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BNB SWING LONG IDEA - ALTCOIN SEASON - BNB CHAINBNB is one of the most stable coins in the crypto market. With Binance officially backing it, BNB is relatively safer compared to other altcoins. Technical Analysis: The price hit and wicked into the monthly demand zone during the August 5th dump, showing a strong rejection and initiating an upward trend. This move established a weekly demand zone by breaking the weekly structure, and as it did so, it created a daily demand zone, which is a significant area for me. Currently, the price is back into the daily demand and has reached the optimal trade entry zone according to the Fibonacci levels. I anticipate an upward movement from here in the coming days. Targets: The initial target is $613-$619, with potential to reach the all-time high at $722. Note: Watch out for the U.S. Presidential Election, as it may cause volatility with long wicks that could stop out positions.
Long
by UA_CAPITAL
#UNFIUSDT #4h (ByBit) Rising wedge near breakdownUnifi Protocol printed an evening star and seems about to lost 200MA support, let's try a short. ⚡️⚡️ #UNFI/USDT ⚡️⚡️ Exchanges: ByBit USDT Signal Type: Regular (Short) Leverage: Isolated (5.0X) Amount: 5.1% Current Price: 4.5160 Entry Targets: 1) 4.5045 Take-Profit Targets: 1) 3.803 Stop Targets: 1) 4.856 Published By: @Zblaba NYSE:UNFI BYBIT:UNFIUSDT.P #Unifi #DAO unifiprotocol.com Risk/Reward= 1:2.0 Expected Profit= +77.9% Possible Loss= -39.0% Estimated Gaintime= 1 week
UShort
by TradingOn
Why BNB will Break Above $4,000: A Technical Analysis BNB, the native token of the Binance blockchain ecosystem, has been exhibiting remarkable strength and resilience amidst the recent market downturn. While the overall cryptocurrency market has experienced significant volatility, BNB has held its ground and demonstrated a strong potential for continued growth. This article delves into the technical and fundamental factors that support BNB's bullish outlook and suggest its price could surpass $4,000 in the coming months. Technical Analysis: Daily Timeframe: BNB has consistently formed bullish triangles on the daily timeframe, breaking out of each pattern with upward momentum. The most recent breakout propelled BNB from $300 to $600, marking a remarkable 100% gain. This pattern suggests that BNB is poised for another significant upward move. Weekly Timeframe: Currently, BNB is trading within a horizontal accumulation pattern on the weekly timeframe, a consolidation phase that has lasted for over 1,000 days. However, within this larger consolidation, BNB has established a tighter trading range, creating a spring-like effect. This pattern suggests that a breakout from the horizontal range and a surge towards $5,000 could be imminent. Monthly Timeframe: On the monthly timeframe, BNB has never exhibited bearish sentiment, consistently trading within an ascending channel. This uptrend has been further reinforced by a recent retest of the lower channel boundary, demonstrating strong support and a continuation of the uptrend. Fundamental Factors: Binance Ecosystem Growth: The Binance ecosystem has experienced tremendous growth in recent years, expanding its services, user base, and transaction volume. This growth has directly benefited BNB, increasing its utility and demand. BNB Burning Mechanism: Binance regularly burns significant amounts of BNB through its buyback and burn program. This mechanism reduces the circulating supply of BNB, creating scarcity and driving up its price. Staking Rewards: BNB holders can earn attractive staking rewards by locking up their tokens and participating in various validation nodes. These rewards further enhance the token's value and incentivize long-term holding. Inflation Resistance: Unlike fiat currencies, BNB's supply is capped, making it inherently resistant to inflation. This characteristic positions BNB as a hedge against inflation and a store of value. Conclusion: BNB's technical analysis and fundamental factors paint a compelling picture of a token poised for significant growth. The consistent bullish patterns, strong ecosystem growth, token burning mechanism, staking rewards, and inflation resistance all contribute to BNB's bullish outlook. While market conditions can always change, the weight of evidence suggests that BNB has the potential to break above $4,000 and continue its upward trajectory.
Long
by Yaroslav_Krasko
#CTK/USDT 1D (ByBit) Descending wedge on supportShentu (a.k.a. CertiK) looks likely to reverse after printing that morning star with a dragonfly doji at the bottom. Relative Strength Index (RSI) also bounced back on oversold territory, revisiting 100EMA resistance would make sense. ⚡️⚡️ #CTK/USDT ⚡️⚡️ Exchanges: ByBit USDT, Binance Futures Signal Type: Regular (Long) Leverage: Isolated (3.0X) Amount: 5.4% Current Price: 0.4665 Entry Zone: 0.4628 - 0.4384 Take-Profit Targets: 1) 0.5175 1) 0.5678 1) 0.6181 Stop Targets: 1) 0.3947 Published By: @Zblaba $CTK #CTKUSDT #Shentu #CertiK #BSC shentu.technology Risk/Reward= 1:1.2 | 1:2.1 | 1:3.0 Expected Profit= +44.5% | +78.0% | +111.5% Possible Loss= -37.2% Estimated Gaintime= 1-3 months www.shentu.technology
Long
by TradingOn
BNB about to take a HUGE winter hit BNB is moving in a descending triangle since Nov 23rd und is most probably a few hours away from a downside breakout. The descending triangle formation is confirmed by a declining volume throughout the pattern and a strong RSI resistance at its 50% level. That will be the 1st of 2 possible downside breakouts, as the right shoulder is about to form. Once the whole (Over 2month old) Head and Shoulders pattern is formed, volume at the right shoulder will be the key to determine wether the odds favor a bigger subsequent decline or a failed H&S pattern. Caution is required!
Short
by GTN671
$BNB/USDT 2D (#Bybit) Falling broadening wedge on resistanceBinance Coin (a.k.a. BNB Chain) got rejected on daily 200MA and does not seem to be able to break-out quite yet. Let's hedge our holding with a short position without leverage, entering on the possible bearish retest! Current Price: 303.00 Entry Zone: 309.95 - 339.85 Take-Profit Targets: 1) 248.80 2) 209.10 3) 172.45 Stop Targets: 1) 386.00 Published By: @Zblaba Risk/Reward= 1:1.25 | 1:1.9 | 1:2.5 Expected Profit= +16.26% | +35.64% | +46.92% Possible Loss= -18.81% Tags: #BNB #BNBUSDT #Binance #BnbChain #BuildNBuild #BinaryFinance #Payment #SC #CEx #CeFi #DEx #DeFi #BSC Websites: www.binance.com www.bnbchain.world Contract: #Mainnet
Short
by TradingOn
2
(XVS)VENUS 61.8 RETRACE☑️ WHAT NEXT?In our last Venus analysis, we talked about how price could drop all the way down to the 61.8% fib support level as shown below Now that we have reached that level, the question is what happens next? In addition to the Uptrend channel we constructed last time, price managed to sneak in a downtrend channel as well which went unnoticed in our previous analysis. A safe entry would be to wait for price to break the downtrend channel back into the uptrend channel and make a retest before buying, or to wait for a 2nd test of support of the downtrend channel ifyou havent gotten in already. We also added an update to our original analysis citing that we could bottom at the 123.6 fib region with the 161.8 being the worst case scenario as shown below Have your stops below the 161.8 region and HODL First target- Previous ATH 2nd Target- 1.382 fib resistance 3rd Target- .1.618 fib resistance If you agree pls leave a like and share your thoughts in the comments as well Always manage your risks.
Long
by RektMyMom
2
BNB Analysis for February 06th - Needs to breakout around $476On the weekly BNB continues it's downtrend. The daily chart looks good but zoom out to the weekly and we see that BNB clearly needs to break out of its resistance to have a chance at a full breakout. It did meet the $401 mark from February 4th when Bulls were buying lower at $350. If the downtrend continue bulls will start buying at $320 and lower instead of $350. However I have hope for this since I believe the price of bitcoin will continue its trend upward. It still seems that the bulls are trading on rallies. We will have to wait for a breakout around $476 to say that BNB is looking to make a full breakout. I am thinking about getting ready for Spring and having good thoughts about this one. As you all know Hex Coin is an ERC 20 token. Why did I pull that one out of my ass? Because now you get a chance to get into a new token with daily auctions launching on Binance Smart Chain called Rex Token. With this token if you go back to June 21, 2021 you will see that the first launch of Rex made the price of BNB sky rocket to all time highs. The astonishing counterpart to Rex Token is TREX and with the first launch this was too powerful and caused too much inflation. Now with the relaunch of Rex Token I truly believe we will see BNB along with Ethereum, Hex Coin and Bitcoin move to the uptrend. There are so many projects out there how can you trust any of the farms and Daos? They all seem to lose money with the LP tokens. The majority do anyway. With Rex Token that is not an issue. With the BNB pool you can't go wrong either. I have high hopes for BNB and Binance Smart Chain.
by Henrywaters