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BNBUSDT

BNBUSDTHello again, *Mars Signals Team wishes you high profits* This is a 4-hour-time frame analysis for BNBUSDT As we analyzed on May 7, we predicted a falling trend to happen and here we can see this decline which equals our precise prediction. R3 on the top of this chart is a resistance area which represents the disability of the price in order to rise. R2 and R1 used to be support areas. And we have S1 that is our long-term support area and demonstrates the support of price at various points even since the past. As it is clear in this chart, the price was able to be supported well at S1 area and after having a great increase up to higher amounts, it was not successful at being supported more and was rejected then. Ultimately by falling toward R2 area and losing the support again via some negative Marubozu Candles, it moved below R1 and then received support at S1 and now we see its fluctuation over this area through some positive candles. Hence it is fluctuating below R1 after losing the support at the symmetrical triangle pattern and we believe it would resume its neutral behavior at its current point, and via more support and via providing us some confirmation candles for the purpose of a rise, more increase will happen then up to some higher amounts. But wait for the retesting process when the price touches S1 and then enter trading and wait for the time to withdraw your profits. Possibly, if the price loses the support at S1, it would experience more decline then. So if the price loses the support and falls downward, more fall is probable at that time down to S2. This area is great to put your orders but you must be attentive and wait for the well support of price at this point and then by a retest and being sure of a rise, it is suggested to enter trading. Remember that by the time the price does not mover over R5 area and fixes itself there, we won’t have the expectation of a rising behavior for it. It is better to activate your stop-loss point and check every detail and information before putting your trade orders and then wait for a proper time to have your next actions. In case you are looking for wise trades and less risky actions, our suggestion will be following our regular updates all the time. 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
Binance Coin WCA - Ascending Triangle PatternHello and thank you for taking the time to read my post. Today, we analyze the Binance Coin (BNB) chart on the USDT pairing on the weekly scale, focusing on a classic price pattern called the "Ascending Triangle Pattern." Ascending Triangle Pattern: The ascending triangle pattern is a bullish continuation pattern that usually forms during an uptrend. It is characterized by a horizontal resistance line and an upward-sloping support line, representing higher lows. The pattern indicates that the buyers are gradually gaining control as they push the price higher, leading to an eventual breakout above the resistance line. Analysis: The general trend for Binance Coin was bearish since 08/11/2021, with the head and shoulders pattern marking the top. However, from 20/06/2022 onwards, we entered a consolidation movement characterized by an ascending triangle price pattern. This pattern displays multiple touchpoints on the horizontal resistance and two clear wicks as diagonal upward slanting support. All of this occurs above the 200 EMA, suggesting a bullish environment i.e a bullish continuation. Price Targets and Resistance Levels: The price target for this pattern is set at 494, representing a ~46% price increase from the current level. On the way to the target, we may face minor resistance at 453. A breakout above the horizontal resistance line would be a strong signal to enter a trade. Breakout Filter: A breakout filter of 5% helps to avoid false breakouts and premature entries. We will continue to monitor the chart closely for any signs of a breakout. Until then, this trade remains a watchlist candidate. Conclusion: The Binance Coin weekly chart analysis highlights the ascending triangle pattern, indicating the potential for a bullish continuation. As we wait for a breakout above the resistance line, traders should closely monitor this chart and consider proper risk management and position sizing before entering any trade. Please note that this analysis is not financial advice. Always do your own due diligence when investing or trading. If you found this analysis helpful, please like, share, and follow for more updates. Happy trading! Best regards, Karim Subhieh
by KarimSubhieh
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 at the lower border of the local triangle. Let's start with setting the support line and as you can see the price stays right at the very strong support at $ 323.5, if the support is broken then the next support is $ 317.6 and $ 310.3. Now let's move on to the resistance line, as you can see the first resistance is $ 326.9, if you manage to break it, the next resistance will be $ 334.2, $ 340.3 and $ 346.3. Looking at the CHOP indicator, we see that there is still energy for movement, MACD indicates that we are on the verge of entering a local uptrend, while the RSI shows that a small price movement causes a large movement on the indicator, which in the short term may negatively affect the price.
by cryptodailyuk
9
BNB to see price rejection at recent lower highPrice action edged closer to the recent high, near $328. A move above the FVG zone ($331.5 - $333.7) and a lower high on 1 & 2 May could see a sell-off. The likely drop could hit the support zone of $316 - $320 (cyan). The support has been steady since mid-March. A close above the lower high ($336) will be an invalidation. Entry: $331.5 (FVG’s lower boundary) Target: $320 (support zone’s upper boundary) Stop-loss: $336 (lower high on 1 & 2 May) RR (Risk-Reward): 2.5
Short
by AMBCrypto_TA
1
Binance Coin: will $320 hold?News are reporting that the level of coins held with Binance exchanger are modestly returning after an outflow caused by the negative news which surrounded this exchanger in the previous period. However, the price of BNB is staying within a relatively lower range. After not being able to clearly break the $350 resistance line some three weeks ago, the coin found a support level around $320. BNB started the previous week around $340, but soon reverted to the down side, reaching its lowest weekly level at $320, where the coin is finishing the week. RSI continues to move around level of 50, however, it seems that the market is more oriented toward the oversold side, rather than on the opposite. Moving average of 50 days slowed down its divergence from MA200 counterpart. It might be just a short break, however, if the move continues, it might lead toward the so-called “dead cross” in the coming period. Charts continue to point on a short-term reversal in the coming period. During the previous week, a short support line at $320 has been clearly tested. The coin still manages to hold above this level, however, in case of persistent selling orders, it might be breached. In this case, the coin will test $300 short term stop, with currently low potential for $280. In case that a move toward the upside occurs, it could be until level of $330. A move toward the $350 resistance line is not probable based on charts at this moment.
BINANCE:BNBUSD
by XBTFX
BNBUSDTHello there, *Mars Signals Team wishes you high profits* This is a 4-hour-time frame analysis for BNBUSDT As we analyzed on May 2, we predicted a rise to happen and here we observe a rising trend after which means our expectation took place correctly. R2 and R1 on the top of this chart are the resistance areas which represents the disability of the price in order to rise. And we have S1 and S2 that are our support areas and demonstrate the support of price at various points. As it is clear in this chart, the price was able to be supported well at S2 and after experiencing a great increase up to higher amounts, it was rejected at some points and was unable to rise more. By the last rejection at R2, the price fell toward S1 area and its triumphs for rise were not fruitful and then we see its decline by a negative Marubozu Candle again after not being able to rise at its last point. Therefore it is fluctuating over S1 area and we believe it would resume its support and via providing us some confirmation candles for the purpose of a rise, more increase will happen then up to R1 or R2 (these are great points to save your profits). But wait for the retesting process and then enter trading and wait for the time to withdraw your profits. Possibly, if the price loses the support at S1, it would experience more decline then. So if the price loses the support and falls downward, more fall is probable at that time down to S2. This area is great to put your orders but you must be attentive and wait for the well support of price at this point and then by a retest and being sure of a rise, it is suggested to enter trading. It is better to activate your stop-loss point and check every detail and information before putting your trade orders and then wait for a proper time to have your next actions. In case you are looking for wise trades and less risky actions, our suggestion will be following our regular updates all the time. Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions. Have a great time
Long
by MarsSignals
2
Binance Coin can continue to fall and break support of triangleHello traders, I want share with you my opinion about Binance Coin. When observing the chart, we can see how the price bounced from the level 300 and started an upward movement. Subsequently, Binance Coin reached the level 330, made a deep correction, continued to grow and broke through the current resistance level. The price rose to mark 350, where the upward movement was completed and the BNB began to decline. Over time, Binance Coin created a downward triangle and is currently trading in the within. We see that after the fake breakdown of the support area 320-315, the price rose to the resistance line of the triangle, formed a downward impulse, made a correction uphill and continued to fall. Not long ago, Binance Coin re-tested the resistance line, bounce off, started falling, and broke through the support level 330. After retesting the current resistance level, the price continued to decline and approached the support area. Binance Coin is currently trading over the support area, but can continue the downward movement and break through it. I think the price after a possible breakthrough of the support area can leave the triangle and continue to decline. In this case, I decided to set the targets in zone 320-315 and at level 310. Please share this idea with your friends and click Boost 🚀
Short
by LegionQ8
6
BNB/USDT 1DInterval Resistance and SupportHello everyone, let's look at the BNB to USDT chart on a single day timeframe. 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 at which the price is currently located is $ 324.8, if the support is broken then the next support is $ 318.8, $ 310.4 and $ 299.1. Now let's move on to the resistance line, as you can see the first resistance is $ 328.2, if you manage to break it, the next resistance will be $ 332.4, $ 336.3 and $ 342.6. Looking at the CHOP indicator, we see that there is a lot of energy for the upcoming move, the MACD indicates an ongoing downtrend, while the RSI is moving around the middle of the range, which makes it difficult to clearly determine the direction of the price.
by cryptodailyuk
BNB/USDT had another rejectionHey guys 👋 Let's get back to BNB here where we see how price had another pullback from upper resistance zone and now we are on the edge of a cliff just waiting for a free fall. So let's see how we will end up here. If you like ideas provided by our team you can show us your support by liking and commenting. Yours Sincerely, Swallow Team 🔱 Disclamer: We are not financial advisors. The content that we share on this website are for educational purposes and are our own personal opinions.
Short
by SwallowAcademy
6
bnb 4hr TF long target -334 usdtdear folks today i tacke long posistion in bnb reson for 4 hr TF symmetrical triangle pattren formed LH & LL formed in last hours so my next target next LL for 334 usdt it will be risk zone because 3 times touched in trend support line still not break up side and down side any way i take long posistion beacuse top side high liqudity supply zone avalible if i am wrong please comment your tthoughts it will help full for me better analysis in my trading journy thanks
Long
by PRABAKARAN1206
BNBUSDTHello and welcome to our analysis, *Mars Signals Team wishes you high profits* This is a one-day-time frame analysis for BNBUSDT In the present chart, R3, R2, and R1 are the resistance areas to mention and all express the unsuccessful attempts of price in order to rise. S1 is a 4-hour support line. And finally at the bottom, S2 is a long-term support area in which the support of price at various points is clearly seen. We can observe that the price was supported well at S2 area for several times and could rise toward R3 but at its last time to rise more, it was rejected and faced a noticeable decline down to our long-term support area. Then by having a recovery mode, the price was capable of fluctuating and supporting at S1 and at the moment we have it moving below R1. Hence, it is fluctuating at the mentioned point and we believe the price to have another decline to S1 and then by receiving more support there, more increase is waiting for it up to R1 or even R2. These are the good points for having your profits saved but wait for the price to break each of them upward and after retesting the market situation and the trend of the price, you can make sure of saving your profits. Bear in mind that by the time the price loses the support at S1 and moves below this area, it faces more decline certainly toward S2. Our suggestion is less decline when the price is moving and fluctuating over S1 line. Please be cautious about various points and details and remember that for enjoying less risky trades. You can obtain every piece of information and details through our analyses and updates. So keep moving with us. 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
Long
by MarsSignals
2
Binance Coin: potential for $300?Ongoing banking crisis with First Republic Bank didn’t have almost any impact on the price of BNB during the previous week. The level of deposits flowing from banks to the crypto market this time was reflected only in BTC`s price. This suggests that the majority of deposits were transferred in the first wave, during the collapse of SVB and Signature bank, and that similar banking crisis will have only minor effect on the prices of crypto coins in case that similar situation occurs in the future. However, on a positive side was the news that the total amount of BTC`s held in Binance wallets has been increased for the first time since the FTX collapse. This might be perceived as a first signal that market participants are slowly bringing back their confidence into Binance exchanger after some time of turbulent period. This will also be positive for BNB. BNB reached its highest weekly level at HKEX:345 and swiftly reverted the price to the downside, ending the week with prevailing selling orders around $320. The RSI took the down-road, ending the week modestly below level of 50. This is one of the indications that the market is headed toward the oversold side. At the same time, positive development is that MA50 continues to diverge from MA200 counterpart, which continues to be supportive for the Golden cross. Charts are pointing that short term reversal might continue in the coming days. There is some probability for the $300 support line to be tested in the coming days. At this moment there is no indication that the price might go lower from this level. On the opposite side, HKEX:330 might be tested again, still, without potential that the $350 might be reached in the week ahead.
BINANCE:BNBUSD
by XBTFX
BNB/USDT 4HInterval Resistance and SupportHello 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 downtrend line. Let's start with the support line and as you can see the first support in the near future is $ 333.4, if the support is broken then the next support is $ 329.6, $ 326.6 and $ 323.3. Now let's move to the resistance line, as you can see the first resistance is $ 337.3, if you manage to break it, the next resistance will be $ 342.2 and $ 348.5. Looking at the CHOP indicator, we see that the energy has been used, the MACD indicates a local uptrend, while on the RSI we could see a large increase and after touching the upper limit, the price rebounded.
by cryptodailyuk
KNCUSDT → Strong consolidation after a resistance break KNCUSDT forms a breakout of range resistance. But this maneuver came at the time of correction of bitcoin and the whole market, so these nuances restrain further growth of KNC. The coin after the resistance breakout forms consolidation in a narrow range, forming a strong support area below 0.600 and a strong resistance at 0.750. The moving averages are also indicating lower volatility and a period of consolidation. Price is forming multiple retests of the strong resistance area, I think that with positive leverage from bitcoin and more positive market sentiment, price will still break that area. Strong support: 0.650, 0.600 Strong resistance: 0.750 (breakout strategy) 0.850 I expect that the price will continue to test the resistance at 0.750 and after the next attempt it will still be able to break it and will start to realize the accumulated potential. Regards to R. Linda!
Long
by RLinda
5