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Binance Coin / TetherUS PERPETUAL CONTRACT

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BNBUSDT.P trade ideas

BNB: Resistance 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 reached our target of $400 for a +30% gain. Price has also broken above $400 resistance; however, it is now very overbought (RSI > 75), Hence, near-term, we’re likely to see it pause here on some profit taking. We would patiently wait for a pullback opportunity for a swing trade entry in Uptrend. 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 $350 (previous resistance), then $300. The nearest Resistance Zone is $400, which it broke, then $450.
Long
by altFINS
Binance Coin can correct to support line and then rebound upHello traders, I want share with you my opinion about Binance Coin. Looking at the chart, we can see how the price some days ago started to trades in an upward channel, where it first rebounded from the resistance line and fell to the buyer zone, which coincided with the 301 support level. After this, BNB bounced up and some time traded near the 301 level, after which it made a correction back to the buyer zone. Soon price backed up and a few time traded between the support level, after which it reached support line of the channel and made a strong upward impulse to the resistance line of the upward channel. BNB rolled down from this line and declined to 345 points, after which it turned around and started to rise to the current support level, which coincided with the support area. In a short time later, BNB reached this level, and broke it, thereby exiting from the upward channel and continuing to move up near the support line. Now, the price trades near the support line and I think that Binance Coin can correct to this line and then continue to rise higher. For this case, I set my target at the 430 level. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
1
BNBUSDT: Bullish Trend (Bullish Flag)🚀 Exciting Trading Opportunity Unfolding! 📈 BNBUSDT.P on the 1-hour chart reveals a meticulously identified Bullish Flag pattern, signaling a potential breakout for lucrative gains! 🌐 Join us as we navigate this promising setup, anticipating a decisive uptrend. 📊 No bearish divergence or trend in sight – the stage is set for a bullish surge! 📢 Traders, seize the moment strategically, position yourselves for maximum advantage, and stay alert for the breakout signal. 📈🚀 Let's ride this wave together! 🌊 #BNBUSDT #BullishFlag #TradingOpportunity #Crypto
Long
by mudusir
1
Binance Coin(BNB): Looks Bullish But Is It?Binance coin is looking strong, but for how long? We are seeing a nice growth happening where price has drifted far away from EMAs (100 and 200), which is indicating a potential reversal to happen, but when it is hard to know,. As of now, we might see some further smaller growth here, but in total, we are looking for a re-test to happen in that supportive zone, which will be the next major zone to determine further movement. Swallow Team
Short
by SwallowAcademy
BNB/USDT 4h ChartI invite you to review BNB in a four-hour interval. As can be seen at the beginning, the price is again approaching the upper limit of the ongoing upward trend channel, which may limit the upward movement. In this situation, we will deploy the trend based fib extension tool, thanks to which we can mark a very strong resistance zone from $402 to $411, which is the upper border of the channel, which again may be a big limitation for further growth, but if the price positively overcomes the resistance zone, further we can see a rapid increase to around $438. Looking the other way, we can similarly identify support areas where the price could potentially end its recovery. And here we should take into account a small zone from $385 to $380, and then we can see how the price may return to the level of $369. When we look at the RSI indicator, we can see that there is still room for growth, while the STOCH indicator again exceeds the upper limit, which previously resulted in the suspension of growth and recovery.
by cryptodailyuk
2
BNB NEW UPDATE (4H)This analysis is an update of the analysis that you can see at the bottom of this page, in the related analysis section In the previous analysis, we specified an invalidation level of 2.8% for BNB from the supply range and announced that if this level is touched, the analysis will be violated. The invalidation level was touched and the previous analysis was violated. In the previous analysis for BNB, we imagined a diametric correction for wave B, but the correction was a triangle. BNB has completed a wave A and a wave B. It is now expected to have an upward wave C while maintaining the green swap range.
Long
by behdark
5
BNBUSDT - Price can continue to grow to $400 in rising channelHi guys, this is my overview for BNBUSDT, feel free to check it and write your feedback in comments👊 Recently price entered to rising channel, where it some time traded near support level, which coincided with support area. One time, price fell to support area, but soon turned around and made upward impulse higher than resistance line of channel. After this, BNB in a short time declined to support line of channel, making fake breakout and then bouncing up to $366 level. Soon, BNB broke this level, which coincided with support area, and rose to resistance line, but recently fell back. Also, price bounced up and now it continues to grow in channel, that's why I think that BNB can little correct and then rise to $400 If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
1
JUST IN: Judge fines #Binance $4.3 billion in US plea $BNB**Breaking News**: In a **stunning blow** to the cryptocurrency giant, **Binance**, a U.S. judge has **slammed down a record-breaking $4.3 billion fine**. The verdict comes after Binance **pleaded guilty** to **serious violations** of anti-money laundering regulations and sanctions protocols. 🚫💰 The once-prominent exchange, known for its global reach and massive trading volumes, now faces a **financial tsunami** that could **ripple through the crypto market**. The judge's ruling sends a clear message: **no one is above the law**, not even the behemoth of digital currencies. As the news reverberates across the financial world, Binance's CEO, Changpeng Zhao, is reportedly **reeling from the blow**. The company's reputation, once untouchable, now lies in tatters. Investors are **dumping their holdings**, fearing further repercussions. The crypto community, once fervently loyal, is now **questioning its allegiance**. The $4.3 billion fine is a **crippling blow**. It's not just a monetary penalty; it's a **symbolic gut punch**. Binance's empire, built on the promise of decentralization and financial freedom, now stands on shaky ground. The judge's gavel has shattered that illusion, leaving behind a trail of uncertainty and doubt. And what about the millions of users who trusted Binance with their hard-earned funds? They're left wondering: **Is this the end of an era?** Will Binance survive this unprecedented setback? Or will it become a cautionary tale for the crypto industry? As the dust settles, one thing is certain: the crypto landscape will never be the same. The **mighty have fallen**, and the echoes of this judgment will resonate for years to come. Brace yourselves, fellow investors, for the storm is here, and it's named **regulation**. 🌪️📉 Sources: 1. (www.msn.com) 2. (variety.com) 3. (www.cnbctv18.com) 4. (www.techtimes.com) Sursă: conversație cu Bing, 24.02.2024 (1) Judge Approves Binance’s $4.3 Billion Settlement For Anti-Money ... - MSN. www.msn.com (2) Binance, world's largest crypto exchange, to pay $4.3 billion fine as .... bing.com (3) Binance to Pay $4.3B to Settle Money-Laundering Charges, CEO Resigns. variety.com (4) Binance to pay record $4.3 billion fine for breaking US anti-money .... www.cnbctv18.com (5) Binance to Pay $4.3B for Sanctions, As US Judge Approved Plea Deal. www.techtimes.com
Short
by TheTraderrr
1
BNB/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this BNB/USDT update from Crypto Sanders. Chart Analysis:- Hello friends, what do you think after seeing the chart? Please comment on the BNB WEEKLY update. Surprisingly, Binance Coin is the best performer on our list after increasing its price by 6% this week and hitting a new yearly high. The bias is bullish, but current market sentiment may temper expectations of higher price levels. For this rally to continue, buyers need to push BNB above 377 and claim this level as key support. This will open the door to higher prices due to which this cryptocurrency can break above 400. Binance Coin could make new highs if buyers remain determined. Failure to sustain above 377 could lead to price correction towards 330 or 300. I have tried to bring the best possible results in this chart. If you like it, hit the like button and share your charts in the comments section. Thank you.
Long
by CryptoSanders9563
1