BNB Weekly Close - Only a personal opinion Only a personal opinion
Weekly close for BNB is still not a bullish indicator.
Area 320 appeals to me since there has been a lot of rejection there.
examine something else. when he gets back to area 320
If there is a pending, there is still a chance for additional drop, with the 290–282 area being supported by the atr indicator.
Bnbusdtlong
BNB Snipper Entry#BNB bounced back Excatly from my Daily Trend line. According to this it has done with retracement. We can try a Snipper entry with Stoploss just 1.38%.
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Bnb | Needs More Buyers Bnbusdt
Support can be retested once again, if the interest of buyers is seen on support, BnB will definitely fly.
But for now be careful and show patient.
I am expecting a correction to 290-270$.
Remember: We only give Idea's from our experience and knowledge, it does not mean that it will be 100% correct, the market is always unpredictable, anything can happen anytime.
Always trade with your own research and knowledge.If You Are Satisfied With Our Work Then Join.
BINANCE imagine being bearish in BNB 😂Imagine being bearish in BNB lmao. Think of it anon, if BNB crashes crypto would be sent back to stone age. I've been a user on Binance platform for 7 years and I know enough to know this is all driven FUD by USA after FTX collapsed.
With that being said, knowing BNB is not going away after being put on the spotlight and gaslighted by american exchanges, powell, and the FED. Knowing its not going anywhere, Binance is going to be one big monster in the crypto industry which is what the FED did not want.
Once the fire settles, BNB will go to all time highs.
In a hypothetical scenario where Binance, one of the world's largest cryptocurrency exchanges, were to collapse, it could have significant effects on the cryptocurrency space. Here are three possible effects:
Decreased Liquidity and Volatility: Binance is one of the most liquid cryptocurrency exchanges in the market, meaning that it facilitates a significant amount of trading volume. Its collapse could lead to a decrease in liquidity and increased volatility, as traders may struggle to find buyers and sellers for their cryptocurrencies. This could lead to significant price swings, making it difficult for traders to manage their positions.
Loss of Investor Confidence: Binance is known for its security and reliability, and its collapse could lead to a loss of confidence in the cryptocurrency market as a whole. Investors and traders may question the security and reliability of other cryptocurrency exchanges and the underlying technology itself. This could lead to a decline in investment and a decrease in adoption of cryptocurrencies.
Regulatory Scrutiny: The collapse of Binance could lead to increased regulatory scrutiny of the cryptocurrency market. Governments and regulatory bodies may see the failure of a large exchange like Binance as evidence that the market is not mature enough to be trusted. This could lead to increased regulation, which could be detrimental to the growth and adoption of cryptocurrencies. Additionally, regulatory uncertainty could cause other cryptocurrency exchanges to be more cautious in their operations, potentially leading to decreased innovation and investment in the space.
#BNB Price can bounce up from the area!!
#BNB DAILY TIME FRAME UPDATE
BNB made these two bullish patterns one is descending channel and another ascending triangle pattern.
BASIC INFO
What Is an Ascending Triangle? An ascending triangle is a chart pattern used in technical analysis. It is created by price moves that allow for a horizontal line to be drawn along the swing highs and a rising trendline to be drawn along the swing lows. The two lines form a triangle.
What Is a Descending Channel? A descending channel is drawn by connecting the lower highs and lower lows of a security's price with parallel trendlines to show a downward trend. Officially, the space between the trendlines is the descending channel, which falls under the broad category of trend channels.
According to the descending channel pattern, we may retest the 300$ level and then we can expect some good bounce and according to the ascending triangle pattern we will bounce from there only up to $500 level.
Stay tuned I will keep updating
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Thank you
BNBUSDT - Expecting Massive Breakout!!BNBUSDT (1W Chart) Technical analysis
BNBUSDT (1W Chart) Currently trading at $315
Buy level: Above $320
Stop loss: Below $250
TP1: $390
TP2: $460
TP3: $520
TP4: $690
Max Leverage 1x/Spot market
Always keep Stop loss
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Binance coin (BNB) forming bullish Crab | A good buy opportunityHi friends, hope you are well and welcome to the new trade setup of Binance coin (BNB) with US Dollar pair.
Recently we caught more than 12% pump as below:
Now on a 4-hr time frame, BNB is about to complete a bullish Crab move for another bullish reversal move soon.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
BNBUSDT - 1D - LONGThere is a fud related to stable coin BUSD! But you need to consider this when Binance is always the largest exchange in crypto world, so there are some fuds coming frequently.
As the chart, you are able to try by buying a little, then buy more after breaking the trendline. Target price is 400 at first.
BNB could retest $341USDI like the way its trending on that leading diagonal... I think we get there before Sunday night. Owning BNB is like the second coming of ETH, & if it weren't for regulatory pressure BNB would be worth more than ethereum right now. As wild as that take is, I stand by it. The more US regulators try to enforce action in the forms of fines... the more ppl are drawn to BNB.
All of crypto is so much more than just the American market. Its rather shortsighted on the US because eliminating BUSD means the loss of a dollarizing resource. I love BUSD & will accumulate casually. My plan for BNB is to DCA as i go, amassing as much as i can through out the year.
Major developments:
- Binance introduces 3rd chain BNB Greenfield (look it up)
- Will introduce optimism roll-ups
- Will improve TPS
- Looking to triple validator set too 100 total
Binance dominates the defi space w/ over 2400 dApps ... especially in terms of gaming
So no, BUSD outflows do not concern me
And proof of reserves is old news
#BNB/USDT [BNB]: Ascending_TriangleWe've detected a Descending Triangle pattern on the $BNB/$USDT chart. The price requires a further strong bullish continuation as an indication of a breakout. A descending triangle provides a useful chart formation that spots that the price will rally further once price breaks through the resistance. $BNB/$USDT to accomodate to higher level.
BNB - Buying StrategiesBYBIT:BNBUSDT.P
4H time frame
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Potential inverse HS is forming on 4H time frame.
I provide two strategies for long BNB, entry from BO DC and entry from BO HS, respectively.
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(1) BO DC(Descending channel)
Entry: 295~305
TP: 318.25, 331, 345.05
SL: 290.5
(2) BO HS(inverse head and shoulders)
Entry: 318.25
TP: 345.05, 378.9
SL: 279
BNB/USDT :: Under the protections !!!BNB/USDT :::
Currently, bnb is in a downward channel on the daily time frame .
The price is following the middle line of the channel and has proven this by hitting this line a lot .
bnb has broken several resistances and can create a buying position .
<<< Good luck >>>
We can set 3 possition For BNB Nowas the area we can set 3 different Position For BNB
if BNB stabled in Support Line (white Line) we can have a Long Position
But If BNB breaks the support Line, we Can Enter a Short position on the pullbacks as shown in the chart.
when the Shot Position Completed, we can set a Long Position open that area.
you should know this is not an investment suggestion and all risks is on your Own.
BNB ANALYSIS#BNB UPDATE.
#BNB is currently trading in ascending triangle where blue box and pink line qare the resistance bnb is currently facing.For now bnb needs to close above the blue box area for upside move however if bnb loses the black line support then it might again test the net support level.