BNB just made a new ATH in the recent month, and now I expect a slight correction before it rockets to new highs. The main support I have in mind is around $456, with the main target at $1,570 and an optimistic target at $2,040
Hello Traders and Investors, today I will take a look at Binance Coin .
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Explanation of my video analysis:
Binance Coin is currently clearly retesting a major resistance at the previous $700 level which was also the all time high of Binance Coin. Since we did not see a break above yet, there is simply a higher chance that we will see a (short term)...
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.
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...
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...
Binance Coin is in the bullish territory in the H4 chart.
A bullish break-out of $603 will offer more upside towards $619 where the price action will be key.
A re-test of $590 followed by a bullish rejection will lead to a bullish move towards $619 and, possibly, higher to $646-$658.
An inability to sustain price action above $590 will result in a range-bound...
The Binance Coin (BNB) price is attempting a fresh rally, buoyed by a surge that surpassed the crucial $550 resistance zone. This positive momentum has ignited optimism among investors, with analysts suggesting a potential extension towards $630 and beyond.
Breaking Through Resistance: A Bullish Signal
BNB's recent price action hints at a bullish resurgence....
Daily Chart
Binancecoin is neutral in the daily chart and teasing the top of the daily range zone at $589.
An inability to break $589 to the upside will push BNB price towards $480, however the price action towards $480 will be slow and choppy.
If Binancecoin is unable to maintain price above $480, the daily support zone (marked grey) we will see BNB in the...
BNBUSD Weekly Chart Conditions for a Bullish Scenario
In the weekly chart, BNB is lingering around the key weekly support zone at $577 (or the range of $563-$597).
It has to maintain the price action and weekly candle closures above this zone, preferably above $597 to remain in the bullish territory.
A price consolidation above $597 will push BNB towards the...
Binancecoin is testing the key daily resistance of $586.
An inability to break $586 to the upside will push BNB price towards $504-$529 and, if unable to sustain price action above $504, lower to $455-$477.
A daily candle closure above the key daily resistance of $586 is required for Binance coin to have another bullish extension to re-test $635-$660.
Binancecoin declined from the key resistance zone of $635-$660.
A sustained price action below $529 will push #BNB price lower to $455-$477.
A daily candle closure above the key daily resistance zone of $635-$660 is required for another bullish extension towards $716, the new ATH.
Intraday Chart
The BNBUSDT intraday chart is in the bearish territory...
Yesterday Binancecoin could not close above $529.
Today, a bullish Bitcoin Dominance put pressure on the Satoshi value of BNB and we saw an intraday pullback to $505.
A daily candle closure above $529 will increase a probability of a continuation of a bullish move up towards $586 and higher towards $600.
An inability to sustain could lead to a re-test of $505...
Hello Traders, welcome to today's analysis of Binance Coin.
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Explanation of my video analysis:
After the break and retest on Binance Coin back in 2020 we saw an insane rally of +10.000% towards the upside. Recently BNB then broke out of a longer term triangle continuation pattern and can now potentially create a similar rally. I am now just waiting for...
BNB Should hold critical support at 200. Otherwise whole crypto market will drop as we observed in FTX collapse.
Disclaimer: The information and analysis provided in this publication are for educational purposes only and should not be construed as financial advice or recommendations to buy, sell, or hold any securities. The author and TradingView are not...
My name is Philip, I am a German swing-trader with 4+ years of trading experience and I only trade stocks , crypto , options and indices 🖥️
I only focus on the higher timeframes because this allows me to massively capitalize on the major market swings and cycles without getting caught up in the short term noise.
This is how you build real long term...
My name is Philip, I am a German swing-trader with 4+ years of trading experience and I only focus on price action and market structure 🖥️
I am trading the higher timeframes because this allows me to massively capitalize on the major market swings and cycles without getting caught up in the short term noise.
This is how you build real long term...
With the low of wave (2) in magenta, Binance should have finished a longer descending phase. Thus, we expect the altcoin to advance significant upwards movement, heading for the resistance at $398.20. This mark should be conquered in due time, so that the top of wave (3) in magenta can be reached. However, a 30% chance remains that Binance could slip below the...
It seems that the upward movement of BNB is not strong enough to move away from the bottom of the ascending channel. So, it is constantly at the risk of losing the bottom of the channel and reducing the price to 255 or even lower, and it is not possible to make a hopeful comment about it!
Note that this is a personal...
![BNBUSDT.P: Binance Coin BNB Technical Analysis [April 2024]](https://s3.tradingview.com/g/GJ0UsLEM_mid.png "Binance Coin BNB Technical Analysis [April 2024]")
