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Bnbusdtlong

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
💡Don't miss the great buy opportunity in BNBUSD @binanceTrading suggestion: ". There is a possibility of temporary retracement to the suggested support line (306.29). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . BNBUSD is in an uptrend, and the continuation of the uptrend is expected. . The price is above the 21-Day WEMA, which acts as a dynamic support. . The RSI is at 56. Take Profits: TP1= @ 328.34 TP2= @ 345.11 TP3= @ 379.15 TP4= @ 429.71 TP5= @ 485.97 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Forex / Crypto trader? Now, It's your turn! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️ HighAccurate forecast for
Long
by ForecastCity
5
💡Don't miss the great buy opportunity in BNBUSD @binanceTrading suggestion: ". There is a possibility of temporary retracement to the suggested support line (306.29). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . BNBUSD is in an uptrend, and the continuation of the uptrend is expected. . The price is above the 21-Day WEMA, which acts as a dynamic support. . The RSI is at 57. Take Profits: TP1= @ 328.34 TP2= @ 345.11 TP3= @ 379.15 TP4= @ 429.71 TP5= @ 485.97 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Forex / Crypto trader? Now, It's your turn! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️ HighAccurate forecast for
Long
by ForecastCity_World
23