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Binance-Coin, Descending-Channel, Breakout Potential!Hello, Welcome to this analysis about Binance-Coin and the 4-hour timeframe perspectives. In recent times a dispute between Elon Musk and CZ Binance came across in which CZ Binance is accused by Elon Musk of not handling the exchange right and that the issue with dogecoins that can not be withdrawn from the exchange is "pretty shady", well since these suggestions actually Binance-Coin the exchange-own cryptocurrency by Binance bounced in the structure and is now in quite an interesting constellation, therefore I discovered all the important levels and upcoming determinations we need to consider with Binance-Coin and the established structure, upcoming determinations, and target-projections when this pivotal formation completes. As when looking at my chart we can watch there how Binance-Coin is building this major descending-channel-formation with several bounces within this formation and recently Binance-Coin bounced to the upside to test the upper-boundary of this main descending-channel together with the 600 USD resistance marked in my chart in orange. This will be a decisive development because when Binance-Coin manages to bounce finally above this upper-boundary this local ascending-channel will be completed as well as the descending-channel-formation with a bounce to the upside which will activate upper-target-zones and the 690 USD level marked in blue will be a likely projection to be appointed in this case. Taking these factors into consideration Binance-Coin is forming quite an interesting and worthwhile formational structure here that can show up with some determining potentials ahead of the upcoming times. In this case, for now, it will be important to await the final breakout before moving into the direction and coming to further conclusions as it is always necessary in such cases. Once this breakout happened and Binance-Coin has the ability to move forward with it to reach out to the target-zone the situation needs to be elevated anew and Binance-Coin needs to show if it manages to continue forward or a reversal emerges, it will be an important development ahead. In this manner, thank you for watching the analysis, it will be great when you support it with a like, follow and comment for more upcoming market analysis, all the best! "Good fortune is when opportunity meets preparation." Information provided is only educational and should not be used to take action in the markets.
by VincePrince
4
Bitcoin: Reserve RiskReserve risk shows us the risk-reward balance which correlates to the confidence and conviction of long-term holders. The ratio between the current price of the coin (intention to sell) and the reaction of long-term holders (opportunity cost of not selling). When Reserse Risk is LOW, means that HODLer conviction is high and they refused to spend their coins, therefore it is a good time for investment. However, when the high reserve risk gives us a signal of increased incentive of sell. By looking at the picture below, we see that every bull peak shows us the incentive to sell the coin, more people are selling into the market strengths. In plain, the periods of overvaluation are usually short when long-term holders gain some profits by spending their coins. While bear market traders show bear behaviour and this period lasts longer where people accumulate coins, periods of undervaluation usually happen in the second half of the bear market. As shown on the picture above, strong hands still hodl their coins and refuse to sell. Consider current short term bear period as a strategic profit taken by smart money.
Long
by Elias-Lo
1
LCDP ready to startFor several days I have been buying the Spanish project LA CASA DE PAPEL #LCDP on BSC on Pancake Swap. These are coins associated with the emerging game. The creators are not associated with Netflix but the game will be inspired by the series. The price of the coin is very low due to marketing that is just beginning. The token was already pumped by listing on CG and CMC. The number of available coins is 2.25B and due to its economy it is constantly decreasing. The tax is 6% (2% for marketing, 2% for holders, 2% is burned). My TP long term is a minimum of $2. The investment risk is of course high, but the potential profits are huge. Mathematics shows the potential for a price of $34. The project will be promoted on YT from tomorrow.
L
by daszkiem
2
What happens in BTTUSDT ? ? ?Hello As shown in the chart. First, we have a pillar, which is the yellow resistance, which I do not expect to reach, because we successfully broke the orange and green resistance on March 20, 2021, and I was one of the analysts who would benefit from this rise, but I did not sell until the hour. After that, you will be our bullish pennant. I want to explain to you what is the meaning of pennant from the original: Pennants are continuation patterns where a period of consolidation is followed by a breakout used in technical analysis. It's important to look at the volume in a pennant—the period of consolidation should have lower volume and the breakouts should occur on higher volume. -N° 1 : When Bullish pennant formed for us, it rose but was unable to break the violet resistance and formed the graph shown in N°2 -N°2 : which is Bearish pennant, which means a strong descent, which led to breaking the red resistance, which was very strong, and then breaking the green resistance with ease. But he was not able to break the orange resistance, which formed us a slanted ascending resistance, and this is a positive thing, as he tried to test the red resistance twice, but failed and returned to the upward slanted resistance. As for myself, I have not sold since April 1, 2021, but with this analysis I will repurchase because I notice a strong accumulation and an opportunity to buy. I hope that my analysis is clear and the explanation is clear. If you have any question, put it in the comment, and do not forget to support my channel and subscribe. Thank you ♥️
BLong
by ELHABARSAAD
2
ALGOUSDT TECHNICAL ANALYSIS 13112021What Are Fibonacci Retracement Levels? Fibonacci retracement levels are horizontal lines that indicate where support and resistance are likely to occur. They stem from Fibonacci’s sequence, a mathematical formula that originated in the 13th century. Each level is associated with a percentage. The percentage is how much of a prior move the price has retraced. The Fibonacci retracement levels are 23.6%, 38.2%, 61.8%, and 78.6%. While not officially a Fibonacci ratio, 50% is also used. from investopedia. No investment advice...
Long
by volkancetin
Binance Coin price analysisThe Binance Coin price analysis shows that after failing to climb above the $680 mark, the sellers broke the $650 support level as BNB returned below the $620 mark. Currently, the price is moving towards the $610 mark as the selling continues. The broader cryptocurrency market has observed a bearish market sentiment over the last 24-hours as most major cryptocurrencies record negative price movements. Major players include DOGE and DOT, recording a 6.83 and a 5.86 percent incline, respectively.
BINANCE:BNBUSDLong
by ExpressTradeAcademy