BNBUSDT
BNB : NEW ATH !! What's NEXT FOR BNB ??BINANCE:BNBUSDT
Binance coin / BNB has recently made a new ATH 💥🚀 And the price doesn't seem to be ready to turn around just yet. How can we gauge the next possible targets AND retracements for BNB SHORT TERM?
1) Bollinger Bands
Bollinger Band Strategy is excellent to use on lower timeframes, especially when combined with Fibonacci zones. The yellow dot basis (20d Moving Averages) is a common zone to watch for retracements, as well as bounces. As long as the price is bullish, the basis will hold and act as support. The Fib lines up until the basis can be watches for bounce zones:
Notice that periods of contractions is followed by expansion - watch the upper red and purple lines for near term targets (price labels on the right).
2) Fibonacci
Trend based Fibonacci can be helpful to identify key zones that could likely act as resistance, for example:
If we can't close ABOVE the 2.618, we stand a risk to form a nasty M-Pattern, which could indicate the end of the bullish cycle.
3) Moving Averages
The price often corrects towards the moving averages in the daily timeframe. This could be a potential re-entry zone for a swing trade (not accumulation as the price is at the peak of the bullish cycle). Understand that you risk is HIGH if you're looking to buy here. If we lose the 50d (green trendline) that could mean the bullish cycle is coming to an end. You can see the bounce is slightly smaller every time it touches, indicating the end is potentially near:
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The last bullish chance of BNB in Mid term !Hi.
BINANCE:BNBUSD
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!
Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad.
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⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
#BNB hits new all-time high📊#BNB hits new all-time high💥
🧠From a structural perspective, we successfully broke through the neckline and hit a new all-time high. This means that higher space has been opened at the monthly level, and the ideal target area can be seen at 1379-1804. Therefore, the BNB we hold in the buy zone below can choose to continue to hold it. 💪
➡️From the weekly level, we have continued the bullish trend according to the double bottom bullish structure. Currently, the ideal target area of this structure has been achieved, so there is an expectation of a callback in the mid-term. If your entry point is not ideal, you can choose It makes sense to lock in major profits or close positions. ✔️
🔥New participation opportunities can focus on the main support area 495-536🔥
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BINANCE:BNBUSDT
BNB Bulls Eye Breakout: Will Binance Coin (BNB) Surge Past $660?Binance Coin (BNB) has emerged as a standout performer, showcasing significant price movements over the past few years. From its early days at around $50 in November 2020 , BNB has experienced dramatic highs, bringing significant opportunities for investors.
BNB's journey has been nothing short of remarkable. After climbing to an impressive $696 peak in May 2021 , the subsequent bearish market took its toll, driving the price down to a low of $200 in June 2022 . The coin then faced a resistance level of $340 , appearing as a double top pattern before retracing back to the yearly support of $200 by October 2023.
However, the tide turned in favor of BNB as the broader crypto market regained momentum. The resurgence propelled BNB to new heights, surging to an all-time high of $640 . Currently, BNB has found solid support at the $500 level, a critical juncture that could pave the way for further upward movement.
I am closely monitoring BNB's recent price action, particularly as it hovers around the $590 resistance zone . A breakout above this level could set the stage for a significant rally towards the next resistance point at $620 . If BNB manages to breach this barrier, experts anticipate a clear path towards surpassing its previous all-time high to a new price $700 and potentially even higher.
Looking at the weekly timeframe chart, the $500 support level holds key significance. Should this level remain intact, market sentiment suggests a bullish breakout scenario, targeting ambitious price goals beyond the current resistance.
Investors and traders are advised to keep a close watch on BNB's performance in the coming days, as market dynamics continue to shift rapidly. With the broader crypto market showing signs of upward momentum, Binance Coin stands poised for a potential breakout, setting the stage for an exciting period of price discovery and market activity.
As always, it's crucial for participants in the crypto space to exercise caution and conduct thorough research before making investment decisions. The inherent volatility of cryptocurrencies underscores the importance of staying informed and adapting to evolving market conditions.
BNB Bulls Charge Ahead: Uptrend Signals and Price OptimismBinance Coin (BNB), the native token of the Binance ecosystem, is currently displaying bullish signals across technical charts. This positive trend suggests a potential continuation of price growth shortly.
Cruising Above the 100-Day SMA:
One key indicator of BNB's bullish momentum is its position above the 100-day Simple Moving Average (SMA) on the 4-hour timeframe. The SMA represents the average price of an asset over a specific period, and the 100-day SMA acts as a line of support, indicating the overall trend direction. With BNB trading consistently above this level, it suggests a sustained uptrend and buyer dominance in the market.
Breaking Out of Consolidation:
Further bolstering the bullish case is BNB's recent breakout from a consolidation zone. Consolidation periods typically occur after significant price movements, and a breakout from this zone signifies a potential resumption of the previous trend. In BNB's case, the breakout suggests a continuation of the upward trajectory, potentially leading to new highs.
Rising Momentum on the 4-Hour Chart:
The 4-hour chart provides valuable insight into short-term price movements. In BNB's case, the 4-hour chart reveals strong rising momentum, characterized by a series of higher highs and higher lows. This momentum indicates that buyers are actively pushing the price upwards, further strengthening the bullish outlook.
Surpassing the $700 Threshold:
A significant psychological milestone for BNB was its recent climb above the $700 mark. This price point can act as a level of resistance, where sellers may attempt to cap further gains. However, BNB successfully breaching this resistance suggests a robust market recovery and increased investor confidence.
Investor Optimism on the Rise:
The technical indicators and price movements all point towards a growing sense of optimism among investors and traders. The positive momentum surrounding BNB is likely fueled by several factors, including:
• Binance's strong brand reputation: Binance is one of the largest and most respected cryptocurrency exchanges globally. Its success can contribute to increased demand for BNB.
• Expanding utility of BNB: BNB's utility extends beyond simply being a trading token. It can be used for various purposes within the Binance ecosystem, such as paying fees, participating in token sales (IEOs), and obtaining discounts on trading fees. This growing utility can drive demand for BNB.
• Overall market recovery: The broader cryptocurrency market has shown signs of recovery in recent weeks. Positive sentiment in the overall market can have a spillover effect on individual tokens like BNB.
What to Watch Out For:
While the current outlook for BNB is positive, there are always potential risks to consider:
• Market Volatility: The cryptocurrency market remains inherently volatile. Sudden shifts in sentiment or broader economic factors can lead to sharp price corrections.
• Regulatory landscape: Regulatory uncertainty surrounding cryptocurrencies can dampen investor enthusiasm and impact prices.
• Technical corrections: Even within an uptrend, there can be periods of price consolidation or pullbacks. These corrections are healthy for the market but can be misinterpreted by short-term traders.
Conclusion:
BNB's technical indicators and recent price action paint a bullish picture. Trading above the 100-day SMA, breaking out of consolidation, and surpassing the $700 mark all suggest a potential continuation of the uptrend. Investor optimism surrounding BNB and the broader market recovery further reinforce this positive outlook. However, it is crucial to remain aware of potential risks associated with the volatile cryptocurrency market. By carefully analyzing technical indicators, staying informed about market developments, and implementing sound risk management strategies, investors can potentially capitalize on the opportunities presented by BNB's current bullish momentum.
Alikze → BNB | Upward wave 5 scenario Upward wave 5 scenario Or The end of wave 4 of erosion correction
In the weekly time, the current corrective wave, which is a 4-erosive corrective wave, according to the break of the 250 range, seems to have ended and it can be shifted to the support of the $313 range. Therefore, according to the failure of the current supply area and the dynamic trigger of any correction up to the Fibo area of 1.618 and the range of $313, it can be a pullback to continue the upward path for the specified areas. If the behavior and structure of the post changes, it will be updated.
🟩Sup: 313 ~ 331
⛳️Tp 1:375 ~406
⛳️ Tp2 : 437 ~ 460
⛳️ Tp3 : 608 ~ 615
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#BNB/USDT UPDATE !!Hello friends, welcome to this BNB/USDT update from Crypto Sanders.
Certainly! Here's an update based on the recent movements and potential outlook for BNB (Binance Coin):
Resistance: The key resistance area to watch is around $610.
BNB recently bounced from the support level provided by the yellow moving average line.
The price is now approaching the critical resistance level of $610.
If BNB breaks above $610, it could signal the start of a new rally.
Traders should monitor the price action around this resistance level closely.
I have tried to bring the best possible results in this chart.
If you like it, hit the like button and share your charts in the comments section.
Thank you.
Start the crypto market with BNB?
BNBUSDT :
If it breaks the range of 630 and the candle closes above it
And the pullback is done, we can expect the specified range to move
But keep in mind that this is the first and short-term target
And if the price breaks our red trend line and crosses it
Then it will move up to the blue trend line.
You can open your position right now
And set your stop below 489
Another stop can be 554.
But keep in mind that the price may hit your stop in this area and move up.
So, if you want to open your position at the same price, the safe zone is 489.
If you want to wait, the price will cross 630 and complete the pullback
Stop point 558 is suitable.
BNB looks bullishConsidering the HLs on the chart and the bullish mCH on the chart and the breaking of the trigger line, we can have a bullish view on BNB.
If there is a pullback on the green range, we will look for buy/long positions.
The target is clear on the chart
Closing a daily candle above the invalidation level will violate the analysis
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
BNBUSDT.1DAnalyzing the daily chart for Binance Coin (BNB) against USDT, we observe a significant price consolidation over the recent months. As of the latest data point, BNB is trading at $629.7. The chart is marked with several key resistance (R1, R2) and support (S1, S2, S3) levels.
Resistance Levels: R1 at $649.1 and R2 at $724.8. These levels have served as strong psychological barriers where price has faced selling pressure. The break above R1 recently suggests a bullish sentiment that may attempt to test the R2 level if this momentum continues.
Support Levels: S1 at $498.2, S2 at $398.5, and S3 below that which isn't clearly shown in the chart. The support levels indicate where buying interest has historically been strong enough to prevent further declines. Notably, the price hasn't tested S1 recently, indicating current market strength.
Technical Indicators:
RSI (Relative Strength Index) is at 56, which is moderately bullish and suggests there's room for upward movement before the asset becomes overbought.
MACD (Moving Average Convergence Divergence) is showing a bullish crossover, which supports the upward price momentum observed.
Price Action: The presence of bullish candlesticks breaking above R1, coupled with increasing trade volume, indicates an accumulation phase possibly by institutional investors, signaling strength.
Conclusion: The technical analysis suggests a bullish outlook for BNB in the short term, provided it sustains above R1. Traders might look for entry points on small retracements towards R1, setting stop losses just below this level to manage risk. The next target would be R2, with a possible breakout leading to higher highs. However, any reversal and break below R1 would require reevaluating this bullish scenario. Always consider market news and broader economic indicators which might influence market sentiment and cause sudden shifts in price trends.
BNBUSDT #001 ( Keep your Eyes on bullish Rally $$$ ) Hello dear traders.
Good days .
On daily Gann Square first Gann Arc resistance is broken and passed.
With support from lower Gann Fan line, is about to broken 2nd Gann Arc resistance and start 3rd Bullish leg of Elliot wave .
BNBUSDT is at Time reversal zone and expected from this position start bullish rally.
Chart updated and route plotted with help of Gann Square and Gann Box.
Good luck and safe trades.
Thanks for your support and comments
Trading opportunity. What to buy?In the crypto market, the largest assets are currently experiencing similar situations.
On the charts, we can see that six assets have formed sideways trends. Prices for all six assets are currently at the bottom of these sideways trends. For four assets, the price temporarily dropped below the lower boundary of the sideways trend, where liquidity from sellers was collected, but then returned to the sideways trend. The prices of five assets, excluding BNB, are in zones where it makes sense to consider buying. The most interesting potential is with DOGE and AVAX.
One possible strategy to consider is buying four assets that you like the most.
binance analysis analyticalyBinance/USDT Analysis in 4h Timeframe.
Technical Indicators: The 4-hour timeframe analysis for Binance/USDT lacks critical technical indicators such as MACD, KDJ, and RSI. Without these indicators, it is challenging to assess the momentum and potential trend reversals.Support and
Resistance Levels: Similarly, there are no identified support and resistance levels available for this timeframe. This makes it difficult to determine the market sentiment and potential entry or exit points.
Trend Analysis: Looking at the recent chart analysis for MATIC/USDT, it is mentioned to be in a downtrend, trading below the 200 EMA1. This suggests a bearish sentiment in the market, which could potentially affect Binance/USDT as well.
Market Sentiment: The sentiment for USDT is positive, with a price bounce-back from the 200 EMA, indicating a good time for long positions with a 10-12% potential target2. This contradicts the MATIC/USDT analysis, indicating mixed sentiment in the market.
Recent News: Bitcoin is experiencing volatility due to CPI data releases, which could impact the entire crypto market, including Binance/USDT3.
Additionally, BNB has dropped below 600 USDT with a slight increase, which might indicate a broader market trend4.In conclusion, the 4-hour analysis for Binance/USDT lacks crucial technical information, and the mixed signals from related markets suggest caution. Investors should consider the broader market sentiment and wait for more conclusive indicators before making any trading decisions.
Buy BNB - it is breaking out! CRYPTOCAP:BNB
It is breaking out again - the next super ally will begin!
BNB is a good crypto because it has several unique features that set it apart from other cryptocurrencies:
(1) Reduced transaction fees when trading on the Binance exchange, making it cost-effective for traders.
(20 Token sales) The Binance Launchpad has hosted numerous successful token sales, and users can participate using BNB.
(3) Staking rewards: Users can stake BNB to earn rewards, even without holding massive amounts of the cryptocurrency.
(4) BNB stands out as one of the top utility tokens in the cryptocurrency industry.
(5) BNB implements a unique burndown policy, wherein a portion of the token supply is permanently removed from circulation.
BNBUSDT. Trading opportunityOn the daily timeframe, the price has formed a sideways movement and reached the mandatory target of the seller's vector 7-8. The next relevant buyer's vector 8-9 has a potential target of $634. The price is currently in the middle of the sideways range on the daily timeframe.
On the hourly timeframe, the price has also formed a sideways movement. The short seller's vector 11-12 broke below the lower boundary of the sideways range at $574 and collected sellers' liquidity. Pay attention to the key volume of the last vector 11-12: the candle with the highest volume in the vector is at the bottom (marked as 'KC' on the chart). Then the buyer absorbed this volume and returned the price to the sideways range, forming a new buyer zone at the boundary of the sideways range (the blue rectangle on the chart, upper boundary at $575.5). The key volume (largest) in the emerging buyer's vector is also at the bottom (the candle on the chart is marked as 'tKC'). This setup increases the probability of realizing the buyer's vector 12-13 with a potential target on the hourly timeframe of $600.
Idea: Look for purchases as the realization of the buyer's vector 12-13 on the hourly timeframe and the buyer's vector 8-9 on the daily timeframe. The target on the hourly timeframe is $600.
The preferred option is to look for purchases from the defense by the buyer of the buyer zone at the lower boundary of the sideways range.
BNB ATH incomingIt seems to me that $1000 per BNB is destined at this point
Binance won the exchange wars, and it's positioned to win in the scene of degenerate gambling that the US economy is promoting, high levels of debt and keep on printing infinite fiat (saw news that the Wall Street guys are looking to adopt the 24/7 trading hours)
In whatever case, bear market or bull market, Binance is the best investment for the crypto industry.
So much for decentralization and muh ''bitcoin fix this''