BNB: Resistance BreakoutTrade setup : Price remains in an Uptrend. After consolidating in a Bullish Flag pattern, price broke out in the direction of the existing Uptrend and above $400 resistance to signal resumption of Uptrend with +10% upside potential near-term to $450. Stop Loss (SL) at $387.
Trend : Uptrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Bullish but inflecting. MACD Line is above MACD Signal Line and RSI is above 55 but momentum may have peaked since MACD Histogram bars are declining, which suggests that momentum is weakening.
Support and Resistance : Nearest Support Zone is $350 (previous resistance), then $300. The nearest Resistance Zone is $400, which it broke, then $450.
BNB
Will BNB try to break out?So, after 693 days BNB has reached the upper resistance of this huge channel and considering the bullrun has barely begun this will breakout. Also because Binance want his coin to fly so they'll deploy liquidity! And to be honest I'd be happy if they did because Binance ecosystem is really useful. The BSC is super cheap, I've been using it many times, I know it's not fully decentralized but at the end of the day I really don't care, I'm here to make profit not for the philosophy.
In case of breakout this is how I'd see this playing out (only pay attention to the trajectory, not the time):
Going back to W timeframe the RSI seems to be too much overbought but if OBV breaks out this should still fly. I wouldn't expect great ROI from BNB, it has a huge Market Cap, it'd be hard to do more than 3-4x to be honest, maybe less. In the short period, if OBV doesn't breaks out I expect a retracement!
Well that's it, I'm not trading it, I only use it to buy on the BSC. Use my TA as you like.
Good luck
BNBUSDT - Price can leave pennant and rise to $430 pointsHi guys, this is my overview for BNBUSDT, feel free to check it and write your feedback in comments👊
Recently price trades near support level, but later it declined to support area, where BNb entered to pennant.
Then price made strong upward impulse from support line of pennant to $387 points, thereby breaking $350 level.
BNB made little correction and then continued to grow to next support level, which coincided with one more support area.
Later, price broke this level too and rose to resistance line of pennant, but in a short time later it declined to support line.
Soon BNB bounced of support line and rose back to resistance line, breaking $405 level, where continues trades near.
Now, I think Binance Coin can fall to support level and then bounce up to $430, exiting from pennant.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
Hey Guys, Insider here.Like it or not, but history always repeats itself.
Banks and goverments always will be letting you down.
You're always will see more people trusting btc instead.
Dollars will always go down. Even if sometimes they will go up a lil bit coz of rate hikes in 2023.
Bulls always will be winning. They believe in constant evolution. This is inevitable (until it's not though)
Pigs always will be driven by emotions and fears.
Bears always will be crushing a party, but Bears lives are short.
Scammers always will scam and get jailed. Shitcoins always will be full of shit, unless a few one. Elon Musk will never reach Mars.
You're will keep working in MCD. Justin Sun will be always screwing your wife.
It is what it is.
BNB/USDT Keep an eye on Bullish Flag, Break or rejected ??💎 BNB has recently experienced significant developments in the market. It is currently exhibiting a Bullish flag pattern, which is considered a bullish continuation pattern.
💎 If BNB successfully breaks out of this pattern, there is a probability of a continued upward movement in price, with the potential to reach our target strong resistance area.
💎 However, if BNB fails to break out of the pattern, there is potential for the price to decline and return to retest the support area to establish new momentum. In a more bearish scenario, BNB could even drop back to the demand area around 266.
💎 The demand area is critical and would require a bounce to support the continuation of the upward movement. If BNB remains in a sideways trend with weak volume, this could be a concerning sign, as it may lead to a loss of demand or a breakdown of the area.
💎 In such a scenario, BNB would revert to a downward movement, and the support trendline would also be breached, potentially taking the price back to the strong support area.
Will Binance Coin beat the Resistance line soon?30-min chart, BNB/USDT has a tendency to rebound to the Resistance line R - at around 361.5
Currently, it is trading in a a falling channel - between R and S lines.
Clear crossing and closing above 362 for 3 candlesticks will push the price to 377.8 - then extending to 389.1
Stop loss below Support line S
BNB: Resistance BreakoutTrade setup : Price remains in an Uptrend. After consolidating in a Bullish Flag pattern, price broke out in the direction of the existing Uptrend and reached our target of $400 for a +30% gain. Price has also broken above $400 resistance; however, it is now very overbought (RSI > 75), Hence, near-term, we’re likely to see it pause here on some profit taking. We would patiently wait for a pullback opportunity for a swing trade entry in Uptrend.
Pattern : Bullish Flag pattern. Short term small rectangle trading range between diagonal parallel lines. It moves counter to the prevailing price trend observed in a longer time frame on a price chart. It forms typically following a sharp advance and often indicates a small change in direction (or areas of consolidation) before the previous trend resumes. Flag pattern is among the most reliable continuation patterns that traders use because it generates a setup for entering an existing trend that is ready to continue. Trade is initiated on a breakout, if it is in the same direction as the prevailing trend. Also, with bullish flag patterns, traders prefer a breakout with an increase in volume but it isn’t a must.
Trend : Uptrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55).
Support and Resistance : Nearest Support Zone is $350 (previous resistance), then $300. The nearest Resistance Zone is $400, which it broke, then $450.
Massive bull run has started!In this article you will know what is the targets for BTC ETH and BNB for the bull market.
The current Bitcoin market cycle has proven to be one of the most intricate to decipher, catching even the best crypto traders off guard. The skepticism persisted until the price surpassed $15,500, with many traders and bloggers only seriously considering the possibility of a bull market after Bitcoin broke $52,000 several days ago. It's understandable, as many crypto trading strategies hinge on trend analysis, and until the price exceeds the all-time high (ATH), the prevailing sentiment often leans toward a bear market. This reliance on historical trends can be a lagging indicator of a trend change, emphasizing the need to stay present in the current market moment and comprehend unfolding events.
Bitcoin
The AI trading bot on the Skyrex crypto trading platform made a significant move, shifting to bullish settings when Bitcoin broke the $32,000 mark. From our perspective, this should have marked the end of bearish expectations. Now, let's delve into what to anticipate from Bitcoin in the near future.
Examining the Elliott wave structure for Bitcoin on the monthly time frame, the Awesome oscillator, in tandem with waves, forms a robust trading crypto strategy. The maximum value of the Awesome oscillator aligns with the top of wave 3. Despite a reactive wave 4 retracing to $15,500, it didn't overlap the top of wave 1, preserving the core Elliott waves axiom.
While the price is anticipated to break its all-time high soon, a potential bearish divergence may arise as the new Awesome oscillator top is lower than the previous. The target zone for wave 5 is $79,000, calculated based on the distance between wave 1's bottom and wave 3's top, measured from wave 4's bottom. A bearish reversal bar with divergence is expected in this zone for a potential reversal.
Ethereum
ETH mirrors a similar wave structure to BTC, currently attempting to breach the 0.61 Fibonacci retracement zone. This breakthrough could propel Ethereum to new ATH, with the target for the last wave set at $5,700. Observing the price action when ETH reaches this level will provide further insights.
Binance Coin
Despite the FUD surrounding Binance exchange, BNB emerged as one of the strongest assets in the bear market, concluding its correction earlier than the broader crypto market. The Elliott waves structure here closely resembles that of ETH and BTC, with the final target for wave 5 set at $870.
Best regards,
Skyrex team
BNB are you ready for a hard landing?Hello friends, the market is in a real spiral of events and it seems to me that there is a lack of steam for some big performances. So I think summer is just around the corner and especially with altos we have a lot to look forward to =) buy at the bottom and sell at the top. Always SL and if BTC doesn't go well in retests always money out.
Binance Coin can correct to support line and then rebound upHello traders, I want share with you my opinion about Binance Coin. Looking at the chart, we can see how the price some days ago started to trades in an upward channel, where it first rebounded from the resistance line and fell to the buyer zone, which coincided with the 301 support level. After this, BNB bounced up and some time traded near the 301 level, after which it made a correction back to the buyer zone. Soon price backed up and a few time traded between the support level, after which it reached support line of the channel and made a strong upward impulse to the resistance line of the upward channel. BNB rolled down from this line and declined to 345 points, after which it turned around and started to rise to the current support level, which coincided with the support area. In a short time later, BNB reached this level, and broke it, thereby exiting from the upward channel and continuing to move up near the support line. Now, the price trades near the support line and I think that Binance Coin can correct to this line and then continue to rise higher. For this case, I set my target at the 430 level. Please share this idea with your friends and click Boost 🚀
BNB/USDT 4h ChartI invite you to review BNB in a four-hour interval. As can be seen at the beginning, the price is again approaching the upper limit of the ongoing upward trend channel, which may limit the upward movement.
In this situation, we will deploy the trend based fib extension tool, thanks to which we can mark a very strong resistance zone from $402 to $411, which is the upper border of the channel, which again may be a big limitation for further growth, but if the price positively overcomes the resistance zone, further we can see a rapid increase to around $438.
Looking the other way, we can similarly identify support areas where the price could potentially end its recovery. And here we should take into account a small zone from $385 to $380, and then we can see how the price may return to the level of $369.
When we look at the RSI indicator, we can see that there is still room for growth, while the STOCH indicator again exceeds the upper limit, which previously resulted in the suspension of growth and recovery.
BNB NEW UPDATE (4H)This analysis is an update of the analysis that you can see at the bottom of this page, in the related analysis section
In the previous analysis, we specified an invalidation level of 2.8% for BNB from the supply range and announced that if this level is touched, the analysis will be violated. The invalidation level was touched and the previous analysis was violated.
In the previous analysis for BNB, we imagined a diametric correction for wave B, but the correction was a triangle.
BNB has completed a wave A and a wave B. It is now expected to have an upward wave C while maintaining the green swap range.
BNBUSDT - Price can continue to grow to $400 in rising channelHi guys, this is my overview for BNBUSDT, feel free to check it and write your feedback in comments👊
Recently price entered to rising channel, where it some time traded near support level, which coincided with support area.
One time, price fell to support area, but soon turned around and made upward impulse higher than resistance line of channel.
After this, BNB in a short time declined to support line of channel, making fake breakout and then bouncing up to $366 level.
Soon, BNB broke this level, which coincided with support area, and rose to resistance line, but recently fell back.
Also, price bounced up and now it continues to grow in channel, that's why I think that BNB can little correct and then rise to $400
If this post is useful to you, you can support me with like/boost and advice in comments❤️
JUST IN: Judge fines #Binance $4.3 billion in US plea $BNB**Breaking News**: In a **stunning blow** to the cryptocurrency giant, **Binance**, a U.S. judge has **slammed down a record-breaking $4.3 billion fine**. The verdict comes after Binance **pleaded guilty** to **serious violations** of anti-money laundering regulations and sanctions protocols. 🚫💰
The once-prominent exchange, known for its global reach and massive trading volumes, now faces a **financial tsunami** that could **ripple through the crypto market**. The judge's ruling sends a clear message: **no one is above the law**, not even the behemoth of digital currencies.
As the news reverberates across the financial world, Binance's CEO, Changpeng Zhao, is reportedly **reeling from the blow**. The company's reputation, once untouchable, now lies in tatters. Investors are **dumping their holdings**, fearing further repercussions. The crypto community, once fervently loyal, is now **questioning its allegiance**.
The $4.3 billion fine is a **crippling blow**. It's not just a monetary penalty; it's a **symbolic gut punch**. Binance's empire, built on the promise of decentralization and financial freedom, now stands on shaky ground. The judge's gavel has shattered that illusion, leaving behind a trail of uncertainty and doubt.
And what about the millions of users who trusted Binance with their hard-earned funds? They're left wondering: **Is this the end of an era?** Will Binance survive this unprecedented setback? Or will it become a cautionary tale for the crypto industry?
As the dust settles, one thing is certain: the crypto landscape will never be the same. The **mighty have fallen**, and the echoes of this judgment will resonate for years to come. Brace yourselves, fellow investors, for the storm is here, and it's named **regulation**. 🌪️📉
Sources:
1. (www.msn.com)
2. (variety.com)
3. (www.cnbctv18.com)
4. (www.techtimes.com)
Sursă: conversație cu Bing, 24.02.2024
(1) Judge Approves Binance’s $4.3 Billion Settlement For Anti-Money ... - MSN. www.msn.com
(2) Binance, world's largest crypto exchange, to pay $4.3 billion fine as .... bing.com
(3) Binance to Pay $4.3B to Settle Money-Laundering Charges, CEO Resigns. variety.com
(4) Binance to pay record $4.3 billion fine for breaking US anti-money .... www.cnbctv18.com
(5) Binance to Pay $4.3B for Sanctions, As US Judge Approved Plea Deal. www.techtimes.com
BNB bulls are screwed.BNB longers have stop losses at the following levels:
340 USD
260 USD
220 USD
Massive 10 Million Dollar Liquidations start at:
185 USD
130 USD
60 USD
Multiple 100 Million Dollar Liquidations :
35
16
8
Binance Shutdown :
0.5 Cents.
SEND CZ TO JAIL, ULTRA MANIPULATOR AND SCAMMER<
SEND JUSTIN SUN TO JAIL.
SEND 3AC to JAIL
💡Don't miss the great buy opportunity in BNBBTC %66My friends, I am intensively working on BNB. You can also review my previous analyses regarding BNB. I hold a positive view on BNB. The ecosystem is expanding, the BNB staking in launchpads, Binance's dominance in the sector, and the token burning policy until it drops below 100 million—all these factors are positive for BNB. As you can see, my past predictions have never been wrong. Now, I am expecting a 66% increase with a 5% risk factor. My expectations are actually higher, but this is what I can share with you.
Binance Coin - 10.000% RallyHello Traders, welcome to today's analysis of Binance Coin.
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Explanation of my video analysis:
After the break and retest on Binance Coin back in 2020 we saw an insane rally of +10.000% towards the upside. Recently BNB then broke out of a longer term triangle continuation pattern and can now potentially create a similar rally. I am now just waiting for a break and retest of the structure mentioned in the analysis and then I my first target is the previous all time high.
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I will only take a trade if all the rules of my strategy are satisfied.
Let me know in the comment section below if you have any questions.
Keep your long term vision.
BNB/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this BNB/USDT update from Crypto Sanders.
Chart Analysis:- Hello friends, what do you think after seeing the chart? Please comment on the BNB WEEKLY update.
Surprisingly, Binance Coin is the best performer on our list after increasing its price by 6% this week and hitting a new yearly high. The bias is bullish, but current market sentiment may temper expectations of higher price levels.
For this rally to continue, buyers need to push BNB above 377 and claim this level as key support. This will open the door to higher prices due to which this cryptocurrency can break above 400.
Binance Coin could make new highs if buyers remain determined. Failure to sustain above 377 could lead to price correction towards 330 or 300.
I have tried to bring the best possible results in this chart.
If you like it, hit the like button and share your charts in the comments section.
Thank you.