Hello CZ how are you?Hello friends
Today analysis BNB coin
I can say a lot of good words about CEO binance CZ, about the team and the strategy for promoting the exchange and their coins, but I look at the chart and now I will explain what I see and why.
BNB is one of the most liquid coins on the binance exchange, because of the commission on deals, the IEO lottery, the holding of coins, transition projects to their Bockchain, and Margin trading opportunity very soon.
A lot of good news, I even saw such articles where people called BNB a new bitcoin. I think this euphoria :)
I don't want you making your investment decisions with emotions.
In fact, on March 24th, when BNB was on highs (look at chart), Binance announces “Update to the Binance Launchpad Token Sale Format”
www.binance.com
All in the best traditions of manipulators.
On the high people are encouraged to keep the coin for at least 20 days. After that, anonasirovanie buduyuschih good news that everything will be fine.
But after that, some more people are prepared for the next Tothemoon and the announcement comes out that the Binance exchange has been hacked, but everything is fine, but the team solved all the problems, but in my opinion if it happened once, it can happen a second time.
Information space can be filled with good news. But in fact, everything works cyclically and this situation is very similar to the situation of EOS when they had a minenet
Now we see the second cycle on BNBBTC and my first target is the support line for the upward channel 0.0022-23, we will most likely break this line down and the final target is the largest horizontal volumes 0.0016-15
MA50 MA 100 cross in D1 chart
Binancebtc
BNB could see lowerBNB has been on a tear all of 2019 and with the anticipation of margin trading and IEOs coming to fruition, we could see a sell the news event happen in the coming days/weeks
2 scenarios outlined in the chart, which both have the possibility of playing out. If we cannot regain that support level that was broken through with force then a retest of the bottom of this channel is likely, which coincides with a strong support level.
BNBUSDT SHORT 80%BNBUSDT
A brief summary of today's picture:
Everything continues in yesterday’s key, there is little positive, the alts capitalization on the brink, Bitcoin’s dominance is growing, it’s generally very strange that this whole picture with Binance didn’t give a good move down, now it’s still obvious that the market is pulling up on its ears and the interest of the one who pulls it will be closed the market will collapse hard.
Therefore, I have still reduced half of the altcoin residues and part of the BTC has fixed
In the course of what is happening, as well as reading various suitable channels and communicating with literate people, a general picture of what is happening begins, starting with the growth of Bitcoin tezer before going under 6k, including forks reloading cash, cartels, opposition to stable coins in European banks, theft 7000 btc on Binance ...... the picture is poor.
I hope tomorrow I will choose the time and put it all in order in a digestible format. I'd like to hope that this is only the fruit of my sick imagination, and not reality.
All scared, all a good day!
$BNB retraced to 1st support after breakout...$BNB retraced to 1st support after breakout...
If you were looking opportunities for accumulate #BNB this are the levels/oportunities that you should be looking for..
BTC hodling above 5350$ will have a great influence if more pain will be seeing on alts in general...
BNB Binance Coin U should think twice before buying BNB right now. of Course Binance made his coin strong and binance chain make peoples FOMO's a lot but..
1 Day indicators are maxed overbought.
Almost reached last 2018 ATH around 26$.
would be sage to wait a retrace to 20$ before buying it or wait for strong breaking 30$+.
When u miss the train don't try to jump on it while it passing fast. be patient and wait for the the new train.
Happy Tr4Ding !
$BNB Crossed the ascending trendline to the downside... $BNB Couldn't break the weekly trendline after 3 tests... Crossed the ascending trendline to the downside...
UCTS sell signal on the 1D
RSI bearish divergences
No ICO scheduled on Launchpad.
Both RSI & MACD falling
3 potential places where support could be found..
#BNB
BNB: BINANCE DEX RELEASE - PROFIT: 26.87%Our "Crypto Bottom" Trading Indicator has correctly identified a buy in point on the 25th of February 2019 .
Using this buy in point and selling at the peak price as identified by our NEW "Crypto Peak" Trade Indicator , you would have expected to net 26.87% PROFIT!!!
The increase in price may also be explained by positive developments including:
May 19 2018: Binance announces that it will reward double referral commission rewards to 40% for all accounts that hold 500 BNB or more, starting from 19th May 2018 ( UTC ). Each user’s commission rate will then be adjusted at 12:00 AM ( UTC ) each day based on their BNB holdings. The commission rate for all other users will remain at 20%.
May 22 2018: Binance lists TrueUSD.
May 23 2018: Binance lists Zencash.
May 24 2018: Binance announces that they are constructing Korean Marketing Team to increase adoption in the region.
May 25 2018: Binance adds support for Portugese.
May 28 2018: Binance Adds EOS/BNB, EOS/USDT Trading Pairs and EOS Mainnet Swap
May 28 2018: Binance lists Civic.
May 29 2018: Binance lists Theta token.
May 31 2018: Binance adds XRP/BNB, TUSD/USDT, XLM/USDT and IOTA/USDT Trading.
June 1 2018: Binance supports EOS mainnet swap.
June 5 2018: Binance lists Quarkchain.
June 6 2018: Binannce lists Nexus.
June 7 2018: Binance adds ENTJ/BNB trading pair.
June 5 2018: Binance invests in chiliZ, a blockchain-based platform that allows sport and esport organisations to tokenise voting rights to their fans.
June 6 2018: Binance has finally opened a bank account in Malta according to industry sources. This is an important step for Binance who have been wanting to open a fiat-to-crypto exchange.
June 7 2018: Binance lauches "Cryptocurrency Governance Initiative" ( CGI ). Coins collaborating with Binance will be encouraged to sign up to the initiative, which will include promises not to “participate in pump and dump schemes.” Projects will also be held accountable for their white-paper claims to ensure that what is promised pre-ICO is actually delivered. Any breaking of those promises will have repercussions such as delisting or the withdrawal of any Binance investment.
October 6 2018: Binance invests in TravelbyBit an Australian startup that aims to create global point-of-sale (POS) payment system that incorporates blockchain technology into major airports around the world. Through this partnership, TravelbyBit will add Binance Coin as one of the select cryptocurrencies that airport visitors can use to pay for purchases made at TravelbyBit-affiliated merchants, including flights, souvenirs, and more.
November 22 2018: Binance announces partnerships with Refinitiv (a KYC company affiliated with Thomson Reuters) and Chainanalysis (a provider of cryptocurrency and investigation services). Both companies are aimed to ensure the trustworthiness of the Binance ecosystem by tackling KYC and AML respectively.
January 18 2019: Binance announces that they have burned 1,623,818 BNB as part of their 6th coin burn. This could lead to an upward pressure on prices as supply has been reduced.
January 18 2019: Binance launches Binance Jersey an exchange which offers secure, reliable fiat-to-crypto trading of the Euro (EUR) and British Pound (GBP) with Bitcoin and Ethereum in Europe and the U.K.
February 4, 2019: Binance announces that that have partnered with Simplex (a payment processing company) to enable users to buy cryptocurrencies with their credit cards directly on Binance.com.
February 20 2019: Binance announces that their decentralised cryptocurrency exchange has now entered public testnet phase (Binance Chain and Binance DEX).
The general uptrend in the crypto markets as well as the positive developments outlined above.
***The "Crypto Bottom" and "Crypto Peak" crypto trading indicators used in this analysis is included as part of the Crypto Trade Signals subscription.***
BNB sold-off HARD!
BNB has been on a tear recently after bottoming out around $4.00
We can see there have been a few CRUP candles printed on the Daily, which does show strength and the last one would have yielded you 20% while the one before that bringing home over 50%
We did see ridiculous sell volume yesterday on the BTT event dropping prices back down sub-$6
Price was solidly above all EMAs but we have now dropped below all of them, which isn't the best sign for longs
We could see a support level near $5.30, which has been building up since its last run and the odds of a revisit are high now after this big drop
Unless we push back above all the EMAs, that would be the spot to look for longs BUT keeping an eye on BTC is key as if we break to new lows BNB will not be spared
Thanks guys!
BNB Pumps Before Coin Burn DatesBNB is looking very attractive now. 1D MACD has crossed bullish and RSI is still low. Coin burn pumps start ~45 days before burn dates. Round 9 of Binance Community Coin voting starts today as well. Next burn is October 15, so that means get in now to get all of the gains.
Binance Coin : loses Your BTCBNBBTC Elliott Waves 12345 have done, Elliott Correction Waves ABC - in the process. BNB broke the strong support line and returned to testing it(touched the ex-support line), bounced from the line down with broke-thought the flag and completed Wave B by this. Now it's forming the bearish pennant.