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Binancecoin

BNB: wait for the pullback and breakout.Hi friends! After such dump we can see how the big player accumulate the Binance Coin. It`s a first sign of bulls after massive fell the past few weeks. We can expect the continuation of pullback on BNB for the next few hours. The main thing is the volume indicator which have to show us the pressence of buyer as it was before. It can grow after: the local pullback to $200 key level the liquidity collection of the $183 key level After that price should return to the trendline and squeeze it. It will be additional confirmation of bull strength and good oportunity to open a trade. Targets: 1. $230-236 - local highs 2. $250-261 - value area Thetargets depends on BTC mood. If it show the strength other alts will easily reach the targers. This pullback was predictable as I mention in yesterday`s ideas. So now we have to just wait for our setup to open a trade. Traders, what should we expect from the BNB in the future? Will SEC ban exchange or it will copy the XRP story with long proceeding? 💻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
2
BINANCE (BNB) the range market 📖🚀Hello 🐋 Based on the chart after a long time, correction to the downside the price is close to the major support ✔️ if the price doesn't break the support level to the downside, we will see more gain beside the range market is an acceptable scenario too 📖💡🚀 and if the price breaks the range area to the upside, we will see more gain 🚀 Please, feel free to share your point of view, write it in the comments below, thanks 🐋
Long
by MadWhale
5
BNBUSDT One last flush possible before recovering*** *** For this particular analysis on the BINANCE COIN we are using the BNBUSDT symbol on the Phemex exchange. *** *** The idea is on the 4H time-frame where BNB is consolidating following the strong selling of the past 3 days. We are below the 4H MA50 (blue trend-line) and the 4H RSI recovering from a deep collapse below the 20.00 highly oversold levels. The last time we saw the exact same sequence on these indicators was during the early May sell-off. If the market is following that pattern, then we are at the short consolidation before the final collapse to the -0.5 Fibonacci extension level. That is currently around 151.75. Traders may sell this with a tight SL on today's High or wait for a buy on the -0.5 Fib, unless the 4H MA50 breaks first. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
Short
by TradingShot
4
BNB-What can SEC do??Hi everyone As SEC investigates Binance,the market continues the bear market, but in a good way( There is NO bad way for a day trader). Well, so far the market fell down and seen a reversal and fell again, that whole line screams MTR but there is always a bear argue in any situation.Let's say SEC finds something then what?? For now, we have the support level of 290$ and 280$ below and resistance level of 295$ & 300$ above and we don't have a good signal bar for today but you may see better bars in lower time frames like 4 Hours, just be care full and take care. Hope this analysis helps you in a way. I will gladly answer your questions,Just leave a comment below and PRESS THE LIKE BOTTOM please.
by HubAlgo
✅BNB: trendline breakout after accumulation.Hi friends! The BNB is trying to breakout the trend line. After the 6% growth in a few bars, the price needs to gain strength and make a small consolidation under the trend line. The targets: 1. $330-335 - first value area, local highs. 2. $354-361 - value area, big liquidity gap under it, so the price can easilly pump here. Preconditions for the growth: + volume growth at the bottom means a lot of big players buy BNB to earn on price growth. + the price rise above big vaue area $296-305 which become the support for the BNB. + Bitcoin show the strength and starts pumping what help alts also to grow. + trendline squeeze. Who will become "fuel" for this growth? Short traders, who opened trader in this consolidation expecting the dump. 💻Friends, press the "like"👍 button, write comments and share with your friends - it will be the best THANK YOU. P.S. Personally, I open an entry if the price shows it according to my strategy. Always do your analysis before making a trade.
by Yuriy_Bishko
5
BNB- A good push up inside a triangle!Hi everyone As two directors have left Binance in the past couple of weeks, the market kept going down, but less selling pressure is obvious. So there is an expanding triangle inside our daily triangle , which is a good indication of reversal ,short term. For a longer perspective , we have to see the price react to our daily triangle top or bottom.Remember that the price is in a bear trend and we don't have any indications to show this was our last flag. Resistance levels are top of our triangle and 300$ level and support levels are 295$ and bottom of triangle. Hope this analysis helps you in a way. I will gladly answer your questions,Just leave a comment below and PRESS THE LIKE BOTTOM please.
by HubAlgo
BNBUSD Long-term action planThe Binance Coin (BNBUSD) has been consolidating with the 1W MA100 (yellow trend-line) as its Support ever since the May 12 bottom and subsequent rebound. On a 1 year basis this is the ultimate range with the 705.00 Resistance and the 209.00 Support each being tested twice. There is a strong similarity between this Support rebound and the previous (late May/ early April 2021). As you see, that too consolidated after almost hitting the 0.5 Fibonacci retracement level (this time this level has been hit) with the 1D RSI printing an identical pattern on the exact same levels. That 2021 fractal reached the 0.618 Fib after one last pull-back and consolidation, so maybe we will hit 365.00 within a month's time. Technically though, we can only justify a long-term bullish reversal if the price breaks above the 1D MA200 (orange trend-line) which has been the Resistance since January 20 2022. On the other hand, if the 209.00 Low breaks, I expect a direct hit on the 1W MA200 (black trend-line) as the ultimate bottom of this Cycle. -------------------------------------------------------------------------------------------------------- Please like, subscribe and share your ideas and charts with the community! --------------------------------------------------------------------------------------------------------
BINANCE:BNBUSD
by TradingShot
5
Binance Coin (BNBUSD): Very Bearish Outlook! Here is Why: Binance coin is trading in a bearish trend this year. After a sharp bearish move, the market retraced to a solid daily resistance. Growing steadily within a rising parallel channel on 4H, the price broke its support line once the underlined zone was reached. I believe that the coin will keep falling now. Goals: 297 288 ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
BINANCE:BNBUSDShort
by VasilyTrader
7
Binance Coin Peaked vs Bitcoin?On the chart above I highlighted multiple bearish candles... The last one is very telling with increasing volume to break below EMA10, EMA50 and EMA21. This can lead to lower prices... Binance removed RSRBTC without notice. Even removed it from the delisting page... Money gone, no excuses, no explanation, no warning, no reason, no time to prepare... The same with other pairs. I withdrew all of my Bitcoins from this exchange. Very bad for business I guess. Namaste.
Short
by AlanSantana
7
BNB: INDEED A PERFECT BOUNCE.Hello traders and welcome to this BNB update once again. If you are new to my community then a warm welcome to you on behalf of all my members and professional traders. In this community, I share updates related to the crypto market including margin trading, futures, spot, and scalping. My comments box and DMs are absolutely free for new ideas and suggestions. So, feel free to interact and share your ideas. You can be a professional trader, a noob, or anything, we are all here to learn and I believe that we can help each other. Alright, then, let's get back to the chart. BNB broke out, retested, and bounced back successfully. I am expecting a rally towards $400 soon. Meanwhile, BNB may drop a little close to $325 (which will be a good entry position) and gradually rally higher. The support line is at $320 and BNB must hold this level. I am still holding my 50% position on BNB and will accumulate more if it dips. Trade setup: Entry: $320 to $326 Stop loss: $300 Target: $360, $380, $400. Trade safely.
BINANCE:BNBUSDLong
by Dexter_The_Trader