Symmetrical TriangleWait for breakout and breakdown, manage your trade according to your portfolio. Thank youLongby theexpertanalyst4
BNBUST | Short H4 | Market Exec |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 achieved) TP 2 @ 535.15 Risk-to-Reward @ Approx. 2.18 (Depending on Entry Level) ________________________________ Boosts 🚀, Follows ✌️, Shares 🙌 & Comments ✍️ are much appreciated! If you have any ideas or charts, do share them in the 'Comments' section below and we can discuss our perspectives to improve or strengthen our strategies. If you want something analyzed, do drop me a DM. :D ________________________________ Disclaimer: The above suggestion is an personal opinion in general and does not constitute as investment advice. Any decisions taken based on the above suggestion is purely your own risks. Any websites / brokers / applications suggested here are also provided as informational purpose only. ________________________________Shortby weekendanalystUpdated 225
BNB Bulls Eye Breakout: Will Binance Coin (BNB) Surge Past $660?Binance Coin (BNB) has emerged as a standout performer, showcasing significant price movements over the past few years. From its early days at around $50 in November 2020 , BNB has experienced dramatic highs, bringing significant opportunities for investors. BNB's journey has been nothing short of remarkable. After climbing to an impressive $696 peak in May 2021 , the subsequent bearish market took its toll, driving the price down to a low of $200 in June 2022 . The coin then faced a resistance level of $340 , appearing as a double top pattern before retracing back to the yearly support of $200 by October 2023. However, the tide turned in favor of BNB as the broader crypto market regained momentum. The resurgence propelled BNB to new heights, surging to an all-time high of $640 . Currently, BNB has found solid support at the $500 level, a critical juncture that could pave the way for further upward movement. I am closely monitoring BNB's recent price action, particularly as it hovers around the $590 resistance zone . A breakout above this level could set the stage for a significant rally towards the next resistance point at $620 . If BNB manages to breach this barrier, experts anticipate a clear path towards surpassing its previous all-time high to a new price $700 and potentially even higher. Looking at the weekly timeframe chart, the $500 support level holds key significance. Should this level remain intact, market sentiment suggests a bullish breakout scenario, targeting ambitious price goals beyond the current resistance. Investors and traders are advised to keep a close watch on BNB's performance in the coming days, as market dynamics continue to shift rapidly. With the broader crypto market showing signs of upward momentum, Binance Coin stands poised for a potential breakout, setting the stage for an exciting period of price discovery and market activity. As always, it's crucial for participants in the crypto space to exercise caution and conduct thorough research before making investment decisions. The inherent volatility of cryptocurrencies underscores the importance of staying informed and adapting to evolving market conditions.by Z4F4R4
Chart 3 of 5: BNBUSDT BULLISH RECTANGULAR CONT.PATTERNBNB is in a bullish rectangular continuation pattern and trading in a range between 497 and 645 which most probably going to go rise as per technical formation. A buy stop order at break of current resistance will be most appropriate. Longby billly4u6
Binance Coin Price DiscoveryBinance is set to make ATHs in our estimations. There is not much to say here, fundamentally all roadblocks at Binance are in the past, and technically we like the chart. GLLongby rexlomax4
HelenP. I Binance Coin will continue to grow to $605 pointsHi folks today I'm prepared for you Binance Coin analytics. Some days ago price entered to consolidation, where it first rose to the resistance level, which coincided with the resistance zone, and then at once rebounded from to support level. After this movement, BNB turned around and made an impulse up to the resistance zone, after which it in a short time declined to the trend line, thereby exiting from consolidation and breaking 620 with 550 levels. Then the price turned around and rose higher than the 550 level, breaking it again, but soon fell back to the trend line, after which BNB made impulse up to almost the resistance level, finally breaking the 550 level. After this movement, Binance Coin turned around and in a short time declined to the trend line, breaking this line and fell to the support zone, after which it not a long time ago exited up, and now price trades near the trend line. For my mind, Binance Coin will little correct and then the price can continue to move up. That's why I set my target at 605 points. If you like my analytics you may support me with your like/comment ❤️Longby FirstNameHelen117
BNB analysis I drew my points on the chart. The ascending trend line is broken and we have 600$ support. If 600 breaks downward we're going down to 570 then 550 and eventually 500 is the next stopShortby FaridFirouzianUpdated 2
ALSO check BNBUSDT THIS CHART FOR GOOD MOVES..AND PROFITS..hello traders, keep eyes on bnbusdt chart for capturing for making good profits.. check my bitcoin level or analysis for your bnb views.. bitcoin chart helps you for the next move in (bnbusdt) if you want to make good profiys... AND FOLLOW MY PAGE FOR UPDATES OF CRYPTO.. by vikashsharmaxz0
BNBUSDTWe 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.Shortby SignalEdgeUpdated 0
BNBUSDT - trading in the rangehi 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 luckLongby vf_investment6
BNB/Binance Coin - Harmonic Pattern AnalysisBNB 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 for this pattern are located near 578 and 553. These levels are crucial for traders to watch closely. Considering the daily chart, there is a possibility that the price may decline further to around 510 in the coming weeks. You may find more details in the chart! Thank you and Good Luck! ❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️ Shortby KlejdiCuniUpdated 3323
Binance Coin(BNB): Looking For ShortWe 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 Shortby SwallowPremiumUpdated 6
Lingrid | BNBUSDT consolidating MARKET. ShortBINANCE: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 zone by forming long tailed bar or engulding candle then we can look for confirmation to short. My goal is the support level at 520.00 Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻Shortby Lingrid1112
✴️ Binance Coin: Bearish SignalsHello 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 we combine all these signals, a clear picture shows up. ➖ Binance Coin (BNBUSDT) first bearish signal came in 16-March. A very strong bearish candle showed up leading to four red days. ➖ A bounce led to a lower high 12-April. This 12-April session is the second signal. This lower high is a Doji with a volume breakout. ➖ Today's session works as confirmation because now BNBUSDT is moving below EMA10. (Bearish continuation.) Summed up: 👉 We have a strong drop that leads to a lower high and the continuation of the bearish move. Namaste.Shortby AlanSantanaUpdated 4421
Binance Coin(BNB): Multiple Rejection From Upper ResistanceBinance 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 Shortby SwallowPremiumUpdated 3
BNB Faces Potential Sell-Off Following CZ's Sentencing TodayThe 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 reassess the risks associated with holding BNB. Uncertainties surrounding the impact of Zhao's absence on Binance's operations and future prospects could further contribute to downward pressure on BNB prices in the near term. My price targets are: $510, $425 and $315.Shortby TopgOptions1
Binance CEO CZ Sentenced to Four Months in Prison, BNB Drops 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 anti-money laundering procedures. The judge rejected the DoJ's 36-month sentence request to reach to the decision. He said, "There needs to be an effort by this court to impose a sentence that's appropriate and reasonable." Considering Changpeng Zhao pleaded guilty and cooperated with authorities, the Federal sentencing guidelines set a maximum sentence of 18 months — under normal circumstances, such a charge would carry up to 10 years in prison. The Department of Justice requested a three-year sentence, arguing that the Binance founder willfully allowed illegal trades on the world's renowned crypto exchange Binance, failed to report thousands of suspicious criminal activities and garnered profits of around $1.6 billion from such transactions. In contrast, CZ's team requested probation and proposed house arrest as an option. After the court hearing, Judge Richard Jones disagreed with the DoJ's request to extend the sentence to three years, stating, "There's no evidence that the defendant was ever informed of illegal activity," . In response, the Department of Justice argued that CZ was aware of illicit activity. While the judge seemed to agree with the 10-16 months prison sentence and 1-3 years supervised release recommended by the Probation Office, the Department of Justice attorney argued otherwise. The Department of Justice stated that it would serve as an incentive for others to break the law on a large scale. The defense attorney reiterated CZ's and Binance's compliance throughout the process. Binance agreed to pay $4.3 billion in fines, while CZ would pay $50 million — a fraction of his $33 billion net worth, according to Forbes. After several exchanges, the judge rejected the DoJ's request for three years and sentenced CZ to four months in prison. CZ's sentencing comes off the back of former FTX CEO Sam Bankman-Fried’s 25-year prison sentence for his role in the collapse of the FTX exchange. In the forgeoing lawsuit, CRYPTOCAP:BNB is showing recovery signs after bouncing from a low of $556.20 to $570.60. The general crypto market is gearing up to the news, considering CZ's and Binance's wide influence in the space. Many expect the crypto market to see a slight recovery from recent dumps following CZ's short sentence.by DEXWireNews2
BNBUSDT.4HThe 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 multiple times from the support level at $490.8, suggesting strong buying interest at this price point. Conversely, resistance at $649.1 has capped upward movements, indicating significant selling pressure at this level. The RSI indicator is in the middle of its range at 36.25, suggesting a lack of strong momentum in either direction currently. The MACD is slightly below the signal line, indicating a slight bearish momentum but not significantly so. For trading, watching how the price interacts with these key levels would be crucial. A break above $649.1 could signal potential for a further upward movement, possibly targeting the previous high near $645.2. Conversely, a break below $490.8 could lead to a test of the lower support at $349.9, indicating a stronger bearish sentiment. Traders might consider positions based on the breakout direction from these key levels, ensuring to use proper risk management strategies to protect against unexpected moves.by MarsSignals1
BNB - Correction incoming?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.Shortby fortune_00Updated 2
bnb getting ready for another bullish rally 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 Longby Worldofchartsfx6
BNBUSDT.PHello 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 AdviceLongby mfiqrihanafi4
BNB/USDT 4HInterval Chart ReviewHello everyone, I invite you to a quick review of the BNB to USDT pair chart, taking into account the four-hour interval. As we can see, the price has broken down from the upward trend line, and now we can see that a local downward trend channel has formed. Please note how the price remained in the support zone from $589 to $576, if this support was broken, the support level is still visible at $556 and then around $523. Looking the other way, there is a significant resistance zone from $601 to $606, then the price must go up through the resistance at $621, which will open the way towards $645. When we look at the RSI indicator, we will see a movement in the side trend channel, where we have bounced off the lower border, while the STOCH indicator indicates a potential upward movement, the beginning of which is visible on the chart.by cryptodailyuk2
Binance Coin can continue to decline to 565 support levelHello traders, I want share with you my opinion about Binance Coin. Looking at the chart, we can see how the price a not long time ago started to rise in the upward channel and soon broke the support level, which coincided with the buyer zone. Inside the channel, BNB rose to a resistance level, which coincided with the seller zone, and soon rose even higher, breaking the 616 level. But later BNB turned around and made a strong impulse down to the support level, exiting from the upward channel and starting to trades in a triangle. In this pattern, the price soon broke the 565 support level and declined to the support line, but BNB at once turned around from the support line and in a short time rose to a higher support level, breaking it again. Next, BNB continued to move up and later reached the resistance level, after which rebounded and declined lower the support line, thereby exiting from the triangle pattern. Now price continues to decline and in my opinion, Binance Coin can make a small move up and then continue to decline to the support level. For this case, I set my target at the 565 support level. Please share this idea with your friends and click Boost 🚀 Shortby LegionQ8116