BNB SWING LONG IDEA - ALTCOIN SEASON - BNB CHAINBNB is one of the most stable coins in the crypto market. With Binance officially backing it, BNB is relatively safer compared to other altcoins.
Technical Analysis: The price hit and wicked into the monthly demand zone during the August 5th dump, showing a strong rejection and initiating an upward trend. This move established a weekly demand zone by breaking the weekly structure, and as it did so, it created a daily demand zone, which is a significant area for me.
Currently, the price is back into the daily demand and has reached the optimal trade entry zone according to the Fibonacci levels. I anticipate an upward movement from here in the coming days.
Targets: The initial target is $613-$619, with potential to reach the all-time high at $722.
Note: Watch out for the U.S. Presidential Election, as it may cause volatility with long wicks that could stop out positions.
Binancesmartchain
#UNFIUSDT #4h (ByBit) Rising wedge near breakdownUnifi Protocol printed an evening star and seems about to lost 200MA support, let's try a short.
⚡️⚡️ #UNFI/USDT ⚡️⚡️
Exchanges: ByBit USDT
Signal Type: Regular (Short)
Leverage: Isolated (5.0X)
Amount: 5.1%
Current Price:
4.5160
Entry Targets:
1) 4.5045
Take-Profit Targets:
1) 3.803
Stop Targets:
1) 4.856
Published By: @Zblaba
NYSE:UNFI BYBIT:UNFIUSDT.P #Unifi #DAO unifiprotocol.com
Risk/Reward= 1:2.0
Expected Profit= +77.9%
Possible Loss= -39.0%
Estimated Gaintime= 1 week
Why BNB will Break Above $4,000: A Technical Analysis BNB, the native token of the Binance blockchain ecosystem, has been exhibiting remarkable strength and resilience amidst the recent market downturn. While the overall cryptocurrency market has experienced significant volatility, BNB has held its ground and demonstrated a strong potential for continued growth. This article delves into the technical and fundamental factors that support BNB's bullish outlook and suggest its price could surpass $4,000 in the coming months.
Technical Analysis:
Daily Timeframe:
BNB has consistently formed bullish triangles on the daily timeframe, breaking out of each pattern with upward momentum. The most recent breakout propelled BNB from $300 to $600, marking a remarkable 100% gain. This pattern suggests that BNB is poised for another significant upward move.
Weekly Timeframe:
Currently, BNB is trading within a horizontal accumulation pattern on the weekly timeframe, a consolidation phase that has lasted for over 1,000 days. However, within this larger consolidation, BNB has established a tighter trading range, creating a spring-like effect. This pattern suggests that a breakout from the horizontal range and a surge towards $5,000 could be imminent.
Monthly Timeframe:
On the monthly timeframe, BNB has never exhibited bearish sentiment, consistently trading within an ascending channel. This uptrend has been further reinforced by a recent retest of the lower channel boundary, demonstrating strong support and a continuation of the uptrend.
Fundamental Factors:
Binance Ecosystem Growth:
The Binance ecosystem has experienced tremendous growth in recent years, expanding its services, user base, and transaction volume. This growth has directly benefited BNB, increasing its utility and demand.
BNB Burning Mechanism:
Binance regularly burns significant amounts of BNB through its buyback and burn program. This mechanism reduces the circulating supply of BNB, creating scarcity and driving up its price.
Staking Rewards:
BNB holders can earn attractive staking rewards by locking up their tokens and participating in various validation nodes. These rewards further enhance the token's value and incentivize long-term holding.
Inflation Resistance:
Unlike fiat currencies, BNB's supply is capped, making it inherently resistant to inflation. This characteristic positions BNB as a hedge against inflation and a store of value.
Conclusion:
BNB's technical analysis and fundamental factors paint a compelling picture of a token poised for significant growth. The consistent bullish patterns, strong ecosystem growth, token burning mechanism, staking rewards, and inflation resistance all contribute to BNB's bullish outlook. While market conditions can always change, the weight of evidence suggests that BNB has the potential to break above $4,000 and continue its upward trajectory.
#CTK/USDT 1D (ByBit) Descending wedge on supportShentu (a.k.a. CertiK) looks likely to reverse after printing that morning star with a dragonfly doji at the bottom.
Relative Strength Index (RSI) also bounced back on oversold territory, revisiting 100EMA resistance would make sense.
⚡️⚡️ #CTK/USDT ⚡️⚡️
Exchanges: ByBit USDT, Binance Futures
Signal Type: Regular (Long)
Leverage: Isolated (3.0X)
Amount: 5.4%
Current Price:
0.4665
Entry Zone:
0.4628 - 0.4384
Take-Profit Targets:
1) 0.5175
1) 0.5678
1) 0.6181
Stop Targets:
1) 0.3947
Published By: @Zblaba
$CTK #CTKUSDT #Shentu #CertiK #BSC shentu.technology
Risk/Reward= 1:1.2 | 1:2.1 | 1:3.0
Expected Profit= +44.5% | +78.0% | +111.5%
Possible Loss= -37.2%
Estimated Gaintime= 1-3 months
www.shentu.technology
BNB about to take a HUGE winter hit BNB is moving in a descending triangle since Nov 23rd und is most probably a few hours away from a downside breakout.
The descending triangle formation is confirmed by a declining volume throughout the pattern and a strong RSI resistance at its 50% level.
That will be the 1st of 2 possible downside breakouts, as the right shoulder is about to form.
Once the whole (Over 2month old) Head and Shoulders pattern is formed, volume at the right shoulder will be the key to determine wether the odds favor a bigger subsequent decline or a failed H&S pattern.
Caution is required!
$BNB/USDT 2D (#Bybit) Falling broadening wedge on resistanceBinance Coin (a.k.a. BNB Chain) got rejected on daily 200MA and does not seem to be able to break-out quite yet.
Let's hedge our holding with a short position without leverage, entering on the possible bearish retest!
Current Price:
303.00
Entry Zone:
309.95 - 339.85
Take-Profit Targets:
1) 248.80
2) 209.10
3) 172.45
Stop Targets:
1) 386.00
Published By: @Zblaba
Risk/Reward= 1:1.25 | 1:1.9 | 1:2.5
Expected Profit= +16.26% | +35.64% | +46.92%
Possible Loss= -18.81%
Tags: #BNB #BNBUSDT #Binance #BnbChain #BuildNBuild #BinaryFinance #Payment #SC #CEx #CeFi #DEx #DeFi #BSC
Websites: www.binance.com www.bnbchain.world
Contract:
#Mainnet
BNB bearish trade in 4h chartMany cryptocurrencies are in important levels ( in the majority of the cases resistance) in the case of BNB we're in a resistance and this one starts from 288 to the psychologic number 300.
in lower TMF like 30m the entry for a short trade would be between 288/291.
And as you can see the stop loss in this case is more short because BNB isn't too volatile thats why
BINANCE LONGS ACTIVE 📉📉📉Expecting bullish price action on BINANCE COIN as price is rejecting a bullish orderblock area on the H4, price shifted the market structure from bearish into bullish. For now i see only higher price action on this coin everything alligned with the fear/greed index that is in extreme fear.
What do you think ? Comment below..
BINANCE LONGS ACTIVE 📉📉📉📉 Expecting bullish price action on BINANCE COIN as price shifted the market strucutre from bearish into bullish. Price retraced back after the market structur shift move into a bullish orderblock area that could act as a valuable area of ,,support,, if you will 410$ price area.
FEAR/GREED Index tells us that market is in a FEAR market sentiment meaning there is a buy opportunity.
What do you think ? Comment below..
BINANCE LONGS ACTIVE 📉📉📉📉 Expecting bullish price action on BINANCE COIN, and i think we can call a bottom right there. I think price will shift the strucutre from bearish into bullish rejecting 350$ institutional figure, we have also a RSI OVERSOLD AREA meaning the price is at a discount. Bitcoin is bullish from a technical/fundamental perspective and it should push binance higher.
What do you think ? Comment below..
cakeusdt long positionPancake Swap has come to this day due to its stupid policies because this amount of tokens with this high profit of steak tanks has really increased the $ 40 currency to $ 6, but it seems that it is reforming its policy and reducing the profit of steak tanks. Has created the futures trading section inside an exchange office and it also burns tokens on a monthly basis. This can be a good entry point.
(XVS)VENUS 61.8 RETRACE☑️ WHAT NEXT?In our last Venus analysis, we talked about how price could drop all the way down to the 61.8% fib support level as shown below
Now that we have reached that level, the question is what happens next?
In addition to the Uptrend channel we constructed last time, price managed to sneak in a downtrend channel as well which went unnoticed in our previous analysis.
A safe entry would be to wait for price to break the downtrend channel back into the uptrend channel and make a retest before buying, or to wait for a 2nd test of support of the downtrend channel ifyou havent gotten in already.
We also added an update to our original analysis citing that we could bottom at the 123.6 fib region with the 161.8 being the worst case scenario as shown below
Have your stops below the 161.8 region and HODL
First target- Previous ATH
2nd Target- 1.382 fib resistance
3rd Target- .1.618 fib resistance
If you agree pls leave a like and share your thoughts in the comments as well
Always manage your risks.
BNB Analysis for February 06th - Needs to breakout around $476On the weekly BNB continues it's downtrend. The daily chart looks good but zoom out to the weekly and we see that BNB clearly needs to break out of its resistance to have a chance at a full breakout. It did meet the $401 mark from February 4th when Bulls were buying lower at $350. If the downtrend continue bulls will start buying at $320 and lower instead of $350. However I have hope for this since I believe the price of bitcoin will continue its trend upward. It still seems that the bulls are trading on rallies. We will have to wait for a breakout around $476 to say that BNB is looking to make a full breakout. I am thinking about getting ready for Spring and having good thoughts about this one. As you all know Hex Coin is an ERC 20 token. Why did I pull that one out of my ass? Because now you get a chance to get into a new token with daily auctions launching on Binance Smart Chain called Rex Token. With this token if you go back to June 21, 2021 you will see that the first launch of Rex made the price of BNB sky rocket to all time highs. The astonishing counterpart to Rex Token is TREX and with the first launch this was too powerful and caused too much inflation. Now with the relaunch of Rex Token I truly believe we will see BNB along with Ethereum, Hex Coin and Bitcoin move to the uptrend. There are so many projects out there how can you trust any of the farms and Daos? They all seem to lose money with the LP tokens. The majority do anyway. With Rex Token that is not an issue. With the BNB pool you can't go wrong either. I have high hopes for BNB and Binance Smart Chain.
start of the 3rd wave is nearcrab harmonic pattern:
X=$0.0000000097
AB=0.38 XA
BC=0.88 AB
1.6 BC=$0.0000000026
2 BC=$0.0000000039
0.78 XA=2.24 BC=$0.000000005
0.88 XA=$0.0000000068
2.6 BC=$0.0000000074
1.13 XA=$0.000000014
3.6 BC=$0.00000002
1.41 XA=$0.000000035
4.23 BC=$0.000000039
1.6 XA=$0.000000067
FEG firework time!FEG/USDT chart doesn't exist on the Tradingview so I analyzed FEG/WETH chart.
FEG/USDT prices:
buy point:2*e-9 rocket launch time: 18 September
tp1=2*e-8 (%1000 gain in 3 days)
tp2=3*e-8 (%1500 gain)
tp4=4*e-8 (%2000 gain)