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.
BNBBTC
The beginning of change to continue the mid- to long-term upwardHello?
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(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.
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(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.
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** 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.)
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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.
In the medium and long term, the 283.4 point is...Hello?
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(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.
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(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.
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** 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.)
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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.
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.
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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!
BNB ANALYSIS#BNB UPDATE.
#BNB is currently trading in ascending triangle where blue box and pink line qare the resistance bnb is currently facing.For now bnb needs to close above the blue box area for upside move however if bnb loses the black line support then it might again test the net support level.
BNB/USDT -32% Down From Our Entry and Still Bearish#BNB/USDT Technical Update:-
$BNB currently trading around $248 and went down to $220
Which is -32% from our Analysis.
Hope you are happy.
Now I am expecting Still BNB is bearish and It can hit below $100
Which will be best entry zones.
Support:- $210/$80
Resistance:- $360
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BNB POTENTIALLY BULLISH AS DEPOSITORS INCREASEBNB flips potentially bullish VS Bitcoin as deposits increase on binance as FUD becomes less effective. There are some huge shorts on BNB right now but if the FUD fails they will have to close, being they are already in profit its seems likely they will have to buy into the order book to close the positions. I have taken a small long on BNB. For more information lookup TMG Trades on a common video website.
Strong bullish divergence on the 1hr BNB chart.
BNBBTC 1DBNBBTc threatened to break through the MM200, but soon retreated and continued above the MM200. At this moment it is returning to the median of the Keltner channel. Allied to this, there are also negative rumors about Binance, which is causing many to sell their assets.
BNB continues with its great fundamentals and Binance resolving these small issues it returns to normal.
Here are the supports and resistances:
S: 0.01377 / 0.01218
R: 0.01588 / 0.0172
BNB ANALYSIS#BNB UPDATE.
#BNB has lost the crucial support daily support which is at the the blue box area and has now become the resistance on daily.If bnb does not close above this resistance then we might more pullback and might test the next support on daily around 220
Binance Coin Analyze (12/04/2022)!!!
Binance Coin wasn't able to break the resistance zone.
I expect Binance Coin will go down to a heavy support zone again, and this zone can be a good chance for buying BNB for your portfolio.
Binance Coin Analyze, ( BNBUSDT ), Timeframe 2Days⏰.
Do not forget to put Stop loss for your positions (For every position that you want to open).
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BNBTC - Gartley Follow the trend. Need we say more? Follow the trend, investopedia and no one can tell you. It is what it is. Theres no time like now! Now is the time. The further the time way the bigger the risk. The time is now. :) <3 Downtrend in Favour! Be careful buyers. Buy and sell .. dont hold!
BNBUSD - sorry but you won't like itFirst of all, we would like to apologize if you are BNB bull and this trading idea made you shaking or you already have a panic attack.
But let's be honest now! BNB pumped like crazy and didn't give it back yet in the current bear market.
Is it impossible for BNB to drop to $45 area? Probably no. It would be 93 % drop. In 2019 bear market ETH dumped over 94 %.
In the current bear market there's a lot of FUDs around. We already saw FTX collapse, rumors about crypto.com insolvency and many more. It looks that CEXes are in trouble .
Perhaps we will see more FUDs regarding Binance and it would be a trigger for BNB price to dump heavily?
We believe that if BNB breaks down below 184$ and there are more / new FUDs around, the price may drop to 45$ again. There's literally no support anywhere between.
Many won't like this trading idea, but it is what it is.
Probably it will take some time to drop so low, but if the bear market for risk on assets were to continue , it will happen sooner or later.
From another hand we expect Binance to be a leader amongs crypto exchanges therefore $45 would be a golden opportunity for a long-term investment.
A shallow correction is expected from Binance Coin!BNB had a range trend during the last week. The support provided for Binance Coin in the $282-$275 range has had a positive reaction, and we can expect this range to have the power to reverse the trend in lower times. Therefore, considering a downward trend line on the last pivots and in case of breaking this trend line, we can expect the price to grow up to the targets of 310-315 dollars. We expect a more complete approach to the specified support range for the short term.
But in any case, due to the previous upward wave of BNB, which is considered a strong wave, a shallow correction is expected from Binance Coin. In terms of time, the corrective wave is nearing its end, and we can expect the continued growth of BNB price this week. Also, another point that can be a sign of price growth is the presence of a large number of bullish candles among the bearish candles of the corrective wave. Therefore, the ratio of these candles is equal, increasing the probability of buyers entering them.