$BNB 's Bart Head PatternA very nice chart of #bnb #binance coin for the tutorial of Bart Head Pattern aiming orange box. Crushing 700 #usd is invalidation. Not financial advice.
BNBUSDT.P trade ideas
1 000 $ BNB - EXPECTED PRICE DISCOVERY SOONDear traders, let me share this BNB coin analysis with you.
BNB coin is one of the strongest cryptocurrencies in the world and is currently looking very good from a fundamental and analytical perspective.
Binance has been successful in attracting new traders on its platform for a long time and this has also resulted in this cryptocurrency holding very high despite the fall of Bitcoin.
In the next few months, I expect it to attack $800 and then $1,000 as an important psychological level.
The $500-$520 area remains critical to sustaining the upward movement, but given the laddering progress of bnb and the creation of pressure on the interior level, I do not expect a fall into this area.
Good luck.
BTC/USDT 4HInterval Chart ReviewHello everyone, let's look at the 4H BNB to USDT chart, as we can see the price has been moving in a sideways trend channel for a long time and currently we can see the price moving near the upper border of the channel, which is staying just above the local uptrend line.
Let's start by setting goals for the near future that we can include:
T1 = $594 - $611
T2 = $635
AND
T3 = $662
Now let's move on to the stop loss in case of further market declines:
SL1 = $570
SL2 = $542
SL3 = $519
AND
SL4 = $492
When we look at the RSI indicator and the STOCH indicator, we will see that there is still room for a continuation of the current downward movement.
BNBUSDT → Buyer interest. Coin rises in a falling market BINANCE:BNBUSDT looks more confident on the D1 chart than the whole market and even more confident than bitcoin, which continues to lose ground, testing 64K. If BNB breaks resistance, it could provide good momentum.
After a strong rally, the price stops and forms a sideways range for two months. Local preconditions are forming for the coin to be ready to go up. These preconditions are mainly based on the fundamental background related to the activity of Binance management. An ascending triangle is forming on H4, which indicates strength and clear buying interest.
Resistance levels: 619.7
Support levels: MA200 & MA-50, 588.0
The trigger to the beginning of the momentum and active distribution may be the break of resistance 619-620. Intermediate target is 700.
Regards R. Linda!
BNB Price up to 642$if we looking on trenline BNB is uptrend and it will continue to 642$
==========================================================
$BNB BINANCE COIN TO $1000Binance coin in a flag
BNB BUY SIGNAL
BUY ENTRY - $604
SL - $480
CRYPTOCAP:BTC CRYPTOCAP:BNB
Sell BNBWeakness in the rise and needs further correction, the first support of 588 and the bottom of the channel will probably react positively
HelenP. I BNB can break resistance level and continue to growHi folks today I'm prepared for you Binance Coin analytics. Some time ago price made a little movement down and then turned around and made a strong impulse up to 645 points, breaking the resistance level, which coincided with the resistance zone. But later BNB turned around and in a short time declined to the support area, which coincided with the support level, breaking the 612 level one more time. Then BNB rebounded from the support zone and rose to the resistance zone, but when it entered to this area, the price at once rebounded and made a correction movement. After this Binance Coin in a short time rose back to the resistance area and then made a strong impulse down to the trend line, which is located below the support zone. After this movement, BNB started to rise between the trend line and soon reached the resistance level again, breaking the 524 support level again. At the moment, the price continues to trades near this resistance level and I expect that BNB will break the resistance level, make retest, and continue to move up near the trend line, therefore I set my target at the 645 level. If you like my analytics you may support me with your like/comment ❤️
Is a price correction imminent?📊 Due to the decrease in the upward momentum of the price movement, if the $600 range is broken and the price stabilizes below it, the price may fall to the $588 🎯range, and in the case of the strength of the $570 range🎯🎯.
📊 Otherwise, the price may drop to $630.
#BNBUSDT_H4we see the formation of a downward pattern In the BNB chart which is considered a correction in the high time frame.
Recalculations are required if the daily candle closes above $646.
BNBUSDT-SidewaysThis chart shows a double top which indicates that a reversal pattern will start but based on RSI it seems to be not consistent move and a sideways pattern will appear. So here I apply support and resistance patterns for a precise entry price.
BNBUSDT.4HIn the 4-hour chart for Binance Coin (BNB/USDT), BNB is trading within a range, with price action fluctuating between support and resistance levels. The resistance (R1) at $652.6 represents the upper boundary of the range, while the support (S1) at $496.1 acts as the lower boundary. There's an additional support level (S2) at $349.9, marked by earlier price interactions.
The current price is at $606.1. The RSI is at a neutral 58.56, suggesting that there's room for movement in either direction without being in the overbought or oversold territory. The MACD is hovering around the signal line, indicating a balance between buyers and sellers with no clear momentum.
For traders, watching for a breakout above R1 could provide a bullish signal, while a break below S1 might suggest bearish momentum. The strategy could involve entering trades following a bounce from S1 or a breakout above R1, with appropriate risk management measures such as stop-loss orders. Confirmation from trading volume would strengthen the signal for entry.
Lingrid | BNBUSDT long from the KEY SupportThe price perfectly fulfilled my last idea. BINANCE:BNBUSDT moved higher and closed above the key level at 600. However, the market has started moving sideways following a break-through. It is forming the compression channel, which might be a trend continuation pattern. It is heading toward the top of the range zone on the daily timeframe. If you look at the weekly timeframe, the market formed a long-tailed bar. I think the market will be squeezed before the extension, reaching resistance. My goal is a resistance zone at 625
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
BNB is going to do a bullish movement pretty soonBINANCE:BNBUSDT
BNB has created a bullish pennant pattern which means It's about to do a bullish movement which is great for bulls. The break out has not happened yet. When it happens the price shall increase as much as the pennant's pole. Note that there are 2 resistances along the way. One sits around 630$ and the other is around 670$( big resistance which should give difficult time to bulls)
BNB Bulls Charge: Price Attempts Breakout After Clearing Key ResThe Binance Coin (BNB) price is attempting a fresh rally, buoyed by a surge that surpassed the crucial $550 resistance zone. This positive momentum has ignited optimism among investors, with analysts suggesting a potential extension towards $630 and beyond.
Breaking Through Resistance: A Bullish Signal
BNB's recent price action hints at a bullish resurgence. After encountering resistance around $550, the price successfully breached this level, indicating a shift in market sentiment. This breakout signifies increased buying pressure and suggests that investors are regaining confidence in BNB's future prospects.
Technical Indicators Point Towards Further Gains
Several technical indicators support the bullish narrative for BNB. The price is currently trading comfortably above the 100 simple moving average (SMA) on the 4-hour chart. The SMA acts as a line of support, and staying above it indicates a potential uptrend.
Furthermore, a key bullish trend line has emerged on the 4-hour chart, with support established at $592. This trend line reinforces the bullish bias and suggests that dips towards this level might be met with renewed buying pressure.
Crucial Resistance Awaits: $608-$610 Zone
For the bulls to maintain control, BNB must decisively overcome the next hurdle: the resistance zone between $608 and $610. A successful breach of this level would significantly bolster the bullish momentum and pave the way for a potential test of the $630 mark.
Overcoming Hurdles: Factors Influencing BNB's Price
While the technical outlook appears promising, several factors could influence BNB's price trajectory in the coming days. The overall performance of the broader cryptocurrency market, particularly Bitcoin (BTC), will likely play a significant role. If BTC experiences a significant correction, it could trigger a pullback in BNB's price as well.
Additionally, positive news or developments surrounding the Binance ecosystem could provide BNB with an additional boost. Upcoming product launches, partnerships, or regulatory clarity could all contribute to increased investor interest and drive the price upwards.
BNB's Utility: A Long-Term Strength
Beyond the current price action, BNB's inherent utility within the Binance ecosystem remains a significant long-term strength. As Binance continues to expand its offerings and user base, the demand for BNB – which fuels transactions and unlocks various benefits on the platform – is likely to grow as well. This intrinsic utility provides a fundamental layer of support for BNB's price, even amidst broader market fluctuations.
Conclusion: A Cautiously Optimistic Outlook
The current price action suggests that BNB is poised for a potential breakout. The successful clearing of the $550 resistance zone, coupled with favorable technical indicators, paints a bullish picture. However, overcoming the upcoming resistance levels and navigating the external market forces will be crucial for BNB to sustain its upward trajectory.
Investors should remain cautiously optimistic and closely monitor both technical and fundamental developments to make informed decisions. While the short-term outlook appears promising, a long-term investment strategy focused on BNB's utility within the Binance ecosystem might prove more rewarding.
