BNBUSDT - Buy opportunityBINANCE:BNBUSDT
Hello Traders
BNBUSDT is showing potential buy:
1. Daily timeframe: Price approach strong support.
2.H1 time frame: EMA34 is now moving above EMA89/EMA200 => strong buy momentum.
BNBUSDT
BNB Review 4HInterval Looking at BNB vs USDT, also on a four-hour timeframe. First of all, using the blue lines, we can mark the downtrend channel from which the price went up.
As we can see from the unfolding of the fib based trend extension tool, the price stays just above the first support zone from $247 to $242, however, when the price falls below this zone, we can see a drop around the second strong zone from $234 to $229.
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 very strong resistance at the price of $ 253, only when the price positively tests it should try to attack the level of $ 261.
When we turn on the EMA Cross 10 and 30, we can see the confirmation of the uptrend. The CHOP index indicates that we have a lot of energy for the next move. The MACD indicator struggles to maintain a local uptrend. On the other hand, on the RSI we are moving in the upper limit, but we have some space for the price to try to attack the first resistance.
BNBUSDT Analyst. GET READY!!!Hello everyone! I want share my idea about BNBUSDT.
After Bitcoin and almost whole market massive uptrend, BNB after drop at the moment still looking bearish. but we have interesting moment here.
BNB broke weekly uptrend trendline touch then touch to weekly demand zone and its going up with little up movement which looks like its correction. whole market is bullish but BNB is still at low price we have price up 89 moving average but for long we need brake this trendline to up and new HL.
Why big boys didn't buy BNB its interesting, but finally I believe we will see big uptrend from here. and my price prediction is here for BNB-it will brake 1W resistance and with new HL show us new year high, what we need to do only wait.
BE PATIENT!!!
HelenP. I Binance Coin can fall little and then make impulse upHi folks today I'm prepared for you Binance Coin analytics. A few days ago price bounced from 225 point to the resistance level, which is located inside the resistance zone. But in a short time, BNB declined below the support level to the support zone. Next, Binance Coin started to grow to the resistance level and even rose higher to the trend line, but at once price rolled down and made a strong downward impulse to the support zone. Price some time traded close to this zone and later declined lower it. Then the price started to move up and a few time later reached the resistance zone, which coincide with a trend line, thereby breaking the support level with the zone, but also recently BNB fell below, where it continues to trade. I expect that price can decline a little and then bounce up to the trend line. As well maybe BNB can break this line, make a retest and bounce higher of resistance level. For this reason, I set up my target at 252.5 level. If you like my analytics you may support me with your like/comment ❤️
BUY BNBUSDT : LONG ENTRY SIGNALWhat should I say?
It's going up. See for yourself.
TP-01 : $285.00
If I don't post an update by then, let me know and I'll do so.
BNBUSDT at monthly support, likley to head to 261 and 306The green zone marked on the chart is the confluence of monthly, weekly and daily supports. Therefore, it presents a very strong support area for the price to hold. Even during the brutal drop the price experienced a few weeks back, this is the zone where the price held and bounced back. Then there was a dip into this zone again to retest that area and now it is bouncing again from that zone. I believe the price is heading for the daily resistance DR1 zone first where it may experience some pullback and then head for the weekly resistance WR1. There might be some struggle at daily resistance DR2 zone but I believe that would not be significant in case price reaches there.
BNB/USDT 4H Interval ReviewI invite you to the third chart, this time BNB on a four-hour interval. As we can see, the price moved down from channel A of the uptrend, then the price moved in channel B of the downtrend, in which the low was higher than in channel A. Which gave us an upward exit from channel two and a move along the local uptrend line.
Using the trend based fib extension tool, we will check support places for the BNB price. And here you can immediately see that we have a support zone from $234 to $229, which is currently holding the price. However, when we fall below this zone, the price has a second very strong support zone from $221 to $216.
Looking the other way, we can similarly determine the places of resistance that the price has to face. And similarly, we will mark two zones through which the price must pass in order to continue its growth. The first zone starts at the price of $238 and ends at the level of $242, when the price goes up from it, it will move towards the second zone at the levels of $247 to $253.
Here it is worth looking at the EMA cross 10 and 30, as we can see that the red line of the cross 10 ema is approaching the intersection of the green 30 from below, which should result in an uptrend change.
The CHOP index indicates that we have the energy to continue the move, the MACD indicates maintaining an uptrend, while the RSI is moving in an uptrend, with small rebounds, but there is room for the price to go higher in the current moves.
Binance Coin can bounce of resistance level and start to fallHello traders, I want share with you my opinion about Binance Coin. By observing the chart we can see how the price bounced from the support line, which coincides with the buyer zone to the resistance line, thereby breaking two levels. After this, the price made a strong downward impulse back to the support line, declining below the 241.5 level. Next BNB some time traded between support and resistance lines, and after one more time correction, it bounced up to the resistance line of the pennant, thereby breaking past the resistance line. Inside the pennant, the price very much declined to the support line, which is located below the buyer zone. But a not long time ago BNB roll up and started to rise and recently even exited from the pennant and now trades close resistance level. I think Binance Coin can bounce down of this level and then start to fall. For this reason, I set up my target at the 235 level. Please share this idea with your friends and click Boost 🚀
What do I do with BNB?TLDR:
• Although the bearish pressure on BNB is reduced. It is not yet clear that the downtrend is finished.
• To confirm a trade reversal, I will wait for a long signal from the TTM Squeeze indicator.
Background:
• BNB is in a continuous downtrend since the 17th of April 2023.
• Fundamental news regarding Binance US has exacerbated BNB’s situation and increased the downside momentum.
• Since June 11th selling pressure has somewhat reduced but momentum is still on the downside.
• If we disregard the wicks, in the past 18 days BNB is moving in an 8% price range.
• This high level of compression is displayed by the TTM Squeeze indicator by the orange dot. The orange dot means the highest level of compression (Keltner channel inside the Bollinger band).
Will BNB’s compression lead to a trend reversal?
• The truth is I don’t know. Nobody does; especially not the trading gurus on YT and CT.
• However, I think that liquidity is to the upside, not down. IMO, candle wicks are the footprint of the MM. Wicks could indicate that MMs are building long positions. The only problem is that I cannot negate another quick move down to shake out the traders that already took long positions.
So, what do we do?
We don’t have to do anything. We wait.
Wait For what?
Trend reversal. A long signal.
How will I know that the trend changed?
1. Bullish RSI divergence.
2. The TTM squeeze indicator is a big help in such a situation. Once the TTM Squeeze histogram moves above the zero line and green dots appear, it’s a sign that volatility is returning.
3. I will also look out for a high-volume green candle and a strong price move away from the range.
Next Support levels:
205 USD.
183 USD.
Resistance:
240 USD.
250 USD.
260 USD.
NFA
What do you think? Please share in the comments.
Best wishes.
Be prepared for the 140 usdtThe decline has not ended yet, and it is assumed that we will go to the shaded area below, including a simple correction, and we will update the analysis at that time.
Note: The analysis fails to close above the 285 usdt
☀️ Skies for Bitcoin & Binance, ☁ Outlook for Ether and AltsSunny weather with a few scattered clouds lies ahead for Bitcoin and Binance in the next 24 hours ☀️, painting a slightly bullish market outlook as investor interest in the crypto sphere remains strong.
However, Ether and many other altcoins face cloudy ☁ or even rainy conditions🌧️, signaling a bearish trend with downside risks.
📈 Over a one-week horizon, ATTMO predicts prevailing sunny trading conditions across most of the crypto market.
Follow us for more crypto weather reports!
BNBUSDTHello Crypto Lovers, This is a 1D frame analysis for BNBUSDT After the initial support line was breached, the price was able to move slightly higher and we expect it to form a double bottom pattern and start to move towards the first resistance line. Keep in mind that if the price is able to remain above the support line with a positive candle, then we can expect further upside. However, if it breaks below the support line completely and closes there, then we can consider a deeper correction. But our priority is the double bottom pattern. 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
Unstoppable BNB Bulls to $400 from $250? Explosive Ride!Bulls are coming, $400 BNB loading.....Don't be deceived by the quietness surrounding BNB while other altcoins are pumping. This pump coming seems to be extraordinary, and it's a chance you wouldn't want to miss. Well sit tight for this one, If you want to join the BNB bulls ship before it sails, here is a free signal to get on board quickly if you read to the end you get free entry, stop and take profit but don't forget to click the boost button to support us if you agree and comment if you disagree.
Chart Analysis: According to MT Pandora's Box, The current support level on BNB around 245 to 250 indicates a potential breakout on the 4-hour chart. A higher low formation suggests a 65% chance of a bounce towards the resistance range of 263 to 268. If the bulls maintain dominance, further targets could reach 300. It is advisable to buy incrementally as the breakout is pending, considering the high volatility of BNB's price. The price may experience back and forth struggles, but once the breakout occurs, it could skyrocket to 409 to 569 if extended. The market sentiment suggests that the bulls are unstoppable, and missing out on this opportunity would be a mistake.
Here at MT traders, we have already started accumulating BNB at around 237. While it is uncertain if $500 will hold them, it's wise not to be too greedy with the take profit target
Moreover, the weekly chart shows a highly bullish market sentiment, and even a slight range entry by BTC could trigger more altcoins to break out, including BNB.
I will be constantly updating this post, so I encourage you to come back and check for updates. It's still a great opportunity to buy before it's too late. If you agree with this idea, please follow and click the "like" icon under this post. If you disagree, please comment below stating your reasons.
📈 🚨 #FREE MT BNB LONG TRADE SIGNAL 🚨📈
👉 🧿 ASSET: CRYPTOCAP:BNB (BNB/USDT)
👉 🧿 ACTION: LONG
👉 🧿 1st ENTRY PRICE: $248.3, $252, $254.5
👉 🧿 STOP LOSS: $226 (Risky stop 237) 👉 🧿 1st TAKE PROFIT: $268, 2nd Tp: $300 (extended TP: , $468, $590)
Remember to trade responsibly and always do your own research. Happy trading! 📈🚨
BNB/USDT Review 4hinterval - Resistance and SupportHello everyone, I invite you to review the chart of BNB in pair to USDT, on a four-hour interval. In the first place, using the yellow line, we can mark the uptrend line that did not hold the price, while currently, using the blue lines, we can mark the downtrend channel from which the price goes sideways.
Now let's move on to marking the places of support. We will use the Fib Retracement tool to mark the supports, and as you can see, we have the first very strong support at the price of $ 234.4, it is equal to 0.618 Fib, the so-called golden fibon point, the second support at the price of $ 228.2, and then we can see a decrease around 220 .1$, which is the location of the last price low.
Looking the other way, we can also mark the places where the price should encounter resistance on the way to increases. And here we see that the price has no strength to break through the resistance at $238.3, however when it does, it still needs to break through the strong resistance from $243 to $249 for the price to move further towards the resistance at $257.4.
Please pay attention to the CHOP Index, which indicates that there is a lot of energy to move. The MACD indicator maintains a local downtrend. On the other hand, the RSI is moving around the lower border, which may give the price an increase in the coming hours.
BNB Versus BTC: A Grim PredictionAlthough this is probably becoming a more 'mainstream' view, I still believe BNB has lower to go. I mainly think that shorting BNBBTC is the best expression of a negative view on BNB and Binance broadly, as I think BTC will probably go higher over the next few months.
As Binance struggles with all these lawsuits and faces issues in and out of the US, its competitors are rising. In my opinion, all exchanges will face lawsuits from the US; it's just that Binance is the biggest target. Recently, regulators or Binance revoked some of its licenses, like the UK, Belgium, Netherlands, and Cyprus.
It's been clear for many years now it has done many shady things for which it would eventually have to pay a heavy price. It's unclear how dire the consequences will be, but it's unlikely that they will escape unscathed. There are also many big questions around BNBchain, which is heavily centralized and controlled by a few people.
BNBBTC peaked when FTX collapsed, a clear sign to go short. Why? Because regulators would have to become more active and mainly focus on Binance as it was selling its FTT and was partially blamed for the collapse. But how low could it go? And why?
In BTC terms, the minimum target is 0.0065. It will probably test that high and sweep the double bottom left untouched. However, as time passes, I think it will go significantly lower and potentially get as low as 0.003.
My reasoning is that 1) More exchanges will rise and compete with Binance, like Coinbase, Gemini, and other TradFi exchanges. Maybe even FTX gets revived (FTX 2.0), 2) BTC will dominate flows and liquidity as the ETF over the next year is almost a certainty, 3) Bitcoin, Ethereum, and their L2s will get the most users. Bnbchain will fail to gain extra traction, 4) Binance will face severe regulatory pressures and lose some court cases.
Finally, as you can see in the chart below, BNBUSD doesn't look healthy at all. It's still extremely overvalued, had a mini blow-off top and failure to reclaim support, has been rejected at the yearly Pivot, and has a massive FVG lower. I believe that the price could get to 150 over the next year, even if Bitcoin keeps rallying.
BNBUSDTAgain, I think BNB hasn't finished its 5-star downtrend, so I'm waiting for it to arrive
Remember the $69 price tag
The condition to reach the price of $69 is the failure of the $183 support
BNBUSDT - Price can exit of pennant and continue to riseHi guys, this is my overview for BNBUSDT, feel free to check it and write your feedback in comments👊
A few time ago price bounced up from support area and rose to resistance level, which coincided with resistance area.
After this, price bounced back and even declined lower of support level with support area.
Next, Binance Coin started to grow near support line and later it reached resistance level again.
Later, price rose to resistance line, and started to decline, thereby entering to pennant.
When price declined it broke support line, made fake breakout, and reached support line.
Recently, BNB bounced up and now trades close support line and maybe it can make a little movement down.
Then price can bounce up, thereby exiting of pennant and continuing to grow to $243.5
If this post is useful to you, you can support me with like/boost and advice in comments❤️
Fire Sale on BNBOn the 4H TF we can see a Head and Shoulders pattern.
The target of this H&S is the 223 USD support level.
IF the 220 – 223 USD level doesn’t hold, next support levels are:
• 205 USD
• 182 USD
Be sure to take advantage of this opportunity.
I am still not posting a trade. I need more clarity. However, if you are a holder, I think that buying spot BNB at these prices is a golden opportunity to DCA. Start at 223 USD and increase position size if it dips further.
NFA
What do you think? Please share in the comments.
Best wishes to all.
HelenP. I Binance Coin can make correction and then start growHi folks today I'm prepared for you Binance Coin analytics. After the price started to decline and broke resistance 2 which coincides with the resistance zone, it bounced down to resistance 1 which coincides with the resistance zone too. But the price didn't can fixed there, broke this level and continue to fall to the trend line. When the price declined to the trend line, it bounced up and started to grow inside the big triangle. Binance Coin even rose to resistance 1, but at once bounced and fell back to the trend line, where the price continued to trade to this day. I think that price can decline to the trend line again, then bounce up and start to grow to resistance 1, thereby exiting of triangle. Therefore I set up my target at a 255 resistance level. If you like my analytics you may support me with your like/comment ❤️
BUY LEVEL TRIGGERED FOR BNBUSDTI'm not sure what's gonna happen with BNB in relation to BTC's next step, but you might cautiously take this into consideration.
BNB has just hit my BUY target and it looks like a decent entry, all things considered.
So, if you feel like having a nibble, now's a decent entry for a long position, but for gawds' sake, don't bet the house. )
BNB: Approaching ResistanceBinance (BNB) technical analysis:
Trade setup : Bearish breakout from Rising Wedge pattern and below 200-day moving average (~$300) signaled bearish trend reversal to downtrend. Then it got very oversold (RSI < 20) near $225 support and bounced up to $260 resistance where it got rejected so far. Now we wait for price to dip back near that $225 support for another swing trade. It’s a higher risk swing trade setup since overall trend is down.
Trend : Downtrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Mixed as MACD Line is above MACD Signal Line (Bullish) but RSI < 45 (Bearish).
Support and Resistance : Nearest Support Zone is $220. The nearest Resistance Zone is $260 (previous support), then $300
BNB/USDT 4H Interval ReviewHello everyone, let's look at the BNB to USDT chart on a 4-hour timeframe. As you can see, the price is above the local downtrend line.
Let's start with the support line and as you can see the first support in the near future is $240.3, if the support is broken then the next support is $237.8, $235.7 and $233.6.
Now let's move on to the resistance line, as you can see the first resistance the price is fighting is $243.8, if it manages to break it, the next resistance will be $246.4, $248.6 and $250.8.
Looking at the CHOP indicator, we see that there is still energy for the move, the MACD remains in a downtrend, while the RSI is in the middle of the range, which may indicate a temporary sideways trend.
