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.
BNBUSD trade ideas
Binance - BNB - Stay rationalDespite recent FUD, BNB stays above critical support (green horizontal line)
It might be tempting to short but should wait til support is clearly breached
I'd rather have a potential 10$ profit with 70-80% probability than 20$ with 50% probability (just an example)
Not financial advice
BNB going to REKT Soon BNB is looking so bad right now, i feel like it will go below $100 this year, the bubble is about to pop.
Yeah binance fans aren't happy, also there are so much fud related to binance. but yeah it's going to happen we will get another chance to buy BNB below 100$ probably close to $50.
it might sound crazy but it will eventually happen !!
BNBUSD (4H) - Bullish reversalHi Traders
BNBUSD (4H Timeframe)
Waiting for the upward break of 292.20 resistance level, which will complete a bullish trend reversal pattern to go LONG. Only the downward break of 284.40 would cancel the bullish scenario.
Trade details
Entry: 292.20
Stop loss: 284.40
Take profit 1: 297.00
Take profit 2: 304.50
Score: 4
Strategy: Bullish reversal
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.
BNB IDEAHELLO GUYS THIS MY IDEA 💡ABOUT BNBUSD is nice to see strong volume area....
Where is lot of contract accumulated..
I thing that the sellers from this area will be defend this SHORT position..
and when the price come back to this area, strong sellers will be push down the market again..
DOWNTREND + SUPPORT from the past + Strong volume area is my mainly reason for this short trade..
IF you like my work please like and follow Thanks
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.
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BnbusdPumpit by december 12? Or around then ?
Falling wedge is completed around here back to 300+?
220ish days of ranging from 330-250zone
Ftxs collapse really does solidify this exchanges longterm survival and the prevalance of bsc +dev community
Means this things assured to be a strong performer in any potential relief rally scenario, barring cz goes to jail or something like that.
Compression leads to expansion, the longer the compression the greater the expansion.
$BNB USING MY BENTO BOX ROAD MAP$BNB - BINANCE
On a Weekly Chart
LONG POSITION -MOMENTUM STRATEGY - SWING
11.25.22
1215H +8 SINGAPORE
Disclaimer:
The findings of the following analysis are the sole opinions of the publisher of this idea and should not be taken as a piece of investment advice.
My Published Ideas are not 100% Accurate. There are many factors at a given time that can change the forecast.
ALERT:
Forecast Entries for a BULL SWING. Short and Long-term Entries Short trades are the inner portion labels. Blue labels are alert signals used to analyze further the price action.
Smart money wants a REBOOT of 2018. All is possible for the forecasted entries based on numbers and the character of the market now. Let us see how price action reacts on a DAILY chart .
Hoping that this BENTO BOX CHART ANALYSIS will efficiently help you with your DYOR as we Enter a NEW SWING CYCLE for LONG positions, either short, mid, or long term.
INSTRUCTIONS:
HOW TO USE THIS MINIMALIST CHART a.k.a (Bento Box)
"Follow the white rabbit!"
Just Follow the TOPS and BOTTOMS of the BOXES as a GUIDE to where the MARKET will take you.
If it cannot break a TOP or BOTTOM of a BOX, It signifies a reversal.
TARGET ZONE IDENTIFICATION:
The LARGE BOXES (Tops and Bottoms) are MAJOR turning points that will occur sometime in the future. While the SMALL BOXES (Tops and Bottoms) are MINOR turning points.
These can be entries to a BUY/ SELL POSITION, EXIT/PARTIAL EXIT/TOP-UP AREAS, as well as Support and resistance levels
Also includes MAXIMUM TARGET EXIT AREA OF VALUE - CONSERVATIVE (If price action conditions are right at that given moment.)
NOTE:
1. That PRICE TARGETS for ENTRY and EXITS are DYNAMIC and can CHANGE from time to time.
2. Created using data on a MONTHLY, WEEKLY & DAILY Analysis of a MARKET'S CHARACTER.
3. My BENTO BOXES are designed for SWING TRADES at the LOWEST or START of a SWING CYCLE.
4. At times I will include a WAY BEYOND PARABOLIC PRICE TARGET, depending on The Character of the Market (CRYPTOS ONLY).
5. DYOR for your Fundamentals, Volume , Chart Patterns, Candlestick Math, FIB COILS ( ABC ), Price Action, FIB LEVELS, Market Dynamics, AB=CD Pattern especially institutional and retailer trading psychology .
Wishing you all The Best Trades and Thank you all for your Appreciation and Support of My Work.
Much thanks to My 3 Mentors. They are so much of a Blessing that I also wish to share my knowledge.
Vive Le Autist!
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.
Bullish on $BNB with a projection towards $883 by June 2022BNB is one of the coins that may rise up.
I have given a way forward towards $883 where retail FOMO may kick in for $1k mark.
However I think it would be too fomo to go as new after $883 (fib).
Shown ichi for projection. Can we get e2e to start with
Aladdin is bullish as well on 2day tf
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.