Link is in a good moodIf 16.75 resistance broken i expect BIST:LINK to reach 428 easily from here. it has great potential
BNBUSD trade ideas
BNB about to break the down trendBNB finally near to break the long lasting downward trend. Upcoming days crucial.
MASSIVE VOLUME IS AWAITED!
BNB Ready For Take Off, If It Crosses This Level!9% Jump in Five Days: BNB (Binance Coin) has seen a 9% increase in the last five days, indicating a shift towards bullish momentum.
Rounding Bottom Reversal Pattern: BNB is forming a rounding bottom reversal pattern with a crucial neckline at $258.
Potential Bullish Breakout to $292: A successful breakout from this pattern could propel BNB towards $292.
Binance's Resilience Amid Regulatory Affairs: Despite facing significant legal challenges, Binance continues as the world's largest crypto exchange by volume.
Overall Market Recovery Influencing BNB: The recent market recovery is positively impacting BNB's price, suggesting a continuation of the bullish trend.
Parabolic Growth Post-Crash: After reverting from $220, BNB shows parabolic growth, targeting the resistance at $268.
Approaching 38.20% Fibonacci Level: The potential breakout aligns with the 38.20% Fibonacci retracement level, signaling a robust bullish rally.
Trading at $249: BNB is currently trading at $249, approaching the key psychological mark of $250.
Golden Crossover in Daily Chart: A golden crossover in the daily chart reinforces the bullish trend.
Technical Indicators - Bollinger Bands and MACD: Bollinger Bands indicate an uptrend, while the MACD shows a bullish crossover.
Challenge at $258 Neckline: The $258 level is a pivotal point for BNB's price trend.
Potential Upside to $300: If the market recovery continues, BNB could surpass $258 and potentially reach $300.
Risk of Retesting $241: A reversal could lead to a retest of the 200-day EMA at $241.
Is Binance Coin (BNB) Set to Smash All-Time Records?Hello traders,
Here's an update on BNB using a weekly timeframe chart. BNB is expected to rally 250% soon which will be close to its ATH. That's the minimum rally we can expect as a mid-term target. For a long-term target, BNB has a long way to go. I am anticipating a breakout soon on BNB and also keeping in mind the $200 support that is still holding on strong.
Regards,
Team Dexter.
BNB at critical junctureBNB is coming to a close on this descending triangle which is typically seen as a bearish structure. Depending on the price action we see, whether the descending line is broken to the upside for a bullish trade or the horizontal line breaks for a bearish trade, it could signal where the overall market could be heading over the next 12 months given the positive correlation across crypto.
Considering the recent price action and weakness in BNB relative to Bitcoin along with the CZ fiasco the probability of a downside break seems likelier. Watching closely to see how price action unfolds.
BNBUSD trading sidewaysBNBUSD is trading sideways as it fluctuates between support and resistance levels. Setting buy-stop and sell-stop orders at second levels of resistance and support respectively.
Binance coin (BNB) to $40On the 2-day chart above price action has increased over 3500% since the 2-day life cross in September 2020. A number of reasons now exist to be bearish, including:
1) The ‘incredible sell’ signal.
2) 2-day Death cross
3) Broken market structure.
4) Double top bearish divergence (8-day chart below)
5) A significant majority of ideas on tradingivew are long.
Is it possible price action rises further? Sure.
Is it probable? No.
A short from $340 is excellent.
Target $40
Ww
8-day double top divergence
BNB sideways limit prders bnb tp and sl mentioned for both cases
bnb is in a sideways market structure
BNBUSD-Sideways/Ranging BNBUSD was in bullish trend. after appearance of bearish divergence, the instrument printed LH and LL, and after that the instrument enters in sideways/ranging and moving in a box type range. the best strategy to play with ranging instruments is to buy at support and sell at resistance. both buy limit and sell limit orders can be initiated to get the maximum benefits from the ranging market.
BNB Bearish Liquidity Buildup The trend has changed with the liquidation of the structural low on the 4h chart, which indicates a bearish momentum
There is a clear trend line that has stop losses above it so the price might take it out first in order to continue bearish.
Equal Lows formed a Support zone on the 4h Chart which has stop loss liquidity below it.
BNB can have a reaction from either of the Supply Zones noted on the chart.
The overall Daily Bias is Bearish
BNB Hell on Earth! So much for decentralized when a WEF stooge is in charge of BNB.
Welcome your new world order ceo
public.bnbstatic.com
Picture Perfect Megaphone! Enjoy the ride! I got nothing to add except sometime next year,
we could very well see BNB over 1K.
Not investment advice for this no-brainer.
Cryptocurrencies in a bullish marketGreetings, dear friends. I hope you are having a productive week.
I am happy to assist you in ensuring that all previous analyses are attached to each corresponding analysis. This will provide a comprehensive overview and help you make well-informed decisions. Please do not hesitate to let me know if there is anything else I can do to assist you further.
I want to share my market analysis ideas based on the Elliott Wave Principle with you.
I am a fan of this principle and follow all the rules and guidelines for analyzing the market.
However, please note that my ideas are based on my personal experience and may change over time.
If there is an error in my analysis, I am open to re-analyzing it from the beginning and learning from my mistakes.
It's important to understand that making an error in analysis is not a fault, but evading responsibility is.
No one can analyze financial markets with 100% accuracy, but it's remarkable how close we can get.
We analyze from multiple perspectives to consider all possibilities.
Let's mention a few opinions and ideas!
Based on mathematics.
I am still practicing to understand the Elliott Wave Principle better and hope to provide an even better analysis in the future.
Thank you for your continued support, and I look forward to our mutual success.
Best regards,
Mr. Nobody
Keep trying and never give up.
Good luck!
Troubled Binance takes a toll on BNBUSDThe recent turmoil engulfing Binance, the world's largest crypto exchange, has cast a shadow over its proprietary cryptocurrency, Binance Coin (BNBUSD). The upheaval was triggered by the unexpected resignation of Changpeng Zhao amid his confession to criminal wrongdoing (facilitating money laundering) and the announcement of a hefty fine for the exchange, amounting to $4.3 billion. These developments resulted in a nearly 20% drop in the value of BNBUSD (in a matter of less than a week). With RSI, Stochastic, and MACD all turning increasingly bearish on the daily time frame, the situation does not look like it will improve anytime soon. Therefore, to further bolster a bearish case, we would like to see the mentioned technicals continue to decline and BNBUSD break below Support 1; without any significant support below this level, we think there is a good chance for BNBUSD to drift toward $200 (after a breakout). Consequently, we will monitor the situation in the following days and update our thoughts on the asset once new developments arise.
Illustration 1.01
Illustration 1.01 portrays the daily chart of MACD that is crossing below the midpoint, strengthening a bearish case going forward.
Technical analysis gauge
Daily time frame = Bearish
Weekly time frame = Bearish
*The gauge does not necessarily indicate where the market will head. Instead, it reflects the constellation of RSI, MACD, Stochastic, DM+-, ADX, and moving averages.
Please feel free to express your ideas and thoughts in the comment section.
DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for an individual investor to take any trade action. Therefore, your own due diligence is highly advised before entering a trade.
As I said on Friday about BNBAs I said on Friday that BNB will be sideways for next few days, i t is still showing the same trend . we may see a bottom of 222$ before next move up or down
✴️ Prepare For Change | Better Safe Than Sorry (BNB Weekly)How would your trades, your positions, your portfolio, your balance, your Crypto be affected if there is a "change of management" in this exchange?
I've seen sometimes where funds become stuck for a long time while certain legal situations are clarified.
Sometimes a portion is lost, other times refunds can happen fast but with limitations...
What I've never seen is a smooth, painless ride when there is a sudden, surprise, out of the blue "change of management".
One of the most famous saying in the investment world goes like this: "Do not put all of your eggs in one basket".
This is of course a precaution method.
If you have all of your eggs in one basket and for whatever reason the basket falls, you are going to lose all of your eggs, but if you diversify, run away, you might end up being completely safe.
The market normally moves as one.
The market moves as a single living unit...
Binance Coin produced waves in 2021 just like Bitcoin did.
Somehow, this isn't the case anymore...
While Bitcoin weekly is up, facing resistance, Binance Coin is down, facing support.
I have no idea what is going to happen.
We can never guess what the world has in store for us.
But something that you get used to having today, tomorrow can be gone.
TA
Binance Coin (BNB) is trading above MA200 as the last support.
This week it moved below EMA300 on multiple long-term bearish signals.
Here is the weekly MACD:
- Moved bearish.
- Red histogram.
- Jumping off a cliff.
This is in stark contrast to BTCUSD.
Here is the RSI:
- It sits at 36.
- Bitcoin's weekly RSI sits above 60.
What one does, the rest follows?
Nope... There is something going on.
The charts are giving a strong warning that Binance Coin might detach from the rest of the market and this can only mean the worst.
Namaste.
📈📊 #ChartPattern Alert! 📈📊 📈 Falling Wedge 📈📈 What is a Falling Wedge? The Falling Wedge is a bullish chart pattern characterized by two converging trendlines, with the lower trendline sloping upward more than the upper trendline. It typically signals a potential bullish reversal, with the price likely to break upward after the wedge pattern.
📈 How to Identify:
Draw a trendline connecting at least two higher highs (upper trendline).
Draw another trendline connecting at least two higher lows (lower trendline).
📈 What it Signals: The Falling Wedge suggests a potential bullish reversal, with buyers gaining strength as the price reaches higher lows within the wedge. It often forms during downtrends and can precede a significant price move to the upside.
📈 Trade Strategy:
Consider buying when the price breaks above the upper trendline of the Falling Wedge.
Set profit targets based on the pattern's height added to the breakout point.
Implement a stop-loss to manage risk in case of a false breakout.
Remember to validate your analysis with other technical indicators and conduct thorough research before making any trading decisions. Happy charting and trading! 📈💹
BTC is consolidating againBINANCE:BNBUSD.P BNB has shown around 70% RETRACEMENT IN THIS FALL. It may hot the resistance again
Binance Whale Accumulates 2800 BNB Amidst Money Laundering ProbeThe BNB crypto token is creating quite the bustle within the cryptocurrency universe following Binance’s recent money laundering probe.
Simultaneously, a significant whale activity caught the eyes of crypto market enthusiasts as it accumulated notable amounts of BNB as of today, November 22.
The whale accumulation of BNB comes after Binance’s settlement with the US Department of Justice (DoJ).
Whale Accumulating BNB
According to recent market data offered by Lookonchain, a platform offering on-chain metrics, following the settlement between Binance and the US DoJ, a whale, previously known for accumulating BNB, once again amassed significant amounts of BNB.
As per the data, the whale accumulated 2,732 BNB, amounting to $646 thousand today, November 22. Furthermore, the same whale, accumulating BNB at price lows, stockpiled a total of 17,152 BNB at an average of $253 since May 10.
The aforementioned on-chain metrics caught the eyes of crypto market enthusiasts primarily due to Binance’s ongoing money laundering saga. BNB, or the Binance coin, is a cryptocurrency jacked and backed up by Binance, one of the world’s leading cryptocurrency exchanges.
As a result of the money laundering chronicle, the exchange’s credibility and reliability in handling significant amounts of cryptocurrencies has come under scrutiny.
BNB Analysist
As of writing, the BNB price witnessed a substantial downfall of 9.62% over the past twenty-four hours, reaching $234.07 today. Furthermore, the trading volume witnessed a significant jump of 58.68% over the past day.
The BNB price crash seems to fall in line with Binance’s recent DoJ settlement, where Binance pleaded guilty and agreed to pay over $4 million to resolve the DoJ’s investigation into violations related to the Bank Secrecy Act (BSA), failure to register as a money transmitting business, and the International Emergency Economic Powers Act (IEEPA).
Combining technical analysis at BNBUSD There are a lot of technical analysis methods to use, my favorite method is to combine several technical analysis and look for the same point as strong support to buy and strong resistance to take profit.
In this example, I use chart pattern, fibonacci ABCD pattern and classic support and resistance.
Chart pattern
channel up with medium line perform strongly, yesterday this medium line broke down and tried to reach channel up support.
channel up support can be a good entry point with target at medium line or maximum target at channel up resistance
Classic support and resistance
Resistance become support or support become resistance also a strong technical analysis method.
in this chart, we have 23 October resistance at $238.6, and now it has become new support.
ABCD Fibonacci Pattern
Fibonacci are the best pattern to combine with channel up, especially if we have symmetrical channel up.
In many cases, 0.618 touch channel up support and 1.618 touch channel up resistance as bullish target.
I am a naked trade analyst, so in every analysis I do not use technical indicators, but sometimes people used to combine technical indicator, ie. moving average, EMA, MacD, Bollinger band, and many others. As long as it is accurate and profitable, use it.
Let me know in comment below what kind of combination you like most.
BNB BACK TO 30$ Range Binance CEO pleads guilty to money launder30$ is coming drop most likely to start within days
dump will be like ftx,luna ..etc
Not Financial Advice -- do your own analysis
Abu Meizar
