BNBUSDT today Based on the BNBUSDT chart, we observe that BNB has encountered strong resistance in the 610 - 615 USDT zone (marked in orange), where the price reversed after failing to break through. Currently, BNB is trading around 596 USDT and finding support in the 590 - 595 USDT zone (marked in blue).
Technical Analysis:
BNB may experience a short-term recovery from the 590 - 595 USDT support zone, aiming to retest the resistance zone at 610 - 615 USDT. If BNB fails to break through this resistance, the price is likely to continue its downward correction.
A more bearish scenario could unfold if BNB breaks below the current support zone, potentially leading to a sharp drop towards the 580 USDT level, which serves as the next key support.
Conclusion:
In the short term, if BNB holds above the 590 - 595 USDT support zone, the price may recover and retest the 610 - 615 USDT resistance level.
However, if the price breaks below the current support, a significant drop towards the 580 USDT level may occur.
BNBUSDT.PS trade ideas
BNBUSDT. Trading opportunityHello traders and investors!
Daily Timeframe Analysis:
On the daily timeframe, the sideways movement that began in March continues. The upper boundary is 721.8, and the lower boundary is 495.8. The buyer's vector 10-11 is relevant, with a potential target of 645.2.
Two days ago, the buyer overcame 598 and reached 605.6, where volume accumulation started. If the buyer defends 598, the next targets are 635 and 645.
Hourly Timeframe Analysis:
On the hourly timeframe, there is an uptrend. The level marking the beginning of the last buyer's impulse is 587.9. I will be watching the buyer's reaction at the levels of 598 and 587.9.
Good luck with your trading and investments!
BNBUSDT: Why BNB Remains Bullish and Its Next Potential MoveHi.
BINANCE:BNBUSDT
the BNB is in a ascending triangle now which means the price will increase and also It is expected that the price would at least grow as good as the measured price movement(AB=CD)
Note: we should wait for the breaking of the triangle and than make a move!
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⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
BNB USDTBNB is currently trading at around $603. The chart shows that BNB is approaching a crucial resistance zone on the monthly time frame, indicated by the blue shaded area. If the price momentum continues upward and successfully breaks this resistance, followed by a monthly close above it, we could see a bullish surge. This breakout could lead to significant gains in the upcoming bull rally. However, failure to break this resistance may result in continued consolidation. Stay connected with us for further updates on BNB's movement.
BNBUSDT Downtrend channel BreakoutBNBUSDT has broken and closed above the downward channel, signalling a bullish trend. This movement suggests the market may be factoring in the potential release of CZ, which could further fuel a rise in price. The break above the $600 psychological level supports this bullish sentiment. However, a pullback toward the channel's upper border and the upward trendline is possible. Monitoring price action during this pullback will be key to confirming further upside potential. The target is the resistance zone around 660.0
Lingrid | BNBUSDT Long Signal: Downward CHANNEL breakoutThe price perfectly fulfilled my last idea. It hit the target. BINANCE:BNBUSDT has broken and closed above the downward channel, which is a bullish sign. This move suggests that the market is likely pricing in the potential release of the CZ from jail, and this event could further propel prices to higher levels. Additionally, the price has broken and closed above the $600 psychological level, reinforcing the bullish sentiment. However, I anticipate a pullback toward the channel's upper border, as well as the upward trendline. Once this pullback occurs, I expect the market to continue its upward trend from that point. Keeping an eye on price action during the pullback will be important to confirm the potential for continuation. Mya target is resistance zone around 660.0
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
Set Up for BNB (BinanceCoin)There is a reversed head and shoulders pattern in BNB at the very key point.
Breaking above this struckter will cause BNB to claim daily Orderblock left many days ago.
I left an example position for long entry.
I actually don't recommend a stoploss before closing daily candle below the stoploss level I created but it's your decition.
There is also a short term target for BNB if you are a scalper which is 617 currently the liqudation area.
Good luck.
BNB clear ideal invers head and shouldersmy analysis on BNB forming an inverse head and shoulders pattern . Here’s a more detailed breakdown:
1. Inverse Head and Shoulders Formation:
- The chart clearly depicts a classic inverse head and shoulders pattern, a strong bullish reversal signal. The pattern consists of two lower lows (the shoulders) and one deeper low (the head), indicating a shift from a bearish to a bullish trend.
- Entry Point: As you noted, the price is currently testing the 0.5 Fibonacci retracement level (~562.2). This is a common area for reversals in such patterns, making it a strong entry point for traders looking to ride the bullish momentum.
-TP1 : The first take-profit target sits at the 0.618 Fibonacci level (~622), which is often a critical resistance level. Traders tend to scale out of positions here to lock in profits, especially in case the resistance holds.
- **TP2**: The second target aligns with the 0.786 Fibonacci level (~665.8), which is a more ambitious upside goal, indicating further potential gains if the momentum continues.
3. Retest of Support:
- Before reaching TP1, the price may retest the neckline (currently around 0.5 Fibonacci) to confirm it as support that might be confirmed within few days. If the retest is successful, it would provide additional confidence for traders to hold positions for higher targets.
4. Projected Move:
- After a potential breakout past TP1, a move towards TP2 is probable if bullish momentum sustains. Finally, TP3 could represent the complete head-and-shoulders breakout target, which is the total height of the pattern added to the neckline, pushing prices beyond the current range.
Please make sure about key take away:
- Watch for **volume confirmation** during the breakout.
- Be cautious of **false breakouts**, especially around key levels (0.5 and 0.618), as price could retrace if the line is not touched at least 3 point as It was strong resistance for past few months.
This is a classic bullish setup, and following these levels with proper risk management could be profitable.
BNB-USDT 8h chart review Hello everyone, let's look at the 8H BNB to USDT chart, in this situation we can see how the price has broken out of the downtrend line.
Let's start by setting goals for the near future, which include:
T1 =$627
T2 = $653
T3 = $669
T4 = $724.
Now let's move on to the stop-loss in case the market continues to decline:
SL1 = $587
SL2 = $568
SL3 = $539
SL4 = $516
BNB's Potential Surge: CZ's Release and Buyer Zone AnticipationThe recent developments surrounding CZ's release have sparked optimism across the market, potentially fueling a rise in BNB’s value. As seen in the chart, we are currently monitoring a key buyer zone (marked by the green box), which has been identified as a significant area of interest. If price action confirms this level, it could provide a strong entry point for buyers, aligning with the positive market sentiment following CZ's return.
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BNB TO THE MOONAs a supporter of CZ (Changpeng Zhao), I'm excited to analyze the chart showing the potential strong performance of BNB/USDT following CZ's release. Let's break down this promising outlook:
Technical Analysis
The chart clearly displays a classic "head and shoulders bottom" pattern, typically a strong reversal signal
Left shoulder: Formed around May
Head: The low point in mid-June
Right shoulder: Position from late August to early September
The completion of this pattern suggests that BNB may have ended its previous downtrend and is preparing for a new upward movement.
Price Targets
The marked price targets on the chart are exciting. From the current price of about $588, analysts predict BNB could rise to:
Short-term target: Approximately $709 (a $209 increase, 52.25%)
Medium-term target: An impressive $901 (a $313.4 increase, 52.25%)
Such gains would undoubtedly bring substantial returns for BNB holders.
The CZ Factor
While the chart itself doesn't directly mention CZ, as his supporters, we can speculate that his return to freedom might positively impact BNB's price:
Restored market confidence: CZ's return could boost confidence across the entire cryptocurrency community.
Leadership comeback: His vision and leadership skills might bring new development opportunities for Binance and BNB.
Innovation drive: CZ may push for new projects and improvements, further enhancing BNB's utility and value.