BNB
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: 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.
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!
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.
NgaTiger chart looks bullish (?)Hello all, I noticed some tweets about "NgaTiger" , the owner gifted the project to the community at the new year. Contract has been renounced so nothing can be change on the contract anymore and liquidty has been burnt, it means nobody can take back the liquidity until forever.
NgaTiger daily chart looks bullish, it is having very low marketcap (currently 50K!!), community is active and it can go to the moon with some extra buys. Please DYOR! Not Financially Advised.
You can buy NgaTiger via Pancakeswap.
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 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/BTC - BNB: BBand Breakout◳◱ On the $BNB/ CRYPTOCAP:BTC chart, the Bband Breakout pattern suggests an upcoming trend shift. Traders might observe resistance around 0.007471 | 0.008373 | 0.009799 and support near 0.006045 | 0.005521 | 0.004095. Entering trades at 0.006764 could be strategic, aiming for the next resistance level.
◰◲ General info :
▣ Name: BNB
▣ Rank: 5
▣ Exchanges: Binance, Kucoin, Gateio, Hitbtc
▣ Category/Sector: Financial - Smart Contract Platforms
▣ Overview: Binance Coin is digital asset native to the Binance blockchain and launched by the Binance online exchange.
◰◲ Technical Metrics :
▣ Mrkt Price: 0.006764 ₿
▣ 24HVol: 484.147 ₿
▣ 24H Chng: 7.45%
▣ 7-Days Chng: 14.59%
▣ 1-Month Chng: 51.24%
▣ 3-Months Chng: 91.56%
◲◰ Pivot Points - Levels :
◥ Resistance: 0.007471 | 0.008373 | 0.009799
◢ Support: 0.006045 | 0.005521 | 0.004095
◱◳ Indicators recommendation :
▣ Oscillators: NEUTRAL
▣ Moving Averages: STRONG_BUY
◰◲ Technical Indicators Summary : BUY
◲◰ Sharpe Ratios :
▣ Last 30D: 8.06
▣ Last 90D: 4.83
▣ Last 1-Y: 0.98
▣ Last 3-Y: 0.63
◲◰ Volatility :
▣ Last 30D: 0.56
▣ Last 90D: 0.54
▣ Last 1-Y: 0.46
▣ Last 3-Y: 0.79
◳◰ Market Sentiment Index :
▣ News sentiment score is N/A
▣ Twitter sentiment score is 0.58 - Bullish
▣ Reddit sentiment score is 0.95 - V. Bullish
▣ In-depth BNBBTC technical analysis on Tradingview TA page
▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated!
◲ Disclaimer
Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk.
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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 🚀
BNB/USDT 1HInterval CHart ReviewHello, I invite you to review the current situation of BNB in pair with USDT, taking into account the one-hour interval. Let's start by identifying the local uptrend channel using the blue lines.
Let's start by determining support, and here, after using the trend based fib extension tool, you can see how the price approached the support at $410, and then it is worth defining the support zone from $395 to $387.
Looking the other way, you can see that the level of $427 still remains a strong resistance, but the price may increase further to around $449.
The RSI indicator shows that we have crossed the support line below, which may result in a further decline, and the STOCH indicator shows that we are moving at the lower limit, but with the possibility of a continuation of the correction.
HelenP. I BNB can repeat movement down and then continue riseHi folks today I'm prepared for you Binance Coin analytics. If we look at the chart we can see how the price some time ago entered to upward channel, where it at once declined to the trend line, which is the support line of the channel also. After this, BNB rebounded from this line and rose to support 2, which coincided with the support zone and soon broke it, after which made the small correction and continued to move up in the channel. But soon price fell again to support 2, and at once made a strong impulse up to support 1, which coincided with one more support zone and tried to break it, but failed and declined to the trend line. After this movement, BNB started to rise close to the trend line and soon price broke support 2, and a not long time ago rose a little higher than the support zone. Now, the price trades near this zone and I expect that Binance Coin will repeat movement down to the trend line and then rebound up and continue to rise in an upward channel. For this case, I set my target at the 433 level.If you like my analytics you may support me with your like/comment ❤️
BNB: Resistance BreakoutTrade setup : Price remains in an Uptrend. After consolidating in a Bullish Flag pattern, price broke out in the direction of the existing Uptrend and above $400 resistance to signal resumption of Uptrend with +10% upside potential near-term to $450. Stop Loss (SL) at $387.
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 $350 (previous resistance), then $300. The nearest Resistance Zone is $400, which it broke, then $450.
Will BNB try to break out?So, after 693 days BNB has reached the upper resistance of this huge channel and considering the bullrun has barely begun this will breakout. Also because Binance want his coin to fly so they'll deploy liquidity! And to be honest I'd be happy if they did because Binance ecosystem is really useful. The BSC is super cheap, I've been using it many times, I know it's not fully decentralized but at the end of the day I really don't care, I'm here to make profit not for the philosophy.
In case of breakout this is how I'd see this playing out (only pay attention to the trajectory, not the time):
Going back to W timeframe the RSI seems to be too much overbought but if OBV breaks out this should still fly. I wouldn't expect great ROI from BNB, it has a huge Market Cap, it'd be hard to do more than 3-4x to be honest, maybe less. In the short period, if OBV doesn't breaks out I expect a retracement!
Well that's it, I'm not trading it, I only use it to buy on the BSC. Use my TA as you like.
Good luck
BNBUSDT - Price can leave pennant and rise to $430 pointsHi guys, this is my overview for BNBUSDT, feel free to check it and write your feedback in comments👊
Recently price trades near support level, but later it declined to support area, where BNb entered to pennant.
Then price made strong upward impulse from support line of pennant to $387 points, thereby breaking $350 level.
BNB made little correction and then continued to grow to next support level, which coincided with one more support area.
Later, price broke this level too and rose to resistance line of pennant, but in a short time later it declined to support line.
Soon BNB bounced of support line and rose back to resistance line, breaking $405 level, where continues trades near.
Now, I think Binance Coin can fall to support level and then bounce up to $430, exiting from pennant.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
Hey Guys, Insider here.Like it or not, but history always repeats itself.
Banks and goverments always will be letting you down.
You're always will see more people trusting btc instead.
Dollars will always go down. Even if sometimes they will go up a lil bit coz of rate hikes in 2023.
Bulls always will be winning. They believe in constant evolution. This is inevitable (until it's not though)
Pigs always will be driven by emotions and fears.
Bears always will be crushing a party, but Bears lives are short.
Scammers always will scam and get jailed. Shitcoins always will be full of shit, unless a few one. Elon Musk will never reach Mars.
You're will keep working in MCD. Justin Sun will be always screwing your wife.
It is what it is.
BNB/USDT Keep an eye on Bullish Flag, Break or rejected ??💎 BNB has recently experienced significant developments in the market. It is currently exhibiting a Bullish flag pattern, which is considered a bullish continuation pattern.
💎 If BNB successfully breaks out of this pattern, there is a probability of a continued upward movement in price, with the potential to reach our target strong resistance area.
💎 However, if BNB fails to break out of the pattern, there is potential for the price to decline and return to retest the support area to establish new momentum. In a more bearish scenario, BNB could even drop back to the demand area around 266.
💎 The demand area is critical and would require a bounce to support the continuation of the upward movement. If BNB remains in a sideways trend with weak volume, this could be a concerning sign, as it may lead to a loss of demand or a breakdown of the area.
💎 In such a scenario, BNB would revert to a downward movement, and the support trendline would also be breached, potentially taking the price back to the strong support area.
Will Binance Coin beat the Resistance line soon?30-min chart, BNB/USDT has a tendency to rebound to the Resistance line R - at around 361.5
Currently, it is trading in a a falling channel - between R and S lines.
Clear crossing and closing above 362 for 3 candlesticks will push the price to 377.8 - then extending to 389.1
Stop loss below Support line S