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5.8.2020 - Binance Coin (BNB / USD)Hi Traders! Today we will look at the exchange coin of the most famous exchange - Binance. We will analyze the BNB / USD trading pair. We chose this pair deliberately, because we have been seeing the potential for evaluation on it for several weeks now, and so far it is developing exactly as expected. The overall target where growth could end is at USD 26.28 - USD 27.55. What do we see on the graph? After a sharp fall, which was recorded in March by all cryptocurrencies and the entire capital market, growth came. Subsequently, we formed a triangle, where the BNB let indicators to cool down and took a second breath. It is extremely important that this coin still holds the trendline as well as high volumes of purchases. If we will break through the white trendline downwards, we would rather end this trade. If that doesn't happen, we'd target the previously mentioned level. This growth is not surprising, as last month the BNB had a so-called coinburn (burning coins). Each quarter, the Binance exchange burns part of its coins, and therefore the amount of BNBs in circulation decreases. This event could also have had a significant effect on rising prices. From a technical point of view, we are currently monitoring the ABC correction, the minimum target of which is based on USD 26.28. May the crypto be with you!
BINANCE:BNBUSDLong
by DolleroTechnology
BINANCE COIN ($BNBUSDT) 💠| How To Get In Binance's DM's🕊️ Things are looking up for Binance bulls after a Poloniex listing and news of the upcoming Binance UK launch. While BNB's chart has seen better days, there is still hope for the bulls. Let's take a look at some levels. Hit that 👍 button to show support for the content and help us grow 🐣 Support: The first point of support for BNB is the S1 bullish orderblock. If the bulls can find support here there is a chance of breaking out of the current range while still keeping a lower high intact. The next point of support is the bullish orderblock at S2. Breaking below this means risking a potential uptrend, and this isn't what the bulls want to see. Resistance: Due to the volatile price action going into COVID BNB has a good deal of resistance to contend with. First up is the R1 S/R flip just above the price. If R1 can be broken, then the R2 orderblock and prior swing high at the top of the current range is the only thing standing between the bulls and a potential run. A break above the current range is bullish and would find the bulls squaring off against the R3 orderblock formed by the dead cat on the way down in the COVID drop. Getting here is a great sign for the bulls, so a rejection at R3 isn't necessarily a problem (especially if R2 can flip to support). Next up is the R4 prior swing high orderblock cluster, again formed from the dead cat during COVID. Above R4 are the R5 and R6 orderblocks from previous swing highs during the drop. These levels may or may not see a reaction on the way up, it really depends on how much momentum BNB and crypto as a whole has at that point. Lastly, the bulls have the R7 previous top. A breach above this with conviction would obviously be great news for the bulls. Summary: BNB has always been a top contender due to it being so important to one of the most important and liquid exchanges. It has lagged recently, but there is still plenty of room for the BNB bulls... if they can bust out of this current range and pick up some momentum. Resources: cointelegraph.com + www.reuters.com ✨Drop a comment asking for an update, we do NEW setups every day! ✨ Like, Comment & Follow to help the community grow 🎉🎉
by AlphaBotSystem
3
Only enter Long in BNB above this Resistance.Hello Traders. BNB/BTC is on bearish scenario after losing the two important support levels, now these levels are acting as Resistance right now, and we only wanna enter a long position in this asset above this Resistance, and we going to consider this last movement a Beartrap, and we need to broken this short term resistance, and a long position will be indicated, for now, we expect a bearish scenario until we go back above this line. Please push like button, follow us on Tradingview and on Telegram. Best regards, Sandro and Gustavo. Feel free to visit my pages if you would like to know more
by MarketMinds
1
6.11.2019 - Binance coin (BNB / USD)Hi Traders! Today, we are going to look at the BNB / USD. Who doesn't know this coin, it's a cryptocurrency Binance coin, created by one of the best-known crypto exchanges - Binance. In our opinion, it might be currently the best crypto exchange coin, which is managed very reasonably. What does the graph look like? Daily chart Very nice graph, if you look at the growth trend, its angle and the angle of its decrease. Moreover, the whole decline is in the channel. A structure as it was cut from a textbook on technical analysis. What we really like is that the BNB first tested the channel and then broke it. In addition, we can see increased volumes. In addition, the daily chart beautifully approached BK. The moving averages are close to each other and the MA7 cut the MA77 upwards. Who had studied this strategy knows that it means entering the long, or in other words buying. RSI is still normal. In the long run, it looks very good on the daily chart and we recommend to watch for resistances only. In addition to a very good graph, it can be assumed that growth could also be supported by China, which is very positive about cryptocurrencies. May the crypto be with you!
Long
by DolleroTechnology