The Binance Coin (BNB) price is attempting a fresh rally, buoyed by a surge that surpassed the crucial $550 resistance zone. This positive momentum has ignited optimism among investors, with analysts suggesting a potential extension towards $630 and beyond. Breaking Through Resistance: A Bullish Signal BNB's recent price action hints at a bullish resurgence....
Daily Chart Binancecoin is neutral in the daily chart and teasing the top of the daily range zone at $589. An inability to break $589 to the upside will push BNB price towards $480, however the price action towards $480 will be slow and choppy. If Binancecoin is unable to maintain price above $480, the daily support zone (marked grey) we will see BNB in the...
BNBUSD Weekly Chart Conditions for a Bullish Scenario In the weekly chart, BNB is lingering around the key weekly support zone at $577 (or the range of $563-$597). It has to maintain the price action and weekly candle closures above this zone, preferably above $597 to remain in the bullish territory. A price consolidation above $597 will push BNB towards the...
Binancecoin is testing the key daily resistance of $586. An inability to break $586 to the upside will push BNB price towards $504-$529 and, if unable to sustain price action above $504, lower to $455-$477. A daily candle closure above the key daily resistance of $586 is required for Binance coin to have another bullish extension to re-test $635-$660.
Binancecoin declined from the key resistance zone of $635-$660. A sustained price action below $529 will push #BNB price lower to $455-$477. A daily candle closure above the key daily resistance zone of $635-$660 is required for another bullish extension towards $716, the new ATH. Intraday Chart The BNBUSDT intraday chart is in the bearish territory...
Yesterday Binancecoin could not close above $529. Today, a bullish Bitcoin Dominance put pressure on the Satoshi value of BNB and we saw an intraday pullback to $505. A daily candle closure above $529 will increase a probability of a continuation of a bullish move up towards $586 and higher towards $600. An inability to sustain could lead to a re-test of $505...
Hello Traders, welcome to today's analysis of Binance Coin. -------- Explanation of my video analysis: After the break and retest on Binance Coin back in 2020 we saw an insane rally of +10.000% towards the upside. Recently BNB then broke out of a longer term triangle continuation pattern and can now potentially create a similar rally. I am now just waiting for...
BNB Should hold critical support at 200. Otherwise whole crypto market will drop as we observed in FTX collapse. Disclaimer: The information and analysis provided in this publication are for educational purposes only and should not be construed as financial advice or recommendations to buy, sell, or hold any securities. The author and TradingView are not...
My name is Philip, I am a German swing-trader with 4+ years of trading experience and I only trade stocks , crypto , options and indices 🖥️ I only focus on the higher timeframes because this allows me to massively capitalize on the major market swings and cycles without getting caught up in the short term noise. This is how you build real long term...
My name is Philip, I am a German swing-trader with 4+ years of trading experience and I only focus on price action and market structure 🖥️ I am trading the higher timeframes because this allows me to massively capitalize on the major market swings and cycles without getting caught up in the short term noise. This is how you build real long term...
With the low of wave (2) in magenta, Binance should have finished a longer descending phase. Thus, we expect the altcoin to advance significant upwards movement, heading for the resistance at $398.20. This mark should be conquered in due time, so that the top of wave (3) in magenta can be reached. However, a 30% chance remains that Binance could slip below the...
It seems that the upward movement of BNB is not strong enough to move away from the bottom of the ascending channel. So, it is constantly at the risk of losing the bottom of the channel and reducing the price to 255 or even lower, and it is not possible to make a hopeful comment about it! Note that this is a personal...
Hi friends, hope you are well and welcome to the new trade setup of Binance coin (BNB) with US Dollar pair. Previously we caught a nice trade of BNB as below: Now on a 4-hr time frame, BNB has formed a bullish BAT for the next price reversal. Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and...
Lately, Binance has been jumping up and down below the resistance at HKEX:347 excitedly, even hopping above this mark once to finish wave (b) in blue. To complete wave (c) in blue as well as wave ii in magenta, the altcoin should move a bit more purposefully, diving into the magenta-colored zone between $304.40 and $274.90. There, our crypto friend should gain...
Binance Coin should stop acting so coy regarding the magenta-colored zone between $278.90 and $245.40. We expect the altcoin to dive into this area to finish wave (2) in magenta before turning upwards again. Alternatively, there is a 33% chance that Binance could have already concluded wave alt.(2) in magenta and might thus climb above the resistance at $358.60 to...
Hello, traders! As you know I expect the price of Bitcoin below $15k, therefore most of altcoins can lose up to 70% from their current price. The BINANCE:BNBUSDT is the exception. Let's take a look at the Binance coin's Elliott waves structure. The Awesome oscillator allows us the define the wave 3 bottom and build the analysis based on that. Wave 3 was...
Hi friends, hope you are well and welcome to the new trade setup of Binance coin (BNB) with US Dollar pair. Recently we caught more than 12% pump as below: Now on a 4-hr time frame, BNB is about to complete a bullish Crab move for another bullish reversal move soon. Note: Above idea is for educational purpose only. It is advised to diversify and strictly...
Hi friends, hope you are well and welcome to the new trade setup of Binance coin (BNB) with US Dollar pair. Previously we caught a very trade of BNB: Now on a daily time frame, BNB has formed a bullish Gartley move for another price reversal. Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and...