I drew my points on the chart. The ascending trend line is broken and we have 600$ support. If 600 breaks downward we're going down to 570 then 550 and eventually 500 is the next stop
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Technical Confluences for Trade: - Stochastics are in Overbought Conditions on H4 time-frame - Price action is close to a Resistance Trendline & a Consolidation are - Price action may reverse back towards the previous Demand Zone Suggested Trade: Entry @ Area of Interest 560 - 570 SL @ 580.66 TP 1 @ 552 (Close Half-Position & move SL to Entry level once TP1 is...
We can attempt to short BNBUSDT from specified level if it break last HL , also there is bearish divergence indicate that it move downward. SL , TP mention in chart.
Dear Respected Traders, we hope this communication finds you well. we are convening a discussion focused on BNB #BNBUSDT is on a support level in the 4 hr time frame. Soon we will see a bullish move of 70% #Bitcoin #Crypto #Ethereum #Cryptocurrency #CryptoTrading
hi traders Let's take a look at BNBUSDT. The chart is very self-explanatory. Buy at the bottom of the range and sell at the top of the range. Expecting the support to hold and give traders a chance to buy at the support again. If support fails, it may go much lower, so don't forget to put a stop loss ! Good luck
BNB Harmonic Pattern Analysis BNB recently completed a large harmonic pattern on the 4-hour time frame. This pattern was completed near 618. The harmonic pattern signals the potential for a deeper correction. Traders should be cautious as it suggests a potential downtrend. A minor bearish zone is identified around 592. Target Zones: The normal target zones...
We are monitoring the push on Binance Coin, where the price is going towards that upper resistance zone. While it is early to say, we are looking for a rejection, and if we see one, we will be looking at a good downward movement towards 100 & 200 EMAs. Swallow Team
BINANCE:BNBUSDT has been consolidating over the month now. It is heading toward the bottom of the consolidationg zone. As you can see, the market made impulse leg. I think the market might move down to retest lower prices down to 500. We can expect the market to retest the previous month low from the trendline and swap zone. If the price rejects the resostance...
Hello my dear reader, we are doing candlestick reading now and we will focus mainly on recent price action. I hope you are having a nice weekend. Sometimes we focus on Elliott Wave Theory as the main system we use for charting/sharing. At times, we focus on the moving averages, oscillators and trend. At other times, we look at correlated markets and so on; when...
BNB - 100K Oi rise if price face value break down at re-test to POC we should take SHORT In a video i shared my plan on BNB and how i was wrong about direction I think that Open interest that enter at $569 -$616 area might be for short in that case price can drop a lot
Binance Coin is still looking sweet after that fakeout breakdown of EMAs. Now we are approaching those lines again after another rejection from the upper resistance zone. We are keeping an eye on those EMAs for a potential breakdown, and if we get one, we should see further movement to lower zones here! Swallow Team
The news of Binance's billionaire founder, Changpeng Zhao, being sentenced to four months in prison after pleading guilty to charges of enabling money laundering at his crypto exchange could potentially trigger a selloff in BNB. This development raises concerns about the governance and regulatory compliance within the exchange, which may lead investors to...
Binance's CEO Changpeng Zhao has been sentenced to four months in prison. CZ Set to Spend Four Months in Prison After pleading guilty to one count of violating the Bank Secrecy Act earlier in November 2023, the former Binance CEO in the person of Changpeng Zhao was sentenced to four months in prison by Judge Richard Jones for failure to establish robust...
The 4-hour chart for Binance Coin (BNB/USDT) shows that the price is currently oscillating within a relatively tight trading range. The price is currently at $569.6, with the chart indicating a primary resistance (R1) at $649.1 and a strong support (S1) at $490.8. A secondary support level (S2) is identified further down at $349.9. The price has rebounded...
BNB printed a triple top some days ago, broke a support and now it's placed right in the fibonacci zone of the pullback. A good downward reaction of the price from here could bring the price down to 560 usd.
seems like bnb getting ready for solid rally bnb showing strength while others alts are crashing moving towards descending trendline and expecting upside breakout too incase of successful breakout expecting 25 to 30% bullish wave in coming days
Hello Trader BINANCE:BNBUSDT.P bullflag area, not valid to breakout upwards yet. confirm breakout area 605.43. but if you want market price, go ahead take profit 7% stop loss 2% Please add a comment and Positive feedback and constructive criticism are important to authors and the community. Disclamer: Not Financial Advice