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BNB: A PERFECT BOUNCE OR A FAKEOUT???Hello and welcome to this BNB update in 3 hours TF. If you are viewing my post for the first time then do not forget to like and follow. I share updates on the crypto market including margin trading, futures, spot, and scalping. All ideas are my biased opinion and I invest at my own risk. I don't force anyone to buy or sell, I simply share my ideas absolutely for free and it is your sole decision whether to trade on them or use them to understand the market. BNB has formed an ascending triangle pattern which usually is a bullish pattern. BNB broke out, retested, and currently bouncing back perfectly from the support level. Is this a bullish confirmation? To some extent, yes, it is a bullish confirmation but considering the dominance and BTC price movement, it is always wise to wait or trade with a close SL. I am already long on BNB at around $305 and I will continue to hold it until it breaks down below the ascending triangle support level which is at my entry-level. On the other hand, if BNB is bullish then we can expect a rally up to $350 to $400. What do you think about the current price movement on BNB? Let me know in the comments. Thank you, guys, for your support.
BINANCE:BNBUSDLong
by Dexter_The_Trader
BNB (Binance Coin) Coin Analysis 26/03/2022Fundamental Analysis: Launched in July 2017, Binance is the biggest cryptocurrency exchange globally based on daily trading volume. Binance aims to bring cryptocurrency exchanges to the forefront of financial activity globally. The idea behind Binance’s name is to show this new paradigm in global finance — Binary Finance, or Binance. Aside from being the largest cryptocurrency exchange globally, Binance has launched a whole ecosystem of functionalities for its users. The Binance network includes the Binance Chain, Binance Smart Chain, Binance Academy, Trust Wallet and Research projects, which all employ the powers of blockchain technology to bring new-age finance to the world. BNB is an integral part of the successful functioning of many of the Binance sub-projects. Binance is a unique ecosystem of decentralized, blockchain-based networks. The company has grown to be the leading crypto exchange in a number of countries, and their side organizations are attracting significant interest as well. One of the biggest competitive advantages Binance has is its drive for development. While the company started only as a crypto exchange back in 2017, today, Binance has spread its services among numerous different spheres. According to the company website, its mission is to become the infrastructure services provider for the entire blockchain ecosystem. Since launching the BNB, the exchange has also benefited from increased investor interest in the token. BNB went through a significant price increase at the beginning of 2021, which has put it on the map of enterprise investors. Measures like BEP-95 have upgraded the already deflationary tokenomics to make BNB even more deflationary. Following the proposal, gas fees on Binance Smart Chain have become even lower, as the network burns a part of the fees to decentralize further. The proposal was modeled after Ethereum's famous EIP-1559. Initially, the BNB started as a traditional ERC-20 token on the Ethereum blockchain. Later on, the company introduced its own blockchain, and the coins started being issued from the Binance blockchain, secured by the Tendermint byzantine-fault-tolerant (BFT) consensus mechanism. While ERC-20 tokens rely on the proof-of-stake (PoS) consensus, which allows them to be extremely scalable, and allows for the creation of smart contracts. Unlike PoS, the Binance blockchain does not support smart contract functionalities. In contrast, the Bitcoin blockchain is secured by the proof-of-work (PoW) consensus, which is far more limited and consumes large amounts of electrical and computing power. This has helped Binance overcome several exploits of protocols on BSC, such as a $200M exploit of Pancake Bunny and several hacks of Cream Finance. Despite these hacks, users return to Binance for its low fees and the abundance of lucrative meme coins in its ecosystem. There is an initial maximum supply of 200,000,000 BNB coins, of which 165,116,760.89 are currently in circulation as of March 2022. Binance conducts quarterly burning of the BNB supply, with the goal of reducing the total supply by half — or 100,000,000 BNB. On July 18, 2021, it conducted its 16th quarterly burning, which was worth $390 million in BNB price at the time of burning. However, that was not the most expensive burn — on April 16, 2021, the exchange burned nearly $600 million worth, in BNB price at the time of burning. According to the Binance whitepaper, exactly half of the maximum supply of BNB tokens was allocated towards the initial coin offering (ICO) and public sale of the token. The ICO was held in July 2017 shortly after the exchange launched, and saw Binance raise $15 million in funding, with BNB price at $0.10 during the ICO. Taking BNB price today, that represents an almost 4200X return on investment (ROI). Another 40% of the total supply, or around 80,000,000 BNB coins, was distributed among the founding members and team. Finally, the remaining 10% of the maximum supply was split among angel investors. Changpeng Zhao is the founder and CEO of Binance. In 2001, Zhao joined Bloomberg as head of tradebook futures development. He spent four years with the company and later joined Fusion Systems as a partner. Since 2013, Changpeng Zhao has been actively involved with blockchain technology and cryptocurrencies. He became head of development at Blockchain, and in 2015 he founded BijieTech. In 2017, Zhao officially launched Binance, and he has been the CEO of the company ever since. He Yi is a co-founder and chief marketing officer at Binance. She started her career as a TV anchor and presenter on China Travel TV in 2012. Later, in 2014, Yi co-founded OKCoin, which was the largest fiat-to-crypto exchange in China at the time. In 2017, she joined forces with Changpeng Zhao, and together they created the largest crypto exchange globally — Binance. The current CoinMarketCap ranking is #4, with a live market cap of $68,067,543,893 USD. It has a circulating supply of 165,116,761 BNB coins and a max. supply of 165,116,760 BNB coins. Technical Analysis: As you can see the Price is getting Squeeze above the Major Trend Line and between the 38.2% of Fibonacci Retracement Level which acts as a Resistance zone. the out come is Most Probably is the Breakage of the Resistance area and Strat of a Bullish Impulse Trend, as the Major Trend line may act as an Stronger Support. There exist a Hidden Bullish Divergence of Price and MACD which is the sign of bullish Trend Continuation. We have Defined 2 Targets Based on the Fibonacci Trend Base Extension of the 0 to Initial Impulsive Wave and its Retraced Level. the defined targets are the 1 TP <750$> (161.8% Fib) which is the extension level and if it gets Triggered then the 2 TP <1100$> (261.8% Fib) , is Confirmed. We have analyzed the BNB Total Market Capitalization Chart, where it is clearly showing a heavy Reaccumulating Areas and its Possible Growth Levels: looking at this Analysis we can observe that the worthiness of this asset and its potential Growth extends... This Analysis is Based on our Past Analysis of the First Cycle:
Long
by BitonGroup
BNB UPDATE: WILL IT RALLY ONCE AGAIN???Welcome folks to my new update on BNB. To analyze BNB, I am gonna use a higher time frame (3 days). If you are viewing my post for the first time then do hit the like button and graciously follow as well. I share updates on the crypto market including margin trading, futures, spot, and scalping. All ideas are my biased opinion and I invest in my own risk. I don't force anyone to buy or sell, I simply share my ideas absolutely for free and it is your sole decision whether to trade on it or use it to understand the market. Let's get back to the BNB update. The current scenario in a longer timeframe is critical. BNB is at the support right now and in the past, BNB has always respected this supporting trendline. According to the chart and the patterns, BNB should bounce from the current level but if the market is not in the favor of bulls then it is possible that BNB will break down instead of bounce back. It is hard to say whether BNB can easily break down below the supporting trendline which is more than a year old or break out to hit the resistance trendline once again. To be honest, BNB should respect this trendline and must bounce back for a healthy move. What do you think about BNB? Is it worth it to invest in this trade? Share your views. I would love to read them. Like, and follow for more exclusive updates. Thank you.
BINANCE:BNBUSDLong
by Dexter_The_Trader
BNB COIN May Fall to 18000 Area - BNBTHB💔Having created ATH of 22498.79, BNBTHB price have formed a falling flag setup at the same time shifted the structure of the market entirely. We may see a retest of 21384.21 area which happens to be our OB area. Buyers have to be very careful to avoid getting trapped on that OB area since we have a 2 equal highs which suggests from previous price movements that volatility could increase around thereby getting buyers excited and tempted to buy the break out. PLEASE LIKE, COMMENT AND FOLLOW ME 🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏
Short
by Kingsley_lotanna
BNB - is going to skyrocket 😱😱BNB is the first coin to show an uptrend. And by far the most interesting coin for investors. The price broke through and tested the trend line as support. This was a good buy signal. The local resistance is now on the chart at $519. If the price breaks it, the next target will be the historical high. Write in the comments all your questions and instruments analysis of which you want to see. Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU. P.S. I personally will open entry if the price will show it according to my strategy. Always make your analysis before a trade.
Long
by Yuriy_Bishko
6
BNBUSDT , one of the favorite coin in cryptoHello guys According to the chart the trend in 4h time frame is downward trend we have 2 minor zone for the price that can reaction to it but i think it can break the (3) and can reach pullback to (2) then if it cant be support there it fall down to major support (5) and if it be happening the price can fall down of major support BUT ONLY WITH SHADOW NOT CLOSE CANDLE ( this happen only for stop huntering the orders ) and other senario for the price can break the (2) we after the pullback the price we can take long position and buy BNB until to reach next resistance (1) Attention guys the trend is downward trend and we only take position according to the trend ( low risk ) this is the hole analysis of now market we will update it in days later but dont forget put stop loss in every trade and TP If you have any question ask us Good Luck Abtin
Short
by Abtin00