Get started

Bnbanalysis

BNBUSDT can continue to decline and exit of triangleHello traders, I want share with you my opinion about Binance Coin. Watching the graph, we can see how the price formed the seller zone 332-336, from which it begin to decline and fall to the support area. Over time, the price formed a downward triangle and currently trades inside. We also see how the price broke through the support level 295.5 and fall to the support area 287.5-285.5, which was tested it and bounce back. Currently, the price is trading above the support area and may rise and retest the resistance level. I think that after a possible retest resistance level, the price can continue to fall and break through the support area and thus exit of triangle. So I set 2 goals in the support area 287.5-285.5 and at the level 280. Please share this idea with your friends and click Boost 🚀
Short
by LegionQ8
9
BNB Dumps 11% from February Highs, Key Support At $290 Past Performance of BNB Like the rest of the crypto markets, BNB remains under pressure. The coin is down roughly 11% from February peaks and could trickle even lower in the days ahead. BNB’s slide might continue in the short term unless prices swing above the middle BB. #BNB Technical Analysis There are two levels of resistance limiting BNB bulls’ progress. The first is the middle BB, where, following losses on February 9, prices have remained below the dynamic line. Second, BNB is capped at $320. Therefore, unless BNB expands to close above these two zones, the short-term trend is skewed for a break below $290. In that eventuality, traders may ride the breakout, dumping BNB as they target $250. This flashes with the 78.6% Fibonacci retracement level of the December to February trade range. What to Expect From #BNB? The short-term trend favors sellers. If there are losses below $290, BNB may extend their losses, even sliding to crucial support levels, and an opportunity for aggressive sellers. For now, traders may wait for a clear trend definition in the short term, aware that gains above $320 may be a reprieve for optimistic bulls. Resistance level to watch out for: $320 Support level to watch out for: $290 Disclaimer: Opinions expressed are not investment advice. Do your research.
by Bitcoin_Analyzer
1
BNB is the strongest asset!Hello, traders! As you know I expect the price of Bitcoin below $15k, therefore most of altcoins can lose up to 70% from their current price. The BINANCE:BNBUSDT is the exception. Let's take a look at the Binance coin's Elliott waves structure. The Awesome oscillator allows us the define the wave 3 bottom and build the analysis based on that. Wave 3 was shorter than wave 1. It means that wave 5 could be even trimmed one. In the worst case I expect only slight lower low. Taking all these facts into account I am going to buy BNB below $200 , for me it's good price for long term investments. I also want you to bring attention that wave 4 is a complex corretion. It's untradable market struture. This wave can be already finished or make another one leg up, it's really difficult to predict. Best regards, Ivan ________________________________________________________________________________________________ If you like my trade ideas, please smash the boost button to stimulate me make more quality analytics!
Short
by Skyrexio
9
#BNB Accumulates, Critical Resistance At $320Past Performance of BNB BNB prices are stable at spot rates, trading within a tight range in the past few days. Even though the uptrend is valid, there can be concerns in the short term, more so if BNB fails to close above $320. Support lies at around $295. #BNB Technical Analysis Traders are confident that BNB will resume its uptrend. Nonetheless, the consolidation of the past few days, coupled with the failure of buyers to push the coin above $320, is a concern. The primary trend, nonetheless, remains northwards. However, BNB must rise above this week's highs with expanding volumes for trend continuation. The breakout bar would anchor the leg up towards $340 in a retest of February highs. Conversely, losses below $295 may see BNB slip to $255 in a contraction. What to Expect from #BNB? BNB is bullish, but the short-term swings favor sellers. If BNB manages to break above the current accumulation, there could be a reprieve for buyers. If not, the coin might slip to retest critical support levels of the December-February range. Resistance level to watch out for: $320 Support level to watch out for: $295 Disclaimer: Opinions expressed are not investment advice. Do your research.
by Bitcoin_Analyzer
#BNB Drops 15% in 2 Weeks, Path Back to $260?Past Performance of BNB BNB is down 15 percent from last week. Yesterday's bar was bearish and engulfing with a spike in trading volumes. Since the bar is breaking down below the middle BB, that is, the support, and has high participation lines; it signals that the uptrend is over. Subsequently, traders may search for entries to sell, targeting key support lines defined in January and Q4 2022. #BNB Technical Analysis Sellers are in control. The drop in prices on February 13 may spill over to today. In that case, traders can search for selling opportunities if prices are below February 13 high at around $315. The sell-off mirrors the drop of February 9, pointing to immense selling pressure in BNB. Based on the formation in the daily chart, the next target for determined sellers could be $260, marking September 2022 lows. If BNB sellers press on, prices may retest December 2022 lows of $230. What to Expect from #BNB? BNB is under immense selling pressure and could post even more losses in the days ahead. From the daily chart, any surge above $320 and February highs will rejuvenate demand, canceling out sellers. Resistance level to watch out for: $320 Support level to watch out for: $260 Disclaimer: Opinions expressed are not investment advice. Do your research.
Short
by Bitcoin_Analyzer
BNB IS VERY BEARISH IN BIG TIME FRAMESHello, I hope you have been profitable and are doing well. I checked the structure of the Binance Coin symbol and realized that the degree of correction is very large and can even last until the end of 2024. What is clear to me is that we are now in wave D of this diametric. This wave is a diametric intermediate wave. It seems that we should have a correction for this symbol in at least 440 days. I have no bias on any symbol and only analyze what the chart shows me. Comment if you have any questions I wish the best for you
Short
by behdark
2
#BNB May Post More Gains on Breakout above $320Past Performance of BNB Like the rest of the markets, BNB bulls are solid and angling for more as the shift turns, buoying buyers. BNB remains within a bullish breakout formation at spot rates above $250. Still, traders should watch out for how prices react at $320. Any breakout with increasing volumes may see the coin soar to November 2022 highs. #BNB Technical Analysis Buyers are firmly in charge. The bullish bar of January 29 follows the consolidation inside a rising wedge in the better part of last week. The immediate resistance is at $320, while support is the middle BB. As long as prices are above $285 and the 20-day moving average, any surge above the recent consolidation may see BNB soar to $350. This formation will allow swing traders to ride the trend as BNB bottoms up. What to Expect from #BNB? Bulls are confident, and BNB has more room if there are substantial gains above $320. If the breakout is with rising volumes above the liquidation line, buyers might push the coin to new reaction levels. Resistance level to watch out for: $320 Support level to watch out for: $285 Disclaimer: Opinions expressed are not investment advice. Do your research.
Long
by Bitcoin_Analyzer
BNB/USDT to Breach Through the Consolidation & hit $300 Soon!Bitcoin has been relaxed a bit for the past couple of days which has paved way for the other altcoins to thrive. Given an opportunity the Binance Coin (BNB) price may lead a significant upswing to reach $300 at the earliest. The Binance Coin price appears to be gearing up to display a massive price action as it is constantly accumulating strength within the decisive symmetrical pennant The price may fluctuate significantly for another couple of days or weeks until it reaches the tip of the triangle post to which a breakout may be imminent depending on the volume induced. The price is believed to breach through the upper resistance and surge beyond $300 to reach one of the important resistance zone close to $323 by mid-February
by Coinpedia-Market-Insight
2