BNBUSD trade ideas
The Make It Trade BNB + BSC is the only exchange looking towards the future of Crypto going fully on chain and likely is the most resilient towards economic downturns.
if BNB gives you a chance to buy under $100 - take it - and look for Eth style run up
Binance Coin: what a chart !First look at BNB`s daily chart might give a scary impression. At first sight it is clear that something was going on with this coin. And it was, as announcements of potential acquisition of FTX had a strong impact on BNB`s price, after which, giving up on the deal was a huge driver of the price to the downside in line with FTX`s collapse. However, in relation to other major coins, it could be noted that BNB is holding quite well during this general market downturn. During the previous week the price of BNB went from $290 down to $263. The support line at $250 has not been tested. It seems like the market is just not ready to break the $260 level.
RSI made quite shy moves between levels of 43 and 39. It shows that the market is still not ready to choose the trading side. As for moving averages of 50 and 200 days, it is still not clear if the golden cross might be fully confirmed as two lines continue to move as two parallel lines, after creating a cross two weeks ago.
Markets continue to digest all the potential risks around FTX collapse. In this sense, fundamental news would lead the game on the market also during the week ahead. In case there is more negative news, the price of BNB might go down to $250 support line. Still, in case there are no such events, the price should try to test $300 resistance in the coming days.
BNB is about to plummet
If the support below bnb is broken
it's going to start an epic crash
Follow me and take you to achieve financial freedom
BNB: Too big to fail?Bearish retest of the 21W EMA with a bearish engulfing weekly candle + inside candle suggests more downside is coming for BNB. The scary part about BNB is… there’s literally no volume recorded on BNB until into the $40’s. First stop is the 200W MA and VAH at $187
On BNB/BTC there is a weekly shooting star + bearish continuation + monthly gravestone doji in the making. All indications that if BTC starts making new yearly lows again, BNB is going to get smashed.
OKX Token is a better buy than BNB, KCS and CRO !We've been seeing a lot of pain in the market lately, which is of course fueled by the FTX bankruptcy and the aftermath it is having on the crypto world. The native tokens of exchanges in particular have taken big hits. We wanted to take this opportunity to compare the tokens of 4 major exchanges and how they are performing with a focus on the recent price action.
* The Binance Coin (BNBUSD) has been trading within an Ascending Triangle since August 10, with the price falling and staying below both the 1D MA50 (blue trend-line) and 1D MA200 (orange trend-line) since the FTX crash.
* The KuCoin Token (KCSUSDT) has been trading within a Bearish Megaphone since July 04, with the price crashing hard and staying below the 1D MA50 (hasn't been above the 1D MA200 since April) since the FTX crash.
* The Cryptocom Coin (CROUSDT) has been trading within a Falling Wedge since June 19, with the price crashing hard and staying below the 1D MA50 (hasn't been above the 1D MA200 since April) since the FTX crash.
* On the other hand, the OKX Token ( OKBUSDT ) has been trading within a Rising Wedge (which is a bullish pattern) since June 19, with the price breaking above the 1D MA50 and 1D MA200 before the FTX crash while, more importantly holding both of the as Supports after the crash.
Technically, the momentum is in favor of OKX and is our investment choice on the long-term among exchange tokens. The current price action in particular, being supported near the 1D MA50, makes it an attractive opportunity even for short-term traders that are looking for the Rising Wedge's next Higher High around $25.000.
-------------------------------------------------------------------------------
** 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! 👏🎁
-------------------------------------------------------------------------------
👇 👇 👇 👇 👇 👇
💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇
BNBUSD - LONG1. Mid-term hourly Bearish Trend Line Breakout.
2. Trend seems bullish
3. Starts Higher High and Higher Low.
4. TP will be at Fibonacci 1.382.
5. Bullish Hammer at recent higher low
BNB - breaking through the local highs.After the reversal formation through the zero point spring, we saw a breakdown of the upside of the trading range. At this point in time it is hard to predict the further direction of the price but most likely we will see the price going to test the buyer. It is also possible that the price will not retrace too much and the asset will continue to show positive dynamics from the upper boundary of the range.
If you like the idea, like this. That's the best "Thank you!" for the author 😊
P.S. Always do your own analysis before a trade. Put a stop loss. Fix profits in installments. Withdraw profits in fiat and make yourself and your loved ones happy.
BNBPERP - False breach of local highs via uptrust.This manipulation implies removal of stop losses of traders, who were in shorts, and implementation of buy orders for traders, who were intending to buy on the breakout of the maximum.
We may see the resumption of purchases (test) in several price ranges:
1)200-225.
2)105-130.
If you liked the idea, please like it. That's the best "Thank you!" for the author 😊
P.S. Always do your own analysis before a trade. Put a stop loss. Fix profits in installments. Withdraw profits in fiat and please yourself and your
your loved ones.
I have shifted my goals from my previous idea, but my scenario is the same
Binance Coin: short moves It was a heavy week for BNB, but the coin managed swiftly to consolidate. During the first half of the week, the price of BNB was influenced by the news on potential purchase of the crypto exchanger FTX by Binance, when the price of BNB reached level of $400 on one occasion. After Binance announced that it is not entering into any sort of business deal with FTX, the general market selloff began. The price of BNB went down to the level of $260 on Wednesday trading season, which was a minimum level reached during the week. Soon after, the price reverted back, but only to the level of $300 resistance line. BNB is ending the week testing $300 resistance.
During the period of selloff, RSI went down to the level of 37, however, the clear oversold side of the market has not been reached. At the same time a very interesting thing happened with moving averages of 50 and 200 days. Namely, the two lines created a golden cross at the beginning of the week, they continued to move as one line for the rest of the week. In this sense, it is very hard to confirm if the golden cross formation occurred at all. Certainly, in the next week or two, the formation should be clarified.
It will take some time until markets calm after the latest selloff. In this sense, it could be expected from BNB to test the $250 support line for one more time. On the opposite side, there is a high probability that BNB will continue to test the $300 resistance line.
Can BNB traders maintain support?Hi traders, and welcome to Monday's insight. We're watching BNB today as price continues to hold a higher low above a well-defended support area.
We all have seen the total drama that has been the crypto market last week. Insane price moves after FTX ended up declaring chapter 11. We want to wish our best to anyone caught up, and we hope you will see a happy ending.
After a weekend of selling, we are seeing a new push higher by buyers today. The good, we are seeing a new higher low that sits at the top of the support range. Higher lows are bullish signs, and seeing it with support can give it more credence.
The sell-off was dramatic, and we saw as much as 31% wiped off BNB price in two trading sessions last week. The good news was that the selling stopped at 260, which is the base area of the support range.
Looking forward, we want to see today's buying continue with a higher close. This will continue to hold the support area and reinforce it. If we see this, we then want to see a new rally pulling back more of last week's losses.
If we do see a new move lower, we need to see 260 hold. If we do see a new close below 260 or lower, this could be signalling that we are seeing a new leg lower. Let's see if buyers can hold today's higher move.
Good trading.
Binance chart looks scaryBinance chart looks like a giant distribution pattern with a double top. The chart pattern suggests that this is double-digit crypto in a temporary hold, a hot potato.
BNB: Bear market is obvious, but bull is hiddenI am not going to say much here, a little busy, this is requested chart.
Sorry mate, this is best i can do.
----Previous---
**LEGENDS**
BLUE = Bear/Resistance || Yellow = Bull/ Support
Lines: Fractal dates are moments of interest, where price and time collide to create oscillation.
the chart for possible scenarios of price actions - use zoom and scroll for better view.~
/*This information is not a recommendation to buy or sell. It is to be used for educational purposes only.*/
Feel free to request: your coin to be analyzed! Please keep those Stop losses in place or mind!
Thank you, and stay strong my fellow CryptoPunks!
Future belongs to the brave, and crypto is the future.
_Ajion
HERE WHAT WE CAN SEE BNB/USD DOING IN THIS LAST 2 MONTHS OF 2022All right guys I have been reading BNB/USD chart for while now and we are facing a little side movement since May. Here we can see is moving between $360 and $251 with a few fake outs. Depending on BTC and how it moves from now on I am expecting to move down to at least $200 area, if we fall from that support we are going to $120 area.
Binance coin held the bestBesides Eth and Ltc, Bnb is another coin that I like a lot in current market conditions, and looking at the posted chart you'll understand why.
Since the ATH in Nov last year, the coin also entered a downtrend, but in mid-June 2022 we have a clear bottom here. A break above the falling trend line followed at the end of July and since then we have had consolidation and range trading.
250 is clear support here and most probably a lower high.
400 with 450 in extension could be bulls targets and only a drop under 250 would put this bullish scenario into question.
BNB - did not break support This one is not surprising but I imagine it is one of few coins that did not break support. Here we have a strong resistance zone that will be tough to break out of and hold. Especially when one fakeout has already occurred.
I Imagine we fail at resistance here and we will see if that support holds.
One of the few coins that is not in a downtrend. Not exactly sure what to make of that, but with more time we may see. Don't really feel like longing support but will see when that happens.
Sort of predicting new lows for most coins since BTC made new lows.
This would be very rare for altcoin outperformance. Each time we have seen the actual crash, we have seen BTC make new lows with everything else.
There are notable coins that have not made new lows yet such as ETH, MATIC, BNB and some DEFI bluechips like AAVE and SNX.
Calling for at least a revisit of the lows down to 180. If not, we officially have something new happening this cycle!
BNBUSD 1D Golden Cross may be a trop before new HighsThe Binance Coin (BNBUSD) is rising massively on today's news and amidst the fundamentals, it formed a Golden Cross on the 1D chart, which is the bullish formation when the 1D MA50 (blue trend-line) crosses above the 1D MA200 (orange trend-line). With the 1D RSI volatile on the 80.00 hugely overbought level, this pattern draws inevitably comparisons with the last Golden Cross that was formed on the 1D time-frame on August 31 2021, i.e. more than 1 year ago!
As you see on the chart, that Golden Cross, instead of more price rise, it delivered a strong pull-back that broke below the 1D MA200 but stopped at the bottom of the Channel Up to form a Higher Low. Right now BNB has been trading inside a Channel Up since the June 18 bottom. If we plot the 2021 price action on today's, we can see how closely it can match the pattern. As long as it holds, we can expect a Higher Low for a better long-term buy opportunity. If this fundamentally driven rally continues though and breaks above the 2022 Resistance Zone, we can (with a relative safety) buy the break-out for the long-term into the new Bull Cycle.
-------------------------------------------------------------------------------
** 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! 👏🎁
-------------------------------------------------------------------------------
👇 👇 👇 👇 👇 👇
💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇
BNBUSD - Short Sell at S&RAccording to the support and resistance formed by monthly and 4-hourly charts, traders can comfortable take profits on short-selling.
BnbBearish cfork has started,
Dangerous signs for the whole crypto market
Bad midterm results being priced in? Or just people scared sbf/cz will be another celcius/dokwon situation
