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Binancecoin

Binance Coin Price Analysis — July 11Binance Coin (BNB) resumed its retreat from the $243 area on Monday, bottoming at the $230 support. The fifth-largest cryptocurrency has hovered above this line for most of today, indicating a potential rebound in the coming days. From a broader view, BNB trades within a large bearish flag as illustrated on my 4-hour chart, supporting the possibility of a near-term rebound towards $250 in the coming days. Eventually, we could see a dip to the $215 after BNB runs out of momentum within the channel. Meanwhile, my resistance levels are $230, $260, and $280, and my support levels are $200, $180, and $160. Total Market Capitalization: $911.4 billion Binance Coin Market Capitalization: $35.4 billion Binance Coin Dominance: 3.88% Market Rank: #5
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by Mr_Wogbe_Alex
#Binance Coin Bulls Upbeat, BNB Likely to Ease Past $242Past Performance of Binance Coin Like the rest of the crypto scene, the BNB coin is relatively stable and bullish in the short term. Considering the formation in the daily chart, traders expect more upsides in the short term as long as prices trend higher, above crucial support levels registered last week. Currently, prices are above the middle BB, and bulls are actively absorbing bear pressure. #BNB Technical Analysis BNB volatility is low, and prices are stuck within tight trade ranges, evident in the daily chart. Prices edged higher on July 5 and bulls can double down in subsequent sessions as long as prices are above $212. If prices print higher above $242, risk-averse traders may begin loading up with immediate targets at $335. This formation will unwind losses of mid-June and set the foundation for a possible swing towards April 2022 highs of $455. Conversely, if BNB unexpectedly slips below $212, BNB will likely post more losses, sliding to 2022 lows of around $185. What to Expect from BNB? Traders are bullish. Still, at spot rates, BNB has strong resistance at $242. A break above this level may propel the coin to key reaction levels in H1 2022, signaling the initial stages of price bottoming up after sharp downturns in the past few months. Resistance level to watch out for: $242 Support level to watch out for: $212 Disclaimer: Opinions expressed are not investment advice. Do your research.
Short
by Bitcoin_Analyzer
📊BNB: will the bearish wedge become bullish? Hi friends! Binance Coin looks strong. Now it`s consolidate in rising wedge which is clasical bearish pattern. But in crypto it`s little bit different. In this idea i explain preconditions and targets for next BNB movements. All the crypto follow BTC and it`s looking stronger then monthes before. Also SnP 500 start to grow that help the crypto market also to stabilize after the fall. I think in a few days price will make some false breakout of it`s highs and fall down to support area of $213-227 or little bit lower to collect the liquidity. And here is the main thing! A lot of traders starts to open a short on a rising wedge breakout. As i mention before the rising wedge are not only bearish pattern in crypto and it`s depend on situation. Now the price of this alts fall for 80-85% and take a short here a little bit dangerous and it can make only professionals with clear local targets. Big part of the retail short traders become the fuel for growth because the price won`t go lower but return to the wedge again and will rise to our targets. Check this idea to understand how to trade the wedges in crypto! The targets are the closest value areas: 🔥 $255-260 🔥 $269-273 🔥 $295-308 🚩Always pay attention to volume. Only this indicator will help to identify the reversal points! 💻Friends, press the "like"👍 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
Binance BNBUSDT - Macro Elliott Wave Analysis + RSI + Volume- As per my Elliott Wave analysis on the weekly chart - this coin looks very strong and we should experience more bullish sentiment. - We are currently in the huge impulse wave 3, subwave 4. - If we take a look at the volume , pretty much no one is selling, which is a good sign. - 200 weekly moving average is considered as a massive support by big instituions and we are currently very close to this level. - On the RSI indicator there is a bearish trendline , that can start a new uptrend when it breaks up. - BNB is the safest way to speculate on altcoins. - Look at my ideas about another interesting altcoins in the related section down below ↓ - For more ideas please hit "Like" & "Follow"!
Long
by UnknownUnicorn2537518
3
BNB: Daily Market ReviewMarket Conditions The market is bearish. We have the downtrend and a correction movement to MAs and the major resistance area. Valuable Areas The nearest resistance is 20MA where we should be ready to see a reversal in the direction of the main trend. If the price moves higher, the resistance area around $250 will be able to stop the bulls. Trade Opportunities How to trade? If we talk about trend-following approach, we should wait for reversal setups around the key resistance and MAs. A breakout below the counter trend line will provide a bearish signal as well. For buying, we can do it only if our goal is to average long positions. For position trading there are no fundamental reasons. The same goes for investing. The price doesn’t reach the bottom which can be around $140 and $100 levels. As for day trading, it makes sense to follow the bullish sentiment in the market and search for possible bullish signals in the minute time frames. Here is a new format, what do you think about it? How it should be improved? Share your thoughts in comments. P.S. In such posts, I don’t want to give you the exact trading signals, as it won’t motivate you to improve your knowledge and trading approach. But this information should help you to understand better in which market conditions you need to trade. And this information can be used for planning your own trades which match your style, conditions and goals.
by DLavrov
4
BNBUSDT AnalysisHello traders! Welcome back to another episode with Analyst Aadil1000x. As I always teach you never Buy Inverse Head and shoulder, and never sell Head and shoulder. It's always good to do the opposite. We can see BNB formed a reversal pattern after a breakout and a dip after that. Now BNB is at the magnetic line, This is a type of line where the market keeps forming pattern above and below it. If we look at the current pattern, it's an extended one and most probably the market will leave this magnetic line and drop hard after this pattern is completed. If it moves upwards then we will see another pattern above the line and the market will drop after that. Don't forget to hit the like button and follow to stay connected.
Short
by Aadil1000x
Will BNB be supported?Hello to all members of TradingView and my followers. BNB reacted again during the last week after hitting the $243 range. The price of this currency reacted because it had hit one of the resistances of the Pivot Points indicator and also due to the high slope of the previous downward trend. In general, two strong return ranges have been considered for this currency, and if the price hits them, there is the potential that the price trend in the daily time frame will turn into an upward mode again by reacting to one of these levels. The first support is located at the price of 186-188.6 dollars, which can be confirmed both in the past and by the pivot point indicator, and finally, the second support has the potential to hit this area in case of a sharp price drop and the last possible drop. It is in the range of 155.3 to 148.4 dollars. In general, as long as the support of $200-210 is maintained, the price can react to this level and make another return to the range of $243 and even $268. If it is helpful to you, please like it. If you have a comment, I'll be happy to know. Respectfully.
by MonoCoinSignal
13
BNB/USDT Bullish Breakout Is Very near And Target ..?#BNB/USDT Technical Analysis:- $BNB currently trading at $330 Level. If Success to Breakout Suoertrend Resistance area $337 then We can see $286 in Short term. But Must Need to Candle close above. But I am buying Some Position Here around $230-$220 Resistance:- $268/$286/$322 Support:- $210 Resistance = Targets ( After Breakout) But If Stop Loss hit Mean Long Setup Invalidate and Short Entry triggered. Trading Wisely Guys.
Long
by CryptoPatel
4
CHILIZ Daily TA : 06.24.22 : #CHZExamining and Analysing the #CHZ Chart : The important supply and demand ranges are marked on the chart, and if the price react to these zones , we can look for triggers for Short orLong positions. Follow us for more analysis & Feel free to ask any questions you have, we are here to help. ⚠️ This Analysis will be updated ... 👤 Arman Shaban : @ArmanShabanTrading 📅 06.24.2022 ⚠️(DYOR) ❤️ If you apperciate my work , Please like and comment , It Keeps me motivated to do better ❤️
Long
by ArmanShabanTrading
1