BNBUSDT trade ideas
BNB: buy in middle renge📊Analysis by AhmadArz:
🔍Entry: 535.7
🛑Stop Loss: 519.7
🎯Take Profit: 548.9 -569.8
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BNBUSDT - After exiting from pennant, price can continue riseHi guys, this is my overview for BNBUSDT, feel free to check it and write your feedback in comments👊
Recently price started to trades in flat, where it once bounced from support level and rose to $611 resistance level.
But soon, price turned around and declined back to $550 level, which coincided with support area.
After this, BNB in a short time rose to resistance level again and even made fake breakout, after which made downward impulse.
Price exited from flat and started to trades in pennant, where it declined lower 550 level, but soon backed up.
Also recently, BNB exited from pennant and now trades close to support level, so, I think price can fall to this level.
Then Binance Coin can bounce from support level and start to move up to $585
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#BNB UPDATE#BNB Update
BNB is currently forming an ascending triangle pattern, with its price trending above the lower support line. According to this pattern, if there's a breakout above the upper boundary of the triangle, we can anticipate a price bounce up to $1100.
However, if the price breaks below the support line, it will invalidate this pattern.
Stay tuned for further updates—I'll keep you posted.
#Crypto #cryptocurrency GETTEX:BNB BINANCE:BNBUSDT BINANCE:BNBUSDT
Chart 2 of 5: BNBUSDT trading in a channelPotential of BNB to short at the immediate resistance level and hopefully it will be a quick trade.
Is Binance Coin bullish in the short term?📊 According to the buying pressure in the market, if the $550 range is broken and the price stabilizes above it, the price may increase to the $565 🎯range, and if the price is strong, it will reach the $580🎯🎯 range.
📊 Otherwise, the price may fall to the range of $515.
BNB rising back to 600$ ?!Not really much to explain here. Gann Box and Bibonacci tool alinging perfect on entry and exit. Imo definetly worth a shot. Send it back down after.
Lingrid | BNBUSDT Probably the last PUSH downThe price perfectly fulfills my last idea. It hit the target level. BINANCE:BNBUSDT has been making lower lows. It made a pullback, then continued updating LL. As you can see, the market has calmed down after falling. The main idea is that the market will probably move sideways, building liquidity above and below the range zone, which is basically the accumulation zone. I think the market might move down before the volatility kicks in. My goal is the support level at 515.0
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
BNB USDT fri 12 apr '24 20:30! fri 12 apr '24 20:30! fri 12 apr '24 20:30! fri 12 apr '24 20:30! fri 12 apr '24 20:30! fri 12 apr '24 20:30! fri 12 apr '24 20:30! fri 12 apr '24 20:30! fri 12 apr '24 20:30! fri 12 apr '24 20:30! fri 12 apr '24 20:30! fri 12 apr '24 20:30! fri 12 apr '24 20:30! fri 12 apr '24 20:30! fri 12 apr '24 20:30! fri 12 apr '24 20:30!V
BNB: A massive move is coming! The price is hanging right below the upper trendline of the bigger bull pennant, and now is the time to keep a close eye on BNB! If you're looking to trade BNB at the moment, here's a quick setup that you might find helpful!
The idea is: Buy when the price breaks above 616$ and take profits at the levels shown in the chart.
Targets:
1. 634$
2. 673$
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About our trades:
Our success rate is notably high, with 10 out of 11 posted trade setups achieving at least their first target upon a breakout price breach (The most on TW!). Our TradingView page serves as a testament to this claim, and we invite you to verify it!
BNB/USDT 4HInterval ChartHello everyone, let's look at the 4H BNB to USDT chart, as we can see the price is approaching the lower border of the horizontal trend channel, which is located in the support zone from $517 to $486, while a break from the bottom of the channel and a drop below this zone can give a strong downward movement towards the support level of $396.
Looking the other way, if the declines were stopped, the price has several significant resistance levels. And here you can see the first resistance at $558, then the second one at $592, the third one at the last peak at $645, and then you can see the way towards $732.
Looking at the RSI indicator, there is still room for a greater recovery, while the STOCH indicator indicates that the lower limit has been exceeded and confirms the current price rebound.
good level for long positionhello
i do not believe in overall market rise but i think it's a good level for long position.
i marked the entry point on chart.
the indicator bellow shows oversold so the price is about to go higher for a short time at least
when i say good "level" you should consider candle confirmation. and its a level. it might bounce back up a little lower.
BNB USD Long PhemexWill BNB Coin Establish a New All-Time High. Run it Up. Entry 555.39 3 Targets Labeled.
BNBUSDT - Price can reach resistance level and start to declineHi guys, this is my overview for BNBUSDT, feel free to check it and write your feedback in comments👊
Recently price bounced from resistance level, which coincided with resistance area, and fell to $496 points, breaking $530 level.
After this, price turned around and started to rise in pennant, where BNB in a short time rose to resistance line.
Thereby price broke $530 and $585 levels, but soon it turned around and fell to support line, breaking $585 level again.
After this, price later exited from pennant and reached $628 points, after which BNB made downward impulse.
Price broke $585 level again and then fell to support level, but recently BNB bounced up to resistance line.
Possibly, Binance Coin can reach resistance level and then start to decline to $530 support level.
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BNBUSDT 4HI'm buying some #BNB around its supports. Targets are:
$586.20
$619.80
$649.00
$690.60
$743.70
Supports are:
$533.30
$498.70
We recommend you use tight stop-loss
Supportive Role of Previous Resistance ZoneOn a daily timeframe, we have drawn an ascending trendline and are witnessing the formation of an upward pattern known as a running flat.
After this pattern was formed, the currency experienced a significant increase and is currently undergoing price and time corrections.
Previously, we had mentioned the possibility of forming a triangle pattern, the upper side of which is marked with a red line. During its last rise, the price could not stabilize beyond this area and we are again seeing a price decline.
It is important to know that the first orange zone, which previously acted as resistance, now has a supportive role. If we see the formation of strong bullish patterns in this area, the price may start to rise again. However, if this zone and the ascending trendline are broken downwards, the price may experience deeper corrections.
$BNB #Binance Trading IdeaBNB/USD (Binance) following yesterday's price drop, there was a notable amount of buying activity around the $500 price level, indicating that many investors placed their orders there.
If this support ($500) doesn't hold we can expect a bigger drawdown till the $416 or even $358 demand zones. These zones might offer a better opportunity for investors to buy at a lower price.
BNB - Ranges overview Clean pa on BNB in my opinion.
Simple plan for you guys.
IF we manage to hold 520$ we should expect the market to retrace and hunt the buyside liquidity.
IF we fail to hold these current levels, we would basically be closing back within the HTF range and head towards the sellside liquidity around 450$
No need to predict the market... WAIT FOR THE MARKET AND FOLLOW THE MARKET
Stay safe and never risk more than 1-5% of your capital per trade. The following analysis is merely a price action based analysis and does not constitute financial advice in any form.
Lingrid | BNBUSDT contraction before EXTENSIONBINANCE:BNBUSDT has been making higher highs on the daily timeframe. However, on the 4H timeframe, the market is moving sideways. It is forming the triangle formation, which is a trend continuation pattern. The price bounced off the bottom of the pattern. It is heading toward the top of the triangle. If you look at the weekly timeframe, it took liquidity below the previous low, indicating buying pressure. I think the market will be squeezed before the extension. My goal is recent highs at 625.5
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
HelenP. I Binance Coin can break trend line and fall to $565Hi folks today I'm prepared for you Binance Coin analytics. Recently price made impulse down to the trend line, thereby breaking the support level, which coincided with the support zone, but soon BNB rebounded from this line and rose back. After Binance Coin broke the 546 level again, it continued to move up to the resistance level, which coincided with the resistance zone, and when the price reached this area, BNB entered to it. But soon, the price turned around and in a short time declined to the trend line, after which the price bounced up and started to rise near this line. Some time later BNB made an impulse from the trend line higher than the resistance zone one more time, but a not long time ago BNB turned around and declined lower the trend line. But recently price rose higher than this line and now trades close, so, I expect that Binance Coin will rise a little more again and then rebound down lower trend line, breaking it. For this case, I set my target at 565 points. If you like my analytics you may support me with your like/comment ❤️
BNBUSDT in sideways marketBNBUSDT is showing resistance and support at different levels. Trade is placed considering a breakout at either support or resistance.
Will BNB touch $2000?BNB The most reliable currency in the market
BNB reaches its highest price on October 24
📈BNB: Testing Resistance Near ATH - Long or Short Play?❓🔍Today, we're analyzing BNB, which is nearing its all-time high (ATH). This coin is making its third attempt to break through the resistance at 630.6. As you can see, it was rejected the first time and failed to reach the resistance level the second time. This time, it has only made a slight move towards it, and we need to observe whether it can finally break through this resistance or not.
💎Simultaneously, as this coin contends with its resistance, a bullish trendline has formed. This trendline causes the price to establish higher lows after each peak, indicating stronger buying pressure compared to selling pressure. Considering its long-term bullish trend, we can anticipate that it might break through the 630.6 resistance.
📈Personally, I refrain from entering a long position until the resistance is broken, and the candle closes above 630.6. I wait for the candle to confirm the breakout above this resistance level before entering a long position.
✅For the target, we can consider the ATH, which is 10% above 630.6. With a reasonable stop-loss, we can aim for a risk-reward ratio of 2. The next target could be the 2.618 Fibonacci extension level, which serves as a significant supply zone.
📉As for shorting, we should wait for the trend to be broken first. Afterward, we can wait for confirmation below the trend trigger, around 573.7. Upon confirmation, we can enter a short position targeting 507.6.
📝Remember, patience is key, and it's essential to wait for the right entry point based on your trading strategy.
🧠💼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
