Great opportunity to buy #BNB#BNB
Buy Market Price
⬇️SLPA: 588.10
Stop Lose Price Activation
⬇️SLP: 588.09
Stop Loss Price
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BNBUSDT trade ideas
BNBUSDT todayBNBUSDT is currently trading around $561.56, and it remains within a descending channel, showing clear bearish sentiment. However, a short-term rebound may be on the horizon as the price has reached a key support zone around $550, which could trigger a temporary upward movement.
The chart indicates a potential bounce towards the resistance area around $578.63. If this level holds, it would provide a good opportunity for sellers to re-enter, possibly driving the price back down toward the channel's lower boundary.
BNB bearish ideaafter multiple attempts to break the last high bnb has made a lower low and it's going to correct at least till the main trend line
bulish chart bnb in futherthis chart in time month 88% after the area support then the pattern cup silimiler than the pass 88% growth...bnb
BNBUSD_Binance_Buyhello
Binance symbol analysis of cryptocurrency market
The market has entered a strong upward trend due to the pattern of the bottom and due to the break of the resistance line.
Main support 573.00
Target 833.00
The percentage of price growth is 33%.
BNB SWING LONG IDEA - ALTCOIN SEASON - BNB CHAINBNB is one of the most stable coins in the crypto market. With Binance officially backing it, BNB is relatively safer compared to other altcoins.
Technical Analysis: The price hit and wicked into the monthly demand zone during the August 5th dump, showing a strong rejection and initiating an upward trend. This move established a weekly demand zone by breaking the weekly structure, and as it did so, it created a daily demand zone, which is a significant area for me.
Currently, the price is back into the daily demand and has reached the optimal trade entry zone according to the Fibonacci levels. I anticipate an upward movement from here in the coming days.
Targets: The initial target is $613-$619, with potential to reach the all-time high at $722.
Note: Watch out for the U.S. Presidential Election, as it may cause volatility with long wicks that could stop out positions.
BNB Price Eyes Major Rally as Binance OI Hits Record $8.3 BlnBinance Coin ( CRYPTOCAP:BNB ) is in the spotlight as Binance's open interest in crypto derivatives surges to an all-time high, hinting at a significant rally for the native exchange token. With open interest reaching $8.3 billion, the crypto world is abuzz with speculation over whether CRYPTOCAP:BNB will capitalize on this momentum and break through key resistance levels. Here's an in-depth look at the technical and fundamental elements driving BNB's market action.
Binance Dominates Crypto Derivatives Market
The latest on-chain data from CryptoQuant reveals a remarkable milestone for Binance, as the exchange's open interest in crypto derivatives surged by 10.24% in just 24 hours, hitting a record $8.3 billion. This figure not only highlights the exchange's growing influence but also underscores Binance's 35% share of the global open interest in crypto futures, solidifying its dominance in the market.
This uptick comes at a time of heightened market activity, following Bitcoin's historic rise to $74,000 after Donald Trump’s U.S. presidential election win. The ripple effect of Bitcoin’s upward momentum has impacted the entire crypto market, with liquidations of short positions amounting to over $370 million. Total liquidations reached approximately $580 million, underscoring the bullish sentiment that has fueled trading interest across various exchanges.
Binance’s open interest dominance is a crucial indicator of market sentiment, signaling that the exchange continues to play a pivotal role in shaping broader crypto market trends. The increased interest in Binance's derivatives platform could drive higher trading volumes and, consequently, more significant price action for BNB.
BNB Price Prediction
From a technical standpoint, CRYPTOCAP:BNB appears well-positioned for further gains. The token has experienced a 2.6% price increase over the past 24 hours, climbing to $583. Trading volume also surged by an impressive 46.55%, totaling $2.26 billion, while BNB’s market cap rose to $84.12 billion. The combination of increased trading activity and a favorable technical setup points to a potential bullish continuation.
Key chart patterns are bolstering the optimistic outlook for BNB. Analysts have identified a cup and handle formation, a classic technical indicator that often signals a bullish breakout. If CRYPTOCAP:BNB successfully breaks out of this pattern, it could aim for the resistance level at $700—a crucial price point that, if surpassed, may open the door for even higher targets.
Additionally, CRYPTOCAP:BNB recently broke out of a falling wedge pattern that lasted over five days, further reinforcing the bullish narrative. The token has rebounded from this consolidation phase and is showing signs of strength. As of now, CRYPTOCAP:BNB is trading up 4.11% and has established a bullish continuation pattern. The Relative Strength Index (RSI) stands at 55, indicating that CRYPTOCAP:BNB is neither overbought nor oversold, leaving ample room for upward movement.
Resistance and Support Levels to Watch
For traders and investors, key resistance and support levels will be crucial in determining BNB’s next moves. The first significant resistance sits around $613, the one-month high that CRYPTOCAP:BNB previously touched. Breaking this level could pave the way for a push toward the $700 resistance. On the downside, traders should keep an eye on the $550 support level, which, if breached, could signal a temporary pullback.
Broader Market Sentiment
BNB’s price action is not happening in isolation. The broader market sentiment, driven by Bitcoin's historic highs, has also played a role in shaping expectations for $BNB. The recent surge in Bitcoin led to a wave of short liquidations, wiping out over $370 million across exchanges. This liquidation cascade contributed to a more bullish environment, benefiting altcoins like $BNB.
Moreover, the aggregated open interest across all major futures exchanges has hit $23.3 billion, reflecting the strong market enthusiasm. This level of activity suggests that traders are positioning themselves for significant price moves, adding to the anticipation surrounding BNB’s potential breakout.
Conclusion
BNB's price outlook is undeniably bullish, backed by strong fundamental indicators and promising technical patterns. Binance's record-breaking open interest underscores the exchange's market influence, while the cup and handle and falling wedge breakouts point to further upward momentum. With Bitcoin’s rally and overall market optimism supporting BNB’s rise, the native token is poised to test higher resistance levels.
As CRYPTOCAP:BNB eyes a potential breakout to $700, market participants should remain vigilant, watching both the support at $550 and the key resistance levels. Whether CRYPTOCAP:BNB can sustain this momentum and continue its ascent will depend on how the broader market dynamics unfold, but for now, the sentiment remains overwhelmingly positive.
BNB holders, get ready—this rally could be just getting started!
BNB: H&S, Not Just a Shampoo!
The price action on BNBUSDT shows a well-defined Inverse Head and Shoulders (H&S) pattern, with the neckline situated at the critical 600 level. This serves as the immediate resistance zone that needs to be breached to confirm a bullish continuation. Should the price manage to break and sustain above this neckline, the first target aligns with the 720 resistance, while the extended H&S projection hints at a potential rally toward 900.
Currently, BNB is trading above the EMA ribbon, which remains bullish. The ribbon acts as dynamic support, reinforcing the positive sentiment. A failure to hold this level, however, might result in prolonged consolidation. Adding to the bullish narrative, the market has been printing higher lows, signaling underlying strength and a likely breakout in the near future.
Key Takeaways:
Immediate resistance at 600; a breakout sets sights on 720, followed by 900.
The EMA ribbon must hold to sustain bullish momentum.
Higher lows increase the probability of an upside breakout.
👨🏻💻💭 How high do you think BNB can climb? Drop your predictions in the comments below!
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BNB ATH#BNB Analysis
Finally,
It brokeout the 5 month long resistance in one single green candle and reached $638.
Next target is ATH ($721.80).
Binance Coin(BNB): Break of Trend + Rejection From ResistanceBinance Coin has been rejected from the major resistance zone, which again resulted in the break of the bullish trend. Now that we had a successful re-test, price seems to fall and can fall further to lower zones here!
More in-depth info is in the video—enjoy!
Swallow Team
BNB - upside trendElliot analysis - 5 - 3 - 3 - 3 progressive wave wait for us, the upcoming election could also bullish the trend
BNB/SDTPLEASE TRADE AT YOUR OWN RISK reason 15 min ob respect with 4 hour zone and for upper lqd zone tare at your own risk
BNB: Potential Bearish Direction AheadBNB: Potential Bearish Direction Ahead
BNB has completed another bearish channel and appears poised to move down again. A stronger confirmation will occur if the price drops below $580.
If this happens, we may see the bearish momentum grow further. Considering the combination of patterns, if the price moves below $580, BNB could drop to $559 and $538 as normal support levels. As an extended movement, it could even reach $500.
However, let's take it one step at a time and see if it begins to move down first.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
BNBUSDT.1DAs I analyze the BNB/USDT daily chart, I observe several critical levels and patterns that could guide the upcoming price action. BNB is currently trading at approximately 614.31, approaching a significant resistance zone. I’ve identified resistance levels at R1 (619.29) and R2 (around 700), which could act as barriers if bullish momentum weakens. Conversely, support levels lie at S1 (around 570) and S2 (527.41), providing potential areas where buying interest may re-emerge if BNB retraces.
The price has been forming a series of higher lows, respecting an ascending trendline that aligns with S1, suggesting ongoing bullish momentum. However, the pattern also indicates a potential rising wedge formation, often associated with bearish reversals. If BNB fails to break above R1 and moves downward, the trendline near S1 could be a critical level to watch for support.
The MACD (12, 26) indicator is currently showing a bullish signal, with the MACD line positioned above the signal line, indicating upward momentum. Additionally, the positive histogram bars suggest growing buying pressure. However, I’ll monitor this closely, as any sign of weakening could point to a potential correction.
In conclusion, my outlook for BNB/USDT remains cautiously optimistic, with a focus on R1. A breakout above this level could propel BNB toward R2, signaling further bullish continuation. Conversely, failure to surpass R1 might result in a retracement towards S1 or even S2. I’ll remain observant, prepared to adjust my analysis based on the price action around these key levels.
Binance Coin At Resistance, Medium-Risk 5X SHORT—246% Potential Binance Coin is in the same situation as Bitcoin but the chart reveals more strongly the potential for a new drop, a lower low.
Binance Coin (BNBUSDT) clearly peaked with the June 2024 fake breakout and we know that after the peak and correction comes.
The 5-August drop wasn't a real down-wave but more of a strong shakeout move. The strong recovery afterward didn't allow for the market to settle, indicating that additional bearish action is coming.
Below the full trade-numbers:
➢ SHORT BNBUSDT
Leverage: 5X
Entry levels:
1) $620
2) $590
Targets:
1) $575
2) $555
3) $525
4) $490
5) $465
6) $415
7) $385
8) $303
Stop-loss:
Adjust to your own risk tolerance
Potential profits: 246%
Capital allocation: 3%
___
Leveraged trading is for adults.
Adults are responsible for their actions.
If you win money, the money is yours.
If you lose money, the loss is yours.
I am wishing you success.
I belief, based on timing and the duration of the consolidation phase, that this is a high probability trade.
Thank you for reading.
Namaste.
Binance Coin Long Setup Setting / Next Alt-Season BasketBINANCE:BNBUSDT
OKX:BNBUSDT
📈Which side you pick?
Bull or Bear
SL1 ---> Low-risk status: 3x-4x Leverage
SL2 ---> Mid-risk status: 5x-8x Leverage
(If there is just one SL on the chart, I suggest, low risk status)
Considering the price trend in its previous channel, by repeating the stabilization of the price at the bottom of the second parallel channel, it can be expected that the price will continue to move up to the top of the new channel.
The price breaking above the specified level can increase the certainty of the realization of the price target.
The price falling below the red level cancels the bullish scenario of Binance Coin.
Potential price targets for the levels will be $950 and $1,447.
👾Note: The setup is active but expect the uncertain phase as well. also movement lines drawn to predict future price reactions are relative and approximate.
➡️Entry Area:
Yellow zone
⚡️TP:
950
1447
2340
3515
🔴SL:
252
🧐The Alternate scenario:
If the price stabilize against the direction of the position, below or above the trigger zone, the setup will be canceled.
BNB trade set up ideaWeekly time frame analysis
BINANCE:BNBUSDT was one of the best performers of the last bull run.
BNB retained its value relatively well ("only" -70% from ATH) during the bear market and formed a clear support zone around the 200$ mark from which it seems to currently be bouncing back to initiate the next impulse.
The Bollinger bands are very contracted and flat, announcing a strong potential move.
Daily time frame
After a steep decline in June 2023, BNB is constructing a reversal Head and Shoulders pattern on a strong multi-year support zone. Volumes confirm the psychological construct of this trend reversal pattern.
Strategy
Buying on a daily close above 235$
Objective 1: Head and Shoulders neckline at 261$ (+12%)
Objective 2: Top of the range at 336$ (+45%)
Objective 3: ATH at 665$ (+190%)
Invalidation
Mental Stop: below the shoulder at 220$
If prices retrace to this level we will wait for the daily closing price then set a Stop loss ¼ or Risk below the daily close price.
Risk = Distance between Mental stop and entry point.
BNBUSDTmy entry on this trade idea is taken from a point of interest BELOW an inducement.. I extended my stoploss area to cover for the whole swing as price can target the liquidity there before going as i anticipate.. just a trade idea, not financial advise
BNBUSDT: Trend in daily timeframePlease pay special attention to the accurate trend, and colored levels.
The chart is very sensitive and you should be very careful with your capital.
Be careful
BEST
MT
BNBUSDT: Potential Downside Direction Ahead !In today's trading session, BNBUSDT is facing clear bearish pressure after breaking the important support zone around $573. The EMA 34 and EMA 89 show that the downtrend is strengthening, and the price has now continued to fall to the $560 area, below the important moving averages, marking a weak signal in the short term.
It is expected that BNBUSDT may continue to correct to the next support levels at $548 and $534 if the selling pressure does not decrease. Moreover, if there is no support signal from positive news or strong price action bounce from the support zone, BNB is likely to fall deeper in the coming period.
BNB BNBUSDT.P poiting down
Hello again, dear degens of intraday trading.
BNB on the 30-minute chart is starting to lose ground. The intraday high is acting as support, but who knows how long it can withstand the increasing selling pressure—just look at the volume on the selling side. The 200 MA could also act as support, but we’ll have to wait and see.
Stay safe and keep an open mind because nothing is certain in crypto trading. Feel free to comment!
Can BNB reach around $1000 ?...The BNB is in a ascending triangle now which means the price will increase and also It is expected that the price would at least grow as good as the measured price movement(AB=CD)
Note: we should wait for the breaking of the triangle and than make a move!
See my first anaysis on BNB in 2020
✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us.
Best regards CobraVanguard.💚
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✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Lingrid | BNBUSDT in CONSOLIDATION phaseBINANCE:BNBUSDT is currently consolidating below the psychological level and has formed a double top, indicating a potential pullback to the support level. If we zoom out, we can see that the price action is creating an ascending triangle pattern making higher lows. I expect the market to continue consolidating between the 570 and 600 levels before a breakout the resistance zone. A bounce off the channel border and trendline, which is at the bottom of the range zone, could signal a rejection; if we see such a signal, it might indicate a continuation of the upward trend. My goal is resistance zone around 600
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
