BNB
BNB#BNB
Many possible ways to play out.
1. We see breakout above orange resistance line or 241.2$ in this case BNB will go higher to test 281$ level
2. BNB doesn’t manage to break the 242$ level and comes to retest 212$ level again where important to see the bounce and W close above 212$ for up trend continuation
3. BNB break below 212$ and thats it… bye bye BNB coin…
BTCUSD → Pre-breakdown consolidation near resistance COINBASE:BTCUSD looks confident enough to continue its growth. The fundamental background and market expectations continue to support high interest in the flagship of the crypto market.
Bitcoin practically does not react to the news related to the Binance case, the local decline was quickly bought out and the market performs another retest of resistance, while one of the largest crypto exchanges withdraws huge money.
Bitcoin on the global chart has entered a new bullish range, the support of which is the area of 34000-36000, the target of range trading is the area of 42000-44300, then the maximum of 48234 plays a psychological role, because behind this area there is a huge pool of bearish liquidity.
In terms of technical analysis we see the formation of ascending triangle on the background of global bullish trend. The pattern is formed at the resistance of the ascending channel. Consolidation is gaining potential for the formation of the movement, if the fundamental background remains as strong in the near future, the market will try to realize the potential of the ascending triangle.
A breakout of the resistance area will bring prices to a new level and in this case it will only accelerate the growth of bitcoin value.
The breakout of the resistance of the ascending channel in the area of: 37600 - 38000 - 38500 will form the potential for growth towards 40600 and 44350.
Reasons why we expect growth to continue:
- Strong bullish trend
- Strong fundamental background
- There is no proper reaction to the retest and false breakdown of resistance, the price does not fall, but forms a local correction, within which it cannot even update the local minimum.
- Consiliation is formed and the price is pressed to the resistance.
Support levels: 35700, 35000, 34500
Resistance levels: 37500, 38000
In the future, I expect the continuation of growth and a breakthrough of resistance on the next retest. Targets are indicated on the chart
CRYPTOCAP:TOTAL CME:BTC1! CRYPTOCAP:BNB
Regards R. Linda!
BTC & Most Alts Look ☀️, Yet, BNB Faces ☁️ - Downward Trend A bullish sun ☀️ continues to dominate the skies over the global crypto market in the next 24 hours, indicating further upside potential for Bitcoin, Ether, and many altcoins. These bullish conditions will persist over a one-week horizon, according to ATTMO.
Exceptions are Avalanche, Binance Coin, and Uniswap which will face bearish clouds ☁️ and downside risk in the next 24 hours, as well as Ripple’s XRP and Uniswap over the coming week.
Folow us for more crypto weather reports!
Binance Coin(BNB): Dumping While Market is Pushing? 👀 The BNB/USDT pair on the daily chart shows a failed attempt to push higher, indicating a potential reversal. The market seems to be reacting to news about Binance's founder, which could be influencing trader sentiment. The Price is now staying below 100EMA, showing us the strong overweight of bearishness (thanks to that failed attempt to push)
The path ahead for BNB may be choppy, with potential downward movements, but we need to have strong support from where we could see some sort of bounce (or some kind of positive news that could push prices out of this downward movement).
BTC repeating history again? Hey everyone, let's talk about Bitcoin! Remember back in June 2019 when Bitcoin really took off and hit that special 65% mark, known as the golden pocket?
Now, it looks like Bitcoin might be getting ready to do something similar. We're seeing signs that it could reach the golden pocket again, which this time means hitting around $50,000 before we begin the next bearish retracement.
Which could be idk, $28,000ish and maybe a swing lower than a buy back up? Perhaps. Lets see...
Binance Coin can exit from triangle and then rebound to 245Hello traders, I want share with you my opinion about Binance Coin. Observing the chart, we can see that the price a few time ago traded near the 224 support level, which coincided with the buyer zone and later BNB declined to this zone, after which it rebounded and made impulse up to the 245 resistance level. When the price reached this level, which coincided with the seller zone, BNB broke it and started to trades in range. After the range, Binance Coin made an upward impulse to 272 points, thereby exiting from the range and entering to triangle, where it at once rebounded from the resistance line and made a strong downward impulse to 224 support level. Also, the price broke the 245 level again, and after impulse down, BNB rebounded from the support level and tried to rise, but failed and made a correction. Then it bounced to the resistance line of the triangle and recently price rolled down from it and now trades near. In my mind, Binance Coin can decline a little more and then rise to the resistance line. Next, the price can break this line, exiting from the triangle, and make a retest. After these movements, the price can bounce from this line and continue to move up to the resistance level. For this reason, I set my target at the 245 level. Please share this idea with your friends and click Boost 🚀
BNB ☁️ 24 Hours Ahead; Bearish Momentum & DowntrendA strong bullish sun shines ☀️ over the global crypto market in the next 24 hours, indicating upside potential. Binance Coin bucks this positive trend with cloudy ☁️ bearish trading conditions ahead, ATTMO indicates.
Bullish trading conditions will also prevail over a one-week horizon, with additional upside potential for altcoins as well as both major cryptocurrencies – Bitcoin and Ether. However, ☁️ bearish clouds will be appearing over Ripple’s XRP, Avalanche, Polkadot, and Uniswap over this longer time horizon. 📈🌧️
Follow us for more crypto weather reports!
BNB: Approaching SupportBinance (BNB) technical analysis:
Trade setup : Trends are improving. Following a bullish breakout from Sideways Channel, price reached our target of $260, where it got rejected again, just as it did in July.
Swing Traders: Pullback near $220 support area could be an attractive swing trade entry, with upside back to $260 near-term. That $220 level was previously a resistance area, which was broken and turned into support area (concept known as polarity).
Trend Traders: Price needs to break above 200-day moving average (~$242) and $260 resistance zone to confirm Uptrend. If it does, it could revisit $300 next.
Trend : Downtrend on Short- and Medium-Term basis and Uptrend on Long-Term basis.
Momentum is Bearish but inflecting. MACD Line is below MACD Signal Line and RSI is below 45 but momentum may have bottomed since MACD Histogram bars are rising, which suggests that momentum could be nearing another upswing.
Support and Resistance : Nearest Support Zone is $220 (previous resistance), then $200. The nearest Resistance Zone is $260, then $300.
BUSD the next UST? Binance investigated! I think many of the Binance IPO whales will move away from BNB and BUSD after the news that the Securities and Exchange Commission (SEC) is investigating Binance for the issuance of its cryptocurrency token Binance Coin.
A report from Reuters agency says that Binance unknowingly processed billions in illicit transactions, including illegal drug sales, hacks, and investment fraud totaling $2.35 billion!
I think this could lead to sell-off in the crypto market if it proves to be true.
Looking forward to read your opinion about it.
BNB/USDT 4H Interval ChartHello everyone, let's take a look at the BNB to USDT chart on a 4-hour time frame. As you can see, the price is struggling to return above the local uptrend line.
When we unfold the trend based fib extension grid, we can see that the decline was maintained through the support zone from $227 to $225, and further we can see a decline to the support area at $220.
Looking the other way, you can see that the price has been rejected by the resistance at $229.81, and then there is a resistance zone from $232 to $234.
Looking at the CHOP indicator, we see that there is a lot of energy for the upcoming move, on the RSI we are moving in a sideways trend, while the STOCH indicator indicates that the price may go up a little more.
BNB/BTC - BNB: Falling Wedge◳◱ On the $BNB/ CRYPTOCAP:BTC chart, the Falling Wedge pattern suggests a pause in volatility, potentially gearing up for a breakout. Traders might observe resistance around 0.007025 | 0.007864 | 0.009155 and support near 0.005734 | 0.005282 | 0.003991. Entering trades at 0.005867 could be strategic, aiming for the next resistance level.
◰◲ General info :
▣ Name: BNB
▣ Rank: 4
▣ Exchanges: Binance, Kucoin, Gateio, Hitbtc
▣ Category/Sector: Financial - Smart Contract Platforms
▣ Overview: Binance Coin is digital asset native to the Binance blockchain and launched by the Binance online exchange.
◰◲ Technical Metrics :
▣ Mrkt Price: 0.005867 ₿
▣ 24HVol: 167.243 ₿
▣ 24H Chng: -0.34%
▣ 7-Days Chng: -3.04%
▣ 1-Month Chng: -1.93%
▣ 3-Months Chng: 6.11%
◲◰ Pivot Points - Levels :
◥ Resistance: 0.007025 | 0.007864 | 0.009155
◢ Support: 0.005734 | 0.005282 | 0.003991
◱◳ Indicators recommendation :
▣ Oscillators: BUY
▣ Moving Averages: STRONG_SELL
◰◲ Technical Indicators Summary : SELL
◲◰ Sharpe Ratios :
▣ Last 30D: 0.05
▣ Last 90D: 0.59
▣ Last 1-Y: -0.53
▣ Last 3-Y: 1.14
◲◰ Volatility :
▣ Last 30D: 0.56
▣ Last 90D: 0.38
▣ Last 1-Y: 0.44
▣ Last 3-Y: 1.00
◳◰ Market Sentiment Index :
▣ News sentiment score is N/A
▣ Twitter sentiment score is 0.58 - Bullish
▣ Reddit sentiment score is 0.50 - Bearish
▣ In-depth BNBBTC technical analysis on Tradingview TA page
▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated!
◲ Disclaimer
Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk.
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DYDX flight is not over yet!Hello trader! Today I have a new idea for you. Like and subscribe to the channel, there is a lot of useful information there.✅
Technical: prolonged growth has formed a structure with a downward movement and has broken through the local countertrend, there is the potential to reach an update high towards $3.9-4.
I do not rule out that there may soon be a squeeze movement down all alts, so be careful with your leverage! In theory, you can try to take 10-15% from here without leverage.
ETH - it seems that the trend line is about to be brokenHello trader! Today I have a new idea for you. Like and subscribe to the channel, there is a lot of useful information there.✅
Friends, pay attention to the local ETH chart with a clearly defined trend line, the last rebound from which was 3.5%.
I think that soon we will see a possible small pullback here with a possible breakdown of the trend line; from the technical side, after the breakdown, there may be a spill below $2000.
You took a short position from the current ones, are you waitingHello trader! Today I have a new idea for you. Like and subscribe to the channel, there is a lot of useful information there.✅
I’m trying to catch a rollback towards the trend line from the current values. I allocated 15% of the deposit for shorting with a leverage of 3X.
Deal plan:
▪️Entrance - $38,820/39,150
▪️Stop - $40,150
▪️Take - I will update
Guys, the deal looks a little dangerous, so be careful! I set the stop taking into account the expansion of the position with averaging of the entry point (-2.5% without X), you can use a different MM depending on the leverage. Goal: see a breakout of the trend line.
Is Bitcoin heading for a correction? Attempt №2Hello trader! Today I have a new idea for you. Like and subscribe to the channel, there is a lot of useful information there.✅
Friends, some thoughts on the Bitcoin chart:
We received a buyer's reaction from $37,450, thereby removing liquidity from below (long positions), after which Bitcoin crossed the local maximum of $38,550, removing short positions. In general, they shaved both of them.
There are thoughts that we may soon see a slight pullback towards the trend line of $37,400-36,500 (6-5.5%). I think that there is now a little euphoria in the market and the majority are now preparing for a trip to $40,000; well, before going into this zone, it would be logical to see a pullback.
Guys, I put a calculator on the chart just so that you can see the zone where the price can approximately go, if you take a short position from the current values, try to do this with an increase higher.
BNB/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this BNB/USDT update from Crypto Sanders.
Chart Analysis:- Unfortunately, BNB’s price fell by 3% this week after buyers were unable to regain control. The momentum remains bearish as the price continues to make lower lows.
The level at $230 turned into a resistance this past week, and it is unlikely to see a reversal any time soon. At best, this cryptocurrency could aim to reclaim $230 as support.
If nothing changes, then BNB could drop back to levels not seen since early October, when the price was found at $200. This is also the strongest support on the chart right now
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.
Is Bitcoin Ready to Rise in December?Hello trader! Today I have a new idea for you. Like and subscribe to the channel, there is a lot of useful information there.✅
Let's welcome the month of December green?
I’m trying to get a scalp-long with a small gain below 10% of the deposit
Deal plan:
▪️Entrance - $37,510/37,050
▪️Stop - $36,500
▪️Take - I will update.
Guys, on one of the exchanges there is now strong pressure towards 37,000-36.***$, perhaps they will send us there, so I’ll leave one limit for adding positions. With stop averaging you get -2% without leverage, calculate the risks in advance.
BNB/USDT Review CHartI invite you to review the chart of BNB in pair with USDT, also on a one-hour time frame. First, we can use the blue lines to mark the downward trend channel in which the price has been moving since the last correction.
In order to check the current support areas, when the correction begins to deepen, we will unfold the Trend Based Fib Extension grid and we can determine the first support for the price at $225, and then it is worth defining an important support zone from $221 to $218.
Looking the other way, we can similarly mark places where the price should encounter resistance on the way up. And here you can see the resistance zone from $230 to $231, which effectively stopped the price increase, while if we manage to break out of it, we have a second zone from $234 to $237.
The CHOP indicator shows energy for the next move, the RSI indicator is recovering with room for a larger correction, while the STOCH indicator is moving at the lower border, which may result in a temporary sideways trend.
BNB: Approaching SupportBinance (BNB) technical analysis:
Trade setup : Trends are improving. Following a bullish breakout from Sideways Channel, price reached our target of $260, where it got rejected again, just as it did in July.
Swing Traders: Pullback near $220 support area could be an attractive swing trade entry, with upside back to $260 near-term. That $220 level was previously a resistance area, which was broken and turned into support area (concept known as polarity).
Trend Traders: Price needs to break above 200-day moving average (~$242) and $260 resistance zone to confirm Uptrend. If it does, it could revisit $300 next. (set a price alert).
Trend : Downtrend on Short-Term basis and Uptrend on Medium- and Long-Term basis.
Momentum is Mixed as MACD Line is below MACD Signal Line (Bearish) but RSI ~ 50 (Neutral).
Support and Resistance : Nearest Support Zone is $220 (previous resistance), then $200. The nearest Resistance Zone is $260, then $300.
Is Bitcoin heading for a correction?Hello trader! Today I have a new idea for you. Like and subscribe to the channel, there is a lot of useful information there.✅
Is it time to remove liquidity from below?
Previously, I shared a similar chart on the channel and expected that the test of the trend line would occur for a rebound upward, but it seems that MM decided to first remove liquidity from above $38,550 and then go to test the local trend line.
I decided to open a small short for 10% of the deposit, I think that locally Bitcoin may undergo a correction before the end of the month. To be safe, you can set the limit to the last high and move the stop 300-500 points.
Deal plan:
▪️Entrance - $38,150/38,550
▪️Stop - $39250
▪️Take - I will update.
P.S: If the price quickly moves to the trend line of $36,800, then you can fix most of it and move the stop to used.
BNB massive drop to 140$ !!!Hello Traders
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Team Fortuna
-RC
(Disclaimer: Published ideas and other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your research.)