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J-BNB

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
CRYPTOCAP:BNB
by MeruEU
4
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!
by ahmadarz
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.
Long
by MarsSignals
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.
Long
by altFINS
3
BNBUSDT.1DIn this professional analysis of the Binance Coin (BNB)/USDT daily chart on Binance, we are examining the key technical indicators and price structures that may affect the future price movements of BNB. Price Action and Support/Resistance Levels The current price of BNB stands at approximately $594.1. The chart presents a structured view with key resistance (R2) and support levels (S1, S2, S3, S4) defined. The highest recent resistance is marked at $724.1 with the latest price falling below this peak. The primary support levels are indicated at $625.5, $498.2, and $398.5, which help in identifying potential bounce-back points or areas where price might consolidate. Technical Indicators MACD (Moving Average Convergence Divergence): The MACD line is below the signal line and close to zero, suggesting a decrease in momentum and a potentially bearish outlook in the short term. The negative histogram further indicates that the bearish momentum could be increasing. RSI (Relative Strength Index): The RSI is slightly below 60, which indicates a somewhat bullish momentum but nearing neutral territory. This suggests that while the market is not excessively overbought, there is also no strong bullish momentum at present. Chart Patterns The chart shows a range-bound movement with periodic tests of the aforementioned resistance and support levels. Recent price movements suggest a potential downward trend toward the next support level if the current price continues to decrease. Conclusion Given the current technical analysis of BNB/USDT, the market seems to be in a cautious phase with a potential bearish bias due to the MACD's positioning. However, the RSI provides a slightly conflicting signal, suggesting some remaining bullish sentiment. Investors and traders should monitor these indicators closely along with any geopolitical or economic news that could influence market sentiment. The key will be to watch for potential rebounds off support levels or a breakthrough above current resistance, which would necessitate a reassessment of the bearish outlook. As always, maintaining a balanced perspective with stop-loss orders to manage risks is advisable in such volatile environments.
by MarsSignals