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Binancecoin

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
Binance Coin: a short reversalDuring the last two weeks BNB, as other major coins on the crypto market, benefited from the news on the banking crisis. However, the price of BNB, although on the up road, was still moving in a relatively steady manner. The coin headed toward the $350 resistance line, but it did not have strength to clearly test this level. Rather, the highest weekly level was at $345. The coin entered into a short reversal, finishing the week around $320 level. During the week, RSI reached the clear overbought side of the market, when it entered into a short reversal to the downside. RSI is currently moving around level of 54. This suggests that soon the indicator might move below the 50 line, and head toward the oversold side. This increases the probability that BNB might test lower grounds in the coming period. Moving average of 50 days slowed down its divergence from MA200, so now they are moving as two parallel lines. The Golden cross from a few weeks ago still holds. Market sensitivity about new news on banking contingencies still holds, in which sense, any surprises on this side, might trigger higher moves on the crypto market. In this sense, investors' precaution continues to be advisable. Still, in case that there are no surprises, BNB might revert a bit to the downside, at least to test the support line at $300. At this moment there is no indication that the price could go below this level. On the opposite side, BNB might try to test a short stop at $330 once again, before it starts challenging $350 resistance in another attempt.
BINANCE:BNBUSD
by XBTFX
Bnb | Needs More Buyers Bnbusdt Support can be retested once again, if the interest of buyers is seen on support, BnB will definitely fly. But for now be careful and show patient. I am expecting a correction to 290-270$. Remember: We only give Idea's from our experience and knowledge, it does not mean that it will be 100% correct, the market is always unpredictable, anything can happen anytime. Always trade with your own research and knowledge.If You Are Satisfied With Our Work Then Join.
Long
by Crypto-By-Ghazi
1
A Guide to Critical Support and Resistance LevelsLet's take a look at Binance Coin (BNB) and what the current price of $331 tells us. Looking at the Relative Strength Index (RSI), we can see that the asset is getting close to overbought conditions, but it hasn't quite hit that danger zone yet at 68.80. However, we also see some bullish signals as BNB is trading above the Daily EMA 100. Now, let's dive into some Fibonacci levels. Binance Coin has broken through the 0.5 Fibonacci level at $296.4 and is currently trading above the 1 Fibonacci level at $327.8, which is also the upper Bollinger band. This is a good sign for BNB, but it could also mean that $327.8 is a strong resistance level. If the asset fails to break through, it could fall back to the 0.5 Fibonacci level. The Bollinger bands are also relatively tight, indicating low volatility. The middle Bollinger band is at $267.5, and the lower Bollinger band is at $297.6, which is close to the 0.5 Fibonacci level. This suggests that there is strong support for BNB at this level. However, if the asset falls below it, that could be a bearish signal. Moving on to the volume oscillator, we can see that it's at 15.46%, which is relatively low. This means there isn't a lot of buying or selling pressure on BNB at the moment. On the other hand, the MACD is at 3.3, which is a bullish signal. Finally, we have to take a look at the recent news surrounding BNB. Some analysts are questioning whether it's time to cash out due to the low volatility and potential risks associated with the asset. While the asset has been experiencing a steady rise in price, traders should keep an eye on key resistance and support levels, as well as any significant news developments that may affect the asset's price. Overall, BNB appears to be in a relatively stable position, with some bullish signals but also some potential resistance levels to watch out for. As always, traders should be cautious and keep an eye on the market and news developments.
by MonoCoinSignal
2
Binance Coin Bear RunAll the markets, they all move in cycles. They move up and down, up and down... Look at the volume... It goes lower and lower before the final drop. As the drop is happening bear volume starts to increase and it ends with strong bull volume showing up. You don't see this type of volume when prices are set to grow. We are now looking at Binance Coin's (BNBUSDT) bear run. It will recover of course after the bear run is over, see the green arrow... Make sure to support me in whatever way you want if you enjoy the content. I am 100% crypto so my money will evaporate for sure, just like yours, and I never short my crypto-coins. When the market goes down, your capital goes down. When the market goes up, your capital goes up. Be in the market. Buy when red. Sell when green. That's all. Namaste.
Short
by AlanSantana
1
BNBUSD Still inside a Triangle despite the recent surgeBNBUSD is trading inside a Triangle pattern since May. The price is at the moment very close to the Triangle's Top. Trading Plan: 1. Buy if the price breaks over the Triangle' Top. 2. Sell as long as the price trades under the Triangle' Top. Targets: 1. 398.0 (Resistance 1) 2. 270.0 (1st Rising Support of the Triangle). Tips: 1. The RSI (1d) about to break inside the overbought zone. An RSI of at least 75.00 has formed the previous price highs. Please like, follow and comment!!
BINANCE:BNBUSDLong
by TradingBrokersView
Binance Coin has tested resistance area and can to declineHello traders, I want share with you my opinion about Binance Coin. Looking at the chart, we can see how the Binance Coin re-tested the seller zone, from which it begin to decline and broke through the support area 324-319. Price continued to decline and formed the downward wedge. We can also see how the price broke through the resistance line of wedge, resistance level 300 and continue to grow. Currently, the price has tested the resistance area and decreased. Binance Coin can continue to fall and achieve the closest support, so I set goals at levels 310 and 300. Please share this idea with your friends and click Boost 🚀
Short
by LegionQ8
5
✴️ Binance Coin Above Resistance, $565 Still Next!
Remember those article where I predict Binance Coin (BNBUSDT) at $500+? We are perfectly on track, I will list the trade idea at the bottom, "Related Ideas". This week Binance Coin resumes growing with force and moves above EMA50 and EMA100 after a strong higher low/DragonFly Doji. ✔️ Bullish MACD, bullish RSI, rising Volume, Time To Go Up! Everything is going as we predicted. Enjoy the profits. Thanks a lot for your support. Namaste.
Long
by AlanSantana
bearish market come to endafter BTC bulls have successfully defended the 20k support level and bounce back. Bulls also breakout the 200EMA resistance on the daily chart and be so close of the neckline level on the chart u can see the most possible scenario from my vision... let me know your opinion in the comments i see btc may visit the 22k level again before another bullish and it will a good chance to buy there i see bulls have to breakout the 25k crucial resistance which located on the neckline of H&S pattern and if this happen it would reach the 30k level thanks for your support... hope you are enjoy with trading
by ceciliones
11
Binance Coin: questionable recoverySilvergate Bank, Silicon Valley Bank, FED Chair Powell and inflation issues were too much information for a one week for markets to handle. General negative market sentiment made an impact on all coins, where BNB lost less than 5% in its cap during the single week. It should be noted that for the last three weeks BNB was loosing strength due to negative news surrounding Binance exchanger. Selling orders were dominant during this period, and BNB was pushed down to lowest weekly level at $265. The coin is finishing the week around $280 level, which is a short term stop before a heading toward the $300 resistance. The $250 support line has not been tested during the previous week. As of the time of general market sell-off, the RSI indicator was pushed down quite closely to the level of oversold market, but the clear oversold side still has not been reached. It leaves some space for the price of coins to move lower to the downside. Moving average of 50 days has slowed down its divergence from MA200 counterpart, which might impact the Golden cross technical formation that occurred at the beginning of February. The week ahead requires investors and traders precaution. It might take some time until the market calms down, after the shocking weekly news. In case of further negative sentiment, the price of BNB might slip to the downside, and to the level of $250 support line. Still, in case that there is no further negative news, then it might expect some recovery, at least to the level of $280 up to $300 resistance line. Some sort of significant move to the upside should not be expected during the forthcoming period.
BINANCE:BNBUSD
by XBTFX
1