✴️ Binance FUD Is Back... No Voyager Buy!We see the news today and Binance cannot buy Voyager due to some legalities... We are guessing the FUD is not over but, this isn't going to the affect the chart, this pair, BNBUSDT, the market.
This can be considered a piece of negative news and it fails to push BNB lower, which is a positive signal.
The market has a rhythm...
The market has a cycle and its own living force.
The market decides its time to recover... And it will recover no matter what any one body or institution decides or does.
Ok enough of that...
Binance Coin continues bullish with a strong RSI while trading above EMA21/10.
We have a 60% target mapped on the chart and a tight stop-loss of 7%.
The numbers can be adjusted to your liking...
You should do your own research, build your own plan if you decide to trade.
I wish you tons of luck of course... And massive success.
Namaste.
Binancecoin
✴️ Binance FUD Is Over Thus Binance Coins Can Grow!The fear, uncertainty and doubt following Binance around like a huge black cloud is being dispelled... We all know about their shenanigans but they survived this bearish wave... Which will only make them stronger... Let's hope they get their act together and work to support their clients rather than trade against them.
Ok, the chart... Binance Coin vs Tether (BNBUSDT)
We have a long-term higher low in place.
The very important level to look for is $220.
Above $220 we are good and friendly/bullish with Binance Coin (BNBUSDT)... But if it goes below this level the bears are back in control.
Regardless of the shaking and uncertainty, this chart is under BULL control.
The orange arrow shows the potential...
The light blue space is for the support level/stop-loss.
This is not financial advice.
Cryptocurrency trading is a game for adults.
Adults are responsible for their own actions.
What about you my friend... Are you responsible for yours?
We lost all of our money on Binance and we take it as only our own responsibility based on our own actions, nobody to blame but ourselves... But we don't trade there anymore.
Namaste.
BNB ANALYSISHi, dear traders. how are you ? Today we have a viewpoint to SELL/SHORT the BNB symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
BNBUSD Strong break-out yesterday but critical 4H MA200 test nowThe Binance Coin (BNBUSD) has had a major bullish break-out yesterday as it broke above the Lower Highs trend-line that was in effect since November 05. At the same time it crossed above the 4H MA50 (blue trend-line) but is so far being rejected on the 4H MA200 (orange trend-line).
This is a critical test as BNB has almost completed a full month of trading below the 4H MA200 and failure will invalidate yesterday's bullish break-out bias and could reverse investor psychology back to bearish, selling to the 4H MA50 short-term and 240.00 medium-term.
A break above the 4H MA200 however, with the 1D MACD on a Bullish Cross, should start testing the upper Fibonacci retracement levels: 0.382 at $274, 0.5 at $290 and 0.618 at $307.
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Financial Wave. Binance coin(BNB)BNB is one of the few coins that we see as having a high potential for the future and we thought it would be interesting to see how it develops in a wave pattern.
Our priority scenario in Binance Coin is the development of wave 3, which can take the price to $299 and above. BNB falling below $240 will change our markup.
Binance: One step at a time 🍼Although we're expecting Binance to shoot towards the sky and exceed the resistance line at $398.40, our beloved coin is still moving sideways and taking baby steps. Imminently, Binance should pick up the pace and head into the pink target zone between $567.20 and $781.70 to complete the pink wave (3). If the coin continues to slack off, it might end up in our alternative scenario, where it would fall below the support line at $183.40. Within the green target zone, it should finish off the grey wave alt.II before heading back North.
💲BNB Chance For Growth?💲💲BNB Chance For Growth?
💲Binance coin bounces from the support zone.
💲Looking at the current situation, it's hard not to get the impression that most cryptocurrencies don't have much room left to continue their declines.
💲BNB positively surprised today by bouncing upward.
💲It looks like it could be the beginning of something bigger.
💲Given the technical environment in which it is hard to see the possibility of deeper declines.
💲It looks like the next days/weeks will bring us an upward accumulation.
💲The key resistance zone is around $288 where the fibo level of 0.382 of the last downward wave is located.
💲The scenario I'm playing out is a continuation of growth to the vicinity of the resistance zone. I don't exclude the possibility of changing the scenario if the market situation changes abruptly. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully.
💲 *Please do not suggest the path I have outlined with lines it is only a hypothetical scenario.
🚀If you appreciate my work and effort put into this post then I encourage you to leave a like and give a follow on my profile.🚀
BINANCE-COIN, Solid Formation to Set Up Breakout!Hello Community,
With the end of 2022 important developments are going on in the Cryptocurrency Market and as the past years have shown the end of the year and the first weeks of the next year were always determining periods of intense increased volatility, therefore the possibility is high that this repeats this year again and in this case, I analyzed the cryptocurrency market finding interesting setups within the market with Binance-Coin showing up with a great setup to move forward with.
As when looking at my chart we can watch there how Binance-Coin is building this main descending-triangle-formation which has a similar shape to this currently developing in Ethereum which I pointed out some days earlier. Now as Binance-Coin has already come quite far with the completion of the waves A, B, and C of the formation there only remain two more waves D, and E to finalize the coherent wave-count developing within the formation and in this case Binance-Coin also has the major support cluster within the lower boundary of the formation from where a bounce is likely once the wave count has been completed with the final wave E.
Taking all these factors into the consideration now Binance-Coin has formed a solid formational structure from where a final breakout has a high likelihood possibility to come up with and the likelihood possibility increases once the wave count within the formation reaches the final stages. When the breakout and increased volatility finally push above the upper boundary of the formation as seen in my chart this will be the setup from where Binance-Coin will continue with increased volatility and activate the target-zone seen in my chart, once this target-zone has been reached further considerations need to be made especially in terms of with what volatility and how these targets are reached.
In this manner, thank you everybody for watching, and enjoy the last days of 2022 with your friends and family to look forward to the beginning of a new year.
The information provided is only educational and should not be used to take action in the markets.
BNB Price Update: Inspecting a Rare Flat Corrective PatternBinance Coin's (BNB) weekly chart printed a long-term corrective flat pattern following the sell-off from May 2021 all-time high. This is rare corrective pattern, so let’s review this pattern and why $200 is the most significant BNB support level.
BNB Regular Flat
Based on the Elliott Wave theory, a flat pattern is a 3-wave corrective pattern with a 3-3-5 internal wave structure. Down from the all-time high of $704, wave A ended at a $211 swing low, and the corrective wave B ended at a $696 swing high.
Third wave C has been unfolding down from the $696 swing high in what is almost always a 5-wave structure. Here we can note an exciting price development: while wave C already extended beyond the wave A low, the internal subdivision only shows 4 waves.
Usually, the last wave in a 5-wave sequence breaks beyond wave 3, but sometimes the fifth wave fails to move beyond wave 3 in an anomaly known as a truncated fifth wave. This makes the whole BNB corrective pattern extremely rare.
BNB Support Level
The $200 level plays a major role in the whole flat pattern because, on a weekly closing basis, both wave A and wave C couldn't break below that level. While wave C extended towards the $183 low, it could not break the $200 support.
In the short term, as the price approaches the apex ($200 support level), the 20-month corrective pattern may be near its completion phase.
BNBUSD Short-term buy signal using Bollingers and RSIThe Binance Coin (BNBUSD) is on a short-term rebound after it broke below its Bollinger Bands on the 1D time-frame. Since May every time that happened while also the RSI rebounded after breaking into oversold territory (below 30.000), the price rose by at least +30%.
Such rise will put BNB at $286.50 near the top of the Bollingers.
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BNB/USDT -32% Down From Our Entry and Still Bearish#BNB/USDT Technical Update:-
$BNB currently trading around $248 and went down to $220
Which is -32% from our Analysis.
Hope you are happy.
Now I am expecting Still BNB is bearish and It can hit below $100
Which will be best entry zones.
Support:- $210/$80
Resistance:- $360
Please Like and Appreciate.
BNBBTC 1DBNBBTc threatened to break through the MM200, but soon retreated and continued above the MM200. At this moment it is returning to the median of the Keltner channel. Allied to this, there are also negative rumors about Binance, which is causing many to sell their assets.
BNB continues with its great fundamentals and Binance resolving these small issues it returns to normal.
Here are the supports and resistances:
S: 0.01377 / 0.01218
R: 0.01588 / 0.0172
FTT vs BNBPlease 1st of all click the boost🚀 button if you want me to post more ideas and follow me to support my work! It's absolutely for free.
This is comparison of FTX Token vs Binance Coin , so if the:
*price is going up, it means FTT is stronger than BNB
*price is going down, it means FTT is weaker than BNB
After strong initial impulse down the FTTBNB has been consolidation for almost a year and formed this triangle. Now the price is breaking down out of this triangle📐 and if it really breaks, I think there is chance for drop to 0.034. TARGET being height of the triangle projected from midpoint of the local range (pink). It's a bold call predicting that FTX Token will lose -65% against the Binance Coin.
As you know both are exchange tokens, so it's sort of Changpeng Zhao ⚔️ Sam Bankman-Fried battle. 3-2-1 fight! Who is gonna be stronger?💪
Check my other stuff in related ideas.
Please boost🚀, comment🗣️, follow me✒️, enjoy📺!
⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.
Is BinanceCoin (BNB/USDT) Closer to Drop 40%?Binance Coin has been negative impacted with the ongoing Binance FUD which began with the platform halting the USDC withdrawals. The panicked traders due to the past experiences, withdrew their holding from Binance which is one of the major reasons of the BNB price is experiencing massive downfall. However, the crypto continues to remain within bearish trap as the market sentiments appear to be not favourable for the bulls. Hence, the price may undergo a notable pullback soon.
In case of a bearish breakdown the BNB price which is testing the crucial support zone just below $250 levels is believed to drop below $200 initially and head towards the next target at around $164. If the price fails to hold at these levels, then may end up test the next bearish target very close to $150. A rebound is much expected at each support zone, failing to which the next lower target cay be achieved. Failing to sustain at $150 may revive the bearish market that may drag the price to a 2-digit figure in no time.
However, the Relative Strength Index (RSI) is displaying a bullish divergance, while MACD is closer to flash bullish signals, pointing towards a minor bounce but only for a short term as the trading volume is fluctuating due to which the BNB price is highly volatile at present.
For detailed analysis, visit Coinpedia.org.
#BNB Tanks below $250, Will it Slide to June 2022 Lows?Past Performance of BNB
BNB dropped nine percent on December 16 as prices pierced below multi-week support levels. Presently, sellers are in charge, and the coin is technically within a bear breakout formation. Therefore, as it is, traders might find opportunities to unload as BNB slips from a critical resistance, former support.
#BNB Technical Analysis
If H2 2022 price action guides, BNB is bullish. From this, traders might interpret the current formation as an opportunity to accumulate at critical support levels, anticipating a bounce towards Q3 and Q4 resistance levels. However, as it is, aggressive traders can align their positions with the December 16 bear candlestick. In a bearish breakout formation, traders can unload the coin on every attempt toward $250. Their immediate target is around $215, flashing with the 78.6 percent Fibonacci retracement level of the H2 2022 trade range. Further losses might see BNB drop to $185, retesting June lows.
What to Expect from #BNB?
BNB is under pressure after months of holding steady above $250. The coin may be lower because of Binance-related FUD. Even so, with BNB below this line, there might be more losses in the short term.
Resistance level to watch out for: $250
Support level to watch out for: $215
Disclaimer: Opinions expressed are not investment advice. Do your research.