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BTSUSDT Waiting for the Resistance Zone Breakout!BTSUSDT (1H Chart) Technical Analysis Update Waiting for the resistance zone breakout BTS/USDT currently trading at $0.1249 Buy-level: Above $0.138(only buy if 1H candle closes above $0.138) Stop loss: I will update once I see the breakout Target 1: $0.144 Target 2: $0.155 Target 3: $0.165 Max Leverage: 3X ALWAYS KEEP STOP LOSS... Follow Our Tradingview Account for More Technical Analysis Updates, | Like, Share and Comment Your thoughts.
BLong
by GreenCryptoTrades
1
BNB IS PREPARING ANOTHER SLOW UPTIME $1000 is possible in 2021Recently BNB gained popularity by 100% due to the massive pump in just few moths which pumped over 200% majorly because of the BNB COIN BURN. According to the white paper they will burn the con four times. after the burn process we saw the surge and the pump in prices which actually brought in more investors, BNB is now back on stable trading but now consolidating. If theres a breakout above 560 there might be another uptrand to surge. BUYING BNB and HODL $1000 is very archiveable this year not a financial advice
BINANCE:BNBUSDLong
by SpiritPhilip
Binance Coin $BNBUSDT flag formation then PT 900 and higher Why Binance Coin Hit All-Time High (and $86B Valuation) Ahead of Coinbase Listing It's not equity, it's an exchange token. But it sure is mooning, apparently linked to the recent success of Binance Smart Chain. Why wait for the Coinbase listing of its shares on the Nasdaq? There’s already a way – in cryptocurrency markets – to bet on the world’s biggest cryptocurrency exchange. It’s a digital token linked to the success of Binance, which boasts a higher spot trading volume than Coinbase, according to the data site CoinGecko. The token, binance coin (BNB), has surged 14-fold in price this year, for a market value of $86 billion. Some cryptocurrency investors see BNB as a way to get excess return over a simple purchase of bitcoin (BTC, +5.07%), whose doubling in price this year looks almost paltry by comparison, Joshua Frank, co-founder and CEO of crypto data firm The TIE, told CoinDesk in an interview. “Funds can’t just buy bitcoin, because if the funds just buy bitcoin, it’s not worth it for their investors,” Frank said. Binance coin “is one of those larger coins that they can get exposure to, and they can put a large position in.” Binance press officials said they didn’t know why BNB has rallied so dramatically this year. The token’s price “is not something that can be controlled,” according to a spokesperson. But cryptocurrency analysts said that Binance’s recent business moves, including launching a blockchain network to compete with Ethereum for a share of the decentralized finance market, known as DeFi, have helped to boost the BNB token’s prospects. Unlike Coinbase’s soon-to-be-issued shares, BNB tokens confer no equity ownership rights. Binance is a closely-held firm, still led by its founder, Changpeng Zhao, often referred to by his initials, CZ. Instead, BNB is considered an “exchange token.” It can be used to pay fees on various Binance trading platforms, sometimes entitling the payers to discounts, or even as a currency on blockchain networks sponsored by the exchange. Investors in the token are essentially betting on its supply and demand, which effectively translates to a bet on the success of the Binance ecosystem. The rise of Binance Smart Chain Binance Smart Chain (BSC), a less decentralized public blockchain that’s considered a competitor with the Ethereum blockchain, has been quite successful. With transaction fees that are about 35 times cheaper, BSC has overtaken Ethereum in the first three months of 2021 for daily unique active wallets, according to DappRadar’s 2021 Q1 overview report on April 1. In March, the total value locked in Venus, the top decentralized money-market protocol on BSC, surpassed that of some of the most popular DeFi projects on Ethereum, including Uniswap and Compound, DappRadar wrote in its report, citing data from Defistation. The huge success of Binance Smart Chain has played a significant role in BNB’s rapid growing value. As a “discount token,” BNB offers discounts for trading on both Binance’s decentralized exchange (Binance DEX) and Binance, according to Nick Mancini, research analyst at Trade The Chain. The TIE’s Frank told CoinDesk that many crypto-native hedge funds have recognized BSC as a “much cheaper and more effective way” to access DeFi than stomaching Ethereum’s transaction fees, known as “gas,” where rates have soared due to network congestion. BNB is used as gas to pay for DeFi deployment to BSC. Mancini speculated that BNB’s market capitalization might eventually overtake that of ether (ETH, +6.42%), the Ethereum blockchain network’s native cryptocurrency. Ether prices have tripled this year, to a market value just over $260 billion. “If BNB and ether continue to grow at the same rate, BNB will flip ether within the next two to four months,” Mancini said. “Alt Season” It can’t be overstated that BNB’s price surge has come during “alt season” – a stretch of time where crypto traders have bid up so-called altcoins, ostensibly due to a lull in bitcoin’s rally. This is evidenced by recent drop in bitcoin’s share of all cryptocurrencies’ value, known as the market dominance ratio, to a two-year low. Crypto hedge funds trying to beat the market may also have been forced to invest in altcoins like BNB. Fund managers typically impose a “2 and 20” annual fee structure, meaning a 2% management fee of a fund’s net asset value and a 20% performance fee. Since there are so many ways for investors to hold bitcoin at low cost, crypto hedge funds have to come up with “unique ways” of beating the largest cryptocurrency’s returns for less costly fees, Frank said. “Funds can’t just buy bitcoin because if the funds just buy bitcoin, it’s not worth it for their investors,” Frank said. “Funds have to go out and deploy so much capital, and binance coin is one of those larger coins that they can get exposure to and they can put a large position in.” Coinbase direct listing’s spillover The Coinbase stock listing might be another potential driver of BNB’s gains. While Binance’s CZ has told CoinDesk that the company does not plan to go public, the token ecosystem might be benefiting from speculation over Coinbase’s value.
Long
by UnknownUnicorn19246015
5
Binance Coin $BNBUSDT PT 700 and higher Binance Coin’s Surge Elevates Token to Ranks of Crypto Titans Binance Coin has strengthened its position as one of the world’s largest cryptocurrencies after an 18% rally in the past 24 hours knocked back its rivals for the third spot behind Bitcoin and Ether. Issued by the world’s largest crypto exchange, the digital coin commonly known as BNB now has a market capitalization of $89.4 billion, according to CoinMarketCap.com. That makes it the third-most valuable cryptocurrency behind Bitcoin at $1.1 trillion and Ether at $246 billion. The token has traded places with Tether and other coins for weeks, underscoring BNB’s increasing importance in the crypto ecosystem. Coinbase Global Inc.’s public debut this week is one reason for the recent jump. Digital coins of other cryptocurrency exchanges have been on a tear as well, with coin of exchange Uniswap up 12% in the past 24 hours, and the token of FTX exchange up nearly 6%. Coinbase, the largest U.S. crypto exchange, will be the first major cryptocurrency company go to public with an estimated valuation of about $100 billion.
Long
by UnknownUnicorn19246015
ATOMUSDT Waiting for the Symmetric Triangle Breakout!#ATOMUSDT (Day Chart) Technical Analysis Update Waiting for the symmetric triangle breakout ATOM/USDT currently trading at $20.45 Buy-level: Above 23.00 (only buy if day candle closes above the triangle) Stop loss: We will update once we see the breakout Target 1: $24.60 Target 2: $26.40 Target 3: $30.00 Target 4: $35.00 Max Leverage: 3X ALWAYS KEEP STOP LOSS... Follow Our Tradingview Account for More Technical Analysis Updates, | Like, Share and Comment Your thoughts.
Long
by GreenCryptoTrades
2
LITUSDT Symmetric Triangle formation#LITUSDT (Day Chart) Technical Analysis Update Waiting for the symmetric triangle breakout LIT/USDT currently trading at $9.97 Buy-level: Above 11.20 (only buy if 1 day candle closes above the triangle) Stop loss: We will update once we see the breakout Target 1: $12.45 Target 2: $14.65 Target 3: $18.40 Target 4: $20.00 Max Leverage: 2X ALWAYS KEEP STOP LOSS... Follow Our Tradingview Account for More Technical Analysis Updates, | Like, Share and Comment Your thoughts.
Long
by GreenCryptoTrades
2
Dash Perpetual Futures Prepare for the 40 % Breakout Dash is currently Trading within a falling wedge and rejecting at the POC on the 4HR TF . On the 1D TF we can see clearly whats happening after ATH was printed we are now moving between S/R . I anticipate that we make our way down to print another LL with support and confluences at the support line of the wedge with the .786 fib and the 100 EMA and a Volume profile match to give us a bounce off the support. With a close outside of the Resistance for a Long and SL placed below the last swing low for a potential 40 % gain . This is determined by measuring the wedge opening . As demonstrated in the chart ... Follow and Like For More Setups and or Trading Questions
Long
by SJTRADESFUTURES
BNB - 6h. Buyers shouldn't lose control of $230-235For a month now, on the BNB market , market participants have been trading in a consolidation triangle , which is shrinking every day. After the sharp impulse of BNBUSDT price growth during February 17-20, sellers tried to take the initiative into their own hands. Their most dangerous attack was on February 23, when the price on the BNB market fell 43% in 3 days . In our previous global idea, we indicated that a critical moment has come in the market: While buyers still have a chance to test a new all-time high at $400 . However, to do this, you need to keep the lower trendline of the triangle, which runs near the range of $230-235. At the moment, given how other coins have fallen against the backdrop of the fall in the BTC market , the BNB price is confidently staying in the range of $250-255 . Calmness of buyers and weakness of sellers indicate a high probability of a new growth impulse in the near future. And even if the BTC price continues to fall to $45,000-46,000, it seems that the BNB price will not go below the critical range of $230-235. All buyers need at the moment is to ride out the storm. The first target is $300 . Only after fixing above can you think of $390-400 ___________________________ We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements. Subscribe to us and get daily concise analytics!
by P_S_trade
19