BNB Buy setupBNB is consolidating in a bullish triangle looking for a retest of the rising support trend line and
breakout above resistance line.
buy at 550 and 540 levels
target 700 and 1000
stop 530
BNBUSDT trade ideas
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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BNB ScenarioHere's my plan for BNB if it breaks this pattern. This triangle is very crucial to be broken to the uptrend. If the price breaks the triangle to the downside you can enter again a trade in a short position.
BNB ScenarioHere's my plan for BNB if it breaks this pattern. This triangle is very crucial to be broken to the uptrend. If the price breaks the triangle to the downside you can enter again a trade in a short position.
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 $581 support level.
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BNB to 235$In the previous bull market, BNB also experienced an upward trend.
However, it seems prudent to be cautious from now on.
This is because there is a possibility of a transition from a bullish trend to a bearish trend.
If we take a look at a longer-term chart, we can see a harmonic bearish bat pattern.
We can check if there's a good risk-reward setup on smaller timeframes and consider opening a position.
There is also a possibility of a 3-3-5 flat correction
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.
LONG $BNB before the start of the LAUNCHPOOL for 3 days?Binance would be starting LAUNCHPOOL of Notcoin PANCAKESWAP:NOTCOINWBNB_AA26CA in a few hours. And the it is the start of a new week after the DROP on Friday.
We can see a clear W formation on CRYPTOCAP:BNB based on @TradersReality indicator. We expecting the price to reach above CRYPTOCAP:BNB 597 before the end of the LAUNCHPOOL in effect, recovering the RED vector directly adjacent from the DROP of Friday.
Is a price correction imminent?📊 Due to the decrease in the upward movement momentum of the price, if the $585 range is broken and the price stabilizes below it, the price may fall to the $570 range🎯, and in the case of the strength of the $555 range🎯🎯.
📊 Otherwise, the price may fall to the range of $615.
BNBUSDT TRIANGLE IDENTIFIED WITH BULLISH POTENTIALUnder the daily timeframe, BNB has formed a triangular pattern, which holds considerable significance for the coin's future. If the price indeed confirms a bullish breakout from this pattern, there's potential for an upward rally.
However, it's crucial to validate the breakout on the upper boundary before considering any long positions.
BNBUSDT#BNB coin has formed a bullish pennant pattern, and if it breaks out from within the flag and maintains support above the resistance level, the target is set at $800. Binance continues to release excellent projects on its launchpad, which is one of the reasons for its rise. We may expect a significant upward movement in the near future.
HelenP. I Binance Coin can continue to grow inside triangleHi folks today I'm prepared for you Binance Coin analytics. A few moments ago price made a correction movement from the resistance level, which coincided with the resistance zone, after which turned around and rose back to this level. Then it made impulse down to the support level and then tried to rise, but soon continued to fall and in a short time broke the 562 level, which coincided with the support zone and declined to the trend line. After this movement, BNB rebounded from the trend line, rose to the support level, broke it again, and continued growing. Later it reached a resistance level, but then it started to decline, and BNB also formed a triangle pattern. Later price grew to the 603 level and then at once rebounded down to the trend line, after which a not long time ago bounced and started to rise. For this reason, I expect that BNBUSDT will correct to the trend line, which is the support line of the triangle too, and then rebound up to the resistance level. That's why my target is 603 level. If you like my analytics you may support me with your like/comment ❤️
Binance Officially Registers With Indian Regulator for $260 BlnBinance, a leading cryptocurrency exchange, recently received official registration from India's Financial Intelligence Unit (FIU) after a prolonged dispute with regulators. The FIU's approval marks the second time an offshore crypto exchange has been granted such a registration, the first being KuCoin. However, the news has been followed by a 2% decline in Binance's native cryptocurrency $BNB.
Binance was one of several global cryptocurrency exchanges that India's FIU had blocked for violating local anti-money laundering laws. As a result, the mobile applications of these exchanges were removed from Google's Play Store and Apple's App Store for Indian users. In the wake of these actions, Binance has been working to obtain official registration from the FIU to resume operations in India.
According to a report by the local news outlet Moneycontrol, Binance is now set to resume its operations in India, having acquired official registration with the FIU. The agency's director, Vivek Aggarwal, confirmed in a workshop conducted by the Bharat Web3 Association in New Delhi that KuCoin has already resumed operations after paying a penalty of INR 3.45 million ($41,303). However, Aggarwal stated that Binance is still in the process of determining its penalty and compliance proceedings.
India is the world's second-largest crypto market, having received $260 billion in cryptocurrencies between July 2022 and June 2023, according to a 2023 global report on crypto by Chainalysis. With its renewed approval and pending compliance procedures, Binance could soon reopen its doors to the country's significant crypto user base.
In summary, Binance has gained official registration with India's FIU, paving the way for the exchange to resume operations in the country. While the penalty and compliance procedures are still being determined, the news is a positive development for Binance and its expansion into the world's second-largest crypto market.
📈BNB Market Analysis: Potential Long and Short Positions✅🔍As Bitcoin experienced a notable downturn today, catching many traders unaware, it's imperative to reassess market conditions and identify potential trading opportunities. In this analysis, we'll delve into the intricacies of Binance Coin (BNB) and explore various factors shaping its price action.
💎Binance, being one of the most reputable digital currency exchanges globally, serves as a pivotal platform for traders worldwide. Its reliability and extensive range of services, including the renowned Launchpad feature, where users can participate in token sales by staking BNB, make it a preferred choice for many traders.
🔄In the 4-hour timeframe, we observe a recurring resistance zone between 617 and 656, which has been tested multiple times. Interestingly, each test resulted in a higher low, underscoring the increasing buying pressure within the market. Furthermore, the primary support established during this period lies at 517, encapsulating the range between 517 and 617. Adhering to our trading strategy, it's crucial to exercise caution within this range, managing positions with risk-to-reward ratios of at least 2 to ensure long-term profitability.
📊Volume analysis reveals a recent surge in selling pressure, particularly evident in the higher volume accompanying bearish candles. However, the overall volume trend indicates a decline, potentially susceptible to manipulation by larger market participants. As a result, while SMAs are temporarily disregarded due to the ranging market, RSI remains a pertinent indicator, offering insights into potential overbought or oversold conditions.
📈Moving on to potential triggers for long positions, the primary resistance at 600 warrants attention. However, given the current range-bound nature of the market, traders should temper their expectations regarding risk-to-reward ratios. Instead, emphasis should be placed on swift profit-taking and efficient position management.
📉Conversely, short position triggers at 576 and 543 are within the confines of the range-bound market. Thus, traders must exercise prudence, focusing on timely profit-taking and risk mitigation strategies. The critical short trigger at 517 signifies confirmation of rejection from ATH, potentially heralding a downtrend in the 4-hour timeframe.
📝In conclusion, Binance Coin (BNB) presents a nuanced landscape for traders, characterized by recurring resistance and support levels within a range-bound market. By employing meticulous risk management strategies and leveraging key triggers, traders can navigate market fluctuations effectively, maximizing profitability while mitigating potential losses.
🧠💼It's important to acknowledge the inherent risks in futures trading, with the potential for margin calls if risk management is neglected. Always adhere to strict capital management principles and utilize stop-loss orders, ensuring that the initial target offers a risk-to-reward ratio of 2
BNB's Bullish Momentum: Will $603 Trigger a Surge to $650?BNB still resides in the bullish zone in the H4 chart.
1. A bullish breakout of $603 sets Binance Coin on course for the $619 region, possibly prompting a temporary pullback.
2. A strong rejection of $590 steers the price towards $619, potentially extending to $646-$658.
3. Inability to sustain price action above $590 may induce sluggishness and choppiness.
Please find more details in the signature!
Short term Bullish on BNB Bullish on this short term. Bullish triangle formed with a lot of buy pressure from the 30min time frame. Target at $606 area or more.
Short term Bullish on BNB Bullish on this short term. Bullish triangle formed with a lot of buy pressure from the 30min time frame. Target at $606 area or more.
Keep an eye on the #BNB/USDT Diagonal Trendline in 4-Hour TF!Keep an eye on the #BNB/USDT Diagonal Trendline in 4-Hour TF!
Wait for BO to open a long position. The local resistance level is PMH $632.2.
Lingrid | BNBUSDT trend CONTINUATIONBINANCE:BNBUSDT recently broke the key resistance level at 600. The market is probably going to consolidate below the strong resistance and then break through. However, on the 4H timeframe, the market was moving sideways. It broke the top of the range, then retested it, indicating potential trend continuation. On the weekly timeframe, the market formed a massive long-tailed bar, which shows buying pressure. If the market breaks the previous week's high, then we might have a bull run. My goal is resistance zone 615 - 620
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
$BNB is forming a beautiful triangleCRYPTOCAP:BNB is forming a beautiful triangle
I inicially thought it would form a parallel channel, but no, as you can see the channel is still on chart (in yellow)
Breakout from this triangle will give us 27% from today price
Expect some more downtrend for a few days before the breakout, as the Detonator indicator (purple) is riding on top of oscilation
Will BNB maintain current resistance?Hello 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
Looking at the RSI indicator, we can see that there is still room for price movement down, but when we look at the STOCH indicator, we can see that it has returned to the lower border of the channel, which may slow down the price decline.
The profit of fluctuation ---- BNBAfter the Federal Reserve slowed its balance sheet reduction and the labor market cooled more than expected, BTC led the token rebound. Compared with the dump that the token experienced in April, the price of BNB has always remained at a high level. This is related to Binance’s frequent Launchpad and Megadrop launches. The logical upper limit of BNB fundamentals is based on Binance’s activity, and the logical lower limit is based on the SEC’s actions against Binance.
We have previously analyzed BNB based on the TSB indicator, and we can see that the wavy area still plays a role, and BNB maintains a bullish trend at the daily level. If you used the TSB indicator and opened a long position, then hold on to it.
If you missed the TSB indicator, let's take a look at the effect of the KDMM indicator on BNB. Switching to the 4h level, we can see that BNB has clearly entered a fluctuation trend. This is a necessary conditions for using the KDMM indicator. When everything is satisfied, you only need to wait for the value on the KDMM indicator to reach a high (80) for the bearish momentum to increase or for the value to reach (20) for the bullish momentum to increase. Then carry out bearish and bullish operations accordingly. We have marked the clear signal locations on the indicator area with red and green lines. This can help you profit during fluctuation.
Introduction to indicators:
Trend Sentinel Barrier (TSB) is a trend indicator, using AI algorithm to calculate the cumulative trading volume of bulls and bears, identify trend direction and opportunities, and calculate short-term average cost in combination with changes of turnover ratio in multi-period trends, so as to grasp the profit from the trend more effectively without being cheated.
KDMM (KD Momentum Matrix) is not only a momentum indicator, but also a short-term indicator. It divides the movement of the candle into long and short term trends, as well as bullish and bearish momentum. It identifies the points where the bullish and bearish momentum increases and weakens, and effectively capture profits.
Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies.
Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
