BNB/USDT ChartBefore I start to talk about BNB I would be grateful if you could like, follow and comment your thoughts about the idea. I will start to post way more often, starting from today, and I will be focused on sharing and improving my thoughts about short time scenarios, so any tip or advice is welcome.
BNB is looking good in the in the short term, The coin didn't breakdown the 510$ support and it's on is way to 525$. RSI shows that the market is ready to go up, and volume seems ready to comfirm a move. Comment your thoughts about the trade. This is not financial advice. Thank you.
Binancecoin
BNB and ETH cross their lowest values.Binance Coin has not seen price rises by a large margin but has still taken a step upwards since the bearish run, having shown the lowest price of $505.93 yesterday morning. Today, it has reached $545.43, and its market cap has gone up by 3.00%, up to $89 billion. Ethereum and Binance have high hopes to pick themselves up in no time, as they’ve done so many times before.
The trend for losing Ethereum and Binance seems to have come to a halt as prices hike upwards. Ethereum had seen a low of $3,700 this week which has not been a pretty sight after so long of being above $4,000. Now, it seems to have regained its composure somewhat and has hiked up $215 in price and now trades at $4,066
Binance Coin 12.15.21 $BNBAppealing price ranges for long-term investment and HODL in #BNB: 400$ - 444$
Important support and resistance ranges are marked on the chart and everything is clear ...
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👤 Arman Shaban : @ArmanShabanTrading
📅 15.DEC.2021
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Descending triangle in BNB* BNB In daily time frame appears with a Descending triangle pattern, with it's resistance as above trend line and the important support around $500.
* Descending triangle is considered to be either trend continuation or trend reversal pattern depend on the pattern breakout.
* If the price breaks the support zone we can expect a drop till $400
* In order to continue the bull run BNB needs to break the trend line resistance
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
BNBUSD Correction ScenarioBNB can be seen to have produced peaks above the major trendline, just for a correction to come back to the trendline
I am proposing that this occurs again on the third down arrow, forming another rounded type peak, pushing the price back to the trendline
A correction like this would be very healthy and hodlers should not be worried about.
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).
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.
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Happy trading, Alex_UCT
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.
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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