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BINANCE can Break that 375$ Resistance Zone.After the Russian Dip, Binance coin took support at 335$ and price started rising quickly and in just a couple days it made a new Daily High at 375$, which is apparently acting as a psychological Resistance Area. The zone has already been tested multiple times but whenever price tries to break it, new sellers enter and price fails to make new highs, that's why we see long upper wicks which indicates selling pressure. I believe that Binance will eventually break that Resistance and after that we might see new weekly and monthly highs. Happy Trading!!!
BINANCEUS:BNBUSD
by Fobstar
BNB Binance Coin to Lose its 3X Hype Gains. 58% Drop Expected.BINANCE:BNBBTC has gained a lot of attention and hype in March 2021 that contributed to its 3x rise in two months from 4k Satoshi in March to 12k Satoshi in May. The hype was based on Binance entering the DeFi space and announcing its staking returns. At the time, The Binance exchange announced up to 27.49% APY return for staking the BNB token. Currently, the highest APY for BNB according to Binance is 8.69%. Users' interest in gaining annual yield reveals itself to be a delusion to many when they see the gain on capital in the negative 30% territory. Less and less BNB coins are being staked ever the initial announcement in March 2021. There is no more reason to hold BNB. On the other hand, DeFi has also been losing traction as indicated by the price of many DeFi tokens such as AAVE losing 74% of its value vs BTC (even more vs USD). Therefore, it is time for BNB to give back those hype-propelled gains and go back to 4k Satoshi. The first step is breaking the 10k Satoshi support. We are currently sitting at that line. I have drawn a descending triangle there, but it is not confirmed because it needs a third touch on its upper side. My conservative scenario is that we remain within the triangle for 6 more weeks. My bearish scenario is that, if we don't break the 10k Satoshi support right now, we see a weak bounce up to 10.5k Satoshi before dropping to break 10k Satoshi. The first target is 7.7k Satoshi. Follow me to get updates on this trade as it unfolds. I am making this bearish prediction on BNB even though I am biased towards BNB because of its impressive performance in the previous Bitcoin bear market in 2018 to 2020. But I would be happy to get a buying opportunity at 4k Satoshi, and I believe we will reach there.
Short
by TechNerdOmar
BNB Entered Into Its Buying Zone (A Good Buying Opportunity)The Back Ground and Psychological Support Zone BNB broke its psychological resistance level of 140$ on Feb 17, 21, and after that, in the next few days, we witnessed the biggest move, which was backed by the biggest volume that BB ever witnessed in a day. It was the day of Feb 19, 21. The candle started from 193$ and made a high of 353 which was the biggest move; the volume traded on that day was maximum, the market never witnessed that volume after that day. That candle provides two strong levels, both on the support side now. Price remained hesitant to establish inside the first zone and was rejected two times. Point: Historically seeing the support zone is well established. A good demand lies in this support zone. RSI is trending lower from Nov 21, 2021, and has visited the oversold zone two times, currently witnessing divergence. Finally, it lost 50% from its high 667 and now facing strong support. Pay Attention Keep a close eye on the BTC level of $30K (which is the only threat for this trading idea); there are fewer chances that BTC will break below this level, but if it wisely broke this support zone, then this BNB Trading Idea will become invalid. So observe price action in the support zone keenly, and on a rejection, get in and hold it for the next two quarters or the first TP $600. Risk / Reward and Holding Period Any move below 320$ will be short-lived; the price will retract quickly above 320$, While on the flip side, Instead of Stop Loss, I recommend DCA at $220. TP1 is 600$ (Achievable till Jun 30 2022) while TP2 is 1000$ (For 2022) It is not financial advice; always do your research. Please, feel free to ask your question; write it in the comments below, and I will answer.
Long
by Booming-Crypto-Ideas
Binance Coin (BNB) - January 24Hello? Traders, welcome. If you "follow", you can always get new information quickly. Please also click "Like". Have a nice day. ------------------------------------- (BNBUSDT 1W Chart) First resistance section: around 507.9 point Second resistance section: 632.6-674.1 Support section: 341.7-383.3 You need to check if you can get support and climb in the 332.4-348.7 section. If it falls from the 332.4 point, it could fall near the 258.6 point, so we need to think about how to deal with it. ------------------------------------- (BNBBTC 1W Chart) Above 0.004813 point: Expected to create a new wave. If it goes down, you should check to see if it finds support in the 0.009135-0.009485 zone. ------------------------------------------ We recommend that you trade with your average unit price. This is because, if the price is below your average unit price, whether the price trend is in an upward trend or a downward trend, there is a high possibility that you will not be able to get a big profit due to the psychological burden. The center of all trading starts with the average unit price at which you start trading. If you ignore this, you may be trading in the wrong direction. Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to be able to regenerate themselves. ------------------------------------------------------------ ----------------------------------------------------- ** All indicators are lagging indicators. Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume. However, for convenience, we are talking in reverse for the interpretation of the indicator. ** The MRHAB-O and MRHAB-B indicators used in the chart are indicators of our channel that have not been released yet. (Since it was not disclosed, you can use this chart without any restrictions by sharing this chart and copying and pasting the indicators.) ** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator. Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line) ** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.) ** Support or resistance is based on the closing price of the 1D chart. ** All descriptions are for reference only and do not guarantee a profit or loss in investment. (Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.) ---------------------------------
by readCrypto
1
BNBUSDTHello Crypto Lovers, Mars Signals team wishes you high profits. We are in the daily time frame. The price broke the R2 line, made its pullback and then went down to the S1 zone. There is also a green line showing another support area. It is likely for the price to make a pullback to the R1 line and then fall. If S1 is lost, it can go further down. If it holds, the first target would be R1 and the second one would be R2. Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions. Wish you luck
by MarsSignals
2
Binance Coin | Why BNB Moved Lower ? 𝐁𝐢𝐧𝐚𝐧𝐜𝐞 𝐂𝐨𝐢𝐧 (𝐁𝐍𝐁) 𝐬𝐚𝐰 𝐠𝐚𝐢𝐧𝐬 𝐨𝐟 𝐨𝐯𝐞𝐫 𝟏𝟑,𝟎𝟎𝟎% 𝐢𝐧 𝟐𝟎𝟐𝟏, 𝐜𝐨𝐦𝐩𝐚𝐫𝐞𝐝 𝐭𝐨 𝐁𝐢𝐭𝐜𝐨𝐢𝐧 𝐮𝐩 𝐚 𝐦𝐨𝐝𝐞𝐬𝐭 𝟔𝟓%. 𝐖𝐡𝐚𝐭 𝐢𝐬 𝐁𝐍𝐁, 𝐰𝐡𝐲 𝐝𝐢𝐝 𝐢𝐭 𝐬𝐞𝐞 𝐬𝐮𝐜𝐡 𝐬𝐢𝐠𝐧𝐢𝐟𝐢𝐜𝐚𝐧𝐭 𝐠𝐚𝐢𝐧𝐬 𝐚𝐧𝐝 𝐰𝐡𝐚𝐭 𝐝𝐨 𝐰𝐞 𝐩𝐫𝐞𝐝𝐢𝐜𝐭 𝐁𝐢𝐧𝐚𝐧𝐜𝐞 𝐂𝐨𝐢𝐧’𝐬 𝐩𝐫𝐢𝐜𝐞 𝐭𝐨 𝐛𝐞 𝐢𝐧 𝟐𝟎𝟐𝟐? BNB is the native token of Binance Exchange, the world’s largest exchange by daily volume that was co-founded by Changpeng Zhao in 2017. Binance has an estimated 30 million users, with its peak daily volume touching $76 billion in 2021. Within Binance’s ecosystem is Binance Smart Chain (BSC), a blockchain that runs smart contract-based applications. 2021 was a big year for BSC, thanks in part to Ethereum’s slow speeds and high fees seeing many users move over to BSC. Beyond that was the success of new projects based on Pancakeswap, that were alone responsible for more transactions on BSC than the Ethereum network achieved in total throughout the whole year. Projects like Radio Caca (RACA) and EverGrow crypto (EGC) were amongst the most purchased on Pancakeswap in 2021. As an example, EverGrow, which was launched just 3 months ago, has already accumulated 120,000 holders, and has been responsible for 1.3 million transfers on the Binance Smart Chain. This new project, which still sits at a very modest $400 million market cap, can be purchased by swapping either BNB or BUSD (Binance’s USD pegged currency) for EGC on Pancakeswap. In addition, the project has paid over $30 million of BUSD rewards to their holders since launch. Such use cases add more and more value to Binance Coin itself, particularly when you consider than many analysts see EverGrow as the potential next 100x for 2022. Should these predictions pan out, EverGrow alone could be responsible for billions of dollars of BNB demand in 2022. 𝐖𝐡𝐚𝐭 𝐚𝐫𝐞 𝐭𝐡𝐞 𝐩𝐫𝐢𝐜𝐞 𝐩𝐫𝐞𝐝𝐢𝐜𝐭𝐢𝐨𝐧𝐬 𝐟𝐨𝐫 𝐁𝐢𝐧𝐚𝐧𝐜𝐞 𝐂𝐨𝐢𝐧 𝐢𝐧 𝟐𝟎𝟐𝟐 – 𝐝𝐨 𝐰𝐞 𝐞𝐱𝐩𝐞𝐜𝐭 𝐭𝐨 𝐬𝐞𝐞 𝐁𝐍𝐁 𝐦𝐚𝐤𝐞 𝐧𝐞𝐰 𝐡𝐢𝐠𝐡𝐬? With BNB currently sitting around $450 we see potential for $997 by the end of 2022, which would be a 110% increase. Several other coin prediction websites had similar price targets ranging from $850 to well over $1000. The overall sentiment is a bullish one and we expect to see a lot from BNB, and indeed Binance itself in 2022. 𝐓𝐡𝐞 𝐥𝐚𝐭𝐞𝐬𝐭 𝐚𝐧𝐚𝐥𝐲𝐬𝐢𝐬 𝐨𝐧 𝐁𝐢𝐧𝐚𝐧𝐜𝐞 𝐂𝐨𝐢𝐧 𝐁𝐍𝐁 𝐩𝐫𝐢𝐜𝐞 𝐟𝐮𝐭𝐮𝐫𝐞 𝐢𝐧 𝟐𝟎𝟐𝟐: The S&P 500 is trading near its all-time high, but Binance coin BNB has plunged about 16% over the last 30 days due to a sudden decline in bitcoin prices. Even after the drop, the BNB price is 1000% up over the previous 354 days. Launched only a year ago, Binance, the world’s biggest crypto exchange, the Binance Smart Chain is compatible with the Ethereum Virtual Machine. Binance recently made a major announcement related to Binance Coin BNB, which includes implementing a new Auto-Burn protocol to replace its current quarterly burn mechanisms. 𝐈𝐧 𝟐𝟎𝟐𝟏, Pancakeswap, a decentralized crypto swap exchange, was responsible for more BSC transactions than the entire Ethereum network. Some of the most purchased tokens on Pancakeswap V2 swap in 2021 include EverGrow (EGC) and Radio Caca (RACA). New tokens like Evergrow are solely responsible for generating hundreds of thousands of transactions daily for the Binance chain. EverGrow is the first hyper-deflationary token that rewards its holders in BUSD that is generated from every buy/sell/transfer transaction in EGC tokens. EverGrow contracts distribute 8% of every transaction among its holders. Evergrow recently announced that in just 12 weeks, they have added 118K+ wallets as holders on the Binance chain and distributed more than $30 Million BUSD in rewards. It ultimately means its contract executes thousands of transactions every day to send rewards to its holder. Although Binance chain transaction fee is much lower compared to the Ethereum chain, it still means millions of dollars worth BNB being locked on Pancakeswap liquidity pools and paid in gas fees. Reward-based tokens like Evergrow are being considered the future of dividend-paying stocks or staking pools because the rewards to be distributed among holders are generated from daily trading volume instead of inflating the circulating supply by minting new tokens every day. Crypto has gained more than 189,00% since its launch. The success story of EGC has inspired hundreds of new BEP20 tokens to launch on the Binance chain and contributed millions of dollars in daily trading volume. EverGrow is a relatively new currency, but its future looks bright as the currency is yet to launch its utilities, including play-to-earn games, NFT lending platform and Buy/Sell marketplace, content subscription platforms, etc. If these early-stage projects continue the initial success, then Binance coin BNB and BSC might soon overtake the Ethereum chain in total transactions executing daily on its blockchain. Currently, each block on the Binance chain is confirmed in approximately 3 seconds. In the past 24 Hours, more than 7M transactions were executed on the Binance chain. The short terms prediction for BNB looks bullish. According to technical indicators, the 20-day EMA for BNB is flat, and the RSI is just above the midpoint, suggesting a status of equilibrium between the bulls and the bears. Binance coin BNB price could first rally to $570-$575 and then rise to $620. There is strong technical support for BNB at $500. If the price breaks above $575, BNB could first rally to $617 and then to the overhead resistance zone at $668.40 to $690.50, which will mean that the correction may be over for the significant gains BNB price made this year. - 𝗜𝘁’𝘀 𝗶𝗺𝗽𝗼𝗿𝘁𝗮𝗻𝘁 to keep in mind that cryptocurrency markets are extremely volatile, making it difficult to accurately predict what a coin’s price will be in a few hours or a few days and even harder to give long-term estimates. As such, analysts and online forecasting sites can get their predictions wrong. We recommend that you always do your own research and consider the latest market trends, news, technical and fundamental analysis , and expert opinion before making any investment decisions. Be patient and look long term wisely and never invest more than you can afford to lose. Trading & Investing both are the master of RISK. Please comment, like and follow if it was helpful for you. Thank you for your time. Have a profitable day. | Review and analysis by Samadi.Finance |
by AliSamadiTR
BNBUSD The conditions it needs to rallyIt has been more than a while, in fact March 11 2021, since I last analyzed the Binance Coin: Ever since it hit the Target Zone, it fell into a Correction and new Accumulation Phase like the rest of the market. A similar Accumulation Phase that we last saw within September - December 2020. BNB was under the pressure of Lower Highs, but still within a Channel Up. This trend-line broke, once the CCI on the 1D time-frame started forming Higher Lows. That was when the price put all the dynamics in motion to initiate the January - February rally. Almost a year later, the price has started again to meet those very same conditions one by one. Once the CCI makes its first Higher Low, it will be our confirmation to buy BNBUSD for a new February rally. -------------------------------------------------------------------------------------------------------- ** 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
3
BNBBTCHello Crypto Lovers, Mars Signals team wishes you high profits. We are in the daily time frame. You can see that the price was able to break the S1 line. Now it is making its pullback to the S1 line. If it stabilizes above the S1 line, you can buy it for higher targets. If it goes below the S1 line, then S2 would be the good place to buy. You can also see that there is an inverse head-and-shoulder pattern. If that is the case then the right shoulder needs to be completed and the price can go up to at east the shown area on the chart. There is also the R1 line which is the target for the price if the head-and-shoulder pattern is going to be completed. In the bigger picture, there is also a Flag pattern formed which indicates that the price can go up much much higher. Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions. Wish you luck
Long
by MarsSignals
BNB, three reasons for a pump soon 🚀✅Our subscribers have asked for an analysis of the local situation on the BNB chart. Personally, we rarely trade the usual technical analysis. Most people know that we trade based on trading indicators that analyze technical, fundamental and social analysis. If we buy altcoins, it is only medium-term trading because it is more profitable than scalping or day trading. But in any case, let's analyze BNB from the side of technical analysis. On the chart you can see an important key level of $502. And also the fact that the price for a long time compressed near the key level. This is a good signal, a signal for a breakout. I would also like to highlight that with each fall there was a large volume. In case of a breakdown, the price is very likely to reach the resistance area, which is marked above. Since all altcoins are correlated and fully dependent on bitcoin, we recommend you to watch the latest bitcoin analysis in order to understand the whole market situation. Guys, we often share very useful and unique analytics, every new subscriber is welcome. Below are all the links to contact us 💚
Long
by AlexWhale
BNB Binance Coin: 1D Chart ReviewHello friends, today you can review the technical analysis idea on a 1D linear scale chart for Binance Coin (BNBUSD). The chart is self-explanatory. The price is in a Descending Broadening Wedge pattern and is at the multi-month Support and Resistance trend line and looking to break back above it. The price is also above the 200 MA (simple moving average) and inside the green Ichimoku Cloud. The Volume is still low. The RSI is making another attempt to break the resistance line. If it moves up, expect resistance towards the 0.618 Fibonacci Retracement level. If it breaks down, expect support at the dash line noted in the chart where price got supported multiple times. If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below. Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #cryptopickk
BINANCEUS:BNBUSD
by MillionaireEconomics
4