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Binance burned coins! What's next, a 20% drop? 🔥🔥Binance has burned $390 million worth of coins. If you watched our last analysis on Binance, in which we broke down the entire coin burn history, then you know that out of all 13 coin burns, bnb fell 10 out of 13 times, by an average of 15-20%. If you look at it from a technical analysis perspective, bnb has broken the trend line and tested it as resistance. The nearest support level below is at 233$, from the current values it is more than 20%, which is quite possible for this scenario. 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
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by Yuriy_Bishko
13
🚧 Binance is going to burn $1 billion 🔥🔥Binance coin will conduct a coin burn in the coming days, and from a fundamental point of view, this is pretty good news, as demand increases as supply decreases. Let's take a look at how the price has historically reacted to this process. Statistically, after burnout, the price falls more often than it rises. 10 out of 13 burnout cases ended up with an average price drop of 15%, and only in 4 cases did the price rise. This time is likely to be no exception, and the price will also react to this burnout. This proves once again that news does not always have a positive effect on price movement, and the first thing to do is to work on the trend and understand the price dynamics. Only knowledge will help you do that, and Biko Academy will help you with the knowledge. Write in the comments all your questions and instruments analysis of which you want to see. Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU. P.S. I personally will open entry if the price will show it according to my strategy. Always make your analysis before a trade
by Yuriy_Bishko
10
BNB Technical analysis , what is next?Technical analysis is one of the many tools available for traders. Technical analysis examines the history and records of a particular coin along with its price charts and trading volume. To teach technical analysis, you can refer to our article in Bitcoin Digital Currency Academy entitled What is technical analysis and what is its use? BNB digital currency is always considered as the biggest and most important Altcoin after ETH. At BitPin academy, we analyze many coins every week. Invest in the future...
by Bitpin
Bitcoin Index ($XBT) Analysis by imRedaSouhail#Bitcoin Index $XBT Analysis🧩// Head and Shoulders. ----- Bitcoin is still Bearish📉 A head and shoulders pattern is a chart formation that appears as a baseline with three peaks, the outside two are close in height and the middle is highest. as technical analysts, a head and shoulders pattern describes a specific chart formation that predicts a bullish-to-bearish trend reversal. ----- Bitcoin index may get a bullish correction to retest its previous Broken Neckline and we might see it act as a resistance level for The $XBT index. ----- ISMASHPROFIT 💎
BITMEX:XBT
by TopGBanks
1
Cardano ($ADA) Analysis By imRedaSouhail.#Cardano Analysis🧩 // We've seen the $1 level pushing multiple times the Cardano's price up...The last time was 19days ago since then, the $ADA price went all the way up to $1.4880 But the price couldn't break that resistance at this previous level and we see the price making a retracement bouncing over the $1.280 support level... For a long Buyer needs to wait for a break of the descending daily trendline and a retest of our previous sideways range resistance to go long. At the moment Cardano's price is at a bearish market. ----- ISMASHPROFIT 💎
by TopGBanks
$STORJ Analysis By imRedaSouhail.#STORJ Analysis🧩 // The $STORJ bounced over the last two resistances at $0.82 & $0.92 and making it a support level at the 4H time frame. $STORJ is forming an uptrend on the High time frame (4h) and looking at the Short Term frame of 30min where we see a price consolidation around $0.97 & $0.94. If We sow The price pushing outside the consolidation area our uptrend will continue its rally. Our first target price is $1.00 the second one is $1.10. -------- ISMASHPROFIT 💎
by TopGBanks
Binance is going to fall even more, where will the price stop?🚧Binance failed to close higher and corrected 10% after trying to make a new high. Bnb has now broken the local trend line and tested it as resistance. If the price tests the broken trendline again as resistance, it could be a good selling opportunity and the price will likely go lower. The closest area where there could be enough liquidity and Bnb will stop is the $270 level. Write in the comments all your questions and instrument 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
Short
by Yuriy_Bishko
4