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✴️ Binance Coin Early But Has Recovery PotentialJust as we saw with Bitcoin, Binance Coin (BNBUSDT) is showing early reversal signals. The signals being early means that they are not yet confirmed, not strong. BNBUSDT hit a low 18-Jan., higher low 13-Feb., and higher low 6-Mar., yesterday. ✔️ All this action is happening right above the 0.5 Fib. retracement level for the bullish wave that started after the 18-Dec. low. ✔️ All this action is also happening right above the MA200 black line. MA200 is a strong indicator and after being conquered early January it continues to be tested as support and so far holds. This is the early signal... As long as Binance Coin (BNBUSDT) stays trading above MA200 (287) and the 0.5 Fib. retracement level (278.9), the bullish potential remains intact. The longer this pair stays above these levels and the easier for us to see a resumption of the initial move which is the bullish breakout that happened in January. That's the early signal, the potential for a recovery. On the other hand, if these levels fail undoubtably we will see this and other pairs move lower. Trading volume is really low and this feels more like consolidation... If we zoom out, see we have long-term higher lows: So it is all a waiting game... Either it goes up now or after activating the next support. The bottom line and most important detail is that the bias remains UP! Patience is key. Namaste.
Long
by AlanSantana
1
Binance Coin: slow moves to continueBNB continues to be under the impact of all the news surrounding Binance exchanger. During the previous week several senators in the US Congress requested detailed information on Binance`s business operations amid concerns over the company's practices within a field of compliance with a law on anti-money laundering that sanctions. At the same time, Paxos announced that it will halt minting new BUSD as it has been requested by the New York Department of Financial Services amid concerns over offering unregistered securities. In addition to the mentioned, there was a general negative market sentiment related to the developments with the Silvergate bank. All this drove the BNB`s price to the downside, to the level of $288, where the coin is finishing the week. During the whole previous week, the price of BNB was pressured to the downside, with prevailing selling orders as of the end of the week. Still, at the beginning of the week the price was struggling to hold around the $300 resistance line, but without success. During the week the RSI indicator was pushed further to the downside, below level of 50, reaching level of 38 as of the end of the week. This is a clear indication that the market is eyeing the oversold side, leaving some space for the price to move further to the downside. Moving average of 50 days clearly slowed down its divergence from MA200 counterpart, putting into question recent Golden cross. Considering significantly decreased daily trading volumes on the crypto market, there is indication that the price of BNB will continue with slow moves during the week ahead. There is a probability for the price to move further to the downside, only if the current short-term stop at $280 does not hold selling pressures. At the same time, the $250 support line is still far away, in which sense, there is currently a low probability that this level might be tested in the week ahead. In case that $280 holds, then there is probability for a quite a short reversal, at least to the level of the resistance line at $300.
BINANCE:BNBUSD
by XBTFX
BINANCE - Higher Timeframe OverviewFrom looking at BINANCE, we can see that we are still in wave 4 which is an ABC correction. We are now in wave B which is broken down into 3 subwaves. We've seen subwaves A and B and now in subwave C. See lower timeframe analysis for the breakdown. Trade Idea: - Watch for completion of subwave C (of Wave B) - Once complete, watch for C wave to make an impulse down (it can be an ending diagonal) - Watch the structure at the lows if we bounce from it. - Targets: 680, 870, 1000 ,HODL the rest and manually close. Goodluck and as always, trade safe!
BINANCE:BNBUSD
by WicktatorFX
3
Will the same scenario be repeated?As you can see on the weekly chart, the similarity between the 2019 wave and the 2023 wave. You will notice that there is a strong rise after breaking the resistance of 5500 in 2019 due to the impulse of the fifth wave. We expect the same scenario to happen in 2023. It is still an impulsive wave, which will break the resistance of 25000 and allow trading above it. don't forget to support us with ur like , comment and follow for more ideas.🎯
BITSTAMP:BTCUSD
by ceciliones
45
BNBUSD Bull flag targeting $390The Binance Coin (BNBUSD) is below its 1D MA50 (blue trend-line) trading inside what seems like the early stages of a Channel Down ever since the rejection on the 336 Symmetrical Resistance (which has formed 3 tops since May 23 2022). The last such rejection though formed a similar Channel Down (red) that ended up being nothing more than a Bull Flag that later made a Higher High. The Higher High bias emerged as the pattern since June is a Channel Up. This time BNB has the 1D MA200 (orange trend-line) as a Support and not as a Resistance and is coming off a 1D Golden Cross. We are bullish and our first target is Resistance 1 (398.0) and if we get a 1D candle closing above, then extension to Resistance 2 (460.0). P.S. We have been medium-term bullish on BNB since December: ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
BINANCE:BNBUSDLong
by TradingShot
5
Binance Coin: without strengthPrevious week was generally marked with decreased market optimisms, related to the inflation figures and potential further FED`s increases of interest rates. However, since the beginning of the year, BNB did not manage to make some significant moves, where the coin has been impacted by the all news surrounding Binance exchanger. During the previous week there has been additional news related to Binance in which SEC puts some notes to Binance`a proposed acquiring deal with Voyager, a recently failed crypto lender. Namely, the regulator believes that Voyager`s native token VGX is a security and as such it should have been properly registered. In this sense, the sale of unregistered securities is prohibited by the law in the US. The level of $320 was a starting point and a highest point for BNB during the previous week. Regardless of general market sentiment, the coin made only incremental moves toward the $300 support line, where BNB is finishing the week. Selling orders prevailed on the market during the whole week, but with very low daily trading volumes, there was no strength for some higher moves. RSI crossed the 50 line, indicating that the market is currency more oriented toward the oversold side. The positive development is with moving averages, where MA50 continues to strongly diverge from its MA200 counterpart, confirming recent Golden cross. BNB will start the week ahead by testing a $300 support line. In case that selling orders prevail there is some probability for this line to be breached. However, considering significantly decreased daily trading volumes, some significant moves should not be expected. Most probable level in this case would be a short term stop at $280. On the opposite side, there is currently quite a decreased probability that BNB could return to $320 level.
BINANCE:BNBUSD
by XBTFX
1
Long on BNB-USDI'm looking for a high of $310 on the day. I'm not expecting it to do much more than trade sideways. If the preliminary support can be viewed as such, than I suspect we may see a breakout. Bare in mind as we close out Q1, that at the end of Q2 there is a forecasted burn. Which is why you'll see recovery from downtrends. Around this time approximately>>> 2022 : $375.04 USD | 2021 : $228 USD | 2020 : $20:39 USD Current Total Crypto Market Dominance: approximately 4.51% Opinion on regulatory climate: I'm going to accumulate regardless of "news", or "rumors"... I'm aware of the scrutiny surrounding PAXO's... and I'm unbothered by it. It's good to know, but it hasn't changed my perspective to accumulate as much BNB as possible ahead of the Litecoin & Bitcoin Halvings. I'm aware of the 200 jurisdictions having signed onto an FATF agreement to regulate crypto.... the delegates actually did agree on introducing implementation on FATF standards... so the industry will see an introduction of a framework that largely benefits exchange operators such as Binance. How so?... it wont come into effect until the second quarter of 2024. Exchanges have a full year to work with, and adjust to a new global regulatory climate. Those whom are new to market will see the space as "cleaning up"... i welcome it. BNB Chain deployed the most dApps in 2022. BNB Chain deployed 2,163 dApps Global Expansion: Q1 Observations - - CZ plans to expand Binance headcount by 33% in 2023 - CZ suggests algorithmic stable coins may reemerge (a multichain stable) - Tripling of validators too a set of 100 - Introduced third chain; BNB Greenfield + Optimism Roll Ups EOY Guess: Last Bull Run vs this "Mega Bull Run".... i think BNB on the low end touches $900, on the bullish side it crosses $1200 USD, settling to $797 at the conclusion of the bullrun mid Q2 of 2024.
Long
by BIG-BLACK-CRYPTO
2
BNB is the strongest asset!Hello, traders! As you know I expect the price of Bitcoin below $15k, therefore most of altcoins can lose up to 70% from their current price. The BINANCE:BNBUSDT is the exception. Let's take a look at the Binance coin's Elliott waves structure. The Awesome oscillator allows us the define the wave 3 bottom and build the analysis based on that. Wave 3 was shorter than wave 1. It means that wave 5 could be even trimmed one. In the worst case I expect only slight lower low. Taking all these facts into account I am going to buy BNB below $200 , for me it's good price for long term investments. I also want you to bring attention that wave 4 is a complex corretion. It's untradable market struture. This wave can be already finished or make another one leg up, it's really difficult to predict. Best regards, Ivan ________________________________________________________________________________________________ If you like my trade ideas, please smash the boost button to stimulate me make more quality analytics!
Short
by Skyrexio
9
"BNB Technical Analysis: Bullish Long-Term Trend & $2000 Target According to the current market situation, BNB is being traded at approximately $300 and it has been fluctuating between $200-$300 for the past few months. Looking at the weekly chart, $340 is a significant resistance level, and if the price falls below this level, there could be a further downtrend. It is expected that BNB will reach a 0.5 Fib retracement level, which is around $160, but if the price fails to hold this level, the best opportunity to buy may be around $100. A bull flag also forming in the high-time frame, indicating a bullish long-term trend, so it is recommended to accumulate #BNB for the long term. The long-term target for BNB is $2000. The support levels are $250 and $160, and the resistance level is $340. This chart is for educational purposes only, and it is not financial advice.
Short
by CryptoPatel
3
BINANCE BIDOWNJust simple! BNB graphic is clearly rare.. there is a "mysterious force" that before brings BNB prices up from the bottom. Time for BNB to look below. This area has made BNB grow big. So don't forget them, look a lot of them who want to join BNB, unfortunately they are waiting in the underground area. Maybe this feels impossible. But we'll see what kind of news there is when BNB is in the 420-500 area. Maybe a lot of people are laughing, But I suggest you to keep this record.
Short
by pungkymegawan
Binance ($BNB) : Consolidation after rally in near term?Hello everyone! From a technical point of view $BNB is very interesting in short and medium term, having said that, the trend is still bearish and on the daily chart we are approaching an important resistance area around 340/360 (potential wave V). With this in mind, some consolidation pullback are possible, so it might be interesting to look for some reversal patterns on lower time frames (intraday). ...trade with care! 👍 Cheers! N.B.: Updates will follow below If you think that my analysis is useful, please... "Like, Share and Comment" ...thank you! 💖
by TheAnonymousBanker
6