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Binancecoin

Binance coin trades inside wedge and can fall to support lineHello traders, I want share with you my opinion about Binance Coin. Looking at the chart, we can see how the price fell to the level 315, where it formed the buyer zone 315-319, which make retested and started an upward movement. For some time, the price traded in a small range, after which it left it and continued to rise. We see how Binance Coin made a fake breakout 343.5 resistance level, then reversed, formed a downward impulse and began to fall. Over time, the price has created a downward wedge and is now trading inside. Binance Coin retested the support line of wedge, which coincide with the buyer zone, and began to grow. The price is now trading close to the resistance line and could rise and retest it. I think that after a possible retest of the resistance line, the price can bounce back and continue to decline. Binance Coin can reach the support line of wedge, in this case I decided to set targets at level 320.5 and at level 316, which coincide with support of wedge. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
✴️ Let's Pay Attention | Binance Coin vs Bitcoin, Ethereum & XRPWhile Bitcoin, Ethereum, XRP and others are looking a bit mixed, Binance Coin is looking a bit better. "What one does, the rest follows..." Ok, that's my personal phrase and should be coined to my name when it comes to Cryptocurrency trading, together with "Patience is key!". (Just kidding... 😅) BNBUSDT continues trading above EMA10 daily. While we see this shaky, doubtful type of action, the price action continues bullish on the short-term, which is good for BTC, ETH and the rest. The RSI is above 50 and the trading volume continues with the same behaviour as before. This means that the same type of trend/action is likely to continue... And so, if Binance Coins moves ahead, we can expect the others to also do the same. Remember, when one chart isn't 100% clear, we can look around and see what the others have to say. Now... Things can change but we are aiming higher unless BNBUSDT moves and closes below 299... Thank you for reading. Your support is truly appreciated, now and always. Namaste.
Long
by AlanSantana
3
BNB - Pump & Dump like XRP ?Hi Traders, Investors and Speculators of the Charts 📈📉 Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. BNBUSDT aka Binance coin has a nasty history of pumps and dumps. In the past, the King of Pump & Dump use to be XRP. But lately, it seems like BNB coin might take the title. With the Moving Averages ribbon, we can see the sellers/bears take control after the recent top out. Is it possible to see a few for daily candles of downward trading before another 16% or 30% increase? While you're here 👀 Check out this recent post on an altcoin that may go parabolic in the near future, MOVR : _______________________ 📢 Show us some LOVE 🧡 Follow for daily updates and trade ideas on Crypto , Stocks , Forex and Commodities 💎 We thank you for your support ! CryptoCheck
Long
by CryptoCheck-
26
Binance Coin: weak price movesThe price of BNB continues to be influenced by the news surrounding Binance exchanger, in which sense, some significant price moves to either side were not expected. Although there has been positive sentiment on the market since the beginning of this year, the price of BNB did not react in an usual manner, with strong price moves to the upside. Instead, the price is still holding above $300. During the previous week, there has been some move to the upside, reaching the highest weekly level at HKEX:335 , but still, daily trading volumes remained quite low, without strength to support price higher grounds. RSI started its path toward the overbought side of the market. The Indicator flipped from the 50 line and ended the week around the level of 62. This was a positive move, indicating that there is still space for the BNB`s price to move to the higher grounds. Moving averages of 50 and 200 days continue to move as two parallel lines, but they still manage to hold the Golden cross. Fundamentals will drive the price for BNB also in the coming period. RSI points to a potential for price to move to the higher levels, in which sense, BNB might test the $350 resistance line. On the opposite side, there is also some potential for levels modestly above the $300 support line to be tested for one more time.
BINANCE:BNBUSD
by XBTFX
Trading Idea For BNBBINANCE:BNBUSD Based on the current bullish momentum in the cryptocurrency market, a potential trading idea could be to buy Binance Coin (BNB) at its current trading price of 334 and aim for a swing target of 401 in the next few trading sessions. The stop-loss level could be set at 280 to limit potential losses in case the trade does not go as planned. The rationale behind this trade idea is that Binance Coin has been steadily rising in value over the past few months and has the potential to dominate the altcoin market as the overall crypto market cap continues to increase. With a current market cap of around 50 billion, BNB has already established itself as one of the top cryptocurrencies in terms of market capitalization and user adoption. Furthermore, as the crypto market continues to mature, more investors are looking for alternative investments beyond Bitcoin, and Binance Coin offers a unique value proposition as the native token of one of the world's largest cryptocurrency exchanges. Looking further into the future, there is a possibility that Binance Coin could reach a price range of 566-600 by the end of 2023, based on the ongoing bullish trend in the cryptocurrency market and the potential for Binance Coin to further establish itself as a dominant player in the space. However, as with any investment, there is no guarantee of future returns, and investors should always do their own research and seek professional advice before making any trading decisions.
Long
by InKryptLabs
BNBUSDT, Multi timeframe analysis to invest. Binance coinHello guys. Everything is explained on the chart for you like always, I think that BNB is a prestigious and unique coin. After decreasing phase, the price is in the accumulation phase and the ascending phase will start soon. So two good points to buy as a investment are 260$ and after breakout and pullback at 340$. You can consider it and monitor the price's actions in the circle to buy it. Observe the capital management and stop loss for any unforeseen event in the market. Good luck If you like the idea, do not forget to support with a like and follow me for next analysis :) Write your comment and opinion below for me . Salam doostan aziz, hame chiz rooye chart moshakhas shode be dide sarmaye gozari boland modat baraye harkat soodi movaghate market. gheymat baad az faaz nazooli varede faaze anbaasht shodeh va bezoodi faaze soodi shoro khahad kard. pas 2 noghte kharide khoob rooye hemayat 260$ va ya baad az kharej shodan az anbaasht va pullback be 340$ hast. raftar gheymat dar dayere ha ro darnazar begirid. lotfan modiriyat sarmaye va hade zarar baraye har etefagh dar bazar ro ra'ayat konid. moafagh bashid. like va follow faramoosh nashe :)
Long
by ArashBanakar
2
Binance Coin: slowdown continuesMore negative news about Binance exchanger hit the market during the previous week, hence, the price of BNB reacted in a negative manner. Namely, the CFTC pressed charges against Binance exchanger, noting violation of several provisions on the US commodities law, whose aim is prevention and detection of the money laundering and terrorism financing. This news was not positively welcomed by the markets, in which sense, the price of BNB went from $330 down to $310. Around this level BNB is also finishing the week. Regardless of the drop in price, RSI continues to move around level of 50. This means that the market is just not ready to choose the trading side. Moving averages of 50 and 200 days continue to move as two parallel lines, which still hold a Golden cross occurred a few weeks ago. It could be expected that the market will remain sensitive to the news regarding CFTC`s charges against Binance, in which sense, risk of the further downside in the price of BNB holds. In this case, the price of BNB might go down to $300 support, with lower probability for a short term stop at $280. On the opposite side, price might recover to the previous levels between $320 and $330.
BINANCE:BNBUSD
by XBTFX
BNB is trades inside downward channel and can continue to fallHello traders, I want share with you my opinion about Binance Coin. Looking at the chart we can see how BNB/USDT bounced off level 265, started growing and break out the resistance line. The price continued to move uphill, broke through resistance levels 310 and 320 and reached the level 345 where it formed the seller zone. We see that after the retest of the seller zone, the price began to decline and created a downward channel, inside which it is currently trading. After the retest the support line of channel, the Binance Coin rose to a mirror resistance level 320 from which it bounced back and began to fall. The price is now trading below the resistance level and may continue to decline and break through the support level. I think that price after possible breakout support level can achieve support of channel. So, I set the targets for BNB/USDT at levels 309.5 and 298, which coincides with the channel support line. Please share this idea with your friends and click Boost 🚀
Short
by LegionQ8
1
BNB Trading Range with Bullish PotentialBNB is trading at $316, and it seems to be stuck in a range between the 0 Fibonacci level at 305.8 and the 0.5 Fibonacci level at 319. The current RSI of 48 is pretty neutral, so we don't have a clear indication of where it might be headed next. However, there are some other technical indicators that we can look at. BNB's Bollinger Bands are pretty interesting right now. The upper Bollinger band is at 325, which is pretty close to the current price. This could indicate a possible resistance level, but we'll have to see if BNB can break through it. On the other hand, the lower Bollinger band is at 304.2, which could suggest a support level. That's something to keep an eye on. The volume oscillator is currently at +8%, which means that trading volume is increasing. That's usually a good sign for traders who are looking for momentum. However, the MACD is currently at -1.8, which is a bearish signal. That means that the short-term moving average is below the long-term moving average, which could be a warning sign for traders. The stochastic oscillator is at 68, which is in the neutral zone. So, we don't have a clear indication of whether BNB is oversold or overbought. Additionally, the hourly EMA 50 is at 319.4, which is currently acting as resistance. If BNB can break through this level, it could signal a bullish trend. So, what does all of this mean for BNB? Well, it's hard to say for sure. We're seeing a mix of bullish and bearish signals right now, so it's possible that BNB could continue trading in a range for a while. However, with increasing trading volume and the potential for a break above the hourly EMA 50, we could see a bullish trend emerge in the near future. Traders should keep an eye on BNB and look for any signs of a breakout. Good luck!
by MonoCoinSignal
6
MASKUSDT Possible long ideaThe MASKUSDT has a lot of strength right now, in addition to the buying volume that has increased in the last few days, we can see that it brokeout the triangle and the SMA of 50 and the SMA of 20 on the daily timeframe, in addition to that it made a bullish engulfing exactly at the bottom of the triangle, confirming the signs of a rise in that zone. At the moment it is making a movement correction, which in my view can have 2 possible scenarios, either it will start to show exhaustion when touching the upper part of the triangle, or it will retest the SMAS of 20 and 50.
Long
by The_Trading_Wizard_
$BNB Chart Clearly Predicts A Drop- The News Story is IrrelevantSo to put the whole picture together: -BTC chart looks due for a juicy pump -COIN looks due for a juicy pump -BNB looks due for a nasty drop off (based on the chart- the channel charted, specifically)- yet they'll blame it on the sudden "news story" -US Banks look set to fail (based on the charts), and if/when they do, they'll claim that that is why BTC is pumping So all together simultaneously that's: Bitcoin pump, BNB dump, COIN pump, US banks dump
Short
by UnknownUnicorn1935796
Binance COIN BNB Price Target after the U.S. CFTC sued BinanceBinance and its CEO, CZ, are being sued in the US by Commodity Market Regulators in a complaint that claims the defendants committed “wilful evasion of US law”. This comes after the SEC Charged Crypto Entrepreneur Justin Sun and his Companies for Fraud and Other Securities Law Violations last week. Binance is responsible for 61.8% of the global crypto trading. Its Market Share is Huge! I assume we are about to witness a major selloff in the crypto industry. My BNB Binance Coin Price Targets: BNB/USDT short Entry Range: $310 - 320 Price Target 1: $295 Price Target 2: $265 Price Target 3: $240 Stop Loss: $350
Short
by BuySellMarketMaker