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BNBUSDT trade ideas

4 Negative Changes Affecting BNBThe success of many projects depends on talented leaders. After Changpeng Zhao (CZ) left the post of CEO of Binance, the financial results of Binance started to deteriorate. Demand for the Binance Smart Chain (BSC) has also decreased. BNB is used for BSC transactions. Recently, Changpeng Zhao said that he does not want to return to the post of CEO of Binance. Bitwise Asset Management has filed an application with the US Securities and Exchange Commission (SEC) to launch the "Bitwise 10 Crypto Index ETF," an exchange-traded fund that aggregates ten cryptocurrencies. Bitcoin (BTC) Ethereum (ETH) Ripple (XRP) Solana (SOL) Cardano (ADA) Avalanche (AVAX) Chainlink (LINK) Polkadot (DOT) Bitcoin Cash (BCH) Uniswap (UNI) It should be noted that BNB is not on this list. Bitwise Asset Management did not include BNB, considering it unsuitable. In early November, BNB was ranked 4th in market capitalization, but since then, it has been overtaken by XRP and Solana. According to analysts at Santiment, BNB's volatility has been declining recently. This suggests that the stagnation preventing this cryptocurrency from experiencing significant price fluctuations is likely to continue in the near future. Under such conditions, it will be difficult for Binance Coin's price to rise above $600. Santiment is an analytics platform that offers data and tools for analyzing cryptocurrency markets. It focuses on providing in-depth analysis based on blockchain activity, social media trends, and market metrics. Technical Analysis The 'Rising Wedge' pattern suggests a price drop to $518. Summary BNB may disappoint its holders. However, opening a short position at this point may be too risky. It is currently a bull market, especially in the long term. Many people expect the start of an altcoin season, which could raise the price of BNB. However, BNB's price in this bull market is expected to rise less significantly compared to other altcoins.
by robofi
9
TradeCityPro | BNB : Approaching Key Resistance Levels👋 Welcome to TradeCityPro! In this analysis, we will examine the price action of BNB, the native token of Binance, the largest cryptocurrency exchange in the world. ⏳ Weekly Timeframe: Testing All-Time High Resistance On the weekly chart, BNB has been consolidating in a range between $492 and $660 after a strong bullish leg from the $210 support level to its ATH. Currently, the price is near the top of this range, and the increased trading volume at this level suggests a high likelihood of breaking through the $660 resistance. ✨ A breakout above the 62.26 level on the RSI would make this resistance easier to overcome. If the price successfully breaks above $660, the next targets based on Fibonacci extensions are $1043 and $1644. These levels are highly plausible if the RSI enters the Overbought Zone. 🔽 In case of a pullback, the first support level is the bottom of the box at $492, followed by deeper support at $348. As long as the price remains above $348, the overall trend remains bullish. A break below the 50 RSI level, however, could indicate a loss of bullish momentum. 📅 Daily Timeframe: Parabolic Uptrend On the daily chart, the price is in a parabolic uptrend, originating from the $469.65 support level. The price has tested this trendline four times and is currently facing resistance at $660.72. Beneath the price, strong support exists at $606.70, where the market has been consolidating for several days. 🔼 If $660 is broken, the first resistance to watch is at $711, which will serve as the initial target for the upward movement. 📉 In the bearish scenario, if the parabolic trendline and the $606.70 support are broken, the first support level to monitor is $538, followed by deeper support at $469, the bottom of the weekly range. Currently, bullish volume exceeds bearish volume, suggesting a higher probability of breaking through $660 unless significant selling pressure enters the market. 📝 Final Thoughts This analysis reflects our opinions and is not financial advice. Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
Long
by tradecitypro
19
Is there any hope for investors in BNB? In the higher time frames (daily, weekly and monthly), if we look closely, the price is suffering in a range that is constantly getting narrower. Of course, in recent weeks (due to the strong upward wave that has existed in the entire market), the tendency of these sufferings has been upward and in general, it can be said that the buyer has acted stronger than the seller. If we look closely at the 4-hour timeframe, the price range is clearly defined in the past 24 days. Of course, it is slightly inclined upwards. In general, in terms of probabilities, a strong breakout to the upside (the price can stabilize above $680) can increase the likelihood of a significant growth. But the significant point that cannot be ignored is why, in a market where all high-potential cryptocurrencies are growing and have broken new resistances, this cryptocurrency has not been able to reject its main resistance so far?? The growth of this cryptocurrency so far (in the upward trend) is not really interesting compared to its good competitors. We can say that this cryptocurrency has been the loser in the upward competition between high-potential currencies so far. This worries me about the future of this symbol. Conclusion If I were to make a complete and actionable conclusion, I think that if the price breaks and stabilizes above the drawn area, we can expect a minimum growth of this symbol to the $900-$1000 area. However, based on the fundamental studies I have done and the analysis that exists in the crypto community regarding the foundation and future of this symbol, I do not think it is an ideal symbol for long-term holding and I think there are much better options to choose from.
by Aidin_Jabarpoor
3
long BNBmany people are busy with btc and eth specailly this cycle bnb has bout run eth already. and ethbtc pair going up there is huge potential for bnb to pump another 300% this cycle. we now clearly above the resistance and market looks sloppy but ca not even close below resitance for single day. higher higher low on daily monthly closing above resitance is coming. higher chance bnb flip eth with cz coming back from jail and and elon is bff with cz as he invested money when elon bought the twitter and donaly is bff with elon. time will tell this is just the story and technical linig up with interest rate coming down.
Long
by abinashkhattri
BNB AT MONTHLY RESISTACE!! BREAKOUT COULD BE MASSIVE!!Technical Analysis: #Binance (monthly update): BNB looks too bullish in monthly time frame. Everything explains in chart above. 🥰If you find this helpful and want more FREE forecasts in Tradingview😍. Please show your support back🙏, Hit the 👍 LIKE button, Drop some feedback below in the comment✍️! ❤️🤝 Your Support is very much 🙏 appreciated!❤️🤝 💎 Want me to help you become a better Crypto trader? Now, It's your turn! Be sure to leave a comment; let me know how you see this opportunity and forecast. Trade well, 💪 #BNBCOIN #CRYPTO #BULLISHRUN #BINANACE #ALTCOIN #UPTREND
Long
by Bitking786
Binance Coin BNB Skyrexio Overview: Bull Market Is Almost OverHello, Skyrexians! BINANCE:BNBUSDT is one of the strongest crypto assets on this bull run. Stronger even than Solana! It has printed the ATH with the Bitcoin while most of the crypto set the new bear market bottom. This early growth has the consequences, while most of crypto has just started their way to big gains, Binance Coin has the very restricted potential for further growth. Let's take a look at the weekly time frame. Bull market has started suddenly with two green dots on Bullish/Bearish Reversal Bar Indicator which were very strong long signals. As always, alerts from this indicator are automatically replicated on my accounts. You can find the information in our article on TradingView. After that we have seen the impulsive wave to the upside. Almost at the top indicator has printed red dot, first bearish sign of weakness. But don't worry, according to Elliott Waves theory this is just wave 3 top. After that we have seen the wave 4 correction to 0.61 Fibonacci retracement exactly! Now BNB is printing wave 5 which has the target area between $725 and $900. There we expect another red dot to make a decision that bull market is likely over. Best regards, Skyrexio Team ___________________________________________________________ Please, boost this article and subscribe our page if you like analysis!
by Skyrexio
5
BNB thesis with RAG AI by Titan_KarmaBased on the current market conditions for BNB, the analysis indicates a favorable environment for entering a LONG position. The bullish sentiment is supported by strong trading volume and positive technical indicators, including an RSI above 60 and a favorable long-short ratio. The recent news surrounding Binance's legal challenges should be monitored closely, as it could impact market perception and BNB's price. Given the absence of open positions, this is an opportune moment to consider entering a LONG position, particularly if the price remains above key support levels. ##TRADE RECOMMENDATION { "OUTCOME": "OPEN_LONG", "STOP_LOSS": "$643.51", "TAKE_PROFIT": "$661.66", "CONFIDENCE_LEVEL": "80%", "EXIT_POINT": "$661.66", "ENTRY_CRITERIA": { "TIMEFRAME": "1h", "RSI": "above 60", "MACD": "above 0, 1h", "ATR": "0.000298, 1h"
Long
by titankarma
BNB/USDT CHART ANALIYSIS !!The BNB/USDT daily chart indicates a potential bullish breakout scenario, as the price consolidates within a symmetrical triangle. The price is approaching the top of the triangle, indicating a potential breakout soon. The current support zone lies around $600, which is aligned with the lower trendline of the triangle. The immediate resistance lies at $645, which is near the upper boundary of the triangle. A breakout above $645 could target the higher levels of $700-$750. BNB is trading above the cloud, which indicates bullish momentum. The cloud acts as a dynamic support around $580-$600. Strong support exists at $600, reinforced by the horizontal zone and the lower triangle boundary. A breakdown below $580 could invalidate the bullish setup, with potential support lying at $540. An upward breakout could see BNB target $780 and beyond. A downward move could revisit the $540-$550 range. Watch out for a confirmed breakout above $645 for a long position. Watch out for a breakout below $580, which could turn the momentum bearish. Disclaimer: This analysis is for informational purposes and is not financial advice. Always stay updated with market movements and adjust your trading strategies as needed. You can DM us for information on any other coin. @Peter_CSAdmin
Long
by CryptoSanders9563