The Big Danger Awaiting BNBBNB, which had an order block of around $265, was rejected by this block about 5 times and then stood at around $210.
In the scenario where this block is rejected, $350 can be seen again, but I think this scenario is risky as I heard from various sources that Binance is an attempt to hold BNB by selling Bitcoin.
In the scenario where $210 support is broken, BNB will face the downtrend that it broke before. There is a possibility of a return from here, but if this does not hold, the $210 - $43 gap becomes extraordinarily dangerous.
Bnblong
WIll $BNB stop dropping? LAUNCHPOOL announcement🚀🚀🚀After #SEC announced the files against Binance the price of CRYPTOCAP:BNB is constantly falling.
Looking at the 45m chart the price is between support and resistance and it hit once the resistance level of $246 some hours ago.
It is noticeable that the latest price move seem to be bullish and in combination with the Binance announcement regarding the #MAV lanchpool, I believe that we are going to be an upward trend soon.
⚡ RESISTANCE : $246.7
⭐ SUPPORT : $234.7
ANALYSIS OUTCOME : LONG 🚀🚀
This is not a financial advice!
Please tell me in the comments your opinions!
BNBUSDT AnalystHello everyone! I want share my idea about BNB.
We saw really good and massive down movement of BNB. its looking very bearish but although on high timeframe it looks pretty good for buy because we are close to 1W trendline and support.
I am looking bullish bitcoin too, if bitcoin price will go up I think it will help to BNB for start uptrend from here. its linked in the idea.
Here is my 2 scene of price movement which is possible happen, but for me from here scene which is uptrend is more possible to happen because its really good new low for buy BNB.
Be patient! Buy Low Sell High!
BNB Short TF Long Setup• I am still expecting BNB to make a lower low. However, it looks as if a relief rally is in the cards for next week. We need to watch out for the ISM services PMI announcement tomorrow (June 5th) but otherwise I think we are short-term bullish.
• Following BNB’s PA, you can see that the 308 USD horizontal level is meaningful. I mean that if it flips to support, we can expect a short-term bounce.
• Furthermore, if BNB can get above the 308 USD level and flip it, it will also be above the 4H 20 & 50 EMAs which will reduce the bearish pressure.
• If BNB reclaims the 316 USD level and the Diagonal line, I think we are off to the races. Please read my previous Idea about BNB for more context.
My Trade Idea:
• Entry: 308.6 (after retest).
• SL: 306.4 (local resistance/support)
• Target: 315
• R: R > 1:3
• If this trade is successful, I will not cash out completely because it may go higher.
NFA
What do you think? Please share in the comments
Best wishes to all.
BNB/USDT 1DAY UPDATE BY CRYPTOSANDERSHello, welcome to this BNB/USDT 1DAY chart update by CRYPTOSANDERS.
I have tried to bring the best possible outcome to this chart.
Show some support, hit the like button, and follow and comment in the comment section. this motivates me to bring this kind of chart analysis on a regular basis.
CHART ANALYSIS:-BNB, or Binance coin, was also in the green to start the week, with prices moving to a multi-week high in the process.
Following a bottom at 307.53 on Sunday, BNB/USD rose to an intraday peak of 316.83 earlier today.
This surge saw BNB hit its highest level since May 9, when the token was trading above 320.00.
BNB is now trading 2% higher than at the same point last week, with today’s rally sending the RSI to its strongest reading since May 1.
In addition to this, the 10-day (red) moving average (MA) is also moving towards an upwards crossover with the 25-day (blue) MA.
Should this cross take place, there is a good chance that BNB will move towards a long-term ceiling at the 340.00 mark.
This is not a piece of financial advice.
Hit the like button if you like it and share your charts in the comments section.
Thank you
BNB Weekly Close - Only a personal opinion Only a personal opinion
Weekly close for BNB is still not a bullish indicator.
Area 320 appeals to me since there has been a lot of rejection there.
examine something else. when he gets back to area 320
If there is a pending, there is still a chance for additional drop, with the 290–282 area being supported by the atr indicator.
BNB *POTENTIAL* LONG PLAY.NOT confirmed, but if she can back-test the spring, it's an automatic buy. Made common 50% reversal from last swing high to swing low and is following typical procedures. Need to bust through that local resistance before she can do anything, but BNB is hitting those targets with ease if so occurs.
GLHF
BINANCE imagine being bearish in BNB 😂Imagine being bearish in BNB lmao. Think of it anon, if BNB crashes crypto would be sent back to stone age. I've been a user on Binance platform for 7 years and I know enough to know this is all driven FUD by USA after FTX collapsed.
With that being said, knowing BNB is not going away after being put on the spotlight and gaslighted by american exchanges, powell, and the FED. Knowing its not going anywhere, Binance is going to be one big monster in the crypto industry which is what the FED did not want.
Once the fire settles, BNB will go to all time highs.
In a hypothetical scenario where Binance, one of the world's largest cryptocurrency exchanges, were to collapse, it could have significant effects on the cryptocurrency space. Here are three possible effects:
Decreased Liquidity and Volatility: Binance is one of the most liquid cryptocurrency exchanges in the market, meaning that it facilitates a significant amount of trading volume. Its collapse could lead to a decrease in liquidity and increased volatility, as traders may struggle to find buyers and sellers for their cryptocurrencies. This could lead to significant price swings, making it difficult for traders to manage their positions.
Loss of Investor Confidence: Binance is known for its security and reliability, and its collapse could lead to a loss of confidence in the cryptocurrency market as a whole. Investors and traders may question the security and reliability of other cryptocurrency exchanges and the underlying technology itself. This could lead to a decline in investment and a decrease in adoption of cryptocurrencies.
Regulatory Scrutiny: The collapse of Binance could lead to increased regulatory scrutiny of the cryptocurrency market. Governments and regulatory bodies may see the failure of a large exchange like Binance as evidence that the market is not mature enough to be trusted. This could lead to increased regulation, which could be detrimental to the growth and adoption of cryptocurrencies. Additionally, regulatory uncertainty could cause other cryptocurrency exchanges to be more cautious in their operations, potentially leading to decreased innovation and investment in the space.
BNB Bullish ProjectionBNB is currently facing a significant resistance level that has been tested four times before. In November 22, there was a fakeout at the same level, causing the price to drop below the resistance.
In recent days, the cryptocurrency market has seen a surge in trading volume. If this momentum persists, BNB is likely to break above the crucial level and extend its rally towards my designated target zones.
However, if the price falls below the resistance level, there is a chance that it may revisit the lower trendline.
What is your opinion on the matter? Please show your support and provide your thoughts in the comments section.
BNB Growth Predictionhello to friends
There is a lot to talk about the price of BNB, however, in summary, I am trying to introduce two resistance area that crossing them will cause the price of BNB to grow in the long term.
The first resistance range will be $345, which will be a weak resistance.
The next resistance range is $430, which is a stronger resistance, and after that we have to wait for a significant increase in the price of BNB.
This text is only a prediction and does not have an investment recommendation aspect.
BNB/USDT 3DAY UPDATE BY CRYPTO SANDERS !!Hello and welcome to this BNB /USDT chart update by Crypto Sanders.
I have tried to bring the best possible result in this chart.
Chart Analysis:- BNB is holding above the horizontal and ascending trendline support. RSI is in the oversold region and also in the formation of making hidden bullish divergence. A bounce from the marked support is anticipated soon.
This is not a piece of financial advice.
Hit the like button if you like it and share your chart in the comment section.
Thank you
Long on BNB-USDI'm looking for a high of $310 on the day. I'm not expecting it to do much more than trade sideways. If the preliminary support can be viewed as such, than I suspect we may see a breakout. Bare in mind as we close out Q1, that at the end of Q2 there is a forecasted burn. Which is why you'll see recovery from downtrends.
Around this time approximately>>> 2022 : $375.04 USD | 2021 : $228 USD | 2020 : $20:39 USD
Current Total Crypto Market Dominance: approximately 4.51%
Opinion on regulatory climate: I'm going to accumulate regardless of "news", or "rumors"... I'm aware of the scrutiny surrounding PAXO's... and I'm unbothered by it. It's good to know, but it hasn't changed my perspective to accumulate as much BNB as possible ahead of the Litecoin & Bitcoin Halvings. I'm aware of the 200 jurisdictions having signed onto an FATF agreement to regulate crypto.... the delegates actually did agree on introducing implementation on FATF standards... so the industry will see an introduction of a framework that largely benefits exchange operators such as Binance. How so?... it wont come into effect until the second quarter of 2024. Exchanges have a full year to work with, and adjust to a new global regulatory climate. Those whom are new to market will see the space as "cleaning up"... i welcome it.
BNB Chain deployed the most dApps in 2022. BNB Chain deployed 2,163 dApps
Global Expansion:
Q1 Observations -
- CZ plans to expand Binance headcount by 33% in 2023
- CZ suggests algorithmic stable coins may reemerge (a multichain stable)
- Tripling of validators too a set of 100
- Introduced third chain; BNB Greenfield + Optimism Roll Ups
EOY Guess: Last Bull Run vs this "Mega Bull Run".... i think BNB on the low end touches $900, on the bullish side it crosses $1200 USD, settling to $797 at the conclusion of the bullrun mid Q2 of 2024.