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BNB

BNB: Rising WedgeBinance (BNB) technical analysis: Trade setup : Trading in a Rising Wedge pattern, price pulled back near $300 support zone, which could be an attractive swing entry with upside potential to $340. Previously, after a bullish breakout from Falling Wedge pattern, price reached our target of $340 but got rejected 4x thus far. That’s also a level where it got rejected last year in August and November. Patterns : Rising Wedge It usually forms after an uptrend and suggests a potential bearish reversal in the original uptrend. When price breaks the lower trend line the price is expected to trend lower. Emerging patterns (before a breakout occurs) can be traded by swing traders between the convergence lines; however, most traders should wait for a completed pattern with a breakout. Trend : Downtrend on Short- and Medium-Term basis and Uptrend on Long-Term basis. Momentum is Mixed as MACD Line is above MACD Signal Line (Bullish) but RSI < 45 (Bearish). MACD Histogram bars are declining, which suggests that momentum is weakening. Support and Resistance : Nearest Support Zone is $300 (previous resistance), then $260. The nearest Resistance Zone is $340, then $400.
Long
by altFINS
BNB Short TF Long Setup• I am still expecting BNB to make a lower low. However, it looks as if a relief rally is in the cards for next week. We need to watch out for the ISM services PMI announcement tomorrow (June 5th) but otherwise I think we are short-term bullish. • Following BNB’s PA, you can see that the 308 USD horizontal level is meaningful. I mean that if it flips to support, we can expect a short-term bounce. • Furthermore, if BNB can get above the 308 USD level and flip it, it will also be above the 4H 20 & 50 EMAs which will reduce the bearish pressure. • If BNB reclaims the 316 USD level and the Diagonal line, I think we are off to the races. Please read my previous Idea about BNB for more context. My Trade Idea: • Entry: 308.6 (after retest). • SL: 306.4 (local resistance/support) • Target: 315 • R: R > 1:3 • If this trade is successful, I will not cash out completely because it may go higher. NFA What do you think? Please share in the comments Best wishes to all.
Long
by NewThoughtCrypto
4
Bitcoin - next week will be decisive!Hello trader Today I have prepared a new idea for you. Like and subscribe to the channel there is a lot of useful information✅ The standing of the price under the local resistance continues, and this, of course, makes me stop believing in further growth, but I continue to hold the Long position and adhere to the original plan. Technical: nothing much has changed, the buyer again needs to return the price to the $27,500 zone to go above the local High $28,450 and I think this will be a quick takeaway, because we have already removed liquidity from below by going to $26,500, it's time to collect liquidity from above, so be prepared for next week's rally, and don't forget your risk management!
Long
by DanilBlinkov
BNB/USDT 4HInterval Resistance and SupportHello everyone, let's look at the BNB to USDT chart on a 4-hour time frame. As you can see, the price is moving below the local downtrend line. Let's start with the support line and as you can see the first support that is currently holding the price is $305.9, if the support is broken then the next support is $298.6, $292.9 and $287.1. Now let's move on to the resistance line, as you can see the first resistance is $313.1, if you manage to break it, the next resistance will be $320.4, $326.3 and $332.6. Looking at the CHOP indicator, we see that there is a lot of energy for the upcoming move, the MACD indicates that the local uptrend is maintained, while the RSI is in the lower part, although the price may go a little lower, there is a lot of room for growth.
by cryptodailyuk
BTCUSD → H&S breakdown. Triangle + Wedge. Waiting for growthThe BTC had previously formed the H&S reversal pattern, but it does not work and the bulls regain control of the 26700 level, forming a bearish wedge, which might provoke a bullish momentum. The price makes a false break-down of the level of 26700, which is a strong support and forms a consolidation above the line. The market is in a consolidation phase after an active rally. The fundamentals component of the crypto direction has been getting better news lately than just neutrals. It will take quite a while for Bitcoin to overcome the 28,000 area, which has long held the price back, the 30,000 level and the resistance of the uptrend channel. If the price moves out of the range, bitcoin will form a strong rally to 35000. A related set-up is forming on the daily chart: a triangle and a wedge. The resistance of the figures is similar and the support area is very different. But the fact that we do not see a fall after the rally gives us hope for more growth. MA-200 acts as a strong support and MA-50 as a resistance, which might be tested again soon. Strong support: 26700, 25400 (global level). Strong resistance: wedge resistance (triangle), 28200 I expect the continuation of consolidation in the range, but in connection with the prerequisites mentioned above, I assume that in the medium term bitcoin will continue its growth to 31000 and to 35000 Sincerely R. Linda!
BITSTAMP:BTCUSDLong
by RLinda
37
CRVUSDT → The price is squeezed between the strong linesCRVUSDT forms the bottom in the area of 0.500-0.600. After that, a rally is formed, which turns into a strong consolidation in the area of trend resistance. The cryptocurrency pair after another retest forms a resistance breakout, but at the same time, the price is still on the upper boundary of the local pattern. In the near future, if the price successfully overcomes the area of 0.883, I expect an active strengthening of the price to the area of 1.112 with the subsequent movement to 1.891. CRV shows great dynamics on the background of the fact that after the rally, there was not a strong pullback, but a consolidation is forming. The price got a strong support at 0.818 and from the MA-200. MA50 is a resistance and the price might try to test it soon. Strong support at 0.818 and 0.770 Strong resistance: 0.883, 0.980, 1.300 I expect consolidation between 0.850 and 0.950 with further break through the resistance of the local wedge and growth to 1.890. Regards R.Linda!
Long
by RLinda
16
BNB Long Entry and TargetIn a previous post I shared my concern that BNB may not hold the up trending support line. Current Situation: ATM it looks as if BNB is breaking the diagonal trendline support. If you are in a short, congratulations. Regardless, it seems like a good time to look for a long entry. Entry Levels: To determine my entry, I will use Horizontal support levels and the RSI level will trigger the timing of the entry. The range between 260 USD and 300 USD is strong support for BNB. To narrow this range further we can use the imbalances that BNB left on the Chart in March (The green boxes) between 275 USD and 300 USD. I expect BNB to fill at least the first imbalance between 288 USD and 300 USD. IMO, BNB is not likely to fill the lower Imbalance between 276 – 285 USD. If you look at previous lows (December and March) you will find that BNB responds very well to the oversold level of the RSI (at 30 or lower). My plan is to enter a long based on two conditions: 1. The upper imbalance (at least) is resolved 2. RSI is at 30 or lower. Target: BNB has a few resistance levels on the daily chart: 1. 345 USD upper resistance of the range. 2. 400 – 414 USD Horizontal resistance. The 400 level is a round number and there is a wick close to that level since November. 3. 461 USD is a horizontal resistance as well as the 1.618 target. Consider TP at these levels. Trade Idea: Entry: 290 USD SL: 275 USD Target: 460 NFA. Will appreciate feedback.
Long
by NewThoughtCrypto
BNB/USDT 1DInterval Resistance and SupportHello everyone, I invite you to review the BNB chart on a four-hour interval. At the beginning, we will use blue lines to mark the uptrend channel from which the price is currently breaking sideways. Importantly, we are just below the EMA Cross 200, it is important that the price maintains this level and returns above 200 to continue the uptrend. We will now move on to marking the price support locations and we see that we first have support just below the price at $300.6, but if the price goes lower, we have another support at $284.8, then at $269.2 and another support at $247.4. Looking the other way, we can similarly determine the places of resistance that the price has to face. And here we see that the price is currently at a very strong resistance zone from $309 to $330, when it manages to break out above this zone, the price will move towards strong resistance at $359.7 and further towards resistance at $398 $. The CHOP index indicates that there is a lot of energy for the upcoming move, the MACD indicates a trend change to an uptrend, while the RSI has a rebound and is in the lower part of the range, which is important that the rebound on the indicator gives room for new price increases.
by cryptodailyuk
BNBUSDT.1DHello dear friends, *Mars Signals Team wishes you high profits* This is a daily time frame analysis for BNBUSDT.1D We are in the daily time frame. As you can see, after hitting the resistance line, the price could not stabilize above it and fell. Currently, the price has started to move towards the first support line and we expect it to support the price once again. But if it cannot stabilize above it, we expect more fall. 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
by MarsSignals
BNB/USDT 1DAY UPDATE BY CRYPTOSANDERSHello, welcome to this BNB/USDT 1DAY chart update by CRYPTOSANDERS. I have tried to bring the best possible outcome to this chart. Show some support, hit the like button, and follow and comment in the comment section. this motivates me to bring this kind of chart analysis on a regular basis. CHART ANALYSIS:-BNB, or Binance coin, was also in the green to start the week, with prices moving to a multi-week high in the process. Following a bottom at 307.53 on Sunday, BNB/USD rose to an intraday peak of 316.83 earlier today. This surge saw BNB hit its highest level since May 9, when the token was trading above 320.00. BNB is now trading 2% higher than at the same point last week, with today’s rally sending the RSI to its strongest reading since May 1. In addition to this, the 10-day (red) moving average (MA) is also moving towards an upwards crossover with the 25-day (blue) MA. Should this cross take place, there is a good chance that BNB will move towards a long-term ceiling at the 340.00 mark. This is not a piece of financial advice. Hit the like button if you like it and share your charts in the comments section. Thank you
by CryptoSanders9563
BNB/USDT SHORTTERM Resistance and Support Hello everyone, let's look at the BNB to USDT chart on a 4-hour timeframe. As you can see, the price is moving above the local uptrend line. Let's start with the support line and as you can see the first support in the near future is $312, if the support is broken then the next support is $310, and then we have a support zone from $308 to $306. Now let's go from the resistance line, as you can see the first resistance is $316, if you manage to break it, the next resistance will be $318 and $320. Looking at the CHOP indicator, we see that the energy has been used, the MACD indicates the maintenance of the local uptrend, while when the RSI touched the upper limit, it gave a price correction.
by cryptodailyuk
1