BNBBNB is currently forming a symmetrical triangle pattern & BTC dominance is also at support zone try to find some shorts in altcoins with low lev.
BNBUSDT trade ideas
BNB BNB has bounce back from 290 (major support) & 300 support area successfully, It can reach its
1st target at 335 & 2nd target at 350 soon. BUT on one condition.
I have already published an idea on it ,Check that out & make sure to follow me.
✴️ Binance Coin Correction Imminent28-December we have a very strong bearish candle: Long upper wick, small real body closing red near the session low.
The entire up-move is an inverted correction; upwards ABC.
We cannot count 5-waves up here, which means that this pair was weaker than most.
The strong negative candle 28-Dec. is followed by multiple bearish close.
The 1st January 2024 (Happy New Year) starts full red...
Unless a miracle happens (Bitcoin Spot ETF launch?) this is going lower... And the SEC will delay everything again until they put CZ in prison.
We don't know how far down it will go... Hope for the best, prepare for the worst.
Namaste.
Binance Coin can reach resistance line of channel and start fallHello traders, I want share with you my opinion about Binance Coin. Observing the chart, we can see that the price not long time ago made a strong upward impulse to 336 points, thereby breaking 326 and 297 levels. After this, BNB started to decline inside the downward channel, where it at once, after a strong impulse up, made a correction movement to the support line from the resistance line of channel, thereby breaking the resistance level, which coincided with the seller zone. Also, in the channel, the price made a fake breakout of the resistance line, after which it made an impulse down and continued to decline in the channel. Later, BNB rose to the resistance level again, and even tried to break it, but failed and in a short time declined to the support level, which coincided with the buyer zone. Near this level, BNB two times declined to the buyer zone, even declined lower this zone, and at the second try price turnaround and made a strong impulse up to the resistance line of the channel, which continues close at the moment. So, I think Binance Coin can reach this line and then start to decline to the support level. For this case, I set my target at the 305 points, which coincides near with the support level. Please share this idea with your friends and click Boost 🚀
🌟🔍 Binance Coin (BNB) Post-Pump Analysis and Strategies 📈🛑
🔺 BNB's Current Consolidation: After a significant pump from the entry point of $250, BNB is now in a resting phase. The next upward movement could potentially commence from around $350.
📊 Weekly RSI Approaching Overbought: The Relative Strength Index (RSI) in the weekly timeframe is nearing overbought territory, suggesting a possible rally towards $350.
🔐 Personal Holding Strategy: I am continuing to hold my previous BNB purchases and not moving my stop loss. I believe our entry point is strong, and in the event of a downturn, I plan to hold through for a potential bull run.
📈 Futures Trading Strategy: For futures, a long position can be considered after surpassing $324, but a large stop loss might not be advisable.
💼 Holding Without Profit Booking: I am not planning to book profits on my holdings as of now.
🚨 Market Caution: The overall market is at a point where a correction is likely, so it’s important to trade with proper capital management and definitely set stop losses.
🔑 Related Categories:
Binance Coin (BNB) Post-Pump Behavior
RSI Analysis
Holding and Trading Strategies
How are you adjusting your strategies in response to BNB's recent movements and the overall market situation? Are you holding, trading, or reassessing your positions? Share your approach! 💬🌐 #BNBStrategy #CryptoTrading #TradeCityPro
📚 Remember: Cryptocurrency markets are volatile. Always ensure to manage your investments wisely and stay informed about market trends! 🧠💼
BNBBNB is currently above the hourly resistance.
We can take long at retest around 310 to 308 zone.
1st target would be at 335 and 2nd at 350.
Stoploss around 303 to 302.
Lev :- 1.5X to 2X
BNBUSD Retesting Head and Shoulders for a Bullish Move 🔥BNB to Retest Head and Shoulders, Setting the Stage for Bullish Momentum
BNBUSD_4HWeep symbol analysis of the cryptocurrency market in the short and medium term
The market can continue to climb by completing the correction
The main support in the long term is 290.0
And in the medium term, the important number is 310.0, and only by crossing this number and maintaining the support of this number, it is possible to continue climbing towards the number 350.0.
The validity of this analysis is 310.0.
Binance (BNB): Breaking 100EMA And Re-Testing It.Binance coin is looking great with the smaller dumps it has been having, which led to the 100 EMA breakdown.
We are looking here at current re-test to 100EMA which seems to us to be weak, but we are looking for a potential further movement to the lower zone.
Swallow Team
BNB: Resistance BreakoutTrade setup : Following a bullish break above $300 key level, price reached as high as $338 but got very overbought (RSI > 80). Now it’s pulled back to $300 support, which could be an attractive swing trade entry in Uptrend, with upside potential to $350. Stop Loss (SL) level at $285 (10% downside risk versus 20% upside potential for a 1:2 Risk-Reward Ratio).
Trend : Uptrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Mixed as MACD Line is below MACD Signal Line (Bearish) but RSI > 55 (Bullish).
Support and Resistance : Nearest Support Zone is $300 (previous resistance), then $260. The nearest Resistance Zone is $350.
🔥BNB Will Dump: Everyone Expects It, Right?🤔Binance have not the best year according to the paid media. BTW, this is a largest and most regulated crypto exchange in the world, which have 100% proven reserves backed by BTC, stablecoins etc.
The return of BNB inside the triangle will be a bullish signal. I recommend you to take a look on the Binance Coin weekly candle close.
The targets are on chart.
💥 I think it is too early to bury Binance and BNB. What do you think?
like❤️ and follow
Check the links and get a BONUS🎁 from me👇
BNB shows redistribution characteristicsHave a look at classical redistribution schematic. You'll be amazed how similar this is.
2 possibilities. One last up thrust or it's over for BNB.
HelenP. I BNB can correct to trend line again and then bounce upHi folks today I'm prepared for you Binance Coin analytics. If we look at the chart, we can see how the price some days ago traded in the support zone, which coincided with support 2 and soon broke this level. Next, BNB made a retest and tried to rise more, but failed and made a correction to support 2, which coincided with the trend line at the moment. After this, the price rebounded from the trend line and made a strong impulse up to support 1, which coincided with one more support zone, and in a short time, BNB broke this level too. Then price repeated the retest movement and continued to move up to 338 points, after which BNB rebounded and made a correction movement to the support zone. In the zone, the price declined to the trend line, but at once rebounded from this line and rose higher than this zone with support 1. At the moment, Binance Coin trades near the support zone, and I expect that the price can make a correction to the trend line one more time and then rebound and continue to grow. That's why I set my target at the 326 level. If you like my analytics you may support me with your like/comment ❤️
BNB ANALYSIS🔮#BNB Analysis 💰💰
💸💸As we can see that #BNB was trading in a descending triangle in a weekly time frame . After the breakout of the pattern the price breaks above $300 (As we said). Currently #BNB is facing a major resistance area and if there is a breakout of the resistance zone then we will see more higher price. 🚀🚀
🔖 Current Price: $299.2
⏳ Target Price: $450
⁉️ What to do?
- We can trade according to the chart and make some profits in #BNB. Keep your eyes on the chart, observe trading volume and stay accustom to market moves.💲💲
🏷Remember, the crypto market is dynamic in nature and changes rapidly, so always use stop loss and take proper knowledge before investments.
#BNB #Cryptocurrency #Pump #DYOR
