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Binancecoin

Binance: bullish trend continuationThe market is in the uptrend on the Daily timeframe. The market has been in the deep correction for the last few days. The price reached the support level with the borders of $275 – $282.5 and the pullback was formed. A pullback buying opportunity on the Daily timeframe was formed. The movement in recent days has formed a new support level, the lower border of which practically coincides with the previous support low. The next target for the bullish movement is the resistance level with the borders of $330 – $336.8, formed on August 7 – 14. If the market is closed above this resistance successfully, the price is likely to move forward to the target #2 – it is the resistance level with the borders of $402 – $413 formed on May 4 – 5. Long positions will remain relevant until the market is above the nearest support level on the Daily timeframe, the lows of August 19 – 21. The borders of this support are $276 – $279.
Long
by JIexa1701
Possible head and shoulders on BNBIf the 275$ level fails to hold i will short it in the retest of the breakout, very unlikely due to the strength that BNB is showing. If the US Dollar continues to go higher all will collapse very hard. The most likely thing to happen is the invalidation of the pattern and further upside movement. So: If 275$ is broken with a daily close under it i will open a short with target 188 . If 300$ is broken to the upside again and we get a daily close over it , it signals a long and therefore head & shoulders pattern is invalidated. I will like to give me boost if you agree with me and i will be glad to see what do you think in the comments.
by piccard54
BNB is going Bearish ?Hello everybody , BNB on daily Time frame is experiencing a bearish trend which recently it's trend line made it's job as nice dynamic resistance. In this area in 4H Time frame we can see two different patterns (possibly), a Head & Shoulder and a Cup & Handel which if the price breaks down horizontal resistance (Neckline) we can have a bearish pattern , also our bullish trendline (Yellow) is getting broken. I draw the possible path for you and showed a trading setup in the chart which it's entry point is after a pullback (it's not an advice please take it as an option to analyze it for yourself). thanks for following me , please feel free to share your idea with me BINANCE:BNBUSDT
Short
by ArminYousefi_Trading
BNBUSD rejected on the 1D MA200 but only postpones the rallyThe Binance Coin (BNBUSD) has been on a +85% rise since the June 18 low and only last week it hit its 1D MA200 (orange trend-line) for the first time since April 05. As then, the test has been unsuccessful and the price got rejected. The pull-back is so far contained above both the 1D MA100 (green trend-line) and the 1D MA50 (blue trend-line). With the RSI on the 1W time-frame having broken above its Lower Highs trend-line on July 21, this may be consistent with the strong buy signals that (excluding the March 2020 COVID crash) BNB gave at the start of each of the previous parabolic rallies. As you see on Feb 06 2019, Feb 03 2020, and April 15 2020, when the 1D MA200 broke, a Higher High was made (probably if it wasn't for the March 2020 Black Swan event, the Feb 03 break would have been a consistent rally). The key is the 1D MA100. On all consistent rallies, as long as that level held as a Support, BNBUSD kept fuelling the rise with Higher Highs. The 1D MA100 is now at $272.5. A pull-back near it is a strong buy signal, break below it is invalidation, while if a break above the 1D MA200 comes first, it's a break-out buy signal into the new Bull Cycle. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
BINANCE:BNBUSD
by TradingShot
1
Bitcoin: whale reasoning. This is how Investment funds workBitcoin (BTC) The main crypto is in a similar situation to the US500 and the Nasdaq 100 which anticipated the breaking of the Falling Wedge and before the Apple indices which is the most capitalized company on Wall Street. The Hedge Fund reasoning is quite simple and logical. In the accumulation phase, or at the end of the bearish phase of the market, first buy the best and safest products such as Apple, Microsoft which consequently push the indices to turn upwards as is happening now and then go to other alternative assets '' '' like the crypto market which is increasingly subject to the Wall Street BOT. So that we find the Crypto market '' lagging behind '' the stocks market is a completely normal thing and it has always happened. If Wall Street continues in the buying direction as it is happening now, in a few weeks we will see an important and long-awaited bullish phase in the digital asset market. The Chart: The price found support in the all-time high of 2017 at the price of 20k and is stuck in a Falling Wedge as it will break the resistance diagonally and will have great room for growth. Almost all the Altcoins that are not Lottery Tickets are following the same conformation as the BTC and therefore of WS. The golden rule is to buy the best crypto and not lottery tickets PS: RSI of stocks is already in the area higher than 60% in the BTC we are still below 50% as there will be the intersection we will have a great trend change signal (Finally!) If you liked the analysis, leave a like, comment and follow us. LPI, grow with us.
by LPI_Investments
Binance Coin (BNB/USDT) - 4HR - Potential Bearish Momentum MACDBinance Coin (BNB/USDT) cryptocurrency is in a intraday uptrend (15-minute, 1-hour, 4 hour time frames). However, the MACD indicator is beginning to exhibit potential bearish momentum. Binance Coin could pullback down about -4% over time for swing trading (especially if Bitcoin pulls back down as well). Watching intraday price action for signs of a double-top or resistance failure. note: all content is Not financial advice. trade at your own risk.
Short
by NoFomoCharts
#Binance Coin Recoils after a 70% Rally, BNB Support at $300#Past Performance of the Binance Coin BNB is undoubtedly one of the top performers in the recent past. It is currently up 70 percent from 2022 pits despite losses in recent days. The primary trend is upwards, and resistance is around $340. This level coincides with May 2022 highs, a critical liquidation zone that buyers must overcome for a clear-cut trend definition. Binance Coin Technical Analysis After solid gains from mid-June 2022 following sharp losses in H1 2022, BNB rebounded solidly. At spot rates, the coin's prices have nearly doubled. All the same, there are lower lows versus the upper BB, suggesting weakness and tapering momentum. The immediate support is the middle BB, the 20-day moving average, and later $300, the psychological round number. Therefore, provided these reaction levels hold, aggressive traders can ramp up in expectation of trend continuation. Meanwhile, playing your trades close to the chest means waiting for a break above $340 and May 2022 highs. In that case, BNB bulls may ride the resulting trend, ideally if the breakout bar has high trading volumes, targeting $360 and $450. What to Expect from #BNB? Bulls are confident, but cracks are beginning to emerge, questioning the strength of the uptrend. The first resistance level is $340 and must be broken if buyers need to sustain and continue with the current leg up. Resistance level to watch out for: $340 Support level to watch out for: $300 Disclaimer: Opinions expressed are not investment advice. Do your research.
Long
by Bitcoin_Analyzer