BNB CUP & HANDLE PATTERN BULLISHSnap shot of Cup & Handle Pattern on BNB Bullish Possible targets $300by eminovaden223
$BNB performing bullish descending triangle in 1week ** CRYPTOCAP:BNB performing bullish descending triangle in 1week ** Trading a bullish descending triangle involves identifying a specific chart pattern and implementing a strategy based on the expected price movement. The descending triangle is a continuation pattern that usually forms in an uptrend and suggests a potential continuation of the bullish trend. Here are the steps you can follow: 1. **Identify the Bullish Descending Triangle:** - Look for a strong uptrend in the price of an asset. - Identify a descending triangle pattern, which is formed by a horizontal support line and a descending trendline connecting lower highs. 2. **Confirmation of the Pattern:** - Ensure that the price has touched the support line at least twice and the descending trendline has been established with lower highs. 3. **Entry Point:** - Consider entering a long (buy) position when the price breaks above the descending trendline. This breakout is a signal that bullish momentum may continue. 4. **Volume Confirmation:** - Confirm the breakout with an increase in trading volume. Higher volume during the breakout can indicate stronger market participation and validate the bullish move. 5. **Stop-Loss Placement:** - Place a stop-loss order below the support line. This level is crucial, as a break below it could signal a potential trend reversal. 6. **Take Profit Target:** - Set a profit target based on the height of the triangle. Measure the distance from the highest point of the triangle to the support line and project that distance upward from the breakout point. This provides a potential target for the bullish move. 7. **Risk Management:** - Manage your risk by adhering to proper risk-reward ratios. This involves ensuring that the potential profit is greater than the potential loss. 8. **Monitoring the Trade:** - Keep a close eye on the trade as it progresses. If the price moves in the anticipated direction, consider adjusting your stop-loss to lock in profits or trailing it along with the ascending support line. Remember that trading always involves risks, and it's crucial to use risk management strategies, such as setting stop-loss orders and not risking more than a small percentage of your trading capital on a single trade. Additionally, technical analysis should be complemented with other forms of analysis, such as fundamental analysis and market sentiment, for a more comprehensive view of the market.Longby Crypto-Adda_OfficialUpdated 2213
BNB Bullish ☀️ Ahead - Going Upwards! BTC ☀️, ETH 🌧️A bullish sun ☀️ will shine over Bitcoin, Ripple’s XRP, Binance Coin, and Avalanche in the next 24 hours, while bearish clouds will sweep over Ether and Cardano. ☁️ These mixed trading signals will continue to prevail in the next seven days, with Bitcoin set to continue rising, and Ether facing downside pressure. 🌧️ Follow us for more crypto weather reports!by ATTMO113
BNB: Approaching ResistanceTrade setup : Trends are mixed. Following a bullish breakout from Sideways Channel, price reached our target of $260, where it got rejected in Nov and July. Swing Traders: Pullbacks near $220 support area could be an attractive swing trade entry, with upside back to $260 near-term. That $220 level was previously a resistance area, which was broken and turned into support area (concept known as polarity). Trend Traders: If price breaks above $260 resistance zone, it could revisit $300 next. 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 $220 (previous resistance), then $200. The nearest Resistance Zone is $260, then $300.Longby altFINS116
BNBUSDT - After strong impulse up, price can start correctionHi guys, this is my overview for BNBUSDT, feel free to check it and write your feedback in comments👊 Some days ago price bounced from mirror line and in a short time it rose to resistance level, thereby breaking $228 level. Next, price corrected to this line and even declined below, but soon it made upward impulse higher than $255 But soon, BNB around down and fell back to support level, breaking resistance level and mirror line. After this, price entered to rising channel, where it some time traded near support level and then rose back to resistance level. Recently BNB was little corrected and after this, price made strong upward impulse higher than resistance level, exiting from channel too. I think Binance Coin, after strong impulse, can start to decline to $255 support level. If this post is useful to you, you can support me with like/boost and advice in comments❤️Shortby WalterMoon227
BNBUSDTtrade idea on bnbusdt, taking entry after price takes out inducement targeting the previous swing high for take profit and the swing low of the structure below the inducement for stolossLongby Rising33BUpdated 2220
BNB growth after launchpool announcementI invite you to discuss the BNB chart on a four-hour interval. As we can see, the price has broken our yellow downtrend line with dynamic upward movements that are associated with the newly announced Lanchpool on the Binance exchange. Due to the sudden increases after unfolding the trend based fib extension grid, we see that the price is fighting a strong resistance at $261, only when the price overcomes it will the path towards the next resistance at $279 open. Looking the other way, we have visible support at the level of $252, then there is a visible support zone from $242 to $236, while a break from the bottom may result in a drop to the support level at $220. When we turn on the EMA Cross 50 and 200 indicator, we will see confirmation of the return to the upward trend. On the RSI indicator, we have approached the upper limit, which reduces the room for growth, while on the STOCH indicator, we are moving above the upper limit, which may result in a rebound in the coming hours.by cryptodailyuk4
BNB shows potential for a 60% moveHey everyone, After a relatively long time of having no activity here, I've resumed sharing my ideas here. There's potential for an upward move in #BNB if it successfully breaches and maintains its position above the white line. I've already opened a #long position. Let's observe its progress. Cheers! Mr. CryptotrackerLongby Mrcryptotracker7
🌟🔍 Binance Coin (BNB) and Its Market Influence 📈💡 🔑 Critical Resistance at $255.7: The resistance level of $255.7 for BNB is crucial for the entire crypto market. A breakout and consolidation above this level could signify restored confidence in Binance and potentially help the market move past the FUD surrounding its former CEO, CZ. 📈 Futures Trading on Breakout: If BNB breaks this level, it could be a signal to open a long position in futures. However, tailor your stop-loss size according to your personal strategy. 🛒 Buying and Holding Strategy: As indicated on the chart, a safe stop-loss for buying and holding BNB would be below $205. 🌊 BNB's Market Impact: BNB's movement could be pivotal in triggering another bullish wave across the broader market, so it's advisable to keep an eye on other cryptocurrencies as well. 🔑 Related Categories: Binance Coin (BNB) Analysis Market Impact and Confidence Entry and Exit Strategies 📣 How do you view BNB's potential impact on the wider crypto market? Are you considering any positions in BNB or other cryptocurrencies? Share your plans and thoughts! 💬🌐 #BNBMarketImpact #CryptoInvestment #TradeCityPro 📚 Remember: Cryptocurrency trading involves risks. It's crucial to stay informed and approach trading with a clear strategy and risk management plan! 🧠💼 Longby tradecitypro55249
BNB UnleashedDon’t Miss Out! Binance Coin (BNB) Leads Crypto Market Charge with Technical Breakout Fueling Potential Surge Binance Coin (BNB) Price Analysis: Navigating the Path to Surge Towards $300 In the ever-evolving landscape of the cryptocurrency market, Binance Coin (BNB) stands out as a beacon of potential, with its current trajectory indicating a probable climb of up to 20% towards the coveted $300 mark. This analysis delves into the nuanced factors driving BNB’s recent surge, the strategic levels to watch, and the overall market sentiment that could influence its journey. Binance Coin Price Overview: Catalysts and Momentum Binance Coin has emerged as a standout performer in the recent crypto market dynamics, particularly as Bitcoin reaches $42,599 and Ethereum soars to $2,204. Amidst this bullish backdrop, BNB has exhibited notable gains, currently resting at $254. The market’s growing optimism, fueled by the anticipation of BTC spot exchange-traded funds (ETFs) approval in January, has become a driving force behind the surge in various cryptocurrencies. However, the crypto space remains on edge due to the lingering uncertainty surrounding potential pre-approval sell-offs or rallies. In this context, Binance Coin appears to be charting a course of least resistance, paving the way for potential upward movements. BNB’s Path to $300: Technical Analysis As we dissect the technical aspects of Binance Coin’s recent performance, it becomes evident that the coin is in the early stages of a compelling rally with a target set at $300. Key indicators underscore the positive trajectory: Exponential Moving Averages (EMAs): BNB has maintained its position above crucial levels, as indicated by three applied MAs. The 50-day Exponential Moving Average (EMA) in blue, currently at $237, serves as foundational support. Additionally, the confluence support created by the 21-day EMA (in green) and the 200-day EMA (in white) adds further strength to BNB’s position. Trendline Breakout A pivotal moment in BNB’s recent journey was the breakout from the descending trendline resistance. This breakout, coupled with a spring from the horizontal ray support backed by the 50-day EMA, accentuates the bullish theory surrounding Binance Coin. Yellow Resistance Breakthrough The next breakout, anticipated above the yellow band on the chart, could be a game-changer. A successful retest of this yellow resistance may pave the way for BNB to surge towards the $300 milestone. Market Sentiment and Considerations With BNB’s trajectory pointing towards potential gains, traders need to exercise strategic considerations. As the coin makes strides towards the $300 target before 2024, cautious optimism is advised. Traders should be vigilant, considering potential obstacles at $260 and $280, which might pose challenges during the ascent. In conclusion, Binance Coin’s ascent in the crypto market reflects not only its individual strength but also the broader positive sentiment prevailing in the space. The journey towards a climb to $300 holds promise, and strategic awareness of key levels will be instrumental for traders looking to capitalize on BNB’s upward momentum. As BNB continues its climb, the crypto community watches with anticipation to see if it can conquer the challenges and emerge triumphant in the ongoing crypto rally.Longby TheCryptoCity5
BNB tunnels 2023/24I've been trading this for some time, think it's valid for the next months. Long live rock'n'rollLongby rockmetaller4
BNBUSDT.P MoneyMakerI made this custom bot for long term passive trading income. Backtested with impressive results. Enjoy for FREE!by MikeCZE0
HelenP. I After breaking resistance level, BNB can continue riseHi folks today I'm prepared for you Binance Coin analytics. Some days ago price rebounded from the trend line and made a strong impulse down to support 2, which coincided with the support zone, thereby breaking support 1. After this, the price rebounded from support 2 and tried to rise, but failed and fell to the support zone, where soon it rebounded back. Next, BNB some time traded near this level, and later price rebounded from support 2 and made a strong upward impulse to support 1, which coincided with the resistance zone, thereby breaking the trend line. After this movement, BNB broke this level but soon made an impulse down to the trend line. Then it was around up and in a short time backed up. At the moment Binance Coin trades in the resistance zone and I expect that price can correct one more time to support level and then continue to rise. For this case, I set my target at the 261 level. If you like my analytics you may support me with your like/comment ❤️Longby FirstNameHelen2214
BNBUSDTBNBUSDT is in strong bullish trend. As the market is consistently printing new HHs and HLs. currently the market is retracing a bit after last HH, which is very healthy retracement level and local support as well. if the market successfully sustain this bullish confluence the next leg high could go for new HH. What you guys think of this idea?by JustTradeSignals5
Bnb daily time frame review and analysisAccording to the type of price structure and candle signs and the creation of a reverse setup with pattern caps and a very high volume of liquidity in the dynamic trend area, it is an attractive opportunity to buy a spot with two low-risk and high-risk stop areas, even with profit levels higher than determined. We can have it in the pictureby Citex_technical9
Global Crypto Market Looks 🐻ish; ☁️ & 📉 for BTC & Most Alts Rain 🌧️ and bearish clouds ☁️ linger over the global crypto market in the next hours and week, indicating downside risks ahead. Bitcoin is slightly bearish, too, with the possibility of some sun ☀️ and a small rebound in 3 days. However, further downside is anticipated in a week. 📉 Only Binance Coin and Dogecoin are likely to see some sun ☀️ later this week, signaling some upside potential over a one-week horizon. 📈 Follow us for more crypto weather reports!by ATTMO2
BNB Short Squeeze incoming ?Funding is turbo-negative with a beautiful -0.05 on Binance, -0.06 on Bybit etc. We are a few weeks of the usual quarter BNB Burn. I'm taking the bet that the spot price will slowly grind up driving perp and this will lead to a short squeeze of those guys shorting. Of course I can be wrong so. Longed X3 255$. Stop at 249$ Target between 290$ and 310$. ---------------------------------------------------------------------------------------------------- Goal : 2 000 000$ from 2 000$ Wallet last update : 2605$ Wallet today : 2800$ ----------------------------------------------------------------------------------------------------Longby Speculate0930Updated 3
BNB: Approaching ResistanceTrade setup : Trends are mixed. Following a bullish breakout from Sideways Channel , price reached our target of $260, where it got rejected again, just as it did in Nov and July. Swing Traders: Pullbacks near $220 support area could be an attractive swing trade entry, with upside back to $260 near-term. That $220 level was previously a resistance area, which was broken and turned into support area (concept known as polarity) . Trend Traders: If price breaks above $260 resistance zone, it could revisit $300 next. Trend : Uptrend across all time horizons (Short- Medium- and Long-Term). Momentum is Mixed as MACD Line is above MACD Signal Line (Bullish) but RSI ~ 50 (Neutral). MACD Histogram bars are declining, which suggests that momentum is weakening. Support and Resistance : Nearest Support Zone is $220 (previous resistance), then $200. The nearest Resistance Zone is $260, then $300.Longby altFINS5
#Binance $BNB Trading IdeaIt seems that CRYPTOCAP:BNB #Binance wants to back into the game. Facing a massive weekly resistance zone also formed an inverse head & shoulder pattern.Longby planfomo8
BNBUSDT SHORTBNBUSDT SHORT: brake the last uptrend line and touches the last trend line . you can risk 1% . set Sell Stop and Take profit. ratio: 1 : 1.5Shortby aminrichman1
BNB/USDT SHORTCould be, short bnb usdt, close stop loss, pretty good profit compared. 5x leverage, small amount, remember to take profit and move slop loss up to break even or ride the ride if you believe it could drop moreShortby Enjoylifee221
BNBUSDTProbably this time, BNB currency will have a bad effect on the crypto market Probably, in the next few days or weeks, there will be negative news from the Binance exchange Points of purchase 40 dollars 35 dollarsby mohammadtreder19820