Binance Coin Monthly DemandIn this Monthly Timeframe of BINANCE:BNBUSDT It is clear that there is no demand seen and can be a freefall going to $40-$35 price. Along with the FUD (Fear, Uncertainty, and Doubt) that is going on around Binance and CZ... This could materialize. Time will tell. by xCryptoFutures221
BNB is creating the distributed patternBNB could start the plunge from 340 dollars and after it lost 180 dollors.Shortby HarmonicPitchforksUpdated 7
bat harmonic pattern in the distributed patternbat harmonic pattern has three targets: 1.6BC=$100 0.88XA=$43 2.6BC=$30 so BNB could reach $30 in 3rd wave and could react to $100 and $43 before reach $30.Shortby HarmonicPitchforks2
BNB SWING if binance will come out from all the surounding FUD then this whould be my TRADE SETUP for BNB Longby AZTRADER80
BNB Price Update: Inspecting a Rare Flat Corrective PatternBinance Coin's (BNB) weekly chart printed a long-term corrective flat pattern following the sell-off from May 2021 all-time high. This is rare corrective pattern, so let’s review this pattern and why $200 is the most significant BNB support level. BNB Regular Flat Based on the Elliott Wave theory, a flat pattern is a 3-wave corrective pattern with a 3-3-5 internal wave structure. Down from the all-time high of $704, wave A ended at a $211 swing low, and the corrective wave B ended at a $696 swing high. Third wave C has been unfolding down from the $696 swing high in what is almost always a 5-wave structure. Here we can note an exciting price development: while wave C already extended beyond the wave A low, the internal subdivision only shows 4 waves. Usually, the last wave in a 5-wave sequence breaks beyond wave 3, but sometimes the fifth wave fails to move beyond wave 3 in an anomaly known as a truncated fifth wave. This makes the whole BNB corrective pattern extremely rare. BNB Support Level The $200 level plays a major role in the whole flat pattern because, on a weekly closing basis, both wave A and wave C couldn't break below that level. While wave C extended towards the $183 low, it could not break the $200 support. In the short term, as the price approaches the apex ($200 support level), the 20-month corrective pattern may be near its completion phase. by cryptohopper1
BNBVery simple - very clear The next downside will begin soon This is my personal opinion. Please do not trade based on my analysis and data.Shortby Mahdi-MAUpdated 224
BNBUSD Short-term buy signal using Bollingers and RSIThe Binance Coin (BNBUSD) is on a short-term rebound after it broke below its Bollinger Bands on the 1D time-frame. Since May every time that happened while also the RSI rebounded after breaking into oversold territory (below 30.000), the price rose by at least +30%. Such rise will put BNB at $286.50 near the top of the Bollingers. ------------------------------------------------------------------------------- ** Please LIKE 👍, SUBSCRIBE ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support me, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- You may also TELL ME 🙋♀️🙋♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁 ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇Longby TradingShot4411
Binance Coin (BNBUSD): Time to Sell?! Binance coin has recently broken and closed below a key daily structure support. Retesting the broken structure, the price formed a head & shoulders pattern on 4H time frame. We see a retest of the pattern's right shoulder now. I believe that the market will start falling soon. Goals: 225 / 220 ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️Shortby VasilyTrader5511
Binance Soars Towards $800 Despite Widespread FUDBinance, a giant in the crypto ecosystem, is gearing up for an important run as it looks towards a new all-time high. With much speculation around a recent audits and interviews, price action is seemingly unaffected as buyers continue to load up on the dip. Interpreting the price action from BNB's all-time low, I believe that it is due to test the $800 mark (or come damn close to it) at some point late in 2023 or early 2024. Considering this pending upside wave as the last in its first cycle (Wave 5), I too fully expect for Binance to make a tremendous drop afterwards. Making a 32637X move from the lowest price point ($0.00) to the highest (believed to be $800 roughly), at minimum , Binance should drop towards the 38-50% fib levels . 61.8% and 78.6% are also very commonly seen under these circumstances. As a Binance investor, I would personally begin to look for sells/exit near $800. As a user, I would consider switching to another broker or to cold storage. Typically when crypto brokers suffer these sort of sizeable setbacks, withdrawals are frozen. Itll be very interesting to see how this plays out over the next 1-3 years. Until next time, stay safe and whatever you do, don't drown. Surf!by DigitalSurfTrading443
Binance Coin: stress test is over?Questioning about Binance`s business involvement with collapsed FTX has been in the news spotlight during the previous week. This was very negative for both Binance and its main coin, BNB, as investors and traders moved significant amounts of funds from the exchanger. Based on official information from Binance representatives, it seems that the company managed to overcome time of extreme stress. In this sense, it could be assumed that the price of BNB could calm down soon. BNB started the previous week above level of $280 but the news soon hit the market, so during the whole week the coin was traded in red. Lowest level was reached at Saturday`s trading session around level of $220. However, during this time, buying orders started to emerge, and BNB is ending the week above $230. At the same time RSI was pushed to the oversold side of the market, which implies that the bottom of the latest round is over and that it is time for a short reversal. Regardless of the latest move, moving averages of 50 and 200 days continued their road as two parallel lines. Looks like the golden cross from the beginning of November is still not affected by the latest negative news, which is positive for BNB. After significant news hits the market, it takes a few days for the market to calm down. In case that selling orders for BNB continue to emerge, the price might go down to the $200 support line. On the other hand, some short reversal might be expected, considering that RSI reached a clear oversold side. In this sense, it could be expected for the price of BNB to revert up to the level of the $250 resistance line. Whether the price could return back to the level of $300 is under question at this moment. by XBTFX4
BNB testing the weekly 200 average📈 On the weekly chart the price is testing the exponential 200 average 🚨In case the scenario continues to be bad, the price could retest the bottom in the blue 🟦 region, going at $ 183, in a 27% drop. 🚨🚨 In an even worse scenario, it could test further down the 🟩61.8% retracement (between $150, $117) and 🟨50% retracement (between $100 and $67). 📈Looking at the daily chart, if the price breaks the orange 🟧rectangle that goes from $250 to $260, we could have a return to the average of 200, at the price of $300: 📰🤥News, FUD, and my reflections Amidst FUDs that the exchange is not able to honor customer withdrawals, and about the disappearance of the audit firm, the token was one of the ones that dropped the most against tokens from centralized exchanges: 💸 Because of this, there was a record of withdrawals, and this moment is proving to be a great stress test: 📈However, as I analyzed above in the chart, everything is still normal, and even if the price drops further, it would be a perfectly normal correction. Also, exchanges earn from transaction fees, not the price of tokens. 💬 The narrative of the traditional market and the mainstream media is that 'It is necessary for exchanges to prove that they are capable of honoring cryptocurrency withdrawals'. 🤔 So I ask them the question: ❓Are banks able to honor cash withdrawals? 👨👨👧👧Population: Take a test and withdraw all the money. Now. 🚔See if a war tank appears to protect the bank... 🤡 The difference between Credit Suisse and Binance is that Credit Suisse can break because the government protects it. I think this is all one big narrative to manipulate the price. Or an ideal pretext for creating regulation, and for banks to have a monopoly on controlling money.by andre_007Updated 1
BNBUSD Why it is perhaps the best investment you can make nowThe strong pull-back on Binance Coin (BNBUSD) since the November 27 High (which was a Lower High of the Nov 08 FTX crash) seems to have come to an end as the 1D RSI breached below the 30.000 oversold barrier and is rebounding. This is identical in price action to the June low formation which resulted into a bottom that kick-started a rise to the previous Lower High (now Resistance). Even the price action prior to the November 08 High resembles the sequence prior to the April 05 High. In fact both of those highs were made a little over the 1W MA50 (red trend-line). In any case, every time the 1D RSI drops below 30.000 and then rebounds, it is a strong buy signal on the medium-term. See also the symmetrical trend-lines that have formed first Support (green) and later Resistance levels (red). The time that BNBUSD may turn into a long-term buy (always as long as the 1W MA200 supports (green trend-line), maybe approaching as the upcoming 320.00 Resistance (Nov 27 High) test will break the 1W MA50 again (something that didn't happen on the August 10 High). If the fractal continues to be repeated, then the next curve pattern will peak significantly above the 1W MA50, thus turning the Binance Coin into long-term bullish territory. Perhaps the best time to buy BNB is now, we believe it will be one of the best investments of 2023. ------------------------------------------------------------------------------- ** Please LIKE 👍, SUBSCRIBE ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support me, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- You may also TELL ME 🙋♀️🙋♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁 ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇Longby TradingShot7723
Hard time for BNBAfternoon all , I see hard time for bnb This is the H4 timeframe that I draw and we see in the Bearish perspective.Shortby pushappathania27220
Binance looks like FTX. The BNB coin looks like it will follow FTX based on the chart. IMO there is no way this will not hit $40 and probably $20. All rallies are sold and the bearish wedge is following ftx pattern, I own no BnB or have ever owned any, this call is based on the chart alone.Shortby BiduMadeMeRich115
BNB/USD: short positionBinance Coin show us a nice setup that may to develop in this trade to take this perspective to short BNB. This it's the H4 timeframe that I see and we see a in the bearish perspective. Good luck I put a sell order place in $241.40 USD and SL to $254 USD and take profit to $207 USD Shortby harisonhbn9718116
The Future of Binance?Will we see a 90% drop here? There's reason to think this company has some issues. We have a descending triangle and strong volume node down below. Not financial advice, DYOR. www.reuters.comShortby ChartProphet119
Binance flerting with collapse!Binance coin... one of the main asset owned by binance company is on brink of a big collapse.. i would warn all out there to be very cautious now with them... they might be the next FTX ... but just follow the trend... Shortby diegotrader99885
BNB ShortBinance Coin (BNB) is going to collapse. This is purely a TA signal, not related to fundamental analysis/rumors.Shortby Beast_of_Traal1
BNB/USDHello friends Today we will see BNB/USD We don't seem to have much traffic at the moment the price is stuck at the specific point of 282-284. Price should break 286-287 and go ahead to break 293 and hold 300 to be able to make a higher high otherwise it will make 279-273 easy and we might see 270 as well and if he can't keep it we will see 260 or even lower low. I suggest that we do nothing for now until we see some trend-volume on the charts . . . Lower low : If the price of a security closes at a lower price than it did at the close of the previous day, which was also a low, then it is referred to as a lower low. If you liked this idea or if you have your own opinion about it, write in the comments. Thanks for reading! by GP101Updated 1
BNB: AT THE SUPPORT LINE.BNB/USD Update: BNB is at the support trendline. It may land into some big trouble if it fails to hold the lower trendline ($260). A healthy bounceback could possibly pull back the price toward $360. So, BNB hodlers be cautious with your positions. Note: The analysis is on a daily candle so do not consider this as a scalping trade setup. Trade safely.by Dexter_The_Trader115
BNBNot financial advice. The essence of investing & trading is the intelligent and patient preying on the greed, fear, impatience, addiction and ignorance of the majority. It's definitionally Darwinian.Shortby Crypt0poliSUpdated 23237
bnb wow bnb is at its critical support MY field of intrest to LONG IS mentioned in the chart FUNDAMENTS ! are going to be good for binance i think it will boom soon Longby AZTRADER82