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BNB Binance Coin The Big Short - CZ to Step Down & Plead GuiltyIf you have`t sold the Bearish Pennand doubled by fundamentals here: or The Next FTX article: Then: Binance Founder Changpeng Zhao to Step Down and Admit Guilt! The CEO of Binance, the world's largest cryptocurrency exchange, is set to resign and plead guilty for violating U.S. anti-money-laundering laws, as part of a deal aimed at allowing the company to maintain its operations, sources familiar with the situation revealed. Changpeng Zhao is expected to make his plea in a Seattle federal court on Tuesday afternoon, according to recently unsealed court records. Simultaneously, prosecutors unveiled charges against Binance, owned by Zhao, for offenses related to money laundering and sanctions. Binance is also slated to plead guilty. Considering these developments, I anticipate a decline in the value of the BNB coin. Curious what are your thoughts on the potential price decrease?
Short
by TopgOptions
Binance coin rocky road- Not a good picture for bullsAfter finding solid support just above the 200 mark in August, Binance Coin began a period of consolidation. This phase was followed by a break to the upside and a rise, fueled by a renewed wave of enthusiasm within the cryptocurrency market. But, and there is a big BUT... Looking closely at the recent price action we see that after the break of the consolidation to the upside, the coin lacked meaningful continuation and started to consolidate again. More, the spike from 2 days ago was met with selling power, and yesterday, again, the rise was reversed strongly, leaving an immense bearish engulfing candle on our daily chart( approx 20% the range of the candle ). All these signs are not bullish at all, in fact are hugely bearish. In conclusion, I'm looking to sell BnbUsdt on rallies around 250 with negation above recent spikes. A conservative target for this scenario would be the 200 zone. However, it wouldn't be surprising if we see a breakthrough beyond this level as well.
Short
by Mihai_Iacob
BNBUSDT Bulls in Control🔅BNBUSDT's price movements have revealed a compelling shift in two supply levels transitioning into key demand zones. Initially observed at $220, the resistance-to-support transformation is evident, indicating a robust shift in market dynamics. The subsequent level at $238 echoes a similar narrative, reaffirming the trend of supply turning into demand. Over the past three days, this support level has garnered consistent respect, aligning harmoniously with the ascending trendline. This collective pattern underscores the prevailing dominance of buyers, significantly bolstering the probability of an ongoing uptrend scenario. 🔅The continuous adherence to the present support levels fortifies our anticipation of a potential 15% surge in Binance Coin. Our prognosis derives strength from the identification of a formidable double Fibonacci resistance positioned at $270, which serves as a significant barrier to price movement. 🔅As long as the current support levels maintain their integrity, the outlook remains bullish, setting the stage for a probable upward movement with a calculated target of $270, signaling a 15% upward trajectory for BNBUSDT.
Long
by CryptoPAMM
BNB Price Soars As Binance Discusses $4 Billion Fine The U.S. Justice Department is seeking more than $4 billion from Binance Holdings as part of a proposed resolution of a years-long investigation, Bloomberg News reported on Monday. Negotiations between the Justice Department and Binance include the possibility that the cryptocurrency exchange's founder, Changpeng Zhao, would face criminal charges in the United States. The BNB price soared as much as 7% after Bloomberg News reported that Binance is in discussions with the US Department of Justice (DoJ) that may result in it paying a $4 billion fine to settle allegations of multiple criminal violations. The discussions with the DoJ may result in a settlement within weeks, but founder Changpeng Zhao may still face criminal charges, Bloomberg reported, citing people familiar with the matter. Binance, the world’s biggest crypto exchange, has been accused of money laundering, violating sanctions, bank fraud, and breaking US securities laws in a case that has weighed heavily on the crypto industry. A $4 billion settlement would make it one of the biggest in the history of the cryptocurrency space. Whether other conditions would be imposed as a part of the settlement are unknown, Bloomberg said. The BNB token, which powers the Binance ecosystem, spiked as markets interpreted the news as a bullish, best-case scenario for the beleaguered crypto exchange. It subsequently pared gains to trade up 4.8% at $260.73 as of 06:12 EST but is now trading at $257.3 with a gain of +1.77
Short
by DEXWireNews
BNB Update - 23082023BNB Should hold critical support at 200. Otherwise whole crypto market will drop as we observed in FTX collapse. Disclaimer: The information and analysis provided in this publication are for educational purposes only and should not be construed as financial advice or recommendations to buy, sell, or hold any securities. The author and TradingView are not responsible for any investment decisions made based on the content presented herein. Always consult a financial professional before making any investment decisions.
by rukshan2102
Binance (Build and Build): Facing the SEC and the FUDSBinance Coin (BNB), the leading cryptocurrency exchange in terms of volume, has seen gains in its weekly chart, giving investors hope for more profits. According to the latest data, things could get even better as BNB’s Galaxy Score is at its highest level among the top cryptocurrencies, which is promising for a bull run. Investor Interest in BNB The popular altcoin BNB has managed to impress investors by showing an increase of over 1.5% in its price in the past seven days. At the time of writing, it was trading at $213.51 with a market capitalization of over $32.2 billion, making it the third-largest cryptocurrency. As the price of the altcoin rose, the trading volume also experienced double-digit growth, paving the way for price increases. According to the data from analytics firm Artemis, Binance’s network activity has also seen an increase recently, as it revealed that BNB’s daily active addresses have been on the rise in the past few weeks. Increase in BNB Metrics A similar upward trend has been observed in terms of daily transactions for the blockchain, which sharply rose after a decline. The trading volume of the blockchain has also increased in the recent past, indicating that investors are willing to effectively trade BNB. The increase in volume has also supported the price surge. Thanks to the price increase in the cryptocurrency, the volatility of the token has significantly increased in the 1-week period, raising the possibility of further growth. The token’s social volume has also recorded a relatively higher level. This suggests that the token was a popular altcoin in the crypto space last week. According to experts, most indicators favor the bulls, which could lead to further price increases for BNB. For example, the MACD showed an upward trend. BNB Chain’s Money Flow Index (MFI) and Chaikin Money Flow (CMF) have increased, which could increase the likelihood of prices moving further north.
CRYPTOCAP:BNBLong
by DEXWireNews
BNBUSDT - Price can bounce up from support level to $215Hi guys, this is my overview for BNBUSDT, feel free to check it and write your feedback in comments👊 When price bounced and made upward impulse to $235 points, it at once fell back, thereby making fake breakout of $221 level. Also, BNB entered to big flat, where it first fell to $206 support level, which coincided with support area. Then price bounced up to top part of flat, which coincided with resistance area, and at once made correction. After this price repeated movement up and then fell to support area, but recently BNB bounced back, making fake breakout of $206 level. Now it trades very close to support level in flat and in my mind Binance Coin can decline to this level and then bounce up to $215 If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
8
Binance Coin (BNB) -> Another 500% RallyMy name is Philip, I am a German swing-trader with 4+ years of trading experience and I only trade stocks , crypto , options and indices 🖥️ I only focus on the higher timeframes because this allows me to massively capitalize on the major market swings and cycles without getting caught up in the short term noise. This is how you build real long term wealth! In today's anaylsis I want to take a look at the bigger picture on Binance Coin . You can perfectly see that Binance Coin is forming quite strong support at the psychological $200 level from which we already saw multiple bullish rejections. However since Binance Coin is approaching this level with lower highs, I am personally waiting for a breakout of the current bullish continuation triangle pattern. - - - - - - - - - - - - - - - - - - - - I know that this is a quite simple trading approach but over the past 4 years I've realized that simplicity and consistency are much more important than any trading strategy. Keep the long term vision🫡
CRYPTO:BNBUSDLong
by basictradingtv
31
Binance Coin -> Massive Risk To RewardMy name is Philip, I am a German swing-trader with 4+ years of trading experience and I only focus on price action and market structure 🖥️ I am trading the higher timeframes because this allows me to massively capitalize on the major market swings and cycles without getting caught up in the short term noise. This is how you build real long term wealth! In today's anaylsis I want to take a look at the bigger picture on Binance Coin. After the solid break and retest in June of 2020 Binance Coin followed the crypto bullrun and pumped more than 5.000% towards the upside. With the recent -70% correction Binance Coin is forming a triangle pattern and if we see a breakout I do expect a massive pump again. - - - - - - - - - - - - - - - - - - - - When the market moves where, and how, and if - these are all unknown. The only thing which you can control is your risk. - Philip Basic Trading - Keep the long term vision🫡
CRYPTO:BNBUSDLong
by basictradingtv
5
Binance Coin can break resistance level and then continue riseHello traders, I want share with you my opinion about Binance Coin. Observing the chart, we can see that the price some time ago rebounded down from the resistance line to the support line, thereby breaking the 221 resistance leve. After this price bounced up to the resistance line, but when it reached this line, BNB at once rolled down to the buyer zone, breaking the support line. Also, the price broke the 207 level, but soon it bounced back, making a fake breakout, and entered to range. Inside range price rose to the top part, which coincided with the 221 resistance level, and then made a downward impulse to the 207 level. After this movement, BNB rose to the 221 level again, but there time it declined until to buyer zone, thereby exiting from the range. As well recently Binance Coin tried to rise higher of the 207 level but failed and now the price is traded very close inside the buyer zone. I think BNB can try to break the resistance level, and if the price breaks this level it can make a retest, or at once continue to move up without a retest. For this reason, I set my target at the 215 level. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
5
BNB to 2000$As you can see we have 2 very similar fractals in previous cycle and cycle before that which lead the price to bottom; we also had Rsi extremely oversold for both which I appointed them in red circles , from the cycle bottom to the start of climbing took 68 bars which we currently at it , as you can see we have a similarity in Rsi aswell , some other criteria made me get to this conclusion which you can check in previous TAs ; BNB is a good project and its necessary to be in every basket; my target is somewhere around 2000$ for the end of 2024 . Stay safe fam
CRYPTO:BNBUSD
by mastershark
1
BNBUSDT - Price can continue move up to resistance levelHi guys, this is my overview for BNBUSDT, feel free to check it and write your feedback in comments👊 A few time ago price bounced from $211 support level, which coincided with support area, and fell to support line. Next, BNB started to rise and in a short time, it rose to resistance line, thereby breaking $211 and $216 levels. Then price made correction, after which BNB made upward impulse to $220 points, breaking resistance line, but price at once started to fall. Later BNB entered to falling channel, where it declined to support level and then bounced up to resistance line of channel. Recently Binance Coin exited from channel and now it continues to rise and I think that BNB can make a little movement down. After this, Binance Coin can continue to move up to $216 resistance level. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
6
HelenP. I Binance Coin can make correction and continue to growHi folks today I'm prepared for you Binance Coin analytics. A short time ago price reached the support level, which coincided with the 211 support zone and then it rebounded below this zone. But then, it at once rolled back to the 211 level, and this time BNB broke this level and made a strong impulse up to the 217 resistance level, which coincided with the resistance zone. After this movement, BNB made a little correction below to 213 points and then repeated the impulse up to the trend line, thereby breaking the resistance level. When the price reached the trend line, it started to decline inside the wedge, and in a short time, BNB declined below the 217 level to the support level. Also recently it rebounded up from this level, breaking the trend line, thereby exiting from the wedge and making a retest. Now Binance Coin trades near and I expect that the price can make a correction to the support level and then rebound up. Therefore I set up my target at the 125 level. If you like my analytics you may support me with your like/comment ❤️
Long
by FirstNameHelen
2
BNB/USDT bullish move incoming? 👀 🚀 BNB Today Analysis💎 Paradisers, turn your attention to #BNBUSDT! Our observations highlight that it's currently positioned within a demand zone, gearing up for a potential bullish surge. 💎 A few days ago, #BinanceCoin was navigating a descending channel. However, after breaking above this channel, it embarked on a notable upward journey. Now, as it retraces, it remains above the channel's support. There's a strong likelihood that it will touch this support once more before setting off on its bullish trajectory. 💎 Another crucial point to ponder: should the demand zone be compromised, expect BNB to gravitate towards the lower demand zone. In both scenarios, exercise caution and trade judiciously. 💎 Remember to employ prudent trading strategies and use proper stop-loss measures! Stay alert to market movements and look forward to more insights
Long
by MyCryptoParadise_Simon