Binance Coin Price Analysis —January 10Binance Coin (BNB) resumed its downward spiral on Monday, as it became apparent that bears are now in control of the market bias. BNB now trades along my multi-month-long descending trendline towards the $410 - $400 support area. That said, I expect to see a bearish continuation over the coming days along the trendline as we continue to witness a breakdown of the bull cycle.
Meanwhile, my resistance levels are 436, $450, and $460, and my support levels are $410, $380, and $350.
Total Market Capitalization: $1.91 trillion
Binance Coin Market Capitalization: $70.8 billion
Binance Coin Dominance: 3.7 %
Market Rank: #4
Binancecoin
BNB Dropped as ia said, what's next? Few weeks ago i warned that if BNB lose its support next stop will be 440(post tagged below). Now it seems BNB also is losing 440 and i see no reaction to this support. Please note any daily candle below 410 will directly send BNB to 260.
Good luck
BNBUSDT-SHORTBased on technical factors there is a short position in BNBUSDT Binance Coin
BNBUSDT Binance Coin
Score 2️⃣
🔴Short Now or set on Key Level 444.2
🟢Target 1 420.3
🟢Target 2 400.4
❌Stop loss 451.7
#K_Level
Every signal has a score from 1 to 5, so accordingly adjust your risk for each signal. The signals with the score of 5 are the most probable ones.
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BNBUSD Recovery at the 200MAPrice is currently testing the 200MA
This has been seen as a support level two times in prior
Price will likely stabilize around this 200MA on the Daily chart
BNB follow BTCBNB is currently on promotion, BTC affects the whole market and with a potential change in the trend of BTC and a strong rebound in price, the whole market will also rise, it is worth to be patient, because such situations have already occurred in the past
BNB, ON FIB 61.8 STRONG SUPPORT...!BNB has retested the previous dynamic resistance line as a good support. Also we are on a possible fib 61.8 support area.
*This is not a signal for entry. Do not forget to add sl.
BNBUSDT - EW analysis - (4) of ((3)) bounce before further downIt expecting lower in abc correction from the major high. Currently it correcting in sideways within (4) of ((3)) and expecting two more lows to end the c within the bearish sequence. The Total crypto market cap chart also favoring the similar outlook in short term cycle. (4) correction can be bounce between 461- 475 area before it start the next leg lower in (5) of ((3)).
$BNB/USD 2D (Binance Coin-Futures) Ascending triangle on supportBinance Coin is accumulating and holding above 100EMA for months now, it's likely to make new All Time High next year, let's swing!
Risk/Reward= 1:2.5 | 1:3.61 | 1:5.83
Expected Profit= +60.52% | +128.76% | +247.49%
Possible Loss= -24.26%
Fib. Retracement= 1.117 | 1.414 | 1.764
Margin Leverage= 1x
Estimated Gain-time= 5 months
www.binance.com
⚡️⚡️ #BNB/USD ⚡️⚡️
Exchanges: Binance Coin-Futures, BitMEX
Signal Type: Regular (Long)
Leverage: Isolated (1.0X)
Current Price:
525.800
Entry Zone:
527.931 - 464.347
Take-Profit Targets:
1) 796.4
2) 1134.96
3) 1724.05
Stop Targets:
1) 375.79
BNB BEST ENTRY PLACE FOR LONG TERM 🔥🚀 Hello everyone,
On the daily chart, BNB is now in support of the uptrend trend since February 2021. If you are considering making a long-term investment, a position can be opened with a stop loss. You can put your stop loss on closes below $433.
This is NOT financial advice, you are responsible for your own trading decisions.
** If you enjoyed the idea please LIKE and FOLLOW **
Let me know what you think below!
BNB inside a triangle A triangle has been formed on BNB chart
Any break below 500 will send the price to the next support at 440 and if the price breaks the trendline it will go up to next resistance at around 600.
Good luck
Quick Trade for BNB/USDT. | Technical Analysis for BNB/USDT Hi Traders,
Here is the Technical Analysis of Binance Coin BNB/USDT. So you can Enter at the given levels.
You can take a Quick Entry as the Market Sentiments is in EXTREME FEAR. So there is a huge chances of reversal.
Make sure that you use a Stop-Loss.
So take trade accordingly and add your some technicals and make some good Money.
Disclaimer : Crypto Trading involves a high risk. Make sure that you do your Technical Analysis too. Make sure that you don't use much leverage.
BNBUSD Bounce from $505 LevelLooking at the chart of Binance Coin on the 4-hour time frame we can see that it is currently ahead of Bitcoin & Ethereum in terms of market movements, and is sitting above its level of support that the other coins are currently trying to break free from.
Binance Coin also regained this long-term uptrend in the bullish channel, which indicates that the bull market is still well and alive, gearing up for its next pump up.
From here, Binance Coin faces little to no resistance until around the $600 level, where there is a distribution zone between $596 - $638 that we’re going to see a 1st touch rejection off of.
As always please do your own research, I am not a financial advisor.
BNBUSDT-LONGBased on technical factors there is a long position in BNBUSDT Binance Coin
BNBUSDT Binance Coin
Score 2️⃣
🔵Long Now or set on Key Level 505.5
🟢Target 1 519.3
🟢Target 2 531.0
❌Stop loss 500.0
#K_Level
Every signal has a score from 1 to 5, so accordingly adjust your risk for each signal. The signals with the score of 5 are the most probable ones.
Please support our activity with your likes and comments.
The negative trend is establishedThe negative trend is established. Weakness is seen in the fall motion. If $ 570 is broken, the trend will be bullish again for a short time, and I expect resistance testing. If it loses $ 500 support, be sure to enter in the $ 450 range.
You can buy some BNB near $ 500On a daily timeframe, Binance Coin is again testing the support of $ 500 - $ 510, which must hold support for BNB. We will see a heavy sell-off if $ 500 support breaks. You can buy some BNB near $ 500 with a stoploss of below $ 490. The following support after $ 500 is $ 460 and $ 440 levels.
BNBBTCHello Crypto Lovers,
Mars Signals team wishes you high profits.
We are in the daily time frame. We had an R1 line which the price broke it. There is also an S1 line which the price hit twice and could not break it but it was broken on the third try. The price has made a pullback to this line too and now is fluctuating above it. You can buy it from here for the R1 line. Or you had better wait for the price to hit the S1 line again and buy there for the R1 line. If the price goes below our S1 line, then it would fall further. If the R1 line is also broken then higher targets will be aimed.
Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.
Wish you luck
LONG BNBUSDT | Elliott Wave Impulsive Technical Analysis
As you see in the chart, we could now enter in the 5th wave, the last Wave of the Elliott Impulsive Pattern.
It offers us a long position.
Even if the price rebounded just bellow the Fibonacci 0.618, I place the target profit at 1.382 to higher probability to make profit.
Entry Price: 532.5$
Target Profit: 774.6$
Stop Loss: 463.9$
Ratio Risk / Reward: 3.53
Potential Profit: 45.46%
Fundamental Analysis
Each Quarter, Binance burn a significant amount of BNB that increases the value of its token. This next burnt will occur in this month (January).
However, we need to take into consideration that cryptocurrencies are currently uncertain and we should take a look at the Bitcoin price too. Indeed, if BTC breaks, it will bring other cryptocurrencies down too.
Market Capitalization
BNB: 3rd
I am also curious to earing your opinion too.
Should you feel that this analysis helps you, feel free to leave a like, and I wish you a good day!
BNB/USDTThe previous day had a large sales volume on a daily time frame, and BNB lost the support level of $ 540. Conditions are provided for further correction. Keep an eye on the $ 500 support level. If it can return above $ 540 and stabilize, the situation will be positive.
Daily BNBETH UpdateBNB and ETH have been trading in a range since mid May 2021 and we are still in a very tight ranging range with neither one being able to outshine the other for a sustained period. I've had most of my "trading bank" in BNB since to last bounce off the lower support line (purple line). It does appear however that BNB is starting to build strength against ETH. It is in a local (shallow) uptrend and we are above recent MACD crossovers. RSI has also just managed to lift its head up into the green, signalling that there is a net positive sentiment for BNB over ETH. Only time will tell if it can build on this further or if ETH will stage a comeback.
BNBUSDTStochastic RSI has been already intercepted and with Bitcoin, I think BNB gonna be 660$ again. Please have your stop-loss under 500$
BNBUSDTHello Crypto Lovers,
Mars Signals team wishes you high profits.
We are in the daily time frame. As you can see the price is still inside the bearish channel of the flag pattern. The price is fluctuating between the R1 and S1 line. We need to wait for the price to either go to S1 to buy or wait for it to break R1 and buy for the top of the channel which is $697. You need to wait for the price to break R1 and stabilize above it to set a buy order yet those who want to take risks can buy here or also when the price reaches S1 for the R1 line. We personally do not risk buying here. You had better wait for the price to break either R1 to buy it or wait for the break of S1 to short it.
Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.
Wish you luck
DOTUPUSDT after harmonic signal 🚦After DOTUSDT as tested the HTL again with an harmonic pattern! It's Ideal to say the next movement is to trade up to at least 60% of CD harmonic! But still on consolidation on the daily chart! A nice profit time for scalpers.😊
