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Binancecoin

BNB/USDT to Breach Through the Consolidation & hit $300 Soon!Bitcoin has been relaxed a bit for the past couple of days which has paved way for the other altcoins to thrive. Given an opportunity the Binance Coin (BNB) price may lead a significant upswing to reach $300 at the earliest. The Binance Coin price appears to be gearing up to display a massive price action as it is constantly accumulating strength within the decisive symmetrical pennant The price may fluctuate significantly for another couple of days or weeks until it reaches the tip of the triangle post to which a breakout may be imminent depending on the volume induced. The price is believed to breach through the upper resistance and surge beyond $300 to reach one of the important resistance zone close to $323 by mid-February
by Coinpedia-Market-Insight
2
BNBUSDT 4HBNB in the 4H after the sideways price action in the last two weeks of December 2022, formed a bullish channel since the 4th of January 2023, even tested the base of the channel and now the tendency is for it to stress the edge top around $300. Ichimocu cloud with a good greenish thickness in the projection, indicating that buying forces are in control, also confirmed by the MM200, which is pointing upwards again. The chart still shows that the Relative Strength Index (RSI), a momentum indicator, reads 14.,60, signaling to go long, the RSI now has room to continue rising and strictly signals that the price is "oversold". Supports and resistances follow. S: 274.7 / 273 / 264.9 / 256.7 / 245.1 A: 281.2 / 284.7 / 300 ***Considering the purchase of Voyager assets by Binance, where binance is prepared to close the deal with a cash payment of $20 million and an agreement to transfer Voyager customers to Binance US crypto exchange , BNB trend is bullish.
Long
by ferulianov
✴️ Binance Coin Prepares For The Next Jump (50% Now)Binance Coin stays bullish, clearly, based on how the consolidation is going. After the 4-Jan. bullish breakout above EMA10 prices remain strong and slowly creeping up. This type of action we call bullish consolidation and can lead to fast and strong growth. As the last three candles are small... Once it starts moving the following candles become really big and grow speeds up. We've been tracking this one for a while now, the down-wave short-term and the bounce up. From the current price we see a very easy 50% jump in the weeks to come with more if you wait months. Namaste.
Long
by MasterAnanda
3
Breaking its symmetrical triangle patternBNB had a nice rally last week, breaking its symmetrical triangle pattern from above. The condition for breaking these resistances, which were considered in the range of 250-256 dollars, was that a strong bullish candle would cross these levels. Three days ago, these resistances were broken with a strong candle, and these ranges have now become strong support, which we can expect a positive reaction from these ranges if the price enters a corrective wave. BNB's short-term targets are in the $270-$280 range if the market remains in favorable conditions. The bottom line is that BNB is still bearish on the daily time frame, and the risk of a return to previous support remains. Price growth in the short term can only be bullish, and to stay bullish, the minimum resistance of the $280 range needs to be broken.
by MonoCoinSignal
6
✴️ 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.
Long
by MasterAnanda
2
✴️ 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.
Long
by MasterAnanda
36
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. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support me, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- You may also TELL ME 🙋‍♀️🙋‍♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁 ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
BINANCE:BNBUSD
by TradingShot
1
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.
BINANCE:BNBUSDLong
by MarketIntel
💲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.🚀
Long
by InvestMate
7
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.
by VincePrince
7