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BNB

BNB high buyer activity! LONG up to 262 ⬆️LONG #BNBUSDT from $254.5 Instrument formed a sideways movement, we see that buyer activity remains at a high level, impulse drops are quickly bought off, trading volumes are locally as high, there is an excellent price compression under the formed cascade of levels, the breakdown of which I will consider in the near future, with the acceleration of the price in the breakdown, I expect to see a continuation of the long to the two potentials marked on the graph
Long
by CScalp_EN
Binance Coin can rebound up from upward pennant to 260 levelHello traders, I want share with you my opinion about Binance Coin. By observing the chart, we can see that the price a few days ago started to rise in an upward channel, where it first broke the 228 support level, which coincided with the buyer zone. Some time ago, BNB made a correction to the support line of the channel and then bounced to the resistance line. After this, the price rebounded and fell to the 228 support level, which coincided with the support line of the pennant, thereby exiting from the channel. Next, the price rebounded from this line and made a strong upward impulse to the resistance line of the pennant, breaking the 245 level. Also then, BNB corrected to the support area and a not long time ago continued to rise near the support line of the pennant. And now, I think that Binance Coin can rebound from the support line and rise to the resistance line of the pennant. After this, BNB can break this line, thereby exiting from the pennant and then continuing to move up. For this case, I set up my target at the 260 level. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
Bitcoin - Will the price continue to fall?Hello trader! Today I have a new idea for you. Like and subscribe to the channel, there is a lot of useful information there.✅ Thoughts on the BTC chart Let's start in order: technical: it is clear that with this decline of 3500 points, the “bulls” are clearly trying to mark their zone. The last two “lows” are in the $40,200 zone, which indicates the interest of a major player in BTC. But there is a feeling that the bears will show their strength, and we will see continued pressure towards stronger support zones, for example, $37,800-$37,100. Last time my intuition was right and we saw a decline (post above about BTC). Let's see how it goes this time. For now I'm sticking to this plan: If the buyer shows strength and begins to raise the price again towards the local high of $44.766, I will consider a short position around this zone. If we see continued pressure from the seller, then I will expect the BTC buyout price in the zone of $37,800-$37,100. At the moment I don’t want to gain a position in this middle; I think there are increased risks here. I closed some alts (I wrote about this above), and left only a few projects: ▪️DYDX +4% (5X) ▪️DOGE +42% (10X) ▪️BNB +12% (10X) ▪️WAX -1.7% (3X) For now, I remain in the market this way, and if we see a correction, perhaps I will consider other projects to replenish my portfolio. Good luck to everyone and respect the risks
BINANCE:BTCUSD.P
by DanilBlinkov
Exciting times for Bitcoin as it hits the April 2023 high!Exciting times for Bitcoin as it hits the April 2023 high! While the momentum is strong and there's potential for further growth, it's wise to stay vigilant. A correction could be on the horizon amidst this bullish wave. Stay informed and be prepared for possible shifts in the market. Did you find this crypto market analysis helpful? Stay updated about the latest crypto market update. Please continue to follow my analysis and feel free to ask any queries, you may have. I am here to assist you. TradingView: @FarmanBangashh
CRYPTO:BTCUSDLong
by frmnCapital
🌟🔍 Binance Coin (BNB) in a Critical Zone 📉💠 🚨 BNB's Risky Range: Binance Coin (BNB) is currently in a precarious range between $241 and $205. Its position within this zone could significantly impact the broader digital currency market. 📉 Lack of Support Below $205: There is almost no static support below the $205 level. A fall below this point could lead to undesirable market consequences. 📈 Potential Upside Movement: As long as BNB remains within this box, an upward movement could positively influence the altcoin market. However, reaching the box's upper limit of $241 could hinder the growth of other altcoins. 🛒 BNB Buying Strategy: Consider buying BNB after it crosses $241, with a stop loss around $200, which represents a risk of approximately 20%. 🔻 Downward Movement Impact: A downward trend in BNB could lead to a drop in altcoin values. I'll discuss the implications of BNB falling below $205 in more detail later. 💡 Personal Approach: I plan to wait and buy BNB after it surpasses $241 and then hold. 🔍 Key Resistance Ahead: An important resistance to watch is at $350. Beyond this point, there is no significant resistance. 🔑 Related Categories: Binance Coin Analysis Market Impact and Strategy Support and Resistance 📣 How are you navigating BNB's current position? Do you see an opportunity or a risk? Share your insights! 💬🌐 #BNBAnalysis #CryptoMarketImpact #TradeCityPro 📚 Remember: Cryptocurrency trading is highly speculative and risky. Always conduct your own research and consider your financial goals and risk tolerance! 🧠💼
by tradecitypro
14
BNB: Approaching SupportBinance (BNB) technical analysis: Trade setup : Trends are mixed. Following a bullish breakout from Sideways Channel, price reached our target of $260, where it got rejected again, just as it did in July. Swing Traders: Pullback near $220 support area could be an attractive swing trade entry, with upside back to $260 near-term. That $220 level was previously a resistance area, which was broken and turned into support area (concept known as polarity). Trend Traders: Price needs to break above 200-day moving average and $260 resistance zone to confirm Uptrend. If it does, it could revisit $300 next. Trend : Downtrend on Short- and Medium-Term basis and Uptrend on Long-Term basis. Momentum is Mixed as MACD Line is below MACD Signal Line (Bearish) but RSI ~ 50 (Neutral). MACD Histogram bars are rising, which suggests that momentum could be nearing another upswing. Support and Resistance : Nearest Support Zone is $220 (previous resistance), then $200. The nearest Resistance Zone is $260, then $300.
Long
by altFINS
BTCUSD → Pre-breakdown consolidation near resistance COINBASE:BTCUSD looks confident enough to continue its growth. The fundamental background and market expectations continue to support high interest in the flagship of the crypto market. Bitcoin practically does not react to the news related to the Binance case, the local decline was quickly bought out and the market performs another retest of resistance, while one of the largest crypto exchanges withdraws huge money. Bitcoin on the global chart has entered a new bullish range, the support of which is the area of 34000-36000, the target of range trading is the area of 42000-44300, then the maximum of 48234 plays a psychological role, because behind this area there is a huge pool of bearish liquidity. In terms of technical analysis we see the formation of ascending triangle on the background of global bullish trend. The pattern is formed at the resistance of the ascending channel. Consolidation is gaining potential for the formation of the movement, if the fundamental background remains as strong in the near future, the market will try to realize the potential of the ascending triangle. A breakout of the resistance area will bring prices to a new level and in this case it will only accelerate the growth of bitcoin value. The breakout of the resistance of the ascending channel in the area of: 37600 - 38000 - 38500 will form the potential for growth towards 40600 and 44350. Reasons why we expect growth to continue: - Strong bullish trend - Strong fundamental background - There is no proper reaction to the retest and false breakdown of resistance, the price does not fall, but forms a local correction, within which it cannot even update the local minimum. - Consiliation is formed and the price is pressed to the resistance. Support levels: 35700, 35000, 34500 Resistance levels: 37500, 38000 In the future, I expect the continuation of growth and a breakthrough of resistance on the next retest. Targets are indicated on the chart CRYPTOCAP:TOTAL CME:BTC1! CRYPTOCAP:BNB Regards R. Linda!
BITSTAMP:BTCUSDLong
by RLinda
8
BTC & Most Alts Look ☀️, Yet, BNB Faces ☁️ - Downward Trend A bullish sun ☀️ continues to dominate the skies over the global crypto market in the next 24 hours, indicating further upside potential for Bitcoin, Ether, and many altcoins. These bullish conditions will persist over a one-week horizon, according to ATTMO. Exceptions are Avalanche, Binance Coin, and Uniswap which will face bearish clouds ☁️ and downside risk in the next 24 hours, as well as Ripple’s XRP and Uniswap over the coming week. Folow us for more crypto weather reports!
by ATTMO
Binance Coin(BNB): Dumping While Market is Pushing? 👀 The BNB/USDT pair on the daily chart shows a failed attempt to push higher, indicating a potential reversal. The market seems to be reacting to news about Binance's founder, which could be influencing trader sentiment. The Price is now staying below 100EMA, showing us the strong overweight of bearishness (thanks to that failed attempt to push) The path ahead for BNB may be choppy, with potential downward movements, but we need to have strong support from where we could see some sort of bounce (or some kind of positive news that could push prices out of this downward movement).
Short
by SwallowAcademy
2
BTC repeating history again? Hey everyone, let's talk about Bitcoin! Remember back in June 2019 when Bitcoin really took off and hit that special 65% mark, known as the golden pocket? Now, it looks like Bitcoin might be getting ready to do something similar. We're seeing signs that it could reach the golden pocket again, which this time means hitting around $50,000 before we begin the next bearish retracement. Which could be idk, $28,000ish and maybe a swing lower than a buy back up? Perhaps. Lets see...
by SavvyEvelynCharts
Binance Coin can exit from triangle and then rebound to 245Hello traders, I want share with you my opinion about Binance Coin. Observing the chart, we can see that the price a few time ago traded near the 224 support level, which coincided with the buyer zone and later BNB declined to this zone, after which it rebounded and made impulse up to the 245 resistance level. When the price reached this level, which coincided with the seller zone, BNB broke it and started to trades in range. After the range, Binance Coin made an upward impulse to 272 points, thereby exiting from the range and entering to triangle, where it at once rebounded from the resistance line and made a strong downward impulse to 224 support level. Also, the price broke the 245 level again, and after impulse down, BNB rebounded from the support level and tried to rise, but failed and made a correction. Then it bounced to the resistance line of the triangle and recently price rolled down from it and now trades near. In my mind, Binance Coin can decline a little more and then rise to the resistance line. Next, the price can break this line, exiting from the triangle, and make a retest. After these movements, the price can bounce from this line and continue to move up to the resistance level. For this reason, I set my target at the 245 level. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
2