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Binance Coin / TetherUS PERPETUAL CONTRACT

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BNBUSDT.P trade ideas

BNB: Bullish Flag BreakoutTrade setup : Price remains in an Uptrend. After consolidating in a Bullish Flag pattern, price broke out in the direction of the existing Uptrend and broke above our target of $350. Potential upside to $400 next (+14% gain). Stop Loss (SL) at $320. Pattern : Bullish Flag pattern. Short term small rectangle trading range between diagonal parallel lines. It moves counter to the prevailing price trend observed in a longer time frame on a price chart. It forms typically following a sharp advance and often indicates a small change in direction (or areas of consolidation) before the previous trend resumes. Flag pattern is among the most reliable continuation patterns that traders use because it generates a setup for entering an existing trend that is ready to continue. Trade is initiated on a breakout, if it is in the same direction as the prevailing trend. Also, with bullish flag patterns, traders prefer a breakout with an increase in volume but it isn’t a must. Trend : Uptrend across all time horizons (Short- Medium- and Long-Term). Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55). Support and Resistance : Nearest Support Zone is $300, then $260. The nearest Resistance Zone is $350, which it broke, then $400.
Long
by altFINS
BNBUSDT - Price can make one more little move up and start fallHi guys, this is my overview for BNBUSDT, feel free to check it and write your feedback in comments👊 A few time ago price started to trades in flat, where it rebounded from support area to $293 support level. But at once BNB bounced and later rose almost to $328-323 area and then declined lower $293 level to bottom part of flat. Next, price turned around and in a short time rose back to $328-323 area and some time traded in this zone. BNB made little correction, after which turned around and made strong upward impulse to $366 points. Thereby price exited from flat and breaking $328 level, and recently made a little correction to $354 I think that Binance Coin can make one more little movement up, after which price turn around and start to decline to $338 level. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Short
by WalterMoon
BNBUSDT.1DBased on the market data provided, BNB (Binance Coin) is currently priced at $358 against USDT (Tether). On a 4-hour chart, BNB has an RSI (Relative Strength Index) of 79.90, which is nearing the overbought territory (RSI > 70), suggesting that it might be due for a price correction. The MACD (Moving Average Convergence Divergence) is 9.7, signaling a bullish trend. The Bollinger Bands (BB) at 366.0 also suggest a high level of price volatility. The immediate support and resistance levels are at $339.0 and $368.0 respectively. On a daily chart, the RSI at 82.56 is in the overbought territory, suggesting a potential price correction. The MACD at 11.0 indicates a bullish trend. The BB at 368.0 suggests high price volatility. The immediate support and resistance levels are at $316.0 and $390.0 respectively. On a weekly chart, the RSI is 75.24, still in the overbought territory. The MACD at 20.07 suggests a strong bullish trend. The BB at 368.0 suggests high price volatility. The immediate support and resistance levels are at $267.0 and $390.0 respectively. In conclusion, the technical analysis suggests that BNB is currently in a bullish phase but nearing overbought conditions, which could trigger a price correction. However, the strong support levels could limit potential downside. As always, it's important to complement technical analysis with fundamental analysis and consider your risk tolerance before making investment decisions.
by MarsSignals
1
IS BNB READY FOR THE BULL RUN?BINANCE COIN PRICE PREDICTION 2024-2033: IS BNB READY FOR THE BULL RUN? Binance Coin Price Prediction 2024-2033 BNB Price Prediction 2024 – up to $511.62 BNB Price Prediction 2027 – up to $1,593.00 BNB Price Prediction 2030 – up to $4,915.00 BNB Price Prediction 2033 – up to $15,903.00 After notable changes in its executive team, Binance has shown notable resilience and prospects for recovery. The departure of Changpeng Zhao, Binance’s CEO, who was also embroiled in legal challenges, initially caused a decline in the value of Binance Coin (BNB). Despite this initial setback, the cryptocurrency has shown a positive trend. Presently, BNB is trading at $317.6, reflecting a modest rise of 7.01% in the past month. What next for BNB in 2024? Let’s get into the details. How much is BNB worth? The current Binance coin price is $332.42 with a 24-hour trading volume of $883,690,728. BNB is up 2.94% in the last 24 hours. The current CoinMarketCap ranking is #4, with a live market cap of $49,711,054,737. It has a circulating supply of 149,544,917 BNB coins and the max. supply is not available. Binance Coin Price Analysis: Upsweep continues forward as BNB crosses $333 barrier TL;DR Breakdown Binance Coin price analysis confirms an uptrend. Coin value has increased up to $333.8. Strong support is provided at $289.6. The latest one-day and four-hour Binance Coin price analysis for 14th February 2024 confirms signs of an increasing trend. A rapid bullish swing has been observed over the span of the past few weeks. In the past 24-hours, a further escalation in the ongoing uptrend has been recorded. BNB/USD value has increased up to $334 because of the bullish swing. BNB price analysis on a daily timeframe: Bullish momentum intensifies growth beyond $333.8 The recent one-day Binance Coin price analysis gives out a favorable prediction for the cryptocurrency buyers. Green candlesticks seem to be dominating the one-day price chart as the buying activity is aggravating. Today, a considerable upturn in price was recorded as BNB/USD value rallied past $333.8. Its Moving Average (MA) value has improved up to $310.3 because of the rapid upturn.
Long
by henryartem
HelenP. I Binance Coin can little correct and then continue growHi folks today I'm prepared for you Binance Coin analytics. A not long time ago price reached support 1, but at once rebounded and in a short time declined to the trend line, breaking support 2, which coincided with the support zone. As well, BNB started to trades in a triangle, where it soon rebounded from the trend line and rose higher than support 2, breaking it one more time, after which BNB made correction below the trend line to this level. Next, the price started to rise and soon exited from the triangle pattern and in a short time rose to the trend line, which that moment coincided with support 2 and one more support zone. After this movement, BNB broke this level with the trend line and rose a little higher, but soon it turned around and declined back. The price made impulse up to 246 points, thereby breaking one more time support 2 and trend line. For this moment, I expect that Binace Coin will make a small correction, after which it turn around and continue to move up. Therefore I set my target at the 355 level. If you like my analytics you may support me with your like/comment ❤️
Long
by FirstNameHelen
2
BNB/Binance Technical Analysis and Trade IdeaMarket Context: BNB/Binance has enjoyed a strong bullish run, but monthly timeframe signals point towards the asset being overbought. Additionally, a move into previous highs on teh 1M and 1W charts hint at a possible pullback to the 50-61.8% Fibonacci retracement area. This zone often sees increased liquidity, which could attract long positions from institutional players. Potential Trade Strategies: Counter-Trend Short: Consider a short entry around the current price level, placing a stop-loss above the recent highs. Aim for a 1:1 risk-reward ratio on this trade. Fibonacci Buy: Look for a buying opportunity near the 61.8% Fibonacci retracement level, anticipating potential long positions from larger market participants. Place a stop-loss below the recent swing low and establish target levels as covered in the video. Disclaimer: The analysis presented reflects my interpretation of market conditions and is intended for educational purposes. It does not constitute financial advice. Before executing any trades, conduct your own comprehensive research and carefully consider your risk tolerance.
by tradingwithanthony
BNB.X in +5.27% UptrendBNB.X in +5.27% Uptrend, rising for three consecutive days on February 09, 2024 Moving higher for three straight days is viewed as a bullish sign. Keep an eye on this stock for future growth. Considering data from situations where BNB.X advanced for three days, in 245 of 445 cases, the price rose further within the following month. The odds of a continued upward trend are 55%. Technical Analysis (Indicators) Bullish Trend Analysis The Momentum Indicator moved above the 0 level on February 07, 2024. You may want to consider a long position or call options on BNB.X as a result. In 65 of 130 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 50%. The Moving Average Convergence Divergence (MACD) for BNB.X just turned positive on February 08, 2024. Looking at past instances where BNB.X's MACD turned positive, the stock continued to rise in 27 of 60 cases over the following month. The odds of a continued upward trend are 45%. Bearish Trend Analysis The RSI Indicator demonstrated that the stock has entered the overbought zone. This may point to a price pull-back soon. The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 3 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected. Following a 3-day decline, the stock is projected to fall further. Considering past instances where BNB.X declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 42%. BNB.X broke above its upper Bollinger Band on February 08, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options. The Aroon Indicator for BNB.X entered a downward trend on January 30, 2024. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Long
by Serhii_Bond
BNB/USDT 1D Chart ReviewI invite you to review the chart of BNB in pair with USDT. Here, however, we will start by defining, using a white line, a downward trend line, at which we can see how the price is struggling to maintain the upward trend. Then, using the blue lines, it is worth marking a strong side trend channel, in which we also fight at the upper border. Moreover, this is where you can mark cup and handle formations, the completion of which most often results in an increase in price. Moving forward, you should check the resistance points for the price. And here you can see a strong resistance zone from $354 to $401, which effectively influences the price rebound downwards, only when the price breaks out of it will it be able to try to increase to the resistance at $461. Looking the other way, we see that the price is wavering with support at $317, but here it is worth expanding to the support zone from $317 to $287, then there is support at $266, and then strong support near the bottom of the channel. When we look at the RSI indicator, we will see that there is still room for a price increase, while on the STOCH indicator, we remain above the upper limit, which, however, may result in another attempt at recovery or a temporary sideways trend.
by cryptodailyuk
Binance Coin can correct to support area and then start move upHello traders, I want share with you my opinion about Binance Coin. By observing the chart, we can see that the price a not long time ago rebounded from the resistance line of the triangle, and in a short time declined to the support line, thereby breaking the 300 support level, which coincided with the buyer zone. But then, the price bounced from the support line and soon rose back to the resistance level, breaking the 300 level one more time, after which BNB later exited from the triangle and tired to rise more, but failed and made correction to the support level. After correction, BNB made a strong upward impulse to 316 current support level, which coincided with the support area and in a short time later broke this level too. As well, the price started to trades in a range, where it rose to the top part and some time traded near, but not a long time ago BNB rebounded and declined to the 316 level, where the price continues to trades near to this day. In my mind, Binance Coin can fall to the support area, where it will turn around and start to move up in range. Therefore I set my target at 323 points. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
3
✴️ Binance Coin Distribution Phase ContinuesThe longer it takes, the stronger the correction will become. Good Monday my fellow Cryptocurrency trader, how are you feeling today? I hope this week brings you lots of profits... We are back again looking at Binance Coin —BNBUSDT. This pair peaked 28-Dec 2023, 46 days ago. On 9-Feb we get a new lower high while trading volume goes down to zero. Why do I say that this is a "distribution" rather than consolidation phase? The fact that we have no new highs is what gives it away. In a consolidation phase, after a month and a half wait we would see at least one challenge of resistance but here this isn't the case. In comparison, the bullish move from 21-Nov through 28-Dec lasted 37 days. The move from the 9-Oct low to the 21-Nov high lasted 43 days. In those instances, we would see price action moving forward and hitting new highs, this is not what is happening in the current phase. Another revealing signal can be found by looking at the session close rather than the wicks. The highest close happened 27-Dec 2023. The bearish divergence on the RSI is now more than two months old. I think it will only take a few more days... 1-2 days maybe but not far from mid-February for everything to unravel yet it can take time for the completion of the bearish wave. This is definitely the complacency phase. More than 90% of all Bitcoin addresses are in profit now, when this metric becomes this high, we usually get a correction and that is also what the chart says. The sell-off is expected based on price dynamics and market cycle but there will be a "surprise" development that will match the market sentiment which people will later use to point fingers, they will say: "The reason it dropped was because of such and such an event..." But the truth is that after a rise, we get a drop and that's just how it works. Prepare accordingly. And thanks a lot for your support. You will be rewarded for your persistence, your insistence, for your patience and for your trust. Namaste.
Short
by AlanSantana
BNB: Bullish Flag BreakoutTrade setup : Price remains in an Uptrend. After consolidating in a Bullish Flag pattern, price broke out in the direction of the existing Uptrend with +10% upside potential to $350 near-term. Stop Loss (SL) at $290. Pattern : Bullish Flag pattern. Short term small rectangle trading range between diagonal parallel lines. It moves counter to the prevailing price trend observed in a longer time frame on a price chart. It forms typically following a sharp advance and often indicates a small change in direction (or areas of consolidation) before the previous trend resumes. Flag pattern is among the most reliable continuation patterns that traders use because it generates a setup for entering an existing trend that is ready to continue. Trade is initiated on a breakout, if it is in the same direction as the prevailing trend. Also, with bullish flag patterns, traders prefer a breakout with an increase in volume but it isn’t a must. Trend : Uptrend across all time horizons (Short- Medium- and Long-Term). Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55). Support and Resistance : Nearest Support Zone is $300, then $260. The nearest Resistance Zone is $350.
Long
by altFINS
1
BNB: Potential Price Decline from Sideways RangeBNB has been in a sideways range for an extended period, currently at its upper boundary. I believe that without new highs from Bitcoin, BNB could present an excellent short opportunity. I haven't entered a position yet but will be looking for suitable entry points after significant liquidity was removed, followed by a market reaction. Given that Bitcoin and Ethereum are still showing buying strength, I recommend approaching this situation cautiously. The target price is set at $310.
Short
by Shved126
2