BNB UppdateSo it looks like we have a good setup for some friday Bleeding in the crypto market. looking to short Bnb inside the imbalance.Shortby Heyhopikk931
BNB Long Yesterday price formed a demand zone between 507 and 527. Today it broke and closed above that zone. From trend view point the low of 472 is a higher low from the low of 400 . 200 day EMA looks to have become support at 509. Potential long till 670Longby stevetambo326
BNBUSDT.1DAnalyzing the BNB/USDT daily chart, we can observe a number of key technical aspects that guide my trading decisions: Current Chart Formation: The price action for Binance Coin (BNB) displays a descending trend line since its peak in June, indicating a prevailing bearish sentiment in the market. The recent attempts to break above this trend line have not sustained, suggesting strong overhead resistance. Support and Resistance Levels: The chart identifies a clear support level at $404.1 (S2) and $465.9 (S1), with resistance at $605.6 (R2). The intermediate resistance at $465.9 has been tested multiple times, which could become a pivot point for short-term price movements. The key resistance at $605.6 aligns with previous highs and a psychological level that might see significant sell pressure if approached. Technical Indicators: The MACD is trending below the signal line but shows signs of converging, indicating potential weakening of the current bearish momentum. A bullish crossover here could suggest a shift in trend. The RSI at 49.5 is nearly neutral, reflecting balanced buying and selling pressures. This neutrality in RSI points to indecision among traders, warranting a cautious approach. Market Sentiment and Strategy: Given the current market setup, my strategy involves closely monitoring the response at the $465.9 support. A convincing break below this could open the path toward $404.1, where I would assess market reactions for potential buying opportunities, anticipating a bounce back due to historical support. Conversely, should the price push above $465.9 and sustain, I would look for entry points to capitalize on potential upward momentum, setting a target near the next major resistance at $605.6. However, this bullish scenario would need confirmation through increased trading volume and further bullish signals on both MACD and RSI. Risk Management: In either scenario, maintaining strict stop-loss orders slightly below or above key levels (depending on the position) would be prudent to mitigate potential losses from unexpected market turns. By maintaining a disciplined approach and monitoring key indicators and levels, I aim to navigate the fluctuations in BNB's price effectively, capitalizing on clear trends and reversals while managing risks efficiently.Longby MarsSignals6
Fibonacci Retracement swing golden levels breakout-reversalThe "golden levels" — specifically the 1.618 , 2.618 and 3.618 retracement points — hold a special place. These ratios, derived from the Fibonacci sequence, are revered for their tendency to act as crucial support and resistance zones.Fibonacci sequence expresses the golden ratio 1.61803 and the market fullfills the structure most of the time by retracing the golden levels or zones. The market has swings and fibonacci retracemnet tool helps to find the exact levels of breakout and reversals based on market trend swings. Here, after breaking out the level there must be some sustaining candles formed to make a position in the market. Or, if the candles sustain over the level, it can turn into a reversal point. The market follows an integrated psychology of traders,brokers,makers,takers.Therefore,we must wait for some sustaining candles and the candles must retrace the level for a continuation or reversal of the trend. -Asif Hassan Risan 7 september,2024by Asif_Hassan_Risan334
BNB/USDT Breakdown: Head and Shoulders Pattern in Play!BNB/USDT is following through on the Head and Shoulders pattern and is already trending downward. Watch for potential further declines, and manage your positions with care as support levels may be tested!Shortby Genesis_335
8N8 USDT: 50.000 US token 8efore 2030?Hello.The 8N8/8TC ratio was at 2% one and a half years ago. it is now 8elow 1 % with an upward trend since the start of the 8inance token. If the trend is confirmed the price could exceed the price of 8TC 8efore 2030 , that is to say 54,000 US token today. by Le-tradeur-de-fortune-and-co4
Binance triangle breakout! $BNB #BNB #BNBUSDT #Binance #BNBUSD CRYPTOCAP:BNB #BNB #BNBUSDT #Binance #BNBUSD Binance triangle breakout!Longby Atlantean_Trade0
BNBUSDT - SHORT [Daily Signal]With each signal of movement for the dominant BTC, it is logical to expect movement in the same direction of the rest of the coins (with rare exceptions). Circles mean what they mean, you know. Stay tuned.Shortby markcryptex3
#bnbusdt time to pull back ! Needs to gain momentum for increase continuation ! Let's see what will happen after strong bear score via scorehood.by ScorehoodAI1
Binance Coin (BNB)The world's largest crypto exchange by volume, Binance continues its push into the embattled crypto mining industry with a plan to begin offering a crypto cloud mining product next month. crypto miners have had a tough year, with the price of bitcoin having hung around $20,000 for months, a far cry from its peak above $68,000 in November 2021. Other cryptos have faced similar or even worse declines. One of the largest mining-related firms in the U.S. filed for Chapter 11 bankruptcy in late September. Other companies, however, are seeing opportunity from this crisis, with CleanSpark going on a buying spree of mining rigs and data centers, and DeFi platform Maple Finance starting a $300 million lending pool Binance Pool announced its own $500 million lending fund for bitcoin miners last week and said it would enter cloud mining, a service that allows investors – who otherwise might not be able to buy and operate their own equipment – to rent crypto mining machines. The official launch of the cloud mining service will come in November. BNB can back to 300 in a short time but 195 is a good price for entry and long term investment Longby moonyptoUpdated 8811
BNB/USDT Chart Update!!Analysis: BNB/USDT continues to trade within a well-defined descending channel on the 2-hour timeframe. The price has recently bounced off a significant support zone around $498 - $505, suggesting buyers are stepping in at these levels. The bounce is taking place from the lower boundary of the channel, and there is potential for a move towards the upper trendline if buying pressure persists. Disclaimer: This is not financial advice. Stay updated with market movements and adjust your trading strategy accordingly. Keep an eye out for further updates and analysis. Thank you!Longby CryptoSanders9563119
BNB crash In the analysis you see (which is more or less the same for most altcoins) We expect a correction to the specified range The correction is definite and now it is not a suitable range for buying Capital management is the only way to save you in this marketShortby coinchik3
BNB Head-and-Shoulders: Short-Term Dip, Major Rebound PotentialBNB 1 day chart The chart shows a head-and-shoulders pattern, signaling a potential short-term dip in BNB's price, likely towards the $320-$360 range, a strong rebound could follow, pushing the price upwards.Shortby CryptoMonere110
BNB. Strong Support Near 500 Could Trigger Bullish Trend BNB: Strong Support Near $500 Could Trigger Bullish Trend BNB has tested rebound support zone as $500 Showing a quick price reaction. This area has been multiple regections, increasing the likelihood of a bullish movement. The first resistance Zone is $512. A discisive move above this level could enhance bullish movement, potentially pushing the price up to $522 initially. Further movement will depend on subsequent Market condition. You may more find details in chart 📉 Thanks and Good Luck 🤞 Plz Support with like or comment if you find the analysis useful for your trading day❤️Longby MrCharlie13351
BNB: Strong Support Near $500 Could Trigger Bullish TrendBNB: Strong Support Near $500 Could Trigger Bullish Trend BNB has tested a robust support zone around $500, showing a quick price reaction. This area has seen multiple rejections, increasing the likelihood of a bullish movement. The first resistance zone is near $512. A decisive move above this level could enhance bullish momentum, potentially pushing the price up to $520 initially. Further movements will depend on subsequent market conditions. You may find more details in the chart! Thank you and Good Luck! ❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️Longby KlejdiCuni336
BNB - Daily Buy and Sell Zones Mapped OutThe daily chart for BNB highlights critical levels where buy opportunities may arise (green lines) and where sell pressure could increase (red lines). These zones are key for traders looking to capitalize on potential price movements in either direction. Disclaimer: Trading involves risk, and past performance is not indicative of future results. Always conduct your own analysis before making any trading decisions. Feel free to comment, share your thoughts, and follow for more precise trading levels and insights!by Remora_traders1
BNB BNB is currently retesting the $500 support level. We might see a possible bounce back from it.Longby Kartik_Elkunchwar227
Alikze »» BNB | Support zone failure🔍 Technical analysis: Support zone failure - In the 4H time frame, after not being able to break the supply area, it has faced selling pressure. - Currently, a bullish pattern is observed, which has extended to the supply area. - Therefore, any pullback to a broken structure can face selling pressure again. - So we should see an increase in selling pressure in the supply area to continue the corrective lag until the liquidity area. - In addition, in case of breaking the liquidity area, the correction can continue up to the specified areas and Fibo 2.618. Alternative scenario: In addition, if it can break and stabilize the supply area upwards, it can have a retest to the next supply area. 🛑Range of resistance or supply area: 531-547 🟢 Support area: 468-464 »»»«««»»»«««»»»««« Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support. Best Regards,❤️ Alikze. »»»«««»»»«««»»»««« BINANCE:BNBUSDT Shortby alikze6
BNB/USDT 1DAY CHART UPDATE !!Focusing on long setups, here is the daily chart of Binance Coin (BNB) against Tether (USDT). Here is the interpretation: The chart shows a horizontal support line near the $461 mark, which has been tested multiple times. This area is crucial for maintaining the overall uptrend. An ascending trendline starting from prior lower levels is shown, providing additional support and reinforcing the bullish bias if BNB stays above this line. The green line outlines a potential path where BNB could fall slightly, possibly towards support near $461, before bouncing back. The projected move suggests that a significant rally could follow if the support holds. Potential resistance levels are visible around $535 and further up, where the price could face challenges. The outlook remains bullish if BNB can maintain support above the ascending trendline and key horizontal support, targeting higher targets as indicated by the projected path. Overall, the chart suggests a bullish long-term outlook for BNB if it continues to respect key support levels and the ascending trendline. A possible initial pullback before a strong upward move is possible. Note: This is not financial advice. Stay tuned for further updates and analysis. Thank you!Longby CryptoSanders9563117
BNB Price Analysis by the Mallicast Team:The Mallicast team has recently analyzed the price of Binance Coin (BNB). In this analysis, we have not delved into a broad price range, but the current market situation suggests that BNB is likely in a range-bound movement. Based on our analysis, we have identified the price fluctuation range for BNB between $476.7 and $546.4. This indicates that the price of BNB may currently oscillate within this range and is unlikely to experience significant movement outside of these levels. In this scenario, traders should pay close attention to support and resistance points within this range. Monitoring price movements and utilizing technical analysis tools can help identify suitable buying and selling opportunities. Overall, movement within this price range may imply continued limited fluctuations until the price reaches one of these key levels or moves outside of them.by mallicast4
Short trade 1Hr TF overview Sun 1st Aug 24 Pair BNBUSDT Trade 1 Sellside trade 15min TF Entry 3.15 am (NY Time) LND Session Observed 30min TF Entry 518.18 Profit level 500.51 (3.41%) Stop level 523.39 (1.01%) RR 3.39 15min TF overview Shortby davidjulien369Updated 1
Bnb Long or Short?!I think it would be support in few days for bnb also we have a long bullish engulf candle soon but if price do not make this candle we face with a strong sell movement by TradeWithMky2