BNB/USDT - (25-12-2024) G-Money's short version analysis basedBNB/USDT G-Money's short version analysis based purely on technical analysis only, no nonsense or "BS".
I do totally ignore any fundamental analysis, technical analysis only
BNB/USDT still possible that is going return to the Enter level ... It is not too late to enter at the right time...
What do you think? Comment and share your thoughts please!
Chart is itself explaining. Kept a "KISS" approach all the way ( "Keep It Simple, Stupid") & beginners friendly... ;)
I do hope that nobody ignoring SL ( Stop Loss) ! Without it, It is a fastest way to loose hard earned money...
PS: above technical analysis is done for the community & educational purpose only! It is not a financial advice. Just share my very own insight to it.
Merry Christmas to ALL !
BNBUSDT trade ideas
BNB Analysis: Breaking Key Resistance Levels Upside PotentialHello, this is Greedy All-Day.
Today’s analysis focuses on BNB.
Weekly Chart Overview:
Since December 4, 2024, BNB has broken out of its descending resistance trendline. While there hasn’t been a significant rebound yet, there are strong indications of further upside potential.
First, the long lower wick indicates that the Ichimoku Cloud support has been successfully tested. Following this, BNB stabilized above the daily 20 EMA, with a supportive bounce leading to the breakout of the descending resistance trendline.
2-Hour Chart Analysis:
Looking at the 2-hour chart, we can see that BNB not only broke through the descending resistance trendline but also breached the upper boundary of the red box supply zone.
This area had previously served as resistance during the rebound just before the sharp drop. The simultaneous breakout of both the resistance trendline and this supply zone suggests that BNB has entered a new frame of price action.
When we examine the orange box to the left, we can determine that this new frame ranges between 705 and 738. However, there’s an intermediate resistance level at the midpoint of the range, which is highlighted with a green box.
For BNB to reach the upper boundary of 738, it needs to break out and stabilize above the green box. The top of this green box is estimated to be around 722.
Conclusion:
The markets, both stocks and cryptocurrencies, are exploding like Christmas presents this season.
Wishing you all the best in your trades and a wonderful holiday season! 🎄
BNB thesis investment BNB Trading Thesis: Opening a Long Position
📊 Current Price: $707.00
🔍 Confidence Level: 75%
📈 Action: OPEN LONG
🔒 Stop Loss: $695.00
🎯 Take Profit: $800.00
🚪 Exit Point: $750.00
🔗 Correlation with BTC: Neutral (0.00)
1. Market Overview
Binance Coin (BNB) is currently priced at $707.00, presenting a compelling opportunity for traders. With a 75% confidence level, the analysis suggests a favorable environment for initiating a long position.
2. Rationale for Opening a Long Position
Neutral Correlation with Bitcoin: BNB's neutral correlation with BTC (0.00) indicates that its price movements are independent of Bitcoin's volatility. This diversification can be advantageous in mitigating risk associated with Bitcoin's market fluctuations.
Technical Analysis: Recent price action shows strong support around the $700 mark, with upward momentum indicating potential for further gains. Key resistance levels suggest that a move towards $800 is achievable.
Fundamental Strengths: Binance continues to expand its ecosystem, introducing new services and partnerships that bolster BNB’s utility and demand. Increased adoption within the Binance Smart Chain (BSC) ecosystem can drive BNB’s value higher.
Market Sentiment: Positive sentiment driven by institutional interest and favorable regulatory developments supports the bullish outlook for BNB.
3. Risk Management
Stop Loss at $695.00: Positioned below a key support level to limit potential losses if the market moves against the trade. This provides a tight risk management strategy given the current price of $707.00.
Take Profit at $800.00: Targets a significant upside based on technical resistance levels and projected market growth, offering a substantial reward potential.
Exit Point at $750.00: Serves as a strategic point to secure profits or reassess the position if the market shows signs of slowing momentum before reaching the take profit level.
4. Position Sizing
Current Open Positions: With no existing long or short positions, the full capital allocation can be directed towards this trade without overlapping exposures.
Open Position Value: Starting with $0.00 allows for flexible capital deployment based on individual risk tolerance and portfolio size.
5. Conclusion
Given the 75% confidence level, neutral correlation with BTC, and robust support from both technical and fundamental factors, opening a long position on BNB at $707.00 with a stop loss at $695.00 and take profit at $800.00 is a strategically sound move. The exit point at $750.00 provides a balanced approach to securing profits while allowing for potential further gains.
📈 Trade Summary:
Entry: $707.00
Stop Loss: $695.00
Take Profit: $800.00
Exit Point: $750.00
Risk/Reward Ratio: Approximately 1:1.42
🔮 Prediction Overview
With a 75% confidence level, the analysis suggests a bullish trend for BNB. Initiating a long position at the current price of $707.00 positions investors to potentially capitalize on upward momentum.
BNB analysis:bearish movement ahead?We can see that BNB has started a bearish channel recently which hasn't been broken yet! so if we observe closely and take a look at RSI we can find out It's gonna stay in the channel for now, cause there is a possibility of a Bearish cross between RSI & RSI MA Which means the Bearish trend shall continue for now.
you can see that BNB reacted as expected in the past few times to RSI so we can be sure of the next movement.
Lingrid | BNBUSDT biding TIME Before the Next BIG MoveBINANCE:BNBUSDT is showing strong bullish momentum on the daily timeframe, consistently making higher highs. Meanwhile, on the 4H timeframe, price action shows a sideways movement following a surge that broke out of a prolonged consolidation zone. The price is forming a bullish flag pattern which suggests that this could be a continuation of the upward trend. Currently, the price is testing a downward trendline, and if it breaks and closes above this trendline, it could lead to an extension of the recent upward movement. Additionally, the daily timeframe indicates that liquidity was taken below the previous low at 640, which often signifies increased buying pressure, supporting the potential for a move higher. My goal is resistance zone around 745.00
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
BNB goes to $1,000 ?Through the ups and downs , all we see is BNB maybe one of strong crypto coin that still having pretty solid supporters.
Now (Dec 25th 2024) we're still hovering near resistance level $700-$750.
Look at XRP , BGB, and other coins that been through long long long time in sideways , we should suspect that BNB will soar high anytime soon!
BNB $1,000 is real ?
BinanceUSDT Finds Footing: New ATH on the Horizon?BinanceUSDT is finding strong support at the trendline and the 100 EMA, acting as dynamic support.
The price shows strong potential to break the nearest resistance and aim for a new ATH.
Monitor it closely for upcoming moves, and don’t forget to follow us for more updates.
BnbBnb usdt Daily analysis
Time frame daily
Risk rewards ratio >1.5 👈👌
Target 900 $
Bnb exited from parallel lines that was moving up and down and reached to new high on 795$
Then dropped to middle of parallel and raised to reach new target
Nowadays we hear many good news about corporations between Binance and companies that makes bnb continue stronger than ever
BNB Bull Run Prediction WeeklyBNB is being used widely in the binance platform it self which has pretty big BNB community. Thats a side, price is finally performing a break out after 4 years with 4 rejeceted price levels...
Okay thats great but How can we predict the possible tops? I've used fib levels 1.618 and 2.618 in the chart as u can see.
What if Run Fails?
I don't know if possible but if ever bnb comes to 200 dollars and below there will be insane amount of buying pressure. Possibly Banks and instutions will use that level to push the price back to 1k
This bull run, likely will lead bnb coin to 2x easily, But why it cant do 10x 20x 30x just like before?
Well with the increased market cap, i dont think we will see those old insane profits anymore, especially in big coins like btc solana ethereum xrp and bnb and more.
My analysis is just to look back and see my mistakes. This is just a diary.
BNBUSDT.1DThis analysis of the BNB/USDT trading pair focuses on evaluating the cryptocurrency's performance and identifying potential technical levels that could influence future price movements. The analysis is conducted using daily chart data.
Price Action and Trend:
BNB has exhibited a consistent upward trajectory supported by a solid ascending trend line, signaling bullish momentum. Recent price action shows a pullback from the recent high, approaching the primary support level, which may indicate an impending retest or reversal.
Key Technical Levels:
Resistance Levels (R1 and R2):
R1: $724.27 - This level has served as a recent peak. Breaking this could propel prices towards the next major resistance.
R2: $820.88 - A breach of R1 could set the stage for a move toward this higher resistance, marking a new potential high.
Support Levels (S1 and S2):
S1: $586.03 - Currently serving as the primary support; a crucial level for maintaining the ongoing bullish trend.
S2: A further decline could test this deeper support level, providing a secondary buffer against bearish trends.
Technical Indicators:
MACD: The Moving Average Convergence Divergence is above the signal line but shows signs of convergence, suggesting a potential slowdown in the bullish momentum or the beginning of a bearish phase if it crosses below the signal line.
RSI: The Relative Strength Index is moderately positioned at 53.17, indicating neither overbought nor oversold conditions, providing room for movement in either direction without immediate pressure.
Volume and Market Sentiment:
The volume has been relatively consistent with some spikes on price movements, indicating active trader interest and participation at key levels.
Conclusion and Forecast:
The short-term outlook for BNB is cautiously optimistic, provided it maintains above S1. The critical action point is whether BNB can sustain above this support level. If it holds, there could be an attempt to retest R1. A break below S1 could see a deeper pullback to S2, which traders should monitor closely for potential buy opportunities at lower levels.
Trading Strategy:
Bullish Scenario: Traders might consider buying near S1 with a stop-loss order below this level, aiming for R1 and potentially R2 if upward momentum resumes.
Bearish Turn: If prices break below S1, a short position could be considered with targets near S2, setting a stop-loss just above S1 to manage risk.
Summary:
This analysis suggests that while BNB shows a bullish trend, recent retracements necessitate careful monitoring of support levels to gauge the market's strength. Adjustments to positions should be made based on these observed technical patterns and indicator signals.
Buy BNBBNB is on the verge of breaking out of its range, which has persisted since 2021.
Most large-cap cryptocurrencies have experienced significant rallies over the past two weeks, and BNB's breakout seems imminent.
The proposed trade setup is detailed in the chart.
Disclaimer:
This analysis is based on my personnal views and is not a financial advice. Risk is under your control.
bnbusdtWe have a correction up to the range of 585. After this, we will encounter the trend line and break the resistance and the price will move up to 930
bnb, an attractive currency for investment from 6 months to one year
(( Excellent with a strong support ))
** The target of 30,000 is not far off **
This analysis is brought to you by the FXonbit Traders Team
Lingrid | BNBUSDT Contraction-Expansion Pattern. Potential Long The price perfectly fulfilled my last idea. It hit the target. BINANCE:BNBUSDT is currently moving sideways following the surge at the beginning of December. The lower highs and higher lows indicates that the price action is narrowing, suggesting a potential triangle pattern. This pattern is typically viewed as a trend continuation signal. The market is likely to continue its sideways movement, generating liquidity above and below the triangle formation, which could lead to a contraction-expansion scenario. I expect the price to dip below the psychological level of 700 before potentially bouncing off the channel border if bullish momentum builds after testing this support level. My goal is resistance zone around 760
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
Mastering BNB/USDT with Pro Price Action Techniques!BINANCE:BNBUSDT @AlexGoldHunter Price Action Analysis and Strategy
Key Levels and Zones
Support and Resistance Levels:
Resistance Block (RB): Around 735.00 USDT
Support Block (RB): Around 705.00 USDT
Strong Low: Around 705.00 USDT
Equal Lows: Around 705.00 USDT
Fibonacci Retracement Levels:
0.786 Level: 730.9076 USDT
0.705 Level: 728.753 USDT
0.618 Level: 726.4388 USDT
0.5 Level: 723.3 USDT
0.382 Level: 720.1612 USDT
Volume Profile:
High volume nodes around 715.00 USDT and 705.00 USDT
Price Action Markers
CHoCH (Change of Character): Indicates a potential reversal in trend.
MSS (Market Structure Shift): Indicates a shift in market structure, often signaling a change in trend direction.
BOS (Break of Structure): Indicates a break in the previous market structure, confirming a trend change.
Buy Strategy
Entry Point:
Look for a bullish CHoCH or MSS around the support block (RB) at 705.00 USDT. Confirmation of a bullish reversal can be further validated by a break above the 0.382 Fibonacci level (720.1612 USDT).
Stop Loss:
Place a stop loss below the strong low at 705.00 USDT to minimize risk.
Take Profit:
Target the resistance block (RB) around 735.00 USDT. Partial profits can be taken at intermediate Fibonacci levels (726.4388 USDT and 728.753 USDT).
Sell Strategy
Entry Point:
Look for a bearish CHoCH or MSS around the resistance block (RB) at 735.00 USDT. Confirmation of a bearish reversal can be further validated by a break below the 0.618 Fibonacci level (726.4388 USDT).
Stop Loss:
Place a stop loss above the recent swing high at 735.00 USDT to minimize risk.
Take Profit:
Target the support block (RB) around 705.00 USDT. Partial profits can be taken at intermediate Fibonacci levels (723.3 USDT and 720.1612 USDT).
Conclusion
This chart shows a detailed technical analysis setup for BNB/USDT, incorporating price action techniques, volume profile, and Fibonacci retracement levels to generate a buy and sell strategy. The key levels and zones identified provide potential entry and exit points for traders.
If you have any more questions or need further details, feel free to ask! 📈📉
Follow @Alexgoldhunter for more strategic ideas and minds
Technical Analysis for BNB/USDT Position:Current Structure:
The price is consolidating near 719.47 USDT, testing a key horizontal resistance zone around 730.65 USDT.
A clean breakout above this level with a 1-hour confirmation candle would signal a bullish move.
2. Risk-to-Reward Setup:
Entry: Around 730-735 USDT after confirmation.
Target: 835.55 USDT (previous significant resistance).
Stop-Loss: Below 704.35 USDT, aligning with recent lows.
3. Volume & RSI:
Volume remains steady but needs to increase to support a breakout.
RSI is near 50, suggesting neutral momentum with room for upside.
Long Plan:
I will open a long position if I get a 1-hour bullish confirmation candle above 730.65 USDT.
The setup offers a favorable risk-to-reward ratio (targeting ~835 with a stop near 704).
This trade aligns with bullish expectations on the breakout and retest strategy. Patience for the confirmation is key.
BNB/USDT Weekly Chart Analysis.This chart BNB/USDT pair on the weekly timeframe with a clear inverted head and shoulders pattern
The left shoulder, head, and right shoulder structure is evident.
BNB successfully broke the neckline resistance (shaded area around $600-620).
The price surged after the breakout, reaching highs of ~$800 before cooling off slightly at $726.93.
The neckline could now act as strong support (~$600-620) if the price pulls back.
A successful retest would confirm further bullish momentum.
The black moving average line acted as dynamic support during the uptrend.
If BNB stays above the neckline and consolidates, potential upside targets include:
$800 (previous resistance area).
psychological levels of $900 and $1,000.
As long as BNB stays above the neckline, it will remain in an uptrend.
If the price bounces back, the neckline support area ($600–$620) is crucial for further upside.
A continuation of this breakout could lead to higher levels.
Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Always conduct your research and consult a financial advisor before making investment decisions.
For updates on other coins or personalized insights, feel free to reach out via DM.
@Peter_CSAdmin
BNB/USDT Analysis: Key Price Action Strategies for Big ProfitsBINANCE:BNBUSDT @Alexgoldhunter Technical Analysis Using Price Action Techniques
Key Levels and Zones
Support and Resistance Levels:
Strong High/Swing High: Around 730.00 USDT
p1D High: Around 722.00 USDT
Swing Low: Around 705.00 USDT
p1D Low: Around 703.00 USDT
Strong Low: Around 705.00 USDT
0.618 Level: Around 698.00 USDT
0.786 Level: Around 712.00 USDT
Volume Profile:
High volume nodes indicate significant trading activity at various price levels:
27.12K, 138.47K, 86.58K, 114.14K, 291.23K, 391.65K, 297.53K, 196.76K, 210.52K, 118.38K, 86.74K, 60.13K, 97.87K, and 107.57K.
Fair Value Gap (FVG):
An FVG is marked around the 717.00 USDT level.
Indicators
Relative Strength Index (RSI):
Current RSI is around 52.69, indicating a neutral market condition.
Lower RSI level is around 47.46.
Moving Average Convergence Divergence (MACD):
MACD line: 0.51
Signal line: 0.13
Price Action Observations
Equal Highs:
Around the 722.00 USDT level, indicating potential resistance.
Market Structure Shift (MSS):
MSS annotations indicate potential changes in market direction.
Buy Strategy
Entry Point:
Consider buying near the support levels, particularly around the 705.00 USDT (Swing Low) and 703.00 USDT (p1D Low) levels.
Look for bullish candlestick patterns or confirmation from the RSI (e.g., RSI crossing above 50) and MACD (e.g., MACD line crossing above the signal line).
Target Levels:
Initial target: 717.00 USDT (FVG).
Further targets: 722.00 USDT (p1D High) and 730.00 USDT (Strong High/Swing High).
Stop Loss:
Place a stop loss below the 703.00 USDT level to manage risk.
Sell Strategy
Entry Point:
Consider selling near the resistance levels, particularly around the 722.00 USDT (p1D High) and 730.00 USDT (Strong High/Swing High) levels.
Look for bearish candlestick patterns or confirmation from the RSI (e.g., RSI crossing below 50) and MACD (e.g., MACD line crossing below the signal line).
Target Levels:
Initial target: 717.00 USDT (FVG).
Further targets: 712.00 USDT (0.786 Level) and 705.00 USDT (Swing Low).
Stop Loss:
Place a stop loss above the 730.00 USDT level to manage risk.
This analysis provides a structured approach to trading BNB/USDT using price action techniques, focusing on key support and resistance levels, volume profile, and technical indicators. Happy trading! 📈📉
Follow @Alexgoldhunter for more strategic ideas and minds
BNB/USDT Price Prediction - 1WTrend Prediction - BNB/USDT Forecasting
Resistance and Support Lines
In the weekly time frame, an Cup and Handle pattern is visible on the chart. It will take some time for it to fully develop. It seems that a large uptrend is on the way. Caution is advisable.
Are big events on the way????!!!!!
**** Yousef Sharafi ****
Follow me here for more analysis
BNB Near $719: Breakout to $820 or Drop to $630?Binance Coin (BNB) is currently consolidating at the top of the range zone, near the $719.63 resistance level, setting the stage for a decisive move. As long as price is trading below this level, the momentum will be slow.
A successful breakout above $719.63 would confirm bullish sentiment, paving the way for a potential rally toward the next resistance level at $771.67. Such a move would signify strengthening momentum, encouraging further buyer participation (Solid Green Projection).
Conversely, if the price fails to clear $719.63 and faces rejection, a pullback to $682.62 would be the first critical test for support. However, this is the slow zone for BNB.
Losing $682.62 may signal a shift in control toward sellers, opening the door for a decline toward $630.57 (Red Projection).