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BNB short currently sideways BNB, BNB could hit $448.23 in 2023 BNB’s price prediction for the most bearish scenario will value BNB at $194.61 in 2023 BNB’s previous All Time High was on 10th May 2021 where BNB was priced at $686.31 BNB’s price at the same time last week was $231.07. It has moved by 0.77% in the past week and is currently at $243.26. Infact, in the past 24 hours, BNB has pumped by 0.32%. There is a slight bearish sentiment in the crypto market. The long term sentiment, however, remains bullish and BNB could hit $475.81 in 2024. The total circulating supply of BNB as of writing this article was $155,855,196 and the marketcap of BNB remains at $37,914,395,267. However, Binance’s legal battle isn’t over just yet. The US SEC is seeking restraining orders to freeze Binance’s assets. Although the exchange has asked the court to deny the restraining order, the ongoing showdown could further affect BNB’s value. The weekly timeframe chart showed that BNB’s plunge has hit June/December 2022 lows. During the December 2022 FUD (fear, uncertainty, and disinformation) around Binance’s proof of reserves, BNB tanked to $220. The $220 level aligns with a bullish order block (OB) of $206 – $243 (cyan) on the weekly chart formed on 27 June 2022. In addition, it coincides with the range low of a parallel channel (blue) and the 200-MA (Moving Average). So, it could make the $206 – $243 zone (cyan) a strong bullish stronghold. Unfortunately, it could crack if Binance’s legal woes worsen in the next coming days/weeks. A drop below the confluence area could ease at $184 or $118. Conversely, BNB could attempt to reverse the losses and target the mid-range ($293) if the demand zone doesn’t crack. The level also aligns with the 50-MA. In the meantime, the RSI (Relative Strength Index) flattened in the lower range – suggesting selling pressure eased. Similarly, the CMF (Chaikin Money Flow) moved sideways slightly above the zero mark – denoting capital outflows from BNB subsidized. A break above 359 and creating bullish pa HH and HL is the start of a bullish trend
CAPITALCOM:BNBUSDShort
by DaveBrascoFX
ETH - the price has left the channel, what's next?!Hello trader! Today I have a new idea for you. Like and subscribe to the channel, there is a lot of useful information.✅ Friends, I will update the ETH idea a bit: So far, everything is going according to plan, after tightening the lower border of the channel, the price was able to break through the support and the walls of the orders that the market maker placed earlier are starting to work out. The most interesting thing is that we got a -2% decrease on the weekend when no one really expected it, I think I managed to warn you in advance :) At the moment, the plan has not changed much - I continue to keep the scalp short position to the support level of $1820-1825, the market maker has not yet removed the walls from the orders and continues to exert pressure, perhaps we will see a movement below the support of $1820-1825 through a slight rebound, there will be changes, I will definitely inform you.
Short
by DanilBlinkov
Binance coin shows an ascending triangle Currently, on the daily timeframe, BNB exhibits an ascending triangle pattern. The market participants are awaiting confirmation of a potential breakout to determine the coin's next likely direction. The expectation is for a bearish breakout to occur, but in the event that BNB surpasses the resistance level, a bullish trend towards higher prices is anticipated. Traders are closely monitoring the price action to make informed decisions based on the breakout's confirmation.
Short
by TraderChamp-Pro
BNB/USDT Short-TermHello everyone, let's look at the BNB to USDT chart on a one hour time frame. As you can see, the price is moving along the uptrend line. After unfolding the trend based fib extension mesh, we see that the first support is at $243, then there is a support zone from $242 to $241, and then support at $240. Now let's go from the resistance line, as you can see the first resistance is $246 and then the price needs to break the $247 zone to $248. The CHOP index indicates that there is a lot of energy gathered, the MACD confirms the local uptrend, and the RSI is in the upper part, however, there is room for the price to go towards the first resistance.
by cryptodailyuk
Bearish Local Trend, Neutral Outlook, and Balanced RSIThe Binance Coin (BNB) is displaying a more bearish inclination on the local chart as the price approaches the support level. If the price closes below $242, it could potentially result in a breakout and a subsequent test of the $235 area. On a larger time frame, the overall situation for BNB is neither bullish nor bearish, as it is currently situated within a wide channel. Consequently, it is more probable that the price will continue consolidating within the $235-$245 range until the end of the month. The Relative Strength Index (RSI) level for BNB is currently at 48. The RSI is a technical indicator that measures the momentum and speed of price movements. With a reading of 48, it signifies a balanced state for BNB, indicating that the price is not exhibiting significant buying or selling pressure.
by MonoCoinSignal
4
BNBUSDT - Price can continue trading inside downward channelHi guys, this is my overview for BNBUSDT, feel free to check it and write your feedback in comments👊 Recently ago price bounced from support line and fell to support area, thereby breaking support level. But a few moment later it made strong upward impulse from support area to resistance level, which coincide with resistance area. Thereby BNB broke the support level again and then made a little correction, after which continue to move up. Price rose higher of resistance level, but at once bounced down and entered to falling channel, where it fell to support level. Then Binance Coin bounced to resistance line of channel and now trades near it, and I think that price can reach it. After this price can start to decline and fall to $240 support level, which is located inside falling channel. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Short
by WalterMoon
6
Bitcoin is an expanding triangle and a channel, which is faster?Hello trader! Today I have a new idea for you. Like and subscribe to the channel, there is a lot of useful information.✅ Friends, I found another interesting formation that can work out in the future, from the technical side it is called the "expanding triangle. At the moment, we are seeing that the price on 12H has already bounced and is striving to test the resistance from above at $31,950 in the "triangle", perhaps the price will bounce earlier, as I wrote earlier, a return to the range from $29,650 to $30,500. In general, the picture is not entirely clear yet, because on the futures chart we have an "upward channel that has already worked from above and should reflect from below by $28-27K Guys, I continue to hold a short position with TBX $ 31,250 I decided to share this chart because it can also work itself out in the future and you need to be as careful as possible with short positions and follow your risk menu. All the best and happy trading!
Long
by DanilBlinkov
The 210.2-243.5 section corresponds to the buy sectionHello? Traders, welcome. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a good day. ------------------------------------- (BNBUSDT chart) Looking at the big picture, I would expect a trend to form along the way out of the 210.2-353.3 zone. Among them, I think that the 210.2-243.5 section forms a strong volume profile section. Therefore, if the 210.2-243.5 section is touched or supported, it is time to buy. If you buy and you think there is nothing you can do to deal with it if it drops below 210.2 and leads to a big drop, then of course you shouldn't buy. What you must think about before proceeding with the trade, that is, before buying, is to decide when to buy first, when to sell first, and when to stop loss. Otherwise, there is a high possibility that you will suffer from psychological pressure from the moment you buy. To do this, you can use the HA-Low and HA-High indicators. If it is supported by the HA-Low indicator, it is the first round of buying. When it rises around the HA-High indicator, it corresponds to the first selling period. The stop loss point can be determined based on the support and resistance points indicated on the chart and the number of splits. (1M chart) Looking at the 1M chart, we can see that the 284.8 point corresponds to the last support and resistance point. However, since the HA-High indicator on the 1M chart forms a horizontal line at point 179.2, there are support and resistance points, but from the current point of view, point 284.8 can be seen as the last point of support and resistance. Therefore, from a long-term perspective, it can be interpreted that the downtrend is likely to continue. (1W chart) Looking at the 1W chart, the last point of support and resistance is at 233.9. Therefore, from a mid- to long-term perspective, it can be seen as an important period. Since the HA-Low indicator (243.5) of the 1W chart is formed near the 233.9 point, if it is confirmed to be supported around 233.9-243.5, it is expected to rise to the vicinity of the HA-High indicator (284.6) of the 1W chart. Therefore, we can see reasons to buy around 233.9-243.5. (1D chart) The 1D chart looks very cluttered because the support and resistance points of the 1M and 1W charts are also marked together. However, based on the 1M and 1W chart descriptions, 1st: 210.2-243.5 2nd: 284.8-332.4 The 1st and 2nd sections above correspond to the important support and resistance sections. Therefore, if you are trading from a short-term perspective, you can buy in the 1st section and sell in the 2nd section. If you are going to buy from a mid- to long-term perspective, you can do split buying over the 1st and 2nd sections. From a mid- to long-term perspective, the sell zone is around 427.2, and from a long-term perspective, the sell zone is around 564.3. The stop loss for all trading strategies is 179.2. The next period of volatility is around August 6th. -------------------------------------------------- ------------------------------------------- ** All descriptions are for reference only and do not guarantee profit or loss in investment. ** Even if you know other people's know-how, it takes a considerable period of time to make it your own. ** This is a chart created with my know-how. ---------------------------------
by readCrypto
1
ETH - will leave the channel in the wake of bitcoin?!Hello trader! Today I have a new idea for you. Like and subscribe to the channel, there is a lot of useful information.✅ Ethereum similarly built an ascending channel only already at 4H TF and is also actively pressing the support of the pattern, from which we can probably get a small reaction from the buyer, a small rebound) While the main local support for ETH remains the level of $1825, which was already tested last week, I wrote about this support and there were plans to exit the short position there, but plans changed and I closed the position earlier. As you understand, my thoughts are on a downward movement and an exit from the channel at a breakdown of the support level or through a small rebound and the first target will be the range of $1820-1800 So far, only from marginal Bitcoin positions to short with TBX $31,250
Short
by DanilBlinkov
Will the exit from the "upward channel" be classic? When is DumpHello trader! Today I have a new idea for you. Like and subscribe to the channel, there is a lot of useful information.✅ Friends, I fell out of trading a bit, as always, when moving, on flights, but now I'm already at the base and ready to return to work with renewed vigor. In general, nothing much has changed while I was away from the channel, the new formation "upward channel" that I found on 12H looks very good, on recent news, they removed jewelry liquidity from above $ 31,850 test of the upper border of the channel, at that time I fixed altos #AVVE and said that the correction from this XRP hype would not be long in coming :) And what do we see now? The price is actively pushing the support of the $30,000 pattern and we are already seeing a small downward exit from the ascending channel, although it looks weak so far. This suggests that the seller has not yet activated at full strength, but I think this is temporary and we will see a powerful movement very soon. I have allocated for myself a zone of $27,780-28,000 where I will already think about fixing my short position with TBX $31,250. By the way, the indicator also began to slowly change into short shoes on older timeframes, but not on all functions! So something here is quite possible to expect a slight rebound, from about $29,650 to $30,000-30,500 is not a long signal! In general, while I'm watching and if there are any changes, I will definitely let you know❤️
BINANCE:BTCUSD.P
by DanilBlinkov
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
Hello everyone, I invite you to review the BNB/USDT 4H ChartHello everyone, I invite you to review the BNB chart against USDT, also on a four-hour timeframe. First of all, using the blue lines, we can mark the uptrend channel in which the price is currently moving in the lower part, it is also worth marking the local downtrend line with the yellow line. Now let's move on to marking the places of support. We will use the trend based fib extension tool to mark support, and first we will mark a strong support zone in which the BNB price is currently located, but when it falls below this zone, the next support is at $ 233. Looking the other way, we can also mark the places where the price should encounter resistance on the way to increases. And here we have the first strong resistance at the price of $ 249, and then it is worth marking a very strong resistance zone from $ 257 to $ 262, only when the price breaks out of it and then positively tests, we will see further increases. The CHOP index indicates that the energy has been used. The MACD indicator maintains an ongoing downtrend. On the other hand, on the RSI we have a strong rebound to the lower part of the range, which creates room for a future price increase, but it is worth being careful because there is room for the price to go a little lower.
by cryptodailyuk
BNB - Head and Shoulders on the 4H TF* BNB is still stuck in a range between 220 – 250 USDT. * Currently, it looks as if BNB is forming a Head and Shoulders pattern on the 4H TF. The neckline is at the 242 USDT Level. * The target for the Head and shoulders is 225 USDT. However, there is a daily demand zone between 231 – 236. I think it is possible for this demand zone to hold BNB’s price from further deterioration. * If you are inclined to short BNB, wait for a retest of the neckline as resistance. NFA. What do you think? Please share in the comments. Best Wishes.
BINANCE:BNBUSD.PShort
by NewThoughtCrypto
BNB 4HInterval ReviewHello everyone, let's look at the BNB to USDT chart on a four-hour time frame. As you can see, the price has moved above the downtrend line. After unfolding the Fib Retracement tool, we see that the first support is at $247.82, then we have a strong support zone from $245 to $243, and then support at $240.97. Looking the other way, it is worth first marking the resistance zone from $ 253 to $ 256, and then the support at $ 261.37. The CHOP index indicates that there is energy for a further move, the MACD remains in a downtrend, and the RSI has a sideways move around the middle of the range, which may result in a slight upward move in price.
by cryptodailyuk
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