Can BNB reach around $1000 ?...The BNB is in a ascending triangle now which means the price will increase and also It is expected that the price would at least grow as good as the measured price movement(AB=CD)
Note: we should wait for the breaking of the triangle and than make a move!
See my first anaysis on BNB in 2020
✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us.
Best regards CobraVanguard.💚
_ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
BNBUSDT
BNBUSDT Up trend continuationBNBUSDT is currently consolidating just below the psychological level at 600, having formed a double top, suggesting a potential pullback toward the support level. Zooming out, we can observe an ascending triangle pattern with higher lows, indicating accumulating buying pressure. The market appears likely to continue consolidating within the 570-600 range before a potential breakout. A bounce off the channel border and trendline, located at the bottom of this range, could serve as a strong rejection signal. Such a move would imply renewed buying interest, possibly leading to a continuation of the upward trend. The target is the resistance zone around 600
BNB/USDT 1day chart analiysis. BNB is currently trading at around $584, moving within a tightening consolidation pattern. This pattern is bounded by a symmetrical triangle, with the upper trendline acting as resistance and the lower trendline as support.
The green line at approximately $713 represents a significant resistance level. A breakout above this level could indicate a strong bullish movement and potentially open up higher price targets.
The chart includes a red and green moving average, representing short-term and long-term trends, respectively. The price currently sits close to the red line, indicating that it’s approaching a critical point.
An upward arrow indicates a potential breakout scenario above the resistance level. This suggests that if BNB breaks out of the triangle pattern and crosses the $713 resistance level, it could continue its bullish momentum toward higher price zones.
In case of a rejection at resistance, the dotted green path suggests that
BNB might retrace to retest lower levels, potentially finding support around $520 or even lower within the triangle.
A breakout above $713 could trigger a bullish continuation, making BNB attractive for swing traders looking for upward momentum.
A failure to break the upper trendline may see BNB consolidating further within the triangle or dropping to lower support zones.
Disclaimer: This analysis is for informational purposes and is not financial advice. Always stay updated with market movements and adjust your trading strategies as needed.
You can DM us for information on any other coin.
@Peter_CSAdmin
BNB/USDT 4h chart review Hello everyone, let's look at the current situation of BNB in the USDT pair considering the four-hour interval. In this situation, we can see how the price, despite the rebound, remains above the local upward trend line.
Let's start by setting goals for the near future, which include:
T1 = $613
T2 = $626
T3 = $652
Now let's move on to the stop-loss in case the market continues to decline:
SL1 = $592
SL2 = $579
SL3 = $559
SL4 = $545
Looking at the RSI indicator, the recovery resulted in a significant move on the indicator, but there is still room for a larger decline.
BNBUSD / OVERALL DOWNWARD PRESSURE / 4HBNBUSD / 4H TIME FRAME
HELLO TRADERS
Current Status , Prices are attempting to stabilize above 585.4 ,If successful, the price is expected to rise towards a supply zone between 605.8 and 619.1.
Uptrend Confirmation , For an uptrend to be confirmed, the price must break above the supply zone between 605.8 and 619.1.
Downtrend Scenario , If prices break below 585.4, it indicates a likely decline towards a demand zone between 571.8 and 565.5 , To confirm a downtrend, prices would need to break below this demand zone.
Range & Direction , The price is currently fluctuating between the supply and demand zones. Breaking either side of this range will help determine the future direction.
General Market Sentiment, Despite the analysis of potential movement in both directions, the overall tendency suggests the prices are under downward pressure.
Supply Zone : 605.8 and 619.1.
Demand Zone : 571.8 and 565.5.
Binance Coin (BNB)The world's largest crypto exchange by volume, Binance continues its push into the embattled crypto mining industry with a plan to begin offering a crypto cloud mining product next month. crypto miners have had a tough year, with the price of bitcoin having hung around $20,000 for months, a far cry from its peak above $68,000 in November 2021. Other cryptos have faced similar or even worse declines. One of the largest mining-related firms in the U.S. filed for Chapter 11 bankruptcy in late September. Other companies, however, are seeing opportunity from this crisis, with CleanSpark going on a buying spree of mining rigs and data centers, and DeFi platform Maple Finance starting a $300 million lending pool
Binance Pool announced its own $500 million lending fund for bitcoin miners last week and said it would enter cloud mining, a service that allows investors – who otherwise might not be able to buy and operate their own equipment – to rent crypto mining machines. The official launch of the cloud mining service will come in November.
BNB can back to 300 in a short time but 195 is a good price for entry and long term investment
Positioning for Potential: $BNB Set to Break Out!I think it’s time to consider taking a position in $BNB. It has been ranging for a while, and the weekly timeframe is finally showing some strength.
I’m anticipating a break of the purple line within this week, or by next week at the latest.
The time@mode is still to be confirmed, and the Point of Control is just a few percentage points away from current prices. The bi-weekly chart looks much more constructive compared to other timeframes, so it’s definitely something to keep an eye on.
Also, be prepared to play betas on this one; Simon’s Cat is one to add in case CRYPTOCAP:BNB goes on a rampage toward $1k.
BNB/USDT 1H Chart Hello everyone, let's look at the current BNB situation considering the one hour interval. In this situation, we can see the price rebounding from the downtrend line.
Let's start by setting goals for the near future, which include:
T1 = $577
T2 = $587
T3 = $601
AND
T4 = $619
Now let's move on to the stop-loss in case the market continues to decline:
SL1 = $567
SL2= $555
SL3 = $546
SL4 = $535
Binance $1000Couple of months ago i made an idea where i said BNB was going into price discovery:
Which it did, but then it retraced the movement and crushed all bulls. Making a nasty fake breakout.
I'm trying to long again this time, because the price as recovered since then and has been strong testing the resistance made from $600.
I'm very convinced we will be seeing BNB skyrocketing to 1k. Binance is the most profitable business in the whole crypto industry.
Stay frosty.
BNB/USDT Trading Scenario UpdateAt the beginning of 2024, after a short-term accumulation phase, BNB showed a significant increase, reaching a local maximum of $723.5. This growth amounted to more than 140% from previous levels. Currently, the asset is in a prolonged accumulation phase, which has been ongoing since March until the present day.
From a volume profile perspective, the current price zone represents significant interest for market participants. It is also important to note the shift of significant volumes and the Point of Control from the $315 level to $584.
The shift of the POC to a higher level ($584) indicates that market participants are showing interest in buying at higher prices, which in turn could serve as a prerequisite for sustainable price growth in the future.
A breakout of the local maximum level at $723.5, followed by consolidation above, could open up the potential for further growth of BNB. If this resistance level is successfully overcome, the asset may enter a bullish trend phase with new price targets.
Dual Strategy for BNB/USDT: Buy or Sell OpportunitiesBuy Strategy:
Entry: Look to enter a long position if the price holds above the 563 - 567 support zone, showing signs of a reversal.
Target: Aim for the 581 resistance level as your first profit target.
Stop Loss: Place a stop loss below the 563 level to protect against further downside.
Sell Strategy:
Entry: If the price fails to break above 581 and shows signs of weakness, consider entering a short position from this resistance level.
Target: The first target could be the 563 - 567 zone. If price breaks below this, the next target is around the stronger support zone between 540 - 550.
Stop Loss: Place a stop loss above 581 to minimize potential losses in case of a breakout.
By balancing these two approaches, you can capitalize on price movement whether it goes up or down. Good luck with your trades!
PEPE + BNB Will Moon Just Like ETH Did In 2017 17 year experienced trader here sharing my thoughts to help the crypto community.
As everyone knows this is a very important time for the market as we are approaching the end of the 3rd year of the 4 year cycle . Year 4 has always been ALTSEASON . The charts I am sharing with you are setting up to have HUGE runs into 2025. In teh video I share with you my reasoning on why this meme coin and BNB will explode higher just like ETH did back in 2017 . ETH was the the daddy back then and now MEME coins are the hot narratives (look at how many meme coins that Binance have listed) and there is a reason for it . Meme coins are bring in heavy trading volume for exchanges creating good revenue and they also bring in new crypto people to the community , we have seen xrp bring in millions of people , then we seen DOGE bring in millions of people then SHIB and then PEPE . Each ALTSEASON it has been a new meme coin that helps bring in and grow the crypto community so this time will be no different . This time we have new coins like NEIRO that can moon also but that is for another video .
Do not sleep on these coins and if u need any help or have any questions please just send me a message and I will be happy to try my best to help .
Have a great weekend
MartyBoots
#BNBUSDT Showing Signs of Weakness | Is it Time to Sell #BNB? Yello, Paradisers! Are we about to witness a major #BNB breakdown or a move upward? Let's discuss the latest analysis of #BinanceCoin:
💎#BNBUSDT has been showing clear signs of weakening bullish sentiment, much like Bitcoin. Recently, we observed a failed breakout from a key resistance zone, further strengthening the bearish outlook. Now, as #BinanceCoin approaches this major resistance again, there’s a real possibility it could fail to break through once more.
💎The diminishing trading volume and the Point of Control (POC) from the VRVP indicator acting as resistance increase the chances of a further drop. If #BNB fails to break the crucial resistance zone between $610-$637, it’s highly likely we will see a retest of the Bullish Order Block (OB) at $471.6.
💎However, should #BNB fail to hold at $471.6, the next major support zone to watch is at $387. This area is rich in liquidity and could create a strong opportunity for a pullback if tested.
💎On the flip side, if the symmetrical triangle’s lower support holds up well, we could see the bulls regaining control, potentially sparking a bullish rally. Keep in mind that the overall market sentiment, along with Bitcoin’s price movements, will play a key role in determining #BNB’s next move.
If you want to be consistently profitable, you need to be extremely patient and always wait for high-probability trading opportunities.
MyCryptoParadise
iFeel the success🌴
BNB - BEST Buy ZonesHistorically , large wicks usually get filled almost in the same way that a gap gets filled. It may not be soon, but if you're willing to wait a few weeks (or even a few months) you could get in lower and buy at a more ideal price.
(see Warren Buffet's trading philosophy on Buying at the RIGHT PRICE👇)
The particular wick in reference is the following one. The range is extremely wide, and there's a $100 gap where you could possibly dollar-cost-average:
Even if we would fall this low in the SHORT term, the price would still be bullish - we are evidently still trading in a bullish cycle, as this is likely a multi-month corrective pattern paying out. If you've been following for a while, you'll know i have been referring to this multi-month cycle on numerous occasions; anticipating the final impulse wave up according to Elliot Wave Theory (wave 4-5).
In the meanwhile, you could get lower entry prices on your favorite altcoins.
__________________________
BINANCE:BNBUSDT
BNB Locked in a Persistent Downtrend: Navigating the Bearish Ch.**BNB Locked in a Confirmed Bearish Channel: Deeper Correction Ahead?**
In our previous analysis of BNB, we identified the 618.60 level as a pivotal resistance zone, marking a significant turning point for the asset. This zone acted as a major barrier, and true to form, BNB was unable to sustain its upward momentum after testing this level. As a result, the market has shifted gears and is now signaling a deeper bearish correction.
Today’s price action saw BNB decisively break below the 595 level, reinforcing the confirmation of a bearish trend that has been gradually building. The strength of this breakout appears solid, with technical indicators aligning to suggest further downside potential. The pattern forming in the charts looks robust, further enhancing the probability of an extended bearish movement.
This shift in sentiment raises the likelihood of a more pronounced downward correction in the coming sessions. Based on the recent breakdown and the broader technical picture, BNB now faces the possibility of testing key support levels at 545 and 500. These zones may serve as critical areas where buyers could re-enter the market, but until then, the bearish outlook remains firmly in play.
The confirmation of this bearish movement, which was already anticipated in earlier analysis, adds weight to the idea that BNB's recent price action is part of a broader correction cycle. Traders should closely monitor how the asset behaves around the 545 and 500 levels, as these areas will be pivotal in determining whether the correction continues or if a potential rebound is on the horizon.
In conclusion, BNB's confirmed bearish channel signals a potential for further declines, with key supports looming ahead. While the overall technical setup suggests that the market may see increased selling pressure, the upcoming tests of the 545 and 500 zones will be crucial in shaping the next phase of BNB’s price action.
Traders, if you found this idea helpful or have your own insights to share, feel free to drop a comment. I’d love to hear your thoughts!
The Patience Game: Waiting for Binance to Drop to $335 demandLook at the significant monthly demand level for Binance’s BNB at $335. The chart below displays where this imbalance is situated. Will Binance decrease to that level? We cannot say for certain, but it is what we anticipate in the upcoming weeks. It is possible that Binance will not drop and instead continue to surpass its all-time high, but we are discussing probabilities here.
$BNB $BNBUSDT Daily Analysis After sweeping the daily highs in the weekly supply range, strong bearish momentum kicked in and we got daily bearish choch and a new supply to trade in if the price ever reaches to that zone.
My expectation is as drawn on the chart. Will look for sells if the price reaches to $600 levels