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BNBUSDT

BNBUSDT: Bearish Trend Still Controls the Crypto Market!Price Action Analysis BNBUSDT has broken out of the double-top pattern. The price is moving below the EMA200 line, confirming a bearish trend. Additionally, an Ascending Broadening Wedge has materialized within this ongoing downtrend. The breakout of the lower trendline further suggests the potential for a downward movement toward the designated target area. The momentum indicator The MACD has formed a golden cross before the breakout, signifying a potential downward movement on BNBUSDT. The roadmap will be invalid after reaching the target/resistance area. Support the channel by smashing the rocket button and sharing your opinions in the comment below! "Disclaimer: The outlook is only for educational purposes, not a recommendation to put a long or short position on the BINANCE:BNBUSDT "
Short
by financialfreedomgoals101
BTCUSDT DAILY : LAST CHANCE FOR BUYHi Guys. Hope you well and start great week. With the change in the daily and the decrease in the momentum in the fall, I expect to break the trend and enter the accelerated movement towards 32000. SecondChanceCrypto ⏰5/JUNE/23 ⛔️DYOR Always do your research . If you have any questions, you can write them in the comments below.and I will answer them. And please dont forget to support this idea with your likes and coments. Please Join our free channel in bio
Long
by Secondchancecrypto
Binance Coin can break support level and exit of triangleHello traders, I want share with you my opinion about BNBUSDT. Looking at the chart, we see how the price, after a fake breakout of the support level, bounced and began to move up. Binance Coin formed an upward momentum and, after a small correction, grew to the level 350. The price bounced off the resistance level and began to decline. After several corrections and several repeated tests of the resistance line, the price continued to fall. Over time, Binance Coin created a downward triangle and for a long time trades in the within. In the within of the triangle, the price formed a seller zone 313-315, from which it continued to fall and reached the support level. After retesting the support level, the price increased, re-tested the seller zone and approached the support level, but didn’t test it. Not so long ago, the price made an upward correction, and after retesting the resistance line of the triangle, which coincide with the seller zone, Binance Coin continued to fall. The price is currently trading at level 301 and could break through it and leave the triangle. I think the price after breaking through the support level can continue the downward movement. In this case, I decided to set the targets at level 296 and at level 288. Please share this idea with your friends and click Boost 🚀
Short
by LegionQ8
4
BNB: Rising WedgeBinance (BNB) technical analysis: Trade setup : Trading in a Rising Wedge pattern, price pulled back near $300 support zone, which could be an attractive swing entry with upside potential to $340. Previously, after a bullish breakout from Falling Wedge pattern, price reached our target of $340 but got rejected 4x thus far. That’s also a level where it got rejected last year in August and November. Patterns : Rising Wedge It usually forms after an uptrend and suggests a potential bearish reversal in the original uptrend. When price breaks the lower trend line the price is expected to trend lower. Emerging patterns (before a breakout occurs) can be traded by swing traders between the convergence lines; however, most traders should wait for a completed pattern with a breakout. Trend : Downtrend on Short- and Medium-Term basis and Uptrend on Long-Term basis. Momentum is Mixed as MACD Line is above MACD Signal Line (Bullish) but RSI < 45 (Bearish). MACD Histogram bars are declining, which suggests that momentum is weakening. Support and Resistance : Nearest Support Zone is $300 (previous resistance), then $260. The nearest Resistance Zone is $340, then $400.
Long
by altFINS
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 below the local downtrend line. Let's start with the support line and as you can see the first support that is currently holding the price is $305.9, if the support is broken then the next support is $298.6, $292.9 and $287.1. Now let's move on to the resistance line, as you can see the first resistance is $313.1, if you manage to break it, the next resistance will be $320.4, $326.3 and $332.6. Looking at the CHOP indicator, we see that there is a lot of energy for the upcoming move, the MACD indicates that the local uptrend is maintained, while the RSI is in the lower part, although the price may go a little lower, there is a lot of room for growth.
by cryptodailyuk
BNB Long Entry and TargetIn a previous post I shared my concern that BNB may not hold the up trending support line. Current Situation: ATM it looks as if BNB is breaking the diagonal trendline support. If you are in a short, congratulations. Regardless, it seems like a good time to look for a long entry. Entry Levels: To determine my entry, I will use Horizontal support levels and the RSI level will trigger the timing of the entry. The range between 260 USD and 300 USD is strong support for BNB. To narrow this range further we can use the imbalances that BNB left on the Chart in March (The green boxes) between 275 USD and 300 USD. I expect BNB to fill at least the first imbalance between 288 USD and 300 USD. IMO, BNB is not likely to fill the lower Imbalance between 276 – 285 USD. If you look at previous lows (December and March) you will find that BNB responds very well to the oversold level of the RSI (at 30 or lower). My plan is to enter a long based on two conditions: 1. The upper imbalance (at least) is resolved 2. RSI is at 30 or lower. Target: BNB has a few resistance levels on the daily chart: 1. 345 USD upper resistance of the range. 2. 400 – 414 USD Horizontal resistance. The 400 level is a round number and there is a wick close to that level since November. 3. 461 USD is a horizontal resistance as well as the 1.618 target. Consider TP at these levels. Trade Idea: Entry: 290 USD SL: 275 USD Target: 460 NFA. Will appreciate feedback.
Long
by NewThoughtCrypto
BNB/USD Daily Price Targets — June 2023Hey traders, looking at the price action of Binance Coin to the U.S. Dollar on the daily time frame, it’s clear we can see higher lows from the ‘market bottom’ last summer during the 3 Arrows capitulation event. From here, we saw a higher low from SBF’s capitulation event and from here, we created this parallel trend that’s been held on this most recent swing low. Now, we don’t have anymore capitulation events (that i’m aware of), the US just passed the debt ceiling bill so they aren’t going to default, and all FUD is turning to be a farce. I’m expecting some consolidation around this $293 - $300 level (in this parallel trend) until we inevitably reverse back up towards the Feb 2021 swing high level and above. Unless Binance itself crashes, this coin and the rest of the market, especially Litecoin is getting primed for the halving event and future growth to the upside. If we drop lower and lose $258 somehow, then that’s another story and Binance would be on the loom of the next great financial disaster. Highly unlikely, but possible as all things have a possibility, we need to make our best educated guess. I’m expecting June to be another slow month of selling off until we see that market reversal back up, this should happen in tandem with Litecoin’s event later this summer. As always, please do your own research. This is not financial advice or meant to be in any shape or form, and the chart is meant as art only.
by kyer
BNB/USDT 1DInterval Resistance and SupportHello everyone, I invite you to review the BNB chart on a four-hour interval. At the beginning, we will use blue lines to mark the uptrend channel from which the price is currently breaking sideways. Importantly, we are just below the EMA Cross 200, it is important that the price maintains this level and returns above 200 to continue the uptrend. We will now move on to marking the price support locations and we see that we first have support just below the price at $300.6, but if the price goes lower, we have another support at $284.8, then at $269.2 and another support at $247.4. Looking the other way, we can similarly determine the places of resistance that the price has to face. And here we see that the price is currently at a very strong resistance zone from $309 to $330, when it manages to break out above this zone, the price will move towards strong resistance at $359.7 and further towards resistance at $398 $. The CHOP index indicates that there is a lot of energy for the upcoming move, the MACD indicates a trend change to an uptrend, while the RSI has a rebound and is in the lower part of the range, which is important that the rebound on the indicator gives room for new price increases.
by cryptodailyuk
BNBUSDT.1DHello dear friends, *Mars Signals Team wishes you high profits* This is a daily time frame analysis for BNBUSDT.1D We are in the daily time frame. As you can see, after hitting the resistance line, the price could not stabilize above it and fell. Currently, the price has started to move towards the first support line and we expect it to support the price once again. But if it cannot stabilize above it, we expect more fall. 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
BNB/USDT 1DAY UPDATE BY CRYPTOSANDERSHello, welcome to this BNB/USDT 1DAY chart update by CRYPTOSANDERS. I have tried to bring the best possible outcome to this chart. Show some support, hit the like button, and follow and comment in the comment section. this motivates me to bring this kind of chart analysis on a regular basis. CHART ANALYSIS:-BNB, or Binance coin, was also in the green to start the week, with prices moving to a multi-week high in the process. Following a bottom at 307.53 on Sunday, BNB/USD rose to an intraday peak of 316.83 earlier today. This surge saw BNB hit its highest level since May 9, when the token was trading above 320.00. BNB is now trading 2% higher than at the same point last week, with today’s rally sending the RSI to its strongest reading since May 1. In addition to this, the 10-day (red) moving average (MA) is also moving towards an upwards crossover with the 25-day (blue) MA. Should this cross take place, there is a good chance that BNB will move towards a long-term ceiling at the 340.00 mark. This is not a piece of financial advice. Hit the like button if you like it and share your charts in the comments section. Thank you
by CryptoSanders9563
BNB/USDT SHORTTERM Resistance and Support Hello 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 uptrend line. Let's start with the support line and as you can see the first support in the near future is $312, if the support is broken then the next support is $310, and then we have a support zone from $308 to $306. Now let's go from the resistance line, as you can see the first resistance is $316, if you manage to break it, the next resistance will be $318 and $320. Looking at the CHOP indicator, we see that the energy has been used, the MACD indicates the maintenance of the local uptrend, while when the RSI touched the upper limit, it gave a price correction.
by cryptodailyuk
1
Binance Coin made small correction and can continue to fallHello traders, I want share with you my opinion about Binance Coin. Watching the chart, we see how the price made a fake breakout of the seller zone and began to fall. Binance Coin broke through the level 316.5 and, after a small correction and a test of the current resistance level, continued to fall. Below, the price formed a support area 302.5-301.5, which was retested, bounced, and approached the resistance level. Without testing the resistance level, Binance Coin continued to move down, creating a downward channel. Binance Coin did not trade long in the within of the channel and after a retest of the support line increased, broke through the resistance line and left the channel. For a while, the price traded close to the resistance level and not so long ago began to fall and reached the support area. Now the price has retested the support area, formed an upward correction and continues to decline. Binance Coin can continue downward and break through the support area. So, I decided to set the target in zone 301.5-302.5. Please share this idea with your friends and click Boost 🚀
Short
by LegionQ8
6
BNB/USDT 1DInterval Resistance and SupportHello everyone, welcome to the BNB vs USDT chart review. As we can see, the price has moved downwards from the uptrend line, while currently we will use the blue lines to mark the downtrend channel in which the price is moving in the lower range. Let's start by marking the support spots for the price and we can see that the price is currently in a strong support zone from $310 to $299, however, if the price goes lower, we can see a strong drop in the price even around $268. Looking the other way, we can similarly determine the places of resistance that the price has to face. And here we see that the price is currently bouncing off the $312 resistance. Next we have the resistance at $320, and the third resistance at $326, once the price breaks it will move towards the strong resistance zone from $331 to $339. The CHOP index indicates that there is a lot of energy for the move, the MACD, despite several attempts to change the trend, is still in a downtrend, while the RSI is moving in the lower part of the range, which gives room for price growth, but it is worth noting that there is room for the price to fall even more a little lower.
by cryptodailyuk
BNBUSDT.1DHello dear friends, *Mars Signals Team wishes you high profits* This is a time frame analysis for BNBUSDT.1D We are in the daily time frame. As you can see, the price could not break the resistance in front of it and is moving towards its first support line. There are two scenarios. First, if the price cannot provide support and penetrates below its first support line, it is expected that its second support line will move and we have to wait and see if the price gives us a return announcement in the lower time frame. Second, until the price cannot penetrate above our resistance line and stabilize above it, we cannot expect an upward trend 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
2