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BNBUSDT.PS trade ideas

✴️ Binance Coin | Another SHORT Entry (6-10X Lev)Binance Coin peaked 28-December 2023, a month ago. It has been kind of sideways but still producing clear lower highs, revealing what's to come. We already shared a similar trade setup but timing is important so here we go again... The major portion of the bearish move is yet to develop. Once it starts going, it is going to be really fast and strong, why? Because the consolidation has been going for an entire month. Normally when prices are set to drop, the drop happens right after the top... Here we see this dynamic and so we know that something big is going on. With that said, market conditions can always change. Make sure to do your own research and planning, as trading involves risk and while there can be big win, loses are also part of the game. Thank you for reading. Namaste.
Short
by AlanSantana
4
BNB - Looking For Wave (C) Thrust To 20K...Based on the latest crypto analysis, I present my revised perspective on Binance Coin. The analysis suggests that the corrective phase of Wave (B) concluded in June 2022, finding support at $183. Presently, we seem to be entering the initial phases of a 5-Wave Movement for Wave (C). Confirmation of Wave 3 initiation comes with a breach above $340. I consider the range between $183 and $340 as the optimal buying zone, and I anticipate the price to hover within this range, possibly until around April, influenced by the Bitcoin halving. During this period, it is advisable to employ dollar-cost averaging. The 20K target is based on the measured move for the 10,000% upward movement observed in Wave (A). I will provide further updates as the accumulation phase gradually nears its conclusion.
Long
by AriasWave
1
BNB can rebound from the seller zone and start to declineHello traders, I want share with you my opinion about Binance Coin. Looking at the chart, we can see how the price some time ago rebounded from the resistance level and made an upward impulse to 332 points, but then the price rebounded down and started to decline in a downward channel, where it fell lower than 308 level, thereby breaking it. Next, the price fell to the support level, which coincided with the buyer zone, after which it bounced up from this level and rose higher than the resistance level, thereby exiting from the channel. But soon, BNB turned around and declined to the 290 support level. Then price made an upward impulse from this level and later started to trades inside the range. In range, BNB rose to 321 points, and then made a downward impulse to the support level, breaking the resistance level with the seller zone. Price fell to the buyer zone, after which it rebounded and rose to the seller zone, but recently it turned around and fell below. At the moment, Binance Coin trades near this zone and I think the price can grow to the resistance level and, or to the seller zone and then start to decline to the support level. For this reason, I set my target at the 290 level. Please share this idea with your friends and click Boost 🚀
Short
by LegionQ8
1
BNB/USDT 4HInterval ChartHello everyone, I invite you to review the BNB chart on a four-hour interval. Let's start by identifying with the blue lines the downtrend channel where the price goes towards the upper limit. Now let's move on to marking the support areas for the price and after unfolding the trend based fib extension saitka, we can see that first of all we have support at the level of $291, which has already held the price several times, and then it is worth defining the support zone from $277 to $270. Looking the other way, we can similarly determine the resistance areas and here we can immediately see how the price is struggling with the strong resistance zone from $300 to $304, if we manage to break out of it, it is worth taking into account the resistance at $315. When we look at the RSI indicator, we can see that there is still room for the price to increase, but we have approached the downward trend line, and additionally, we have exceeded the upper limit on the STOCH indicator, which may translate into another price recovery.
by cryptodailyuk
BNB: Bullish FlagTrade setup : Price remains in an Uptrend. Following a bullish break above $300 key level, price reached as high as $338 but got very overbought (RSI > 80). Now it’s consolidating in a Bullish Flag pattern, which is a continuation pattern that typically resolves in a bullish breakout in the direction of the existing Uptrend. We wait for a breakout to confirm the Uptrend, with upside potential to $350 thereafter. Pattern : Bullish Flag pattern. Short term small rectangle trading range between diagonal parallel lines. It moves counter to the prevailing price trend observed in a longer time frame on a price chart. It forms typically following a sharp advance and often indicates a small change in direction (or areas of consolidation) before the previous trend resumes. Flag pattern is among the most reliable continuation patterns that traders use because it generates a setup for entering an existing trend that is ready to continue. Trade is initiated on a breakout, if it is in the same direction as the prevailing trend. Also, with bullish flag patterns, traders prefer a breakout with an increase in volume but it isn’t a must. Trend : Neutral on Short-Term basis and Uptrend on Medium- and Long-Term basis. Momentum is Bearish (MACD Line is below MACD Signal Line, and RSI is below 45). Support and Resistance : Nearest Support Zone is $300, which it broke, then $260. The nearest Resistance Zone is $350.
Long
by altFINS
Binance vs SEC - BNB Play!Binance had a difficult 2023 as the US Gov effectively removed CZ from office and strangled their operation in the US. Binance however seemed to take it in stride paid their fine and moved on, returning quickly to their dominant position and maybe highlighting crypto's global nature by thriving despite a hostile US market. The issues in the US however are not over with the SEC currently in court with Binance seeking to prove that they were illegally selling securities as an unlicensed broker. One of the coins the SEC are considering an unregistered security is Binance's utility token BNB. Now, predicated on the recent XRP ruling (not a security, when theres probably a better case to make XRP a security) and the SEC's history with crypto of getting their asses handed to them combined with their general incompetence (I'm thinking Greyscale, the ETFs and the absolute S show they made of the approval announcement) I think its worth a punt on BNB and Binance winning this case. Since their is a general level of animosity towards Binance in the US I think they are likely to get a rougher ride than US based firms like Ripple and Greyscale so I'm placing my stop below the 180 support. Binance has both burn and buyback mechanisms in place for BNB so I'd expect they will defend this price point in the worst case scenario.Slight risk mitigation there and I imagine being labelled a security in the US wont stop traders abroad snapping up cheap BNB. Technically, nice uptrend following the previous legal case resolution. 2024 has been spent forming this falling wedge which, especially on the daily, could signal a break to the upside is imminent (at the very least we should see a bounce from the trendline support). I've also added a second DCA entry at 260 which historically has been price support (through most of 2022, and March 2023). In fact back in March when withdrawals suddenly stopped working on Binance and everyone expected FTX 2 Electric Boogaloo, 260 was the lowest BNB dipped. First two targets derived from the resistance on the chart, the rest from the FIB. Shout if you have any questions / thoughts!
Long
by CryptoNicho
2