BNBHello
Bnb chart is looking really good , in case of upside breakout targeted price is 1100$ with a small stop in 750$
Are you bullish or bearish on BNB here ?
BNB
BNB - potentially getting out of the triangleA nice setup is currently being created on BNB. The upside exit from the triangle I marked should give a strong upward impulse. Entering riskier positions at the bottom of the triangle trend line with a fate stop below the last lows (worth the risk) or safely after a retest of exiting the triangle at the top. In both cases we are targeting the same TP of 1.618 measuring the fibo of the last correction:
TP - around $730
The negation of this analysis would be the formation of a lower low on the H4 time frame.
BNB: Potential Bull Pennant Breakout!Hey everyone! If you enjoy this content, please consider giving it a thumbs up and following for more analysis.
BNB recently completed a formation resembling a bull pennant pattern on the daily timeframe. The price has broken out of this pattern and is currently retesting the breakout zone. If it holds this retest level, it could signal further bullish momentum for BNB.
Buy some now and add more in the dip.
Entry range:- $560-$600
Targets:- $712/$834/$986/$1194
SL:- Daily close below $530
Let's Discuss!
What are your thoughts on BNB's current price action? Do you see a bullish pattern? Share your analysis in the comments below!
$TOTAL 2 chart is weakening?#TOTAL2 Total Marketcap of #altcoins incl. #eth #sol #bnb #xrp and all #altcoin market cap index has severe weaknesses such as bearish diamond pattern (diamond sends backs the price where it pumped from) and bearish RSI divergence in LTF.
Invalidation: #totalmarketcap 2 , reclaims ~ 1.25 Trillion #usd zone with weekly close.
Not financial advice.
My BNB plan for the next couple of weeksMy BNB plan for the next couple of weeks
If a breakout happens, we could see a $1000 target!
But be cautious: if it breaks down below $575, we might see $400 levels.
ALTCOINS that are STRONG Right Now🚀Yesterday we took a look at altcoins that are not doing great - today we'll list a few alts tat are performing well and still have further upside potential.
👍 TRBUSDT
👍SOLUSDT
If Solana can CLOSE above $150, it is highly likely that the Elliot Wave theory is still in place:
👍 RUNEUSDT
👍 BNBUSDT
BNB is looking strong, it's likely we'll see a new ATH soon:
👍 FRONTUSDT
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BINANCE:DOGEUSDT BINANCE:RUNEUSDT BINANCE:TRBUSDT BINANCE:SOLUSDT BINANCE:BNBUSDT BINANCE:FRONTUSDT.P
BNB's Pennant FormationBNB's pennant has been breached to the upside. Will the re-test confirm the move?
BNB WILL BREAK $700BNB is in a strong bullish momentum and the chart is showing us a good bullish pattern. We can see the price has broken out from daily resistance trendline and it's performing a nice retest of it. I expect a little range there before another pump that could lead the price above $700, that's the next resistance area where we could see a pullback
BNB: Sideways ChannelTrade setup : Price remains in an Uptrend, however, it’s consolidating in a Sideways Channel ($500 - $620). Price has been very strong lately relative to the market. Most altcoins are off their March highs by 30-50% and this one keeps pushing against the $620 resistance...seems it`s just a matter of days before it pierces through and marches higher. Swing traders : can enter near channel support of $500 and exit near horizontal resistance of $600 for a +20% gain. Stop Loss (SL) level at $470. Trend traders : wait for a breakout.
Pattern : Price is trading in a Sideways Channel , which is a neutral pattern (indication of market indecision). Trend Traders ought to wait for a breakout in either direction, although typically it breaks in the direction of the existing trend. Swing Traders can trade the range? Buy near Support and Sell near Resistance. Learn to trade Sideways Channel in Lesson 6.
Trend : Short-term trend is Strong Up, Medium-term trend is Up and Long-term trend is Strong Up.
Momentum is Bullish (MACD Line crossed above MACD Signal Line). Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70).
Support and Resistance : Nearest Support Zone is $500.00, then $400.00. Nearest Resistance Zone is $670.00.
Why BNB will Break Above $4,000: A Technical Analysis BNB, the native token of the Binance blockchain ecosystem, has been exhibiting remarkable strength and resilience amidst the recent market downturn. While the overall cryptocurrency market has experienced significant volatility, BNB has held its ground and demonstrated a strong potential for continued growth. This article delves into the technical and fundamental factors that support BNB's bullish outlook and suggest its price could surpass $4,000 in the coming months.
Technical Analysis:
Daily Timeframe:
BNB has consistently formed bullish triangles on the daily timeframe, breaking out of each pattern with upward momentum. The most recent breakout propelled BNB from $300 to $600, marking a remarkable 100% gain. This pattern suggests that BNB is poised for another significant upward move.
Weekly Timeframe:
Currently, BNB is trading within a horizontal accumulation pattern on the weekly timeframe, a consolidation phase that has lasted for over 1,000 days. However, within this larger consolidation, BNB has established a tighter trading range, creating a spring-like effect. This pattern suggests that a breakout from the horizontal range and a surge towards $5,000 could be imminent.
Monthly Timeframe:
On the monthly timeframe, BNB has never exhibited bearish sentiment, consistently trading within an ascending channel. This uptrend has been further reinforced by a recent retest of the lower channel boundary, demonstrating strong support and a continuation of the uptrend.
Fundamental Factors:
Binance Ecosystem Growth:
The Binance ecosystem has experienced tremendous growth in recent years, expanding its services, user base, and transaction volume. This growth has directly benefited BNB, increasing its utility and demand.
BNB Burning Mechanism:
Binance regularly burns significant amounts of BNB through its buyback and burn program. This mechanism reduces the circulating supply of BNB, creating scarcity and driving up its price.
Staking Rewards:
BNB holders can earn attractive staking rewards by locking up their tokens and participating in various validation nodes. These rewards further enhance the token's value and incentivize long-term holding.
Inflation Resistance:
Unlike fiat currencies, BNB's supply is capped, making it inherently resistant to inflation. This characteristic positions BNB as a hedge against inflation and a store of value.
Conclusion:
BNB's technical analysis and fundamental factors paint a compelling picture of a token poised for significant growth. The consistent bullish patterns, strong ecosystem growth, token burning mechanism, staking rewards, and inflation resistance all contribute to BNB's bullish outlook. While market conditions can always change, the weight of evidence suggests that BNB has the potential to break above $4,000 and continue its upward trajectory.
Is BNB getting ready for something big?This little breakout right here has spiced up the BNB chart. It has raised curiosity about how the price will unfold in the coming days.
If this breakout is legitimate, then buckle up for a good rally. The previous ATH could be possible.
Key points:
~ Support level of $597 to $609.
~ A bounce back is essential from the current resistance trendline to see a higher rally.
~ Targeting the $650 resistance and then the ATH of $691.
~ Invalidation point: A breakdown below $597.
~ Lower support: $565.
Do your own research before investing.
Regards,
Team Dexter
bnb really needs to reclaim that channelbnb has fallen out of the channel and back tested resistance where the 21 ema is.
there is a lot of air between current price and the lower bollinger band / diagonal trendline
bnb really needs to reclaim that channel for further upside
BNB/USDT 4HInterval Chart ReviewHello everyone, let's take a look at the MKR to USDT chart on a 4-hour time frame. As you can see, the price broke sideways from the downward trend line.
Let's start by determining the support line and as you can see, the first support in the near future is $2,658, if the support is broken, the next support is $2,274 and $1,777.
Now let's move on to the resistance line, as you can see the first resistance is at $3,023, if you manage to break it, the next resistance will be at $3,438, then at $3,727 and then at $4,105.
Looking at the RSI indicator, you can see that we are approaching support, which may result in another attempt to rebound the price, and the STOCH indicator shows that there is still some room left to go down before it increases again.
BNBUSDT TriangleBNB is consolidating and gaining strength, positioning itself to either reach new highs or lows. Given today's conditions in the altcoin market, there is a significant possibility for it to establish a renewed support zone around the 500 level.
Binance Coin BNB: Bulls vs. Resistance
BNB confronts the formidable resistance at $594.45, testing the resilience of bullish momentum.
A successful breach might propel BNB towards targets of $622.35 and $655.65.
However, a retreat below $542.50 could signal a corrective move down to $481.25.
BNB Bullish Pennant - Target: $880Bullish pennant on BINANCE:BNBUSDT
Not Financial Advice
Fib retracements are drawn between the ATH and the 2022 low. Some levels are still very well respected. (The pennant's low, matches exactly 0.618 fib)
We are very close to the pennant's convergence, so a breakout should be imminent.
Watch for a breakout of the resistance trendline (solid orange), as the target for a breakout would be a new ATH at around $880.
Expect some resistance in the $690 area, as that was the previous ATH.
BNB 4HInterval Chart ReviewHello everyone, let's look at the 4H BNB to USDT chart, in this situation we can see how the price is moving in a sideways trend channel, staying below the local downtrend line.
Let's start by setting goals for the near future that we can include:
T1 = USD 579.2 at which the price struggles
T2 = $605.9
T3 = $623.6
AND
T4 = $648.3
Now let's move on to the stop-loss in case of further market declines:
SL1 = $570.1
SL2 = $539.4
SL3 = $518.2
AND
SL4 = $491.50
Binance Coin can correct to support line and then continue riseHello traders, I want share with you my opinion about Binance Coin. Observing the chart, we can see that the price in a short time rose to the resistance level, which coincided with the seller zone, and soon broke this level. After this, the price rose to 627 points and then made a strong impulse down to 508 points, thereby breaking 600 and 547 levels. After this, BNB started to trades inside a symmetrical triangle pattern, where soon it broke the support level, which coincided with the buyer zone and continued to move up to the resistance level again. When the price reached this level, it entered to seller zone and even later rose to the resistance line of the triangle, but after which BNB turned around and declined back to the support level, breaking the 600 level one more time. After this, the price rebounded from the support level and in a short time rose to the resistance level, and some time traded near, after which bounced and declined to the support line of the triangle. Also recently, Binance Coin started to move, so, in my opinion, BNB can correct to the support line again and then continue to move up, therefore I set my target at the 590 points, which is located close to the resistance level. Please share this idea with your friends and click Boost 🚀
BNB: 50% shadow📊Analysis by AhmadArz:
🔍Entry: 584.1
🛑Stop Loss: 580.7
🎯Take Profit: 587.8 - 590.6 - 594.3
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🚀Please boost and💬 comment to share your thoughts with us!
BNBUSDT - Prise can make small move up and then start to fallHi guys, this is my overview for BNBUSDT, feel free to check it and write your feedback in comments👊
Recently price reached support level, which coincided with support zone, and then at once bounced down.
Also, price started to trades inside wedge, where it made soon upward impulse from support line to $581 level.
Next, price broke this level and continued to move up to resistance line of wedge, after this it bounced down.
Price declined to support area, after which made upward move and started to trades inside flat, exiting from wedge as well.
In flat, BNB broke support line and later declined to support level, after which started to move up.
In my mind, Binance Coin can rise a little more and then start to decline to $581 support level.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
BNB Update: Is $700 on the Horizon or Bearish Waters Ahead?
The daily chart for BNB lacks the momentum and is lingering around $594.
A bullish Bitcoin can push BNB through this key daily resistance, however a reversal in BTC.D will be a game changer for Binance Coin and we will see the next bullish rally towards $700.
A n inability to break through $594 will lead to a weakness with a bearish momentum targeting $543.
BNB Battle at $594: Will it Surge to $700 or Plunge to $543?The daily chart for BNB is maintaining strength, however it struggles to break $594, the key daily resistance.
A bullish break-out of this level is needed for Binance Coin to move towards $656 and higher towards $700 region.
A sustained price action below $594 could confirm weakness, potentially triggering a bearish momentum targeting $543, however price action will likely remain slow and choppy.
