BNB?USDT 1HInterval Chart ReviewHello everyone, let's take a look at the 1H BNB to USDT chart, as we can see the zena is staying above the upward trend line, and locally we can see an upside exit from the triangle.
Let's start by setting goals for the near future that we can include:
T1 = $570.8
T2 = $592.50
T3 = $608.4
AND
T4 = $627.6
Now let's move on to the stop-loss in case of further market declines:
SL1 = $547.1
SL2 = $535.3
SL3 = $514.6
AND
SL4 = $482.4
Looking at the RSI indicator, it can be seen that it has returned to the upward trend, with room for a possible continuation of growth. However, on the STOCH indicator we can see that it is approaching the upper limit, but it also has some room before recovery.
J-BNB
BNB Price Action Trading- BNB sound dangerous with all the FUDs made by US government.
- But Binance is still from far the first exchange in the world by liquidity and trades volumes.
- they won't let go BNB so easily.
- it's still an easy trade for now if u play it wisely, and with strategy.
- No Danger, No Glory.
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Trading Parts
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- Buy : 200$ ish
- TP1 : Before 350$
- TP2 : Before 650$
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- Stop Loss : 170$ ( don't touch anything under 170$ )
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- Rebuy a big Dip : 50$ ish
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Happy Tr4Ding !
Binance Coin can exit from pennant and decline to 515 levelHello traders, I want share with you my opinion about Binance Coin. Looking at the chart, we can see how the price some time ago declined to 515 support level, which coincided with the buyer zone and at once rebounded and started to move up. Soon, the price reached a resistance level, which coincided with the seller zone and broke it, after which BNB rose a little and then made a correction below this level. Next, the price broke the 587 level again and later rose to 645 points, after which it turned around and started to decline in a downward pennant, where soon broke the resistance level one more time. After this movement, BNB made a retest of the resistance level and in a short time declined to the buyer zone, which later reached the support line of the pennant. Then price rebounded from the support line and rose to the resistance line, which coincided with the resistance level, but a not long time ago BNB rebounded and fell to the support line, which continues to rise near to this day. So, I think Binance Coin can reach the resistance line, after which turns around and starts to decline to the support level, thereby exiting from the pennant. For this case, I set my target at the 515 level. Please share this idea with your friends and click Boost 🚀
Cryptolean Binancecoin BNB UpdateYesterday Binancecoin failed to reclaim $586.
An inability to break $586 to the upside will push BNB price towards $504-$529 and, if unable to sustain price action above $504, lower to $455-$477.
A daily candle closure above the key daily resistance of $586 is required for Binance coin to have another bullish extension to re-test $635-$660.
BNB: Pullback in UptrendTrade setup : Price is in an Uptrend. It briefly broke above $600, however, it got very overbought (RSI > 80!) and was rejected at that resistance on some profit taking. Now we look for the right entry opportunity in Uptrend.
We wait for price to either 1) break back above $600 to signal continuation of uptrend, with +10% upside potential to $670 next, or 2) pull back near $500 support for another swing trade entry in Uptrend with +20% upside potential back to $600.
Trend : Uptrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Mixed as MACD Line is below MACD Signal Line (Bearish) but RSI > 55 (Bullish).
Support and Resistance : Nearest Support Zone is $500 (previous resistance), then $400. The nearest Resistance Zone is $600, then $670.
Binancecoin BNB UpdateBinancecoin is testing the key daily resistance of $586.
An inability to break $586 to the upside will push BNB price towards $504-$529 and, if unable to sustain price action above $504, lower to $455-$477.
A daily candle closure above the key daily resistance of $586 is required for Binance coin to have another bullish extension to re-test $635-$660.
📈BNB Weekend Rally: Analyzing Upside Potential💎🔍Today is Friday, with just one day left in the trading week, and the market could still offer interesting moves. Hopefully, you've opened positions and profited. Yesterday, after some ranging, the market followed the anticipated pattern, with higher timeframes exerting more influence than shorter ones, propelling the market upwards.Today's focus is on BNB, which, like other assets, surged from the $507.6 support yesterday, gaining nearly 10%.
Currently, we're at the 0.382 Fibonacci retracement level of our downward move, and the reaction so far has been limited to a single red candle, indicating uncertainty about future movements.
💎The SMA7 indicator has reached the price level, indicating potential buyer strength, possibly initiating a new upward trend supported by the SMA7. However, if the 0.382 level is breached, the golden Fibonacci zone still acts as a barrier that the price must overcome.
📊A downside of this upward movement is the notably low volume of the candles, suggesting traders' lack of enthusiasm to engage in this trend.
💥The RSI oscillator has broken its midline and is hovering around 53.14. If this resistance is broken simultaneously with a price breakout, it could serve as strong confirmation.
🔒In conclusion, while the market is showing signs of upward movement, caution is advised due to the low volume and the presence of Fibonacci resistance. Confirmation from indicators like the RSI is crucial for validating the bullish sentiment.
🧠💼It's important to acknowledge the inherent risks in futures trading, with the potential for margin calls if risk management is neglected. Always adhere to strict capital management principles and utilize stop-loss orders, ensuring that the initial target offers a risk-to-reward ratio of 2.
BNB/USDT 4HInterval Chart ReviewHello everyone, I invite you to review the chart of BNB in pair with USDT, on a four-hour time frame. As we can see, the price is moving in a downward trend channel, while a sideways trend channel is visible locally, which previously ended with another price drop.
As we can see, the upper part of the sideways trend channel is the beginning of the resistance zone from $539 to $553, only after breaking above this zone will the way for further increases towards the resistance at $589 and then further towards $614 open up.
Looking the other way, we see strong support at the $500 level, which is located at the lower border of the sideways trend channel, inside the descending channel. And the next strong support is the $462 level.
HelenP. I BNB will correct to trend line and then rebound upHi folks today I'm prepared for you Binance Coin analytics. A not long time ago price rebounded from the trend line and in a short time rose to the support zone, which coincided with the 505 support level. But, when BNB reached this zone, it rebounded and made little correction, after which it turned around and broke the 505 level. Then price made a retest, after which it rebounded and continued to grow to the resistance level, which coincided with the resistance zone. Price even broke this level, but at once turned around and fell below, but then BNB tried to rise higher again and failed. After this, BNB declined to the support level, which coincided with the trend line, thereby breaking the 602 level one more time. And a not long time ago Binance Coin rebounded from the support level and started to move up. Now, I expect that BNB will decline to the trend line, after which it turn around and continue to move up. That's why I set my target at the 574 level. If you like my analytics you may support me with your like/comment ❤️
BNBUSDT moving below $533CRYPTOCAP:BNB has made a significant rise during the last days and a lot of interest exists in its charts.
At this BINANCE:BNBUSDT 4h chart we can see that CRYPTOCAP:BNB is moving right below the level of $533 (Support 1).
If it keeps moving there, we are going to see even a drop to Support 2 - $464 - and there it will be retested again.
There is a lot of fear in the market right now and investors are afraid to buy.
Given that, it is more likely that we are going to see a drop to Support 2 than a breakout of Support 1.
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.
BNBUSDT - Price can fall little more and then bounce up to $562Hi guys, this is my overview for BNBUSDT, feel free to check it and write your feedback in comments👊
Recently price has grown in rising channel, where it reached resistance line, after which it made correction.
After correction, BNB bounced up from support line to resistance level, which coincided with resistance area.
Soon, BNB broke this level, exited from channel, and started to trades in flat, where it two times reached top pattern.
Later, price turned around and in a short time declined below $562 level and also soon broke it, thereby exiting from flat too.
Also then, BNB continued to fall and now I think that Binance Coin can fall a little more and then bounce up to $562 level.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
BNB: Pullback in UptrendTrade setup : Price is in an Uptrend. It briefly broke above $600, however, it got very overbought (RSI > 80!) and was rejected at that resistance on some profit taking. Now we look for the right entry opportunity in Uptrend.
We wait for price to either 1) break back above $600 to signal continuation of uptrend, with +10% upside potential to $670 next, or 2) pull back near $500 support for another swing trade entry in Uptrend with +20% upside potential back to $600.
Trend : Uptrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Bullish but inflecting. MACD Line is above MACD Signal Line and RSI is above 55 but momentum may have peaked since MACD Histogram bars are declining, which suggests that momentum is weakening.
Support and Resistance : Nearest Support Zone is $500 (previous resistance), then $400. The nearest Resistance Zone is $600, then $670.
CAKE - Good Short Trade #CAKE/USDT #Analysis
Description
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+ Cake is showing overall weakness as it recently formed a lower low.
+ There is a good opportunity for short trade as the overall market is looking bearish
+ We can enter a short trade once the price breaks the support.
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VectorAlgo Trade Details
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Entry Price: 4.192
Stop Loss: 4.563
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Target 1: 3.958
Target 2: 3.761
Target 3: 3.426
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Timeframe: 4H
Capital Risk: 1-2% of trading capital
Leverage: 5-10x
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Enhance, Trade, Grow
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Best Regards,
VectorAlgo
Binance Coin can break resistance level, and continue to growHello traders, I want share with you my opinion about Binance Coin. Observing the chart, we can see that the price some time ago rebounded from the support level, which coincided with the buyer zone and started to grow, but soon price made a correction to this level, after which BNB continued to move up. Soon, the price turned around and made a fake breakout of the 402 level and then it turned around and started to grow in an upward channel, where BNB soon broke the 402 level one more time and then continued to grow. In the channel, the price rose to the resistance level, which coincided with the seller zone and even broke this level, after which it reached the resistance line of the channel, thereby exiting from the seller zone also. But soon, BNB turned around from this line and in a short time declined to support line of upward channel, breaking the 586 level. At the moment, Binance Coin trades near this line, and in my opinion, BNB can rebound up from the support line to the seller zone, thereby breaking the resistance level. After this, Binance Coin can make a retest and then continue to grow in an upward channel, therefore I set my target at the 645 level. Please share this idea with your friends and click Boost 🚀
#GAMEFI is a winning Crypto category along with #AI & #MEMESTherefore will produce the best returns
(along with #DEFI again)
To simplify investing
how do we take advantage of #CZ being forced to step down, fined, publicly flogged
His crime running the best crypto business in history.
Invest in a #BSC project that could 10X in rapid fashion
Got the best ticker
on CZ's public blockchain
and can be bought with a DEX on pancakeswap
***** I just found this , and I am ignoring the rapid price runup
this is not the time to be looking for DEEP pullbacks
PANCAKESWAP #CAKE Bull Flag pointing to ~ $7Cake is the yield farming incentive token and major LP pair on Pancakeswap
And was a major winner in the last cycle
People were buying Rolex's off cake rewards from pools alone!
So it's bear market is clearly over.
And the chart appears a #DEFI season is upon us.
Current price action suggests a Bull flag.
Entry points matter - but bull markets correct mistakes if you are long.
Good luck to all.
The key is whether the reported price (ATH) can be renewedHello traders!
If you "Follow" us, you can always get new information quickly.
Please also click “Boost”.
Have a good day.
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(BNBUSDT 1M chart)
It has risen above 533.9 and continues to rise to renew the new high (ATH).
Accordingly, the key is whether it can rise above 1 (730.5).
If not, and it falls, you should check if it is supported around 533.9.
(1W chart)
I believe that the 573.0-649.5 section corresponds to the psychological volume profile section.
Accordingly, the key is whether the price can be maintained by rising above 649.5.
(1D chart)
If the price maintains above 573.0-649.5, it is expected to rise above 730.5.
If it falls,
1st: 522.0
2nd: 427.2
You need to check if you receive support near the 1st and 2nd levels above.
If the price holds above Fibonacci 1 (730.5), the next target is expected to be 1.618 (1057.2).
It may swing up and down to rise to around 1057.2, but I think it is highly likely that it will eventually touch it.
BNB is one of the coins whose circulation volume is reduced through periodic buybacks.
Therefore, I think it is a coin that can be used for mid- to long-term investment.
These mid- to long-term investment coins can be purchased at a low price and held as is.
However, if possible, when a large upward trend appears to be coming to an end, I think it is a good idea to increase the number of coins corresponding to profit by selling only an amount equivalent to the purchase principal.
If you sell the amount of the purchase principal, the average purchase price of the remaining coins is 0, so there is no risk of long-term holding.
Therefore, purchase principal * 1.1 = amount to sell
(Example) If you multiply the purchase principal by 1.1, you will sell 10% more of the purchase principal.
As above, it is recommended to multiply it by about 1.1 and cash out more than the purchase principal.
Have a good time.
thank you
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- 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.
#BTCUSD 12M
1st: 44234.54
2nd: 61383.23
3rd: 89126.41
101875.70-106275.10 (when overshooting)
4th: 13401.28
151166.97-157451.83 (when overshooting)
5th: 178910.15
These are points that are likely to encounter resistance in the future.
We need to see if we can break through these points upward.
Since it is thought that a new trend can be created in the overshooting area, you should check the movement when this area is touched.
If the general upward trend continues until 2025, it is expected to rise to around 57014.33 and then create a pull back pattern.
1st: 43833.05
2nd: 32992.55
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BNBUSD: Can it reach $15000 during this Cycle?Binance Coin has become overbought on the 1D timeframe (RSI = 85.874, MACD = 52.260, ADX = 67.821), even the 1W RSI (85.874) is off the charts, and it is natural since it is on a hyper strong rally that is approaching its All Time High. The 1W MA50 will now support throughout the whole parabolic rally and the ramainder of the Bull Cycle, as it did in the two Cycles prior.
The peaks can be caught very effectively by the Sine Waves and the next is expected to be towards the end of 2025. Every High has been a +0.5 Fibonacci higher, the next is 2.0, so a new peak around 15000 shouldn't be considered unrealistic at all for the coin of the world's largest exchange.
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