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BNBUSD trade ideas

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
IS $BNB Buyers finally Ready to Shoot for $440 Or Is BNB Dead?CRYPTOCAP:BNB price is Trading currently within a Busy rectangle range, while battling the resistance range of HKEX:336 to $459. The last 3 attempts to get past 345 have failed and resulted in a temporary pullback and for the fourth time we see the bulls crawling this time back to the same area. with a price range of HKEX:264 to HKEX:397 on the chart. This pattern suggests a potential bullish continuation pattern and a strong bullish pressure brewing in the background, indicating that the current pause is temporary and an upward movement may be imminent on BNB any movement soon. However, it is important to consider the possibility of a bearish reaction of BNB to the top of the box at the HKEX:397 area all the way up to HKEX:440 , which may create breakout pressure. Therefore, caution should be exercised as the price approaches this area, and profits should be protected by moving the stop loss up to breakeven or by using a trailing stop loss. If the bulls succeed in breaking out, the upward move will most likely continue. However, it is important to remain open-minded, as anything can happen at any time. the below signal is best for sport but can be used on futures with a tighter stop loss adjusted to the HKEX:314 range. FREE MT SIGNAL(SPOT TRADE) 👉 ASSET: CRYPTOCAP:BNB (BNB/USDT) 👉 ACTION: BUY 👉 1st ENTRY PRICE: FWB:328 👉 STOP LOSS: HKEX:298 👉 1st TAKE PROFIT: HKEX:396 2nd TAKE PROFIT: HKEX:440 💰 RISK MANAGEMENT: I strongly recommend the use of stop loss, you can use the HKEX:298 for Spot and HKEX:314 for Futures as a point of sell to limit potential losses on in case the trade goes against us as ranges are unpredictable. We also suggest taking profits as the price approaches HKEX:397 to lock in gains. before hitting Target on BNB 440 range in case the bulls get weak on reaction to the box Resistance 🚨 DISCLAIMER: This is not financial advice. Please do your own research before making any trades. We are not responsible for any losses that may occur from following this trade signal.
BINANCE:BNBUSDLong
by MachiavelliTrader
Binance Coin: oversold side is coming?BNB is still influenced by the negative news surrounding Binance exchanger. CFTC charges are still in the spotlight of market interest and its potential impact on further business of the Binance. Until this dispute is finally resolved, BNB`s price will be suppressed, without much moves to either side. It is positive that the price manages to hold above the $300 support line, however, charts are showing potential for further pressure to the downside. The price of the coin did not move much during the previous week. Lowest level reached was HKEX:299 but only on one occasion, after which, the coin returned to previous levels, oscillating around HKEX:310 level. Major development during the previous week was with the RSI indicator, which crossed the 50 line and headed toward the oversold side of the market. The indicator ended the week at level of 47. Moving averages of 50 and 200 days continue to move as two parallel lines and still holding the Golden cross occurred some time ago. As already mentioned, due to negative news about Binance exchanger, the price of BNB will be suppressed during the forthcoming period of time. If current HKEX:310 level continue to hold then the price might shortly test $320. On the opposite side, support line at $300 might be also tested again.
BINANCE:BNBUSD
by XBTFX
Let's Suss Out The 2023 Market Hey everyone, here's a quick video update. It looks like there's something wrong with Tradingview's screen record function, so it's possible the video will not show up. In that case, this will be audio only and there's not much I can do about it. Finally had some time today due to a light workload this week (gotta love religious holidays). In this video, I talk about DXY, Bitcoin, Ethereum, Litecoin, XRP, and BNB. I hope you enjoy! This video is meant for speculation and entertainment only - not as financial advice.
BINANCE:BNBUSDShort
by VictorCobra
2
Binance Coin: slowdown continuesMore negative news about Binance exchanger hit the market during the previous week, hence, the price of BNB reacted in a negative manner. Namely, the CFTC pressed charges against Binance exchanger, noting violation of several provisions on the US commodities law, whose aim is prevention and detection of the money laundering and terrorism financing. This news was not positively welcomed by the markets, in which sense, the price of BNB went from $330 down to $310. Around this level BNB is also finishing the week. Regardless of the drop in price, RSI continues to move around level of 50. This means that the market is just not ready to choose the trading side. Moving averages of 50 and 200 days continue to move as two parallel lines, which still hold a Golden cross occurred a few weeks ago. It could be expected that the market will remain sensitive to the news regarding CFTC`s charges against Binance, in which sense, risk of the further downside in the price of BNB holds. In this case, the price of BNB might go down to $300 support, with lower probability for a short term stop at $280. On the opposite side, price might recover to the previous levels between $320 and $330.
BINANCE:BNBUSD
by XBTFX
Binance Coin: a short reversalDuring the last two weeks BNB, as other major coins on the crypto market, benefited from the news on the banking crisis. However, the price of BNB, although on the up road, was still moving in a relatively steady manner. The coin headed toward the $350 resistance line, but it did not have strength to clearly test this level. Rather, the highest weekly level was at $345. The coin entered into a short reversal, finishing the week around $320 level. During the week, RSI reached the clear overbought side of the market, when it entered into a short reversal to the downside. RSI is currently moving around level of 54. This suggests that soon the indicator might move below the 50 line, and head toward the oversold side. This increases the probability that BNB might test lower grounds in the coming period. Moving average of 50 days slowed down its divergence from MA200, so now they are moving as two parallel lines. The Golden cross from a few weeks ago still holds. Market sensitivity about new news on banking contingencies still holds, in which sense, any surprises on this side, might trigger higher moves on the crypto market. In this sense, investors' precaution continues to be advisable. Still, in case that there are no surprises, BNB might revert a bit to the downside, at least to test the support line at $300. At this moment there is no indication that the price could go below this level. On the opposite side, BNB might try to test a short stop at $330 once again, before it starts challenging $350 resistance in another attempt.
BINANCE:BNBUSD
by XBTFX