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BNBUSDTPERP

Cryptolean Binancecoin BNB UpdateDaily Chart Binancecoin is neutral in the daily chart and teasing the top of the daily range zone at $589. An inability to break $589 to the upside will push BNB price towards $480, however the price action towards $480 will be slow and choppy. If Binancecoin is unable to maintain price above $480, the daily support zone (marked grey) we will see BNB in the bearish zone with price declining towards $421 and, likely, lower to $302-$352. The interaction with $302-$352 zone will be very important and could lead to a bullish rejection. In the bullish scenario from its current price, a daily candle closure or, even better, several closures above the key resistance of $589 are required for Binancecoin to have another bullish extension: first, to $647 and, then higher, to $717-$766. Boost once read! Thank you.
by Trade-Lean
Binance Coin BNB Technical Analysis [April 2024]BNBUSD Weekly Chart Conditions for a Bullish Scenario In the weekly chart, BNB is lingering around the key weekly support zone at $577 (or the range of $563-$597). It has to maintain the price action and weekly candle closures above this zone, preferably above $597 to remain in the bullish territory. A price consolidation above $597 will push BNB towards the next weekly resistance zone around $509 and, possibly, higher to $738-$800, the new All Time High. A weekly candle closure below $577 zone (or below the bottom of the zone at $563) in the weekly chart will not necessary make Binance Coin bearish, but will: 1. place BNB price into the wide weekly range zone where we will see slow and choppy price action; and 2. increase probability for a further decline towards $509 and, most likely, lower to $440 region, the key weekly support. BNBUSD Daily Chart Conditions for a Bullish Scenario In the daily chart, Binance Coin has to maintain the price action above the zone around $589 (marked grey) to become bullish to move towards the key daily resistance of $717 and higher towards $830. Binance Coin price can decline more from its current location towards $534. A bearish break-out of this level will push the price towards $480. The price action with $480 will be very important as a rejection of this support will lead to a bullish move towards $589 and could complete the ABC correction started on March 16. Once the bearsih pullback in BNB price chart is completed, I expect to see a continuation of a bullish rally. A strong bullish break-out of $589 from its current price location is not very likely and BNB has to complete the corrective structure (triangle, flat) before moving further up. However, the completion of this corrective structure could be very fast. BNBUSD Daily Chart Conditions for a Bearish Scenario Right now the sentiment in the daily chart is neutral and it will remain neutral as long as BNB is trading below $589. A deeper pullback is likely and the price action with $480 zone will be very important. A bearish break-out of the key support zone around $480 and the dynamic support in the form of 50-Day Moving Average will place BNB into the bearish territory and we see an impulsive move towards $421 and, lower, to the key daily support zone at $352. As long as BNB is trading above $480, the bearsih scenario is irrelevant. Binance Coin BNB: A Short-Term Price Action After testing the top of the second key support zone at $539, BNB found a base in the between $552 and $561. Yesterday, we saw a bullish reaction to this support zone, which is an expected price action. BNB price can push back to $586, the key intraday resistance. The price action with these resistance level will be very important. A bearish rejection of either of these levels could send price for a re-test of the second zone between $529 and $539, and possibly even lower to $504. In the alternative scenario, we need to see a strong bullish break-out of $586. In this case, the price will move to $607. BNB will become bullish in the 4-Hour chart only upon reclaiming $607 level.
by Trade-Lean
Cryptolean Binancecoin BNB Update Binancecoin declined from the key resistance zone of $635-$660. A sustained price action below $529 will push #BNB price lower to $455-$477. A daily candle closure above the key daily resistance zone of $635-$660 is required for another bullish extension towards $716, the new ATH. Intraday Chart The BNBUSDT intraday chart is in the bearish territory below $548. A re-test of the resistance zone of $463-$487 and a bullish rejection will lead to a bullish rally to $548. A solid bullish break-out of $548 will push price higher towards $600. A bearish break-out of $463-$487 will lead to a dip towards $407-$433 and, possibly lower.
by Trade-Lean
BNB price is preparing for a strong growth soon ?The year 2023 was not the best for Binance and CZ, if we analyze the news background, lawsuits, fines, etc. But everything seems to have "calmed down and stabilized" The other day, there was another burning of BNB worth more than $600 million. Now, 154 million of the 200 million coins that were in circulation at the beginning are in circulation. Almost half of the planned amount was burned (ultimately, only 100 million BNB should remain in circulation). It seems to us that a good "window of opportunity" is now opening up to drive the BNBUSDT price to the range of $520-540. There you can sell a little BNB to cover the "expenses" of the past year) _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
Long
by P_S_trade
21
💡Don't miss the great buy opportunity in BNBBTC %66My friends, I am intensively working on BNB. You can also review my previous analyses regarding BNB. I hold a positive view on BNB. The ecosystem is expanding, the BNB staking in launchpads, Binance's dominance in the sector, and the token burning policy until it drops below 100 million—all these factors are positive for BNB. As you can see, my past predictions have never been wrong. Now, I am expecting a 66% increase with a 5% risk factor. My expectations are actually higher, but this is what I can share with you.
Long
by srmustafabas
BNBUSDT Good Buy Opportunity!!BNB/USDT has recently undergone positive corrections, setting the stage for a significant upward movement. The chart indicates a potential breakout beyond the next resistance level, presenting a promising buying opportunity. Investors are anticipating substantial returns in the near future as the asset shows signs of a robust upmove." BNBUSDT (1D Chart) Technical analysis BNBUSDT (1D Chart) Currently trading at $301 Buy level: Above $301 Stop loss: Below $260 TP1: $335 TP2: $350 TP3: $400 TP4: $460 Max Leverage 3x Always keep Stop loss Follow Our Tradingview Account for More Technical Analysis Updates, | Like, Share and Comment Your thoughts
Long
by GreenCryptoTrades
2
BNB is About to Breakout from AccumulationI believe BNB has been in a Wyckoff Accumulation phase since May 2022. A breakout from the accumulation range-high could initiate a bull phase. My 2024 target is its former ATH at around 700 USDT, but the 1:1 fib extension at 858 USDT is also reasonable (Note: I use the regular scale, not a log chart). Accumulation Phase A: SC: In June 2022, BNB reached its Selling climax at 183.72 USDT. AR: Following the SC, BNB began the Automatic Rally phase, which reached a price of 336.5 USDT on August 8th, 2023. ST: BNB Concluded Multiple Secondary Tests that established support at around the 250 USDT level. Accumulation Phase B: UT/Bull Trap: BNB made an HH on November 7th, following the FTX collapse, which served as a bull trap. ST/SoW: following the HH, it broke below the 250-support level in Sign of Weakness. However, Price did not reach the range-low, much less below it. UT: Following the ST, BNB had two Upthrust events. The first UT action reached the range-high, and the second broke above the previous high in another bull trap/stop hunt. Accumulation Phase C: Spring: BNB’s Price did not perform a spring action in the sense of an LL. However, it experienced a significant Sign of Weakness and dropped to as low as 202 USDT. I decided to categorize this SoW as the Spring. Accumulation Stage D: Phase D represents the transition between the Cause and Effect. It stands between the Accumulation range (Phases A to C) and the range breakout (Phase E). In the following days and weeks, BNB will perform a range breakout above 336 USDT and begin the final transition from bear to bull market. A break above the 0.5 Fib retracement at 355 USDT will indicate the range breakout has begun.
Long
by NewThoughtCrypto
BNB at critical junctureBNB is coming to a close on this descending triangle which is typically seen as a bearish structure. Depending on the price action we see, whether the descending line is broken to the upside for a bullish trade or the horizontal line breaks for a bearish trade, it could signal where the overall market could be heading over the next 12 months given the positive correlation across crypto. Considering the recent price action and weakness in BNB relative to Bitcoin along with the CZ fiasco the probability of a downside break seems likelier. Watching closely to see how price action unfolds.
BINANCE:BNBUSDShort
by TheCheartBreaker
BNB NO MORE BULLISH BNB/USDT In this trading view idea for the BNB/USDT pair, we observe a bearish sentiment in the market due to recent negative news. As a result, many traders are selling in fear, potentially leading to a decline in price. Based on the current situation, it is expected that the price may drop significantly, possibly by around 30-50% from its current level. This projection is speculative and subject to market conditions. Another potential scenario to consider is a temporary pump in price to panic sellers, This might be followed by a quick and substantial price drop as sellers react to the pressure. It is important to note that this idea is presented as a personal opinion and should not be considered financial advice. Traders are encouraged to conduct their own thorough research and analysis before making any trading decisions.
Short
by Crypto-By-Ghazi
1
💡Don't miss the great buy opportunity in BNBUSDTAs BNB flirts with a significant resistance trendline, the anticipation of a breakout builds. A decisive close above this level could ignite a rally towards Fibonacci extension levels of 1.272 and 1.414, correlating to a price target around $1200—representing a fivefold gain from the current position. Given Binance's stature as the 'father of the crypto market,' it's plausible to expect a vested interest in bolstering the value of its native coin. Investors should monitor this pivotal movement, as BNB's ascendancy could be a testament to Binance's influence in the crypto ecosystem. My rigorous and detailed analyses of BNB, visible at my TradingView profile, have historically captured the pulse of its market movements, proving to be successful time and again. With Binance's dominant market role, BNB is on the brink of a potential quintuple surge, as it approaches a pivotal breakout point. My extensive research and careful market scrutiny suggest a strong upside, especially with Binance's vested interest in enhancing the value of its flagship coin.
BLong
by srmustafabas
Uptrend transition : 240.2-248.8Hello traders! If you "Follow" us, you can always get new information quickly. Please also click “Boost”. Have a good day. ------------------------------------- (BNBUSDT chart) It is supported and shows an upward trend around the strong support range of 179.2-210.2. (1W chart) The key is whether the price can be maintained by receiving support in the 233.9-260.72 range and rising above 283.4. If it rises above 339.08, it is expected to show a rapid movement. (1D chart) It is expected to turn into an upward trend by rising above 240.248.8. Accordingly, the key is whether it can receive support around 248.8 and rise above 268.5-285.3. Even if it falls below the 240.248.8 range, if it shows support around 232.2, that is, around the MS-Signal indicator, it is expected to create a pull back pattern and rise. -------------------------------------------------- - The big picture The full-fledged upward trend is expected to begin when the price rises above 29K. This is the section expected to be touched in the next bull market, 81K-95K. -------------------------------------------------- ------------------------------------------- ** All explanations are for reference only and do not guarantee profit or loss in investment. ** Trading volume is displayed as a candle body based on 10EMA. How to display (in order from darkest to darkest) More than 3 times the trading volume of 10EMA > 2.5 times > 2.0 times > 1.25 times > Trading volume below 10EMA ** Even if you know other people’s know-how, it takes a considerable amount of time to make it your own. ** This chart was created using my know-how. ---------------------------------
by readCrypto
BNBUSDT: Prepare for a Severe Drop, Potential to Fall Below $150Hi Fellow Traders, BNBUSDT has broken out of the symmetrical triangle pattern and is possibly heading for a crash. The price is plummeting below the lower trendline and has crossed below the EMA 200 line, signaling a strong bearish trend. To make matters worse, a Bearish Inverted Hammer has appeared after bouncing off the base pattern. This deadly combination of technical factors suggests a sharp decline to the first target area. Then, we might see a brief rebound to the blue zone area before another dive to the second target area. Negative Sentiments 1. lawsuits filed by the U.S. Securities and Exchange Commission (SEC) against Binance and Coinbase 2. The SEC accuses Binance of selling unregistered securities and Coinbase of offering a lending program that violates securities laws. 3. These lawsuits are part of a broader regulatory crackdown on the crypto industry and they could have significant implications for the future of cryptocurrencies. The possible outcomes of the lawsuits, such as settlements, fines, or bans, and how they could affect the crypto market and innovation. It is essential to note that the analysis will no longer hold validity once the target/support area is reached. Please support the channel by engaging with the content, using the rocket button, and sharing your opinions in the comments below! Disclaimer: "Please note that this analysis is solely for educational purposes and should not be considered as a recommendation to take a long or short position on BINANCE:BNBUSDT ."
Short
by financialfreedomgoals101