BNB BNB failed in order block (3) and moved down and closed Bos line. This order block (3) is last support zone. This zone failed. So BNB clearly was bearish.
Order block (1) is next resistance zone. So BNB moving down is possible.
J-BNB
BNB BNB mitigated this orderblock (2) and moved down. Order block (1) was failed. This order block (1) is support zone. This zone failed.
Currently sweep the Ch line. If BNB closed the Ch line, the up trend changed to down trend.
Order block (3) is last support zone.
Binance Coin Price DiscoveryBinance is set to make ATHs in our estimations.
There is not much to say here, fundamentally all roadblocks at Binance are in the past, and technically we like the chart.
GL
BNB BNB moved down side correction. But this down movements showing bearish momentum. Because BNB sweep the minor swing high (💀) and moved down and closed Bos line.
Order block (2) is next resistance zone. If this zone was fail, BNB moving up.
Order block (1) is next support zones.
Binance Coin - BNB Cryptocap / Idea I hey guys,
Yearly candle: inside bar - indication of possible upmove.
-> targets : 84 and 117 (previous ATHs)
-> levels are crucial for a resumed uptrend to be in place on the yearly chart.
Quarterly: Shooting Star below "showdown zone" - fib extension box from the yearly inside bars range BUT above 85. = Indecision - Balanced market.
-> Stochastic is bullish but reached OB zone.
Monthly: Confirming Quarterly… -Consolidation
-> shooting star with a long wick -> bulls be careful!
-> 80-85B becomes the crucial support area
-> stochastic has turned down
-> bearish setups all together
3D: Consolidation at Showdown spot
-> break will be necessary for a confirmation of Bias
-> Quarterly High and low, Monthly high and low will be visited / reaction will be monitored
Thanks for reading
BNB BNB sweep the swing low (💀) and moved higher. Currently facing order block (a). BNB chart showing clearly bearish momentum. So this order block (a) was not high probability.
Order block (2) was next support zone.
BNB BNB failed in order block (3). Sweep the swing low (💀) and moved up. BNB chart showing bearish momentum. Because Order block (1) was not failed. BNB mitigated this orderblock (1) and moved down.
So BNB moving down side is possible. Order block (2) was next support zone.
BNB BNB has bullish. BNB mitigated this orderblock (1) and moved down and took the Inducement (💎2) and moved higher. But not closing this Bos line. Only sweep. So BNB moving down side.
Next BNB took the inducement (💎3) or mitigate orderblock (3) and moving up side is possible.
BNB - trading planBNB - trading plan
Trend is down
i think price should take LOW of previous value $500 area
best trade for SHORT would appear if price re-test 620 - 630 area
Longs i`ll take after big SL hunts
Watch full update to understand what to do
BNB BNB mitigated this orderblock (1) and moved down. Currently BNB Chart showing sell side moves. Order block (a) was minor resistance.
Order block (2) was next support zone.
BNB BNB mitigated order block (1) and moved down. So some down side move possible. Currently facing small support zone (3). If this zone was fail, BNB moving downside.
Order block (2) was next support zone.
BNB BNB mitigated this orderblock (3) and moved higher. Next BNB mitigated this orderblock (1) and moved down. Order block (3) is the last support zone. This zone failed. This shows that BNB is bearish.
BNB BNB mitigating orderblock (3) to moving upside. This order block was last support zone. Currently facing order block (1) resistance zone.
Order block (4) is next support zone. Currently BNB Chart showing strong upside momentum. So BNB moving more upside possible.
BNB at Strong Support Bnb is at strong support. It may break the resistance of 600$ once it breaks we will see the bull candle
Is BNB Due for a Correction or Continued Climb?BNB technical analysis update
BNB's price failed to break its major resistance zone on the weekly chart. It still looks bullish in the weekly timeframe, and we can confirm the bullish movement once the weekly candle closes above the resistance zone.
BNB's price could move sideways or slightly bearish before making a new high. 👀
Reagrds
Hexa
BNB: analaysis in D1📊Analysis by AhmadArz:
According to the flag pattern that we saw the best reactions in the past, we can expect the same analysis from the chart at this time.🧨
Just keep in mind that there is a 10% chance of a fake breakout on each side of this horizontal trend.🚨
🔗"Uncover new opportunities in the world of cryptocurrencies with AhmadArz.
💡Join us on TradingView and expand your investment knowledge with our five years of experience in financial markets."
🚀Please boost and💬 comment to share your thoughts with us!
BNB BNB sweep the swing high (💀) to moving downside and holding this order block (3). If this order block was fail, BNB was moving downside.
Order block (1) is next resistance zone. So some downside possible.
BNB BNB sweep the order block (2) to moving downside. Order block (3) Is next buyside orderblock.
But order block (3) was not high probability. Because BNB was bearish. Maybe mitigate order block (3) to moving some upside movements possible.
BNBUSDT.1DIn this technical analysis of the BNB/USDT chart, we explore the recent price movements and key technical indicators to derive insights into potential future price actions.
Key Observations:
Current Price and Movement:
BNB/USDT is currently priced at $594.6, with a modest daily decline of 0.78%. This movement suggests a potential consolidation phase after recent price activities.
Support and Resistance Levels:
R1 (Resistance Level 1): $644.8 - This level marks a critical resistance point that BNB needs to surpass to confirm a bullish trend continuation.
S1 (Support Level 1): $494.3 - This is the primary support that BNB might retest if the current price level fails to hold.
S2 (Support Level 2): Indicated on the chart but not specifically quantified, it represents a deeper support level that could come into play during a significant pullback.
Technical Indicators:
MACD (Moving Average Convergence Divergence): The MACD line is above the signal line, which typically suggests bullish momentum. However, the proximity of these lines indicates that the bullish strength might be waning.
RSI (Relative Strength Index): The RSI is near 49.85, around the mid-range, which indicates neither overbought nor oversold conditions, suggesting a balance in buying and selling pressures.
Analysis and Conclusion:
BNB/USDT is currently navigating through a critical juncture, as evidenced by the consolidation pattern near the $594.6 level and the approach towards a significant resistance at $644.8. The MACD shows a slight bullish tendency, but the closeness of the MACD and signal lines could imply potential shifts in momentum.
In the short term, the ability of BNB to hold above the support at $494.3 will be vital for sustaining the current market sentiment. Should this level hold, it could provide the necessary stability for BNB to attempt breaking past the resistance at $644.8. Conversely, a break below $494.3 could lead to a test of deeper supports (S2), indicating a shift towards a bearish trend.
Traders should keep a close eye on these technical levels and indicators. The consolidation pattern, combined with MACD and RSI readings, will provide clues on the likely direction of the next significant price move. Given the current balanced RSI, the market could tilt in either direction based on broader market sentiment or specific news impacting Binance or the broader crypto market. As always, incorporating stop losses and managing risk exposure will be crucial in navigating the potentially volatile movements of BNB/USDT.
Binance Coin Analysis: Bulls in controlBNB just made a new ATH in the recent month, and now I expect a slight correction before it rockets to new highs. The main support I have in mind is around $456, with the main target at $1,570 and an optimistic target at $2,040
BNBBNB mitigating orderblock (2) to moving downside. Currently facing order block (3).
BNB was bearish. But the chart showing some upside rally possible.
If order block (3) was fail, BNB moving downside. If order block (2) was fail, BNB moving upside and taking Inducement (💎) to moving downside is high possible.
BNBUSDTBNB analysis
Weekly and 12-hour timeframe
I expect the price to move towards higher targets after the correction to the 12-hour supply area. If I lose the 12-hour demand area, I expect the price to return from the weekly demand area.
BNB: Pullback in UptrendTrade setup : Price is in an Uptrend. It broke out of an Ascending Triangle and above it's ATH of $692 from May 2021. It reached $720 but got overbought (RSI ~ 80) and pulled back on some profit taking. This pullback near $600 level is an attractive swing trade entry in Uptrend with +15% upside potential back to $700. Stop Loss (SL) level at $580, just below prior swing low.
Pattern : Pullback in Uptrend. Price remains in an Uptrend but has pulled back, which could present a 'buying dip' opportunity. Traders should look for the nearest support level where price could stabilize and resume its Uptrend. This support level could be a level where price bounced off of in the past, or a level that was previously resistance. (concept known as polarity).Learn to trade key levels in Lesson 3.
Trend : Short-term trend is Down, Medium-term trend is Strong Up and Long-term trend is Strong Up.
Momentum is Bearish ( MACD Line crossed below MACD Signal Line) BELOW days ago. Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70).
Support and Resistance : Nearest Support Zone is $500.00. Nearest Resistance Zone is $720.00.
