BNBUSDT trade ideas
Wow, a giant ascending triangle with Binance CoinBinance coin is trying to break out of a giant triangle on the weekly chart.
We may be about to see a big price rally that will possibly give us many profit opportunities.
I'm keeping an eye on the next steps of this coin, which according to graphical analysis, has the potential to increase in value by up to 500%.
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BNB - about to POP !After so many months BNB is following BTC structure with very clear CUP and Handle pattern. Today was the last retest of 620$ and BNB is going to at least 1000$. It would not supprised me if we would go to 2500-3000$ this bullrun. I recommend to hold longs till the end of this year. Regards.
BNB/USDT: Approaching a Major Breakout Zone BNB is currently testing a critical resistance zone around $670–$680, a level that has been historically significant. The monthly chart shows strong bullish momentum, with steady green candles indicating buying pressure.
A breakout above this zone could signal a major move upward, with potential targets around $750–$800, based on historical price action and Fibonacci extensions. However, to confirm the breakout, we need to see a surge in volume to validate the move.
If the breakout fails, there could be a retracement to test lower support levels, possibly around $620 or $580.
Key Points to Watch:
1. Volume Surge: A breakout without significant volume could lead to a false breakout.
2. Weekly and Daily Closes: Monitor how the price behaves on lower timeframes.
3. Market Sentiment: Keep an eye on overall crypto market trends.
What’s your take? Are we heading to new highs, or will this resistance hold strong? Let me know your thoughts! 📊
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.
BNBUSDT SHORT - New StrategyI have been working hard on a new Lower time frame Long/Short early momentum strategy. Larger drawdown but much bigger Risk to reward.
Forward testing mode on a live account. Lets see how we shape up compared to the backtest...
(separate account to my HTF long only momentum strategy)
TP1- $600
TP2- Manual Close TBC
New Strategy Log
Trade 1.
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! ❤️
Binance Coin (BNB): A Possible Liquidity Hunting Incoming!Binance Coin has been showing some signs of recovery and possible upward movement here but yet we are starting this month with some dominance from sellers. We have 2 possible scenarios here on the coin so now all we can do is wait out for them to be executed!
More in-depth info is in the video—enjoy!
Swallow Team
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.
BNB ANALYSISThe chart indicates an expectation of a short-term downward movement toward the $637 range, where buyers are likely to step in. The $637 to $620 zone is considered low-risk. The target profit is set at the $676 liquidity area; however, further growth beyond this level is anticipated, and the analysis will be updated accordingly.
This analysis is brought to you by the FXonbit Traders Team
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.
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.
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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
___________________________________________________________
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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"