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BNB

BNB Possible Double Bottom Trading PlanTLDR: • BNB is on the verge of breaking out the range high in a possible Double bottom reversal. • Above the range high is a supply zone between 256 – 266 USD. • I consider this supply zone as another layer of resistance. • Wait for a retest of the range high as support and for green dots on the TTM Squeeze indicator before betting the farm on BNB. Background: • Between the 5th of June and the June 12th BNB lost 30% of its dollar value. • On June 12th, BNB reached the selling climax and set the range low at 220$. • On June 13th and 14th BNB rallied to make the range high at 252$. • On June 28th, BNB tested the range low as support. • Until today BNB wasn’t able to successfully break out of the range. Supply Zones: • BNB’s downward move was in a “drop, base, drop” pattern. This pattern created two supply zones above the range high. • The first supply zone is between 256 -263 USD. • The second Supply zone is between 274 -281 USD. • Until these supply zones are exhausted BNB’s uptrend can be challenged. Double Bottom Pattern: • A double Bottom is a bullish reversal pattern. • The double bottom is confirmed only after a break above the neckline. • It is not clear yet if we are in a range or in a double bottom. However, it makes no difference as far as the trading plan is concerned. Trading plan: • I am writing this trading plan assuming that we do have a double bottom and that BNB will break above the range high. If the breakout fails, I will look for another entry and update you. • Pay attention to the supply zone just above the range high. This supply zone will create bearish pressure on BNB and may push the price down, possibly below the range high. • Don’t buy the breakout. Buy the retest of the range high as support. • Take profit or move your SL before the second supply zone between 273 – 280 USD. • You mnust look at the volume candles to verify the breakout. A breakout on low volume is, most likely, doomed from the beginning. • You can use the TTM squeeze indicator (by Beardy_Fred) as confluence. Wait for the green dots as a sign that volatility is back. However, this is a lagging indicator. To make the best use of this indicator, check the LTF. Trade Idea: • Entry: 252 USD (only after a retest and green dot) • SL: 243 USD • Target: 308 USD • R: R: 1:5 • TP: 273, 208 NFA What do you think? Please share in the comments. Best wishes.
BINANCE:BNBUSD.PLong
by NewThoughtCrypto
CAKEUSD Short term break out at $1.601 - Fast profit of 3%After a lot of time I was interested to see the CAKEUSD pair and see what is going on there. As it is normal, NASDAQ:CAKE follows the same pattern as CRYPTOCAP:BNB does due to the recent news and all the turbulance that exist in all the crypto market and more specifically to BSC ecosystem. It is very interesting however to examine CAKEUSDT chart and see the potential profits that can provide to us. Right now, NASDAQ:CAKE moves around $1.558 which is on the low boarder of this graphic - the support. In the hourly chart this might tought the price of 1.57 and then hit the resistance of $1.601. SL is the price of $1.544 where a new analysis of the chart will be needed there. Let me know your opinion on NASDAQ:CAKE charts!! COMMENT BELLOW! Happy gains to all!
Long
by logicrypto
BNB Review 4HInterval Looking at BNB vs USDT, also on a four-hour timeframe. First of all, using the blue lines, we can mark the downtrend channel from which the price went up. As we can see from the unfolding of the fib based trend extension tool, the price stays just above the first support zone from $247 to $242, however, when the price falls below this zone, we can see a drop around the second strong zone from $234 to $229. Looking the other way, we can also mark the places where the price should encounter resistance on the way to increases. And here we have the first very strong resistance at the price of $ 253, only when the price positively tests it should try to attack the level of $ 261. When we turn on the EMA Cross 10 and 30, we can see the confirmation of the uptrend. The CHOP index indicates that we have a lot of energy for the next move. The MACD indicator struggles to maintain a local uptrend. On the other hand, on the RSI we are moving in the upper limit, but we have some space for the price to try to attack the first resistance.
by cryptodailyuk
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Long
by SophiaAnderson
1
BNBUSDT at monthly support, likley to head to 261 and 306The green zone marked on the chart is the confluence of monthly, weekly and daily supports. Therefore, it presents a very strong support area for the price to hold. Even during the brutal drop the price experienced a few weeks back, this is the zone where the price held and bounced back. Then there was a dip into this zone again to retest that area and now it is bouncing again from that zone. I believe the price is heading for the daily resistance DR1 zone first where it may experience some pullback and then head for the weekly resistance WR1. There might be some struggle at daily resistance DR2 zone but I believe that would not be significant in case price reaches there.
Long
by angela_altair
Bitcoin - another way out of the triangle - is it a trap?!Hello trader! Today I have a new idea for you. Like and subscribe to the channel, there is a lot of useful information.✅ I will slightly update yesterday's idea regarding the triangle. Yesterday's swing can be said to have cut the triangle from both sides, there was an attempt to renew the maximum of 31455, but another ETF-related FUD interrupted this attempt and the price fell below $30,000. At the moment, the price of the asset was able to recover and Bitcoin returned above $30,000 again and continues to consolidate in the range of $30,500-30350. Technical BTC has returned to the triangle again and there is a tightening to the upper border of the potturn, which may lead to another local takeaway towards $31,000. But I also do not rule out that a new weekly candle will begin to form from a correction below $30,000, which is quite likely, and do not forget about the history associated with Binance, the SEC regulator and ETF, all this is still a big question, they often like to throw news after growth in 15-20% which has already happened.
BITSTAMP:BTCUSDShort
by DanilBlinkov
BNB/USDT 4H Interval ReviewI invite you to the third chart, this time BNB on a four-hour interval. As we can see, the price moved down from channel A of the uptrend, then the price moved in channel B of the downtrend, in which the low was higher than in channel A. Which gave us an upward exit from channel two and a move along the local uptrend line. Using the trend based fib extension tool, we will check support places for the BNB price. And here you can immediately see that we have a support zone from $234 to $229, which is currently holding the price. However, when we fall below this zone, the price has a second very strong support zone from $221 to $216. Looking the other way, we can similarly determine the places of resistance that the price has to face. And similarly, we will mark two zones through which the price must pass in order to continue its growth. The first zone starts at the price of $238 and ends at the level of $242, when the price goes up from it, it will move towards the second zone at the levels of $247 to $253. Here it is worth looking at the EMA cross 10 and 30, as we can see that the red line of the cross 10 ema is approaching the intersection of the green 30 from below, which should result in an uptrend change. The CHOP index indicates that we have the energy to continue the move, the MACD indicates maintaining an uptrend, while the RSI is moving in an uptrend, with small rebounds, but there is room for the price to go higher in the current moves.
by cryptodailyuk
Bitcoin Price Consolidates in Range, Breakout ImminentBitcoin LTFChart Analysis Bitcoin (BTC) is currently trading in a range bound between $30,000 and $31,200. The price has been consolidating in this range for several weeks, and it is unclear which direction it will break out of. If BTC breaks out above $31,200, it could clear the way for a move up to $38,000. However, if the price breaks down below $30,000, it could fall to $28,000-$29,000. Traders should wait for confirmation before entering a trade. If BTC breaks out above $31,200, traders could consider buying with a stop loss below $30,000. If the price breaks down below $30,000, traders could consider selling with a stop loss above $31,200. Key Levels Support: $30,000 Resistance: $31,200 Conclusion Bitcoin is currently trading in a range bound between $30,000 and $31,200. It is unclear which direction the price will break out of. Traders should wait for confirmation before entering a trade. If BTC breaks out above $31,200, it could clear the way for a move up to $38,000. However, if the price breaks down below $30,000, it could fall to $28,000-$29,000.
B
by CryptoPatel
1
What do I do with BNB?TLDR: • Although the bearish pressure on BNB is reduced. It is not yet clear that the downtrend is finished. • To confirm a trade reversal, I will wait for a long signal from the TTM Squeeze indicator. Background: • BNB is in a continuous downtrend since the 17th of April 2023. • Fundamental news regarding Binance US has exacerbated BNB’s situation and increased the downside momentum. • Since June 11th selling pressure has somewhat reduced but momentum is still on the downside. • If we disregard the wicks, in the past 18 days BNB is moving in an 8% price range. • This high level of compression is displayed by the TTM Squeeze indicator by the orange dot. The orange dot means the highest level of compression (Keltner channel inside the Bollinger band). Will BNB’s compression lead to a trend reversal? • The truth is I don’t know. Nobody does; especially not the trading gurus on YT and CT. • However, I think that liquidity is to the upside, not down. IMO, candle wicks are the footprint of the MM. Wicks could indicate that MMs are building long positions. The only problem is that I cannot negate another quick move down to shake out the traders that already took long positions. So, what do we do? We don’t have to do anything. We wait. Wait For what? Trend reversal. A long signal. How will I know that the trend changed? 1. Bullish RSI divergence. 2. The TTM squeeze indicator is a big help in such a situation. Once the TTM Squeeze histogram moves above the zero line and green dots appear, it’s a sign that volatility is returning. 3. I will also look out for a high-volume green candle and a strong price move away from the range. Next Support levels: 205 USD. 183 USD. Resistance: 240 USD. 250 USD. 260 USD. NFA What do you think? Please share in the comments. Best wishes.
BINANCE:BNBUSD.P
by NewThoughtCrypto
☀️ Skies for Bitcoin & Binance, ☁ Outlook for Ether and AltsSunny weather with a few scattered clouds lies ahead for Bitcoin and Binance in the next 24 hours ☀️, painting a slightly bullish market outlook as investor interest in the crypto sphere remains strong. However, Ether and many other altcoins face cloudy ☁ or even rainy conditions🌧️, signaling a bearish trend with downside risks. 📈 Over a one-week horizon, ATTMO predicts prevailing sunny trading conditions across most of the crypto market. Follow us for more crypto weather reports!
BITSTAMP:BTCUSD
by ATTMO
BNBUSDTHello Crypto Lovers, This is a 1D frame analysis for BNBUSDT After the initial support line was breached, the price was able to move slightly higher and we expect it to form a double bottom pattern and start to move towards the first resistance line. Keep in mind that if the price is able to remain above the support line with a positive candle, then we can expect further upside. However, if it breaks below the support line completely and closes there, then we can consider a deeper correction. But our priority is the double bottom pattern. Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions. Take care
Long
by MarsSignals
Unstoppable BNB Bulls to $400 from $250? Explosive Ride!Bulls are coming, $400 BNB loading.....Don't be deceived by the quietness surrounding BNB while other altcoins are pumping. This pump coming seems to be extraordinary, and it's a chance you wouldn't want to miss. Well sit tight for this one, If you want to join the BNB bulls ship before it sails, here is a free signal to get on board quickly if you read to the end you get free entry, stop and take profit but don't forget to click the boost button to support us if you agree and comment if you disagree. Chart Analysis: According to MT Pandora's Box, The current support level on BNB around 245 to 250 indicates a potential breakout on the 4-hour chart. A higher low formation suggests a 65% chance of a bounce towards the resistance range of 263 to 268. If the bulls maintain dominance, further targets could reach 300. It is advisable to buy incrementally as the breakout is pending, considering the high volatility of BNB's price. The price may experience back and forth struggles, but once the breakout occurs, it could skyrocket to 409 to 569 if extended. The market sentiment suggests that the bulls are unstoppable, and missing out on this opportunity would be a mistake. Here at MT traders, we have already started accumulating BNB at around 237. While it is uncertain if $500 will hold them, it's wise not to be too greedy with the take profit target Moreover, the weekly chart shows a highly bullish market sentiment, and even a slight range entry by BTC could trigger more altcoins to break out, including BNB. I will be constantly updating this post, so I encourage you to come back and check for updates. It's still a great opportunity to buy before it's too late. If you agree with this idea, please follow and click the "like" icon under this post. If you disagree, please comment below stating your reasons. 📈 🚨 #FREE MT BNB LONG TRADE SIGNAL 🚨📈 👉 🧿 ASSET: CRYPTOCAP:BNB (BNB/USDT) 👉 🧿 ACTION: LONG 👉 🧿 1st ENTRY PRICE: $248.3, $252, $254.5 👉 🧿 STOP LOSS: $226 (Risky stop 237) 👉 🧿 1st TAKE PROFIT: $268, 2nd Tp: $300 (extended TP: , $468, $590) Remember to trade responsibly and always do your own research. Happy trading! 📈🚨
Long
by MachiavelliTrader
Litecoin Ready for $600 as per "W" Pattern ?Litecoin Technical Analysis #Litecoin is currently trading at $85. As per the chart, I am expecting some upward movement before the #LTC halving, followed by a further downside move. The maximum upward movement could be $130, while the downside move could reach $50. A price of $50 would be a great buying opportunity for the long run or the next bull market. The 3-week chart is showing a "W" pattern, and if this pattern repeats, we could see CRYPTOCAP:LTC reach a high of $500-$600 in the next bull run. Support Levels:- $50 Resistance Levels:- $100/$130/$214/$275
BITSTAMP:LTCUSDLong
by CryptoPatel
1
BNB/USDT Review 4hinterval - Resistance and SupportHello everyone, I invite you to review the chart of BNB in pair to USDT, on a four-hour interval. In the first place, using the yellow line, we can mark the uptrend line that did not hold the price, while currently, using the blue lines, we can mark the downtrend channel from which the price goes sideways. Now let's move on to marking the places of support. We will use the Fib Retracement tool to mark the supports, and as you can see, we have the first very strong support at the price of $ 234.4, it is equal to 0.618 Fib, the so-called golden fibon point, the second support at the price of $ 228.2, and then we can see a decrease around 220 .1$, which is the location of the last price low. Looking the other way, we can also mark the places where the price should encounter resistance on the way to increases. And here we see that the price has no strength to break through the resistance at $238.3, however when it does, it still needs to break through the strong resistance from $243 to $249 for the price to move further towards the resistance at $257.4. Please pay attention to the CHOP Index, which indicates that there is a lot of energy to move. The MACD indicator maintains a local downtrend. On the other hand, the RSI is moving around the lower border, which may give the price an increase in the coming hours.
by cryptodailyuk
BNB Versus BTC: A Grim PredictionAlthough this is probably becoming a more 'mainstream' view, I still believe BNB has lower to go. I mainly think that shorting BNBBTC is the best expression of a negative view on BNB and Binance broadly, as I think BTC will probably go higher over the next few months. As Binance struggles with all these lawsuits and faces issues in and out of the US, its competitors are rising. In my opinion, all exchanges will face lawsuits from the US; it's just that Binance is the biggest target. Recently, regulators or Binance revoked some of its licenses, like the UK, Belgium, Netherlands, and Cyprus. It's been clear for many years now it has done many shady things for which it would eventually have to pay a heavy price. It's unclear how dire the consequences will be, but it's unlikely that they will escape unscathed. There are also many big questions around BNBchain, which is heavily centralized and controlled by a few people. BNBBTC peaked when FTX collapsed, a clear sign to go short. Why? Because regulators would have to become more active and mainly focus on Binance as it was selling its FTT and was partially blamed for the collapse. But how low could it go? And why? In BTC terms, the minimum target is 0.0065. It will probably test that high and sweep the double bottom left untouched. However, as time passes, I think it will go significantly lower and potentially get as low as 0.003. My reasoning is that 1) More exchanges will rise and compete with Binance, like Coinbase, Gemini, and other TradFi exchanges. Maybe even FTX gets revived (FTX 2.0), 2) BTC will dominate flows and liquidity as the ETF over the next year is almost a certainty, 3) Bitcoin, Ethereum, and their L2s will get the most users. Bnbchain will fail to gain extra traction, 4) Binance will face severe regulatory pressures and lose some court cases. Finally, as you can see in the chart below, BNBUSD doesn't look healthy at all. It's still extremely overvalued, had a mini blow-off top and failure to reclaim support, has been rejected at the yearly Pivot, and has a massive FVG lower. I believe that the price could get to 150 over the next year, even if Bitcoin keeps rallying.
Short
by BitcoinMacro
ARB/USDT: Past Prediction Correct, Next Bull Run Target $10 Sure, here is the technical analysis of ARB/USDT in a more professional report format: Current Price: $1.20 Previous Analysis: In a previous analysis, CryptoPatel predicted that ARB/USDT would dump from $1.50 to $0.90. This prediction was correct. Current Resistance Level: $1.25 Expected Price Movement: CryptoPatel expects ARB/USDT to break the $1.25 resistance level and test the $1.43 resistance level. However, they also expect ARB/USDT to be rejected from the $1.43 level and fall back to the $0.7-$0.5 range. This range would be a good accumulation zone for long-term investors. Next Bull Run: CryptoPatel expects ARB/USDT to reach a minimum of $10 in the next bull run. Key Support and Resistance Levels: Support: $1.07/$0.77 Resistance: $1.25/$1.43 Overall Outlook: CryptoPatel believes that ARB/USDT is currently in a downtrend and is expected to continue to fall in the short term. However, they also believe that ARB/USDT is a good long-term investment and could reach a minimum of $10 in the next bull run. Follow us for more Quality analysis Chart.
Long
by CryptoPatel
Possible local bottom for BNB after numerous regulation FUD?On the daily timeframe BNBUSDT seems to be in a nice position to turn bullish. • First of all, if we look at the BRS (the green/blue bands close to the price), BNBUSDT moves in the bullish range for the last two weeks. • Furthermore, we are close to a vital level confirmed by a support zone around the $200-$220 price level which is also its 52-week all-time-low level as shown by the green doted line from the BPI. • Looking at the oscillator, the Blockunity Strength Oscillator (BSO) indicates that the Confirmed Reversal Indicator (CRI) is oversold, as well as the Parabolic RSI (PRSI). Both are under their lower barriers. The signals re-entering their boundaries could trigger a strong bullish signal. So we would advice to closely look at the price action of the BNBUSDT asset, while keeping in mind the news regarding Binance and their regulatory issues which could trigger violent moves in both directions. What are your opinions? Do you see theses levels as a good entry point to trade BNB? Let us know in the comments!
Long
by Blockunity
2