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BNBUSD trade ideas

BNBUSDStink bidzone hit and a massive reaction from that zone, @coinmamba 's account got deaxtivated for a twitter critisizm, but its literally 1 account, given the overall response i doubt that happens many more times, maybe cz goes fulls sbf crazy, does crpyto volatility just wear down participants sanity over time or can exchange owners sit back and chill for abit, time will tell, my thoughts are this is short term fud tbh Dxy macro top is (clearly?) in, markets will react strongly if it starts trending solidly back down.
BINANCE:BNBUSD
by olliecoughland
1
Binance Coin: slow motion continuesIt was a relatively relaxed week for BNB as the coin was moving within quite a short range during the whole previous week. BNB started the week below the resistance line at $300 and finished above $280. It is more than evident that the market is on hold and that investors continue to be reluctant to take positions. Extremely decreased daily trading volumes adds to this fact. In line with spot prices, RSI was also moving in a short range, oscillating below level of 50. It also confirms the prior statement that investors need more fundamental information in order to decide on a trading side. Moving averages of 50 days continue to move away from its MA200 counterpart in a relatively slow mode, but still, confirming the golden cross formation from the beginning of November. The FOMC meeting is scheduled for November 14th, while a day before the US inflation data will be published. This is an event where the market might reach its higher volatility, in case that posted figures are not in line with market expectations. As per current charts, there is probability that BNB will continue to move within a relatively short range between $250 support and $300 resistance.
BINANCE:BNBUSD
by XBTFX
BNBUSD can see a big upside if it breaks out of this rangeThe Binance Coin is trading in range, a wide belt that is holding since mid May and has broken only twice. Besides that, we see a Channel Up since June 18. Perhaps the strongest formation right now it the repetition based on the RSI of the August/September price action. If extended, this can break above the range and within 380 - 400, which will make a Higher High on the Channel Up. Please like, follow and comment!!
BINANCE:BNBUSDLong
by TradingBrokersView
1
Binance Coin: price correctionTwo weeks ago BNB gained significantly from the news that Binance exchanger might be a new owner of the bankrupt crypto lender, Voyager Digital. After pushing the price to the level of $320, the market reverted a bit to the downside, and minimum weekly level at $280. Still, BNB is ending the week above $290. It is evident from charts that even with significantly decreased daily trading volumes, buying orders were prevalent on the market, defending the price to move back to the lower grounds. RSI started the previous week around level of 57, however, it is finishing the week at level of 50. This shows that the market is still not ready to move the price to the overbought side. MA50 is moving away from its MA200 counterpart, suggesting that the golden cross, formed at the beginning of November, might finally start to reveal itself in prices of the coin. During the previous week, short term price correction was expected. Due to decreased market strength, the price went down to the level of $280. Charts are showing that the price might go even lower, from that level, at last till $260. At this moment the support line at $250 is little probable. On the opposite side, resistance at $300 might be tested for one more time.
BINANCE:BNBUSD
by XBTFX
Binance Coin: how far is $400?There is a huge possibility that crypto exchanger Binance will be a new owner of the bankrupt crypto lender Voyager Digital. This comes after the failed takeover of the company by FTX, who also filed for bankruptcy. At the same time the CEO of Binance announced that the company formed a fund of $1B with the aim to support troubled crypto companies during the crypto winter. So, further acquisitions on the market seem quite possible. This was the major news on the market during the previous week, which supported BNB to increase its market cap by $6B and move its price to the level above the $300 resistance line. BNB started the previous week at a $250 support line, however, during the whole week the price was in green territory. Positive news pushed the coin to higher grounds, ending the week by testing the $300 resistance line. From this point, the question is how far is the price of $400? RSI was also reflecting a positive investor mood, moving from 36 up to 58. This shows that the market is currently eyeing the overbought side. Moving averages of 50 and 200 days still continue to move as two parallel lines after making a golden cross at the beginning of November. The price of BNB was strongly supported by the positive news from Binance. It might be expected to be so in the coming period. The moment to watch would be a final announcement from the company that it actually took over Voyager Digital. It will be a significant booster to the price of BNB, where it might go as high as $400. However, at this moment, more realistic would be a $350 short resistance line. BNB will start a week ahead by testing a $300 support line. In case of a short reversal, the price might go down to the level of $280. On the opposite side, there is an equal probability that the price might reach the highest level around $330.
BINANCE:BNBUSD
by XBTFX