Binance Coin (BNBUSD) has been in Accumulation Mode since early March (March 11 1W candle), trading sideways within initially the Mayer Multiple Bands (MMB) Mean (black trend-line) and the 1st SD above (grey trend-line) and more recently the latter and the 1W MA50 (blue trend-line).
With reference to the 1W MA50 in particular, not only has it been the support...
Analysis: BNB/USDT continues to trade within a well-defined descending channel on the 2-hour timeframe. The price has recently bounced off a significant support zone around $498 - $505, suggesting buyers are stepping in at these levels. The bounce is taking place from the lower boundary of the channel, and there is potential for a move towards the upper trendline...
The daily chart for BNB highlights critical levels where buy opportunities may arise (green lines) and where sell pressure could increase (red lines). These zones are key for traders looking to capitalize on potential price movements in either direction.
Disclaimer: Trading involves risk, and past performance is not indicative of future results. Always conduct...
🔍 Technical analysis: Suspicious of the reverse head and shoulders pattern
- In the analysis presented in the previous post, the target exactly touched the bottom of the channel, which then met demand and caused a 110% growth.
- Considering that the recent corrective wave had a correction of 0.23 fibo of the previous wave, so we should expect an upward...
🔍 Technical analysis: Completing the corrective leg C
- In the analysis presented in the previous post, after reaching the supply limit, you were faced with selling pressure. After that, it has entered a correction cycle.
- Currently, it is channelized, moving in the downward channel in the daily time frame.
- According to the current correction structure,...
🔍 Technical analysis: Ready for a pullback from the liquidity zone to the broken structure
- According to the analysis of the previous post , TIA currency is moving in a downward channel.
- As can be seen, lower floors and ceilings are forming, which further reinforces the bearish view.
- Currently, in the 1D time frame, it is in the liquidity zone, which...
🔍 Technical analysis: Daily FVG gap
- According to the analysis presented in the previous post, after creating demand in the green box area, it grew to the supply area.
- Currently, according to the structure formed in the supply area, a twin roof with a shorter roof is observed.
- But in the 8H time frame, it is moving in a descending channel. Demand has...
🔍 Technical analysis: Support zone failure
- In the 4H time frame, after not being able to break the supply area, it has faced selling pressure.
- Currently, a bullish pattern is observed, which has extended to the supply area.
- Therefore, any pullback to a broken structure can face selling pressure again.
- So we should see an increase in selling pressure...
Focusing on long setups, here is the daily chart of Binance Coin (BNB) against Tether (USDT). Here is the interpretation:
The chart shows a horizontal support line near the $461 mark, which has been tested multiple times. This area is crucial for maintaining the overall uptrend.
An ascending trendline starting from prior lower levels is shown, providing...
After examining the BNB/USDT chart with a focus on its recent technical movements, here is my detailed analysis:
Trend Analysis: The chart displays a distinct downward trend beginning from the recent high in July 2024. The presence of lower highs, as marked by the descending trendline, suggests continued bearish sentiment. Notably, the price attempted to recover...
Hello everyone, I invite you to a quick review of the BNB to USDT chart on a one-day time frame. As you can see, the price has set a new local upward trend line, which is important to stay in the upward phase.
After unfolding the Fib Retracement grid, you can see that the price rebounded from the level of $524, then the second support is at $500, the third...
My view for CRYPTOCAP:BNB (Binance Coin)
This coin hit my TP1 and TP2 for $540 and $520 yesterday.
The question is: looking at the chart today, is it possible that BNB will hit $520 again?
Trade with risk management.
Hello Traders,
I'm excited to share my analysis on BNBUSDT using the weekly timeframe.
Looking at the right chart on a standard scale, it's easy to feel confused 😕 as the broader picture is hard to see. However, switching to the logarithmic scale on the left chart, patterns and channels become much clearer. From this perspective, I anticipate that BNBUSDT could...
BINANCE:BTCUSDT has seen a bullish momentum recently, largely supported by a dovish outlook from the Federal Reserve. The Fed is now expected to implement further rate cuts by the end of 2024, which has softened the U.S. Dollar and, in turn, boosted BTC and gold prices. In addition, geopolitical uncertainties, such as the attempted assassination of a political...
Bitcoin is now trading inside a wedge!
$62-60K is support zone. Bullish above the support and will touch the wedge resistance line if $62k hold!
Bearish scenerio : IF we loose $60K support, next target will be $55-53K zone.
