BUSD the next UST? Binance investigated! I think many of the Binance IPO whales will move away from BNB and BUSD after the news that the Securities and Exchange Commission (SEC) is investigating Binance for the issuance of its cryptocurrency token Binance Coin.
A report from Reuters agency says that Binance unknowingly processed billions in illicit transactions, including illegal drug sales, hacks, and investment fraud totaling $2.35 billion!
I think this could lead to sell-off in the crypto market if it proves to be true.
Looking forward to read your opinion about it.
BNB
BNB/ETHThe rise of BNB may start from here.
The bnb price has just increased around 10 percent from its swing low.
BNB/USDT 4H Interval ChartHello everyone, let's take a look at the BNB to USDT chart on a 4-hour time frame. As you can see, the price is struggling to return above the local uptrend line.
When we unfold the trend based fib extension grid, we can see that the decline was maintained through the support zone from $227 to $225, and further we can see a decline to the support area at $220.
Looking the other way, you can see that the price has been rejected by the resistance at $229.81, and then there is a resistance zone from $232 to $234.
Looking at the CHOP indicator, we see that there is a lot of energy for the upcoming move, on the RSI we are moving in a sideways trend, while the STOCH indicator indicates that the price may go up a little more.
BNB/BTC - BNB: Falling Wedge◳◱ On the $BNB/ CRYPTOCAP:BTC chart, the Falling Wedge pattern suggests a pause in volatility, potentially gearing up for a breakout. Traders might observe resistance around 0.007025 | 0.007864 | 0.009155 and support near 0.005734 | 0.005282 | 0.003991. Entering trades at 0.005867 could be strategic, aiming for the next resistance level.
◰◲ General info :
▣ Name: BNB
▣ Rank: 4
▣ Exchanges: Binance, Kucoin, Gateio, Hitbtc
▣ Category/Sector: Financial - Smart Contract Platforms
▣ Overview: Binance Coin is digital asset native to the Binance blockchain and launched by the Binance online exchange.
◰◲ Technical Metrics :
▣ Mrkt Price: 0.005867 ₿
▣ 24HVol: 167.243 ₿
▣ 24H Chng: -0.34%
▣ 7-Days Chng: -3.04%
▣ 1-Month Chng: -1.93%
▣ 3-Months Chng: 6.11%
◲◰ Pivot Points - Levels :
◥ Resistance: 0.007025 | 0.007864 | 0.009155
◢ Support: 0.005734 | 0.005282 | 0.003991
◱◳ Indicators recommendation :
▣ Oscillators: BUY
▣ Moving Averages: STRONG_SELL
◰◲ Technical Indicators Summary : SELL
◲◰ Sharpe Ratios :
▣ Last 30D: 0.05
▣ Last 90D: 0.59
▣ Last 1-Y: -0.53
▣ Last 3-Y: 1.14
◲◰ Volatility :
▣ Last 30D: 0.56
▣ Last 90D: 0.38
▣ Last 1-Y: 0.44
▣ Last 3-Y: 1.00
◳◰ Market Sentiment Index :
▣ News sentiment score is N/A
▣ Twitter sentiment score is 0.58 - Bullish
▣ Reddit sentiment score is 0.50 - Bearish
▣ In-depth BNBBTC technical analysis on Tradingview TA page
▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated!
◲ Disclaimer
Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk.
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DYDX flight is not over yet!Hello trader! Today I have a new idea for you. Like and subscribe to the channel, there is a lot of useful information there.✅
Technical: prolonged growth has formed a structure with a downward movement and has broken through the local countertrend, there is the potential to reach an update high towards $3.9-4.
I do not rule out that there may soon be a squeeze movement down all alts, so be careful with your leverage! In theory, you can try to take 10-15% from here without leverage.
ETH - it seems that the trend line is about to be brokenHello trader! Today I have a new idea for you. Like and subscribe to the channel, there is a lot of useful information there.✅
Friends, pay attention to the local ETH chart with a clearly defined trend line, the last rebound from which was 3.5%.
I think that soon we will see a possible small pullback here with a possible breakdown of the trend line; from the technical side, after the breakdown, there may be a spill below $2000.
You took a short position from the current ones, are you waitingHello trader! Today I have a new idea for you. Like and subscribe to the channel, there is a lot of useful information there.✅
I’m trying to catch a rollback towards the trend line from the current values. I allocated 15% of the deposit for shorting with a leverage of 3X.
Deal plan:
▪️Entrance - $38,820/39,150
▪️Stop - $40,150
▪️Take - I will update
Guys, the deal looks a little dangerous, so be careful! I set the stop taking into account the expansion of the position with averaging of the entry point (-2.5% without X), you can use a different MM depending on the leverage. Goal: see a breakout of the trend line.
Is Bitcoin heading for a correction? Attempt №2Hello trader! Today I have a new idea for you. Like and subscribe to the channel, there is a lot of useful information there.✅
Friends, some thoughts on the Bitcoin chart:
We received a buyer's reaction from $37,450, thereby removing liquidity from below (long positions), after which Bitcoin crossed the local maximum of $38,550, removing short positions. In general, they shaved both of them.
There are thoughts that we may soon see a slight pullback towards the trend line of $37,400-36,500 (6-5.5%). I think that there is now a little euphoria in the market and the majority are now preparing for a trip to $40,000; well, before going into this zone, it would be logical to see a pullback.
Guys, I put a calculator on the chart just so that you can see the zone where the price can approximately go, if you take a short position from the current values, try to do this with an increase higher.
BNB/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this BNB/USDT update from Crypto Sanders.
Chart Analysis:- Unfortunately, BNB’s price fell by 3% this week after buyers were unable to regain control. The momentum remains bearish as the price continues to make lower lows.
The level at $230 turned into a resistance this past week, and it is unlikely to see a reversal any time soon. At best, this cryptocurrency could aim to reclaim $230 as support.
If nothing changes, then BNB could drop back to levels not seen since early October, when the price was found at $200. This is also the strongest support on the chart right now
I have tried to bring the best possible results in this chart.
If you like it, hit the like button and share your charts in the comments section.
Thank you.
Is Bitcoin Ready to Rise in December?Hello trader! Today I have a new idea for you. Like and subscribe to the channel, there is a lot of useful information there.✅
Let's welcome the month of December green?
I’m trying to get a scalp-long with a small gain below 10% of the deposit
Deal plan:
▪️Entrance - $37,510/37,050
▪️Stop - $36,500
▪️Take - I will update.
Guys, on one of the exchanges there is now strong pressure towards 37,000-36.***$, perhaps they will send us there, so I’ll leave one limit for adding positions. With stop averaging you get -2% without leverage, calculate the risks in advance.
BNB/USDT Review CHartI invite you to review the chart of BNB in pair with USDT, also on a one-hour time frame. First, we can use the blue lines to mark the downward trend channel in which the price has been moving since the last correction.
In order to check the current support areas, when the correction begins to deepen, we will unfold the Trend Based Fib Extension grid and we can determine the first support for the price at $225, and then it is worth defining an important support zone from $221 to $218.
Looking the other way, we can similarly mark places where the price should encounter resistance on the way up. And here you can see the resistance zone from $230 to $231, which effectively stopped the price increase, while if we manage to break out of it, we have a second zone from $234 to $237.
The CHOP indicator shows energy for the next move, the RSI indicator is recovering with room for a larger correction, while the STOCH indicator is moving at the lower border, which may result in a temporary sideways trend.
BNB: Approaching SupportBinance (BNB) technical analysis:
Trade setup : Trends are improving. Following a bullish breakout from Sideways Channel, price reached our target of $260, where it got rejected again, just as it did in July.
Swing Traders: Pullback near $220 support area could be an attractive swing trade entry, with upside back to $260 near-term. That $220 level was previously a resistance area, which was broken and turned into support area (concept known as polarity).
Trend Traders: Price needs to break above 200-day moving average (~$242) and $260 resistance zone to confirm Uptrend. If it does, it could revisit $300 next. (set a price alert).
Trend : Downtrend on Short-Term basis and Uptrend on Medium- and Long-Term basis.
Momentum is Mixed as MACD Line is below MACD Signal Line (Bearish) but RSI ~ 50 (Neutral).
Support and Resistance : Nearest Support Zone is $220 (previous resistance), then $200. The nearest Resistance Zone is $260, then $300.
Is Bitcoin heading for a correction?Hello trader! Today I have a new idea for you. Like and subscribe to the channel, there is a lot of useful information there.✅
Is it time to remove liquidity from below?
Previously, I shared a similar chart on the channel and expected that the test of the trend line would occur for a rebound upward, but it seems that MM decided to first remove liquidity from above $38,550 and then go to test the local trend line.
I decided to open a small short for 10% of the deposit, I think that locally Bitcoin may undergo a correction before the end of the month. To be safe, you can set the limit to the last high and move the stop 300-500 points.
Deal plan:
▪️Entrance - $38,150/38,550
▪️Stop - $39250
▪️Take - I will update.
P.S: If the price quickly moves to the trend line of $36,800, then you can fix most of it and move the stop to used.
BNB massive drop to 140$ !!!Hello Traders
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(Disclaimer: Published ideas and other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your research.)
BNB is in the purchase zone!!!The price has again descended to the purchase zone 224.1-186.2
The price is below the volume price 242.5 The
price is in the global accumulation zone 267.7-199.2
With a high probability, this is a re-test of the purchase zone and the Local zone.
Follow the news around Binance!!!
Is Bitcoin ready to rebound from the trend?!Hello trader! Today I have a new idea for you. Like and subscribe to the channel, there is a lot of useful information there.✅
Today we’ll go through local schedules.
The local Bitcoin chart looks interesting. In theory, we may see a test of the local trend - for this we need the price to go down by -1.76% from current values.
I currently have no positions in BTC. I want to watch the local graph above. Perhaps I will try to take a scalp position from a trend test if the price gives a correction to this zone. If I'm in position I'll let you know
Retesting the trend line and growth!Hello trader! Today I have a new idea for you. Like and subscribe to the channel, there is a lot of useful information there.✅
Technical: the asset price on the local chart may retest the trend line, from where I expect to see a rebound. I am entering a position now with a small gain at the trend line.
Deal plan:
▪️Entrance - 0.2484/0.24$
▪️Stop - 0.2231$
▪️Take - I will update.
Guys, try to respect the risks - this is an altcoin that can show strong volatility at the moment!
ALPINE| On a rebound from the support levelHello trader! Today I have a new idea for you. Like and subscribe to the channel, there is a lot of useful information there.✅
Locally, the coin has lost a strong % in price; the buyer can become active near the 0.236 Fibonacci zone. You can try to go a little higher than the level.
Deal plan:
Entrance - 1.760/1.730$
Stop - $1.653
Take - $1.9
Guys, don’t forget about risk management and follow the risks!
✴️ Prepare For Change | Better Safe Than Sorry (BNB Weekly)How would your trades, your positions, your portfolio, your balance, your Crypto be affected if there is a "change of management" in this exchange?
I've seen sometimes where funds become stuck for a long time while certain legal situations are clarified.
Sometimes a portion is lost, other times refunds can happen fast but with limitations...
What I've never seen is a smooth, painless ride when there is a sudden, surprise, out of the blue "change of management".
One of the most famous saying in the investment world goes like this: "Do not put all of your eggs in one basket".
This is of course a precaution method.
If you have all of your eggs in one basket and for whatever reason the basket falls, you are going to lose all of your eggs, but if you diversify, run away, you might end up being completely safe.
The market normally moves as one.
The market moves as a single living unit...
Binance Coin produced waves in 2021 just like Bitcoin did.
Somehow, this isn't the case anymore...
While Bitcoin weekly is up, facing resistance, Binance Coin is down, facing support.
I have no idea what is going to happen.
We can never guess what the world has in store for us.
But something that you get used to having today, tomorrow can be gone.
TA
Binance Coin (BNB) is trading above MA200 as the last support.
This week it moved below EMA300 on multiple long-term bearish signals.
Here is the weekly MACD:
- Moved bearish.
- Red histogram.
- Jumping off a cliff.
This is in stark contrast to BTCUSD.
Here is the RSI:
- It sits at 36.
- Bitcoin's weekly RSI sits above 60.
What one does, the rest follows?
Nope... There is something going on.
The charts are giving a strong warning that Binance Coin might detach from the rest of the market and this can only mean the worst.
Namaste.
Binance Is Purchasing BTC To Defend BNB - DOJ FRAUD BINANCE
What does FTX > Luna > Binance all have in common?
They have a token that has absolutely no real business model that falters then collapses unless you defend the asset backing your entire operation.
Binance's entire operation > force Eth high fees > layer two's > hold off on lightning adoption > coin listers pay Binance a fee to list their "Solution tokens" Binance pre allocates to these tokens > Binance sells these tokens and purchases BTC and BNB.
Its a MLM scheme right in front of your face.
Bitcoins on exchanges continue to fall (on all exchanges) the same time BNB gets bought up meaning somebody is selling "alt coins" pure schemes to purchase Bitcoin then transferring it to Binance.
You can pull up data on Crypto Quant every time BNB's price starts to fall and look weak large amounts of ALTs is sold on the open market > to BTC then transferred to Binance > BNB Rises.
Multiple Issues here we will find out soon
1. Is Binance using derivatives to leverage trade profits in short term moves?
2. Binance using their reserve funds from marketing scam coins to manipulate short term VOL on pairs while selling back into BTC > Binance > purchasing up BNB tokens.
3. BNB Is still looking weak after all this meaning there is very little real buyers left this is almost like the Japanese Bond YCC but this is not a sovereign state this is a crypto exchange.
The question is Luna & UST lost majority of their Bitcoin trying to defend their token.
FTX lost majority of theirs doing the same
What is Binance's play here? why can't they come clean in the USA and register as a legitimate company and take the losses like Coinbase? Simple Coinbase lost the lead to Binance due to committing large fraud accepting bribes and pre purchasing tokens to dump on retail "their customers" they swore to protect.
As much as Coinbase had the alt coin casino going I don't see much evidence they did fraud on top of trying to capture the Alt Coin boom. Otherwise they would have been shut down by the SEC.
Even if I'm wrong on this, I suggest people assess the situation, I almost feel a MT Gox happening where assets freeze up and the exchange becomes locked and they blame the DOJ, this is code for CZ running away with your capital.
CZ is the most corrupt person in the space right now like a Bernie Madoff even worse than Sam, at least Sam talked and you could sense he had absolutely no clue about Finance, CZ on the other hand shows he knows exactly what he is doing, coming from a market maker trading firm that was manipulating real markets in China I'm not shocked.
CZ because of his history believes he can outlast this period and go again in a new cycle, but as the "Hex" fraud "NFT" frauds "Eth' fraud starts to crack the underlying "new customers" to give liquidity to Binance dries up forcing Binance to use their reserves.
U.S. DEPARTMENT OF JUSTICE OFFICIALS ARE CONSIDERING FRAUD CHARGES AGAINST CRYPTO EXCHANGE BINANCE
BNB/USDT 4H ChartHello everyone, let's take a look at the BNB to USDT chart on a 4-hour time frame. As you can see, the price has fallen below the local uptrend line.
Let's start by determining the support line and after unfolding the Fib Retracement grid, you can see a strong support zone from $229 to $217, and then there should be support at $202.
Looking the other way, there is resistance at $253, and then there is a resistance zone from $262 to $272.
Looking at the CHOP indicator, we see that there is a lot of energy for the move, the RSI indicator shows a slight upward movement with room for price declines again, while the STOCH indicator rose to the upper part of the range despite a slight price movement.
BNB seeeeshIsn't it obvious..I mean no idicator is necessary. A Sheat coin going back to sheat!! Will come back of course but I don't see it above 40...VERY SOON!
ICON| Local deal in Long!Hello trader! Today I have a new idea for you. Like and subscribe to the channel, there is a lot of useful information there.✅
There is a local downward trend that is about to change into an upward trend, I think that after a small correction we will go for a breakout of the countertrend line, ETH still looks long...
Deal plan:
Entry - $0.2585
Stop - $0.2419
Take - $0.28
Guys, be careful, the coin can show high volatility at the moment, follow risk management.
