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Binance Coin BNBUSDT Price Analysis (8h)Greetings traders! It's been a while since our last BNB update . Let's dive into the recent developments. The price action has carved out a larger-than-anticipated triangle pattern, spanning the $227 - $253 range. Notably, yesterday saw a significant breakout to the downside, hitting the projected triangle target zone at around $210. The current RSI readings are indicating an oversold condition. An interesting twist awaits: if the price ventures even lower, pushing towards the $200 vicinity, it could potentially trigger a Bullish Divergence. This scenario aligns with a pattern we observed back in mid-June when the triangle formation began. Keep a close watch on these dynamics as they unfold. Remember, trading requires vigilance and adaptability. Stay tuned for further updates, and as always, happy trading! 🚀📊
B
by Vestinda
BNB Binance Coin Sell Opportunity? BNB (Binance Coin) may face potential downside risks as a bearish outlook looms over the cryptocurrency. The recent surge in price could be seen as a sell or short opportunity, primarily due to the ongoing lawsuit against Binance by the US Federal Reserve (FED). The FED lawsuit raises concerns about regulatory scrutiny and potential consequences for Binance, which could have a negative impact on the value and reputation of BNB. If the lawsuit results in unfavorable outcomes for Binance, it may weigh heavily on the coin's performance in the market. Investors considering BNB should carefully evaluate the potential risks associated with the regulatory uncertainty surrounding Binance. My short term price target for BNB is $225. Looking forward to read your opinion about it.
Short
by TopgOptions
5
Bitcoin - rebound soon, or is it just the beginning of the fall?Hello trader! Today I have a new idea for you. Like and subscribe to the channel, there is a lot of useful information.✅ Guys, this is an update of all my latest ideas that I wrote about in shorts, all ideas worked out 100%, thanks to everyone who put their fingers up and wrote comments. Fixed a full short position at $27,750. The total profit from the transaction is 30% with 5X leverage. I had a plan and I adhered to it) more than two weeks in the position were not in vain, all my friends with a profit who were with me BACK IN THIS ROOM? Technical: We have support ahead in the $27,500-$27,350 range and there is a chance to bounce back to the trendline and test as resistance. So far, we have tested channel support that may not survive, so I will try to enter with a little extra below. Placed orders in LONG: In a deal - 20% X5 Entry - $27,777/$27,350 Stop - $26,880 Take - I will update. Guys, the pressure on the market, as we see it, is very strong, who is not sure or in doubt, it's better not to try to catch a rebound, I'm trying and my risks are justified. With God!
Long
by DanilBlinkov
2
What's Next For BNB/USDT? Binance Coin Analysis 💎Attention, Paradisers! BNB is currently on a downward trajectory, eyeing a revisit to its pivotal support zone around $220, a level it has approached twice before. 💎Recently, BNB experienced a sharp price drop, establishing a bearish OB and creating an imbalance on its chart. 💎We're hopeful that after touching the $220 support, BNB will pivot and address the earlier imbalance. 💎Yet, it's essential to note that the broader market's volatility can influence BNB's price direction. 💎Stay connected for the latest insights and market updates with us.
Long
by MyCryptoParadise_Nathan
2
BNB/USDT 1D Chart ReviewHello everyone, I invite you to review the BNB chart taking into account the one-day interval. We can start by marking the local triangle with blue lines, as you can see we are approaching the exit of a specific product. Let's start by marking the support spots for the price and we see that the price stays just below the support at $240.72, then we have a strong support zone from $235 to $228, however if the price goes lower, we have the next support at $220. Looking the other way, we can similarly determine the places of resistance that the price has to face. And here we see that first the price has to break the zone from $244 to $248, then there is the second zone from $251 to $255, and then the strong resistance at $261. The CHOP index indicates that there is a lot of energy to move, while the RSI moves around the middle of the range, which in combination with the STOCH indicator, we can see the price rebound.
by cryptodailyuk
Bitcoin is back in the channel! Where will the price go?Hello trader! Today I have a new idea for you. Like and subscribe to the channel, there is a lot of useful information.✅ Is it time to close the position? WHERE IS THE VOLATILITY?! Guys, it's boring, but sure, the price of bitcoin is creeping again to the $29,000 test and to important support levels from where a reaction to the upward movement may follow. SOME THOUGHTS ON THE SCHEDULE: Technical: on the 12H chart, the price of bitcoin is again moving in the "downward channel", clearly confirming the upper limit in the $30200 range both times. While thoughts are such that, with this test, we will be able to see again the confirmation of the local support of $29,000-28,800 and the cutting of the global trend line. WHAT IS THE PLAN FOR THE POSITION? So far, there is still faith in the downward movement, I keep a short position, although I had thoughts of closing yesterday ... In general, friends, as you understand from the technical side, I am waiting for confirmation of the $29,000-28,800 zone and most likely I will be fixed there. If I get out early, I'll let you know. But it is often thought that very soon sticky shorts from $31,800 will begin to endure and even that we may see a renewal of the annual maximum. By the way, the indicators on the older timeframes are slowly changing their shoes to LONG, now it’s time to leave the short position and preferably in a small profit :)
Long
by DanilBlinkov
4
ETH - trendline retest!Hello trader! Today I have a new idea for you. Like and subscribe to the channel, there is a lot of useful information.✅ Locally, the ETH chart looks like a re-test of the trend line in the range of $1805-1785 Technical: the trend line is now a local support from which a rebound towards $2000 may follow. But, I recommend acting with the shortest stop possible, with such a long consolidation, an impulse in both directions may follow, and it is best to wait for the next weekly candle to open and see what a major player will offer us.
Long
by DanilBlinkov
1
BNBUSDTThis is a 1D frame analysis for BNBUSDT The price has experienced a significant drop after breaking the ascending triangle. The selling pressure was so high that the price was unable to bounce back and the price after the break of the support line attempted to rise but after several attempts failed to stay above the resistance line and experienced further drop. However, currently the price is stabilizing below the first resistance line and the first support line is able to guide the price upwards. In the weekly timeframe we can see a Doji candle which can indicate indecision in the market but if the price continues to range and fails to stay above the first resistance line we can expect to see a price correction again. We have identified the support and resistance levels for you so you can use them to help you buy and sell.
by MarsSignals
BNB/USDT 1H ReviewHello everyone, let's look at the BNB to USDT chart on a one hour time frame. As you can see, the price is moving below the local downtrend line. In order to mark the supports, we will use the trend based fib extension tool and we can see that we first have a support zone from $242.15 to $241.83, then support at $241.38, and then at $240.81. Now let's move on to the resistances and here we will mark the first resistance zone from $242.66 to $242.90, then resistance at $243.23, next at $243.67, then strong resistance at $244.91. Looking at the CHOP indicator, we see that there is a lot of energy to move, the RSI is moving in the lower part of the range, while the STOCH indicator indicates that the energy is exhausted in the current rebound.
by cryptodailyuk
Bitcoin - the wedge is broken, what's next? Growth above 30k$?!Hello trader! Today I have a new idea for you. Like and subscribe to the channel, there is a lot of useful information.✅ Bitcoin showed good volatility yesterday and was able to break through the “falling wedge” with an upward movement, and the price rose above $30,000. Also pay attention to the trend line, the price evenly tests the support in the form of a trend line and bounces to $30,000. It even looks a little strange that MM gives such ideal entry zones. While still sticking to the downside scenario, I think all these runs above $30,000 will lead us back into the abyss and disappointment. I advise you not to catch fomo and be careful with long positions, if you missed this growth, expect at least a correction.
Short
by DanilBlinkov
BCH/USDT Technical Analysis - Potential Breakout Ahead BCH/USDT Technical Analysis - Potential Breakout Ahead Hey Crypto Enthusiasts! Let's dive into an insightful technical analysis of the BCH/USDT trading pair, exploring recent trends and potential future moves for Bitcoin Cash (BCH) in the crypto market. June's Phenomenal Surge June was nothing short of thrilling for BCH holders, witnessing an incredible 260% surge in the BCH/USDT pair. This exhilarating jump has captured the attention of traders and investors, sparking curiosity about the path BCH might take next. Spotting Bullish Signals The current scenario hints at the formation of a bullish flag pattern in higher time frames. This pattern often acts as a signal for a continuation of the previous uptrend, suggesting the potential for more upward movement. However, remember that retracements are an integral part of the market cycle and should be anticipated. Resistance and Support Levels Right now, BCH/USDT is trading within the resistance range of $240 to $250. This zone is pivotal as it represents a battleground between buyers and sellers. Should the price breach the $250 mark, BCH could eye levels such as $300, $400, and even $500. On the flip side, if the $250 resistance holds, we might see a retracement. In this scenario, the support level to watch is at $186. A dip to this level could provide a healthy correction and set the stage for the next bullish leg. Breakout and Targets The make-or-break point for BCH/USDT is at $250. A clean breakthrough here could unleash BCH's potential to explore $300, $400, and $500. Keep a close watch on this level, as sustained movement beyond it might herald a new bullish phase. Key Levels Recap Support: $186 Resistance: $250, $309, $400, $500 Remember: Cryptocurrency markets are known for their volatility. This analysis is purely informative and not financial advice. Always conduct thorough research or consult a financial advisor before making investment decisions. Stay tuned for more updates!
Long
by CryptoPatel