BNB Bullish FlagBNB moving inside the bullish flag.
Will enter Long only after breakout .
Or short on pullback 🤑
BNBUSDT.PS trade ideas
🔄💱The 5 Benefits Of Crypto: Binance coin vs Bitcoin 🔗Binance Coin (BNB) and Bitcoin (BTC) are both cryptocurrencies, but they serve different purposes within the broader crypto ecosystem.
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seems like bnb getting ready to test 400$ trend is up and strong so far also healthy corrections consolidation completed looks ready another leg higher
text book bullish pennant breakout has already confirmed with massive volume expecting strong bullish rally towards 400$ in next couple of days
BNBUSDT POSSIBLE LONG!BINANCE:BNBUSDT.P
in 1D TF its in uptrend ,4H liquidity has been taken and shifted market to the upside.possible long scenario.
ENTRY : 297.27
TP : 317.00
SL : 288.42
BNB Technical Analysis• The primary trend for BNB is bullish. Following its encounter with resistance, it has initiated a corrective wave.
• Presently, a correction is apparent, taking the shape of a descending channel.
• It is anticipated that the price will continue to oscillate within the upper and lower bounds of this channel.
• Should reversal patterns emerge, the main bullish trend is expected to resume. Conversely, if the lower support zone is breached downwards, the Binance Coin trend will shift to bearish.
(All analyses will be updated)
This analysis is informational, not financial advice.
Analysis of BNB/USDT: A Promising Bullish Flag Formation
Today, I'd like to bring your attention to the Binance Coin (BNB) against the US Dollar (USDT) pair, as it presents an intriguing opportunity.
Technical Analysis:
Currently, BNB/USDT is exhibiting a classic bullish flag pattern on the daily timeframe. The price action has been consolidating within a well-defined channel, forming a flagpole followed by a narrowing flag. This pattern often suggests a temporary pause in the prevailing uptrend before a potential continuation.
Key Levels and Entry Point:
As of the latest analysis, the price is hovering in the range of $304 to $307. This range acts as a potential entry point for a long (buy) position. Traders could consider initiating their positions within this range, anticipating a breakout to the upside.
Targets:
The price targets for this potential upward move are identified as follows:
$310
$320
$330
$340
These levels represent potential resistance zones that could act as profit-taking targets. It's essential to monitor the price action and adjust the strategy based on the market's evolving conditions.
Risk Management:
While the bullish setup is promising, it's crucial to implement sound risk management strategies. Consider placing stop-loss orders below key support levels to mitigate potential losses in case the market takes an unexpected turn.
Conclusion:
In conclusion, the BNB/USDT pair is currently displaying a compelling bullish flag formation on the daily timeframe. Traders may find favorable entry opportunities within the $304 to $307 range, targeting potential resistance levels at $310, $320, $330, and $340. Keep a vigilant eye on the price action, implement risk management measures, and adjust the strategy as the market unfolds.
Best of luck with your trades!
BNB ready to jump to 400$BNB ready to jump to 400$.
It is respecting the support line for multiple weeks.
BNB: Pullback in UptrendTrade setup : Following a bullish break above $300 key level, price reached as high as $338 but got very overbought (RSI > 80). Now it’s pulled back to $300 support, retesting that breakout level, which could be an attractive swing trade entry in Uptrend, with upside potential to $350. Stop Loss (SL) level at $285 (10% downside risk versus 20% upside potential for a 1:2 Risk-Reward Ratio).
Trend : Uptrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Mixed as MACD Line is below MACD Signal Line (Bearish) but RSI ~ 50 (Neutral).
Support and Resistance : Nearest Support Zone is $300 (previous resistance), then $260. The nearest Resistance Zone is $350.
BNBI don't know how long it could consolidate, but the pattern does look familiar, very similar to BTC when it was forming a bottom around 15k
it could be interesting to keep an eye on it
educational purpose only NFA
BNB : WAITING PRICE RETEST Hello Traders,
📈 My technical analysis
- On weekly chart, you can see that a strong support, price had got a bump above 3 EMA
- On daily chart, we can see clearly about a swing higher high, it showed that an uptrend.
So, I think BNB will up more next time.
🎯In my trading opinion:
I recomend that we can wait a retest at 240-260 price zone to buy and hold
📚 Remember that: Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
Our Indicators Called to sell btc, ada, eth, bnb over 24 hrs agoClearly over 24 hours ago on 4 charts our indicators pinged sell and warned you clearly that the market was exhausted
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Make your money back in a few trades! Or save the money By not Longing when the markets about to Bleed!
BREAK OUTThis is my eidia
manage your risk
set st and tp
if candle have a shadoow this eadia is promated
BNB/USDT 1DIntervalBNB/USDT on a one-day time frame. We will start by identifying a downtrend line from which we can see how the price has gone up and is currently struggling to stay above this level.
Moreover, at this point we can see the formation of the Cap and Handle formation, which is characterized by a first large and a second smaller low, after which an upward price break can be observed. Moreover, the recent declines were caused by the bombardment of the media with negative information about the Binanc exchange, which lowered the valuation of the BNB token.
Going further, when we unfold the fib retracement grid, we will see that the price has been rejected by a very strong resistance zone from $319 to $351, but if we return to it and the price goes up, the path towards the next significant resistance around $443 will open.
Looking the other way, we will define the places of support in a similar way. And here we can see the first support at the level of $286, then we can determine the second support at the level of $253.7, which could potentially fill the formation. However, if the formation is broken, we still have a very strong support zone from $231 to $202.
Please look at the RSI indicator, which shows a rebound towards the upward trend line, while the STOCH indicator shows a strong downward movement, which resulted in a small price movement on the chart, but there is still room to deepen the correction.
BNBBNB is currently forming a symmetrical triangle pattern & BTC dominance is also at support zone try to find some shorts in altcoins with low lev.
BNB BNB has bounce back from 290 (major support) & 300 support area successfully, It can reach its
1st target at 335 & 2nd target at 350 soon. BUT on one condition.
I have already published an idea on it ,Check that out & make sure to follow me.
✴️ Binance Coin Correction Imminent28-December we have a very strong bearish candle: Long upper wick, small real body closing red near the session low.
The entire up-move is an inverted correction; upwards ABC.
We cannot count 5-waves up here, which means that this pair was weaker than most.
The strong negative candle 28-Dec. is followed by multiple bearish close.
The 1st January 2024 (Happy New Year) starts full red...
Unless a miracle happens (Bitcoin Spot ETF launch?) this is going lower... And the SEC will delay everything again until they put CZ in prison.
We don't know how far down it will go... Hope for the best, prepare for the worst.
Namaste.
Binance Coin can reach resistance line of channel and start fallHello traders, I want share with you my opinion about Binance Coin. Observing the chart, we can see that the price not long time ago made a strong upward impulse to 336 points, thereby breaking 326 and 297 levels. After this, BNB started to decline inside the downward channel, where it at once, after a strong impulse up, made a correction movement to the support line from the resistance line of channel, thereby breaking the resistance level, which coincided with the seller zone. Also, in the channel, the price made a fake breakout of the resistance line, after which it made an impulse down and continued to decline in the channel. Later, BNB rose to the resistance level again, and even tried to break it, but failed and in a short time declined to the support level, which coincided with the buyer zone. Near this level, BNB two times declined to the buyer zone, even declined lower this zone, and at the second try price turnaround and made a strong impulse up to the resistance line of the channel, which continues close at the moment. So, I think Binance Coin can reach this line and then start to decline to the support level. For this case, I set my target at the 305 points, which coincides near with the support level. Please share this idea with your friends and click Boost 🚀
🌟🔍 Binance Coin (BNB) Post-Pump Analysis and Strategies 📈🛑
🔺 BNB's Current Consolidation: After a significant pump from the entry point of $250, BNB is now in a resting phase. The next upward movement could potentially commence from around $350.
📊 Weekly RSI Approaching Overbought: The Relative Strength Index (RSI) in the weekly timeframe is nearing overbought territory, suggesting a possible rally towards $350.
🔐 Personal Holding Strategy: I am continuing to hold my previous BNB purchases and not moving my stop loss. I believe our entry point is strong, and in the event of a downturn, I plan to hold through for a potential bull run.
📈 Futures Trading Strategy: For futures, a long position can be considered after surpassing $324, but a large stop loss might not be advisable.
💼 Holding Without Profit Booking: I am not planning to book profits on my holdings as of now.
🚨 Market Caution: The overall market is at a point where a correction is likely, so it’s important to trade with proper capital management and definitely set stop losses.
🔑 Related Categories:
Binance Coin (BNB) Post-Pump Behavior
RSI Analysis
Holding and Trading Strategies
How are you adjusting your strategies in response to BNB's recent movements and the overall market situation? Are you holding, trading, or reassessing your positions? Share your approach! 💬🌐 #BNBStrategy #CryptoTrading #TradeCityPro
📚 Remember: Cryptocurrency markets are volatile. Always ensure to manage your investments wisely and stay informed about market trends! 🧠💼
BNBBNB is currently above the hourly resistance.
We can take long at retest around 310 to 308 zone.
1st target would be at 335 and 2nd at 350.
Stoploss around 303 to 302.
Lev :- 1.5X to 2X
BNBUSD Retesting Head and Shoulders for a Bullish Move 🔥BNB to Retest Head and Shoulders, Setting the Stage for Bullish Momentum
BNBUSD_4HWeep symbol analysis of the cryptocurrency market in the short and medium term
The market can continue to climb by completing the correction
The main support in the long term is 290.0
And in the medium term, the important number is 310.0, and only by crossing this number and maintaining the support of this number, it is possible to continue climbing towards the number 350.0.
The validity of this analysis is 310.0.
