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BNB / TETHER Standard Futures

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BNBUSDT.PS trade ideas

BNB - potentially getting out of the triangleA nice setup is currently being created on BNB. The upside exit from the triangle I marked should give a strong upward impulse. Entering riskier positions at the bottom of the triangle trend line with a fate stop below the last lows (worth the risk) or safely after a retest of exiting the triangle at the top. In both cases we are targeting the same TP of 1.618 measuring the fibo of the last correction: TP - around $730 The negation of this analysis would be the formation of a lower low on the H4 time frame.
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by cryptodailyuk
BNB: Potential Bull Pennant Breakout!Hey everyone! If you enjoy this content, please consider giving it a thumbs up and following for more analysis. BNB recently completed a formation resembling a bull pennant pattern on the daily timeframe. The price has broken out of this pattern and is currently retesting the breakout zone. If it holds this retest level, it could signal further bullish momentum for BNB. Buy some now and add more in the dip. Entry range:- $560-$600 Targets:- $712/$834/$986/$1194 SL:- Daily close below $530 Let's Discuss! What are your thoughts on BNB's current price action? Do you see a bullish pattern? Share your analysis in the comments below!
Long
by CoreCrypto1
BNB: Sideways ChannelTrade setup : Price remains in an Uptrend, however, it’s consolidating in a Sideways Channel ($500 - $620). Price has been very strong lately relative to the market. Most altcoins are off their March highs by 30-50% and this one keeps pushing against the $620 resistance...seems it`s just a matter of days before it pierces through and marches higher. Swing traders : can enter near channel support of $500 and exit near horizontal resistance of $600 for a +20% gain. Stop Loss (SL) level at $470. Trend traders : wait for a breakout. Pattern : Price is trading in a Sideways Channel , which is a neutral pattern (indication of market indecision). Trend Traders ought to wait for a breakout in either direction, although typically it breaks in the direction of the existing trend. Swing Traders can trade the range? Buy near Support and Sell near Resistance. Learn to trade Sideways Channel in Lesson 6. Trend : Short-term trend is Strong Up, Medium-term trend is Up and Long-term trend is Strong Up. Momentum is Bullish (MACD Line crossed above MACD Signal Line). Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70). Support and Resistance : Nearest Support Zone is $500.00, then $400.00. Nearest Resistance Zone is $670.00.
Long
by altFINS
Why BNB will Break Above $4,000: A Technical Analysis BNB, the native token of the Binance blockchain ecosystem, has been exhibiting remarkable strength and resilience amidst the recent market downturn. While the overall cryptocurrency market has experienced significant volatility, BNB has held its ground and demonstrated a strong potential for continued growth. This article delves into the technical and fundamental factors that support BNB's bullish outlook and suggest its price could surpass $4,000 in the coming months. Technical Analysis: Daily Timeframe: BNB has consistently formed bullish triangles on the daily timeframe, breaking out of each pattern with upward momentum. The most recent breakout propelled BNB from $300 to $600, marking a remarkable 100% gain. This pattern suggests that BNB is poised for another significant upward move. Weekly Timeframe: Currently, BNB is trading within a horizontal accumulation pattern on the weekly timeframe, a consolidation phase that has lasted for over 1,000 days. However, within this larger consolidation, BNB has established a tighter trading range, creating a spring-like effect. This pattern suggests that a breakout from the horizontal range and a surge towards $5,000 could be imminent. Monthly Timeframe: On the monthly timeframe, BNB has never exhibited bearish sentiment, consistently trading within an ascending channel. This uptrend has been further reinforced by a recent retest of the lower channel boundary, demonstrating strong support and a continuation of the uptrend. Fundamental Factors: Binance Ecosystem Growth: The Binance ecosystem has experienced tremendous growth in recent years, expanding its services, user base, and transaction volume. This growth has directly benefited BNB, increasing its utility and demand. BNB Burning Mechanism: Binance regularly burns significant amounts of BNB through its buyback and burn program. This mechanism reduces the circulating supply of BNB, creating scarcity and driving up its price. Staking Rewards: BNB holders can earn attractive staking rewards by locking up their tokens and participating in various validation nodes. These rewards further enhance the token's value and incentivize long-term holding. Inflation Resistance: Unlike fiat currencies, BNB's supply is capped, making it inherently resistant to inflation. This characteristic positions BNB as a hedge against inflation and a store of value. Conclusion: BNB's technical analysis and fundamental factors paint a compelling picture of a token poised for significant growth. The consistent bullish patterns, strong ecosystem growth, token burning mechanism, staking rewards, and inflation resistance all contribute to BNB's bullish outlook. While market conditions can always change, the weight of evidence suggests that BNB has the potential to break above $4,000 and continue its upward trajectory.
Long
by Yaroslav_Krasko
BNB coin is just getting started!! BULLISH!!BNB value will not drop below 200$ anymore, don't get your hopes up if you are waiting for it. The news has been bad but BNB coin has the green light!!!!. I noticed that the news turned the volume down, but the wave theory is fine. CZ is an interesting and smart character to me and I don't condemn his actions. Do what you want, the main thing is not to get caught, but this time it was different with him. The fact that the investigation proved his wrongdoing and that he stepped down as CEO makes sense for the future of Binance. Generally BULLISH. The analysis is very likely considering BITCOIN, on the MD channel you can find BTC analysis which I update often, I have been successful with it. My personal home crypto exchange is Binance. MoralDisciple
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by MoralDisciple
2
Is BNB getting ready for something big?This little breakout right here has spiced up the BNB chart. It has raised curiosity about how the price will unfold in the coming days. If this breakout is legitimate, then buckle up for a good rally. The previous ATH could be possible. Key points: ~ Support level of $597 to $609. ~ A bounce back is essential from the current resistance trendline to see a higher rally. ~ Targeting the $650 resistance and then the ATH of $691. ~ Invalidation point: A breakdown below $597. ~ Lower support: $565. Do your own research before investing. Regards, Team Dexter
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by Dexter_The_Trader
2
Binance Coin (BNB): The consolidation of a powerful asset.The BINANCE:BNBUSDT , one of the largest crypto capitalizations, has unquestionably been an extremely strong asset since the start of the year. We can see that it is currently consolidating in a symmetrical top triangle, a chartist figure favorable to the continuation of an uptrend. The Magic Bands (PMB) had given a very good sell signal at $630, and we can see that the cloud has remained green despite its correction. A green cloud means an uptrend, so everything seems to be going well for this asset, which has been in this trend for almost 200 days, with a very nice buy at under $230! Note also that, despite its rise and strength, BNB is no longer in a period of distribution or attention according to Supreme Vision (BSV) .
Long
by Blockunity