BNBUSDT: A Bullish Setup or a Trap? Key Levels to WatchYello Paradisers! Have you noticed the recent move in BNBUSDT? 📈 Could this be the breakout we’ve been waiting for, or is a retracement lurking in the shadows? Let’s break it down.
💎BNBUSDT has recently formed an inverse head and shoulders pattern, which also aligns with a bull flag formation on the higher timeframe—both strong indications of bullish potential. However, as disciplined traders, we must remain cautious and consider all scenarios.
💎If BNBUSDT breaks out and closes a candle above the resistance zone, the likelihood of a sustained bullish move significantly increases. This would confirm the breakout and signal a potential rally.
💎On the other hand, the probability of a retracement remains on the table. Should this happen, we would look for a bounce from the bullish order block (OB). To further increase the probability in our favor, waiting for a bullish internal change of character (I-CHoCH) would be prudent before entering any positions.
💎However, in the case of a breakdown with a candle close below the Bullish OB, the entire bullish idea would be invalidated. If this happens, patience will be key—waiting for stronger price action at better levels will provide higher-probability setups.
🎖This is why, Paradisers, we emphasize the importance of strategy and discipline in trading. Whether it's a breakout or breakdown, sticking to your plan is the only way to achieve long-term success. Stay vigilant, stay patient, and always trade smart. 💪
MyCryptoParadise
iFeel the success🌴
BNBUSDT
BNBUSDT Poised for a Bearish Move? Critical Levels Ahead!Yello Paradisers! Are we witnessing the beginning of a bearish turn for BNBUSDT? The probability is definitely increasing, and here’s what you need to watch.
💎BNBUSDT has already taken liquidity and shown a Change of Character (CHoCH), signaling a shift toward a bearish market structure. If the price moves upward from here and displays an Internal Change of Character (I-CHoCH) from the resistance zone, it will significantly boost the chances of a further bearish trend.
💎However, if the price breaks down and closes a candle above the resistance zone, this would invalidate our bearish scenario entirely, requiring us to reconsider our strategy.
🎖 Paradisers, as always, discipline is key. Waiting for confirmation before acting ensures you stay on the right side of the trade. Stay focused, stay patient, and play it smart!
MyCryptoParadise
iFeel the success🌴
Is BNBUSDT on the Brink of a Major Bullish Breakout?Yello! Did you see how BNBUSDT has taken liquidity and formed an inverse head and shoulders pattern? This setup is raising the odds of a bullish move! But there's more to the story. Let’s dive into the details:
💎For this bullish scenario to play out, BNB must break out of the resistance zone and close a candle above it. This would indicate a potential move up to the next swing or resistance levels.
💎In the event of a pullback, we can anticipate a bounce from the Bullish Order Block (OB). However, for confirmation, we need to see an I-CHoCH (internal Change of Character) that aligns with a bullish market structure. This would further increase the probability of a favorable outcome.
💎On the flip side, if the price breaks down below the Bullish OB and closes a candle beneath it, our entire idea and pattern would be invalidated. This would suggest a different market direction, requiring us to reassess our strategy.
As always, it's crucial to stay disciplined and patient. The market can be unpredictable, and only those who stick to their strategies will thrive.
MyCryptoParadise
iFeel the success🌴
TECHNICAL ANALYSIS $BNB 12-JULThe daily trend is bearish, the bottom at CRYPTOCAP:BNB is at an unknown place (without any resistance), so it is likely to continue to decline.
The beginning of the daily downtrend is the old peak - where there is strong selling force, so it further supports the bearish factor.
H4 is in a recovery wave, we don't know where it will return, but a maximum of $580 is a strong supply zone.
BNB is in a downtrend and CRYPTOCAP:BTC is also in a downtrend so simply don't buy.
Wait for confirmation of price increase to buy later.
Massive BNB Breakout Imminent? Don’t Miss This Crucial Analysis!Yello Paradisers! Are you ready to dive into a potential game-changing move for BNB? Let’s get into the details.
💎 The recent bullish momentum has broken key levels, indicating potential for further gains.
💎 BNB is showing signs of inducement near the bullish OB, a key area to watch.
💎 If BNB breaks the resistive trendline and forms a W pattern, the probability of a bullish move increases.
💎 For confirmation, we need a breakout above the resistance zone. This could signal a strong bullish move.
💎 In case of a pullback, a bounce from the bullish OB is expected. However, we need a Change of Character (I-CHoCH) in lower timeframes for confirmation.
💎 If BNB breaks down and closes below the bullish OB, it invalidates our bullish thesis.
Trade smart, Paradisers, and stay disciplined. Your long-term success depends on strategic and well-timed moves.
MyCryptoParadise
iFeel the success🌴
Bullish Pennant Breakout: Retest Targets $1,000 MilestoneBinance Coin ( CRYPTOCAP:BNB ) has recently formed a bullish pennant pattern, suggesting a strong potential for upward movement. This technical formation, characterized by converging trend lines following a significant price increase, indicates that the market is consolidating before potentially continuing its upward trend.
The breakout from this bullish pennant has been accompanied by substantial trading volume, reinforcing the likelihood of a sustained move higher. With the retest of the breakout level successfully holding, the technical outlook is bullish, pointing to a potential target of $1,000. Achieving this target would represent a significant 68% return from the current price level, offering a promising opportunity for traders and investors.
Key factors to watch include the continuation of high trading volume and maintaining the breakout level support, which will be crucial in confirming the strength of this bullish move towards the $1,000 target.
BNBUSDT's Cup & Handle: Ready for a Bullish Surge?💎 Paradisers, #BNBUSDT has formed a cup and handle pattern, increasing the likelihood of a bullish move.
💎 If #BNB closes a candle above the resistance zone, it will validate the pattern, and we can then expect a bullish move.
💎 In the case of a pullback, we can anticipate a bounce from the demand level, but we need an Internal Change of Character (I-CHoCH) towards the bullish market structure for confirmation.
💎 However, if there is a breakdown and a candle closes below the demand level, it will invalidate our entire bullish idea. In that case, it would be better to disregard this setup and wait for more favorable price action to develop.
MyCryptoParadise
iFeel the success🌴
BNB Binance Coin Trade Setup - BNB followed my last path and broke out as I had planned
- BNB is currently trading at a great zone however, its still left with one retracement
- BNB will be at a very good zone in its next retracement so make sure if you are planning to add BNB then you do it in the next retracement
- BNB from a holding perspective for long term looks good if you are already holding it, my Bull Run Targets are - 1000$, 2500$, 5000$
BNB: Determined to reach the All-Time High. #BNB Update:
Following BTC's lead, large M-Cap altcoins are also gaining momentum, and BNB is no exception. With a remarkable 120% rally from the breakout point, BNB still has room to grow, aiming for the ATH that is only 20% away. I'm expecting BNB to reach the ATH or even break above it before the BTC halving or correction.
DYOR.
#BNB #Crypto
BNB/Binance Coin Trade Idea - BNB is currently trading in a zone where all its FUD has evaporated
- The structure looks super strong except for the inducements that it's certainly going to have
- I will look to add BNB swings once it starts retracing and hold it until it gives me a strong gain of 30-50%
- Risk minimized to 10%
XRPUSDT IDEAUPDATE
Formation of the Falling wedge pattern in 1D time frame.
Breakout can lead 40-45% Bullish move.
COIN DETAILS
The live price of XRP is $ 0.518332 per (XRP / USD) with a current market cap of $ 28.25B USD. 24-hour trading volume is $ 767.48M USD. XRP to USD price is updated in real-time.
waiting for TRIANGLE BREAKOUT in BNBUSDTElliott Wave Analysis:-
Waiting for TRIANGLE BREAKOUT. Once the breakout took place then we decide the move of the wave .
i am not a SEBI registered advisor. Before taking a trade do your own analysis or consult a financial advisor. I share chart for education purpose only. I share my trade setup.
BNB value buying ? read description after a good bearish trend price is in side ways phase
180-215 been good buying area and the stop loss can be done
only below this any candle closed on daily time frame we can see bearish trend but the recent bear cycle performed from april 2023 to sep 2023..
currently price is making small candles as a sign of beairsh liqudity getting faded
.................... TRADE SETUP ....................
Buying above 222 (candle closed on daily) we look for the target of 270 and 290
this trade will be purely investing pov and no leveraged to avoid uncertaintity
stop loss can be below 200 or 190 as per your risk reward
BNB/USDT- Plotting Key Levels for Short and Long-Term Profits ?
Introduction:
In this BNB/USDT technical analysis, we'll examine critical price levels and potential scenarios for Binance Coin (BNB) against the US Dollar Tether (USDT).
Liquidity Sweep Area - 145-160 USDT:
The first key aspect to address is the liquidity sweep area, which encompasses the price range of 145-160 USDT.
Liquidity sweeps often serve as precursors to major price movements. Traders should closely monitor this range as it could act as a pivot point for future price action.
Accumulation Opportunity at 145-160 USDT:
Within the 145-160 USDT range, we identify a promising opportunity for short-term accumulation.
For traders seeking short-term gains, this area offers a potential entry point to buy BNB.
Market Structure and Long-Term Potential:
If the price rallies and a market structure breakout occurs in the 230-250 USDT range, it could indicate a shift in the long-term trend.
In such a scenario, a retracement to the 200 USDT level may present an excellent long-term buying opportunity. Traders and investors should watch for confirmation of this breakout.
Potential Target at 300 USDT:
Should a market structure breakout occur around 230-250 USDT, with subsequent retracement to 200 USDT, the setup could lead to an exciting long-term opportunity. In this context, a potential target for BNB might be around the 300 USDT mark.
In conclusion, the BNB/USDT technical analysis highlights the significance of the liquidity sweep area at 145-160 USDT as a potential short-term accumulation zone. Additionally, traders should keep a close eye on the 230-250 USDT range for signs of a market structure breakout, which could create a long-term buying opportunity with a potential target at 300 USDT.
Cryptocurrency markets are highly volatile, and it's essential to conduct your research and consult with a financial advisor before making investment decisions.
BNB/USDT: Bullish Breakthrough - Inverse H&S with RSI Divergence💎 Hey ParadiseSquad, let's focus on BNB/USDT. Looking at the 1-hour chart, we can spot an inverse head and shoulders pattern accompanied by bullish divergence on the RSI. Notably, the right shoulder is shorter than the left one, indicating a pattern of higher highs and higher lows.
💎 If the price successfully breaches the resistance level at 220, we could reasonably expect a strong bullish upswing targeting the next resistance points at 224.7 and 230.4. However, if the price drop below the invalidation zone of 211.5, this bullish pattern would lose its significance.
💎 Presently, the price seems to be consolidating around the breakout level. Remember, the more the price lingers here, the greater the potential for a significant move. Stay sharp with your trading instincts, ParadiseSquad!