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Bnbanalysis

BNB is the strongest asset!Hello, traders! As you know I expect the price of Bitcoin below $15k, therefore most of altcoins can lose up to 70% from their current price. The BINANCE:BNBUSDT is the exception. Let's take a look at the Binance coin's Elliott waves structure. The Awesome oscillator allows us the define the wave 3 bottom and build the analysis based on that. Wave 3 was shorter than wave 1. It means that wave 5 could be even trimmed one. In the worst case I expect only slight lower low. Taking all these facts into account I am going to buy BNB below $200 , for me it's good price for long term investments. I also want you to bring attention that wave 4 is a complex corretion. It's untradable market struture. This wave can be already finished or make another one leg up, it's really difficult to predict. Best regards, Ivan ________________________________________________________________________________________________ If you like my trade ideas, please smash the boost button to stimulate me make more quality analytics!
Short
by Skyrexio
9
#BNB Accumulates, Critical Resistance At $320Past Performance of BNB BNB prices are stable at spot rates, trading within a tight range in the past few days. Even though the uptrend is valid, there can be concerns in the short term, more so if BNB fails to close above $320. Support lies at around $295. #BNB Technical Analysis Traders are confident that BNB will resume its uptrend. Nonetheless, the consolidation of the past few days, coupled with the failure of buyers to push the coin above $320, is a concern. The primary trend, nonetheless, remains northwards. However, BNB must rise above this week's highs with expanding volumes for trend continuation. The breakout bar would anchor the leg up towards $340 in a retest of February highs. Conversely, losses below $295 may see BNB slip to $255 in a contraction. What to Expect from #BNB? BNB is bullish, but the short-term swings favor sellers. If BNB manages to break above the current accumulation, there could be a reprieve for buyers. If not, the coin might slip to retest critical support levels of the December-February range. Resistance level to watch out for: $320 Support level to watch out for: $295 Disclaimer: Opinions expressed are not investment advice. Do your research.
by Bitcoin_Analyzer
#BNB Drops 15% in 2 Weeks, Path Back to $260?Past Performance of BNB BNB is down 15 percent from last week. Yesterday's bar was bearish and engulfing with a spike in trading volumes. Since the bar is breaking down below the middle BB, that is, the support, and has high participation lines; it signals that the uptrend is over. Subsequently, traders may search for entries to sell, targeting key support lines defined in January and Q4 2022. #BNB Technical Analysis Sellers are in control. The drop in prices on February 13 may spill over to today. In that case, traders can search for selling opportunities if prices are below February 13 high at around $315. The sell-off mirrors the drop of February 9, pointing to immense selling pressure in BNB. Based on the formation in the daily chart, the next target for determined sellers could be $260, marking September 2022 lows. If BNB sellers press on, prices may retest December 2022 lows of $230. What to Expect from #BNB? BNB is under immense selling pressure and could post even more losses in the days ahead. From the daily chart, any surge above $320 and February highs will rejuvenate demand, canceling out sellers. Resistance level to watch out for: $320 Support level to watch out for: $260 Disclaimer: Opinions expressed are not investment advice. Do your research.
Short
by Bitcoin_Analyzer
BNB IS VERY BEARISH IN BIG TIME FRAMESHello, I hope you have been profitable and are doing well. I checked the structure of the Binance Coin symbol and realized that the degree of correction is very large and can even last until the end of 2024. What is clear to me is that we are now in wave D of this diametric. This wave is a diametric intermediate wave. It seems that we should have a correction for this symbol in at least 440 days. I have no bias on any symbol and only analyze what the chart shows me. Comment if you have any questions I wish the best for you
Short
by behdark
2
#BNB May Post More Gains on Breakout above $320Past Performance of BNB Like the rest of the markets, BNB bulls are solid and angling for more as the shift turns, buoying buyers. BNB remains within a bullish breakout formation at spot rates above $250. Still, traders should watch out for how prices react at $320. Any breakout with increasing volumes may see the coin soar to November 2022 highs. #BNB Technical Analysis Buyers are firmly in charge. The bullish bar of January 29 follows the consolidation inside a rising wedge in the better part of last week. The immediate resistance is at $320, while support is the middle BB. As long as prices are above $285 and the 20-day moving average, any surge above the recent consolidation may see BNB soar to $350. This formation will allow swing traders to ride the trend as BNB bottoms up. What to Expect from #BNB? Bulls are confident, and BNB has more room if there are substantial gains above $320. If the breakout is with rising volumes above the liquidation line, buyers might push the coin to new reaction levels. Resistance level to watch out for: $320 Support level to watch out for: $285 Disclaimer: Opinions expressed are not investment advice. Do your research.
Long
by Bitcoin_Analyzer
BNB/USDT to Breach Through the Consolidation & hit $300 Soon!Bitcoin has been relaxed a bit for the past couple of days which has paved way for the other altcoins to thrive. Given an opportunity the Binance Coin (BNB) price may lead a significant upswing to reach $300 at the earliest. The Binance Coin price appears to be gearing up to display a massive price action as it is constantly accumulating strength within the decisive symmetrical pennant The price may fluctuate significantly for another couple of days or weeks until it reaches the tip of the triangle post to which a breakout may be imminent depending on the volume induced. The price is believed to breach through the upper resistance and surge beyond $300 to reach one of the important resistance zone close to $323 by mid-February
by Coinpedia-Market-Insight
2
#BNB in an Uptrend, Strong Sell Wall at $340Past Performance of BNB Overall, BNB prices are in an uptrend, though in a broader consolidation. From the daily chart, traders can look for opportunities to double down, expecting gains in the short term. Trading volumes have been low, impacting momentum and, thus, the rapidity of upsides. On the positive side, buyers stand a chance if BNB holds above $250. #BNB Technical Analysis BNB prices are within a $90 trade zone with caps at $340 and $250 on the lower end. As it is, buyers have support, anchoring the present leg up from around the 50 percent Fibonacci retracement line of the Q3 2022 trade range. A break above $340 may see BNB explode. However, the decisive rejection of the uptrend in early November 2022 impacts trading sentiment. Technically, sellers can turn the tide if BNB slips below $250, confirming November 8 and 9 bears from a volume analysis perspective. Notice that gains in the second half of November have been with relatively low trading volumes versus early November, questioning the strength of the uptrend. If the center fails to hold, BNB may drop to $220. What to Expect from #BNB? Traders are confident, but the general sentiment is doubtful of the downtrend. If BNB is to recover, the coin must break above $340 in a move that may lift the coin to $400 and later $460. Resistance level to watch out for: $340 Support level to watch out for: $250 Disclaimer: Opinions expressed are not investment advice. Do your research.
Long
by Bitcoin_Analyzer
#BNB Remains Bearish, Prices Retest $250Past Performance of BNB BNB prices remain under pressure, down 32 percent from November 2022 highs. In the current formation, sellers remain in charge, and prices, despite traders hoping for the best, the coin is still inside a bear flag, as visible in the daily chart. The immediate support line flashes with the 50 percent Fibonacci retracement level of the June to August 2022 trade range at around $250. On the flip side, resistance is at $315, or November 10 high. #BNB Technical Analysis BNB prices, like other assets, are steady and moving within a narrow trade range. This calmness follows the damaging capitulation of November 8 and 9 that saw BNB slide by over 20 percent in two days. Traders can find entries on every attempt higher at $315, targeting $250. It is because prices are still bound by the November 9 bear candlestick, therefore swinging price action to favor bears from an effort versus result perspective. Besides, although there are higher highs relative to the lower BB, the coin is still within a bear breakout formation, with a general top-down preview being bearish. What to Expect from #BNB? Sellers are in a commanding position. This preview will only change if there are gains above $315, the November 10 highs, and, ideally, the total reversal of November 8 and 9 losses. There could be further liquidation if BNB shrinks below $250 with rising volumes. Resistance level to watch out for: $315 Support level to watch out for: $250 Disclaimer: Opinions expressed are not investment advice. Do your research.
Short
by Bitcoin_Analyzer