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Binancecoin

#Binance Coin Recovers, BNB Prices May Rally to $300Past Performance of Binance Coin Binance Coin is in green at spot rates, adding four percent against the greenback. BNB gains may be attributed to market-wide gains over the last 24 hours. Despite these welcomed recoveries, sellers have the upper hand. BNB prices may break above critical resistance levels for trend continuation. Currently, the primary support lies at around $260, while resistance is at $300. #Binance Coin Technical Analysis BNB prices bounced from the 50 percent Fibonacci retracement level of the June to August trade range. The recovery mirrors September 7 bulls and reaffirms the significance of the $250 support—a multi-week accumulation line. While the September 22 bar is wide-ranging, volumes are comparatively low. Therefore, traders may wait for a follow-through above $280 and the middle BB. If buyers flow back, risk-off traders may look for long entries on dips above $250, targeting September highs at $300 and later $340. Conversely, a sell-off below $250 invalidates this bullish preview. What to Expect from #BNB? Overall, Binance Coin bulls are resilient. Losses of the past weeks were limited to around the 50 percent Fibonacci retracement level. If bulls build on yesterday's gains, BNB prices would likely expand to retest August highs in a buy trend continuation formation. Resistance level to watch out for: $280 Support level to watch out for: $250 Disclaimer: Opinions expressed are not investment advice. Do your research.
Short
by Bitcoin_Analyzer
Binance BNB is the True Store of Value Crypto AssetBinance is an extremely strong asset, refer to its BNB-BTC chart for evidence. _______________________ At Binance our focus is always on supporting ecosystem growth. During this downturn and all market cycles, our goal is to continue building and investing in the industry and projects to spur adoption and further infrastructure growth. Historically, bear markets have been great periods for focused and long-term-minded builders. You need only look at Polygon during the 2018-2019 bear market as a leading example, which is one of Binance Labs’ strongest portfolio companies. This time, we continue to be bullish on our capability to support founders looking to build innovative, long-term solutions for our industry. As we look back over the past five years, our hard work to adapt and evolve from a disruptive startup to a respected global institution is evident. We have always put our users first and at the center of our core values, ensuring their best interest and protection. We also want to underline our commitment to regulatory compliance and achieving the highest standards alongside regulators, policymakers, and industry players. We will continue to be involved and support smart regulations that protect users and encourage innovation in a sustainable manner. Looking five years ahead, we’ve got an incredible number of innovators working in our ecosystem. They will do amazing things. Naturally, we’ll continue collaborating with regulators to achieve our mutual goal of protecting users and consumers. We’ll also work to further establish the industry and bring more adoption and legitimacy as a responsible player. The vision is clear, the goals are set, and Binance is as ready as ever.
Long
by noam_chom
BNBUSD Repeating the April-May sell fractal. How to trade this.The Binance Coin (BNBUSD) has been correcting on the medium-term since the August 10 High, the rise that it posted after the June 18 Low. So far, it has retraced to the 0.5 Fibonacci retracement level. Having been rejected on Tuesday on the 1D MA50 (blue trend-line) following the main rejection on the August 10 High on the 1D MA200 (orange trend-line), it appears that BNB is repeating the fractal of last April - May. As you see on the chart, a 1D MA50 rejection on May 05, caused the price to break below both the 0.5 and 0.618 Fib to a new low on the 1.786 Fib. The 1D RSI sequences are also similar being both within a Falling Wedge pattern. As a result, if the price breaks below the 0.618, we'll consider it a bearish break-out signal, in which case you can target the June low. The 1W MA200 (red trend-line) is expected to provide the next Support. In order for us to turn bullish again, we need to see a candle closing above the 1D MA200, a trend-line that has been intact since January 20. At the moment the Higher Lows trend-line and the 1W MACD Bullish Cross (which is the first since October 2021) are in favor of the bullish case. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
BINANCE:BNBUSD
by TradingShot
1
How to make profit on BNB❓✅Hi friends! Top exchange altcoin continue to grow. I think it will be the top gainer for the next 2-3 years but in this idea i show the best entry point of you miss the entry last time. First of all, you had a chance to enter the trade at the false breakout of the trendline after which this PUMP heppend. Now we can see the reverse Head ans Shoulders pattern which help us understand the current global situatio on crypto. If we undestand the global situation so the local trades will be much clear for us because we know in which side better to trade. The price come to the value area nd huge trendline which i resistance, but as we can see there is huge pullback. It`s a bullish signal for us✅ 📊 Preconditions to open the long: 🔥 squeeze to the $297-307 value area 🔥 volume growth before the PUMP 🔥 whales orders to BUY before the PUMP. You can see it on the DOM and Footprint scalping tools 🔥 bullish BTC help the BNB reach it`s targets 🚩 DOM and Footprint are the tools which helps me to identify the whales BUY and SELL orders wall. The whales orders very often reverse the price. Also, we can open our longs with short stop loss below this order walls and highest RR ratio. I hope to see the buy orders on the pullback or during the squeeze to the value area! 📊 The targets: 1. $308 - the key level 2. $317-323 - the value area 💻Friends, press the "boost"🚀 button, write comments and share with your friends - it will be the best THANK YOU. P.S. Personally, I open an entry if the price shows it according to my strategy. Always do your analysis before making a trade.
by Yuriy_Bishko
2
Binance Coin (BNB) - monthly analysis, the time of truth.Intro: Being a good financial trader does not mean '' guessing '' the trend every time but being ready for any eventuality. Market analysis: The Wall Street market and BTC appear to be recovering after months of bear market. Even if we are not yet in a bull market, we can see how this downward correction phase in many cryptocurrencies is forming a '' Falling Wedge '', or a bullish pattern. If in the coming days and weeks we continue to rise, we could finally say goodbye to this bear market that has lasted for almost a year in crypto. Technical analysis: 1) If we break the falling wedge and the market, as mentioned above, goes upwards, even (BNB) will go to look for new highs. 2) The average 50 (orange line below the local low) at one month provided technical support to the price which if it rebounded would be a great show of strength of the medium-term uptrend. 3) There are two resistances: a) Falling Wedge (the yellow outer band) b) The front minimum point (red box) in the price range $ 330 - $ 377 so if the price breaks by finding a future support in that area (orange) or it breaks it decisively on the upside (green) we would officially be in a bull ran. 4) We used Fibonacci Ext. To evaluate the extent of the trend and find potential first upside targets. $ 1k and $ 1.3k seem to be the closest and most rational targets. Should the price be pushed back on the resistor (red) and the price will continue to fall looking for support in the $ 40 zone. Conclusions: We believe that the trend is changing to the upside and the bear market is ending, so we believe that a fall in the price is less likely. However we are still in the Bear market and we really have to get out of it. We as LPI are continuing to accumulate in this price zone. These are months of unrepeatable discounts in the crypto market, if we believe in the project or in the speculative potential we have to buy when the market is low! Thanks for reading, if you liked it, put a like and leave a comment. Good trading LPI
Long
by LPI_Investments
BINANCE COIN PERSONAL ANALYSIS IN THE LONG TERM (SECOND TRY!?)The total evaluation for the BNB coin is bearish. Please be mindful of the risks in each trade you do and consider your risk tolerance as well to avoid any sort of unnecessary repositioning or panic selling/buying. I see a big potential for BNB to break to the upside, embarrassingly enough the breakdown we just had days ago is still within the rising wedge for BNB but not with others, this means that BNB can still go form a higher-high and then dump. However, this higher high would more likely to be a fake-out and a desperate plea. The NASDAQ and the SP500 was able to end the day with a bullish harami which is a very bullish indication of a reversal point, now we are currently building a healthy market structure based on RE-TEST instead of just dropping rapidly in one fell swoop. --------- Like the chart? Boost, comment and share it to your friends!
Long
by Wamses
BNB Binance Coin bearish sentimentSeptember has major catalysts for the crypto market as well as for the stock market. The Ethereum merge on September 6th, that will end on Sept 20, the inflation report on September 13 and the next FOMC meeting afterwards with the new interest rates hike. That is reflected in the crypto space in general as a bearish outlook. BNB Binance Coin has a negative overall sentiment recently. I have the following price targets: BNB/USDT Entry Range: $270 - 285 Price Target 1: $250 Price Target 2: $229 Price Target 3: $203 Stop Loss: $310
Short
by BuySellMarketMaker