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BNBUSDT

TradeCityPro | BNB : Approaching Key Resistance Levels👋 Welcome to TradeCityPro! In this analysis, we will examine the price action of BNB, the native token of Binance, the largest cryptocurrency exchange in the world. ⏳ Weekly Timeframe: Testing All-Time High Resistance On the weekly chart, BNB has been consolidating in a range between $492 and $660 after a strong bullish leg from the $210 support level to its ATH. Currently, the price is near the top of this range, and the increased trading volume at this level suggests a high likelihood of breaking through the $660 resistance. ✨ A breakout above the 62.26 level on the RSI would make this resistance easier to overcome. If the price successfully breaks above $660, the next targets based on Fibonacci extensions are $1043 and $1644. These levels are highly plausible if the RSI enters the Overbought Zone. 🔽 In case of a pullback, the first support level is the bottom of the box at $492, followed by deeper support at $348. As long as the price remains above $348, the overall trend remains bullish. A break below the 50 RSI level, however, could indicate a loss of bullish momentum. 📅 Daily Timeframe: Parabolic Uptrend On the daily chart, the price is in a parabolic uptrend, originating from the $469.65 support level. The price has tested this trendline four times and is currently facing resistance at $660.72. Beneath the price, strong support exists at $606.70, where the market has been consolidating for several days. 🔼 If $660 is broken, the first resistance to watch is at $711, which will serve as the initial target for the upward movement. 📉 In the bearish scenario, if the parabolic trendline and the $606.70 support are broken, the first support level to monitor is $538, followed by deeper support at $469, the bottom of the weekly range. Currently, bullish volume exceeds bearish volume, suggesting a higher probability of breaking through $660 unless significant selling pressure enters the market. 📝 Final Thoughts This analysis reflects our opinions and is not financial advice. Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
Long
by tradecitypro
9
Is there any hope for investors in BNB? In the higher time frames (daily, weekly and monthly), if we look closely, the price is suffering in a range that is constantly getting narrower. Of course, in recent weeks (due to the strong upward wave that has existed in the entire market), the tendency of these sufferings has been upward and in general, it can be said that the buyer has acted stronger than the seller. If we look closely at the 4-hour timeframe, the price range is clearly defined in the past 24 days. Of course, it is slightly inclined upwards. In general, in terms of probabilities, a strong breakout to the upside (the price can stabilize above $680) can increase the likelihood of a significant growth. But the significant point that cannot be ignored is why, in a market where all high-potential cryptocurrencies are growing and have broken new resistances, this cryptocurrency has not been able to reject its main resistance so far?? The growth of this cryptocurrency so far (in the upward trend) is not really interesting compared to its good competitors. We can say that this cryptocurrency has been the loser in the upward competition between high-potential currencies so far. This worries me about the future of this symbol. Conclusion If I were to make a complete and actionable conclusion, I think that if the price breaks and stabilizes above the drawn area, we can expect a minimum growth of this symbol to the $900-$1000 area. However, based on the fundamental studies I have done and the analysis that exists in the crypto community regarding the foundation and future of this symbol, I do not think it is an ideal symbol for long-term holding and I think there are much better options to choose from.
by Aidin_Jabarpoor
Binance Coin BNB Skyrexio Overview: Bull Market Is Almost OverHello, Skyrexians! BINANCE:BNBUSDT is one of the strongest crypto assets on this bull run. Stronger even than Solana! It has printed the ATH with the Bitcoin while most of the crypto set the new bear market bottom. This early growth has the consequences, while most of crypto has just started their way to big gains, Binance Coin has the very restricted potential for further growth. Let's take a look at the weekly time frame. Bull market has started suddenly with two green dots on Bullish/Bearish Reversal Bar Indicator which were very strong long signals. As always, alerts from this indicator are automatically replicated on my accounts. You can find the information in our article on TradingView. After that we have seen the impulsive wave to the upside. Almost at the top indicator has printed red dot, first bearish sign of weakness. But don't worry, according to Elliott Waves theory this is just wave 3 top. After that we have seen the wave 4 correction to 0.61 Fibonacci retracement exactly! Now BNB is printing wave 5 which has the target area between $725 and $900. There we expect another red dot to make a decision that bull market is likely over. Best regards, Skyrexio Team ___________________________________________________________ Please, boost this article and subscribe our page if you like analysis!
by Skyrexio
5
BNB thesis with RAG AI by Titan_KarmaBased on the current market conditions for BNB, the analysis indicates a favorable environment for entering a LONG position. The bullish sentiment is supported by strong trading volume and positive technical indicators, including an RSI above 60 and a favorable long-short ratio. The recent news surrounding Binance's legal challenges should be monitored closely, as it could impact market perception and BNB's price. Given the absence of open positions, this is an opportune moment to consider entering a LONG position, particularly if the price remains above key support levels. ##TRADE RECOMMENDATION { "OUTCOME": "OPEN_LONG", "STOP_LOSS": "$643.51", "TAKE_PROFIT": "$661.66", "CONFIDENCE_LEVEL": "80%", "EXIT_POINT": "$661.66", "ENTRY_CRITERIA": { "TIMEFRAME": "1h", "RSI": "above 60", "MACD": "above 0, 1h", "ATR": "0.000298, 1h"
Long
by titankarma
BNB/USDT CHART ANALIYSIS !!The BNB/USDT daily chart indicates a potential bullish breakout scenario, as the price consolidates within a symmetrical triangle. The price is approaching the top of the triangle, indicating a potential breakout soon. The current support zone lies around $600, which is aligned with the lower trendline of the triangle. The immediate resistance lies at $645, which is near the upper boundary of the triangle. A breakout above $645 could target the higher levels of $700-$750. BNB is trading above the cloud, which indicates bullish momentum. The cloud acts as a dynamic support around $580-$600. Strong support exists at $600, reinforced by the horizontal zone and the lower triangle boundary. A breakdown below $580 could invalidate the bullish setup, with potential support lying at $540. An upward breakout could see BNB target $780 and beyond. A downward move could revisit the $540-$550 range. Watch out for a confirmed breakout above $645 for a long position. Watch out for a breakout below $580, which could turn the momentum bearish. Disclaimer: This analysis is for informational purposes and is not financial advice. Always stay updated with market movements and adjust your trading strategies as needed. You can DM us for information on any other coin. @Peter_CSAdmin
Long
by CryptoSanders9563
Crazy BNB Forecast!! - $72,000 - PSYCHO MODE - on weekly chart, we see a large bullish triangle. Breakout range of this triangle is around USD 72,000 per piece. Forecast seems crazy, but assuming an optimistic scenario for cryptocurrency market and BTC rate, which will break level of $100,000 for good, it may trigger a psycho mode on stock exchanges and mass logging in of new users. Binance is largest cryptocurrency exchange - it has its BNB token, which has a unique tokenomics and is constantly mined. Additionally, it significantly reduces exchange fees. Cryptocurrency market is crazy and this scenario can be related too. Good Luck :)
by potas58
$BNB (BINANCE) Wave Just Starting – Targeting $1100!I posted about BINANCE:CAKEUSDT yesterday because I see greater potential gains in the near term. However, I can't ignore the big player, $BNB. If you're bullish on NASDAQ:CAKE , you must also be bullish on $BNB. The same logic applies to KUCOIN:CATUSDT as well. I’m targeting an entry as close to $650 as possible. If CRYPTOCAP:BNB drops toward $600 (which I highly doubt), that would be my optimal entry point. This is a position play, so I’ll be holding for the longer term, aiming for $1100 as my target.
Long
by ZelfTrade
1
BNB SWING LONG IDEA - ALTCOIN SEASON - BNB CHAINBNB is one of the most stable coins in the crypto market. With Binance officially backing it, BNB is relatively safer compared to other altcoins. Technical Analysis: The price hit and wicked into the monthly demand zone during the August 5th dump, showing a strong rejection and initiating an upward trend. This move established a weekly demand zone by breaking the weekly structure, and as it did so, it created a daily demand zone, which is a significant area for me. Currently, the price is back into the daily demand and has reached the optimal trade entry zone according to the Fibonacci levels. I anticipate an upward movement from here in the coming days. Targets: The initial target is $613-$619, with potential to reach the all-time high at $722. Note: Watch out for the U.S. Presidential Election, as it may cause volatility with long wicks that could stop out positions.
Long
by UA_CAPITAL
The last bullish chance of BNB in mid-term !!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! See my first analysis on BNB in 2020 Give me some energy !! ✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us. Best regards CobraVanguard.💚 _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Long
by CobraVanguard
BNB: Ready for a New All-Time HighHello, traders, I hope you’re all doing well. Today, let’s review the BNB chart in a 2-week timeframe. On this higher timeframe, BNB is approaching the resistance trendline. With an all-time high of $721, the current price suggests the potential for a new record. BNB has consistently held its support trendline since its inception, and with the 21 EMA providing support, a breakout could happen at any time. If we see a breakout and a close above the resistance, BNB is likely to enter a price discovery phase and aim for a new all-time high. During this altseason, if BNB reaches $1,000, it will push its market cap to $144 billion, securing the No. 4 position and surpassing Solana. Let’s aim for BNB to hit $1,000. #BNB1000 Always conduct your own research and analysis before investing. This is not financial advice.
Long
by Dexter_The_Trader