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BNBBTC

"BNB Technical Analysis: Bullish Long-Term Trend & $2000 Target According to the current market situation, BNB is being traded at approximately $300 and it has been fluctuating between $200-$300 for the past few months. Looking at the weekly chart, $340 is a significant resistance level, and if the price falls below this level, there could be a further downtrend. It is expected that BNB will reach a 0.5 Fib retracement level, which is around $160, but if the price fails to hold this level, the best opportunity to buy may be around $100. A bull flag also forming in the high-time frame, indicating a bullish long-term trend, so it is recommended to accumulate #BNB for the long term. The long-term target for BNB is $2000. The support levels are $250 and $160, and the resistance level is $340. This chart is for educational purposes only, and it is not financial advice.
Short
by CryptoPatel
3
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 Bull Flag FormationWe're on the last leg down of the (E) wave. BNB is the coin of choice especially during bear markets and start of bull markets. More trading, more BNB staked to lower fees, more BNB bought. And it shows! I expect BNB to kiss the $300 level goodbye soon. Well we're movin' on up (Movin' on up) To the east side (Come on, movin' on up) To a deluxe apartment in the sky Movin' on up (Movin' on up) To the east side (Come on, movin' on up) We finally got a piece Of the pie Cheers! Not Financial Advice. I'm just a monkey with a tradingview subscription.
Long
by LockedAndLoaded
8
The beginning of change to continue the mid- to long-term upwardHello? Traders, welcome. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a nice day. ------------------------------------- (BNBBTC 1W Chart) It is losing momentum as it falls below the 0.013926-0.014115 range. However, if the price is maintained above 0.009485, it can be said that it is maintaining an upward trend from a mid- to long-term perspective. --------------------------------------- -------------------------------------- (BNBUSDT 1W Chart) Strong support range: 179.2-243.5 Since the HA-High indicator is formed around 283.4, if the price is maintained above this point, it is highly likely to continue the mid- to long-term upward trend. Therefore, whether it can rise above 332.4-353.3 is a key question. The purple trend line is a trend line drawn on the 1M chart and indicates a long-term trend. The long-term trend is looking to turn from down to up. Therefore, as long as the price stays above 243.5 (and above 283.4 if possible) and does not fall below the downtrend line, we expect to establish a new long-term trend. However, since the 1M chart's HA-High indicator is formed at 427.2, in order to continue the long-term uptrend, it must rise above 427.2 or shake up and down to make the 1M chart's HA-High indicator fall. (1D chart) The question is whether the price can hold above the +100 indicator, i.e. above 316.1. The +100 indicator can be interpreted as the interpretation method for the +100 point of the CCI. Therefore, if the price holds above the +100 indicator, it means that the short-term perspective has entered an uptrend. In other words, you should be aware of volatility as it has entered the overbought zone. The next period of volatility is around February 8th. During this period of volatility, it is necessary to check whether the circle has broken through. -------------------------------------------------- ------------------------------------------- ** All descriptions are for reference only and do not guarantee profit or loss in investment. ** If you share this chart, you can use the indicators normally. ** The MRHAB-T indicator includes indicators that indicate points of support and resistance. ** Check the formulas for the MS-Signal, HA-Low, and HA-High indicators at (). (Short-term Stop Loss can be said to be a point where profit or loss can be preserved or additional entry can be made by split trading. This is a short-term investment perspective.) ---------------------------------
by readCrypto
BNB can continue to move upward until the next targetBNB, after breaking the support of the short-term uptrend line, the price hit the static support levels considered in the $282 range, and with a positive reaction to this area, the price increased again and tried to test the previous resistance break. The current resistance level is considered in the range of $317.8; if it is broken, the BNB can continue to move upward until the next target in the range of $353. Therefore, the current resistance of the short-term trend is very important. But if a negative reaction to this area is observed, and the support of the $292 range is broken again due to the range trend in the 4-hour timeframe, we can expect a test of the previous floor.
by MonoCoinSignal
In the medium and long term, the 283.4 point is...Hello? Traders, welcome. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a nice day. ------------------------------------- (BNBBTC 1W chart) If the price is maintained above the M-Signal on the 1M chart, it is expected to continue its upward trend from a long-term perspective. Accordingly, it is important to keep the price above 0.013926-0.014115. ------------------------------------- (BNBUSDT 1W Chart) If it rises above 283.4 and maintains the price, it is likely to turn into an upward trend from a mid- to long-term investment perspective or long-term investment perspective. Therefore, the 283.4 point is expected to be an important support and resistance point. (1D chart) It is expected to turn into a short-term uptrend by gaining support around 243.5 and rising. In order to continue the short-term uptrend, it must rise above HA-High, so it is important whether the price can rise above 293.2 and sustain the price. However, since an important support and resistance section is formed in the 297.5-316.1 section, it is expected that the upward trend will continue only when this section rises. The movement in the period starting around January 10th and ending around January 22nd seems significant. Therefore, the movements of the volatility period of January 9-11 should be observed. -------------------------------------------------- ------------------------------------------- ** All descriptions are for reference only and do not guarantee profit or loss in investment. ** If you share this chart, you can use the indicators normally. ** The MRHAB-T indicator includes indicators that indicate points of support and resistance. ** SR_R_C indicators are displayed as StochRSI (line), RSI (columns), and CCI (bgcolor). ** The CCI indicator is displayed in the overbought section (CCI > +100) and oversold section (CCI < -100). (Short-term Stop Loss can be said to be a point where profit or loss can be preserved or additional entry can be made by split trading. This is a short-term investment perspective.) ---------------------------------
by readCrypto
Breaking its symmetrical triangle patternBNB had a nice rally last week, breaking its symmetrical triangle pattern from above. The condition for breaking these resistances, which were considered in the range of 250-256 dollars, was that a strong bullish candle would cross these levels. Three days ago, these resistances were broken with a strong candle, and these ranges have now become strong support, which we can expect a positive reaction from these ranges if the price enters a corrective wave. BNB's short-term targets are in the $270-$280 range if the market remains in favorable conditions. The bottom line is that BNB is still bearish on the daily time frame, and the risk of a return to previous support remains. Price growth in the short term can only be bullish, and to stay bullish, the minimum resistance of the $280 range needs to be broken.
by MonoCoinSignal
6
Binance 80% CRASH! Black swan crypto event. Fundamentals first. Binance Exchange is losing customers; that is a fact that everyone knows. The huge scandal occurred just before Christmas, but it looks like people have already forgotten what happened. What is causing Binance Exchange to lose customers? First of all, Binance Exchange itself is banning users all around the world for no reason. My friend got banned before Christmas, 1 day after he opened a short position on BNBUSDTPERP futures. I received a lot of messages from people all around the world saying they received an email with a permanent account suspension. Half of them could withdraw their funds; the other half could not. So if you received this email and you don't know why, Binance Exchange can ban you without any reason, just if they want to. There is a conspiracy theory (not verified) that Binance cannot have a monopoly on crypto; bigger players refuse to accept this fact, so they need to reduce it by force. I think Binance is a great exchange, the most liquid exchange. But these are facts that everyone can verify. BNB coin is currently worth 245 USDT. In my opinion, the price is very expensive at this moment, due to recent scandals and lost customers. 50 - 100 USDT is a fair price to me; I am not willing to pay more for the coin. If something is too big, it will destroy itself, so there needs to be competition. Monopoly is not a good thing. I want to give you some tips: do not short BNB directly on the Binance exchange if you don't want to get permanently banned like my friend. The best option is to store your cryptocurrency in a hardware wallet such as Trezor. And use only a portion of your funds on exchanges to trade spot or futures. Leverage is good because you don't need all your funds and will transfer the risk to the exchange. Together with "stop limit" orders, you can trade very effectively even with a small amount of your funds on exchanges. Binance CEO Changpeng Zhao (CZ) said on Twitter that "for most people, for 99% of people today, asking them to hold crypto on their own, they will end up losing it." In other words, if you hold crypto on your own, you will lose your funds, so you should hold all your funds on exchanges. I was shocked when I saw this. He made this statement during the massive bank run on his exchange, giving the impression to others that he was threatening people and convincing them that their funds are safe only in his exchange. ----------------------------------------------------------- Now let's take a look at the technical analysis, which is the main reason why I am bearish on BNB. Both the technical and fundamental analyses are bearish. The uptrend from June 13, 2022, to November 7, 2022, is clearly weak. It's an ABC corrective pattern, which is usually followed by a massive crash.  80% crash to 48 USDT is, in my opinion, very possible. Everything is going down, including META stocks, TSLA, etc. So if you believe in the future of Binance, 48 USDT is your desired price. You have no idea how much BNB people accumulated in previous years or how many leveraged long positions on futures are open. The market usually wants liquidity. The price has been moving in the descending parallel channel, and we can retest the channel from the downside. As per my Elliott Wave analysis, the whole structure looks very weak. The first impulse wave appears to be an ending diagonal wedge. The bulls are not interested in this coin. 48 USDT is a very strong support because it marks the beginning of the massive gap from 2021 as well as the breakout level of the previous structure from 2020. I am very bearish on the crypto space, not just the BNB coin, as you may have seen from my previous posts. Binance is the most liquid exchange and CZ Binance did a great job bulding it. Thank you, and happy New Year!
Short
by UnknownUnicorn2537518
98