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Binancecoin

Long on BNB-USDI'm looking for a high of $310 on the day. I'm not expecting it to do much more than trade sideways. If the preliminary support can be viewed as such, than I suspect we may see a breakout. Bare in mind as we close out Q1, that at the end of Q2 there is a forecasted burn. Which is why you'll see recovery from downtrends. Around this time approximately>>> 2022 : $375.04 USD | 2021 : $228 USD | 2020 : $20:39 USD Current Total Crypto Market Dominance: approximately 4.51% Opinion on regulatory climate: I'm going to accumulate regardless of "news", or "rumors"... I'm aware of the scrutiny surrounding PAXO's... and I'm unbothered by it. It's good to know, but it hasn't changed my perspective to accumulate as much BNB as possible ahead of the Litecoin & Bitcoin Halvings. I'm aware of the 200 jurisdictions having signed onto an FATF agreement to regulate crypto.... the delegates actually did agree on introducing implementation on FATF standards... so the industry will see an introduction of a framework that largely benefits exchange operators such as Binance. How so?... it wont come into effect until the second quarter of 2024. Exchanges have a full year to work with, and adjust to a new global regulatory climate. Those whom are new to market will see the space as "cleaning up"... i welcome it. BNB Chain deployed the most dApps in 2022. BNB Chain deployed 2,163 dApps Global Expansion: Q1 Observations - - CZ plans to expand Binance headcount by 33% in 2023 - CZ suggests algorithmic stable coins may reemerge (a multichain stable) - Tripling of validators too a set of 100 - Introduced third chain; BNB Greenfield + Optimism Roll Ups EOY Guess: Last Bull Run vs this "Mega Bull Run".... i think BNB on the low end touches $900, on the bullish side it crosses $1200 USD, settling to $797 at the conclusion of the bullrun mid Q2 of 2024.
Long
by BIG-BLACK-CRYPTO
2
BNB is the strongest asset!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 shorter than wave 1. It means that wave 5 could be even trimmed one. In the worst case I expect only slight lower low. Taking all these facts into account I am going to buy BNB below $200 , for me it's good price for long term investments. I also want you to bring attention that wave 4 is a complex corretion. It's untradable market struture. This wave can be already finished or make another one leg up, it's really difficult to predict. Best regards, Ivan ________________________________________________________________________________________________ If you like my trade ideas, please smash the boost button to stimulate me make more quality analytics!
Short
by Skyrexio
9
"BNB Technical Analysis: Bullish Long-Term Trend & $2000 Target According to the current market situation, BNB is being traded at approximately $300 and it has been fluctuating between $200-$300 for the past few months. Looking at the weekly chart, $340 is a significant resistance level, and if the price falls below this level, there could be a further downtrend. It is expected that BNB will reach a 0.5 Fib retracement level, which is around $160, but if the price fails to hold this level, the best opportunity to buy may be around $100. A bull flag also forming in the high-time frame, indicating a bullish long-term trend, so it is recommended to accumulate #BNB for the long term. The long-term target for BNB is $2000. The support levels are $250 and $160, and the resistance level is $340. This chart is for educational purposes only, and it is not financial advice.
Short
by CryptoPatel
3
BINANCE BIDOWNJust simple! BNB graphic is clearly rare.. there is a "mysterious force" that before brings BNB prices up from the bottom. Time for BNB to look below. This area has made BNB grow big. So don't forget them, look a lot of them who want to join BNB, unfortunately they are waiting in the underground area. Maybe this feels impossible. But we'll see what kind of news there is when BNB is in the 420-500 area. Maybe a lot of people are laughing, But I suggest you to keep this record.
Short
by pungkymegawan
Binance ($BNB) : Consolidation after rally in near term?Hello everyone! From a technical point of view $BNB is very interesting in short and medium term, having said that, the trend is still bearish and on the daily chart we are approaching an important resistance area around 340/360 (potential wave V). With this in mind, some consolidation pullback are possible, so it might be interesting to look for some reversal patterns on lower time frames (intraday). ...trade with care! 👍 Cheers! N.B.: Updates will follow below If you think that my analysis is useful, please... "Like, Share and Comment" ...thank you! 💖
by TheAnonymousBanker
6
Binance Coin: to be or not to be – the Cross ?Binance exchanger had an interesting announcement to its clients during the previous week. Namely, the company informed clients that it will halt all USDT and USD banking transfers starting from February 8th for all non-US clients. There was no reason mentioned for such a decision, however, there had been a spike of funds outflows from Binance. Luckily, this news did not have a significant impact on the price of BNB, so the coin managed to hold modestly above the $300 support line. Prior to this news, the coin was testing for one more time short term stop line at $330. The RSI indicator was holding above the level of 50 during the week. It is still some indication that the market is still not ready to head toward the oversold zone. As of the end of the week, moving averages of 50 and 200 days finally made a modest cross, however, it will take a couple of more days, until the formation confirms itself. If the real Golden cross occurs, it would indicate trend reversal in the coming period, something that the market was waiting for the whole previous year. Charts are pointing that the week ahead might be a slow one for BNB. On one side, there are significantly decreased daily trading volumes, while on the other side is SEC with its clear instruction that crypto companies should strictly adhere to regulation when it comes to staking products. In case of any sign that SEC is eyeing Binance after they finished with Kraken, it might drag the price of the coin to the downside. Level of $280 might easily be the potential target. On the opposite side, there is some potential for another move toward the $330 short resistance.
BINANCE:BNBUSD
by XBTFX
Binance Coin: what about $350For some time the resistance line at $300 has been a hard task for BNB, however, during the previous week, the coin managed to move further from this level, reaching $330, where the coin is finishing the week. Daily trading volumes continue to be decreased, still, positive market sentiment holds for this coin. BNB started the previous week around level of $300 and reached its highest weekly level at $330. During the week RSI was moving from level of 59 up to level of 70, indicating another overbought market and possibility for short term reversal. Moving average of 50 days started its move toward the MA200 counterpart, indicating potential Golden cross in the future period. Indicators are pointing that BNB might start a week ahead with a short term reversal to the downside. Considering the relatively low level of daily trading volumes, it should not be expected to make any significant move. It should rather move toward the $300 support line in order to be tested for one more time. On the opposite side, there is a decreased probability that BNB might head to the higher grounds and test $350 resistance.
BINANCE:BNBUSD
by XBTFX
1
BNB - one more short?BNB has just hit a long-time downward resistance trendline while drawing a bearish rising wedge in the process. We also have a mid-term resistance line crossing exactly at the touch point of the most recent candle, which is the crossing point of the two aforementioned resistance lines. This, for me, is a triple confluence of resistance. If I was in a long position, I would conider taking at least some profits here into stables or at least BTC. I could also consider opening a short position once the rising wedge breaks down and the break is confirmed. See the chart for details for my assumption on likeliness and potential levels. A break to the upside is more unlikely. I would be extremely careful with an ylong positions and would consider takingquick scalping profits even below the potential price targets - please note these patterns and target prices rarely work when applied in inverse situations! None of this isanyform of advice. I am also still learning technical analysis. Please feel free to comment of criticize but please do so in a civilized manner. ;-) Good luck with your trading.
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by LaiChee81
1