declines.
Conclusion and Market Outlook
BNB is currently positioned with significant support and resistance levels to watch. The neutral MACD and overall market activity suggest caution, as the potential for bearish movement exists. Monitoring the key resistance levels and potential support levels is crucial for making informed trading decisions.
Trade Setup: BNB Long PositionMarket Context:
BNB started the week above the weekly pivot, with an inside pivot pattern that often leads to explosive moves.
The trade focuses on entering near the pivot at a support zone, with a strategy to move the stop loss to break even if the price moves 2-4% from entry to prevent losses from manipulation.
Trade Parameters:
Entry: Enter a trade between $580.55 - $576.55.
Take Profit:
First target: $605.25
Second target: $633.05
Stop Loss: Set at a candle close under $572.90
Risk Management:
If the price moves 2-4% from the entry point, move the stop loss to break even to manage risk effectively.
📊 Monitor the price action and adjust your trade based on market conditions. Prioritize risk management and be cautious of any signs of reversal or manipulation. #BNB #CryptoTrading #TradeSetup 🎯
BNBUSDT.1DIn my detailed technical analysis of the BNB/USDT chart, I've assessed the price movements and identified several critical technical indicators that provide a clear picture of Binance Coin's current trading environment and its potential future trajectory.
Technical Overview:
As of the latest data, BNB is trading around $584.9. It's up slightly by 0.69% on the day, with the chart showing a resilient uptrend over the past few months, highlighted by the ascending trendline.
Key Technical Indicators:
Support Levels:
S1 ($498.1): This level has provided strong support throughout recent price movements. The price rebounding off this level has reaffirmed its significance as a strong base for BNB.
S2 ($359.5): This level is much lower and would likely come into play only in a significant market downturn.
Resistance Levels:
R1 ($644.8): This is the immediate resistance level facing BNB. It has acted as a stiff resistance point recently, with the price failing to break and hold above this level multiple times.
Moving Average Convergence Divergence (MACD):
The MACD line is above the signal line but very close, indicating a potential cooling off of the bullish momentum. However, the histogram is still in positive territory, suggesting that the upward trend might still have some energy left.
Relative Strength Index (RSI):
The RSI is at 55.03, which is neither in the overbought nor oversold territory. This suggests a balanced market sentiment with potential for either direction, though it leans slightly towards bullish sentiment without immediate risk of reversal.
Chart Patterns:
The ascending trendline from the lows of early 2024 acts as a dynamic support, guiding the uptrend. This trendline is critical; as long as the price remains above this line, the bullish outlook remains valid.
Conclusion:
The current setup in the BNB/USDT pair is cautiously optimistic. The maintenance of price above the ascending trendline and S1 at $498.1 is pivotal for sustaining bullish momentum. My focus will be on the $644.8 resistance level. A decisive breakout above this level could propel BNB towards new highs, potentially retesting the all-time high near $721.8.
Given the current market conditions, traders should consider a strategy that allows for flexibility in response to price actions near these key levels. Setting stop losses slightly below S1 could help mitigate risks in case of sudden bearish reversals. As always, staying updated with any broader market news or changes in crypto regulations is crucial for adjusting strategies promptly.
BNB-USDT 1D Hello everyone, I invite you to review the BNB to USDT chart on a one-day time frame. As we can see, the lines of the main upward trend and the downward trend intersect, creating a triangle in which the BNB price remains.
Let's move on to determining support and here, after decomposing the FibRetracement tool, we see support at $548, then we have strong support at $513, and then very strong support at $455.
Looking the other way, we will define the resistances in a similar way and here we can see how the price has approached a very strong resistance around $620, only when we manage to go up from it we will be able to see an increase to around $723.
$BNB to retest $700 ATH, $1k? RocketBinance token is poised to smash through its recent ATH of $700. Rivaling NASDAQ:NVDA YTD performance- with none of the momentum risk.
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Will BNBUSDT Crash Through Support? Key Levels You Can't Miss!Yello, Paradisers! Have you been keeping an eye on Binance Coin (#BNB)? Our latest analysis suggests a critical moment is approaching. Let’s dive into the details.
💎#BNBUSDT has been trading within a symmetrical triangle pattern on the 1D timeframe. Previously, We've observed a failed breakout which reinforces a bearish bias. Currently, #BinanceCoin is retesting the symmetrical triangle's lower support level, and there is a possibility that it might drop further.
💎The diminishing trading volume and POC of VRVP acting as resistance increases the chances of further drop. If #BNB fails to hold the support at the symmetrical triangle's lower boundary, it's likely to retest the Bullish Order Block (OB) around $460.3.
💎However, if CRYPTOCAP:BNB fails to hold at $460.3, the next support level to watch is at $422.9. This area is packed with liquidity and can create a good chance of pullback if tested.
💎On the contrary, If the symmetrical triangle's lower support level holds well, we could see the bulls taking control, leading to a bullish rally. The overall market sentiment and Bitcoin's movement will significantly influence #BNB's price action, so keep a close eye on these factors.
If you want to be consistently profitable, you need to be extremely patient and always wait for high-probability trading opportunities.
MyCryptoParadise
iFeel the success🌴
BNB/USDT 1D Long TimeBNB is fighting to break out of the falling channel on top, it is currently struggling with the upper limit of a specific channel, as you can see, breaking out of the downtrend line with the top gave a strong upward signal.
Resistance lines are visible just above the upper border of the downtrend channel, while the next significant resistance levels are $666 and $724.
However, if the price is rejected and we experience declines again, we can see the first support zone from $564 to $544, then we have support at $509, and then the second very strong zone from $486 to $454.
BNB Eyes Bullish Breakout: Price Attempts Upward TrajectoryThe price of Binance Coin (BNB) is currently exhibiting interesting technical signals on the 4-hour chart, hinting at a potential bullish breakout. This analysis delves into the current price action, focusing on the 100-day Simple Moving Average (SMA) and the established bullish trendline, to gauge BNB's future trajectory.
100-Day SMA: A Benchmark for Momentum
The 100-day SMA acts as a crucial indicator of long-term momentum in the market. It represents the average closing price of BNB over the past 100 days, smoothing out short-term price fluctuations and revealing the underlying trend. Currently, the price of BNB is trading above the 100-day SMA, signifying a potential shift towards a bullish uptrend.
This position above the 100-day SMA suggests that the overall buying pressure for BNB is outweighing the selling pressure. Traditionally, a sustained move above this key moving average is often interpreted as a bullish signal, indicating that the long-term trend for BNB may be positive.
Bullish Trendline: A Guide for Direction
The 4-hour chart also reveals the presence of a bullish trendline. This line is formed by connecting a series of higher swing lows on the price chart, highlighting the overall uptrend direction. In an ideal scenario, the price should respect this trendline by finding support at its touchpoints.
The analysis points out that BNB has previously attempted to break above this bullish trendline, but faced selling pressure that resulted in a pullback. However, the recent price action suggests a renewed attempt to reclaim this uptrend. This retest of the trendline is a critical juncture, as a successful breakout could signal a continuation of the bullish momentum.
The Importance of Confirmation
While the current technical indicators are promising, it's crucial to emphasize the importance of confirmation before drawing definitive conclusions. Here's how confirmation can be established:
• Volume: A surge in trading volume alongside the breakout from the trendline would provide stronger validation of the bullish move. Higher volume suggests increased participation from buyers, reinforcing the uptrend.
• Technical Indicators: The convergence of other technical indicators, such as the Relative Strength Index (RSI) or the Moving Average Convergence Divergence (MACD), with the bullish signals on the chart can bolster confidence in the breakout.
Looking Ahead
The confluence of the price trading above the 100-day SMA and the retest of the bullish trendline paints a potentially optimistic picture for BNB. If confirmed by increased volume and supportive technical indicators, this could lead to a sustained price increase in the coming weeks.
However, it's important to acknowledge that the cryptocurrency market remains volatile, and unforeseen events can trigger price reversals. Continuing to monitor market developments and incorporating additional technical analysis is essential for making informed investment decisions.