BNB, VOXEL Analysis TF15M - 27 Feb 2022BNB, VOXEL Analysis TF15M - 27 Feb 2022
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BNBBULLUSD trade ideas
$24 million worth of BNB tokens burned since the BEP-95 upgrade,BNB’s trading volume saw an increase of 26% in the last 24 hours.
50,000 BNB has been burned since the BEP-95 upgrade.
This can lead to an increase in the value of the BNB token.
The BNB BNB/USD token is a cryptocurrency intended to be used as a means of trading and paying the fees on the Binance cryptocurrency exchange.
It was initially created in July of 2017 and was called Binance Coin, prior to the renaming to simply being known as BNB.
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Binance Coin, XRP, and Solana PlummetIn times of turmoil, investors have turned to low-correlation assets, which cryptocurrencies were supposed to be.
$24 million worth of BNB tokens burned since the BEP-95 upgrade,BNB’s trading volume saw an increase of 26% in the last 24 hours.
50,000 BNB has been burned since the BEP-95 upgrade.
This can lead to an increase in the value of the BNB token.
The BNB BNB/USD token is a cryptocurrency intended to be used as a means of trading and paying the fees on the Binance cryptocurrency exchange.
It was initially created in July of 2017 and was called Binance Coin, prior to the renaming to simply being known as BNB.
Binance Coin, XRP, and Solana PlummetIn times of turmoil, investors have turned to low-correlation assets, which cryptocurrencies were supposed to be.
AI's BNB Short of Rising Wedge: $360, $340 in 48hAI analyzed:
Volume is falling.
Price is overbought.
Trend is bearish.
Pattern is rising wedge.
RSI shows bearish divergences.
TPs: $360, $340.
Timeframe: 48h.
Binance Coin PlummetToday, it's an absolute bloodbath in financial markets. Besides bonds, which are doing OK, stocks and cryptocurrencies are getting absolutely ravaged by the news of the Russian invasion of Ukraine yesterday evening. At noon ET, top-10 cryptocurrencies Binance Coin ( BNB ), XRP ( XRP -1.99% ), and Solana ( SOL 5.88% ) had dropped 9.4%, 10.7% and 6.1%, respectively, over the past 24 hours.
Binance Coin Prepares For Correction (25% Drop Ahead)Binance Coin (BNBUSD) is heading lower while aiming to hit below $450.
The correction already started and we have huge bear volume.
The MACD shows plenty of room available for additional drop.
The market moves in waves... Up and down, up and down.
We had a bullish wave for the major altcoins, now we are looking at a bearish wave.
Be ready.
It will last a few weeks or a few months at most and then we resume the growth.
Namaste.
Hedging, shorting, call it whatever you wantTake advantage of every opportunity, bullish long term but bearish short term (3 to 6 months).
Trade strategically
BNB between a rock and hardplaceBNB dropped out of the great HTF triangle and did a failed retest and was rejected by the 4H 200ema. Now price is squeezed below the former range support and the LTF ascending channel support. Likely will break down to the lower range support as the RSI has already broken its trendline.
great buying oppurtunity!BNBUSD is a great buying oppurtunity at this price level for long term. We just opened a "no leverage" long term investment on the Binance coin since we strongly believe in the future of this coin.
We do not offer any financial advice and are not responsible for your actions. We strongly suggest you to do your own analysis before entering any trade.
BINANCE USD (BUSD) IS AT A CRITICAL LEVEL TO NOTE.
BUSD all time high has occurred twice leading to formation of a relative M pattern.
BUSD retracement is currently at about 40% from the beginning of the BULL RUN that led to the last all time high (ATH).
This asset has been retracing, hitting and retesting the FIB levels as displayed on my TA (chart).
BUSD is currently sitting at $400, FIB 61.8 level, horizontal TL and they are all my support level (zone).
My opinion:
1. Continue bullish run to $440 zone
2. Break the current Support zone and run down to my target buy zone @ $360 - $340. This my target is also at the beginning of the neck of the M-pattern.
I will wait to add more to my portfolio at around my option 2.
KINDLY SUPPORT ME WITH YOUR LIKES, COMMENTS AND FOLLOW.
BNBUSDT Short IdeaLooking at this trend line, we will notice it is self explanatory but for the benefits of more clarity we will offer little analysis to back it up. We can see the bearish trend channel from the top of 700 down to the level of 446. This particular pair attempted a reversal at around 400 zone on the 15th of February 2022 but got rejected again forming a local double top at 446 after having previously tested the 330 support zone. The next support zone is the 336 level but however it is not expected to hold for long based on the antecedent of the trend line and the overall not so favourable macro outlook for the entire crypto market.
Taoheed Adeshina Nafiu.
Disclaimer: The information provided by OlaoneFx is for educational purposes only and should not be treated as investment advice.
Break of structureBNBUSD: Binance coin has broken out the regression trend: LONG with a stoploss below the the trend line.
bnbusd weeklywell it looks like ascending triangle formation in play for now but best bet is to wait until it push himself above 660 usd...
what i see above 660 usd bnb might give u a 2x or 4x profit...
of coruse it can make you crazy with sideways before 660usd
BNB Price Prediction: Bearish to 336, as long as 465 maintainedHow did BNB price perform last week?
Binance Coin failed to sustain a break above the key weekly 23.6% Fibonacci retracement resistance at 415 and formed a shooting star-like bearish candle.
TA wise, what can we expect from BNB this week?
The bearish bias remains intact, underpinned by the downtrend line and bearish momentum. The bears are expected to strive for the tested support at 336. Persistent bearishness would lead a further drop to the psychological support at 300.
To avoid the bearish fate, the bulls must surpass the resistance confluence at 465, formed by the downtrend line and the 38.2% Fib retracement.
FA wise, what can drive the price to the anticipated targets?
The recent investment of $200 million in Forbes, a non-core business for Binance, should raise investors’ eyebrows. Companies flushed with cash but with little idea on the future direction of growth usually follow this path, i.e., investment in non-core businesses, towards value destruction.
BNB short idea - Head & Shoulder breakdown BNB has broken down from a head & shoulders top formation below the neckline at $407. Targets of the pattern should project a move to approximately $373. We are consolidating underneath the neckline in the form of another bearish flag formation which generally see's price action break down further. Nice risk reward ratio here as you can place your stop loss just slightly above the neckline @ 407 for a risk-reward of approximately 6x.
