HelenP. I BNB can rebound up of trend line, exiting of triangleHi folks today I'm prepared for you Binance Coin analytics. Some days ago price bounced from the support level, which coincided with the support zone, and declined to 290 points. But soon, the price backed up and broke the 300 level, after which it made a retest and then made a strong impulse up to the resistance zone. Reaching this zone, which coincided with the resistance level, BNB tried to break this level, but soon made a correction below, after which it turned around and made impulse up higher than the 315 level, breaking it. Later price turned around and made a strong impulse down to the trend line, breaking the 300 and 315 levels, but soon BNB rebounded from the trend line and rose back to the support level. Next, Binance Coin rose to the resistance zone, after which the price turned around and in a short time declined to the 300 level, where it some time traded and later bounced up, forming a triangle pattern. A not long time ago price rebounded from the resistance line to the trend line, where BNB continues to trades near now. For my mind, I expect that Binance Coin will correct to the trend line again, after which the price can rebound and start to move up to the 310 level, thereby exiting from the triangle pattern. If you like my analytics you may support me with your like/comment ❤️
BNBUSDT
BNB: Bullish FlagTrade setup : Price remains in an Uptrend. Following a bullish break above $300 key level, price reached as high as $338 but got very overbought (RSI > 80). Now it’s consolidating in a Bullish Flag pattern, which is a continuation pattern that typically resolves in a bullish breakout in the direction of the existing Uptrend. We wait for a breakout to confirm the Uptrend, with upside potential to $350 thereafter.
Pattern : Bullish Flag pattern. Short term small rectangle trading range between diagonal parallel lines. It moves counter to the prevailing price trend observed in a longer time frame on a price chart. It forms typically following a sharp advance and often indicates a small change in direction (or areas of consolidation) before the previous trend resumes. Flag pattern is among the most reliable continuation patterns that traders use because it generates a setup for entering an existing trend that is ready to continue. Trade is initiated on a breakout, if it is in the same direction as the prevailing trend. Also, with bullish flag patterns, traders prefer a breakout with an increase in volume but it isn’t a must.
Trend : Downtrend on Short-Term basis and Uptrend on Medium- and 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 $300, then $260. The nearest Resistance Zone is $350.
BNB/USDT 4H Chart ReviewI invite you to review the BNB chart on a four-hour interval. We will start by defining, using the blue lines, the downward trend channel in which the price holds, and slightly using the yellow lines, we can determine the upward trend channel in which we are approaching the lower border.
Let's now move on to marking the support areas for the price and after unfolding the Fib Retracement grid, you can see strong support at the lower border of the channel at $291, but here it is worth spreading the grid again in a smaller range, thanks to which you can see the support that currently holds the price around $297, however, when the price bottoms out from the first and second support, we may see a drop to around $272.
Looking the other way, we can similarly determine the resistance areas that the price must face. And here we see that the price is effectively rejected by the strong resistance zone from $308 to $321, but when it breaks above it, we will be able to see an upward movement towards the resistance level at $342.
When we look at the RSI indicator, we will see that, similarly to the STOCH indicator, we are near the middle of the range, with room for a potential deepening of the correction.
BNB/USDT WEEKLY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this BNB/USDT update from Crypto Sanders.
Chart Analysis:- Hello friends, what do you think after seeing the chart? Please comment on the BNB WEEKLY update.
BNB struggled to hold its own, which is why it closed the week without any significant changes in its price compared to the previous week.
Buyers managed to keep it above $300 at the time of this post, which is a positive sign. If the overall market sentiment improves in the coming days, BNB may also follow suit.
Looking ahead, this cryptocurrency has been found in a flat trend since the beginning of the year, and a major breakout is needed to take the price to the $360 resistance.
I have tried to bring the best possible results in this chart.
If you like it, hit the like button and share your charts in the comments section.
Thank you.
HelenP. I BNB can fall lower trend line and then make impulse upHi 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 rebounded from the trend line and made a strong impulse up to the 288 support level, which coincided with the support area and soon broke this level. Later it made a retest and continued to move up to the 327 resistance level, which coincided with the resistance zone, and even rose to this zone, but soon BNB turned around and fell below and in a short time declined to the support level. After this BNB some time traded near the support level, after which it rebounded from this level and tried to grow to the resistance level, but failed and in a short time fell to the trend line and even lower than this line. But soon, the price turned around and started to trades near the trend line, but a not long time ago it fell back to this line and recently started to rise again. For my mind, Binance Coin will correct below the trend line, after which it turn around and make impulse up. That's why I set my target at the 315 level. If you like my analytics you may support me with your like/comment ❤️
BNB/USDT 1HInterval Chart ReviewI invite you to review the BNB chart, on a one-hour interval. However, here we will start by marking with blue lines a strong downward trend channel in which we have been moving for a long time, currently in the upper part. Moreover, we can mark here the zones that can be seen to have an effective impact on the price, there is a clear support zone, as well as a resistance zone for the price in the long term at the top.
However, locally, using the yellow line, we will determine a local upward trend where the price is struggling to stay.
Let's now move on to marking the support areas for the price and after unfolding the Fib Retracement grid, we can see that first of all we have support around $303, which currently holds the price, but if we go lower, it is worth marking an important support zone from $293 to $287.
Looking the other way, we can similarly determine the resistance areas that the price must face. And here we see that currently the zone from $309 to $314 has effectively stopped the growth, but if it is overcome, we can see an upward movement towards the strong support level of $321.7.
Looking at the RSI indicator, you can see a return to the middle of the range, which quickly results in a downward reflection, because on the STOCH indicator, a strong upward impulse resulted in a reversal in a similar place to the last one, and what's more, we can mark the trend line at which the indicator turned around.
BNBUSDT: A quick scalp opportunity on 4H candleBNB is bouncing back from the support and heading towards the next resistance after a strong bounce back from major support at 280.
Next target for the BNB is at around 320
This is a quick scalp opportunity with significant risk. So careful with your position sizing and make sure to keep the stoploss.
Entry at: 306-309
StopLoss: 303
TP1: 312
TP2: 315
TP3: 320
Cheers!
GreenCrypto
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BNBUSDT - Price can bounce from support line and start growHi guys, this is my overview for BNBUSDT, feel free to check it and write your feedback in comments👊
Some time ago price bounced from resistance level, which coincided with resistance area, and in a short time it fell to $290 level.
Then BNB some time traded between $318 and $290 levels, after which price fell to support line and started to grow.
Price rose to resistance area, but soon it turned around and made downward impulse to support area, breaking $318 level.
After this, price entered to triangle, where BNB bounced from support line and in a short time rose to resistance line.
Recently, price bounced down from this line to support line, where it continues to trades near.
Binance Coin can correct to support line, after which it bounce up to $315, thereby exiting from triangle.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
BNB/USDT 4HInterval ChartI invite you to review the BNB/USDT chart, on a four-hour interval. As you can see, the price remains above the local upward trend line.
Looking at the price increase, it is worth spreading the fib retracement grid, thanks to which you can see the price fighting in a strong resistance zone from $308 to $314, and then there is resistance at $322.
Looking the other way, there is support at $303, followed by a strong support zone from $293 to $287.
The RSI shows room for a price increase, and the STOCH indicator shows another increase, which may limit the room for increases.
BNB can rebound from the seller zone and start to declineHello traders, I want share with you my opinion about Binance Coin. Looking at the chart, we can see how the price some time ago rebounded from the resistance level and made an upward impulse to 332 points, but then the price rebounded down and started to decline in a downward channel, where it fell lower than 308 level, thereby breaking it. Next, the price fell to the support level, which coincided with the buyer zone, after which it bounced up from this level and rose higher than the resistance level, thereby exiting from the channel. But soon, BNB turned around and declined to the 290 support level. Then price made an upward impulse from this level and later started to trades inside the range. In range, BNB rose to 321 points, and then made a downward impulse to the support level, breaking the resistance level with the seller zone. Price fell to the buyer zone, after which it rebounded and rose to the seller zone, but recently it turned around and fell below. At the moment, Binance Coin trades near this zone and I think the price can grow to the resistance level and, or to the seller zone and then start to decline to the support level. For this reason, I set my target at the 290 level. Please share this idea with your friends and click Boost 🚀
bnbusd Breaking through the strong level 288
Suitable for small bars
Next level 297
Very good potential
BNB: Bullish FlagTrade setup : Price remains in an Uptrend. Following a bullish break above $300 key level, price reached as high as $338 but got very overbought (RSI > 80). Now it’s consolidating in a Bullish Flag pattern, which is a continuation pattern that typically resolves in a bullish breakout in the direction of the existing Uptrend. We wait for a breakout to confirm the Uptrend, with upside potential to $350 thereafter.
Pattern : Bullish Flag pattern. Short term small rectangle trading range between diagonal parallel lines. It moves counter to the prevailing price trend observed in a longer time frame on a price chart. It forms typically following a sharp advance and often indicates a small change in direction (or areas of consolidation) before the previous trend resumes. Flag pattern is among the most reliable continuation patterns that traders use because it generates a setup for entering an existing trend that is ready to continue. Trade is initiated on a breakout, if it is in the same direction as the prevailing trend. Also, with bullish flag patterns, traders prefer a breakout with an increase in volume but it isn’t a must.
Trend : Neutral on Short-Term basis and Uptrend on Medium- and Long-Term basis.
Momentum is Bearish (MACD Line is below MACD Signal Line, and RSI is below 45).
Support and Resistance : Nearest Support Zone is $300, which it broke, then $260. The nearest Resistance Zone is $350.
HelenP. I Binance Coin will rebound from resistance zone to $320Hi folks today I'm prepared for you Binance Coin analytics. Some days ago price declined to the support zone, which coincided with support 2, and a few time traded near, but later bounced and tried to rise higher. BNB failed and made a correction to the trend line, after which the price made a strong impulse up to support 1, which coincided with the resistance zone. In a short time BNB broke this level and started to trades inside consolidation, where the price rose to the top part, but soon turned around and made correction to the resistance zone back. Price tried three time to rise, but only the third time it finally rose. But later BNB turned around and fell back to the resistance zone, where it continues to trades near the trend line at the moment inside consolidation. For my mind, Binance Coin will fall to support 1 and then rebound and start to move up in consolidation, thereby exiting from the resistance area. That's why I set my target at the 320 level. If you like my analytics you may support me with your like/comment ❤️
BNB - WATCH OUT 👀 4h Support Breaks📉Hi Traders, Investors and Speculators of Charts📈
In the lower timeframes, sellers have taken control and the price is trading right on top of a very important support zone:
If we lose this support, the next likely bonce zone is only around 175:
From a macro timeframe, the technical indicator is still bullish (as long as the green trendline holds:
If you found this content helpful, please remember to hit like and subscribe and never miss a moment in the markets.
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CRYPTOCAP:BNB BINANCE:BNBUSDT BINANCE:BNBUSDT.P BINANCE:BNBUSD CRYPTOCAP:BNB.D MEXC:BNBUSDT.P
BNBUSDTWhen I look at the data on the monthly frame, we find that all the declines and rises that occurred during the last 31 months occurred within only one previous monthly candle, and this indicates that the market maker does not want the currency to fall or break the bottom of this strong candle. We find that he created strong support that he relied on more than 4 times. It ended with a buying monthly candle indicating the beginning of an upcoming strong rise. Let us see together what the market is happening.
All data on the chart.. Good luck
BNBUSDT - Price can bounce from resistance area to $288Hi guys, this is my overview for BNBUSDT, feel free to check it and write your feedback in comments👊
Recently price entered to triangle, where it bounced from support line and made upward impulse to resistance line.
But then it fell back to support line, after which BNB turned around and rose to resistance line again, breaking $303 level.
Later price exited from the triangle and started to trades in flat, where soon it reached $321 level, which coincided with resistance area.
Then BNb some time traded near this area and even rose higher, but then price made a downward impulse.
Price exited from flat, and broke $303 level too and I think Binance Coin can bounce from resistance area to $288 level.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
BNB very negative scenarioComprehensive Analysis of the Potential Downturn in BNB/USDT: A Bleak Scenario Unfolding
As we delve into the intricate web of factors surrounding the Binance Coin (BNB) and its pairing with Tether (USDT), a comprehensive examination reveals a gloomy outlook that may pave the way for a substantial decline from its current value of $307 to a support line around $47.
The bearish sentiment is deeply rooted in the analysis of a prolonged trading channel, which has played a pivotal role in shaping the recent price action. BNB/USDT has shown signs of exhaustion within this channel, as repeated attempts to breach higher resistances have been met with increasing resistance. This suggests a potential breakdown of the established bullish structure, leading to a significant correction.
A critical aspect adding weight to this negative scenario is the trajectory of the Moving Average Convergence Divergence (MACD) indicator. The MACD line's descent into negative territory signals a waning bullish momentum and a possible shift towards a sustained bearish trend. This decline is indicative of diminishing buying pressure and could precipitate a cascade effect as market participants reassess their positions.
Moreover, the impending breach of key support levels, particularly the $47 mark, could trigger a domino effect of sell-offs. The convergence of technical indicators and the breach of such critical support could catalyze a rapid descent, leading to the aforementioned price target.
In conclusion, the combination of a protracted trading channel, a MACD signaling negative momentum, and the impending breach of crucial support levels paints a bleak picture for BNB/USDT. Traders and investors should exercise caution and consider risk mitigation strategies in the face of these ominous indicators. It is crucial to stay informed and adapt to evolving market conditions, as unforeseen events can swiftly alter the trajectory of any asset.
BNB/USDT 4H ChartI invite you to a quick review of BNB to USDT on a four-hour interval. As you can see, the price is moving above the local uptrend line.
Looking at the current increase, we will unfold the Fib Retracement grid, and we can see that the price is fighting a strong resistance zone from $317 to $321, while we still have resistance at $330.
Looking the other way, there is support at $308.5, while the support zone from $296 to $289 is still important.
The RSI indicator remains in the upper part of the range, while the STOCH indicator exceeds the upper limit, which may result in a price recovery.
BNB: Pullback in UptrendTrade setup : Following a bullish break above $300 key level, price reached as high as $338 but got very overbought (RSI > 80). Now it’s consolidating in a Bullish Flag pattern, which is a continuation pattern that typically resolves in a bullish breakout in the direction of the existing Uptrend. We wait for a breakout to confirm the Uptrend, with upside potential to $350 thereafter.
Pattern : Bullish Flag pattern. Short term small rectangle trading range between diagonal parallel lines. It moves counter to the prevailing price trend observed in a longer time frame on a price chart. It forms typically following a sharp advance and often indicates a small change in direction (or areas of consolidation) before the previous trend resumes. Flag pattern is among the most reliable continuation patterns that traders use because it generates a setup for entering an existing trend that is ready to continue. Trade is initiated on a breakout, if it is in the same direction as the prevailing trend. Also, with bullish flag patterns, traders prefer a breakout with an increase in volume but it isn’t a must.
Trend : Uptrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Mixed as MACD Line is below MACD Signal Line (Bearish) but RSI > 55 (Bullish). MACD Histogram bars are rising, which suggests that momentum could be nearing another upswing.
Support and Resistance : Nearest Support Zone is $300 (previous resistance), then $260. The nearest Resistance Zone is $350.
BNB ANALYSIS🔮 #BNB Analysis 💰💰
🌟🚀In 1hr chart we can see a formation "Rising Wedge Pattern" in #BNB. Currently #BNB is trading near its major resistance level.If #BNB holds and sustains this resistance and if #BNB breaks it then we will see a good bullish move.💲💲
🔖 Current Price: $317
⏳ Target Price: $337
⁉️ What to do?
- We have marked some crucial levels in the chart. We can trade according to the chart and make some profits in #BNB. 🚀💸
🏷Remember, the crypto market is dynamic in nature and changes rapidly, so always use stop loss and take proper knowledge before investments.
#BNB #Cryptocurrency #DYOR #PotentialBreakout
BNB/USDT 1HInterval ChartI invite you to review the BNB chart. And here we can start by defining the downtrend line with the yellow line, then we can use the blue color to mark the upward trend channel in which the price moves at the lower border.
Let's now move on to the trend based fib extension grid, thanks to which we can see how the price is struggling with the support at $311, after breaking out from the bottom we can see support at the price of $304, and the support zone from $299 to $293 will be more important.
Looking the other way, we can use the mesh to check the places of resistance. And here we can see effective resistance at the price of $318, but when the price overcomes it, we can see an increase towards the strong resistance zone from $332 to $339.
As for the RSI indicator and the STOCH indicator, similar behavior can be seen here as in the case of BTC and ETH, because exceeding the upper limit on the STOCH indicator resulted in a rebound on the chart and the RSI indicator.