bnb very riski now it doesn't look too good :)
If it doesn't hold now, we could see as much as $35
and who now has the cash to pump the bnb
the entire US market has cut itself off from bnb
BNBUSDT
BNB/USDT Support ZonesBNB has had a strong Bearish pennant formation on the daily and 4hr candles. Price is expected to pull down to either 2 zones of 187 & 118 respectively. Monthly support zones is market at 187 where price had strong bullish upside momentum. Expected to further be in a sideways market trending until 2024.
BNB dead in the waterLose this this level, i find it hard to see how this doesnt retrace entirely back to the $40 region. If you want risk, $220 - 240 is a buying opportunity, sitting at 200 week EMA. But lights will be out below.
forming a bearish pattern?It is highly likely that an Ending Diagonal pattern has been formed, and this is a pattern that enters the end of an ascending wave and the beginning of a large bearish wave, which will be a C wave.
Note: The model fails by breaking 350 usdt its top and closing
Once again, beware of going downSo far, the price has been moving for a period of 419 days in a large cross area, and this indicates the direction of the discharge and not the consolidation, because the previous drop from the top has not ended, and it must take place in the form of three downward waves. It is going sideways for a period of 419 days.. It will end soon and the strong third bearish wave will be created in order to end the historical correction of the currency and start the rise of a new impulse when the bottom is formed in the shaded area below
Good luck
BINANCE - Do NOT Miss This Trade! Binance is shaping up really nicely.
We are in wave X correction = 335 flat correction. Looking for wave C now. We may break below the structure in which case it will be an expanded flat correction. Entry will remain on trendline break.
Trade Idea:
- Entry on break of red trendline
- Stoploss below the lows after trendline break
- Targets: 300, 395
Goodluck and as always, trade safe!
BNBUSDT - Price can make small movement down and then bounce upHi guys, this is my overview for BNBUSDT, feel free to check it and write your feedback in comments👊
Some time ago price declined from resistance area to support line, thereby breaking $233 resistance level.
But after this BNB at once bounced up and made strong upward impulse to $261 point, breaking two resistance levels.
Then price fell back and also entered to flat, where it broke support line and later declined to $235 - 231 resistance area.
Next, price exited from flat and fell to $215 level, but a not long time ago Binance Coin broke it.
At the moment price trades below and I think that BNB can decline a little more and then bounce up to $225, breaking resistance level.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
BNBUSD 50 % drop - BewareBNBUSD got rejected at the strong resistance level. We expect it to have a short term bounce together with the whole market and if we retest the strong resistance level again, it will the most likely get rejected .
50 % drop coming. Beware
The problem is that it went very parabolic in the bull market and there´s no much support so if we break our support zone, we can go much lower.
If we have some heavy FUD related to Binance exchange, it may drop to 50 $ or a bit lower and it would be a a great opportunity to buy at those low prices. However, it´s not very likely in our opinion .
Good luck!
BNBUSDT head and shoulders - SHORTBNBUSDT looks kinda bearish.
The price formed a head and shoulders pattern.
If it breaks down , we should see a retest of the support at 225 $.
Wait for a successful breakout . Once the neckline fails, it should be a swift drop.
Execting a volume surge at the successful breakdown.
Good luck
BNB Market Cap Looks Ready to Fall From a $20 Billion CliffI have made a few bearish Charts about BNB in the past and this is just a small followup and reminder of what seems like the dump to come.
BNB has broken below all major moving averages and has been rejected from the 200-week SMA and now, if we break below $30B in market cap there will be no support below until 10 Billion Dollars but it could go much lower than even that. I thought about plotting some things on the chart such as a Bearish flag or a Harmonic, but I think the plain and empty chart in this scenario speaks more to just how bad this looks than any pattern ever could.
I will however provide a chart link below to the projection I plotted for BNB earlier on in the year:
BNB - 1H rising pullbackThe price of Binance Coin is being upheld by a demand zone on three occasions, and at present, buyers are actively pushing for a significant price increase. Consequently, there is potential for the BNB price to surge and attain a level where supply and demand are balanced, known as the break-even zone.
BNB looks awfullyAlong with Binance even BNB looks very bad and if it stops in the 190 USDT area it's a miracle in my opinion, if it breaks there we could see it around 120 is my optimistic view and below 80 in my realistic/pessimistic view.
I definitely expect some bounce upwards when price reaches the green box, a weekly bullish DIV is already in formation.
In general I'd stay away from this from a point of view of holding.
Good luck
Binance Coin can start rise to the 225 resistance levelHello traders, I want share with you my opinion about Binance Coin. Looking at the chart, we can see how the price some day ago declined to 225 current resistance level, which coincide with the resistance area and support line of the wedge, and soon bounced and started to rise. Price rose to the seller zone, thereby breaking the 247 resistance level, but at once rebounded down and fell back below. In a short time, BNB bounce back higher than the 247 level and later rose to the resistance line of the wedge, but then it started to decline. Binance Coin declined below the 247 resistance level and some time traded below it. And when the price reached 247 again, it rebounded down and started to decline until to 225 current resistance level. Also, price exited from the wedge and later broke the 225 level. At the moment BNB is traded below and in my mind price can start to rise to the resistance level. For this reason, I set up my target at the 225 resistance level. Please share this idea with your friends and click Boost 🚀
Binance Coin BNBUSDT Price Analysis (8h)Greetings traders!
It's been a while since our last BNB update . Let's dive into the recent developments.
The price action has carved out a larger-than-anticipated triangle pattern, spanning the $227 - $253 range. Notably, yesterday saw a significant breakout to the downside, hitting the projected triangle target zone at around $210.
The current RSI readings are indicating an oversold condition. An interesting twist awaits: if the price ventures even lower, pushing towards the $200 vicinity, it could potentially trigger a Bullish Divergence. This scenario aligns with a pattern we observed back in mid-June when the triangle formation began.
Keep a close watch on these dynamics as they unfold. Remember, trading requires vigilance and adaptability.
Stay tuned for further updates, and as always, happy trading! 🚀📊
BNB in a MASSIVE Bearflag.. BNB has been trading sideways for many months and after all the legal problems they have, its time to go LOWER. BNB is in my opinion still OVERVALUED. and also, there has not been any CAPITULATION event on BNB holders.
As you can see, volume keeps dropping (bearish sign). very low liqiudity. also, BNB has formed a MASSIVE BEARFLAG. the flag has already broken down.
in crypto, things must get WORSE before it gets better, and for BNB its time to get worse. i believe in the WORST case scenario, bnb can go as low as 120 or 80 dollar. In the BEST scenario, bnb can go as low as 202 or 180 dollar.
They say dont fight the FED, i say dont fight the SEC.
BINANCE:BNBUSDT BINANCE:BNBUSDT.P KUCOIN:BNBUSDT MEXC:BNBUSDT
BNB Binance Coin Sell Opportunity? BNB (Binance Coin) may face potential downside risks as a bearish outlook looms over the cryptocurrency. The recent surge in price could be seen as a sell or short opportunity, primarily due to the ongoing lawsuit against Binance by the US Federal Reserve (FED).
The FED lawsuit raises concerns about regulatory scrutiny and potential consequences for Binance, which could have a negative impact on the value and reputation of BNB. If the lawsuit results in unfavorable outcomes for Binance, it may weigh heavily on the coin's performance in the market.
Investors considering BNB should carefully evaluate the potential risks associated with the regulatory uncertainty surrounding Binance.
My short term price target for BNB is $225.
Looking forward to read your opinion about it.
What's Next For BNB/USDT? Binance Coin Analysis 💎Attention, Paradisers! BNB is currently on a downward trajectory, eyeing a revisit to its pivotal support zone around $220, a level it has approached twice before.
💎Recently, BNB experienced a sharp price drop, establishing a bearish OB and creating an imbalance on its chart.
💎We're hopeful that after touching the $220 support, BNB will pivot and address the earlier imbalance.
💎Yet, it's essential to note that the broader market's volatility can influence BNB's price direction.
💎Stay connected for the latest insights and market updates with us.
Good night - Altcoins | Bitcoin Dominance Carnage Continues (LN)
VC's continue to try sell Bitcoin to "prop" up their token to keep interest going.
Its not working and at the same time they're losing the only assets that matters, Bitcoin.
"BNB" losing power every time Binance tries to do this and they're running low on Bitcoin supply and USDT.
Ethereum also mimicking the BNB sell cycle.
Once exchanges start to adopt Lightning (USDT) (USDC) over Bitcoin its game over.
I can't help but see the repeat of 2002 where share holders off load useless non functioning business model companies and retail purchasing them at all time lows believing they will make a recovery.
There was 457 Initial Public Offerings (IPO's) riding on the wave of Apple, Microsoft, IBM, Intel none of the 457 made it out and went to zero.
We're in the final period where the market caps consolidate to the winner, Bitcoin.
-------------------------------------------------------------------------------------------------------------------
"Today #Tether announces the ending of the support of 3 blockchains CRYPTOCAP:USDT : OmniLayer, BCH-SLP and Kusama.
Customers will be able to continue to redeem and swap CRYPTOCAP:USDT tokens (to another of the many supported blockchains), but Tether won't issue any new additional CRYPTOCAP:USDT on those 3 blockchains."
"Yet we want to emphasize that Tether's team is rooted in the belief of leveraging the most secure, audited, and decentralized blockchain ever built: #Bitcoin .
In fact, we are actively contributing to developing RGB, alongside to
@bitfinex
and Fulgur Ventures, a client-side validated state and smart contracts system operating on Layer 2 and 3 of the Bitcoin ecosystem.
RGB has been postulated and boostrapped by
@peterktodd
and
@giacomozucco
.
You can find more info here: rgb.info
RGB functions both on-chain (Bitcoin L1) and on the Lightning Network ⚡️, promising unparalleled scalability. We firmly believe that RGB will usher in a new era for digital assets, smart contracts, and digital rights, garnering comprehensive support from major players in our industry. Once CRYPTOCAP:USDT on RGB goes live, the world will witness CRYPTOCAP:USDT on another super-powerful and scalable #Bitcoin layer.
If you didn't take a look at RGB yet, I strongly recommend you to do it.
It's community driven, fully open source, developed and maintaned by super talented minds.
RGB does not require any other token.
Simply secured by #Bitcoin built by bitcoiners ♥️"
Paolo Ardoino TO @tether_to + CTO @bitfinex
twitter.com
BNB 🌤️ 24 Hrs & 1-Week; Slightly Bullish Market AheadBinance Coin witnessed a 2 percent decline in the past 24 hours. Nevertheless, a price retracement is on the horizon.
As suggested by ATTMO, expect sun with scattered clouds 🌤️ for Binance Coin in the upcoming 24 hours and week, indicating a potential bullish trend. Stay tuned for more crypto weather updates!
