BNBUSDT - After retesting, price can start grow to $240Hi guys, this is my overview for BNBUSDT, feel free to check it and write your feedback in comments👊
Some time ago price traded near resistance level, which their moment located in resistance area, and soon BNB broke it.
After this, price made upward impulse to $272 points, but soon started to decline and in a short time fell to $225 level, breaking $245
Also, price started to trades in triangle, where it long time traded near $225 support level, which coincided with support area.
Later price reached resistance line of triangle, made a little movement down, and then rose higher than this line, exiting from triangle.
As well BNB made retest and now trades close to this line, and possibly Binance Coin can bounce from it and rise to $240
If this post is useful to you, you can support me with like/boost and advice in comments❤️
BNBUSDT
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.
Trend : Downtrend on Short- and Medium-Term basis and Uptrend on Long-Term basis.
Momentum is Bearish but inflecting. MACD Line is below MACD Signal Line and RSI is below 45 but momentum may have bottomed since MACD Histogram bars are rising, which suggests that momentum could be nearing another upswing.
Support and Resistance : Nearest Support Zone is $220 (previous resistance), then $200. The nearest Resistance Zone is $260, then $300.
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/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/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.
HelenP. I Binance Coin can exit from triangle and continue growHi folks today I'm prepared for you Binance Coin analytics. Some days ago price declined to the 224 support level, which coincided with the support zone, but soon it rebounded from this level and made impulse up to the resistance level. Then the price tried to break the 252 level and fix, but failed and a few time later fell below to 233 points. After this movement, BNB around and rose to the 252 level again, but this time price broke it and rose until to trend line. Later price bounced from the trend line, entered to triangle, and started to decline. Inside the triangle, BNB declined until to 224 support level, thereby breaking the 252 resistance level. After the price fell to the 224 level, it rebounded and tried to back up, but failed and declined to support zone. But a not long time ago, the price bounced from this zone and rose to the trend line. And now I expect that Binance Coin can decline to support level again and then rebound up to the 237 level, thereby exiting from the triangle. If you like my analytics you may support me with your like/comment ❤️
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 $300.
BNB massive drop to 140$ !!!Hello Traders
Our technical view has been shown in the chart.
If you like it then Support us by Like, Following, and Sharing.
Thanks For Reading
Team Fortuna
-RC
(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.)
Troubled Binance takes a toll on BNBUSDThe recent turmoil engulfing Binance, the world's largest crypto exchange, has cast a shadow over its proprietary cryptocurrency, Binance Coin (BNBUSD). The upheaval was triggered by the unexpected resignation of Changpeng Zhao amid his confession to criminal wrongdoing (facilitating money laundering) and the announcement of a hefty fine for the exchange, amounting to $4.3 billion. These developments resulted in a nearly 20% drop in the value of BNBUSD (in a matter of less than a week). With RSI, Stochastic, and MACD all turning increasingly bearish on the daily time frame, the situation does not look like it will improve anytime soon. Therefore, to further bolster a bearish case, we would like to see the mentioned technicals continue to decline and BNBUSD break below Support 1; without any significant support below this level, we think there is a good chance for BNBUSD to drift toward $200 (after a breakout). Consequently, we will monitor the situation in the following days and update our thoughts on the asset once new developments arise.
Illustration 1.01
Illustration 1.01 portrays the daily chart of MACD that is crossing below the midpoint, strengthening a bearish case going forward.
Technical analysis gauge
Daily time frame = Bearish
Weekly time frame = Bearish
*The gauge does not necessarily indicate where the market will head. Instead, it reflects the constellation of RSI, MACD, Stochastic, DM+-, ADX, and moving averages.
Please feel free to express your ideas and thoughts in the comment section.
DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for an individual investor to take any trade action. Therefore, your own due diligence is highly advised before entering a trade.
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!!!
✴️ 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 Coin can exit from triangle and then fall to 225 levelHello traders, I want share with you my opinion about Biance Coin. By observing the chart, we can see that the price some days ago started to trades in a big range, where it first made a correction to 237 current resistance level. After this, the price rebounded and rose to the top part of the range, which coincided with the 256 resistance level and seller zone, but at once fell back. Then BNB some time traded near the 237 level and later made a strong upward impulse higher than the 256 level with the seller zone. Also price exited from range, and then it entered to triangle, in which it started to decline and in a short time fell until to support line, thereby breaking the 256 and 237 levels. After this movement, BNB rebounded from the support line of the triangle and tied to back up, but failed and now it trades near the resistance area. Possibly, Binance Coin can enter to resistance area, thereby exiting from the triangle and then the price starts to decline. So, I set my target at the 225 level. Please share this idea with your friends and click Boost 🚀
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.
Ethereum & BNB on life Support
I have posted a chart back in May when I was seeing Ethereum & Binance Chain deteriorate, it looks like the final supports are being tested meaning once these are gone the foundation is completely gone.
The Ethereum supply has become inflationary due to the incentive to "Stake" Ethereum so the question is always true. Where does the Yield come from?. (New users staking Ethereum) meaning it takes no energy to create new Ethereum meaning the more its staked the more inflationary the more it becomes a house of cards before collapse.
BNB? Binance owns 70%+ of the supply its dead.
Ethereum ETF's? Yeah there's a reason they are getting little to NO volume smart money is not buying this Ethereum ecosystem either. My guess? is its there to SHORT Ethereum not Long it.
If I'm wrong in the future on Ethereum I will accept the loss. But my mind is set that Proof of Stake DOES not work. Its recreating central banking at hyperspeed.
HelenP. I Binance Coin can start to move up to resistance levelHi folks today I'm prepared for you Binance Coin analytics. A short time ago price started to trades inside consolidation, where it first reached resistance 2 and then started to decline to resistance 1, which coincided with the resistance zone. After the price fell to this level, it at once rebounded and rose to one more resistance zone, which coincided with the top part of the consolidation. Then BNB bounced back and some time traded near resistance 1 and later price made a strong impulse up to 271 points, thereby breaking resistance 2. But soon, BNB around down and in a short time declined to resistance 1, breaking the 256 level again. As well soon, the price broke the 238 level too and fell below the resistance zone, but a not long time ago it rose to this zone and now trades near. For my mind, Binance Coin can rise to resistance 1, and try to break it. After the breakout, the price can make a retest, or at once continue to move up without a retest, That's why I set two targets, the first target at the 238 and the second - at the 248 levels. If you like my analytics you may support me with your like/comment ❤️
Binance Coin(BNB) is following the 🚩Symmetrical Triangle🚩!!!Binance Coin(BNB) is completing a symmetrical triangle between two 🟢support🟢 and 🔴resistance zones🔴.
Corrective movements are all zigzag, and currently Binance Coin(BNB) is seen near the resistance zone and the upper line of the symmetrical triangle, and also, there is a divergence between wave A and wave C in the previous corrective structure.
So I expect Binance Coin(BNB) to decline at least to the lower line of the symmetrical triangle (around ➖17%).
Binance Coin Analyze ( BNBUSDT ), Daily time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my Idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.