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J-BNB

BNB: Oversold at SupportBinance (BNB) technical analysis: Trade setup : Bearish breakout from Rising Wedge pattern and below 200-day moving average (~$300) could signal bearish trend reversal to downtrend. It is however quickly approaching $220 support area and is very oversold (RSI ~ 30), thus price could bounce up near-term. It’s a higher risk swing trade setup since overall trend is down. Patterns : Rising Wedge It usually forms after an uptrend and suggests a potential bearish reversal in the original uptrend. When price breaks the lower trend line the price is expected to trend lower. Emerging patterns (before a breakout occurs) can be traded by swing traders between the convergence lines; however, most traders should wait for a completed pattern with a breakout. Trend : Downtrend across all time horizons (Short- Medium- and Long-Term). Momentum is Bearish but extremely oversold. (MACD Line below MACD Signal Line). RSI is Bearish (< 45) but extremely oversold (< 20), which could imply that price could briefly stabilize or bounce if it reaches Support. Support and Resistance : Nearest Support Zone is $260, which it broke, then $220. The nearest Resistance Zone is $300 (previous support), then $340.
Long
by altFINS
Bitcoin - Key Level Test!Hello trader Today I have prepared a new idea for you. Like and subscribe to the channel there is a lot of useful information✅ A few thoughts regarding the BTC chart. On the older TF, the price continues to move in the descending channel zone, at the moment the key level is the range of $25,300-24,600. As we can see, the price is close to this zone, but they don’t want to confirm yet, perhaps they don’t allow to unload positions on purpose. If you look at the support zones, then we have two local ranges that I noted above ($25,300-24,600) these are the levels from which a technical rebound can be expected, well, you should also not forget about (squeeze) the $25,300 level can be broken through for a test the lower zone of the descending channel (marked with a red line), so be careful if you decide to take long positions. Altcoins: As for the altos, of course, everything is sad here so far, I have not closed all the positions that I have previously gained and continue to hold until the best changes in the market. Guys, now I really understand that they are strangling, all this terrible FUD is a psychological game and it will end soon, in my experience there were many similar situations and with each of them I only became stronger. I stay with you
BINANCE:BTCUSD.PLong
by DanilBlinkov
BNB Are you scared?Another bubble around BNB, anyone who follows me knows that I think it will crash down very hard. But if it wants to liquidate all short positions now, it has an ideal opportunity. For me, the Binance exchange was the first thing I got to know, in any case, the manipulation of the market within the crypto is disastrous and I am slowly switching to bybit. Have a nice day friends and let's see if it falls like a stone or if we look up again,
Long
by Bitcoinblockchainonline
Time for $BNB to bounce back!BNB is moving below its significant support of $264 on this 45m candles chart. The range that it should move should be at $264 - $274 considering the current market situation If SEC doesn't surprise us with the everyday announcements and the war against the crypto markets I believe that #BNB is going to make a short bounce. If it reaches the aboce mentioned levels, we need to check the charts again to see the next moves. I would like to read your opinions in the comments. Are you short or long on #BNB?
Long
by logicrypto
BNB 1D Chart : BUY SIGNALI don't generally post anything for the Day chart, purely because it takes so damn long to reach each of the markers. For the same reason, I'm obliged to point out when a coin does reach those areas because of their significance in terms of offering safe entries and potential gains. You may have noticed many coins dumping sharply in the last week, and I'm sure there are many wild and wonderful stories in the media about what caused this. In my opinion, they're all wrong. It's purely as a result of the overall position in the cycle and creating the appropriately proportioned candles in order to adhere to one of the rules of charting; Fractals. If you look at the charts on the 1min - 1hour timescales, you'll no doubt notice, from-time-to-time that coins move more rapidly at the outlying areas, ie. the end of trends, where the reversal patterns can be expected. Go ahead, take a look. Every instance of a reversal, regardless of its scale, there will be what seems like oversized, really aggressive candles that serve as markers for patterns on a larger timescale. This is the reason they move so aggressively, because they're bound by the rules and therefore HAVE to adhere to the fractal requirements and to do so, they often have to travel considerably larger distances (price variation) to get to those "must reach before you can turn around" levels. Now, scale that up to the day chart, keeping in mind that the same fractal rules apply, and what do you get? Outlying, oversized, really aggressive candles that elicit a media response purely for its sensationalist value, causing reporters and pundits everywhere to immediately start looking for the cause, and unfortunately, "seek and ye shall find" is as true now as it was then. Use it, don't use it. Think for yourself and learn to understand what's really going on. I guarantee you it's not a new SEC sanction, has nothing to do with an Elon Musk tweet and is not affected in the least by what a "whale" decided to have for lunch. It's an autonomous system, governed by mathematical laws and nothing we do can noticeably affect it. It is what it is and will go where it has to, to complete the cycle and tick the boxes sequentially in order to reach the next destination. This sounds simple, and applying it retrospectively Always makes sense, but it's not. I'm working on a project that will offer insight to the methodology that has resulted from years of studying crypto charts and applying a novel, unbiased approach. DM me to join the waitlist.
Long
by Rebelmedia
BNBBTC.1DHello dear friends, *Mars Signals Team wishes you high profits* This is a daily time frame analysis for BNBBTC.1D We are in the daily time frame. As you can see, after hitting our resistance line several times, the price failed to consolidate above that line and moved towards your first support line. Now, we expect the price to support once again and this time after breaking the first resistance line, it can move towards our second resistance line. But if it fails to stabilize above our support line, there is a possibility of a fall to lower numbers. Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions. Take care
Long
by MarsSignals
1
🔥 BNB Waiting For Oversold Bounce Break OutBNB has been a leading bearish crypto over the last couple of days, which has most likely to do with the legal issues that both Binance and CZ are currently facing. Nevertheless, I think that BNB is still a worthwhile asset. With BNB hitting daily oversold (bottom indicator is daily RSI), I'm expecting some kind of bounce in the near future. The entry signal will be once BNB can successfully close an hourly candle above the dotted purple resistance. Stop below the recent swing low (currently 263) and a target of 300.
Long
by FieryTrading
6
Binance Coin is on an Important Support looking for ReversalBNB has indeed revisited the predicted support level, confirming the bearish breakout. This support level holds significant importance, as it has previously acted as a strong buyback zone for BNB. Additionally, there is an identifiable trend line connecting the higher lows, which is currently serving as a support level for the price. These factors suggest that the support zone and the trend line are playing crucial roles in supporting BNB's price at the moment.
Long
by TraderChamp-Pro