BNB/USDT Weekly Chart Analysis.This chart BNB/USDT pair on the weekly timeframe with a clear inverted head and shoulders pattern
The left shoulder, head, and right shoulder structure is evident.
BNB successfully broke the neckline resistance (shaded area around $600-620).
The price surged after the breakout, reaching highs of ~$800 before cooling off slightly at $726.93.
The neckline could now act as strong support (~$600-620) if the price pulls back.
A successful retest would confirm further bullish momentum.
The black moving average line acted as dynamic support during the uptrend.
If BNB stays above the neckline and consolidates, potential upside targets include:
$800 (previous resistance area).
psychological levels of $900 and $1,000.
As long as BNB stays above the neckline, it will remain in an uptrend.
If the price bounces back, the neckline support area ($600–$620) is crucial for further upside.
A continuation of this breakout could lead to higher levels.
Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Always conduct your research and consult a financial advisor before making investment decisions.
For updates on other coins or personalized insights, feel free to reach out via DM.
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BNBUSDT trade ideas
BNB/USDT Analysis: Key Price Action Strategies for Big ProfitsBINANCE:BNBUSDT @Alexgoldhunter Technical Analysis Using Price Action Techniques
Key Levels and Zones
Support and Resistance Levels:
Strong High/Swing High: Around 730.00 USDT
p1D High: Around 722.00 USDT
Swing Low: Around 705.00 USDT
p1D Low: Around 703.00 USDT
Strong Low: Around 705.00 USDT
0.618 Level: Around 698.00 USDT
0.786 Level: Around 712.00 USDT
Volume Profile:
High volume nodes indicate significant trading activity at various price levels:
27.12K, 138.47K, 86.58K, 114.14K, 291.23K, 391.65K, 297.53K, 196.76K, 210.52K, 118.38K, 86.74K, 60.13K, 97.87K, and 107.57K.
Fair Value Gap (FVG):
An FVG is marked around the 717.00 USDT level.
Indicators
Relative Strength Index (RSI):
Current RSI is around 52.69, indicating a neutral market condition.
Lower RSI level is around 47.46.
Moving Average Convergence Divergence (MACD):
MACD line: 0.51
Signal line: 0.13
Price Action Observations
Equal Highs:
Around the 722.00 USDT level, indicating potential resistance.
Market Structure Shift (MSS):
MSS annotations indicate potential changes in market direction.
Buy Strategy
Entry Point:
Consider buying near the support levels, particularly around the 705.00 USDT (Swing Low) and 703.00 USDT (p1D Low) levels.
Look for bullish candlestick patterns or confirmation from the RSI (e.g., RSI crossing above 50) and MACD (e.g., MACD line crossing above the signal line).
Target Levels:
Initial target: 717.00 USDT (FVG).
Further targets: 722.00 USDT (p1D High) and 730.00 USDT (Strong High/Swing High).
Stop Loss:
Place a stop loss below the 703.00 USDT level to manage risk.
Sell Strategy
Entry Point:
Consider selling near the resistance levels, particularly around the 722.00 USDT (p1D High) and 730.00 USDT (Strong High/Swing High) levels.
Look for bearish candlestick patterns or confirmation from the RSI (e.g., RSI crossing below 50) and MACD (e.g., MACD line crossing below the signal line).
Target Levels:
Initial target: 717.00 USDT (FVG).
Further targets: 712.00 USDT (0.786 Level) and 705.00 USDT (Swing Low).
Stop Loss:
Place a stop loss above the 730.00 USDT level to manage risk.
This analysis provides a structured approach to trading BNB/USDT using price action techniques, focusing on key support and resistance levels, volume profile, and technical indicators. Happy trading! 📈📉
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BNB/USDT Price Prediction - 1WTrend Prediction - BNB/USDT Forecasting
Resistance and Support Lines
In the weekly time frame, an Cup and Handle pattern is visible on the chart. It will take some time for it to fully develop. It seems that a large uptrend is on the way. Caution is advisable.
Are big events on the way????!!!!!
**** Yousef Sharafi ****
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BNB Near $719: Breakout to $820 or Drop to $630?Binance Coin (BNB) is currently consolidating at the top of the range zone, near the $719.63 resistance level, setting the stage for a decisive move. As long as price is trading below this level, the momentum will be slow.
A successful breakout above $719.63 would confirm bullish sentiment, paving the way for a potential rally toward the next resistance level at $771.67. Such a move would signify strengthening momentum, encouraging further buyer participation (Solid Green Projection).
Conversely, if the price fails to clear $719.63 and faces rejection, a pullback to $682.62 would be the first critical test for support. However, this is the slow zone for BNB.
Losing $682.62 may signal a shift in control toward sellers, opening the door for a decline toward $630.57 (Red Projection).
BNBUSDT: Key Support Levels with Breakout PotentialThe blue line and blue box highlighted on the chart may serve as strong support levels for BNBUSDT. While BNB has been relatively quiet and lagging behind the broader market, its time for movement may be approaching soon.
These supports provide potential opportunities for strategic entries. Monitor closely for a reaction or breakout signal, and always apply proper risk management.
This levels are on LTF.
I keep my charts clean and simple because I believe clarity leads to better decisions.
My approach is built on years of experience and a solid track record. I don’t claim to know it all, but I’m confident in my ability to spot high-probability setups.
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BNBUSDT: Trend in weekly timeframePlease pay special attention to the accurate trend, and colored levels.
You should noted, that the level of 922 is very very ... very important, if touched and if its broken upwards, this analysis is failed.
The chart is very sensitive and you should be very careful with your capital.
Be careful
BEST
MT
BNB Cup-n-Handle Breakout ComingBNB has been forming Higher Lows on Daily Chart and still undergoing a week long accumulation, within the Handle of this cup.
Support level for this cup is 601-612 , that's where major accumulation is ongoing.
Confluences with Monthly Vwap as well.
On breakout, BNB will join the club with BTC and SOL that brokeout this month already.
I am expecting a larger rally towards targets 900-1100 , making a move of 60-120% from current price.
Disclaimer - Use your own analysis and do not rely on this trade idea alone.
Use risk management while engaging trades.
Bullish Bounceback for BNB
On daily charts, BNB hit a supply Zone and had been reacting to come towards the New Bullish Swing range.
As of now reacting on 50% retracement zone && the POC of Fixed Range VP.
Overall the bias is bullish as price has been crossing above the Weak Swing highs , while creating Stronger Lows, so we can look for buys in 50% equilibrium with Point of interests.
Going into 4hour, shows that last week's demand zones have been liquidated and price came down to test FVG.
1st scenario is we mitigate this demand zone.
2nd scenario is we go further down below in 70% discounted zone to mitigate the original Demand zone that created this Swing. It also has a Daily FVG sitting above it. Chances of this are less as this would create a deep pullback, not in line with the strong uptrend of BNB.
for Long entries wait for Demand Zone to be in effect in 4hour timeframe.
Disclaimer - Always apply your own confluences and use risk management for safe trading.
BNB Long Setup / Use at least 2x-3x leverageBINANCE:BNBUSDT
CRYPTO:BNBUSD
📈Which side you pick?
Bull or Bear
Low-risk status: 3x-4x Leverage
Mid-risk status: 5x-8x Leverage
(For beginners, I suggest low risk status)
👾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 655-680
⚡️TP:
714
754
🔴SL:
617
🧐The Alternate scenario:
If the price stabilizes against the direction of the position, below or above the trigger zone, the setup will be canceled.
HUGE CUP AND HANDLE ON BNB?Could we be seeing a huge cup and habdle about to break resistances for a big payout? This pattern has been forming since 2022 and is about to break the resistances, one more impulse from the market and a rise in volume could take it to $1.400 - $1.500 USD. Lets wait and see.
BNB → Big accumulation. In step with the distributionBINANCE:BNBUSDT is trying to move into the realization phase after quite a long accumulation, thanks to which the coin can give a very good growth
The coin tested the strong support of 645 within the correction. False break of the support and quite aggressive buyout of the fall indicates buying potential. Bitcoin, which is testing the highs and ready to go even higher is a good driver for BNB
Accordingly, the focus is on near-term levels. If the price can break the near-term resistance and consolidate above, the market will further go to break ATH and try to renew it.
Resistance levels: 761, 793
Support levels: 691, 645
I don't exclude that the unexpected correction of bitcoin can provoke a correction in the cryptocurrency market, but in general the structure is bullish. High probability of resistance breakdown with the purpose of continuation of movement
Regards R. Linda!
BNB / USDT : approaching key resistance, Let's seeBNB/USDT is approaching a key resistance level. The price has been consolidating recently, setting the stage for a potential breakout. If the price successfully breaks above this resistance, it could trigger a significant bullish move.
Key Points:
* Trendline Resistance: BNB/USDT is nearing a critical resistance level that has previously halted upward momentum.
* Volume Surge: A significant increase in trading volume during the breakout would confirm strong buying interest.
* Momentum Indicators: Positive trends in momentum indicators like RSI and MACD suggest bullish potential.
Confirming the Breakout:
* Clear Candle Close: A decisive 4-hour or daily candle close above the trendline is crucial.
* Volume Spike: A surge in trading volume during the breakout indicates strong buying pressure.
* Retest of Resistance: A retest of the broken resistance level as support strengthens the bullish case.
Risk Management:
* Stop-Loss Orders: Implement stop-loss orders to limit potential losses.
* Position Sizing: Adjust position size to align with your risk tolerance and overall trading strategy.
Disclaimer: This analysis is for educational purposes only and should not be considered financial advice. Always conduct thorough research before making investment decisions.
BNB: BREAKING OUT AND TESTING WEEKLY RESISTANCEBinance Coin BNB/USDT is exhibiting 2 interesting patterns at the moment on weekly timeframe
1. A Breakout and re-test of the weekly resistance (since ATH in May 21 to ATH in Jun 24).
2. Although not a perfect cup and handle pattern, yet if considered one, it shows a thrilling target @ $1000 (which is achievable in upcoming bull run)
Best of Luck!!
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 is breaking out of an inverse head and shoulders patternI'm not a fan of figures, but here I couldn't help but develop both the cup and handle and the inverted head-and-shoulders figure, and the W reversal. You can choose how to interpret these patterns yourself. For me it becomes obvious that BNB will overcome the price of $1000. I would base on Fibonacci levels and expect a price of $1300. The worst target I would consider is $900 (very unlikely). RSI has been unloaded and we are preparing for further growth!