Short trade Sun 7th July 24
9.30am
LND Session to NY - AM
Entry 30min TF
RR 45.31
Entry 503.90
Profit level 486.23 (3.51%)
Stop level 504.29 (0.08%)
BNBUSDT trade ideas
#BNBUSDT Falls By 20% To Hug The 200 MAThe BINANCE:BNBUSDT pair experienced a fall in price from $580 to $455 between July 3 and July 5, a 20% decrease in price following the Mt. Gox releasing $9 billion worth of BTC resulting in over $100M of leveraged positions getting liquidated.
The bears pushed the price into the oversold territory which is the reason for the price rebound to $530. If the 200 MA that is currently holding the price up cracked, the bears can push the price back to $455 and from there to $396 and $340.
But this depends heavily on the overall crypto market's performance, if the market conditions improved and the price stayed above the 200 MA the next resistance would be $590, $622, $637, $670 and $720.
Long trade 2min TF entry
15min TF Overview
Buyside 5.54am LND Session
RR 2.9
Entry 510.19
Profit level 515.26 (0.99%)
Stop level 508.44 (0.34%)
Target liquidity high - buyside sweep
Points - 1 to 5
Inverse head and shoulder pattern
BNB/USDT BNB key support and resistance levels, keep an eye on these low and buy on support and sell at resistance level.
BNBUSDT.1DAnalyzing the BNB/USDT daily chart, I observe key aspects that delineate the current technical posture and potential future movements of the asset.
Technical Analysis Observations:
Support and Resistance Levels (S1, S2, R1, R2):
Support Level 1 (S1) at $359.5 acts as the immediate floor for the price. This level previously functioned as a strong support, suggesting a potential area where buyers might re-enter.
Support Level 2 (S2) at $202.0 represents a significant historical support level and a crucial psychological barrier.
Resistance Level 1 (R1) at $521.2 and Resistance Level 2 (R2) at $644.8 serve as key thresholds that the price must surpass to confirm any bullish momentum.
Trend Indicators:
The green trend line, ascending from the left lower corner, has been acting as a dynamic support. A break below this line could signal a shift in the underlying bullish sentiment to bearish.
RSI (Relative Strength Index):
The RSI is currently at 24.80, well into the oversold territory. This suggests that the asset may be underbought, potentially setting the stage for a bullish reversal if other conditions align.
MACD (Moving Average Convergence Divergence):
The MACD is below the signal line, and both are trending downwards, indicating strong bearish momentum. The spread between the MACD and the signal line, along with a deepening histogram, further confirms the bearish sentiment.
Conclusion:
From my analysis, BNB/USDT is currently in a precarious position, hovering near a critical support level at $359.5, underpinned by an oversold RSI. This suggests a possible area for a reversal; however, the prevailing bearish momentum highlighted by the MACD advises caution.
Potential strategies could include preparing for a buying opportunity if a bullish reversal signal is observed at the support level, especially if there is a bullish crossover in the MACD or an upturn in the RSI above the oversold region. Conversely, a break below $359.5 could open the door to further declines towards $202.0, in which case, defensive strategies such as stop-loss orders would be crucial.
Investors should remain vigilant, watching for increased volume or news that could influence price action. As always, it's critical to complement technical analysis with sound risk management practices to mitigate potential losses in such a volatile environment.
BNBUSDT. Trading opportunityOn the daily timeframe, the sideways movement that began in March continues. Yesterday, the seller pushed the price back below the upper boundary of the range at 645.2. The closing candle had a good spread and volume, confirming the seller's strength. The current seller's vector is 9-10, with a potential target at 508. The nearest obstacle for the seller is at 586.5. The price is close to 50% of the last buyer's impulse (608.8), from which a buyer's movement might start.
On the hourly timeframe, there is a short-term downtrend. The last seller's impulse started at 653.7, and a seller's zone has formed at the base of this impulse (indicated by the red rectangle on the chart). It is preferable to look for selling opportunities in this seller's zone (645-654). However, the price may not return to this zone.
Currently, selling opportunities can be sought if the seller defends the level of 645.2, as an idea to realize the seller's vector 9-10 within the daily timeframe range.
There is no context for buying at the moment.
BNB BNB created triangle pattern and breakout up side. But actually BNB collecting up side triangle liquidity and moved down. So It's a BullTrap. Currently collecting triangle downside liquidity. So mitigate this orderblock (1) and moving up side is high possible.
BNB about to loss support ? BNB / USDT
After a major coin like BNB makes a new ATH then doing a clear and simple retest like this in which giving the majority the chance to buy it = 90% of cases is dump
In 90% of cases of retested triangles after new ATH = more dump to take more liquidity below the triangle
(Ex : this happens in BTC as well recently)
Iam long term supporter of BNB but short term looks more for correction
The confirmation :losing the dynamic support in my chart
This isn’t a Financial advice
IS THE SELL GOING TO CONTINUE WITH TO 540 ZONE?The recent sell trigger in the crypto market has been significant in all assets. While Solana was able to make some push.
I feel the BNB may sell to around the $540 zone.
BNB BNB failed in order block (3) and moved down and closed Bos line. This order block (3) is last support zone. This zone failed. So BNB clearly was bearish.
Order block (1) is next resistance zone. So BNB moving down is possible.
BNB BNB mitigated this orderblock (2) and moved down. Order block (1) was failed. This order block (1) is support zone. This zone failed.
Currently sweep the Ch line. If BNB closed the Ch line, the up trend changed to down trend.
Order block (3) is last support zone.
Binance Coin (BNB): Rejected From 100 EMAWe are back with BNB coin, where we had a nice rejection from 100 EMA in a 4-hour timeframe.
We are now looking for a touch to the support zone to happen after what we want to see: a nice movement towards the liquidity zone (which will happen only if we see a clean break from support).
Swallow Team
Binance Coin Price DiscoveryBinance is set to make ATHs in our estimations.
There is not much to say here, fundamentally all roadblocks at Binance are in the past, and technically we like the chart.
GL
BNB BNB moved down side correction. But this down movements showing bearish momentum. Because BNB sweep the minor swing high (💀) and moved down and closed Bos line.
Order block (2) is next resistance zone. If this zone was fail, BNB moving up.
Order block (1) is next support zones.
Is Binance Coin Breaking Out of its Bearish Pattern?📊Due to the decrease in the downward momentum of the price movement, if the range of 580 units is broken and the price stabilizes above it, the price may increase to the range of 590 units🎯, and in the case of the strength of the range of 606 units🎯🎯.
📊Otherwise, the price may fall to the range of 555 units.
BNB BNB sweep the swing low (💀) and moved higher. Currently facing order block (a). BNB chart showing clearly bearish momentum. So this order block (a) was not high probability.
Order block (2) was next support zone.
BNB BNB failed in order block (3). Sweep the swing low (💀) and moved up. BNB chart showing bearish momentum. Because Order block (1) was not failed. BNB mitigated this orderblock (1) and moved down.
So BNB moving down side is possible. Order block (2) was next support zone.
Long trade 27th June 24
19.30pm
New York Session
15min TF Structure
5min Entry
Entry 580.79
Profit level 582.09 (0.22%) 130 PIPS
Stop level 580.11 (0.12%) 68 PIPS
RR 1.91
BNB BNB has bullish. BNB mitigated this orderblock (1) and moved down and took the Inducement (💎2) and moved higher. But not closing this Bos line. Only sweep. So BNB moving down side.
Next BNB took the inducement (💎3) or mitigate orderblock (3) and moving up side is possible.
BNB still a Monthly bullflag. Adding an Hourly Higher low. BNB failed the Monthly bullflag break due to BTC W consolidation.
Lets see if Bullls can regain control after a retest of the Value Area.
Fishing an Hourly Higher low for a backside entry.
Update on BNB BNB on the daily chart failed to continue uptrend after completing to form Adam and Eve pattern. So I expect BNB to go down to $200.
BNB - trading planBNB - trading plan
Trend is down
i think price should take LOW of previous value $500 area
best trade for SHORT would appear if price re-test 620 - 630 area
Longs i`ll take after big SL hunts
Watch full update to understand what to do
