BNBUSD SELL ANALYSIS RISING WEDGE PATTERNHere on Bnbusd price has form rising wedge pattern and likely to when line 561.9 break so going for SHORT needed with target profit of 548.9 and 535.5 . Use money management
BNBUSD.P trade ideas
BNB Poised for Wave 5 Surge: A Golden Setup or Last Call to ExitBNB has made a decisive move, breaking its trendline and completing Wave 4 in a classic Elliott Wave triangle. For those new to Elliott Wave Theory, Wave 5 represents the final push in the current trend, typically leading to impressive gains. Currently, Wave 2 of 5 is nearing completion, and this sets the stage for Wave 3 of 5, often the most powerful wave in terms of price action.
However, hereโs the critical point: if BNBโs long-term support is decisively broken, thatโs the clear signal to exit. Stay informed on both the opportunity and the risk!
BNBUSD: Neutral on 1D but ready to explode.Binance Coin may be neutral on its 1D technical outlook (RSI = 50.922, MACD = 14.240, ADX = 37.132) but this consolidation is a build up to a potential price explosion, as the market tested and held the 1W MA50 in August. This is a similar pattern followed in October 2020 and before that in 2017, which led to the cylical rally to a blow off top. On each Cycle it is logical that the rallies will be shorter (diminishing returns). The first rally covered a full 1.0 Fibonacci range, the second 0.5 and it won't be unrealistic to expect 0.25 this time (50% less each time). Consequently, we expect the 1.75 to be reached this time (TP = 4,500).
## If you like our free content follow our profile to get more daily ideas. ##
## Comments and likes are greatly appreciated. ##
Bearish Reversal Setup for BNBUSD - Targeting Key Support at 472Description: In this daily analysis of BNBUSD, several bearish indicators suggest a potential decline towards the $472 support level:
Bearish Divergence on RSI: The RSI is showing bearish divergence, forming lower highs while the price has formed higher highs, indicating weakening momentum and a potential trend reversal.
Resistance at $607 - $628: The price is currently facing strong resistance within the $607 - $628 range. This resistance zone has previously acted as a supply area, and the recent rejection indicates that sellers are in control.
Double Top and Descending Triangle Formation: The recent price action suggests a potential double top formation around the $620 level, coupled with a descending triangle pattern, which are both bearish signs.
Price Target at $472: If the bearish scenario plays out, we can expect the price to move towards the key support at $472, which represents a strong area of demand.
Trading Plan:
Entry: Consider a short entry if the price breaks below $593 or on a confirmed retest of the resistance zone.
Stop-Loss: Set a stop-loss above $628 to manage risk.
Target: The primary target is $472, with potential for further movement depending on market conditions.
Remember to manage your risk appropriately, as market conditions can change quickly.
Disclaimer: This analysis is for educational purposes only and should not be considered financial advice. Always conduct your own research or consult a financial advisor before making trading decisions.
Binance Coin - We Will See The Bullish Breakout!Binance Coin ( CRYPTO:BNBUSD ) is hugging the previous all time high:
Click chart above to see the detailed analysis๐๐ป
Binance Coin has been hugging the previous all time high resistance for a couple of months in a row. Therefore it is quite likely that a bullish breakout will happen soon and following the previous pattern entry, Binance Coin could even hit 5 digits during the next crypto bullrun.
Levels to watch: $620, 20.000
Keep your long term vision,
Philip (BasicTrading)
ANTICIPATING TRADEAnticipated trade, by applying following trading strategy:-
1. Bullish trend
2. Bearish divergence
3. No continuation pattern
4. No reversal pattern
5. Bearish butterfly harmonics
Anticipated bearish divergence and initiated two trades by using sell stop
BNBUSD View!!The cryptocurrency landscape is rapidly evolving, with new trends emerging and key players constantly shifting their strategies. Two tokens currently gaining attention are Binance Coin (BNB) and GoodEgg (GEGG), an AI-powered dating platform token. Binance whales, known for their significant influence on the market, are now taking positions in GoodEgg (GEGG), signaling confidence in the future growth of this innovative cryptocurrency.CZโs Release: A Catalyst for Binance Coin (BNB)
BNBUSD- Traingle break outIntraday bias - Bullish
Horizontal trend line- $605
Any close above $520 confirms intraday bullishness.
Indicators ( Hourly chart)
Directional movement index -Bullish
CCI (50)- Bullish
CCI(14)- Bullish
It is good to buy on dips around $500 with SL around $470 for TP of $605.
[Crypto Currency] The forecasting of price movement of BNBUSD The forecasting of price movement of BNBUSD on Sept 08th, 2024
BNB crash -30%I looked at the situation on the 2w chart and the memory image reminded me of something. And what I remembered will be added to the chart.
The details of the waves are similar
***This could be wrong***
MD
BNBUSD more consolidation but long-term cyclically targets $2000Binance 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 since the late December 2023 bullish break-out but was successfully tested and held on the most recent pull-back, the August 05 Low.
This solidifies its position as the Support throughout the remainder of the Bull Cycle, which was in fact also the case during the previous Cycle where BNB had the final accumulation phase (blue ellipse) from September to December 2020, again within the same MMB - 1W MA50 zone, which initiated the most aggressive part of the Cycle (parabolic rally).
That rally peaked on the MM 3rd SD above (red trend-line) so a $2000 price tag, which will 'only' come close to the 2nd SD (orange trend-line), appears to be a realistic Target.
In addition, the Sine Waves serve as an excellent tool in roughly estimating the timing of the Cycle's peak, as it was very efficient during the previous two Cycles. That could be anywhere around June 2025.
-------------------------------------------------------------------------------
** Please LIKE ๐, FOLLOW โ
, SHARE ๐ and COMMENT โ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. **
-------------------------------------------------------------------------------
๐ธ๐ธ๐ธ๐ธ๐ธ๐ธ
๐ ๐ ๐ ๐ ๐ ๐
BNB Ready to Soar: Is A 24% Take-off Ahead?It might be early days, and the levels might not be perfect, but it appears that Binance Coin is forming an inverse head and shoulders pattern. Other coins, like Super and Phantom, are creating similar horizontal patterns, which typically provide better trade opportunities than breaches trend lines or moving averages. In addition, as we move into the fall in the Northern Hemisphere, we can expect trending markets to resume. It may take a few days to weeks for the right shoulders to form, but if a breakout occurs with the price breaking above $603, it could reach as high as $747, based on the current pattern.
This content is not directed to residents of the EU or UK. Any opinions, news, research, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. ThinkMarkets will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
BNBUSD BUY TREND LINE SIGNAL On Bnbusd price has been in uptrend and and still moving up and has made a support around area of 576.6 so there is chance of moving up more and going for LONG is needed and targeting profit should be around level of 598.0 .Use money management
Final Warning! Binance Coin Crash ImminentGood morning my fellow trader... The title says it all!
I hope you are feeling wonderful today and tomorrow as well.
I hope that you had a nice day yesterday and that your week is filled with success.
Indeed... We can be successful in this business if we know what is going to happen before it happens... Don't you think? I do!
โ Support is now lost.
This is one of those "big altcoin projects."
๐ This is the biggest altcoin in some ways... Billions upon billions in market capitalization; this is great. Money will flow from this project to the smaller projects, it is a win-win-win-win situation... The market moves cycles; nothing more, nothing less.
This is just a friendly reminder; prepare for the crash .
Remember, you are Divine.
You are appreciated...
You are eternal... You can never die.
Namaste.
BNB potential HUGE SHORTThere is potential Wyckoff distribution range with a monthly bearish MACD divergency, so as a rules trading in range - range high deviation lead to range low deviation.
Maybe we about to step into Bearish trend crypto market, lets see, cuz in the end of the day its the game of probabilities =)
Inverted H & SA bullish pattern is forming at 4h time frame.
If we break 595.5 we could see BNB at $631.
Long- 597 $
TP- 629.5 $
$BNB to retest $700 ATH, $1k? RocketBinance token is poised to smash through its recent ATH of $700. Rivaling NASDAQ:NVDA YTD performance- with none of the momentum risk.
This company is extremely well positioned for the bull run and has been basically up only since resolving the CZ verdict. Most Americans retail investors are unaware of this company or tone deaf to the opportunity. New charts this week!
BNB 18% sorry published late Bullish case BNB Asc Tri broken out
I drew this last week before the break up but did not publish it
Not advice only educational purpose only
Happy that the alt market is back
$BNB Swing Trade?Crypto is looking bullish and im here for it.. CRYPTOCAP:BNB is a longer term swing trade id be interested to adding on to this trade if it continues to make higher higher week by week... what's your thoughts?
$BNB WholeSaleWe may get some Consolidation on CRYPTOCAP:BNB but overall we have a swing low and swing high. #BuyWholesaleSellRetail
BNB LONG OPPORTUNITYLooks like price is coming out of this fallen wedge pattern
and descending channel
We have a nice opportunity here!
LEVERAGE & SPOT
Take profits on the double
BNBUSD $2000 is a very realistic target for Q4.The Binance Coin (BNBUSD) is has been accumulating since basically early March (March 11 candle), trading sideways within the Mayer Multiple Bands (MMB) Mean (black trend-line) and the 1st SD above (grey trend-line). The 1W MA50 (blue trend-line) has been the support since the late December 2023 bullish break-out.
That should be the Support throughout the remainder of the Bull Cycle, in fact that was also the case during the previous Cycle where BNB had the final accumulation phase (blue ellipse) from September to December 2020, again within the same MMB zone, which initiated the most aggressive part of the Cycle (parabolic rally). Observe that the 1W MACD formed the same pattern almost.
That rally peaked on the MM 3rd SD above (red trend-line) so a $2000 price tag, which will 'only' make contact with the 2nd SD (orange trend-line), appears to be a realistic Target, even by the start of Q4 2024.
-------------------------------------------------------------------------------
** Please LIKE ๐, FOLLOW โ
, SHARE ๐ and COMMENT โ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. **
-------------------------------------------------------------------------------
๐ธ๐ธ๐ธ๐ธ๐ธ๐ธ
๐ ๐ ๐ ๐ ๐ ๐
Binance Coin - The $70.000 price target is real!Hello Traders and Investors, today I will take a look at Binance Coin .
--------
Explanation of my video analysis:
Back in 2020 Binance Coin created a decent bullish break and retest of a horizontal structure which was followed by a rally of 10.000% towards the upside. After this rally, which ended in April of 2021, Binance Coin has been trading sideways ever since. Currently it seems like Binance Coin is preparing another bullish breakout, which could lead us all the way up to $70.000 in the future!
--------
Keep your long term vision,
Philip (BasicTrading)
