BNB 4HInterval ReviewHello everyone, let's look at the BNB to USDT chart on a four-hour time frame. As you can see, the price has moved above the downtrend line.
After unfolding the Fib Retracement tool, we see that the first support is at $247.82, then we have a strong support zone from $245 to $243, and then support at $240.97.
Looking the other way, it is worth first marking the resistance zone from $ 253 to $ 256, and then the support at $ 261.37.
The CHOP index indicates that there is energy for a further move, the MACD remains in a downtrend, and the RSI has a sideways move around the middle of the range, which may result in a slight upward move in price.
BNBUSDT
SasanSeifi 💁♂️BNB /USDT👉4H Hey there,✌
◼In the 4-hour timeframe, the price is currently trading around the $246 range. The scenario we can consider in the 4-hour timeframe is as follows: If the support zone at $242/ $240 is held, we may witness price growth toward the resistance levels at $248 and $250. 💹
🔹To better understand the continuation of the price movement, we need to observe how the price reacts to the resistance levels. If there is buying demand, there is a notable possibility of further price growth in the medium term towards the levels of $253 and $258, and it is possible to see a higher high above the $250 price range. However, if the price breaks below the $242 support level, we can consider corrective targets at , $237, and $233.💹
◼ It is important for the positive trend to continue that the price consolidates above the $250 resistance level.❗
❎ (DYOR)...⚠️⚜️
🔹Just keep these scenarios in mind as you analyze the market. Remember, things can always change unexpectedly, so stay flexible in your trading approach.
🔶Wishing you successful trading and profitable opportunities! If you have any further questions or require additional assistance, feel free to ask.✌
🔹And if you found my analysis helpful, I would appreciate it if you could show your support by liking and commenting. Thank you! 🙌
BNBUSDT - Price can bounce of resistance level and start to fallHi guys, this is my overview for BNBUSDT, feel free to check it and write your feedback in comments👊
After price bounced from resistance line of triangle, it fell below support area to support line, thereby breaking $255.0 level.
Then price made upward impulse to resistance level and when price reached it, BNB bounced down to support level.
Also, price exited from triangle and later started to rise inside rising channel, where recently it made a fake breakout.
And now BNB trades near resistance level and I think price can grow to this level.
As well then Binance Coin can start to decline to $240.0 level in rising channel.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
Binance is Worldcom?, Binance Exchange Looking Strange.
As of today Binance holds
554,634 Bitcoin | 9.2 Billion in Stable coins
I really never liked Binance the entire theme of
"helping lower gdp countries by expanding operations to uneducated financial employees that would have no thought of what they're doing is fraud"
seems to me to be only a mirage of operating in unregulated financial markets.
You can confirm this as the moment Binance steps foot into a regulated leading gdp country they get investigated and shortly after invited to the SEC and legal operation after legal operation.
Their BNB token similar to FTX seems to show no strength at all pointing to be artificially held up, how much of this could be user funds? that Merkle tree strategy that was proven in effective as you're unable to know if multiple accounts are tied to the same balance, you can sense something off here.
1. Executives leave Binance
2. CEO's stepped down
3. CZ refusing to legally register his business and not addressing seed funding from his Chinese business origins and origin team, I was here I remember Binance and the Chinese white papers back during the ICO.
Some exchanges have registered and pass the SEC regulations to operate experimenting with "cryptos" but Binance is not one of them.
So if you take away the "cryptos" and that leaves Bitcoin as the only legitimate source of income, there is zero chance they can survive spot Bitcoin ETF's + regulated banking apps that will offer Bitcoin services.
I see two pathways only
1.Binance gets acquired by an institution and reborn with the branding. In this case there could be very well one targeting Binance right now to take them down as they know something is off with them, this leads to discounted Bitcoin for your own fund.
2.Binance loses majority of Bitcoin revenue and uses its legitimate reserves to defend their unregistered security "BNB" as nobody will want to be locking up fantasy shares earning zero trading revenue. Expect mass layoffs from Binance in turn to repurchase BNB to defend their entire ecosystem of fraud.
-
If it was not clear you don't want anything to do with a company that could lead to your assets being held up in a 10 year legal case of seized property.
The price to keep track of has been marked, Binance seems to be keeping the BNB price above $221.
Some further details why I do not trust CZ he has paid to clean his involvement with Bijie Tech (seed funding of Binance) from most google searches
and his specialty?
his technology startup company, Fusion Systems, which was known for "some of the fastest automated high-frequency trading platforms and systems for stockbrokers."
Is it not shocking his companies share token looks extremely abnormal and very well manipulated by a single large holder?
BNB: Sideways ChannelBinance (BNB) technical analysis:
Trade setup : Following a big drawdown in June, price has stabilized in a Sideways Channel ($220 – $260). Swing Traders can trade the channel (Enter near $220 support and Exit near $260 resistance).
Pattern : Price is trading in a Sideways Channel , which is a neutral pattern (indication of market indecision). Trend Traders ought to wait for a breakout in either direction, although typically it breaks in the direction of the existing trend. Swing Traders can trade the range – Buy near Support and Sell near Resistance.
Trend : Neutral on Short-Term basis and Downtrend on Medium- and Long-Term basis.
Momentum is Mixed as MACD Line is above MACD Signal Line (Bullish) but RSI ~ 50 (Neutral).
Support and Resistance : Nearest Support Zone is $220. The nearest Resistance Zone is $260 (previous support), then $300.
BNB/USDT Short-Term ReviewHello everyone, let's look at the BNB to USDT chart on a one hour time frame. As you can see, the price has broken out of the local downtrend line.
After unfolding the trend based fib extension mesh, we see that the first support is at the price of $ 239.8, the second at the price of $ 236.5. third at $233.3, and fourth at $228.7.
Looking the other way, you should first mark the resistance zone from $247 to $250, and then the second zone from $254 to $257.
The CHOP index indicates that there is a lot of energy to move, MACD is on the verge of returning to the downtrend, and we have a rebound on the RSI, but there is room for the price to go lower.
SHORT BNBUSDT : TARGET ~$240.00Calling a short opportunity here for anyone keen to scalp it.
// Been reprimanded for not writing enough in my posts.
I'm about the signals, trying to focus on accuracy. If I wanted to be an author, I'd have created a SubStack..
So I'll be posting completely random content from now on as filler..
They said content. Never said it had to be relevant..
I love this poem:
The Raven
BY EDGAR ALLAN POE
Once upon a midnight dreary, while I pondered, weak and weary,
Over many a quaint and curious volume of forgotten lore—
While I nodded, nearly napping, suddenly there came a tapping,
As of some one gently rapping, rapping at my chamber door.
“’Tis some visitor,” I muttered, “tapping at my chamber door—
Only this and nothing more.”
Ah, distinctly I remember it was in the bleak December;
And each separate dying ember wrought its ghost upon the floor.
Eagerly I wished the morrow;—vainly I had sought to borrow
From my books surcease of sorrow—sorrow for the lost Lenore—
For the rare and radiant maiden whom the angels name Lenore—
Nameless here for evermore.
And the silken, sad, uncertain rustling of each purple curtain
Thrilled me—filled me with fantastic terrors never felt before;
So that now, to still the beating of my heart, I stood repeating
“’Tis some visitor entreating entrance at my chamber door—
Some late visitor entreating entrance at my chamber door;—
This it is and nothing more.”
Presently my soul grew stronger; hesitating then no longer,
“Sir,” said I, “or Madam, truly your forgiveness I implore;
But the fact is I was napping, and so gently you came rapping,
And so faintly you came tapping, tapping at my chamber door,
That I scarce was sure I heard you”—here I opened wide the door;—
Darkness there and nothing more.
Deep into that darkness peering, long I stood there wondering, fearing,
Doubting, dreaming dreams no mortal ever dared to dream before;
But the silence was unbroken, and the stillness gave no token,
And the only word there spoken was the whispered word, “Lenore?”
This I whispered, and an echo murmured back the word, “Lenore!”—
Merely this and nothing more.
Back into the chamber turning, all my soul within me burning,
Soon again I heard a tapping somewhat louder than before.
“Surely,” said I, “surely that is something at my window lattice;
Let me see, then, what thereat is, and this mystery explore—
Let my heart be still a moment and this mystery explore;—
’Tis the wind and nothing more!”
Open here I flung the shutter, when, with many a flirt and flutter,
In there stepped a stately Raven of the saintly days of yore;
Not the least obeisance made he; not a minute stopped or stayed he;
But, with mien of lord or lady, perched above my chamber door—
Perched upon a bust of Pallas just above my chamber door—
Perched, and sat, and nothing more.
Then this ebony bird beguiling my sad fancy into smiling,
By the grave and stern decorum of the countenance it wore,
“Though thy crest be shorn and shaven, thou,” I said, “art sure no craven,
Ghastly grim and ancient Raven wandering from the Nightly shore—
Tell me what thy lordly name is on the Night’s Plutonian shore!”
Quoth the Raven “Nevermore.”
Much I marvelled this ungainly fowl to hear discourse so plainly,
Though its answer little meaning—little relevancy bore;
For we cannot help agreeing that no living human being
Ever yet was blessed with seeing bird above his chamber door—
Bird or beast upon the sculptured bust above his chamber door,
With such name as “Nevermore.”
But the Raven, sitting lonely on the placid bust, spoke only
That one word, as if his soul in that one word he did outpour.
Nothing farther then he uttered—not a feather then he fluttered—
Till I scarcely more than muttered “Other friends have flown before—
On the morrow he will leave me, as my Hopes have flown before.”
Then the bird said “Nevermore.”
Startled at the stillness broken by reply so aptly spoken,
“Doubtless,” said I, “what it utters is its only stock and store
Caught from some unhappy master whom unmerciful Disaster
Followed fast and followed faster till his songs one burden bore—
Till the dirges of his Hope that melancholy burden bore
Of ‘Never—nevermore’.”
But the Raven still beguiling all my fancy into smiling,
Straight I wheeled a cushioned seat in front of bird, and bust and door;
Then, upon the velvet sinking, I betook myself to linking
Fancy unto fancy, thinking what this ominous bird of yore—
What this grim, ungainly, ghastly, gaunt, and ominous bird of yore
Meant in croaking “Nevermore.”
This I sat engaged in guessing, but no syllable expressing
To the fowl whose fiery eyes now burned into my bosom’s core;
This and more I sat divining, with my head at ease reclining
On the cushion’s velvet lining that the lamp-light gloated o’er,
But whose velvet-violet lining with the lamp-light gloating o’er,
She shall press, ah, nevermore!
Then, methought, the air grew denser, perfumed from an unseen censer
Swung by Seraphim whose foot-falls tinkled on the tufted floor.
“Wretch,” I cried, “thy God hath lent thee—by these angels he hath sent thee
Respite—respite and nepenthe from thy memories of Lenore;
Quaff, oh quaff this kind nepenthe and forget this lost Lenore!”
Quoth the Raven “Nevermore.”
“Prophet!” said I, “thing of evil!—prophet still, if bird or devil!—
Whether Tempter sent, or whether tempest tossed thee here ashore,
Desolate yet all undaunted, on this desert land enchanted—
On this home by Horror haunted—tell me truly, I implore—
Is there—is there balm in Gilead?—tell me—tell me, I implore!”
Quoth the Raven “Nevermore.”
“Prophet!” said I, “thing of evil!—prophet still, if bird or devil!
By that Heaven that bends above us—by that God we both adore—
Tell this soul with sorrow laden if, within the distant Aidenn,
It shall clasp a sainted maiden whom the angels name Lenore—
Clasp a rare and radiant maiden whom the angels name Lenore.”
Quoth the Raven “Nevermore.”
“Be that word our sign of parting, bird or fiend!” I shrieked, upstarting—
“Get thee back into the tempest and the Night’s Plutonian shore!
Leave no black plume as a token of that lie thy soul hath spoken!
Leave my loneliness unbroken!—quit the bust above my door!
Take thy beak from out my heart, and take thy form from off my door!”
Quoth the Raven “Nevermore.”
And the Raven, never flitting, still is sitting, still is sitting
On the pallid bust of Pallas just above my chamber door;
And his eyes have all the seeming of a demon’s that is dreaming,
And the lamp-light o’er him streaming throws his shadow on the floor;
And my soul from out that shadow that lies floating on the floor
Shall be lifted—nevermore!
BNBUSDT - Price can fall to support level and try to break itHi guys, this is my overview for Binance Coin, feel free to check it and write your feedback in comments👊
Recently price bounced from support level, which coincide with support area, and made upward impulse to next level.
After Binance Coin reached this level, price broke it and rose higher of resistance area and later started to decline in falling channel.
Inside channel price broke $245.0 level and fell to past support level.
Then Binance Coin bounced up of this level and a not long time ago made upward impulse higher of $245.0 level, thereby breaking it again.
At the moment price trades near support area and I think it can bounce down to support level, which is located in support area.
Also, possibly Binance Coin can break this level, make retest, and continue to decline to $240.0
If this post is useful to you, you can support me with like/boost and advice in comments❤️
BNB Bearish Flag!KUCOIN:BNBUSDT
BINANCE:BNBUSDT is sitting in a bearish flag.
Price Action is at Resistance and possible entry ideas for a short with possible targets to 182 and 164.
However, the Flag is sitting at an strong support zone.
So, in the event that BINANCE:BNBUSDT breaks out upwards out of the flag, there is a low volume node that could be filled quick to the 200 Daily.
CPI data comes out later so watch for volatility and possible Fake Outs.
Not predicting but preparing for your move - Good Luck!
In regard to CRYPTOCAP:BTC , it is still sitting in a build up.
For detailed analysis see my previous post which also shows target scenarios for CRYPTOCAP:BTC and you can view my idea here which still holds: tinyurl.com/53cpu4vw
If you appreciate my efforts, spend half a second and give me a Boost! Thanks!!
Always having Plan A and Plan B scenarios so we can react once the markets provide an opportunity to execute our edge.
If you liked this idea or if you have your own opinion about it, write in the comments.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations.
BNB looks ready for trend shift ?👀 🚀Binance Coin Today Analysi💎 BNB is poised for a significant shift as it has been exhibiting sideways trading behavior for the past month. Currently, it's trading in a high-demand zone, indicating a potential trend shift.
💎 Moreover, it maintains a robust stance above the 50-day Exponential Moving Average (EMA), and the Relative Strength Index (RSI) also stands above 50, both of which are bullish indicators that shouldn't be disregarded.
💎 Above, we have a supply zone, so it's anticipated that the price will likely mitigate this zone by capturing selling liquidity.
💎In the dynamic world of crypto, staying informed and adaptable is key. Stay tuned for more updates and enjoy your trading journey
WTC getting Buyer Interest hereWTC getting Buyer Interest here
WTC breakout Falling wedge and also getting support as well
Binance Coin BNBUSDT Price Analysis (4h)Greetings, fellow traders and investors of @TradingView 📈🚀
Today, let's dive into the analysis of Binance Coin (BNB) and explore its recent price action within a consolidating triangle pattern. 📊🔍
Over the past 34 days, Binance Coin has been consolidating within a triangle formation, indicating a period of indecision in the market. Notably, the prevailing trend leading up to this consolidation phase has been a downtrend. Typically, when a triangle pattern appears within a downtrend, it suggests the continuation of the downward momentum. However, it is crucial to acknowledge that the cryptocurrency market has exhibited instances where prices defied technical analysis expectations, emphasizing the need for vigilance.
✨ While it's important to consider the prevailing trend and the potential continuation of the downtrend, it's equally essential to remain open to alternative scenarios in the dynamic cryptocurrencies.
Currently, the price of Binance Coin is hovering within the upper range of the triangle pattern, encountering resistance in the zone of $245 to $250. On the flip side, there is a support zone in the range of $235 to $239. These levels serve as crucial boundaries to monitor for potential breakout or breakdown.
In the event of a bullish breakout from the triangle pattern, we can anticipate prices to target the next resistance zone at $270 to $277. Such a move would suggest a potential shift in market sentiment and bullish momentum.
Conversely, should the triangle pattern break to the downside in alignment with the prevailing downtrend, there is a possibility of a breakdown below the $200 level .
As previously analyzed in our BNBUSDT analysis, lower price levels may come into play as the downtrend continues.
🔍 It is essential to stay updated on the latest market developments and closely monitor the price action and key technical indicators for potential signs of a breakout or breakdown.
Remember, trading and investing in cryptocurrencies involve inherent risks, and it's crucial to exercise proper risk management strategies and set appropriate stop-loss orders to protect capital.
Wishing you successful trading and investment endeavors! 📊💰
BNB/USDT Main Trend (part) Cup 150% Pivot Zones.The main trend (part). Timeframe 1 week. Cup 150% Reversal zone. A cup with a base of about 150% has formed in the secondary trend. The price is now at its resistance of 666.
The 666 zone is an important reversal/trend continuation zone:
1) Not overcoming and formation of a horizontal channel (low probability).
2) Continuation of the trend (breakthrough and realization of the cup's targets), possibly through a flat in this resistance zone or through a small pullback - the formation of a cup with a handle).
Coin in the coinmarketcap: Binance Coin
Secondary trend. Timeframe 1 day.
BNB/USDT Secondary trend. Resistance to previous highs.
BNB & BTC: Rain☔️ Now, Sun ☀️ Next Week? Cloudy ☁️ and even rainy ☔️ trading conditions lie ahead for the global crypto market in the next 24 hours. This translates into a bearish market with downside risk.
Over a one-week horizon, the sun ☀️ should return indicating a slightly bullish market with upside potential for Bitcoin and Binance. The other altcoins won’t benefit from this change and will continue to be under pressure, ATTMO forecasts show.
Follow us for more crypto weather reports!
BNB's Next Bull Run: Targets of $2000-$3000 Unveiled in TABNB/USDT Technical Analysis: Short-term Bearish, Long-term Bullish
In this technical analysis of BNB/USDT, we will explore the current market conditions and provide insights into the potential price movements of Binance Coin (BNB) in the short and long term. Please note that this analysis is based on historical chart patterns and does not guarantee future price movements.
Current Situation:
At the time of writing, BNB is trading at $244, having experienced a 5% pump due to a recent Launchpad Sale. However, based on the chart analysis, the short-term outlook for BNB/USDT appears bearish.
Distribution Zone and Downside Potential:
The chart analysis indicates the presence of a green box, which represents a distribution zone. Typically, after such a distribution, a downward move can be expected, potentially leading to Wave 5. Considering this, there is a possibility of BNB experiencing a downward movement of 40-50% from the distribution zone.
Anticipated Buy Opportunity:
Based on this analysis, the author is waiting for a buy opportunity at the $100 level. It is believed that BNB/USDT may hit bottom around $100 and potentially bounce back strongly from this level. The author has identified three entry levels: $120, $101, and $80 (with below $100 being considered a bonus).
Long-term Bull Run Potential:
Looking ahead, the historical chart patterns suggest that BNB may experience a significant bull run in the future. The author believes that during the next bull market, BNB has the potential to reach a price range of $2000-$3000.
Target Areas:
To provide potential profit-taking levels, the author has identified several target areas:
TP1: $1000
TP2: $1500
TP3: $2000 (with 80% of positions to be closed at this level)
TP4: $3000 (with prices above $2000 considered as a bonus)
CryptoPatel Levels:
Lastly, the analysis includes key support and resistance levels:
Support: $220, $180, $100
Resistance: $333
Disclaimer: This analysis is for informational purposes only and should not be considered as financial advice. Trading cryptocurrencies carries risks, and past performance is not indicative of future results.
HelenP. I Binance Coin can continue rise after small correctionHi folks today I'm prepared for you Binance Coin analytics. A few days ago price bounced from the trend line and made a strong downward impulse to the support level, which coincide with the support zone, and even later declined lower. But soon, the price rolled up and rose to the resistance level, and then made a correction to the support level. Next Binance Coin rose higher of the resistance zone and at once made impulse down to the support level and a few time later declined below it. Then the price started to move up to the trend line, and after reaching it, the price bounced down to the support level. A not long time ago Binance Coin rolled up of support level and start to rise. I expect that price can make a little correction and then continue to rise to the trend line. When the price reaches the trend line, it will bounce a little down and then bounce up to the 250.0 resistance level, which is located at my target, thereby breaking the trend line. If you like my analytics you may support me with your like/comment ❤️
BNB Short-Term Review Resistance and Support Hello everyone, let's look at the BNB to USDT chart on a single day timeframe. As you can see, the price has fallen below the local uptrend line.
Let's start by setting the support line and as you can see the first support that is currently holding the price is $234.5, then the second is at the price of 232.5$, and then the third at the price of 230.9$.
Now let's move on to the resistance and trump BNB first has to break the zone from $237 to $238, then there is resistance at $239.5.
Looking at the CHOP indicator, we see that there is some energy left for the move, the MACD indicates an attempt to return to the local uptrend, and the RSI has approached the middle of the range, but there is still room for the price to rise.
BNB 220$ Is Next + trade Idea• BNB is trading in a range for the past 29 days.
• Range high is 252$, the range low is 220$ and the mid-range is at 235.85$.
• On July 6th BNB dropped below the mid-range and it is currently testing it as resistance. A failure to get back above the mid-range may cause s drop to the range low, maybe lower.
• The only way that I see for BNB to avoid the 220$ is if the market rips higher from now without a correction.
• There are two wicks on the daily chart at the 220$ region. Because BNB failed to generate upwards momentum, I consider a move below these wicks to gather liquidity likely.
• Long term, I think we will look back at this moment as a golden opportunity.
Support Levels:
• 230$
• 220$
• 204$
Resistance Levels:
• 236$
• 252$
Trade Idea:
• Entry: 221$
• SL: 216$
• Target: 256$
• TP: 236$, 257$, Leave some on the table.
• R: R: 1:4 to the first TP.
Binance Coin can exit from pennant and bounce up to 240Hello traders, I want share with you my opinion about Binance Coin. By observing the chart, we can see that price a few time ago bounced from the seller zone, which coincide with the resistance level, and made an impulse down below the buyer zone, which coincide with the support level. After these movements price tried to rise, but failed and later declined to support line, where at once it started to rise. BNB rose higher of the seller zone, breaking two levels, and soon reached the resistance line, and then the price bounced and made a strong impulse down to the support line of the downward pennant, thereby breaking past the support line and resistance level. But a not long time ago price bounced up to the resistance line, where it continues to trade to this day. In my mind, Binance Coin can fall to the support line again and then bounce up and break the resistance line. After this, the price can make a retest and then continue to move up, therefore I set my target at the 240 level. Please share this idea with your friends and click Boost 🚀
Is BNB Heading for a Downtrend? ☔️The sun will continue to shine over the global crypto market 🌞 , overall signaling a slightly bullish market with upside potential in the next 24 hours. Binance and XRP ☔️ buck this positive trend, with a downtrend likely.
Over a one-week horizon, the forecast is mixed with the positive trend continuing for Bitcoin. Other altcoins, such as Ether, Dogecoin, XRP, and Litecoin, may face cloudy days ☁️, indicating a bear market with a slight downward trend. 📉
Follow us for more crypto weather insights!
BNBUSDT - Maybe price can bounce up, thereby exiting of channelHi guys, this is my overview for Binance Coin, feel free to check it and write your feedback in comments👊
A few days ago price declined below $255.5 level, which coincide in resistance area and fell to support line of triangle.
Thereby BNB broke support level with area, but soon it made impulse up to resistance line.
Next price declined to support line again and then rise to resistance level, exiting from triangle.
Then price started to decline to support level and after it reached it, BNB at once bounced up and entered to rising channel.
In channel, price reached resistance area again, but recently it rebound and fell to support line of channel.
Maybe Binance Coin can bounce of support line and start to rise to $255.5 resistance level, thereby exiting of rising channel.
If this post is useful to you, you can support me with like/boost and advice in comments❤️