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BNB

BNB => Ascending channel retest 🚀🚀🚀Binance Coin (BNB) has emerged as one of the stalwarts in the cryptocurrency space, showcasing remarkable strength and resilience. Let's delve into the fascinating world of BNB's price action, particularly its impressive ascending channel on the weekly chart, and explore the potential for a bullish breakout. Binance Coin's Ascending Channel: A Powerhouse of Potential The weekly chart reveals BNB's remarkable performance within an ascending channel. This channel represents an area where BNB's price oscillates upward within well-defined boundaries. Ascending channels often serve as powerful indicators of a bullish trend. Anticipating a Fakeout: A Clever Strategy As BNB moves within the confines of this ascending channel, traders should be aware of a potential fakeout. A fakeout occurs when the price temporarily breaks below the channel, tricking traders into selling. Look how fakeout can be done : A fakeout is a strategic move by whales and market participants to shake out inexperienced traders. The Art of the Retest: A Bullish Sign Should BNB execute a fakeout, it often follows up with a retest of the ascending channel's upper boundary. The retest serves as a validation of the channel's significance and a strong bullish signal. Experienced traders often view retests as prime entry points for long positions. BNB's Weekly Strength: An Encouraging Indicator BNB's ability to maintain its upward momentum on the weekly chart is a promising sign. Strength on the weekly timeframe is often seen as a sign of potential further growth in the mid to long term. Conclusion: Seizing the Binance Coin Opportunity As Binance Coin demonstrates its strength within the ascending channel, traders and investors have the chance to make informed decisions and capitalize on potential opportunities. Understanding the nuances of a fakeout and the subsequent retest can be a strategic advantage. While the cryptocurrency market remains dynamic and unpredictable, recognizing and leveraging these patterns and signals can empower traders to navigate the ever-evolving landscape. Remember to employ sound risk management practices and stay informed. Engaging in discussions, sharing your insights, and being part of the crypto community can be invaluable in this exciting journey. 🚀💼🌐 ❗See related ideas below❗ Feel free to like, share, and leave your thoughts in the comments.💚🚀💚
Long
by Yaroslav_Krasko
BNB/USDT 1H ReviewHello everyone, let's take a look at the BNB to USDT chart on a one hour time frame. As you can see, the price remains below the local downtrend line. After unfolding the Trend Based Fib Extension grid, we see that the price remains at the support of $205.6, then we have support at $203.3, and then the support zone from $201 to $197. Looking the other way, you can see the first resistance at $207.8, then the second resistance at $209.7, and then the resistance zone from $211 to $214. Looking at the CHOP indicator, we see that the energy is gaining strength, while the STOCH indicator shows a rebound with room for further decline.
by cryptodailyuk
3
BITCOIN FORECAST, TREND POSSIBILITIES. Hello, good evening. Here is my analysis of the price action of Bitcoin as of today. In the bigger picture, I have identified a head and shoulders pattern on the weekly time frame, along with the support trend line that Bitcoin is currently following. This suggests the possibility of Bitcoin revisiting the $15,000 to $18,000 range. To establish a healthy support trend line, we should observe a similar volume of buyers at that level. However, if the price of Bitcoin fails to hold at the $24,000 to $25,000 level and the volume cannot sustain at that price, Bitcoin could easily retrace to the aforementioned $15,000 to $18,000 range. Since I'm speaking for the weekly forecast, this will take time since we are eyeing the movement on weekly time frame. In the daily time frame, I've observed that the immediate support is represented by the green box within the range of $24.9k to $25.8k. Furthermore, the head and shoulders pattern is still evident. In terms of price action, it's desirable to witness a significant uptrend within that range. If this occurs, it indicates that many buyers or bullish traders are still interested in a substantial price increase. When Bitcoin experiences an upswing, it is likely that some large-cap altcoins will also follow. In my personal opinion, we may be at the market bottom, with the bearish season potentially coming to an end and a new market phase on the horizon. Always remember to trade responsibly.
BITSTAMP:BTCUSDLong
by CryptoProfessor
1
BNB: Sideways ChannelBinance (BNB) technical analysis: Trade setup : Price is trading in a Sideways Channel . Swing Traders: can trade the channel (Enter near $200 support and Exit near $220 resistance). Previously, following a bearish breakout from Ascending Triangle pattern, price broke below $220 key level. That’s a level that held up in June and also in Dec 2022, so it’s significant that price has broken below that $220 level and made a new low. Trend : Downtrend across all time horizons (Short- Medium- and Long-Term). Momentum is Bearish ( MACD Line is below MACD Signal Line, and RSI is below 45). Support and Resistance : Nearest Support Zone is $200. The nearest Resistance Zone is $220, then $260, and $300.
Long
by altFINS
Binance Coin can break resistance level and then continue riseHello traders, I want share with you my opinion about Binance Coin. Observing the chart, we can see that the price some time ago rebounded down from the resistance line to the support line, thereby breaking the 221 resistance leve. After this price bounced up to the resistance line, but when it reached this line, BNB at once rolled down to the buyer zone, breaking the support line. Also, the price broke the 207 level, but soon it bounced back, making a fake breakout, and entered to range. Inside range price rose to the top part, which coincided with the 221 resistance level, and then made a downward impulse to the 207 level. After this movement, BNB rose to the 221 level again, but there time it declined until to buyer zone, thereby exiting from the range. As well recently Binance Coin tried to rise higher of the 207 level but failed and now the price is traded very close inside the buyer zone. I think BNB can try to break the resistance level, and if the price breaks this level it can make a retest, or at once continue to move up without a retest. For this reason, I set my target at the 215 level. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
5
BNB │ 03.10.2023BINANCE:BNBUSDT.P Signals for level breakout Close retest of the level; A good approach to the level; Consolidation near the level; No response to a false level breakout; The instrument gradually approaches the level; Trade Parameters Open : 213.05346; Take profit : 211.90542; 211.52274; 211.14006; Every trader should make their trading decisions based on their own analysis and circumstances. The signals in this channel should be considered as an additional tool for your own consideration.
Short
by phoenix_995
Bitcoin is just the beginning of a big correction?Hello trader! Today I have a new idea for you. Like and subscribe to the channel, there is a lot of useful information there.✅ Guys, a small update to my short position: Bitcoin is slowly, tediously sliding down, but is confidently approaching the support level of $26,450, from where locally one can expect a buyer’s reaction in a short time (not financial advice in Long). Locally, the support of $27,000-27,200 acted as good support and we are currently seeing a slight rebound from this zone, which may well return the price to the $27,500 zone. When I took a short position with TVX $27,950, I immediately understood that the correction that they would show us would not be easy, like PUMP-DUMP! So if you are with me, just be patient and try to leave the order at the top of the cathedral position with a small % of the deposit)
Short
by DanilBlinkov
Third step decline in progressHello? Hello traders! If you "Follow" us, you can always get new information quickly. Please also click “Boost”. Have a good day. ------------------------------------- (BNBUSDT chart) (1M charts) I touched on the 179.2-210.2 section, which is a very important section. (1W chart) It shows a departure from the box section formed over the 211.7-669.3 section. Therefore, the key is whether it can receive support and rise around 211.7. (1D chart) It has fallen to the point where no support zone can be found. Accordingly, it is not easy to calculate the support section. The key is whether it can quickly rise above 214.1. If not, there is a possibility that the decline may continue, so you need to think about a response plan. -------------------------------------------------- ------------------------------------------- ** All explanations are for reference only and do not guarantee profit or loss in investment. ** Trading volume is displayed as a candle body based on 10EMA. How to display (in order from darkest to darkest) More than 3 times the trading volume of 10EMA > 2.5 times > 2.0 times > 1.25 times > Trading volume below 10EMA ** Even if you know other people’s know-how, it takes a considerable amount of time to make it your own. ** This chart was created using my know-how. ---------------------------------
by readCrypto
BNB and Elliott Wave Theory: A Trader's JourneyCryptocurrency trading is a dynamic world where market sentiment can shift rapidly, and even experienced traders can find themselves reassessing their positions. Recently, I had an interesting experience that highlights the importance of staying open minded and continuously refining one's technical analysis skills. In this story, I encountered a fellow trader's idea posted on Trading View, and it led me down a fascinating path of Elliott Wave Theory (EWT) analysis. This tale serves as a reminder of how traders can adapt and learn from their mistakes, ultimately benefiting the broader trading community. A Misstep in My Initial Assessment It all began when I stumbled upon a trading idea shared by Solldy . At first glance, their chart appeared to display a classic EWT triangle pattern. Eager to contribute to the discussion, I quickly commented on their post, sharing my insights on what I believed to be an EWT triangle formation. However, my excitement was short-lived. Upon revisiting the chart after posting my comment, I realised that I had overlooked a crucial detail: the price had entered the triangle from the downside. This oversight changed the entire context of my initial analysis and sent me on a quest to reassess the situation. Exploring the Elliott Wave Counts To make amends for my earlier error, I decided to create my own chart to clarify my perspective. In my first attempt, I encountered some inconsistencies that led me to a surprisingly bearish outlook. While it is essential to consider all possibilities in trading, this extreme bearish scenario seemed unlikely, given the broader context. A Second, Less Bearish Count Undeterred by the initial complexity, I continued my Elliott Wave analysis, determined to provide a more accurate assessment. This time, I arrived at a second count that was significantly less bearish. This count not only felt more in tune with the current market sentiment but also opened up new trading opportunities. A Trading Opportunity Emerges One of the valuable takeaways from this experience is that even when facing setbacks, traders can find silver linings. Through my renewed analysis, I identified a promising trading opportunity: a potential Long position upon the completion of Primary Wave 4, with an eye on the completion of Primary Wave 5. The Bigger Picture While I acknowledge that my second count is not yet fully measured and validated, I have decided to put this information out into the trading community. By sharing my insights and potential trading ideas, I hope to contribute to informed decision making among fellow traders. In conclusion, this journey demonstrates the ever evolving nature of our understanding of financial markets. It underscores the importance of humility in trading and the need to adapt, learn, and continuously improve our analytical skills. Trade safe.
by JMSBurton
BNB to 2000$As you can see we have 2 very similar fractals in previous cycle and cycle before that which lead the price to bottom; we also had Rsi extremely oversold for both which I appointed them in red circles , from the cycle bottom to the start of climbing took 68 bars which we currently at it , as you can see we have a similarity in Rsi aswell , some other criteria made me get to this conclusion which you can check in previous TAs ; BNB is a good project and its necessary to be in every basket; my target is somewhere around 2000$ for the end of 2024 . Stay safe fam
CRYPTO:BNBUSD
by mastershark
1
Stewiecoin CryptocurrencyStewiecoin Gradual Price Action Increase and Decrease To calculate the gradual price action increase for Stewiecoin with increments of $10, $100, $1,000, and $10,000, considering a total supply of 13 billion tokens, a 50:50 ratio with BNB, and a current price of $0.000001640407, we need to consider how the market cap changes with each increment. Here’s the math: 1. Initial Market Cap: • Current Stewiecoin price: $0.000001640407 • Total supply: 13 billion • Market cap = Price x Total supply • Market cap = $0.000001640407 x 13,000,000,000 • Market cap ≈ $21,325.31 2. Increase by $10: • New price = Current price + $10 • New price = $0.000001640407 + $10 • New price ≈ $10.000001640407 • New market cap = New price x Total supply • New market cap ≈ $130,000,021.24 3. Increase by $100: • New price = Current price + $100 • New price = $0.000001640407 + $100 • New price ≈ $100.000001640407 • New market cap = New price x Total supply • New market cap ≈ $1,300,000,212.40 4. Increase by $1,000: • New price = Current price + $1,000 • New price = $0.000001640407 + $1,000 • New price ≈ $1,000.000001640407 • New market cap = New price x Total supply • New market cap ≈ $13,000,002,124.00 5. Increase by $10,000: • New price = Current price + $10,000 • New price = $0.000001640407 + $10,000 • New price ≈ $10,000.000001640407 • New market cap = New price x Total supply • New market cap ≈ $130,000,021,240.70 These calculations demonstrate how the market cap of Stewiecoin changes with incremental price increases. It’s important to note that market cap alone doesn’t necessarily represent liquidity; liquidity also depends on trading volume and market depth. Additionally, these calculations are simplified and don’t account for factors like token burning, circulating supply, or market dynamics, which can affect token prices in the real world. To calculate the reverse math for each incremental value, determining how many tokens would be in circulation to achieve a specific market cap increment, we’ll use the given market cap increments of $10, $100, $1,000, and $10,000. We’ll start with the initial market cap and work backward. 1. Initial Market Cap: • Initial market cap: $21,325.31 • Price per token: $0.000001640407 • Tokens in circulation = Initial market cap / Price per token • Tokens in circulation ≈ $21,325.31 / $0.000001640407 ≈ 12,996,319,049,425 tokens 2. Decrease by $10: • New market cap: $21,325.31 - $10 • New market cap: $21,315.31 • New price per token = New market cap / Tokens in circulation • New price per token ≈ $21,315.31 / 12,996,319,049,425 ≈ $0.000001640345 tokens 3. Decrease by $100: • New market cap: $21,325.31 - $100 • New market cap: $21,225.31 • New price per token = New market cap / Tokens in circulation • New price per token ≈ $21,225.31 / 12,996,319,049,425 ≈ $0.000001636871 tokens 4. Decrease by $1,000: • New market cap: $21,325.31 - $1,000 • New market cap: $20,325.31 • New price per token = New market cap / Tokens in circulation • New price per token ≈ $20,325.31 / 12,996,319,049,425 ≈ $0.000001568558 tokens 5. Decrease by $10,000: • New market cap: $21,325.31 - $10,000 • New market cap: $11,325.31 • New price per token = New market cap / Tokens in circulation • New price per token ≈ $11,325.31 / 12,996,319,049,425 ≈ $0.000000871428 tokens These calculations illustrate the reverse math for each market cap increment, showing how the price per token changes to achieve the desired market cap. Keep in mind that these calculations are simplified and don’t consider factors such as rounding or the dynamic nature of cryptocurrency markets. We'll consider how relatively small changes in supply and demand can lead to disproportionate price increases and decreases. **Price Increase Example**: 1. Initial Supply: 1,000,000 Stewiecoin 2. Initial Demand: 10,000 Stewiecoin (buyers) 3. Initial Price: Demand / Supply = 10,000 / 1,000,000 = $0.01 per Stewiecoin Now, let's see how a relatively small increase in demand can affect the price: 4. Increased Demand: 15,000 Stewiecoin (buyers) 5. New Price: Increased Demand / Supply = 15,000 / 1,000,000 = $0.015 per Stewiecoin In this example, a 50% increase in demand led to a 50% price increase, showing a proportional relationship. **Price Decrease Example**: 1. Initial Supply: 1,000,000 Stewiecoin 2. Initial Demand: 10,000 Stewiecoin (buyers) 3. Initial Price: Demand / Supply = 10,000 / 1,000,000 = $0.01 per Stewiecoin Now, let's see how a relatively small decrease in demand can affect the price: 4. Decreased Demand: 5,000 Stewiecoin (buyers) 5. New Price: Decreased Demand / Supply = 5,000 / 1,000,000 = $0.005 per Stewiecoin In this example, a 50% decrease in demand led to a 50% price decrease, again showing a proportional relationship. These simplified examples demonstrate the principle of how small changes in supply and demand can result in proportional changes in price. However, in real cryptocurrency markets, other factors like market sentiment, trading volume, liquidity, and market psychology also play significant roles, often leading to more exaggerated price movements. Calculating the new prices for Stewiecoin when it reaches 10x, 100x, 1000x, and 10000x its initial price of $0.000001640407, and include the corresponding market cap values. Here's the math: **Price Increase Examples**: Initial Price: $0.000001640407 1. **10x Increase**: - New Price = Initial Price x 10 - New Price = $0.000001640407 x 10 = $0.00001640407 - New Market Cap = New Price x Total Supply - New Market Cap = $0.00001640407 x 13,000,000,000 = $213,853,310.10 2. **100x Increase**: - New Price = Initial Price x 100 - New Price = $0.000001640407 x 100 = $0.0001640407 - New Market Cap = New Price x Total Supply - New Market Cap = $0.0001640407 x 13,000,000,000 = $2,132,783,431.00 3. **1000x Increase**: - New Price = Initial Price x 1000 - New Price = $0.000001640407 x 1000 = $0.001640407 - New Market Cap = New Price x Total Supply - New Market Cap = $0.001640407 x 13,000,000,000 = $21,325,310,000.00 4. **10000x Increase**: - New Price = Initial Price x 10000 - New Price = $0.000001640407 x 10000 = $0.01640407 - New Market Cap = New Price x Total Supply - New Market Cap = $0.01640407 x 13,000,000,000 = $213,853,100,700.00 **Price Decrease Examples**: Initial Price: $0.000001640407 1. **10x Decrease**: - New Price = Initial Price / 10 - New Price = $0.000001640407 / 10 = $0.000000164041 - New Market Cap = New Price x Total Supply - New Market Cap = $0.000000164041 x 13,000,000,000 = $2,132,533.83 2. **100x Decrease**: - New Price = Initial Price / 100 - New Price = $0.000001640407 / 100 = $0.000000016404 - New Market Cap = New Price x Total Supply - New Market Cap = $0.000000016404 x 13,000,000,000 = $213,253.38 3. **1000x Decrease**: - New Price = Initial Price / 1000 - New Price = $0.000001640407 / 1000 = $0.0000000016404 - New Market Cap = New Price x Total Supply - New Market Cap = $0.0000000016404 x 13,000,000,000 = $21,325.31 4. **10000x Decrease**: - New Price = Initial Price / 10000 - New Price = $0.000001640407 / 10000 = $0.000000000164 - New Market Cap = New Price x Total Supply - New Market Cap = $0.000000000164 x 13,000,000,000 = $2,132.53 These calculations provide the new prices and corresponding market cap values for Stewiecoin when it reaches different multiples of its initial price (both increases and decreases). Please note that these are theoretical calculations, and actual market cap values can vary due to factors like token burning, circulating supply, and market dynamics.
by herbybob
BNB Short-Term 1HInterval ReviewHello everyone, let's take a look at the BNB to USDT chart on a one hour time frame. As you can see, the price is moving below the local uptrend line. After unfolding the FIb Retracement grid, we can mark a strong support zone with a price ranging from $212 to $209.7, while we still have support at $206.5. Looking the other way, there is a resistance zone from $214.9 to $215.9, then there is resistance at $217.2, another at $219.1, and then there is resistance at $221.6. Looking at the CHOP indicator, we see that there is some energy left for continuation, the STOCH indicator shows that the upper limit has been exceeded, which resulted in another recovery, and the RSI shows a pullback, which may result in a greater drop in the price.
by cryptodailyuk
BNB/USDT bullish move incoming? 👀 🚀 BNB Today Analysis💎 Paradisers, turn your attention to #BNBUSDT! Our observations highlight that it's currently positioned within a demand zone, gearing up for a potential bullish surge. 💎 A few days ago, #BinanceCoin was navigating a descending channel. However, after breaking above this channel, it embarked on a notable upward journey. Now, as it retraces, it remains above the channel's support. There's a strong likelihood that it will touch this support once more before setting off on its bullish trajectory. 💎 Another crucial point to ponder: should the demand zone be compromised, expect BNB to gravitate towards the lower demand zone. In both scenarios, exercise caution and trade judiciously. 💎 Remember to employ prudent trading strategies and use proper stop-loss measures! Stay alert to market movements and look forward to more insights
Long
by MyCryptoParadise_Simon
XDC Xinfin IS ABOUT TO RIP TO THE UPSIDEXDC Xinfin has been in this falling wedge bull flag pattern for a while and it broke out and is now holding above it. The RSI and the Stoch RSI is getting a fresh curl to the upside. I believe XDC is about to explode. I would say about $.06 then a correction and continuation to the upside after that. I believe XDC can get way past its all time high in this next run. If I take a measured move of the wedge/flag it would put XDC over a dollar. This is not financial advice this is just my opinion. Thank you
BITFINEX:XDCUSDLong
by Bitgolder
4
BNB/USDT 4HInterval ReviewHello everyone, I invite you to review the chart of BNB in pair with USDT, also on a four-hour interval. Let's start by marking with a yellow line the local downward trend line from which the price came out on top. However, at this point you can see that despite the top leaving the downtrend line, the price is moving just above it in a downward movement. As we can also see, the attempt to return above EMA Cross 200 and, consequently, to a strong upward trend was unsuccessful and we quickly returned to the previous level. Now let's move on to marking the support places. We will use the Fib Retracement tool to mark supports, and as you can see, the price has returned to the strong support zone from $215 to $210, but if the current zone does not hold the price, we may see a drop to the strong support level of $203.4. Looking the other way, we can similarly mark places where the price should encounter resistance on the way up. And here, as the first resistance, we have a zone from $219 to $223, which rejected the price, only after breaking it higher will we be able to see an attempt to attack the resistance levels at $228, and then another resistance at $234.9. The CHOP index indicates that the energy has been used and we are currently experiencing a slight increase, the STOCH indicator also shows a strong depletion of energy, which has slowed down the price declines, while the RSI shows a strong deviation to the lower part of the range, which creates a lot of room for increases, but before that we may still see an attempt to go down prices a little lower.
by cryptodailyuk
BNB/USDT | Target Range of $150-$130The BNB/USDT pair has experienced a bearish breakdown, signaling a potential shorting opportunity. Traders are eyeing a target range of $150 to $130 as a possible profit zone. Technical indicators and the breach of a bear flag pattern support the bearish sentiment. However, it is important to remember that cryptocurrency markets are volatile, and risks should be managed carefully. Traders should conduct thorough research and use risk management tools when considering short positions. thank you :)
Short
by Khaledzu
3
BNBUSDTThis is a 1D frame analysis for BNBUSDT As you can see, the price of the asset is above the first support line and with the closing of a positive and powerful weekly candle, we can consider that the price can start a move again towards the first resistance line. The first resistance zone which can be a good supply zone if the price cannot break the high of the support line and penetrate can correct again towards the downside. But we can consider the price in a neutral zone which can oscillate between S1 zone and R1 zone and if it can break out from either side it can continue.
by MarsSignals