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2023 Showdown: Can Binance Coin Hold the $200 LineHello traders and investors! If you appreciate our charts, give us a quick 💜💜. A remarkable similarity between the current Weekly chart of BinanceCoin ( BINANCE:BNBUSD ) and the 2018-2019 market has become evident. It's as if we're witnessing a large fractal pattern unfolding before our eyes. However, as we stand on the brink of 2023, there's a critical juncture approaching - the $200 support level for $BNBUSD. When we examine this fractal in the context of 2018-2019, it suggests a scenario where the price could potentially break down, possibly leading to a significant 50% decline to approximately the $100 level. This pivotal moment at the $200 support level warrants our keen attention, as it could have substantial implications for the future direction of BinanceCoin. The echoes of the past are compelling, and it's essential for traders and investors to stay vigilant and monitor this unfolding pattern closely.
CRYPTO:BNBUSDShort
by Vestinda
BNBUSDT - Price can make one more move up and then start to fallHi guys, this is my overview for BNBUSDT, feel free to check it and write your feedback in comments👊 After price bounced down from $226 points, it declined below $220 resistance level, which coincide with resistance area. The price tried to rise but failed and declined to $205 support level, which is located inside support area. Also, BNB entered to rising channel, where it made an upward impulse higher than $220 level, but soon declined back, thereby exiting from channel. Then price started to trades in flat, after which it fell to support level, and a not long time ago bounced and started to rise. Now I think that BNB can rise a little more and then bounce down to $205 support level. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Short
by WalterMoon
9
HelenP. I Binance Coin can bounce up and reach resistance zoneHi folks today I'm prepared for you Binance Coin analytics. A few time ago price declined from 222 points and entered consolidation, where it declined until to 212 resistance level, which coincided with the resistance zone. However, after this movement, the price rebounded and started to rise to the top part of the consolidation. When it reached the top part, BNB at once bounced down to the resistance area, where it some time traded and later rebounded down to 204 points, thereby exiting from consolidation and breaking the 212 resistance level. A not long time ago Binance Coin bounced and made an impulse up to the resistance zone, but recently price declined back and at the moment it trades very close to the resistance level. I expect that the price can finally break the resistance level, make a retest, or at once continue to move up. Therefore I set up my target at the 217 level. If you like my analytics you may support me with your like/comment ❤️
Long
by FirstNameHelen
8
Binance Coin can bounce up of support line and exit of triangleHello traders, I want share with you my opinion about Binance Coin. Looking at the chart, we can see how the price a few time ago declined to the 237 resistance level, which coincided with the seller zone and at once rebounded up and continued to rise inside the upward channel. After the price reached the resistance line of the channel, it started to decline and in a short time, BNB declined to the 237 level again, broke it, and made a strong downward impulse to support line of the triangle, thereby exiting from the upward channel and breaking 237 and 213 levels. But after this movement, the price at once bounced up and rose to the resistance line of the triangle, breaking the 213 level again, which coincided with the buyer zone. When BNb reached the resistance line, it soon rolled down to the support level, and even recently tried to back up, but failed and bounced back to the 213 level. Now Binance Coin trades very close to this level and I think that the price can decline to the support line and then start to rise to the resistance line. Also, BNB can exit from the triangle and continue to rise, for this case, I set up my target at the 224 level. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
9
BNBUSDT - Price can break resistance level and then make retestHi guys, this is my overview for BNBUSDT, feel free to check it and write your feedback in comments👊 A few time ago price started to trades inside rising channel, where it fell to $215 level and then continued to rise. Later price made strong upward impulse to resistance line of pennant, thereby exiting from channel and breaking resistance $225 level. But then BNB bounced down and declined below this level and some time later declined to support line, breaking $215 level too. Also recently, price bounced up and tried to rise back, but failed and now trades in support area near resistance line of pennant. Possibly, Binance Coin can exit of pennant, break resistance level, and make retest, after which it starts to rise to $222 level. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
11
HelenP. I Binance Coin can make correction and then bounce upHi folks today I'm prepared for you Binance Coin analytics. Some time ago price bounced from the 214 support level and started to rise inside an upward channel, in which it reached the 224 resistance level. Then, BNB exited from the channel, and made a strong upward impulse to 235 points, thereby breaking the resistance level, which coincide with the 224 resistance zone. But soon, the price rebounded down back and even declined below this level. Price tried to rise, but failed and continued to fall to 214 support level, which coincided with the support zone. As well later BNB declined below this level, where it some time tarded in the support zone and later rebounded back. At the moment, Binance Coin trades near the support level and I expect that the price can make a small correction to this level and then continue to move up. Therefore I set up my target at 220. If you like my analytics you may support me with your like/comment ❤️
Long
by FirstNameHelen
7
Support Tested as Price Trends DownwardAs anticipated last week, Binance Coin retraced its movement to the resistance zone between $229 and $234. Currently, it's heading back down towards its support level at around $207. There's now a higher likelihood of the price reaching the $200 mark. In the near future, we might encounter resistance around the $216 mark, possibly leading to a negative response. On the flip side, the support at $207 could trigger a positive reaction initially, but there's a chance it might be breached, extending the downward trend towards the $200 range.
by MonoCoinSignal
9
BNBUSDT - Price can break support line and continue fall to $210Hi guys, this is my overview for Binance Coin, feel free to check it and write your feedback in comments👊 A few moments ago price declined to $220 resistance level, which coincided with resistance area. Also, BNB entered to falling channel, where it broke $220 level and declined to support line of channel. Next, price tried to rise, but after it reached resistance line of channel, BNB bounced down to support line. Then price started to rise and in a short time, it rose to $220 resistance level, thereby exiting from falling channel. But then, Binance Coin bounced from resistance level and fell to support line, where it continues to trade very close. In my mind, BNB can rise to resistance level and then bounce down to $210 level, breaking support line. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Short
by WalterMoon
10
HelenP. I Binance Coin can break support level and fall to $205Hi folks today I'm prepared for you Binance Coin analytics. Some days ago price bounced from 232 point and made a strong impulse up to the trend line, thereby breaking the 245 resistance level, which coincides with the resistance zone. But then it started to decline and in a short time fell below the 245 resistance level, where it some time traded and even later broke the trend line and entered to resistance zone. A short time later BNB rebounded from the resistance zone and made a strong downward impulse to the 215 support level, which coincided with the support zone. But soon Binance Coin broke the 215 support level and fell to the trend line, where it some time traded and then rebounded higher of the 215 level. Now price continues to trade near this level and I expect that BNB can rise a little more and then start to fall to the support level. Binance Coin can break this level and then continue to decline. Therefore I set up my target at the 205 level. If you like my analytics you may support me with your like/comment ❤️
Short
by FirstNameHelen
10
After exiting from pennant, Binance Coin can continue to growHello traders, I want share with you my opinion about Binance Coin. Observing the chart, we can see that the price a few days ago traded inside a big range, in which it some time declined to the 238 resistance level, which coincided with the resistance area, but at once rebounded to the top part of the range. After this BNB bounced and started to decline to the resistance level again, but this time price broke the 238 level and made a strong downward impulse below the 215 support level, thereby exiting from the range too. Then Binance Coin rolled up and tried to rise, but failed and declined lower to support line of pennant. Later, the price rebounded from the support line and rose to the resistance line, thereby breaking the support level, which coincide with the buyer zone. As well recently BNB exited from pennant and now trades near. Probably Binance Coin can decline to the support level, and then it can rebound from this level and continue to move up. For this reason, I set up my target at the 225 level. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
8
BNB Short-Term Vision !Hello Guys 🙌 Let me tell you something clearly. it's not financial advice. it's just my vision of the chart of BNB.USD I wanna share this vision with you. That's all. Please read it carefully and tell me what you think. As you see the main trend is still bearish. because we are under the Komo cloud. The price is far from Kijun-sen. As we know the price is so eager to be close to Kijun-sen and because of slowing movement In Kijun-sen, the price should be waiting to reach Kijun-sen. So, we can expect to reach the price of 225-230 USD and then the next scenario will be activated. So after that, we have to wait for a negative switch between Tenken-sen and Kijun-sen which can lead to further drops. I specified the short-term target. after breaking the triangle to the price we expect to move. we have two targets. the first one is a Yellow arrow and the second one is a Red arrow. (The last swing) The main support Zone of around 180-185 USD is everything for Binance coin. I hope Binance Coin never loses this zone. if the price loses that, everything will change for Binance coin and all the market. Do you agree with me? do you think Binance coin will lose the main support one and drop? please do not forget to Like, share, and write your comments below the link. I'm so eager to know what you think. and what's your favorite movement in Binance coin? Share your thoughts in the comments 🙏 Don't Forget To Push The Boost (Like) Button and Follow Me for more! Best Regards , Ho3ein.mnD
BINANCE:BNBUSDShort
by Sticky-Stock
3
BNB Binance Coin (Long Term)Hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions. I suggest you keep this pair on your watch list and see if the rules of your strategy are satisfied. Today I want to talk about BNBUSD Before that, I want to remember It's not financial advice. I'm just sharing my view and opinion of the chart. Please do your own research. As seen on the chart The price is in the Support zone and I expect the price to react to this support again. But if the price loses this support zone everything will be difficult and the situation will be changed. This causes a drop in the market, which, as you know, can lead to a FUD in the market. so I expect we lose the first support zone at around 185 USD and move to 60-70 USD and if the second support zone one cannot support correctly the last support is almost 30 USD It's a fabulous zone to buy and Hold BNB for a long time. We will never see this price anymore. In other words, I have to say BNB has a very high target in a bull market. Buy BNB and Enjoy Please like, follow, share, and comment if you enjoy this Idea, Also share your ideas and charts in the comments. Wish you health and wealth. I hope you will fulfill your ambitions. Sincerely Yours
BINANCE:BNBUSDShort
by Sticky-Stock
3
BNB is the best asset now!Hello, everyone! While most of influencers are talking about some FUD which can happen with the Binance, we don't believe in that because Elliott waves are superior and it told us that BINANCE:BNBUSDT is an extremely strong asset which has likely reached it's bottom. Let's take a look at the BNBUSDT price chart. We consider the beautiful 5 waves impulse to the downside. Wave 3 bottom can be defined as the minimum value at the awesome oscillator. After that the wave 4 has been represented as a flat correction and final leg down looks like the wave 5. We suppose that wave 5 has been already finished because we have the bullish reversal bar at the very bottom. This bar has the great angle with the alligator. Moreover, momentum at the AO has been reversed and it formed the bullish divergence with the BNB price. We don't know if price has finished the global bear market or not at this point, but bounce at least to Fibonacci retracement at $280 is anticipated anyway. There we will decide what is coming next. Best regards, Skyrex team __________________________________________________________ 🔥Please, follow us and smash the rocket🚀 button to support us🔥
Long
by Skyrexio
BNB ROAD MAP (1D)Recently, many margins have been created for Binance and there are many concerns that this coin will experience the fall of freedom. But the chart is really behaving correctly and logically, and we think it is unlikely that what happened to luna or ftx will happen to Binance as well. Considering the temporal behavior and the number of correction branches we observed, we realized that there is a high possibility that we are in a diametric correction structure. I marked the beginning of correction in the chart. From where I have marked the red arrow, this coin has entered its large and complex corrective pattern Now what is clear is that if the identified pattern is correct, we should be inside wave E of this diametric. The green area is a low-risk area for buying, especially for those who are holders. I believe that those who are even holders should have a specific stop loss. I specified the invalidation level. If a daily candle closes below this level, this analysis will be violated. Our first target will be the upper red area. You should be careful that the time frame of this analysis is daily and time-consuming.
by behdark
3
One more drop to 185First, we look at BNB/BTC on weekly chart BINANCE:BNBBTC has the support around 0.006881 - MACD divergence - Weaken Selling Pressure shows on Volume So I expect price will bounce back when hit the support Second, we look at BNB/USDT on daily chart After, BINANCE:BNBUSDT has broken down the support and dropped to 203.4 Now, it's pulling back to the resistance 235 I expect Binance Coin will down more to 185 if it's failed at resistance zone Wait and see next move
Short
by trieutv
3
Channel Break Leads to $200 Support Test Amidst Market ShiftsOver the course of the previous week, an interesting shift occurred in the trajectory of Binance Coin (BNB)'s price movement, marking the end of its existing range trend. This shift was characterized by a noteworthy event: the breach of the lower boundary of the channel. This development was propelled by a surge in selling pressure across the market, effectively driving the price of BNB downward, ultimately settling around the $213 mark. What merits closer attention is the profound impact of this breach on the broader channel designed to encapsulate Binance Coin's price action. As the foundation of this larger channel was shattered, a consequential transformation took place. The area that was once a floor now transitions into a critical resistance point. Anticipating such a scenario, market analysts had assigned a higher likelihood to a price descent towards the $200 range. This projection materialized, underscoring the predictive capability of these analyses. Consequently, the movement towards the $200 range becomes a pivotal juncture to watch, bearing the potential for various implications. A prospective retracement back towards the resistance band within the $225-230 range could incite another adverse response from the market, possibly leading the BNB price to revisit the $200 support level. The significance of the $200 range in this context can hardly be understated, as it serves as a confluence point for crucial support levels. This overlap contributes to its potential to trigger a positive response and spark heightened demand for the BNB price. In essence, this recent sequence of events marks a significant departure from the previously established range trend for BNB, and the breach of the channel's lower boundary has introduced new dynamics to the coin's price action. Observing the interplay between the resistance-turned-support levels and their influence on market sentiment will likely provide valuable insights into BNB's short-term price trajectory.
by MonoCoinSignal
13
BNBUSDT - Price can make small movement down and then bounce upHi guys, this is my overview for BNBUSDT, feel free to check it and write your feedback in comments👊 Some time ago price declined from resistance area to support line, thereby breaking $233 resistance level. But after this BNB at once bounced up and made strong upward impulse to $261 point, breaking two resistance levels. Then price fell back and also entered to flat, where it broke support line and later declined to $235 - 231 resistance area. Next, price exited from flat and fell to $215 level, but a not long time ago Binance Coin broke it. At the moment price trades below and I think that BNB can decline a little more and then bounce up to $225, breaking resistance level. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
12