BNB(based on NEo wave)The second way that I think is this triangle and it is easier for trade and investing so use your strategy , but I think ETH is better for investing.
BNB
BNB(based on NEo wave)I think this complicated correction has 2 ways to show itself, first is bow tie correction and the second is triangle but actually I prefer ETH for holding.
BNB 4H Interval ReviewHello everyone, welcome to a review of the BNB chart on a four-hour time frame. Let's start with the blue lines marking the uptrend channel from which the price exited at the bottom, and the price drop after leaving the channel was as much as the height of the presented channel. Locally, we can mark with a yellow line, the downtrend line under which the price is moving.
Let's start by marking the support spots for the price and we see that we first have support at $205, but if the price goes lower, we have another support at $196, then at $189, and another support at $183.
Looking the other way, we can similarly determine the places of resistance that the price has to face. And here we see that the price is currently fighting resistance at $219. Next is resistance at $224, third resistance at $228, then price needs to break through the strong resistance zone from $236 to $244.
The CHOP index indicates that the collected energy is used to increase the price, on the RSI we have a visible increase, although there is room for the price to go higher, it is worth paying attention to the STOCH indicator which indicates that the energy is running out, which may bring a rebound after this increase.
BTC - 1H falling leg for scalpersIn my personal opinion, the price of BTC has failed to increase following the appearance of a strong bullish candle as indicated on the chart. Moreover, selling pressure has resurfaced, raising the likelihood of a substantial decline in Bitcoin's value in the upcoming days.
BTC - Daily Getting close to crossing the trendlineThe Bitcoin price doesn't have enough momentum to rise unless it falls further and attracts whales and buyers.
It's likely that BTCUSDT will continue to decline and trade within a range in the coming weeks.
‼️Rebound soon! Bitcoin is approaching a key level!Hello trader! Today I have a new idea for you. Like and subscribe to the channel, there is a lot of useful information.✅
Again we get a powerful FUD and again the market reacts with a strong fall, there is nothing unusual, we work further friends
Attempt #2! I try again to take a long, but more positionally. I act in the usual way for myself, I will arrange a grid of orders for additional draw. 30% of the deposit with 5X leverage.
Technical: bitcoin is slowly approaching the key support range of $25,200-24,800, the last strong buyout after a similar spill was from there. (I'm not saying that the situation will repeat itself again, I'm just guessing). Stop set a little further than the local LOW.
Deal plan:
▪️Entry - 25,850/25,333/24,955$
▪️Stop - $23,950
▪️Take - I will update.
Guys, a huge request do not climb on the rampage, observe the risks and with a small profit, try to move the stop to no loss, they can bang again in the direction of the loy, so be careful!
Channel Break Leads to $200 Support Test Amidst Market ShiftsOver the course of the previous week, an interesting shift occurred in the trajectory of Binance Coin (BNB)'s price movement, marking the end of its existing range trend. This shift was characterized by a noteworthy event: the breach of the lower boundary of the channel. This development was propelled by a surge in selling pressure across the market, effectively driving the price of BNB downward, ultimately settling around the $213 mark.
What merits closer attention is the profound impact of this breach on the broader channel designed to encapsulate Binance Coin's price action. As the foundation of this larger channel was shattered, a consequential transformation took place. The area that was once a floor now transitions into a critical resistance point.
Anticipating such a scenario, market analysts had assigned a higher likelihood to a price descent towards the $200 range. This projection materialized, underscoring the predictive capability of these analyses. Consequently, the movement towards the $200 range becomes a pivotal juncture to watch, bearing the potential for various implications.
A prospective retracement back towards the resistance band within the $225-230 range could incite another adverse response from the market, possibly leading the BNB price to revisit the $200 support level. The significance of the $200 range in this context can hardly be understated, as it serves as a confluence point for crucial support levels. This overlap contributes to its potential to trigger a positive response and spark heightened demand for the BNB price.
In essence, this recent sequence of events marks a significant departure from the previously established range trend for BNB, and the breach of the channel's lower boundary has introduced new dynamics to the coin's price action. Observing the interplay between the resistance-turned-support levels and their influence on market sentiment will likely provide valuable insights into BNB's short-term price trajectory.
BNB dead in the waterLose this this level, i find it hard to see how this doesnt retrace entirely back to the $40 region. If you want risk, $220 - 240 is a buying opportunity, sitting at 200 week EMA. But lights will be out below.
BNBUSD 50 % drop - BewareBNBUSD got rejected at the strong resistance level. We expect it to have a short term bounce together with the whole market and if we retest the strong resistance level again, it will the most likely get rejected .
50 % drop coming. Beware
The problem is that it went very parabolic in the bull market and there´s no much support so if we break our support zone, we can go much lower.
If we have some heavy FUD related to Binance exchange, it may drop to 50 $ or a bit lower and it would be a a great opportunity to buy at those low prices. However, it´s not very likely in our opinion .
Good luck!
BNBUSDT head and shoulders - SHORTBNBUSDT looks kinda bearish.
The price formed a head and shoulders pattern.
If it breaks down , we should see a retest of the support at 225 $.
Wait for a successful breakout . Once the neckline fails, it should be a swift drop.
Execting a volume surge at the successful breakdown.
Good luck
BNB Market Cap Looks Ready to Fall From a $20 Billion CliffI have made a few bearish Charts about BNB in the past and this is just a small followup and reminder of what seems like the dump to come.
BNB has broken below all major moving averages and has been rejected from the 200-week SMA and now, if we break below $30B in market cap there will be no support below until 10 Billion Dollars but it could go much lower than even that. I thought about plotting some things on the chart such as a Bearish flag or a Harmonic, but I think the plain and empty chart in this scenario speaks more to just how bad this looks than any pattern ever could.
I will however provide a chart link below to the projection I plotted for BNB earlier on in the year:
BNB - 1H rising pullbackThe price of Binance Coin is being upheld by a demand zone on three occasions, and at present, buyers are actively pushing for a significant price increase. Consequently, there is potential for the BNB price to surge and attain a level where supply and demand are balanced, known as the break-even zone.
BNB looks awfullyAlong with Binance even BNB looks very bad and if it stops in the 190 USDT area it's a miracle in my opinion, if it breaks there we could see it around 120 is my optimistic view and below 80 in my realistic/pessimistic view.
I definitely expect some bounce upwards when price reaches the green box, a weekly bullish DIV is already in formation.
In general I'd stay away from this from a point of view of holding.
Good luck
Binance Coin BNBUSDT Price Analysis (8h)Greetings traders!
It's been a while since our last BNB update . Let's dive into the recent developments.
The price action has carved out a larger-than-anticipated triangle pattern, spanning the $227 - $253 range. Notably, yesterday saw a significant breakout to the downside, hitting the projected triangle target zone at around $210.
The current RSI readings are indicating an oversold condition. An interesting twist awaits: if the price ventures even lower, pushing towards the $200 vicinity, it could potentially trigger a Bullish Divergence. This scenario aligns with a pattern we observed back in mid-June when the triangle formation began.
Keep a close watch on these dynamics as they unfold. Remember, trading requires vigilance and adaptability.
Stay tuned for further updates, and as always, happy trading! 🚀📊
BNB Binance Coin Sell Opportunity? BNB (Binance Coin) may face potential downside risks as a bearish outlook looms over the cryptocurrency. The recent surge in price could be seen as a sell or short opportunity, primarily due to the ongoing lawsuit against Binance by the US Federal Reserve (FED).
The FED lawsuit raises concerns about regulatory scrutiny and potential consequences for Binance, which could have a negative impact on the value and reputation of BNB. If the lawsuit results in unfavorable outcomes for Binance, it may weigh heavily on the coin's performance in the market.
Investors considering BNB should carefully evaluate the potential risks associated with the regulatory uncertainty surrounding Binance.
My short term price target for BNB is $225.
Looking forward to read your opinion about it.
Bitcoin - rebound soon, or is it just the beginning of the fall?Hello trader! Today I have a new idea for you. Like and subscribe to the channel, there is a lot of useful information.✅
Guys, this is an update of all my latest ideas that I wrote about in shorts, all ideas worked out 100%, thanks to everyone who put their fingers up and wrote comments.
Fixed a full short position at $27,750. The total profit from the transaction is 30% with 5X leverage.
I had a plan and I adhered to it) more than two weeks in the position were not in vain, all my friends with a profit who were with me
BACK IN THIS ROOM?
Technical: We have support ahead in the $27,500-$27,350 range and there is a chance to bounce back to the trendline and test as resistance. So far, we have tested channel support that may not survive, so I will try to enter with a little extra below.
Placed orders in LONG:
In a deal - 20% X5
Entry - $27,777/$27,350
Stop - $26,880
Take - I will update.
Guys, the pressure on the market, as we see it, is very strong, who is not sure or in doubt, it's better not to try to catch a rebound, I'm trying and my risks are justified. With God!
What's Next For BNB/USDT? Binance Coin Analysis 💎Attention, Paradisers! BNB is currently on a downward trajectory, eyeing a revisit to its pivotal support zone around $220, a level it has approached twice before.
💎Recently, BNB experienced a sharp price drop, establishing a bearish OB and creating an imbalance on its chart.
💎We're hopeful that after touching the $220 support, BNB will pivot and address the earlier imbalance.
💎Yet, it's essential to note that the broader market's volatility can influence BNB's price direction.
💎Stay connected for the latest insights and market updates with us.
Look this viewNice view right ?
3 million and some %
It makes no sense
Can even go back on $30
That wouldn't surprise me...
