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Binance Price Analysis — August 12Binance Coin (BNB) held on to its bullish bias on Friday after dropping from the $335 area yesterday. The smart chain cryptocurrency slowed its descent at the $320 low, where my multi-month tripwire coasts and has since bounced off the line. We could see a bullish continuation over the weekend, with BNB breaking the $340 line for the first time since early May as the cryptocurrency industry continues to lean towards ending the ongoing bear cycle. At the same time, we could see a quiet tone over the weekend, as has been commonplace in the last few weekends. Either way, I do not see a bearish sentiment taking precedence this weekend. Meanwhile, my resistance levels are $340, $350, and $360, and my support levels are $320, $310, and $300. Total Market Capitalization: $1.19 trillion Binance Coin Market Capitalization: $52.5 billion Binance Coin Dominance: 4.5 % Market Rank: #5
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by Mr_Wogbe_Alex
BNBUSDT, Multi timeframe analysis. Update Hello my friends. This is an update of previous analysis (blow link). Everything is clear on the chart for you like always, BNB has better condition than other coins and tokens. Buy points at 248 and after break the trend line above 285. For safe buy its better to wait for fixation above 350. Good luck. If you like the idea, do not forget to support with a like and follow me for next analysis :) Write your comment and opinion here to me
Long
by ArashBanakar
BNBUSDT, near a sensitive zone. Binance coin. UpdateHello my friends. This is an update of previous analysis (blow link). Everything is clear on the chart for you like always, BNB has better condition than other coins and tokens. Buy points at 248 and after break the trend line above 285. For safe buy its better to wait for fixation above 350. and now we are near this sensitive zone and strong resistance. Good luck. If you like the idea, do not forget to support with a like and follow me for next analysis :) Write your comment and opinion here to me
by ArashBanakar
Binance Coin 1 OR 2 !? ( BNB/USDT Update ) 📈📉Hello traders, what's going on guys and girls ?! Since 02 Jan 2022, As I expected , Binance Coin has been chasseing the bars pattern till now , Although so far the both bars pattern scenarios had a lot of overlap, but now faced a dilemma to chooses between the haven or hell way 📈📉🙂 !! (more than 30%💰 (1x)short). So today as you can see in the weekly time frame, BNBUSDT is struggling to overcome the pivot zone then if should breakout the breakout the decending trend line as a dynamic support , so according to scenari0-2 if it be to maintain this important zone it can see see the higher red zone, but otherwise if not be able to maintain , according to scinario-1 , in this case it can even see the lower support zone ! ✌️ Good luck with your trading and investing and remember: Trade smart…OR JUST DON’T TRADE! -------------------------------------------------------------------------------------------------------------------- 👉This analysis is my personal opinion ,not a financial advice ,so do your own research. 💜 if you're fan of my analyses please follow me , give a big thumbs 👍 OR drop a comment 🗯
by PRO_SMART_Trader
3
BNB | Trend analysis | The last chance of a bullish momentum Price looks like it can move both sides, but both possibilities would indicate the end of the bullish trend that is trapped inside of a huge bearish trend (a bearish rising wedge can be observed at higher timeframes, I agree the linked idea). Trading possibilities are the following: - Bullish: long positions have higher risk now, the only safe position was 250$ (4). BNB already hit TARGET 1 which it was the same amplitude of wave A and TARGET 2 at 1.618 fib level of WAVE A is pending. - Bearish: wave C is completed at the top of the upward channel, an impulse from 250$ to 270$ is completed (b) and price might retest the low level of the channel (bearish target 1), the breakout of the channel would mean a lower bearish target 2 and a retest of 200$. Shorts have lower risk and SL can be put at the breakout of the channel.
by Yorokobi1272