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BNB Analysis Bulls taking over ?Hello everyone, as we all know the market action discounts everything :) _________________________________Make sure to Like and Follow if you like the idea_________________________________ The Binance coin has turned Bullish in the last few days as we see the coin price has rallied from 263.67 and reached 356.19, The coin price right now is trending near the first resistance line at 363.63 which can show us 2 types of scenarios for the movement of the market for the next period of time. Scenario 1 : The coin will break the first resistance line and close above the first resistance line at 363.63 which confirms the Bullish turn that the market is under right now, after the market price closes above that resistance line the bull will show more support for the trend and the price will probably keep going up until reaching the second resistance line at 382.58, where the Bulls will test the Bears power and the outcome will determine the movement of the price for the time follows. Scenario 2 : The coin will reach the first resistance line at 363.63 and a battle will happen between the Bulls and Bears over control of the market action, if the Bulls were to win then Scenario 1 will probably happen, but if the Bears increase their power and take that control back then we will see the price drop down from the resistance line and its gonna be headed to the first support line at 329.36 where the bears will test the power of the bull and who overtakes control will drive the price of the coin up or down if the Bears were able to keep that control then the risk for a Big Bearish movement is real Technical indicators showing a Bullish state in the market where we see that : 1) The market price is moving above the 5 10 20 50 200 MA and EMA ( Bullish sign) 2) The MACD crossed the zero line indicating that the market went into a Bullish state with a positive crossover between the MACD line and the Signal line. 3) The ADX at 33.06 showing that the market is trending with a positive crossover between DI+ (16.77) and DI- (6.16). Support & Resistance points : support Resistance 1) 329.36 1) 363.63 2) 302.54 2) 382.58 3) 287.42 3) 429.03 Fundamental point of view : The leading cryptocurrency exchange is winding down its futures and derivatives products across Europe, starting in the Netherlands, Germany, and Italy. Binance culls another of its products amid ongoing regulatory scrutiny. Binance is cutting its derivatives products in European countries. The exchange announced the update Friday, confirming that the change would initially affect those in the Netherlands, Germany, and Italy. Though no other countries were mentioned in the announcement, the exchange noted that it would be stopping derivatives “across the European region.” The announcement added that the European region is “a very important market” for the exchange, and acknowledged the region’s “proactive steps towards harmonizing crypto regulations.” The exchange confirmed that customers in the Netherlands, Germany, and Italy would be unable to open futures or derivatives accounts with immediate effect. Binance’s derivatives products include perpetual, futures, options, and leveraged tokens. The update is only the latest in a series of steps Binance appears to be taking to appease regulatory officials. This month, the exchange has reduced its leverage limits from 100x to 20x, reduced its daily withdrawal limits for unverified users, launched a tax reporting tool, and halted its tokenized stocks offering. The changes follow weeks of intense scrutiny from regulators worldwide. The U.K., Singapore, Japan, and Italy have all expressed concerns with Binance’s practices in recent weeks. In response to the pressure, Binance CEO Changpeng Zhao has affirmed his intention to meet regulatory requirements. He penned an open letter on the subject earlier this month, before suggesting that he would like to hire a contingent CEO with a strong compliance background. According to Crypto Briefing This is my personal opinion done with technical analysis of the market price and research online from fundamental analysts for The Fundamental point of view, not financial advice. If you have any questions please ask and have a great day !! Thank you for reading.
BINANCE:BNBUSD
by GabiDahduh
BNBUSDT Triangle FormationBNBUSDT Technical analysis Update BNBUSDT currently trading at $312 Symmetric Triangle Formation BNB 30% up from the bottom after big up move i's consolidating from four days and formatting symmetric triangle, I'm expecting BNB up trend will continue... Buy level : Above 316.00 Stop loss: $304.00 TP1: $322.00 TP2: $332.00 TP3: $340.00 TP4: $360.00 ALWAYS KEEP STOP LOSS Note: please do your own research before investing. Never invest money that you can't afford to lose.
Long
by HexaTrades
1
BNBUSD Seems to Bullish BUY!Binance coin BNB is now ranging its powerful support position after the Bitcoin surge. As we know, BNB is one of the biggest blockchain networks and day by day, It's getting more attention BNB will come back from its worst situation for sure by the time being. On the other hand, Binance is the world most popular crypto exchange right now. Binance CEO Changpeng Zhao (CZ) is a promising guy to me, and he won't stop in his current position as the world and technology is growing each second. So we are going to open a long position from the current price and keep hold tight.
Long
by PipsWin-com
BNB 1D What happens to the price, what next long or falling?The price of BNBUSDT could not be fixed above the important level of $438 After that, there was again a price drop in the liquidity zone of $215-230. A positive factor is that the price of BNBUSD did not update the minimum, as did the price of BTCUSDT In the coming days, the BNBUSDT price may rise to the level of $380, then we will need to closely monitor the behavior of the price. If the strength of buyers is convincing, the price will be able to rise above $380, but only after fixing above $438 can we confidently say about the continued growth to $625 per BNB Do not overlook the possibility of lowering the price of BNBUSDT once again to the liquid zone of $215-230. If there buyers once again activate a strong buyout, it will be possible to assume that the big long position is typed, the purpose of growth for which will be updating of a maximum with the first purposes $815-890 Fixing the BNBUSD price below the $215-230 liquidity zone will pave the way for a drop to $115-140 _______________________________ Since 2016 , we have been analyzing and trading the cryptocurrency market. We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05% . If we help you to be calmer and richer - help us to be happier :)
by P_S_trade
38
BNB 1D A little positive, growth is possibleConsider the BNBUSDT chart on the daily timeframe The May drop in BNB price stopped in the $215-230 liquidity zone, which we noted as an important target in the previous idea. After that, we got an almost 100% bounce of the Binancecoin price upwards. Is this the end of the upward bounce? We hope not. In the coming days, we expect another upward impulse in the price of BNBUSDT to the area of ​​$530 After that, I would like to see a correction, but not deeper than $350-380 We think that it is in this liquid zone that the future of the further strong price movement will be decided. 1) The first option is a movement from the consolidation of $350-380 and upward with a renewal of the maximum to the area of ​​ $820-890 to begin with. 2) The second option is the aggression of sellers, negative news background in general on the crypto market. Then it will be difficult to stop the fall in the zone of $215-230, and below we have zone $115-150 _____________________ Since 2016, we have been analyzing and trading the cryptocurrency market. We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer - help us to be happier :)
by P_S_trade
39
BNB, Binance Coin - don't buy coin before that ❌I see only one scenario when I'll buy BNB. We have a clear resistance line at 387.6. Only if the price starts squeezing near to the level, I will ready to buy it after breakout and retest. Write in the comments all your questions and instrument 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
by Yuriy_Bishko
12
BNBUSDT Entry Support and resistanceBNBUSDT Entry 1st entry 299 to 277 worst case scenario btc support reject market down trend 247 to 220 All investment strategies and investments involve risk of loss. No Investment Advice The information provided on this chart does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the charts content as such. I'm not recommend that any cryptocurrency should be bought, sold, or held by you. Do conduct your own due diligence and consult your financial advisor before making any investment decisions. Accuracy of Information i will strive to ensure accuracy of information listed on this chart although it will not hold any responsibility for any missing or wrong information. i provides all information as is. You understand that you are using any and all information available here at your own risk.
by JUSTWONIN
BNB 12h Action Plan for the coming weeksYesterday on the cryptomarket clearly reminded everyone what a crypt is and that, in addition to growing, it can also fall very strongly. Because a year of non-stop growth in the crypto market dulled the feeling of fear, caution and discipline in traders. Now to BNBUSDT In the previous global idea BNBUSDT, we wrote targets from above and the price did not reach $30 to the first of them, the maximum was $691 with a target of $720 And then the problems began, and we warned that below $400 for BNB would be very painful for a deposit. In general, the price of BNBUSD fell by -45% yesterday and this is the average result of yesterday's fall on the cryptomarket, because some alts showed and -60% -75%. BNB price reached the first liquid level of $275 and bounced briskly, below we had $210-230. And a few days ago there was a short-term idea and here is its development: If we look at the BNBUSDT chart today, you can see that buyers managed to close the bodies of two 12h candlesticks within the channel, and the lower shadows indicate liquidations. This arrangement makes it possible to assume that the price BNBUSDT will bounce up to $480 in the near future , and then it will be necessary to closely monitor the behavior of the price and the general situation on the market. After all, further, the price behavior around the $400 level will again be decisive. If sellers are able to keep this level, then the way will open for growth again to $680 If the level of $400 does not hold back the onslaught of sellers and possible negativity in the market, then from below it will already be necessary to focus on $140-145. _____________________ Since 2016, we have been analyzing and trading the cryptocurrency market. We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer - help us to be happier :)
by P_S_trade
24