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Binancecoin

Binance Coin Price Analysis — December 13Along with the rest of the crypto market, Binance Coin (BNB) continues to trade in a sideways momentum on Monday as market uncertainty remains unabated. The third-largest cryptocurrency has traded between $600 and $540 for most of December, following its descent from $650. That said, I expect to see a fresh influx of momentum and trading volume this week, which should help BNB break above the 50 SMA line at $570, a critical near-term juncture. Furthermore, the primary target for bulls is the $600 top, where a confluence of resistance lines resides. Regardless, a sustained fall below the $540 support remains unlikely as we head into the end of the year. Meanwhile, my resistance levels are $580, $600, and $620, and my support levels are $540, $520, and $500. Total Market Capitalization: $2.25 trillion Binance Coin Market Capitalization: $93 billion Binance Coin Dominance: 4.14% Market Rank: #3
B
by Mr_Wogbe_Alex
Daily BNBETH UpdateBNB has been showing some strength again over ETH in the last few days, but until proven wrong, I'm considering this as a short retracement in the downtrend. I've used a few red arrows to highlight the weakness in BNB's upward move over ETH. You can see that while price has been moving up, volume has been falling indicating that there is no commitment from the market to this move. ADX also shows that price movement has been accompanied by a general fall in interest from both buyers and sellers. There is not much splitting the two at the moment as both have been outperforming the wider market. I think there is a high probability that BNB will come back down to re-test the $0.1320 level again (previous level of demand).
by marcusdw1
BINANCE COIN: BEARISH NOW! Do not long it!As we can see on the BNB/USDT chart, the Binance coin has entered beasish mode. A strong trend line has been broken, which has also been retested, so that it is now likely to fall below this TL. In addition, at this point is Fibonacci level 0.618, which is generally considered the most important. The price is also reflected from the bottom edge of the EMA 100. At the moment, we should not trade the Binance coin in the direction of Long. The entire market is in an area of strong fear, according to the Fear & Greed Index. Stay with us and you will be informed about further events in the crypto markets. Don't forget to like and write a comment. Happy trading, Alex_UCT
Short
by UltimateCryptoTrader
6
BNB/USD - From strength to strength! BULLISH! BNB barely noticed the crash on Saturday and recovered most of it already... similarly to Ethereum, BNB has displayed tremendous strength during this time. What does that mean? BULLISH. Always look at how coins cope during a crash, those that hold the best are the horses to bet on. BNB and ETH are both posed to make significant gains and capitalize on BTC weakness. No surprise that ETH and BNB are the 2nd and 3rd largest coins by market cap after BTC... If BNB can cross above $600, I expect a rally. Until then, best to be patient. Indicators are trying to recover, but the volume today is already looking great! If we close in a bullish engulfing candle, BNB bulls are in control. Like and follow if you liked my idea!
Long
by DU09
Binance Coin Price Analysis — December 6After maintaining a steady ascent along the ten-week-long ascending trendline, Binance Coin (BNB) suffered its first sustained break below this line on December 4 amid a marketwide crash. That said, BNB appears to have regained stability at the $540 support as the bearish momentum resumed on Monday. Along with most of the crypto market, the third-largest cryptocurrency could suffer a bearish continuation to its flash crash low at $495 over the coming days. However, this bias will get invalidated once the price resurfaces above the trendline again, a 10% bullish move. Meanwhile, my resistance levels are $560, $580, and $600, and my support levels are $540, $520, and $500. Total Market Capitalization: $2.22 trillion Binance Coin Market Capitalization: $92.4 billion Binance Coin Dominance: 4.15% Market Rank: #3
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by Mr_Wogbe_Alex
🆓Binance Coin (BNB) Dec-4 #BNB $BNB BNB is approaching the $575 zone and here it could continue a new rally to the $650 and $800 zones this December. But if it loses this zone, it will fall back to the $500 zone 📈RED PLAN ♻️Condition : If 1-Day closes ABOVE 575$ zone 🔴Buy : 575 🔴Sell : 650 - 800 📉BLUE PLAN ♻️Condition : If 1-Day closes BELOW 575$ zone 🔵Sell : 575 🔵Buy : 500 ❓Details 🚫Stoploss for Long : 10% 🚫Stoploss for Short : 5% 📈Red Arrow : Main Direction as RED PLAN 📉Blue Arrow : Back-Up Direction as BLUE PLAN 🟩Green zone : Support zone as BUY section 🟥Red zone : Resistance zone as SELL section
Long
by CryptoStation
4
BNB - is going to skyrocketA trend line has formed on the BNB chart. In the first attempt to break the trend line, the bulls got trapped and a false breakout occurred. The price has now moved to the trend line again and is trying to break it, which could be a good buying opportunity. Write in the comments all your questions and instruments analysis of which you want to see. Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU. P.S. I personally will open entry if the price will show it according to my strategy. Always make your analysis before a trade.
Long
by Yuriy_Bishko
6