What's next for Binance? BNBCZ has officially stepped down as Binance CEO. How the market will take this move? Honestly i think BNB will react with a slow drop that could lead the price very low, maybe to 2 digits near 40 USD. This is just good for us long term investor, because we will have a big opportunity to buy cheaper and wait for the great comeback of Binance
BNB
BNBUSDT Bulls in Control, Approaching $300BNBUSDT Bulls in Control, Approaching $300
BNBUSDT (1h Chart) Technical analysis
BNBUSDT (1h Chart) Currently trading at $256
Buy level: Above $255
Stop loss: Below $237
TP1: $265
TP2: $275
TP3: $285
TP4: $300
Max Leverage 5x
Always keep Stop loss
Follow Our Tradingview Account for More Technical Analysis Updates, | Like, Share and Comment Your thoughts
Exploring Trends and Opportunities in Cycles with BNB/BTCAnalyzing the recurring cycles within the BNB/BTC pairing reveals a promising landscape for strategic trading. Over 650-day intervals, distinct patterns emerge, guiding investors through highs and lows in price dynamics.
This cyclic strategy presents a valuable tool for traders seeking optimal moments to exchange between BNB and BTC, potentially maximizing gains and capitalizing on market opportunities. It's crucial to acknowledge the current long-term historical uptrend in BNB/BTC, recognizing that revisiting lower price regions may be a healthy and strategic move from a technical perspective.
In essence, understanding and navigating these cycles can empower investors to make well-informed decisions, aligning their trades with the prevailing trends and enhancing overall trading performance."
BNBUSDT Bulls in Control🔅BNBUSDT's price movements have revealed a compelling shift in two supply levels transitioning into key demand zones. Initially observed at $220, the resistance-to-support transformation is evident, indicating a robust shift in market dynamics. The subsequent level at $238 echoes a similar narrative, reaffirming the trend of supply turning into demand. Over the past three days, this support level has garnered consistent respect, aligning harmoniously with the ascending trendline. This collective pattern underscores the prevailing dominance of buyers, significantly bolstering the probability of an ongoing uptrend scenario.
🔅The continuous adherence to the present support levels fortifies our anticipation of a potential 15% surge in Binance Coin. Our prognosis derives strength from the identification of a formidable double Fibonacci resistance positioned at $270, which serves as a significant barrier to price movement.
🔅As long as the current support levels maintain their integrity, the outlook remains bullish, setting the stage for a probable upward movement with a calculated target of $270, signaling a 15% upward trajectory for BNBUSDT.
BNB Price Soars As Binance Discusses $4 Billion Fine The U.S. Justice Department is seeking more than $4 billion from Binance Holdings as part of a proposed resolution of a years-long investigation, Bloomberg News reported on Monday.
Negotiations between the Justice Department and Binance include the possibility that the cryptocurrency exchange's founder, Changpeng Zhao, would face criminal charges in the United States.
The BNB price soared as much as 7% after Bloomberg News reported that Binance is in discussions with the US Department of Justice (DoJ) that may result in it paying a $4 billion fine to settle allegations of multiple criminal violations.
The discussions with the DoJ may result in a settlement within weeks, but founder Changpeng Zhao may still face criminal charges, Bloomberg reported, citing people familiar with the matter.
Binance, the world’s biggest crypto exchange, has been accused of money laundering, violating sanctions, bank fraud, and breaking US securities laws in a case that has weighed heavily on the crypto industry.
A $4 billion settlement would make it one of the biggest in the history of the cryptocurrency space. Whether other conditions would be imposed as a part of the settlement are unknown, Bloomberg said.
The BNB token, which powers the Binance ecosystem, spiked as markets interpreted the news as a bullish, best-case scenario for the beleaguered crypto exchange. It subsequently pared gains to trade up 4.8% at $260.73 as of 06:12 EST but is now trading at $257.3 with a gain of +1.77
BNB: Approaching ResistanceBinance (BNB) technical analysis:
Trade setup : Trends are improving. Following a bullish breakout from Sideways Channel, price reached our target of $260. Price broke above 200-day moving average (~$242) and needs to break above $260 resistance zone to confirm Uptrend. If it does, it could revisit $300 next.
Trend : Uptrend on Short- and Medium-Term basis and Neutral on Long-Term basis.
Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55).
Support and Resistance : Nearest Support Zone is $220 (previous resistance), then $200. The nearest Resistance Zone is $260, which it broke, then $300.
BNB Update - 23082023BNB Should hold critical support at 200. Otherwise whole crypto market will drop as we observed in FTX collapse.
Disclaimer: The information and analysis provided in this publication are for educational purposes only and should not be construed as financial advice or recommendations to buy, sell, or hold any securities. The author and TradingView are not responsible for any investment decisions made based on the content presented herein. Always consult a financial professional before making any investment decisions.
An optimal distribution of cryptocurrency holdings - Educational
Welcome to our video where we talk about the best way to spread out your crypto investments. We'll break down the key ideas and important things to think about when deciding where to put your money in the ever-changing world of cryptocurrencies.
If you have any questions Feel Free to reach out!
BNB/USDT 4HInterval 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 has returned below the downtrend lines.
When we unfold the Trend Based Fib Extension grid, we will see a support zone created from $24 to $241, while it is worth marking the support level at $231.8.
Looking the other way, we have significant resistance at $248.6, but it is worth defining the resistance zone from $253.8 to $257.5.
Looking at the CHOP indicator, we see that there is still energy for a new move, on the RSI indicator we have a rebound with room for further declines, while on the STOCH indicator we are approaching the lower limit, which could have resulted in a temporary deceleration of the correction.
💡Don't miss the great buy opportunity in BNBUSDTAs BNB flirts with a significant resistance trendline, the anticipation of a breakout builds. A decisive close above this level could ignite a rally towards Fibonacci extension levels of 1.272 and 1.414, correlating to a price target around $1200—representing a fivefold gain from the current position. Given Binance's stature as the 'father of the crypto market,' it's plausible to expect a vested interest in bolstering the value of its native coin. Investors should monitor this pivotal movement, as BNB's ascendancy could be a testament to Binance's influence in the crypto ecosystem.
My rigorous and detailed analyses of BNB, visible at my TradingView profile, have historically captured the pulse of its market movements, proving to be successful time and again. With Binance's dominant market role, BNB is on the brink of a potential quintuple surge, as it approaches a pivotal breakout point. My extensive research and careful market scrutiny suggest a strong upside, especially with Binance's vested interest in enhancing the value of its flagship coin.
Bitcoin unloading has occurred, further growth?Remember earlier I wrote that this trend line can be a breath of fresh air for bears? The rollback was significant, by as much as 4000 points if we consider the very peak of BTC.
In the last review on YouTube, when we analyzed altcoins and the BTC chart, I mentioned that a pullback was most likely to be expected, since all indicators were at their maximum values (fear index and funding, as well as the indicator). The big player simply needed to shed excess weight for the performance to return to normal.
If we talk about altcoins, then MM left its mark here too, liquidating positions with 10-20 shoulders. Can we say that the unloading is complete? It’s possible, but you shouldn’t relax too much, since BTC may still have someone to “finish off”, for example, 10-15 BTC shoulders. They can come back for the lying ones
All the coins that I opened earlier #ZIL #WAX #BNB compared to the others look more alive than all the living ones, but unless, of course, you overestimated the risks! I hope that this was a slight unloading before the continuation of the upward movement in BTC and other alts.
BNB/USDT 4HInterval Chart Hello everyone, I invite you to review the BNB chart taking into account the four-hour interval. We will start by defining the upward trend channel from which the price broke out at the bottom and the decline itself was similar in size to the channel, then using the yellow line we define the downward trend line from which the price broke out at the top and created the upward trend channel in which we are currently moving.
Let's start by marking support areas for the price and we can see that the first support zone is from $244 to $236, but if the price drops lower, we can see the price return to the second zone from $223 to $214.
Looking the other way, we can similarly determine resistance, but here, after unfolding the Fib Retracement grid, we have a visible strong resistance zone from $248 to $261, until the price overcomes it it will not be able to grow further.
The CHOP index indicates that there is still energy for a move, the RSI indicator shows a recovery, despite a small movement on the price chart, there is still room for the price to go lower, while on the STOCH indicator we fell to the lower limit, which resulted in a slowdown in the recovery and gives a temporary sideways trend.
Trade signal | Binance coin (BNB) completed setup for next pumpHi friends, hope you are well and welcome to the new trade setup of Binance coin (BNB) with US Dollar pair.
Recently we caught almost 18% pump of BNB as below:
Now again on a 4-hr time frame, BNB has formed a bullish Gartley move for the next price reversal.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
DOGE will soon have a powerful shot up!!Hello trader! Today I have a new idea for you. Like and subscribe to the channel, there is a lot of useful information there.✅
I don’t know about you guys, but I still look at this coin with a positive attitude, I previously wrote that from the counter-trend retest we will reach the first mark of $0.08, we reached it, although I left this asset, it was powerful!
At the moment, the coin looks like it will continue to grow, but during the Bitcoin correction we may also see a slight rebound, so think for yourself what you would do. I think very soon we will see DOGE again at $0.1 and this will only be a small victory!
TRX flight is not over yet!!Hello trader! Today I have a new idea for you. Like and subscribe to the channel, there is a lot of useful information there.✅
Friends, another coin for your TRX feed, which looks like a continuation of the upward movement.. You can try to act with the current ones with a little good below.
Deal plan:
Entry - 0.10837/0.10103$
Stop - $0.8938
Take - $0.13
Guys, follow risk management, this is, first of all, an altcoin that can show high volatility in the moment!
BNB coin that will soon show a bull?!Hello trader! Today I have a new idea for you. Like and subscribe to the channel, there is a lot of useful information there.✅
The 3D chart looks attractive, I expect to soon see a breakout of the countertrend line and a run of at least $300
Deal plan:
Entrance - 253/230$
Stop - $205
Take - 300/330$
Guys, be sure to follow the risks, the market can be very volatile at the moment!
BNB Short-Term Chart 1HHello everyone, let's take a look at the BNB to USDT chart on a one hour time frame. As you can see, the price is moving above the local uptrend line.
After unfolding the Trend Based Fib Extension grid, you can see the support lines at $252.6, and then there is a visible support zone from $247.9 to $245.8.
Looking the other way, you can see that the price is approaching the resistance zone from $255.8 to $258, and then we have resistance at $261.3.
Looking at the CHOP indicator, we see that there is still some energy left for the move, the RSI indicator shows an increase with room for the price to go slightly higher, but the STOCH indicator shows that the upper limit has been exceeded, which may result in a price recovery.
FTM Speculative Asset Play - DeadCOIN?FTM is one of those coins that is in a pretty uncomfortable place for me, Not much going on in the Fantom Ecosystem and a ton of new competition has sprung up over the past three years, However from a technical standpoint FTM looks incredible right now, Id recommend accumulating at least a small bag in case these targets do come to fruition.
Support Zone : $.2570 - $2670
Major Resistance Zone: $.2960-$.3210
Target 1: $.3863 +31%
Target 2: $.4880 +64%
Target 3: $.6101 +105%
Fantom is a directed acyclic graph (DAG) smart contract platform providing decentralized finance (DeFi) services to developers using its own bespoke consensus algorithm.
Together with its in-house token FTM, Fantom aims to solve problems associated with smart-contract platforms, specifically transaction speed, which developers say they have reduced to under two seconds.
The Fantom Foundation, which oversees the Fantom product offering, was originally created in 2018, with the launch of OPERA, Fantom’s mainnet, coming in December 2019.
Fantom is an open-source decentralized smart contract platform for DApps and digital assets that was created as an alternative to Ethereum. Fantom has the goal of overcoming the limitations of previous generation blockchains and balancing three components: scalability, security and decentralization. The project offers a set of tools to simplify the process of integrating existing DApps, as well as a detailed staking reward system and built-in DeFi instruments.