Binance Coin Analyze (12/04/2022)!!!
Binance Coin wasn't able to break the resistance zone.
I expect Binance Coin will go down to a heavy support zone again, and this zone can be a good chance for buying BNB for your portfolio.
Binance Coin Analyze, ( BNBUSDT ), Timeframe 2Days⏰.
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Binancecoin
BNB Binance Coin | Prepare for a Sell-Off !Yesterday, CZ Changpeng Zhao, the CEO of Binance, was evasive when asked by CNBC if he has cash reserves to cover $2.1 Billion from the FTX collapse. I don`t believe he has the money.
I think BNB Binance Coin has come a long way. it was fun. My first investment in it was in 2019 around $6.5 to catch the MATIC ICO exclusively on Binance.
Now the volume is decreasing while the price is still holding.
I predict a selloff is about to come!
Write me your price target!
BNB FUDCZ is a beast and can do all that he wants correctly, however fud is unstoppable. with the state of the crypto market as a whole this isnt looking good. I dont see real functionality of bnb besides saving on fees, ive brought this up on my youtube before it was unjustly banned so hopefully some of you were able to watch those reviews. Either way FTX just nuked the entire market and now CZ is dealing with the toxic mess left behind by that scrub. Clearly seems to be a industry plant who was brought into crypto to tank the market to open the doors for regulation from the alphabets.
Regardless of what happens fundamentally, if BNB loses this level around 220 than its free fall time folks. Cya at $30 back where it began.
Binance in troubled waters - Downside imminentCrypto is NOT in a good space right now. The coins and infrastructure aren't the problems, but the exchanges who run them and facilitate the transactions.
I know crypto is the future and I'm super bullish in the long run. But right now, we need to protect ourselves from unnecessary scams and let the long winter play out until things start to be under control.
With Binance, I don't have great news.
CZ is under investigation of money laundering and the financials with it's practices.
We've seen over $3 billion from withdraws taking place from a $64 billion pool of money. This is more of a stroll on the banks, but it has set a precedent and the ramifications can be drastic in the near future.
With the US justice department and the FED having eyes on Binance since the FTX collapse and mismanagement, this isn't a confidence booster for investors.
We are in protection and preservation phase for crypto traders and I don't know who to trust to be honest.
Anyway, the chart is also showing strong downside.
M Formation formed over the last few months and the price is breaking down.
The Moving Averages are crossing down and the bias has officially become bearish.
My first target is $166.70.
Sorry for the grim analysis but price action does NOT work on feelings or gut.
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Timon
MATI TRader
BNBUSD - sorry but you won't like itFirst of all, we would like to apologize if you are BNB bull and this trading idea made you shaking or you already have a panic attack.
But let's be honest now! BNB pumped like crazy and didn't give it back yet in the current bear market.
Is it impossible for BNB to drop to $45 area? Probably no. It would be 93 % drop. In 2019 bear market ETH dumped over 94 %.
In the current bear market there's a lot of FUDs around. We already saw FTX collapse, rumors about crypto.com insolvency and many more. It looks that CEXes are in trouble .
Perhaps we will see more FUDs regarding Binance and it would be a trigger for BNB price to dump heavily?
We believe that if BNB breaks down below 184$ and there are more / new FUDs around, the price may drop to 45$ again. There's literally no support anywhere between.
Many won't like this trading idea, but it is what it is.
Probably it will take some time to drop so low, but if the bear market for risk on assets were to continue , it will happen sooner or later.
From another hand we expect Binance to be a leader amongs crypto exchanges therefore $45 would be a golden opportunity for a long-term investment.
Binance Coin Final Shakeout Of 2022 | 2023 RocketShip!We are about to see the final shakeout of the year 2022 for Binance Coin (BNBUSDT).
After this shakeout, we are likely to see green to start positive the year 2023.
We are looking at mainly two scenarios.
#1 | The green arrow if the bears are weak, bulls strong, we get just a small shakeout that ends in a higher low and soon growth.
#2 | The red arrow if the bulls are weak, bears strong, a retest of June's low and then 1960s technology rocket-ship up.
Keep this in mind.
Our phones, TVs, computers and all technology advances very fast, everyday... Floppy, CDs, DVDs, Blue-Rays, USD Sticks.
But the spaceships... Oh wait, rocket-ships because they never moved ahead.
The rockets have the exact same technology as in the 60s... What about that?
Namaste.
A shallow correction is expected from Binance Coin!BNB had a range trend during the last week. The support provided for Binance Coin in the $282-$275 range has had a positive reaction, and we can expect this range to have the power to reverse the trend in lower times. Therefore, considering a downward trend line on the last pivots and in case of breaking this trend line, we can expect the price to grow up to the targets of 310-315 dollars. We expect a more complete approach to the specified support range for the short term.
But in any case, due to the previous upward wave of BNB, which is considered a strong wave, a shallow correction is expected from Binance Coin. In terms of time, the corrective wave is nearing its end, and we can expect the continued growth of BNB price this week. Also, another point that can be a sign of price growth is the presence of a large number of bullish candles among the bearish candles of the corrective wave. Therefore, the ratio of these candles is equal, increasing the probability of buyers entering them.
InvestMate|BNB/USDT End Of Accumulation💲💲BNB/USDT End Of Accumulation.
💲As seen on the chart. After the first breakout wave which had its beginning on 21.11.2022.
💲We fell into a flat correction, repeatedly testing the support zone. Ultimately, the support zone held the price and we saw a tentative breakout upwards in the last few days.
💲I believe this is just the start of something bigger.
💲Over the next few weeks we will see the price pushing higher and higher.
💲The first resistance zone is a cluster of fibo levels. The first level is 0.236 of the upward wave from the 21.11.2022 bottom to the 26.11.2022 peak. The second level is 0.236 of the entire downward wave from the 2021 peak to the 2022 bottom.
💲This zone may hold the price for a short time.
💲The next key support zone is a cluster of two levels. The first is the double peak of 26.11.2022 and the second level is 0.382 of the upward wave from the bottom of 18.06.22 to the peak of 08.11.2022.
💲The scenario I'm playing out is a continuation of the upside with a reaction at the resistance zones. 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.
💲*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.🚀
BNBUSD can see a big upside if it breaks out of this rangeThe Binance Coin is trading in range, a wide belt that is holding since mid May and has broken only twice. Besides that, we see a Channel Up since June 18.
Perhaps the strongest formation right now it the repetition based on the RSI of the August/September price action. If extended, this can break above the range and within 380 - 400, which will make a Higher High on the Channel Up.
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$BTC : Going for 18K or 15K ? Let's CBy reviewing the November 27th analysis of BTC , we can see that we had 2 scenarios, and one of those scenarios was collecting BUY STOPS liquidities above $17,000, and this is exactly what happened, of course, the bearish scenario of the last analysis failed! Currently, we have two Institutional supports, one is $16,900 and one is $16,500! If the price consolidates above these levels, we can expect the price to grow to $18180 as the next target!
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⚠️ This Analysis will be updated ...
👤 Arman Shaban : @ArmanShabanTrading
📅 12. 01 .2022
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Binance Coin Analysis 26.11.2022Hello Traders,
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