Binance Coin BNB Price Targets after Ethereum Shanghai upgradeEthereum’s Shanghai upgrade is scheduled to launch on April 12.
The upgrade will make more than 18 million ether, worth approximately $34Billion, withdrawable, possibly causing a sudden crypto market supply dump.
This is my scenario for Binance Coin:
BNB/USDT short
Entry Range: HKEX:315 - 325
Price Target 1: FWB:295
Price Target 2: HKEX:265
Price Target 3: HKEX:240
Stop Loss: $350
BNBUSDT
BNBUSDTHello Crypto Lovers,
Mars Signals team wishes you high profits.
This is a one-day-time frame analysis for BNBUSDT
Here we have R4, R3, R2, and R1 as the resistance areas that express the price was not able to rise at different points. And S1 is a support line and S2 is our long-term support area in this chart containing the support of price even since the past. Therefore, we have the price fluctuating over S1 area after being supported at several points by this line and we can see its fourth rising behavior is done. We expect it to reach S1 again and have another rise by having some rising signs and more fixation and support there. So we would wait for an increase up to R2. Subsequently, via receiving some confirmation candles to rise, an increase would take place for the price to break R1 upward and even move rise toward R2 area would happen in case the price is supported at R1. Clearly while we have the fluctuation of price over S1, there is a low possibility of price to face a decline. But if the price is not supported, more fall is predicted there for it to touch lower amounts. We suggest you to put your stop-loss point below our first support area for not losing more profits and experiencing more logical trades. Please do not forget to wait for some signs such as confirmation candles in order to make sure of what will be your next movement and then act wisely.
Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.
Wish you luck
BNB Long-TermBNB can goes up to 23k levels. It seems impossible when the market cap calculation is made, but we are in a system where unlimited dollars are printed. Considering that the price can be inflated with leveraged positions and the supply is reduced by burning, this seems quite possible. The current financial system didn't prevent BNB from going from 7$ to 600$, it made it possible. Nothing has changed since then.
BNBUSDT, Multi timeframe analysis to invest. Binance coinHello guys. Everything is explained on the chart for you like always, I think that BNB is a prestigious and unique coin. After decreasing phase, the price is in the accumulation phase and the ascending phase will start soon. So two good points to buy as a investment are 260$ and after breakout and pullback at 340$. You can consider it and monitor the price's actions in the circle to buy it.
Observe the capital management and stop loss for any unforeseen event in the market.
Good luck
If you like the idea, do not forget to support with a like and follow me for next analysis :)
Write your comment and opinion below for me
.
Salam doostan aziz, hame chiz rooye chart moshakhas shode be dide sarmaye gozari boland modat baraye harkat soodi movaghate market. gheymat baad az faaz nazooli varede faaze anbaasht shodeh va bezoodi faaze soodi shoro khahad kard. pas 2 noghte kharide khoob rooye hemayat 260$ va ya baad az kharej shodan az anbaasht va pullback be 340$ hast. raftar gheymat dar dayere ha ro darnazar begirid. lotfan modiriyat sarmaye va hade zarar baraye har etefagh dar bazar ro ra'ayat konid.
moafagh bashid.
like va follow faramoosh nashe :)
Binance Coin: oversold side is coming?BNB is still influenced by the negative news surrounding Binance exchanger. CFTC charges are still in the spotlight of market interest and its potential impact on further business of the Binance. Until this dispute is finally resolved, BNB`s price will be suppressed, without much moves to either side. It is positive that the price manages to hold above the $300 support line, however, charts are showing potential for further pressure to the downside.
The price of the coin did not move much during the previous week. Lowest level reached was HKEX:299 but only on one occasion, after which, the coin returned to previous levels, oscillating around HKEX:310 level. Major development during the previous week was with the RSI indicator, which crossed the 50 line and headed toward the oversold side of the market. The indicator ended the week at level of 47. Moving averages of 50 and 200 days continue to move as two parallel lines and still holding the Golden cross occurred some time ago.
As already mentioned, due to negative news about Binance exchanger, the price of BNB will be suppressed during the forthcoming period of time. If current HKEX:310 level continue to hold then the price might shortly test $320. On the opposite side, support line at $300 might be also tested again.
BNB/USDT 1HInterval Resistance and Support SHORTTERMHello everyone, let's look at the BNB to USDT chart on a 1-hour timeframe. As you can see, the price is moving below the local downtrend line.
Let's start with the support line and as you can see the first support in the near future is $311.8, if the support is broken then the next support is $308.6, $306.1 and $303.6.
Now let's move to the resistance line, as you can see the first resistance is $313.8, if you manage to break it, the next resistance will be $316.3. $318.4 and $320.4.
Looking at the CHOP indicator, we see that there is still energy left for further movement, the MACD indicates a local uptrend, while the RSI shows a large increase and a temporary price rebound.
BNB/USDT 1DInterval Targets and StoplossHello everyone, let's look at the 1D BNB to USDT chart as you can see that the price is moving below the local downtrend line.
Let's start by setting goals for the near future that we can take into account:
T1 = $317.4
T2 = $322.8
T3 = $328.3
T4 = $336.1
AND
T5 = $346.5
Now let's move on to the stop loss in case the market goes down further:
SL1 = $305.9
SL2 = $396.1
SL3 = $282.8
AND
SL4 = $265.1
Looking at the CHOP indicator, we see that there is still a lot of energy on the 1D interval, while the MACD indicator indicates that it will remain in a downtrend. The RSI indicates that it is trying to break out of a downtrend at the top.
BNB is going to do a bullish movement pretty soonBNB has created a bullish pennant pattern which means It's about to do a bullish movement which is great for bulls. The break out has not happened yet. When it happens the price shall increase as much as the pennant's pole. Note that there are 2 resistances along the way. One sits around 355$ and the other is around 380$( big resistance which should give difficult time to bulls)
_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
🌍Thank you for seeing idea .
Have a nice day and Good luck.