BNB UppdateSo it looks like we have a good setup for some friday Bleeding in the crypto market.
looking to short Bnb inside the imbalance.
BNBUSDT
BNB/USDT Weekly Chart Analysis:!!The BNB/USDT weekly chart shows a long-term uptrend with a series of higher highs and higher lows since early 2021.
Recently, BNB has been in a consolidation phase, oscillating between strong support and resistance zones, but maintaining a long-term ascending trendline.
The key support level is around $450, which aligns with the long-term ascending trendline. This level has consistently acted as a solid floor for price action during pullbacks.
A major resistance level is around $676, marked by the previous high. A successful breakout above this level could open the door for further upside movement.
A continued bounce from the ascending trendline with a push towards the resistance at $676. A breakout above $676 could trigger a rally toward the $1,000 mark, with further upside potential in the longer term.
A failure to hold the support at $450 could lead to a deeper correction towards the next support level around $335 or lower.
The chart hints at a potential cup and handle formation, with the "cup" part of the pattern forming since the high in 2021. A breakout above $676 could confirm this bullish continuation pattern.
The smooth green curve suggests a possible projected path of the price, anticipating a gradual climb if key resistance levels are cleared.
Indicators and Volume:
Monitoring volume trends will be crucial; increased volume during a breakout above $676 would confirm the move's strength.
Oscillators such as RSI nearing overbought levels may indicate short-term pullbacks, but the overall trend remains bullish as long as the ascending trendline is respected.
The long-term outlook for BNB remains positive, especially if the price maintains above the ascending trendline. The projected path indicates potential growth towards $1,300 and beyond, contingent on maintaining the current upward momentum and breaking significant resistance levels.
A stop-loss just below the $450 support is advisable for long positions to mitigate downside risk.
For those looking at bearish setups, a confirmed break below the ascending trendline could warrant short positions targeting lower support zones.
The chart analysis suggests a strong bullish trend continuation for BNB, with significant upside potential if key resistance levels are breached. Watching how the price reacts around the $676 resistance will clarify the next major move further.
Disclaimer: This is not financial advice. Stay updated with market movements and adjust your trading strategy accordingly. Keep an eye out for further updates and analysis. Thank you!
BNB/USDT Chart Update!!Analysis: BNB/USDT continues to trade within a well-defined descending channel on the 2-hour timeframe. The price has recently bounced off a significant support zone around $498 - $505, suggesting buyers are stepping in at these levels. The bounce is taking place from the lower boundary of the channel, and there is potential for a move towards the upper trendline if buying pressure persists.
Disclaimer: This is not financial advice. Stay updated with market movements and adjust your trading strategy accordingly. Keep an eye out for further updates and analysis. Thank you!
BNBUSD / TRADING BETWEEN TURNING LEVEL SUPPORT LEVEL - 4HBNBUSD / 4H TIME FRAME
The overall trend is downward , until trading below turning level at 526.4 .
the current technical indicators suggest that BNBUSD is facing downward pressure as long as the price remains below 526.4. This level acts as a resistance, preventing any significant upward movement. The continued decline towards 502.1 is supported by bearish momentum, which is likely to persist if the price stays under 526.4.
If a 4-hour candle closes below 502.1, it would confirm the strength of the downtrend, potentially driving the price down further to 472.0. This level could serve as a key support, but if broken, it may lead to a deeper decline.
Conversely, if the price breaks above 526.4 and stabilizes, it would indicate a shift in momentum, favoring a potential upward movement. The next targets would be 544.9 and 556.6, where 556.6 acts as a significant resistance. To confirm a true uptrend, breaking and holding above 556.6 would be crucial, as it would signal strong bullish sentiment and a possible continuation of the upward trajectory.
KEY LEVELS :
TURNING LEVEL : 526.4 .
RESISTANCE LEVELS : 544.9 , 556.6 .
SUPPORT LEVELS : 502.1 , 472.0 .
BNB - Daily Buy and Sell Zones Mapped OutThe daily chart for BNB highlights critical levels where buy opportunities may arise (green lines) and where sell pressure could increase (red lines). These zones are key for traders looking to capitalize on potential price movements in either direction.
Disclaimer: Trading involves risk, and past performance is not indicative of future results. Always conduct your own analysis before making any trading decisions.
Feel free to comment, share your thoughts, and follow for more precise trading levels and insights!
BNB/USDT 1DAY CHART UPDATE !!Focusing on long setups, here is the daily chart of Binance Coin (BNB) against Tether (USDT). Here is the interpretation:
The chart shows a horizontal support line near the $461 mark, which has been tested multiple times. This area is crucial for maintaining the overall uptrend.
An ascending trendline starting from prior lower levels is shown, providing additional support and reinforcing the bullish bias if BNB stays above this line.
The green line outlines a potential path where BNB could fall slightly, possibly towards support near $461, before bouncing back. The projected move suggests that a significant rally could follow if the support holds.
Potential resistance levels are visible around $535 and further up, where the price could face challenges.
The outlook remains bullish if BNB can maintain support above the ascending trendline and key horizontal support, targeting higher targets as indicated by the projected path.
Overall, the chart suggests a bullish long-term outlook for BNB if it continues to respect key support levels and the ascending trendline. A possible initial pullback before a strong upward move is possible.
Note: This is not financial advice. Stay tuned for further updates and analysis. Thank you!
BNBUSDT - LONG [Daily Signal]Also, among the coins with large capitalization, BNB looks worthy for a long. A small position will not hurt.
Stay tuned.
BNB-USDT 1D ChartHello everyone, I invite you to a quick review of the BNB to USDT chart on a one-day time frame. As you can see, the price has set a new local upward trend line, which is important to stay in the upward phase.
After unfolding the Fib Retracement grid, you can see that the price rebounded from the level of $524, then the second support is at $500, the third support is at $477, and the fourth strong support is at $443.
Looking the other way, there is strong resistance around $561, but much more important is the level of $605 which has currently rejected the increases.
BNBUSD ( BREAKOUT THE CHANNEL ) ( 4H )BNBUSD
HELLO TRADERS
Tendency , the price is under bullish pressure , after breakout the channel .
Turning Level: The price is currently trading above this level around 512.2 . As long as it remains stable and stays above this level, a rising toward the resistance level (1) is likely . However, if the price breaks under this level and a 4-hour candle closes below it, an downward move toward the support level (1) can be expected.
support Level (1) : around 488.2 , The price is currently above turning level . To reach this level, the price needs to break and close a four-hour candle below the turning level at 512.2 . If the price reaches 488.2 , and stabilizes below it, it will likely attempt to reach support level (2) .
support Level (2): When the price breaks through support Level (1) and closes a 4-hour candle below it, this suggests it could reach around 468.1 . To confirm an downward , the price needs to reach this level before moving on to support Level (3) at 431.1 .
Resistance Level (1): As long as the price remains above the turning level of 512.2 , it suggests a rising towards 556.2 . If the price reaches this level and stabilizing above it, it will likely attempt to reach resistance Level (2).
Resistance Level (2): When the price breaks through resistance level (1) and closes a 4-hour candle above it, this suggests it could reach around 582.9 . To confirm an uptrend , the price needs to reach this level before climb on to resistance Level (3) at 605.8 .
Channel Trend: the trading rate within the descending channel .
TARGET LEVEL :
RESISTANCE LEVEL : 556.2 , 582.9 , 605.8 .
SUPPORT LEVEL : 488.2 , 468.1 , 431.1 .
My view for $BNB (Binance Coin)My view for CRYPTOCAP:BNB (Binance Coin)
This coin hit my TP1 and TP2 for $540 and $520 yesterday.
The question is: looking at the chart today, is it possible that BNB will hit $520 again?
Trade with risk management.
BNBUSDT could reach the $4000 to $7000 rangeHello Traders,
I'm excited to share my analysis on BNBUSDT using the weekly timeframe.
Looking at the right chart on a standard scale, it's easy to feel confused 😕 as the broader picture is hard to see. However, switching to the logarithmic scale on the left chart, patterns and channels become much clearer. From this perspective, I anticipate that BNBUSDT could reach the $4000 to $7000 range around 12 to 24 months after breaking the resistance at $650.
This analysis is focused on a long-term investment or a long position. I’d love to hear your insights and thoughts on this!
BNBUSDT.1DReviewing the BNB/USDT chart on a daily timeframe, we observe a complex pattern with a notable trend of fluctuation and recent signs of potential recovery. Here's a breakdown of the key technical indicators and patterns that frame the current market sentiment and outlook for Binance Coin.
Key Observations:
Price Movement: BNB has shown a significant downtrend marked by a descending resistance line (R1), which has consistently capped upward movements. The price is currently approaching this resistance line again, suggesting an imminent test.
Support and Resistance Levels:
Resistance Levels (R1 and R2): R1 is currently at approximately $503.7, with R2 higher at $613.5, indicating potential target levels if the price breaks above R1.
Support Levels (S1, S2): S1 is marked at $401.8, with S2 lower at $300, providing critical areas where the price might stabilize if it retraces.
MACD Indicator: The MACD line is above the signal line and both are ascending, suggesting a building bullish momentum. This could be indicative of a shift towards a positive trend if sustained.
RSI Indicator: The Relative Strength Index is near 55, which is moderately bullish and suggests that there is room for upward movement before BNB becomes technically 'overbought.'
Technical Analysis and Conclusion:
The current setup on the BNB/USDT chart indicates a pivotal moment where the asset is testing key resistance at R1. A break above this line could signal a strong bullish reversal, potentially leading the price towards the next resistance at R2. The positive divergence in the MACD supports this potential move, suggesting increasing bullish momentum.
However, if the resistance at R1 holds, we might see a pullback to the support at S1, or further down to S2 if bearish pressures intensify. The presence of a higher low compared to the previous spikes suggests a strengthening in market sentiment, which might underpin recovery attempts.
Trading Strategy:
Bullish Scenario: Consider taking a long position if BNB convincingly breaks and holds above R1. Set a target near R2 with a stop-loss slightly below R1 to manage risk.
Bearish Scenario: If BNB fails to breach R1 and reverses, a short position could be considered, targeting S1. Place a stop-loss just above R1 to limit potential losses.
Traders should closely monitor volume and other market dynamics for confirmation of these movements. As always, external factors such as market news, overall crypto sentiment, and regulatory developments should be factored into any trading decisions to adjust strategies dynamically.
BNB Is Forming an ABCD PatternThe AB=CD pattern is a four-point price harmonic, which involves a partial retracement of the initial price segment, followed by an equidistant move from the completion of the pullback.
Not every impulse and retracement form an ABCD Pattern. I use it under two conditions:
1. AB is an Impulsive move.
2. Sharp retracement up followed by a sharp move down. Use a trendline as a guide.
ABCD Targets:
1. A shallow continuation follows a deep retracement and vice versa.
For example, if BNB retraces in C to 70% of AB, the D point is expected at 1.414. If it retraces to the 0.618 of AB, the D point is expected at 1.618.
Your default should be the 1:1 extension.
BNB is creating a nice ABCD With a target of 350$.
Invalidation: Price > 544$
BNB Is Forming an ABCD PatternThe AB=CD pattern is a four-point price harmonic, which involves a partial retracement of the initial price segment, followed by an equidistant move from the completion of the pullback.
Not every impulse and retracement form an ABCD Pattern. I use it under two conditions:
1. AB is an Impulsive move.
2. Sharp retracement up followed by a sharp move down. Use a trendline as a guide.
ABCD Targets:
1. A shallow continuation follows a deep retracement and vice versa.
For example, if BNB retraces in C to 70% of AB, the D point is expected at 1.414. If it retraces to the 0.618 of AB, the D point is expected at 1.618.
Your default should be the 1:1 extension.
BNB is creating a nice ABCD With a target of 350$.
Invalidation: Price > 544$
Looking for buy opportunities in the crypto market!Hello traders and investors!
I’ve selected four assets in the crypto market where buying opportunities can be considered. Each of these four assets has formed a range, with the seller's impulse completed and the buyer's impulse now active.
BNB : Buyer’s 10-11 impulse, potential targets: 598, 645.2
TON : Buyer’s 6-7 impulse, potential targets: 7.35, 7.72, 8.1582
AAVE : Buyer’s 11-12 impulse, potential targets: 120.08, 132.57
ADA : Buyer’s 5-6 impulse, potential targets: 0.3730, 0.4292, 0.4504
Among these, BNB appears the strongest, as two buyer's zones have formed in the 10-11 impulse. These zones were created when the buyer absorbed a seller's candle with increased volume (the buyer's zone is marked by a blue rectangle on the chart).
ADA, on the other hand, looks the weakest among the four, as it has not yet been able to close a daily candle above the high of the August 8th candle, which absorbed the seller's attack on the lower boundary of the range, forming a buyer's zone.
It's advisable to use lower timeframes when looking for buying opportunities. I have selected examples of lower timeframes for you.
Blood on the leaves.BNB is breaking structure and has also hit the top of the 0.5 Fibonacci level. Back in July, after reaching that point, we went down to the 0 Fibonacci level and are now currently looking for a relief crash down to 0.27 and then 0.618.
We are also in the third wave down according to Elliott Wave Theory, completing the harshest wave. Last but not least, the structure is breaking out of a bear pennant. If you are familiar with price action and technical analysis, you can follow up and see that what I am articulating is accurate. Thanks for reading! :)
WAIT FOR PULLBACK AND BUY AROUND $519BNB is showing bullish momentum, and I remain optimistic about its upward potential. However, I recommend waiting for a pullback to the $519 level before entering a buy position.
This level represents a key area of support, where the price is likely to find stability before resuming its upward trajectory.
For this trade setup, my target profit zone is around $541, with a stop loss set at $512 to manage risk effectively.
If the bullish trend continues, BNB could reach $560 shortly, offering a solid gain opportunity.
Traders should closely monitor price action and confirm signals before executing the trade.
BNB, Silence is deafening.. low key preppin BIG MOVES at bottom.BNB has somewhat been abandoned in terms of price growth in comparison with its big coin peers alongside other alts. It has stayed at the bottom range for quite sometime. A low key reversal maybe on queue that will be missed by majority.
On our weekly data, BNB has tripled bounced on a solid order block at 220-240 range. This has been visited many times and it keeps bouncing off it for the past 12 months. This range is firm -- and a huge bounce maybe warranted after a few tries already.
Increasing volume has been spotted this past few days with numbers surging +20% from its average numbers.
The coin is currently sitting just above 78.6 FIB LEVEL -- a bargain that can't be missed.
Histogram higher lows is being registered conveying of that a long term trend shift is about to materialize. A bubble up volume (bottom indicator) has finally appeared after 3 months -- since April 2023.
If you missed the LTC, ETH, BTC bull train, BNB is kind enough to give you a chance.
Spotted at 245
TAYOR.
Safeguard capital always.
BNB will repeat XRP drama with SECBINANCE:BNBUSDT
This is a chart of BNB
Green box its a monthly gap, By weekly fib we have to came in to -0.27 zone (and 50% between 0.18 and 0.27 its exactly the size what BNB can drop) why? Just if we repeat same story what we already saw between XRP and SEC in 2020.
It's just mind blowing if the history repeat!
Here is how it playing out last time with XRP
After SEC files Xrp drop around 66% down and in 113 days reach new ath and over 1000%
Honestly I dont think we will see new ATH for Bnb this year in September but everything possible
Just compare 2 charts What do you think about it?
BNBUSD ( INSIDE SENSITIVE AREA IN DESCENDING CHANNEL ) ( 4H )BNBUSD
HELLO TRADERS
inside sensitive area between two turning level , currently it will be attempt to reach turning level (2) .
Tendency, the price inside sensitive are between two turning level around 487 and 526 .
Upward Zone : in order see increase , if the price corrective turning level (2) and stabilizing above this level should be trying to reach turning level (1) at 526 , to confirm up trading , the price will be breaking turning level (1) to reach resistance level (1) at 557 , after by closing 4h candle above it reach a resistance level (2) at 596 .
Downward Zone: by breaking turning level (2) at 487, the price should be trying to reach support level (1) at 453 , after stabilizing below this level could further support to reach of as next level at 403 .
TARGET LEVEL :
RESISTANCE LEVEL : 557 , 596 .
SUPPORT LEVEL : 453 , 403 .
BNB roadmap (1D Time Frame)From where we placed the red arrow on the chart, the correction of BNB has started.
This correction looks like a large triangle whose wave D has recently ended.
The green area is where wave E can end and price can enter post-triangle movements.
Closing a weekly candle below the invalidation level will violate the analysis
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
BNB - Potential rebound expected after correction#BNB/USDT #Analysis
Description
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+ BNB currently trading around 510 with the next target around 455 range support.
+ If the support holds then we can expect to bounce back from the 455 zone, with the next resistance is around 575
+ Wait for the correction before entering, you can put a limit order around 460
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VectorAlgo Trade Details
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Entry Price: 460-500
Stop Loss: 410
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Target 1: 550
Target 2: 595
Target 3: 670
Target 4: 750
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Timeframe:3D
Capital Risk: 1-2% of trading amount
Leverage: 5-10x
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Enhance, Trade, Grow
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VectorAlgo
