BNB - Binance will overcome all FUD!Hello, dear friends!
Recently there are a lot of FUD around the Binance exchange and all this information reflects on the BNB price. It looks weak, but remember that 1 month ago somebody tells that
cz_binance has the liquidation below $213. As you can see price went lower and everything is OK.
Bad guys are trying to destroy exchange, but they will not be able to do it. Let's destroy this FUD and support Binance, because this is the vital player on the cryptocurrency market.
I am not aware of all internal fundamentals, but price chart tells me that everything is going to be awesome. Let's take a look at the last downside impulse. It has the clear 5 Elliott waves structure. Bullish confirmed divergence with the Awesome Oscillator tells us that downtrend is over.
Moreover we can see the bullish reversal bar on 1D timeframe, changed momentum. Lats thing which price shall do is to break the fractal to fully confirm the uptrend. The most conservative target is 0.61 Fibonacci at $280. As you understand this pump cannot happen on some negative news. Therefore negative news are not likely in the nearest future.
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BNB
BNB Short-Term Review 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 Fib Retracement grid, we can mark support at $215, while if we fall lower, we can see the price return to the support zone from $210.8 to $208.9.
Looking the other way, we see that the price is in a strong resistance zone from $215.7 to $218.2, and when it breaks it, it has strong resistance at $221.3.
Looking at the CHOP indicator, we see that there is still energy to continue the movement, but on the STOCH indicator, the energy is used up in the short term, which may result in a temporary sideways trend or a small recovery.
BNB Chart AnalysisContext: BNB is the only crypto chart
which "only" dropped approx. 74% from its ATH in 2021...
The entire crypto space has been bleeding out, but BNB
has been hovering around up there.
Why should it drop down to $43.20?
Because the chart says so, that's all I care about.
What needs to happen for that drop? I don't know, but
I have a theory. Binance holds large sums of USDT.
USDT is not completely backed by USD 1:1.
Once that comes out, people will withdraw their money
out of USDT causing it to go down.
We are talking about billions of dollars.
Binance will go down with it.
The chart couldn't be more obvious.
ETH drawing a BULLish triangle?!Hello trader! Today I have a new idea for you. Like and subscribe to the channel, there is a lot of useful information there.✅
An interesting pattern emerges on the daily ETH chart - a symmetrical triangle.
Technical: the price has tested the triangle and at the moment we see a small rebound, which may lead to a slight correction, approximately $1660-1620. If you take a position for a breakout, it is best to do this with a good lower, since a correction here will also be logical.
So far I only have BTC with TVX $25,450 as my margin positions; I am not yet considering altcoins for Long/Short, but in the future there are a couple of options that I may share. Happy bidding everyone!
!!!Bitcoin may go for another trend test!!!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, a small updateBTC
Bitcoin again received a refusal from the 0.382 Fibonacci level on the daily chart at $27,400. There is a possibility that there is a strong seller in this zone who is still winning this fight with the bulls and does not allow it to reach $27,500-28,000.
While there are thoughts that this will not last long, perhaps we will see another test of the trend line, which I have rearranged a little (note the touch at $24,870), approximately the same test can show MM in order to gain even more short positions.
I continue to hold Long from $25,450 stop, I moved it to used, there are reasons for this that I wrote about earlier.
BNB ☁️ - Bearish 24-Hour and 1-Week Trend Sunny trading conditions ☀️ with a few scattered clouds ☁️ lie ahead for the global crypto market in the next 24 hours, indicating upside potential.
Binance, Dogecoin, Polkadot, and Polygon may, however, face more clouds ☁️, signaling a downward trend.
Over a one-week horizon, the forecast is mixed with bullish sun ☀️ ahead for Bitcoin, Litecoin, Cardano, and Uniswap. Slightly bearish clouds ☁️ will linger over Ether, Ripple, Binance, and Polkadot, while bearish rain 🌧️ will fall over Avalanche.
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BNB - YOU CAN PROFIT from Range TradingHi Traders, Investors and Speculators of Charts📈📉
Range trading can be dreadful, boring, and also a risky time to trade!
BNBUSDT is expected to continue trading in a tight range. However, this doesn't mean you cannot profit during times of low volume. Although leverage trades often get shaken out by algorithms, spot trading could be strategically used to buy lower and sell higher; old school style.
Also, we're celebrating 10K followers so cheers to you 🥂🥳
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BINANCE:BNBUSDT
BNB/USDT 4H ReviewHello everyone, I invite you to review the chart of BNB in pair with USDT, also on a four-hour interval. First of all, we can use the blue lines to mark the triangle in which the price is moving, what's more, at this point we can see that the price quickly dropped from the place where we touched the blue ema cross 200 line, remaining in a downward trend.
Now let's move on to marking the support places. We will use the Fib Retracement tool to mark supports, and as you can see, we can first mark the support zone from $210 to $207, while we still have strong support at $204.
Looking the other way, we can similarly mark places where the price should encounter resistance on the way up. And here the first resistance zone starts at $215 and ends at $219, then we have the second zone from $223 to $228, and then strong resistance at $234.
The CHOP index indicates that the energy has been used and is currently slowly growing, the RSI showed an increase and now a strong recovery is visible, while the STOCH index also exceeded the upper limit, which resulted in a strong price recovery.
BNB - BUY targets about to hit 💰📉Hi Traders, Investors and Speculators of Charts📈📉
Binance coin is oversold, but our technical indicator has not yet flashed the "Extreme Oversold". This indicates that it's possible to see one more move downward (even if it's just a wick) before the RSI corrects from being Oversold.
BNBUSDT looks like it's about to hit my spot buy targets with the traditionally approach of buying low and selling higher at the first and second resistance zone. Leverage trades often get shaken out by algorithms, spot trading could be strategically used to buy lower and sell higher; old school style.
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CRYPTOCAP:BNB BINANCE:BNBUSDT
BNB/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello, welcome to this BNB/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- BNB, formerly Binance coin, was another big mover on Tuesday, as the token rose for a back-back session.
BNB/USD reached a high of 213.19 earlier in the day, after starting the week at a low of 208.02.
the native token of cryptocurrency exchange Binance now seems to be pushing for a ceiling of 220.
BNB bulls will need to surpass an upcoming resistance point of 47.00 on the RSI indicator.
BNB is now at a reading of 44.41, with the token trading marginally lower at 211.74.
I have tried to bring the best possible outcome to this chart.
Hit the like button if you like it and share your charts in the comments section.
Thank you
BNB/USDT Analysis:- Ready for $100 in few Days?Binance Coin (BNB) Technical Analysis: A Bullish Future Amidst Short-Term Challenges:-
Introduction:
Binance Coin ( EURONEXT:BNB ) is currently trading at $209, and there are some intriguing developments in its chart that we need to explore. This technical analysis will delve into the short-term expectations for EURONEXT:BNB and provide insights into potential buying opportunities and long-term prospects. Please note that this analysis represents my personal opinion and is not financial advice. Always conduct your own research before making any investment decisions.
Short-Term Outlook:
As we examine the current chart for $BNB/USDT, it's evident that there's a potential downside move looming in the coming days. However, there's more to the story.
In the weekly chart, a Bull flag pattern is forming. This suggests that while we may see short-term bearishness, there's a strong indication of a bullish trend in the near future. The critical support level for the Bull flag channel is at $100, and I anticipate $100 becoming a key price point in the short term.
Opportunity in the Dip:
With the strong support at $100, this presents an excellent buying opportunity for investors looking to enter the EURONEXT:BNB market or increase their holdings. It's important to note that purchasing at or near this level could yield substantial gains when the next bull run occurs.
Long-Term Perspective:
While the short-term may pose challenges, the long-term outlook for EURONEXT:BNB is quite promising. I anticipate a significant bull run in the future, with price targets ranging between $2000 and $3000. However, this is a longer-term projection and should be considered as such.
Critical Price Levels:
Currently, the $210-$250 range is of utmost importance. Traders and investors should closely monitor this level as it could serve as a pivot point for EURONEXT:BNB 's short-term direction.
In summary, Binance Coin (BNB) is experiencing short-term turbulence, but the formation of a Bull flag pattern suggests a bullish future. The $100 support level is key, and buying opportunities may arise there. Long-term prospects for EURONEXT:BNB are exciting, with potential for substantial gains in the next bull run.
Support Levels:
Short-Term: $200/$100
Resistance Levels:
$310/$460/$660
Remember, this analysis is my personal opinion, and it's crucial to conduct thorough research and consider your risk tolerance before investing in any cryptocurrency. Stay informed and make informed decisions to navigate the volatile crypto market successfully.
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BNB/USDT 1H Review ChartHello everyone, let's take a look at the BNB to USDT chart on a one hour time frame. As you can see, the price has fallen below the local uptrend line.
After unfolding the Fib Retracement grid, we see that the price remains just above the support zone from $210 to $207, but when we fall lower, the next support is at $203.
Looking the other way, we see that the resistance at the level of $212 rejects the price, but then we have a significant resistance zone from $216 to $218, and then the resistance at the level of $221.
Looking at the CHOP indicator, we see that there is still a lot of energy for the move, and on the RSI indicator, despite a very small increase on the chart, we see an increase on the indicator, which may result in a small price increase in the coming hours.
BNB Binance Coin PT| Binance vs SEC Lawsuit | Whales DumpingIf you haven`t read my article about Binace being the new FTX:
The you need to know that Binance disputes the SEC's allegations of mishandling customer funds, deceiving investors, and violating securities laws.
The legal battle between Binance and the SEC has sent shockwaves through the cryptocurrency community.
Binance and its affiliates assert that the SEC is overreaching its jurisdiction on digital assets, especially without any clear legislative guidance from Congress. The original lawsuit, filed in June, accused Binance of unlawfully listing unregistered securities.
Historically, the actions of whales have been instrumental in shaping the price movements of Bitcoin and the broader cryptocurrency market.
Non-whale addresses, those holding less than 100 BTC, now account for over 41% of the total Bitcoin supply. Meanwhile, whales, entities holding between 100 and 100,000 BTC, have witnessed a decline in their collective holdings to 55.5%, marking their lowest ownership level since May.
The decrease in whale holdings could signal a potential change in the market's dynamics, potentially leading to increased volatility and uncertainty.
These developments collectively cast a shadow over the cryptocurrency market's near-term prospects.
In this context, my price target for BNB Binance Coin is $184.
Looking forward to read your opinion about it!
BNB/USDTShort-Term 1H ReviewHello everyone, I invite you to review the BNB/USDT chart. As we can see, the price has broken down from the upward trend channel, and currently we remain below the downward trend line, and what's more, when we look at the EMA Cross 200, we see that we have also fallen below the moving average, which means a return to the downward trend.
Let's start by marking support points for the price and we can see that first we have a support zone in which the price stays from $212 to $209, but if the price drops lower, the next support is at $206.4.
Looking the other way, we can similarly determine the resistance areas that the price must face. And here we see that the current rebound was reversed before it reached the first resistance zone from $213 to $215, then we have resistance at $217.8, and then a strong resistance zone from $219 to $222, where the price ended the previous move growth.
The CHOP Index indicates that most of the energy is currently being used. On the RSI, we are reflecting from the mid-range border, at which the price is declining, while on the STOCH indicator we have confirmation that when the energy reached the upper limit, the price rebounded and we are currently in the energy loading trend.
BNB - ☁️ Ahead; Bearish Momentum On 🐻Binance finds itself navigating through challenging conditions in the coming 24 hours. Clouds of uncertainty loom over this digital currency exchange giant, symbolized aptly by ☁️.
Strong bullish sun ☀️ shines over the global crypto market in the next 24 hours, indicating upside potential for other coins, such as BTC.
Over a one-week horizon, trading conditions will turn more mixed with Bitcoin, Litecoin, Uniswap, and Chainlink likely to continue to benefit from the sunny bullish trend ☀️, while other altcoins like Ether and XRP may face cloudier if not rainy bearish conditions, as ATTMO indicates. 🌧️📉
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BNB/USDT 4HIntervalHello 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 moved higher from the local downtrend line.
After unfolding the Trend Based Fib Extension grid, we see that first there is a support zone from $213 to $207, and then we have a second strong zone from $199 to $193.
Looking the other way, we see that the price has been rejected by the resistance zone from $217 to $221, then there is resistance at $226, another at $232, and the next one at $240.
Looking at the CHOP indicator, we see that there is a lot of energy to be used for movement, on RSI we are in the process of recovery with room for further decline, but the STOCH indicator indicates that the energy in movement is running out, which may impede a further price drop.
2023 Showdown: Can Binance Coin Hold the $200 LineHello traders and investors! If you appreciate our charts, give us a quick 💜💜.
A remarkable similarity between the current Weekly chart of BinanceCoin ( BINANCE:BNBUSD ) and the 2018-2019 market has become evident. It's as if we're witnessing a large fractal pattern unfolding before our eyes. However, as we stand on the brink of 2023, there's a critical juncture approaching - the $200 support level for $BNBUSD.
When we examine this fractal in the context of 2018-2019, it suggests a scenario where the price could potentially break down, possibly leading to a significant 50% decline to approximately the $100 level.
This pivotal moment at the $200 support level warrants our keen attention, as it could have substantial implications for the future direction of BinanceCoin. The echoes of the past are compelling, and it's essential for traders and investors to stay vigilant and monitor this unfolding pattern closely.
BNB: Approaching ResistanceBinance (BNB) technical analysis:
Trade setup : Following a bearish breakout from Ascending Triangle pattern, price resumed its downtrend and broke below $220 key level. That’s a level that held up in June and also in Dec 2022, so it’s significant that price has broken below that $220 level and made a new low. Price could revisit $200 support.
Trend : Downtrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Mixed as MACD Line is above MACD Signal Line (Bullish) but RSI < 45 (Bearish).
Support and Resistance : Nearest Support Zone is $200. The nearest Resistance Zone is $220, then $260, and $300.