BNB tested the major resistance level and rejected from there. There is also a small uptrend line that is working as support. The first local support is $480 and after that $460 area. The major support still remains in the $435 - $440 area. The next resistance after $500 is $560 and $600 area. Place your buy orders near the support zone.
Now price tightening to resistance Level 510 USD from correction level from 23th May.
In my opinion price will break resistance and go higher, at first to ATH around 700 USD.
And after that price can hit 1.618 fib resistance at round price of 1000 per token.
If you have any questions, you can write it in comments below and I will answer them.
And please dont...
Price is ranging in a nice uptrend respecting the support line and breaking through the resistance at $455. MACD is in a bullish territory, RSI is bought and price is above EMA ribbon which are all bullish indications. Price is currently testing a daily supply zone where it struggled a bit to break into, however i am looking forward to price closing above that...
The BNB has tested the major resistance level and rejected it. There is also a small uptrend line that acts as support. The first local support is $ 480, followed by the $ 460 area. The main support is still the area of $ 435–440. Place buy orders near the support zone.
Have a nice trade!
Your Solldy.
BNB is currently heavily influenced by BTC on the chart, BTC is currently heavily influenced by cryptocurrencies and such situations are perfectly normal
There are two possible scenarios for BNB.
1- Go down to the range of 0.618 Fibonacci and then be on the way up to ATH.
2- Make a short correction to the range of the first green box, then move to ATH
This is a wonderful opportunity to enter into BNB. We can see the wind up of the spring (range contraction leads to range expansion) and a pull back on the daily uptrend.
This project has been holding back as other players like SOL and LUNA fly high... it's about time for BNB to take off ✈️
Hi everyone,
This is my description:
Purple Lines: Support & Resistance (for a week) “VERY IMPORTANT”
Blue Lines: Support & Resistance (for a day) “IMPORTANT”
Orange Lines: Support & Resistance (for a 4H)
Thanks for your attention.
Hello guys
Congratulations to everyone on the new Bitcoin ATH
In here we are in rocket for jump the price , toward our target we have minor resistance to break and can reach the last ATH and hit new ATH , we think in these 2-3 days later we can jump toward the first target
Dont forget use stop loss and money management
Good Luck
Abtin
BNB is the first coin to show an uptrend. And by far the most interesting coin for investors.
The price broke through and tested the trend line as support. This was a good buy signal.
The local resistance is now on the chart at $519. If the price breaks it, the next target will be the historical high.
Write in the comments all your questions and instruments...
BNB first broke the declining trendline and we had a perfect retest of support.
No we are at horizontal resistance and if we can break this resistance we can move up easily about 15%
My target is 600
Thanks for taking your time to check out my idea 😎😎! Often, my ideas are fast gone from the front page because there are so many ideas on the platform and the algo...
On the 4-hour candle chart, BNB is still looking very strong. Key-level at 500 USD is on the verge of breaking. I believe if this critical level is broken, the trend can continue strongly upwards. Other cryptos look also very strong which indicates good vibes for BNB. Maybe we can see the breaking of the ATH before next year?
BINANCE
