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Binancecoin

BNB as a hedge asset to all marketBNB (Binance Coin) is a cryptocurrency released by the cryptocurrency exchange Binance in 2017. Binance Coin was created to facilitate transactions on Binance and provide users with additional features. Binance was founded in 2017 by Changpeng Zhao and has quickly become one of the most popular cryptocurrency exchanges in the world. Binance launched Binance Coin (BNB) as its first cryptocurrency in July 2017. BNB was initially issued as an ERC-20 standard token on the Ethereum blockchain but was later migrated to BNB Chain's own Layer 1 blockchain. BNB was issued in a total of 200 million coins, of which 100 million were sold during the Initial Coin Offering (ICO) in 2017 and the remaining 100 million coins were saved by the Binance team for future needs. Binance uses BNB to pay trading commissions on its exchange and offers additional features for users, such as discounts on trading fees, participation in lotteries, and access to exclusive features on the Binance platform. Why BNB is worth considering In the last bull cycle of 2019-2021, BNB posted one of the best returns on par with Solana, outperforming BTC and ETH at the end of the cycle There is a real business behind BNB in the form of Binance BNB's Web3 direction is actively developing, BNB Chain regularly holds hackathons, looks for promising development teams and products, and actively implements an incubation program for startups Throughout the fall cycle in 2022, BNB was the only major asset that showed a positive trend against BTC From June 2022 to date, the average monthly return on BNB has been aloft BNB has the lowest covariance value against BTC compared to other major assets, which reflects its relative independence Risks of BNB BNB is associated with Binance and in case of problems on the largest exchange, BNB will be under great volatility pressure BNB Chain network has few validators, 2022 there were examples of network shutdown WHAT YOU CAN DO If you are a portfolio investor, consider interest allocations for BNB If you are a futures day trader who use BNB in different market situations, BNB can show opposite dynamics to the whole market Thanks for reading our idea and don't forget to hit a rocket and write a comment with your thoughts about BNB
by Samura0x
17
Promising Support ReboundIn the past week, BNB has demonstrated a downward trajectory, with its price reaching nearly $300 subsequent to breaking the lower boundary of the 4-hour range channel. However, on Friday, a notable recovery ensued as Binance Coin responded favorably to the support levels, resulting in a 4% upswing before reaching the $300 mark. Furthermore, there has been a positive response to the lower boundary of a bullish corner pattern. Notably, the previously breached lower boundary of the range channel has now transformed into a significant resistance level. Consequently, there is a possibility of a new range channel forming, encompassing this resistance and the support at $300. In such a scenario, a range-bound trend can be anticipated for Binance Coin in the upcoming week. However, should this robust resistance level be surpassed, higher price targets within the $340 to $350 range may be considered. Currently, the currency exhibits a downward trend in both the daily and 4-hour time frames, while maintaining a range-bound behavior within the weekly time frame.
by MonoCoinSignal
4
Binance Coin can continue to rise and reach resistance areaHello traders, I want share with you my opinion about Binance Coin. Looking at the graph, we can see how the price, after a fake breakout resistance level 327.5, started a downward movement and started the formation of Elliott waves. After the end of the first wave, the price made an upward correction (2wave), continued the decline and broke through the support area 316.5-314.5 where it completed the third pulse wave. The fourth correction wave, rose, re-tested the current resistance area and continued the downward movement. The fifth wave completed its impulse movement in the support area 302.5-301.0, after which it re-tested the support area and began to grow. Binance Coin is currently trading below the resistance area and can continue to grow and reach it. I think that the price after a possible downward correction can continue the upward movement. In this case, I decided to set the target at 312.5 and in the zone 314.5-316.5. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
1
BNB: Approaching SupportBinance (BNB) technical analysis: Trade setup : Following a bearish breakout from Rising Wedge pattern, price pulled back near $300 support zone, which could be an attractive swing entry. Previously, after a bullish breakout from Falling Wedge pattern, price reached our target of $340 but got rejected 4x thus far. That’s also a level where it got rejected last year in August and November. Trend : Downtrend on Short-Term basis, Neutral on Medium-Term basis and Uptrend on Long-Term basis. Momentum is Bearish (MACD Line is below MACD Signal Line, and RSI is below 45). Support and Resistance : Nearest Support Zone is $300 (previous resistance), then $260. The nearest Resistance Zone is $340, then $400.
Long
by altFINS
HelenP. I BNB may continue to fall and reach level of 300Hi folks today I'm prepared for you BRITISH POUND analytics. After breaking through resistance at the level of 300, Binance Coin continued to grow and reached the level of 345, where it formed a resistance zone, from which it began to decline. The price fell to support at level 300, after which it continued to rise, re-tested the resistance zone 345-350 and started a local downtrend. For a long time, an ascending triangle was created, which Binance Coin later left. After a deep correction and re-test resistance of triangle, the price continued to fall, broke through the support of triangle and dropped to the trend line. Recently, the price re-tested the trendline, bounce off, made a slight upward correction, continued to fall and broke through the trend line. Currently, Binance Coin is trading below the trendline and may continue the local downtrend. The price may drop to support at level 300 where there will be set goal for BNB/USDT. If you like my analytics you may support me with your like/comment ❤️
Short
by FirstNameHelen
4
Binance Coin WCA - Ascending Triangle PatternHello and thank you for taking the time to read my post. Today, we analyze the Binance Coin (BNB) chart on the USDT pairing on the weekly scale, focusing on a classic price pattern called the "Ascending Triangle Pattern." Ascending Triangle Pattern: The ascending triangle pattern is a bullish continuation pattern that usually forms during an uptrend. It is characterized by a horizontal resistance line and an upward-sloping support line, representing higher lows. The pattern indicates that the buyers are gradually gaining control as they push the price higher, leading to an eventual breakout above the resistance line. Analysis: The general trend for Binance Coin was bearish since 08/11/2021, with the head and shoulders pattern marking the top. However, from 20/06/2022 onwards, we entered a consolidation movement characterized by an ascending triangle price pattern. This pattern displays multiple touchpoints on the horizontal resistance and two clear wicks as diagonal upward slanting support. All of this occurs above the 200 EMA, suggesting a bullish environment i.e a bullish continuation. Price Targets and Resistance Levels: The price target for this pattern is set at 494, representing a ~46% price increase from the current level. On the way to the target, we may face minor resistance at 453. A breakout above the horizontal resistance line would be a strong signal to enter a trade. Breakout Filter: A breakout filter of 5% helps to avoid false breakouts and premature entries. We will continue to monitor the chart closely for any signs of a breakout. Until then, this trade remains a watchlist candidate. Conclusion: The Binance Coin weekly chart analysis highlights the ascending triangle pattern, indicating the potential for a bullish continuation. As we wait for a breakout above the resistance line, traders should closely monitor this chart and consider proper risk management and position sizing before entering any trade. Please note that this analysis is not financial advice. Always do your own due diligence when investing or trading. If you found this analysis helpful, please like, share, and follow for more updates. Happy trading! Best regards, Karim Subhieh
by KarimSubhieh
BNB to see price rejection at recent lower highPrice action edged closer to the recent high, near $328. A move above the FVG zone ($331.5 - $333.7) and a lower high on 1 & 2 May could see a sell-off. The likely drop could hit the support zone of $316 - $320 (cyan). The support has been steady since mid-March. A close above the lower high ($336) will be an invalidation. Entry: $331.5 (FVG’s lower boundary) Target: $320 (support zone’s upper boundary) Stop-loss: $336 (lower high on 1 & 2 May) RR (Risk-Reward): 2.5
Short
by AMBCrypto_TA
1
Binance Coin: will $320 hold?News are reporting that the level of coins held with Binance exchanger are modestly returning after an outflow caused by the negative news which surrounded this exchanger in the previous period. However, the price of BNB is staying within a relatively lower range. After not being able to clearly break the $350 resistance line some three weeks ago, the coin found a support level around $320. BNB started the previous week around $340, but soon reverted to the down side, reaching its lowest weekly level at $320, where the coin is finishing the week. RSI continues to move around level of 50, however, it seems that the market is more oriented toward the oversold side, rather than on the opposite. Moving average of 50 days slowed down its divergence from MA200 counterpart. It might be just a short break, however, if the move continues, it might lead toward the so-called “dead cross” in the coming period. Charts continue to point on a short-term reversal in the coming period. During the previous week, a short support line at $320 has been clearly tested. The coin still manages to hold above this level, however, in case of persistent selling orders, it might be breached. In this case, the coin will test $300 short term stop, with currently low potential for $280. In case that a move toward the upside occurs, it could be until level of $330. A move toward the $350 resistance line is not probable based on charts at this moment.
BINANCE:BNBUSD
by XBTFX
Unraveling BNB's Journey - Key Support LevelsIn the past week, Binance Coin (BNB) has exhibited a comprehensive range-bound trend, with price fluctuations hovering around 325. However, at the onset of the previous week, BNB showcased noteworthy support around the 321 mark, subsequently surpassing the resistance level of 327 and reaching the previous price ceiling within the 340 range. It is worth noting that despite the corrective state of Bitcoin and its response to resistance, there is currently insufficient substantial demand to breach the resistance zone of 330-350 for BNB. Nonetheless, the key short-term support for Binance Coin remains at the price of 300. If the support level at 320 is breached, we can anticipate a decline in price towards the 300 mark. However, under favorable market conditions and the emergence of robust demand, it is expected that resistances will be overcome, potentially driving the price towards the target range of 370.
by MonoCoinSignal
3
Binance Coin can continue to fall and break support of triangleHello traders, I want share with you my opinion about Binance Coin. When observing the chart, we can see how the price bounced from the level 300 and started an upward movement. Subsequently, Binance Coin reached the level 330, made a deep correction, continued to grow and broke through the current resistance level. The price rose to mark 350, where the upward movement was completed and the BNB began to decline. Over time, Binance Coin created a downward triangle and is currently trading in the within. We see that after the fake breakdown of the support area 320-315, the price rose to the resistance line of the triangle, formed a downward impulse, made a correction uphill and continued to fall. Not long ago, Binance Coin re-tested the resistance line, bounce off, started falling, and broke through the support level 330. After retesting the current resistance level, the price continued to decline and approached the support area. Binance Coin is currently trading over the support area, but can continue the downward movement and break through it. I think the price after a possible breakthrough of the support area can leave the triangle and continue to decline. In this case, I decided to set the targets in zone 320-315 and at level 310. Please share this idea with your friends and click Boost 🚀
Short
by LegionQ8
6
BTC, ETH, LTC-Upside potential 🌤️XRP, BNB-Bullish☀️ DOGE-???🤔A slightly bullish market with upside potential is expected for Bitcoin, Ethereum, and Litecoin over the next 24 hours, with sun and some clouds🌤️, according to ATTMO, a weather-inspired AI tool with cryptocurrency predictions. Ripple and Binance Coin , on the other hand, will experience tropical weather 🏝️ today, indicating a very bullish market with some upside potential. Over a one-week horizon, cloudy weather ☁️ with some sun is expected for both major cryptocurrencies, Bitcoin and Ethereum , which could result in a slightly bearish market with downside risk. As for Dogecoin , it faces stormy weather ⛈️ ahead, which may signal a drawn-out bear market with a possible market rebound in the near future. Don't forget to check out ATTMO for more cryptocurrency weather insights! ☀️💰
BITSTAMP:BTCUSD
by ATTMO
XRP, BNB 🌴🌡️ BTC, ETH, LTC ☀️ DOGE ⛈️A bullish market with upside potential ☀️ is predicted for Bitcoin , Ethereum , and Litecoin over the next 24 hours by ATTMO, a weather-inspired AI tool for cryptocurrency predictions. Meanwhile, Ripple and Binance Coin are experiencing tropical weather 🌴, indicating a very bullish market with some upside potential. Over the next week, both Bitcoin and Ethereum are expected to have cloudy weather ☁️ with some sun, which could result in a slightly bearish market with downside risk. As for Dogecoin , it faces stormy weather ⛈️ ahead, which may signal a drawn-out bear market with a possible market rebound in the near future. Keep up with the latest crypto weather forecasts by following us!🤝
BITSTAMP:XRPUSD
by ATTMO
2
BNB Bias for the dayHow i started this market (Overall Trend is on a Rising Wedge D TF) Checked my 4H tf and its on my Support TL and on top my 20EMA (Symmentrical Triangle) On my 1tf it formed a H&S. but due to volume i am not confident on the pump but if it goes my entry is set on a retest to the neckline All Ema above the Candle if it Breaks down i will wait for a retest on my Support trend line for a ride to hell INDICATORS Hull Suite : 1H hull ind. breakout to the Green Fair Value Gap: Two FVG to cover up liquidity On Balance Volume: OBv on a side ways movement(No volume)
by lorenzoruiz1
Binance: Excited! 😬Lately, Binance has been jumping up and down below the resistance at HKEX:347 excitedly, even hopping above this mark once to finish wave (b) in blue. To complete wave (c) in blue as well as wave ii in magenta, the altcoin should move a bit more purposefully, diving into the magenta-colored zone between $304.40 and $274.90. There, our crypto friend should gain enough upwards momentum to develop wave iii in magenta and thus make it above the hurdle at HKEX:347 effectively. There is a 27% chance, though, that Binance could skip the magenta-colored zone, climbing above HKEX:347 directly to expand wave alt.iii in magenta earlier already.
BINANCE:BNBUSD
by MarketIntel