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BNBBEARUSD trade ideas

Binance Coin: will $320 hold?News are reporting that the level of coins held with Binance exchanger are modestly returning after an outflow caused by the negative news which surrounded this exchanger in the previous period. However, the price of BNB is staying within a relatively lower range. After not being able to clearly break the $350 resistance line some three weeks ago, the coin found a support level around $320. BNB started the previous week around $340, but soon reverted to the down side, reaching its lowest weekly level at $320, where the coin is finishing the week. RSI continues to move around level of 50, however, it seems that the market is more oriented toward the oversold side, rather than on the opposite. Moving average of 50 days slowed down its divergence from MA200 counterpart. It might be just a short break, however, if the move continues, it might lead toward the so-called “dead cross” in the coming period. Charts continue to point on a short-term reversal in the coming period. During the previous week, a short support line at $320 has been clearly tested. The coin still manages to hold above this level, however, in case of persistent selling orders, it might be breached. In this case, the coin will test $300 short term stop, with currently low potential for $280. In case that a move toward the upside occurs, it could be until level of $330. A move toward the $350 resistance line is not probable based on charts at this moment.
BINANCE:BNBUSD
by XBTFX
BNBUSD PRICE PREDICTION -SUPPORT AND RESISTANCE -SIDEWAYS MARKETBNDUSD is not currently following any trend showing the market is currently moving in sideways direction. Support and Resistance concept comes into play in such scenarios. As Support and Resistance are meant to be broken so I have placed Sell Stop and Buy Stop orders at the breakout of support and resistance levels respectively. Sometimes, market crosses first Support and Resistance level and then move back so I have used breakout of 2nd Support and Resistance levels as my possible entry points. TRADE PLAN: REWARD: 2% { (TRADE 1 (Sell Stop) : 24.3 : approx USD 89.91 (REWARD), (TRADE 2 (Buy Stop) : 27.2 : approx USD 89.91 REWARD) } RISK: 2% { (TRADE 1 (Sell Stop) : 24.3 : approx USD 89.91 (RISK), (TRADE 2 (Buy Stop) : 27.2 : approx USD 89.91 RISK) }
BINANCE:BNBUSD
by faizannisar0
Binance: Excited! 😬Lately, Binance has been jumping up and down below the resistance at HKEX:347 excitedly, even hopping above this mark once to finish wave (b) in blue. To complete wave (c) in blue as well as wave ii in magenta, the altcoin should move a bit more purposefully, diving into the magenta-colored zone between $304.40 and $274.90. There, our crypto friend should gain enough upwards momentum to develop wave iii in magenta and thus make it above the hurdle at HKEX:347 effectively. There is a 27% chance, though, that Binance could skip the magenta-colored zone, climbing above HKEX:347 directly to expand wave alt.iii in magenta earlier already.
BINANCE:BNBUSD
by MarketIntel
Binance Coin: potential for $300?Ongoing banking crisis with First Republic Bank didn’t have almost any impact on the price of BNB during the previous week. The level of deposits flowing from banks to the crypto market this time was reflected only in BTC`s price. This suggests that the majority of deposits were transferred in the first wave, during the collapse of SVB and Signature bank, and that similar banking crisis will have only minor effect on the prices of crypto coins in case that similar situation occurs in the future. However, on a positive side was the news that the total amount of BTC`s held in Binance wallets has been increased for the first time since the FTX collapse. This might be perceived as a first signal that market participants are slowly bringing back their confidence into Binance exchanger after some time of turbulent period. This will also be positive for BNB. BNB reached its highest weekly level at HKEX:345 and swiftly reverted the price to the downside, ending the week with prevailing selling orders around $320. The RSI took the down-road, ending the week modestly below level of 50. This is one of the indications that the market is headed toward the oversold side. At the same time, positive development is that MA50 continues to diverge from MA200 counterpart, which continues to be supportive for the Golden cross. Charts are pointing that short term reversal might continue in the coming days. There is some probability for the $300 support line to be tested in the coming days. At this moment there is no indication that the price might go lower from this level. On the opposite side, HKEX:330 might be tested again, still, without potential that the $350 might be reached in the week ahead.
BINANCE:BNBUSD
by XBTFX
bnbusd daily best level to buy/hold tp 100% gains🔸Hello guys, today let's review daily price chart for BNBUSD. Noteworthy compression in progress, with a decent sequence of higher lows, so overall chart looks good for further gains. 🔸Sequence of higher lows set by 206 usd and 244 usd, expecting a new higher low near 287 usd. Resistance overhead, so short-term progress/upside is limited. Decent pullback incoming in May. 🔸Recommended strategy bulls: bullish structure and compression in progress. However, expecting one final pullback before we get a decent move. Bulls should wait for the pullback and focus on buying lower near 287 USD. final TP bulls is +100% gains near 565 USD. good luck traders! 🎁Please hit the like button and 🎁Leave a comment to support our team! RISK DISCLAIMER: Trading Futures , Forex, CFDs and Stocks involves a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. Always limit your leverage and use tight stop loss.
BINANCE:BNBUSDLong
by ProjectSyndicate
13
Binance Coin: price is holdingConsidering general circumstances on the crypto market during the previous week, it could be noted that BNB had a relatively good week, compared to other major coins on the market. Namely, the price was following general market sentiment, but the coin managed to lose more than 1% in a single week. Although its price has been under pressure for some time now, considering generally negative news related to Binance exchanger, still, during the general market reversal, the BNB performed actually quite well. At the beginning of the week the price of BNB tested the resistance line at $350 but soon reverted to the downside and lowest weekly level at $315. BNB is ending the week around a short term stop, at level of $330. It was a pretty swift recovery within a week. RSI reached a clear overbought side, after which, the price entered into short term reversal. Although the indicator reached level of 50, it has reverted the path toward the upside, finishing the week around level of 55. It looks like the market is still not ready to start the road toward the oversold side. Moving averages of 50 and 200 days continue to move as two parallel lines, questioning the Golden cross which occurred some time ago. RSI shows that the market is still not ready for a course to the downside. Charts are showing that the coin is also not ready for a move to the upside. Although there is some probability that the price might head toward the $350 resistance for one more time, there is lower probability for such a move. Based on current charts, it is more likely that the price will revert once again toward HKEX:310 , which should be its reversal point back to $330.
BINANCE:BNBUSD
by XBTFX
Binance Coin: weak price movesThe price of BNB continues to be influenced by the news surrounding Binance exchanger, in which sense, some significant price moves to either side were not expected. Although there has been positive sentiment on the market since the beginning of this year, the price of BNB did not react in an usual manner, with strong price moves to the upside. Instead, the price is still holding above $300. During the previous week, there has been some move to the upside, reaching the highest weekly level at HKEX:335 , but still, daily trading volumes remained quite low, without strength to support price higher grounds. RSI started its path toward the overbought side of the market. The Indicator flipped from the 50 line and ended the week around the level of 62. This was a positive move, indicating that there is still space for the BNB`s price to move to the higher grounds. Moving averages of 50 and 200 days continue to move as two parallel lines, but they still manage to hold the Golden cross. Fundamentals will drive the price for BNB also in the coming period. RSI points to a potential for price to move to the higher levels, in which sense, BNB might test the $350 resistance line. On the opposite side, there is also some potential for levels modestly above the $300 support line to be tested for one more time.
BINANCE:BNBUSD
by XBTFX
BNB Playout Charts "Long Movement"The movement of BNB according to previous predictions rose to a price of $ 345, of course there was some good sentiment in terms of catalysts such as the launch of the NFT which was just announced on April 13 2023. This catalyst certainly greatly influenced the price sentiment of BNB. For future predictions, BNB will try to retest its support at HKEX:330 as a foothold for finding new support. However, please note that currently there is an altcoin season, which means that many altcoins have increased performance that exceeds the performance of bitcoin price movements. It is possible for BNB to immediately increase to HKEX:360 USD, this price point is BNB resistance on November 5, 2022.
BINANCE:BNBUSD
by Cozybanana78