Is #bnb retesting for a mini rally?If this retest succeeds, i expect a mini rally from #binance #token but i don' t expect #bnbusdt price to devastate 300s #usdt region hardly.
NOT FINANCIAL ADVICE.
Binancecoin
Binance (Build and Build): Facing the SEC and the FUDSBinance Coin (BNB), the leading cryptocurrency exchange in terms of volume, has seen gains in its weekly chart, giving investors hope for more profits. According to the latest data, things could get even better as BNB’s Galaxy Score is at its highest level among the top cryptocurrencies, which is promising for a bull run.
Investor Interest in BNB
The popular altcoin BNB has managed to impress investors by showing an increase of over 1.5% in its price in the past seven days. At the time of writing, it was trading at $213.51 with a market capitalization of over $32.2 billion, making it the third-largest cryptocurrency.
As the price of the altcoin rose, the trading volume also experienced double-digit growth, paving the way for price increases. According to the data from analytics firm Artemis, Binance’s network activity has also seen an increase recently, as it revealed that BNB’s daily active addresses have been on the rise in the past few weeks.
Increase in BNB Metrics
A similar upward trend has been observed in terms of daily transactions for the blockchain, which sharply rose after a decline. The trading volume of the blockchain has also increased in the recent past, indicating that investors are willing to effectively trade BNB. The increase in volume has also supported the price surge.
Thanks to the price increase in the cryptocurrency, the volatility of the token has significantly increased in the 1-week period, raising the possibility of further growth. The token’s social volume has also recorded a relatively higher level. This suggests that the token was a popular altcoin in the crypto space last week. According to experts, most indicators favor the bulls, which could lead to further price increases for BNB. For example, the MACD showed an upward trend. BNB Chain’s Money Flow Index (MFI) and Chaikin Money Flow (CMF) have increased, which could increase the likelihood of prices moving further north.
BNBUSDT - Price can bounce up from support level to $215Hi guys, this is my overview for BNBUSDT, feel free to check it and write your feedback in comments👊
When price bounced and made upward impulse to $235 points, it at once fell back, thereby making fake breakout of $221 level.
Also, BNB entered to big flat, where it first fell to $206 support level, which coincided with support area.
Then price bounced up to top part of flat, which coincided with resistance area, and at once made correction.
After this price repeated movement up and then fell to support area, but recently BNB bounced back, making fake breakout of $206 level.
Now it trades very close to support level in flat and in my mind Binance Coin can decline to this level and then bounce up to $215
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Binance Coin (BNB) -> Another 500% RallyMy name is Philip, I am a German swing-trader with 4+ years of trading experience and I only trade stocks , crypto , options and indices 🖥️
I only focus on the higher timeframes because this allows me to massively capitalize on the major market swings and cycles without getting caught up in the short term noise.
This is how you build real long term wealth!
In today's anaylsis I want to take a look at the bigger picture on Binance Coin .
You can perfectly see that Binance Coin is forming quite strong support at the psychological $200 level from which we already saw multiple bullish rejections.
However since Binance Coin is approaching this level with lower highs, I am personally waiting for a breakout of the current bullish continuation triangle pattern.
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I know that this is a quite simple trading approach but over the past 4 years I've realized that simplicity and consistency are much more important than any trading strategy.
Keep the long term vision🫡
Binance Coin -> Massive Risk To RewardMy name is Philip, I am a German swing-trader with 4+ years of trading experience and I only focus on price action and market structure 🖥️
I am trading the higher timeframes because this allows me to massively capitalize on the major market swings and cycles without getting caught up in the short term noise.
This is how you build real long term wealth!
In today's anaylsis I want to take a look at the bigger picture on Binance Coin.
After the solid break and retest in June of 2020 Binance Coin followed the crypto bullrun and pumped more than 5.000% towards the upside. With the recent -70% correction Binance Coin is forming a triangle pattern and if we see a breakout I do expect a massive pump again.
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When the market moves where, and how, and if - these are all unknown.
The only thing which you can control is your risk.
- Philip Basic Trading -
Keep the long term vision🫡
Binance Coin can break resistance level and then continue riseHello traders, I want share with you my opinion about Binance Coin. Observing the chart, we can see that the price some time ago rebounded down from the resistance line to the support line, thereby breaking the 221 resistance leve. After this price bounced up to the resistance line, but when it reached this line, BNB at once rolled down to the buyer zone, breaking the support line. Also, the price broke the 207 level, but soon it bounced back, making a fake breakout, and entered to range. Inside range price rose to the top part, which coincided with the 221 resistance level, and then made a downward impulse to the 207 level. After this movement, BNB rose to the 221 level again, but there time it declined until to buyer zone, thereby exiting from the range. As well recently Binance Coin tried to rise higher of the 207 level but failed and now the price is traded very close inside the buyer zone. I think BNB can try to break the resistance level, and if the price breaks this level it can make a retest, or at once continue to move up without a retest. For this reason, I set my target at the 215 level. Please share this idea with your friends and click Boost 🚀
Binance coin could dive hardFor 2 months now, Binance coin has been trading in a 10% range between 205 and 225.
The coin looks without any power and, considering the problems from Binance, we could expect a break of the support on which the coin is standing now.
In such a case, BNB could dive hard towards 140,
180 low from mid-June last year could also offer interim support
I'm bearish this coin as long as the price stays under 225 on a daily bases close
BNB to 2000$As you can see we have 2 very similar fractals in previous cycle and cycle before that which lead the price to bottom; we also had Rsi extremely oversold for both which I appointed them in red circles , from the cycle bottom to the start of climbing took 68 bars which we currently at it , as you can see we have a similarity in Rsi aswell , some other criteria made me get to this conclusion which you can check in previous TAs ; BNB is a good project and its necessary to be in every basket; my target is somewhere around 2000$ for the end of 2024 .
Stay safe fam
BNBUSDT - Price can continue move up to resistance levelHi guys, this is my overview for BNBUSDT, feel free to check it and write your feedback in comments👊
A few time ago price bounced from $211 support level, which coincided with support area, and fell to support line.
Next, BNB started to rise and in a short time, it rose to resistance line, thereby breaking $211 and $216 levels.
Then price made correction, after which BNB made upward impulse to $220 points, breaking resistance line, but price at once started to fall.
Later BNB entered to falling channel, where it declined to support level and then bounced up to resistance line of channel.
Recently Binance Coin exited from channel and now it continues to rise and I think that BNB can make a little movement down.
After this, Binance Coin can continue to move up to $216 resistance level.
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HelenP. I Binance Coin can make correction and continue to growHi folks today I'm prepared for you Binance Coin analytics. A short time ago price reached the support level, which coincided with the 211 support zone and then it rebounded below this zone. But then, it at once rolled back to the 211 level, and this time BNB broke this level and made a strong impulse up to the 217 resistance level, which coincided with the resistance zone. After this movement, BNB made a little correction below to 213 points and then repeated the impulse up to the trend line, thereby breaking the resistance level. When the price reached the trend line, it started to decline inside the wedge, and in a short time, BNB declined below the 217 level to the support level. Also recently it rebounded up from this level, breaking the trend line, thereby exiting from the wedge and making a retest. Now Binance Coin trades near and I expect that the price can make a correction to the support level and then rebound up. Therefore I set up my target at the 125 level. If you like my analytics you may support me with your like/comment ❤️
BNB/USDT bullish move incoming? 👀 🚀 BNB Today Analysis💎 Paradisers, turn your attention to #BNBUSDT! Our observations highlight that it's currently positioned within a demand zone, gearing up for a potential bullish surge.
💎 A few days ago, #BinanceCoin was navigating a descending channel. However, after breaking above this channel, it embarked on a notable upward journey. Now, as it retraces, it remains above the channel's support. There's a strong likelihood that it will touch this support once more before setting off on its bullish trajectory.
💎 Another crucial point to ponder: should the demand zone be compromised, expect BNB to gravitate towards the lower demand zone. In both scenarios, exercise caution and trade judiciously.
💎 Remember to employ prudent trading strategies and use proper stop-loss measures! Stay alert to market movements and look forward to more insights
The Thin Ice of Binance Coin (1w) Analysis
Binance Coin teeters on the edge, consolidating perilously close to the critical support level of $212. The ice beneath this level is thin, and a breakdown could plunge it into a chilling abyss around $130.
If you appreciate our charts, give us a quick 💜💜
Vigilance is key; watch for any signs of a trend breakout that could indicate the coin's direction.
Caution is your best guide in these uncertain waters.
Binance Coin can exit from pennant and continue to rise to 217 Hello traders, I want share with you my opinion about Binance Coin. Looking at the chart, we can see how the price some time ago declined from the resistance line below the 211 support level and started to trade inside the buyer zone. But later price declined lower to the support line, where it at once bounced and made a strong upward impulse to the resistance line, thereby breaking the 211 level. Also, BNB made a correction to the support level and continued to rise to the 217 resistance level, which coincides with the seller zone. But when it reached this level, the price rebounded and fell to 213 points, breaking the support line. After this, Binance Coin entered to pennant, in which it rolled up from the support line and rose to the resistance line, breaking the resistance level. After this movement, the price bounced from the resistance line of the pennant and made a downward impulse below the 217 level to the support level. As well recently, the price bounced from this level and now it trades near the resistance line of the pennant. Maybe BNB can break this line, thereby exiting from the pennant and then continue to move up to the resistance level. For this reason, I set up my target at the 217 level. Please share this idea with your friends and click Boost 🚀
Binance Coin (BNB) - How to trade Crypto? Vol. 003Welcome to SharedCryptoBot!
Binance Coin (BNB)
Binance Coin is in a strong consolidation zone after a long drawdown, there is only one strong supply level left.
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BNB - Binance will overcome all FUD!Hello, dear friends!
Recently there are a lot of FUD around the Binance exchange and all this information reflects on the BNB price. It looks weak, but remember that 1 month ago somebody tells that
cz_binance has the liquidation below $213. As you can see price went lower and everything is OK.
Bad guys are trying to destroy exchange, but they will not be able to do it. Let's destroy this FUD and support Binance, because this is the vital player on the cryptocurrency market.
I am not aware of all internal fundamentals, but price chart tells me that everything is going to be awesome. Let's take a look at the last downside impulse. It has the clear 5 Elliott waves structure. Bullish confirmed divergence with the Awesome Oscillator tells us that downtrend is over.
Moreover we can see the bullish reversal bar on 1D timeframe, changed momentum. Lats thing which price shall do is to break the fractal to fully confirm the uptrend. The most conservative target is 0.61 Fibonacci at $280. As you understand this pump cannot happen on some negative news. Therefore negative news are not likely in the nearest future.
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BNBUSDT - Price can reach resistance level and try to break itHi guys, this is my overview for BNBUSDT, feel free to check it and write your feedback in comments👊
A few days ago price bounced up from support line to resistance line, thereby breaking $217 level.
Soon, price made correction, after which it rose back to resistance line, but then made strong downward impulse to support line.
Also, BNB broke $211 level, and soon it rose to support area, where it some time traded and later fell back.
Then price entered to rising channel, in which BNB rose to $217 resistance level, breaking $211 level again, but recently bounced down.
Now Binance Coin trades very close to support line of channel and I think price can bounce up to resistance level and try to break it.
After breakout, BNB can make retest and then continue to rise to $220
If this post is useful to you, you can support me with like/boost and advice in comments❤️
HelenP. I Binance Coin can continue move down to support levelHi folks today I'm prepared for you Binance Coin analytics. Some days ago price rose to the 217 resistance level, which coincided with the resistance zone, and even made a fake breakout, but at once rebounded back and fell below the 209 support level to the trend line. Then BNB bounced from the trend line and made a strong impulse up to the resistance level again, and even later broke this level and rose to 221 points. After this movement, the price started to decline and in a short time, it first fell to the trend line, broke it, and declined to the 209 support level, which coincided with the support zone. Next, BNB tried to rise but failed and fell to the support zone, where it at once rebounded and made impulse up to the resistance level, which this moment coincides with the trend line. But recently the price rolled down and now trades near the trend line. I think that Binance Coin can continue to decline to support level. For this case, I set up two targets, the first target at the 213 level, and the second - at the 209 support level. If you like my analytics you may support me with your like/comment ❤️
BNB - YOU CAN PROFIT from Range TradingHi Traders, Investors and Speculators of Charts📈📉
Range trading can be dreadful, boring, and also a risky time to trade!
BNBUSDT is expected to continue trading in a tight range. However, this doesn't mean you cannot profit during times of low volume. Although leverage trades often get shaken out by algorithms, spot trading could be strategically used to buy lower and sell higher; old school style.
Also, we're celebrating 10K followers so cheers to you 🥂🥳
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BINANCE:BNBUSDT
BNB - BUY targets about to hit 💰📉Hi Traders, Investors and Speculators of Charts📈📉
Binance coin is oversold, but our technical indicator has not yet flashed the "Extreme Oversold". This indicates that it's possible to see one more move downward (even if it's just a wick) before the RSI corrects from being Oversold.
BNBUSDT looks like it's about to hit my spot buy targets with the traditionally approach of buying low and selling higher at the first and second resistance zone. Leverage trades often get shaken out by algorithms, spot trading could be strategically used to buy lower and sell higher; old school style.
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CRYPTOCAP:BNB BINANCE:BNBUSDT
BNB/USDT Analysis:- Ready for $100 in few Days?Binance Coin (BNB) Technical Analysis: A Bullish Future Amidst Short-Term Challenges:-
Introduction:
Binance Coin ( EURONEXT:BNB ) is currently trading at $209, and there are some intriguing developments in its chart that we need to explore. This technical analysis will delve into the short-term expectations for EURONEXT:BNB and provide insights into potential buying opportunities and long-term prospects. Please note that this analysis represents my personal opinion and is not financial advice. Always conduct your own research before making any investment decisions.
Short-Term Outlook:
As we examine the current chart for $BNB/USDT, it's evident that there's a potential downside move looming in the coming days. However, there's more to the story.
In the weekly chart, a Bull flag pattern is forming. This suggests that while we may see short-term bearishness, there's a strong indication of a bullish trend in the near future. The critical support level for the Bull flag channel is at $100, and I anticipate $100 becoming a key price point in the short term.
Opportunity in the Dip:
With the strong support at $100, this presents an excellent buying opportunity for investors looking to enter the EURONEXT:BNB market or increase their holdings. It's important to note that purchasing at or near this level could yield substantial gains when the next bull run occurs.
Long-Term Perspective:
While the short-term may pose challenges, the long-term outlook for EURONEXT:BNB is quite promising. I anticipate a significant bull run in the future, with price targets ranging between $2000 and $3000. However, this is a longer-term projection and should be considered as such.
Critical Price Levels:
Currently, the $210-$250 range is of utmost importance. Traders and investors should closely monitor this level as it could serve as a pivot point for EURONEXT:BNB 's short-term direction.
In summary, Binance Coin (BNB) is experiencing short-term turbulence, but the formation of a Bull flag pattern suggests a bullish future. The $100 support level is key, and buying opportunities may arise there. Long-term prospects for EURONEXT:BNB are exciting, with potential for substantial gains in the next bull run.
Support Levels:
Short-Term: $200/$100
Resistance Levels:
$310/$460/$660
Remember, this analysis is my personal opinion, and it's crucial to conduct thorough research and consider your risk tolerance before investing in any cryptocurrency. Stay informed and make informed decisions to navigate the volatile crypto market successfully.
Please Follow me for More quality analysis.
BNB Binance Coin PT| Binance vs SEC Lawsuit | Whales DumpingIf you haven`t read my article about Binace being the new FTX:
The you need to know that Binance disputes the SEC's allegations of mishandling customer funds, deceiving investors, and violating securities laws.
The legal battle between Binance and the SEC has sent shockwaves through the cryptocurrency community.
Binance and its affiliates assert that the SEC is overreaching its jurisdiction on digital assets, especially without any clear legislative guidance from Congress. The original lawsuit, filed in June, accused Binance of unlawfully listing unregistered securities.
Historically, the actions of whales have been instrumental in shaping the price movements of Bitcoin and the broader cryptocurrency market.
Non-whale addresses, those holding less than 100 BTC, now account for over 41% of the total Bitcoin supply. Meanwhile, whales, entities holding between 100 and 100,000 BTC, have witnessed a decline in their collective holdings to 55.5%, marking their lowest ownership level since May.
The decrease in whale holdings could signal a potential change in the market's dynamics, potentially leading to increased volatility and uncertainty.
These developments collectively cast a shadow over the cryptocurrency market's near-term prospects.
In this context, my price target for BNB Binance Coin is $184.
Looking forward to read your opinion about it!
BNBUSDT - Price can make correction and then continue to growHi guys, this is my overview for BNBUSDT, feel free to check it and write your feedback in comments👊
After price bounced from $217 resistance level, it entered to falling channel, where it declined to $210 support level.
Then Binance Coin broke this level and fell to support line of wedge, in which price at once bounced back.
Inside wedge, price rose to resistance level, which coincided with resistance zone, and even broke it and reached $220 points.
But then price started to decline and in a short time backed up to support level, thereby breaking $217 level and exiting of wedge too.
Firstly BNB fell to support area, but recently it bounced up and now trades near, tha'ts why I think price can make correction to $210 again.
And then Binance Coin can continue to rise to $215 level.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
HelenP. I Binance Coin can fall little more and then rebound upHi folks today I'm prepared for you Binance Coin analytics. After the price bounced from the 217 resistance level, which coincided with the resistance zone, it first declined to the 211 support level. Next, the price broke this level and declined to the support zone, but soon BNB continued to fall and declined to the trend line. Then the price rebounded from the trend line and made impulse up to 211 support level and even rose higher of that, thereby breaking it, and then started to trade near this level. Some time ago price rebounded from the 211 support level and made impulse up again to the resistance level. After the price reached the 217 level, BNB broke it and rose to 221 points, but soon price rolled down and started to decline. Price declined below the resistance level, thereby breaking it, and also reached the trend line, which it recently broke too, and declined lower. At the moment Binance Coin trades below the trend line and I think the price can decline a little more and then bounce up to the resistance level. For this case, I set up my target at the 217 resistance level. If you like my analytics you may support me with your like/comment ❤️
