BinanceRetesting recent breakout. If binance stays above the breakout level, other big tokens will follow
BNBUSDT.P trade ideas
BNB: BREAKING OUT AND TESTING WEEKLY RESISTANCEBinance Coin BNB/USDT is exhibiting 2 interesting patterns at the moment on weekly timeframe
1. A Breakout and re-test of the weekly resistance (since ATH in May 21 to ATH in Jun 24).
2. Although not a perfect cup and handle pattern, yet if considered one, it shows a thrilling target @ $1000 (which is achievable in upcoming bull run)
Best of Luck!!
Binance Coin Long Setup Setting / Next Alt-Season BasketBINANCE:BNBUSDT
OKX:BNBUSDT
📈Which side you pick?
Bull or Bear
SL1 ---> Low-risk status: 3x-4x Leverage
SL2 ---> Mid-risk status: 5x-8x Leverage
(If there is just one SL on the chart, I suggest, low risk status)
Considering the price trend in its previous channel, by repeating the stabilization of the price at the bottom of the second parallel channel, it can be expected that the price will continue to move up to the top of the new channel.
The price breaking above the specified level can increase the certainty of the realization of the price target.
The price falling below the red level cancels the bullish scenario of Binance Coin.
Potential price targets for the levels will be $950 and $1,447.
👾Note: The setup is active but expect the uncertain phase as well. also movement lines drawn to predict future price reactions are relative and approximate.
➡️Entry Area:
Yellow zone
⚡️TP:
950
1447
2340
3515
🔴SL:
252
🧐The Alternate scenario:
If the price stabilize against the direction of the position, below or above the trigger zone, the setup will be canceled.
BNB is breaking out of an inverse head and shoulders patternI'm not a fan of figures, but here I couldn't help but develop both the cup and handle and the inverted head-and-shoulders figure, and the W reversal. You can choose how to interpret these patterns yourself. For me it becomes obvious that BNB will overcome the price of $1000. I would base on Fibonacci levels and expect a price of $1300. The worst target I would consider is $900 (very unlikely). RSI has been unloaded and we are preparing for further growth!
BNB/USDT longThe Binance chart is fully poised for rapid growth, and entry into this currency is fully confirmed based on classical analysis.
BNB Bull RunIf this is the restart of the bullrun.
I am an amateur trader. I sometimes enter into trades. Other times it is only an analysis. Trade with your own risk awareness.
Ridiculous capitulation, nice 3 drives, hi vol and RSI OS alertRidiculous capitulation, nice 3 drives, hi vol and RSI OS alert
nice 3 drives, hi vol and RSI OS alert,
HiLoCh indicator on 30m TF
1. 3 drives down from the break
2. High vol and b Vol profile on the candle.
3. - had a double event, unusual but should have been safe if waited for the close above the main body of the profile.
got the alerts, waited for the close above the profile, trade with good positon sizing and stop losses.
BNB USDT#BNB
CRYPTOCAP:BNB is breaking out of an inverse head and shoulders pattern on the weekly timeframe👀
The retest looks robust, signaling strong bullish momentum📈
After bounce, we could see price surge towards targets at $850, $1,000 and $1,400🎯
$ BNB | How do i expect to see BNB in coming weeksBINANCE:BNBUSDT
Here with another speculation about crypto assets. This time Binance coin with BNB ticker. Let’s take a look at the project’s information:
Launched in July 2017, Binance is the biggest cryptocurrency exchange globally based on daily trading volume. Binance aims to bring cryptocurrency exchanges to the forefront of financial activity globally. The idea behind Binance’s name is to show this new paradigm in global finance — Binary Finance, or Binance.
Aside from being the largest cryptocurrency exchange globally, Binance has launched a whole ecosystem of functionalities for its users. The Binance network includes the Binance Chain, Binance Smart Chain, Binance Academy, Trust Wallet and Research projects, which all employ the powers of blockchain technology to bring new-age finance to the world. BNB is an integral part of the successful functioning of many of the Binance sub-projects.
Source: Coinmarketcap.com
$ BNB
Market Cap: $ 94.5 B
Market Cap Rank: 6
Market Price: 723 $
ATH: $ 793 (-8.8% now)
ATL: $ 0.096 (+753188% now)
Technical highlights:
- W1:
Trend: There are few coins that kept their trend bullish in long term and BNB is one of them. Price ranged from $ 180 to $ 700 for more than 1370 days and after that in December.24 price made a new ATH at 793$. . In weekly time frame price faced range high and trying to absorb the supply above. In next two days weekly candle will close and if price managed to close above 700$ I believe the price discovery will continue. There is an important point in recent monthly candle close. Last candle closed as bullish engulfing with good volume. This is a very strong bullish signal for any asset.
MA: above all key Mas in W1 so bullish imo.
RSI: Value is around 67 and is strong in weekly time frame. That supports the trend direction.
OBV: Since early 2021 OBV remained almost flat. That shows that there are no much outflow. They kept their BNB holdings for a reason.
Volume: in last 4 weeks volume slightly increased and traders made more transactions. BNB got more attention from market and with current market direction and Bull Run I read this as more buyers.
**In my point of view, channels play an important role in trend direction and targets. Each time trend breaks a channel, a move toward the direction of break out with the size of channel will mostly happen. **
Supports:
$ 680 - 720 Range high- ATH (to be tested in W1)
$ 500 – 550 Demand zone
Resistances (fib. Based):
$ 800 fib. 1.272
$ 860 fib. 1.414
$ 960 fib. 1.272
$ 1260 fib. 2.272
$ 1425 fib. 2.618
$ 1900 fib. 3.618
$ 2350 fib. 4.618
$ 3000
$ 4000
Conclusion:
All these opinions are mine and can be wrong, so please DYOR.
BNB stuck in this range for a long time and challenges happened to Binance and CZ extended this. But now I believe it’s unhinged now. I’m a Holder and a buyer of this coin.
My strategy goes as below:
🛒 Pair: BNB/ USDT 🛒
👑 Bitcharge 👑
🕰 06/12/2024 🕰
POSITION: 🟢"Buy"🟢
2 % of capital
🛒 Buy: $ 650 – $ 700 🛒
👉Sell Targets👈
🎯TP1: $ 800 🥉
🎯TP2: $ 860 🥈
🎯TP3: $ 960 🥇
🎯TP4: $ 1100 🚁
🎯TP5: $ 1260 ✈️
🎯TP6: $ 1400 🚀
🎯TP7: $ 1600 🛰
🎯TP8: $ 1800 🛸
🎯TP9: $ 3000 🌙
🎯TP10: $ 4000 💫
⛔️ SL: $ 540 ⛔️ by closing W1 Below
Binance Coin (BNB): Possible MSB and 8% Correction!Binance coin seems to form a possible MSB, which might result in a fill of FVG near $660
Once we see the MSB and fill of FVG, we will be looking for a possible bounce from there after forming a proper supportive foundation there!
The second case is if we will not form MSB and bounce from here and break the upper resistance zone, then most likely we will form a new ATH so keep your attention on those 2 zones (MSB & resistance).
Swallow Team
$BNB dump or pump?after hit to the strong resistance for 7 times and Dump every time Except once . price now near to this zone . what next?
Extreme dump or extreme pump??
BNBUSDT.1DThe daily chart of BNB/USDT shows a strong bullish momentum as the price approaches a significant long-term resistance level. This analysis will examine the current price action, potential resistance and support zones, and the implications of technical indicators.
Price Action and Structure:
BNB/USDT has maintained a robust upward trajectory, breaking through several resistance levels. Currently, the price is at $753.25, nearing the upper boundary of the ascending channel, marked by the resistance line R1.
Resistance and Support Levels:
Resistance Levels: The immediate challenge for BNB is the resistance at R1, where previous peaks and the channel's upper boundary converge. This level could act as a strong resistance zone that might prompt price consolidation or a pullback.
Support Levels: Key support lies at $707.66 (S1). Further down, $587.88 (S3) acts as a more significant support level, aligning with the lower boundary of the ascending channel and historical price reactions.
Moving Averages:
The price trajectory above the dynamic support line (green ascending line) suggests continued bullish sentiment. This line is critical as it underpins the ongoing trend and provides a benchmark for potential pullbacks.
Technical Indicators:
MACD: The Moving Average Convergence Divergence (MACD) is currently above the signal line, indicating bullish momentum. However, the histogram shows a slight decrease in momentum, suggesting potential caution as the price nears resistance.
RSI: The Relative Strength Index (RSI) is at 62.99, which is comfortably below the overbought threshold of 70. This indicates that there is still room for upward movement before the market might consider the asset overbought.
Conclusion:
BNB/USDT is showing strong bullish trends but is approaching a critical resistance area marked by R1. Traders should watch this level closely as a breakout above could signal continued bullish momentum, potentially reaching new highs. Conversely, a failure to break this resistance could lead to a retracement towards support levels at $707.66 or even $587.88. Given the current MACD and RSI levels, the market may have the momentum to test these higher levels, but caution is warranted near resistance zones.
BNB to 1000$ SOON!!!With the activation of our pink structure, the market now has the legitimacy to extend further towards the $1,000 level. However, it’s likely that we will see a short-term correction into our blue OCL (Overall Correction Level) first, gaining momentum from there to move upward.
It remains to be seen whether our resistance line will push the market significantly downward once more or if we can break through directly.
$BNB: $720 United States dollars for BNBBinance is one of the exchanges with the most amount of volume. Bull market, volume, $BNB. Those are the only words you need to see.
A 2000$ BNB is not so far! Everyone be prepared!Beautiful #Cup&Handle in monthly timeframe tells everything you need to know.
BNB up trendBinance coin already braked out of the long time rectangle classic pattern, it is expected to to continue up trend to the targets which are mentioned in the charts.
BNB to 1k?We can see a cup with handle on the daily, if price break and close above 715 then will potentially see BNB visiting $1000-1200 in the near future.
We can see the 522-462 area is a kind of support based on Fib extension.
Failing to do the breakout on 715 then might drop to 500 and bounce again or go even lower below 400.
ENTRY 715
Stop loss 618
Do not enter yet until the above requirements are met.
These are just speculations you can take my advice or technical overview with a pinch of salt.
You are welcome to comment to discuss further. Let me know your thoughts.
Stay safe.
BNB/USDT: Weekly Breakout! Massive Rally Ahead – Are You Ready?🚀 Hey everyone! 👋
If you’re finding value in this analysis, don’t forget to smash that 👍 and hit follow for premium setups that actually deliver results! 💹
🔍 Technical Breakdown:
BNB is looking primed for a massive rally! 💥 Breaking out of a textbook inverse head and shoulders pattern on the weekly time frame, BNB is flashing a strong bullish signal. The retest looks solid, and the setup suggests significant upside potential from here. 🟢
📈 Entry Range: $675-$735
🎯 Targets:
1️⃣ $980
2️⃣ $1,370
3️⃣ $1,660
4️⃣ $2,280
❌ Stop Loss: $480
⚖️ Leverage: Use low leverage for a safer trade (max 5x).
💬 What’s your take on BNB’s breakout potential? Are you spotting the same bullish momentum, or do you see it playing out differently? Let’s discuss in the comments below! Share your thoughts and analysis, and let’s make the most of this opportunity together. 🚀💰
is BNB the next TRXTron has been a major overperformer with catching a niche in the growing stablecoin market. While BNB has been losing market share both in its chain and with its exchange.. BNB does still look strong. It does still share an ongoing fractal with TRX. It does look like relative to its weaker performance itll grow.
I suspect TRX will pull BNB into a breakout of highs. Whether itll lead to gains as great as TRX Im not sure. Im not sure if BNB is the best risk reward but I do think BNB could follow TRX soon with not much relative to market risk.
BNB’s Bull Run: $2000 This Cycle, $5000 Next?BNB’s Bull Run: $2000 This Cycle, $5000 Next?
#Binance Coin has hit a new ATH and is gearing up for the $2000 club! 🎉
▪️ Initial Entry: $250-$200
▪️ Current Price: 240% up from entry
▪️ Profit Booking: Starting at $1000
Targets:
▪️ This bull run: $2000 (200%-300% potential is realistic)
▪️ Long-term (next bull market, 3-4 years): $4000-$5000
I remain super bullish on CRYPTOCAP:BNB and will post updates on any changes or profit-booking decisions. Let’s make massive profits together.
Note: Always do your own research before investing.
#Altseason
BnbBnb usdt Daily analysis
Time frame daily
Risk rewards ratio >2
My last bnb analysis was reached target.
Now I set a new target and new entrance
We heard news that CZ wants to come back to Binance and it depends on Mr. TRUMP
Another news we heard about alt season
These are good news for altcoins and bnb coin.
If bnb can break the strong resistance area ( blue box on chart ), may be a good pump starts.
What I think on BNB USDTW5 TP is calculated based on W1:3 APP 38.2% and 61.8%
for better TP We need PRZ, when price gets closer to TP I will add W3 EXT and W1 APP.
There is no Stop loss in this analysis, Stop loss is based on fundamental data of Binance bankrupt or etc, unless Binance Co. is working, I'll keep the coin.
