BinanceUS suspends U.S. dollar depositsIf you haven`t sold BNB here:
Then you should know that BinanceUS, a part of the biggest crypto exchange Binance, has made an announcement regarding changes in its operations. Going forward, the exchange will cease accepting U.S. dollar deposits, and customers will soon no longer have the option to withdraw dollars from the platform.
This decision follows a lawsuit filed by the U.S. Securities and Exchange Commission (SEC) against Binance, its CEO Changpeng Zhao, and the operator of its U.S. exchange. The SEC alleges various misconduct, including artificially inflating trading volumes, misusing customer funds, failing to enforce restrictions on U.S. customers, and providing misleading information about market surveillance controls.
I think BNB will test the $220 support.
Looking forward to read your opinion about it.
CZ
TRADE OF THE DAY | BNB our faith is with you CZ poss. 11%TRADE OF THE DAY | BNB our faith is with you CZ poss. 11%
EXTREMELY VOLATILE TIMES - possibly some of the most for Crypto to date. There is a full week of FED announcements, the Binance Case (Freezing of assets now no longer looking like its happening), Hinman E-Mails.
Although our faith is very much with Binance on this one - we have a bullish signal, along with a bullish divergence coming in from an oversold position on the RVI. There is a strong trendline breakout. It is is also looking like it could be setting up a new range between 301.14 and 220.75. Along with the bullish untested Weekly Pivot.
BNB: THE FALL TREND OF BNB below $200According to the latest study, there is a strong likelihood that BNB (Binance Coin) will experience a downward trend, potentially reaching a new low within a short period of time. This prediction is based on the previous trends of BNB, taking into account technical aspects of the cryptocurrency.
As per the update, it is expected that BNB will drop below the $200 mark. The analysis of BNB's price history reveals that it started at a value of $8, and since then, there has been a significant increase in liquidity volume. However, when a considerable portion of this liquidity decreases, it can have an impact on the price movement of BNB.
This is not trading advice, manage always your trades and risks well.
🔥 BNB Waiting For Oversold Bounce Break OutBNB has been a leading bearish crypto over the last couple of days, which has most likely to do with the legal issues that both Binance and CZ are currently facing.
Nevertheless, I think that BNB is still a worthwhile asset. With BNB hitting daily oversold (bottom indicator is daily RSI), I'm expecting some kind of bounce in the near future.
The entry signal will be once BNB can successfully close an hourly candle above the dotted purple resistance. Stop below the recent swing low (currently 263) and a target of 300.
BNB Binance Coin Rejected by the Resistance After the first price target was reached:
It`s the 4th time since the major selloff to $183 when BNB Binance Coin faces the $335 Resistance level.
I think it will be rejected once again and head to the $276 Support.
I`m opening a short position here. Of course, not financial advice, just my own risk.
Looking forward to read your opinion about it.
SEC Sues Binance taking Bitcoin right to its mark!Traders,
Legalized mafia (the SEC) have attacked crypto once again. But crypto remains strong, resistant, and resilient. This time will be no different. In fact, from a technical standpoint, as long as we can remain above BTC 25,200, I will be as bullish as ever. Let's take a look how the SEC's lawsuit against Binance might impact crypto.
Stew
BTC Bitcoin Bad News | SEC has filed 13 charges against Binance!Binance and its co-founder Changpeng Zhao (CZ) were sued by the U.S. SEC on 13 different charges. The commission claimed that the defendants mixed together user funds worth billions of dollars and pointed out that the money was sent to a European company controlled by CZ.
The commission stated that Binance established its U.S.-based entity, Binance.US, as a means to protect the exchange and its CEO, with the intention of evading law enforcement. However, the regulatory body referred to Binance as an unregulated international exchange.
In its complaint, the U.S. SEC identified BNB, BUSD, SOL, ADA, MATIC, FIL, ATOM, SAND, MANA, ALGO, AXS, and COTI as securities and accused Binance.US of facilitating their trading.
Binance CEO, CZ, characterized the allegations made by the commission as "an attack on the entire industry.
I expect that BTC Bitcoin will complete the Head and Shoulders bearish chart pattern and reach $23000.
Looking forward to read your opinion about it!
BNBUSDT DailyHi guys, Hope you well
We have two scenario for binancecoin. I agree with first that go down to daily demand .
SecondChanceCrypto
⏰27/April/23
⛔️(DYOR)
always do your research.
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Binance Coin BNB Price Targets after Ethereum Shanghai upgradeEthereum’s Shanghai upgrade is scheduled to launch on April 12.
The upgrade will make more than 18 million ether, worth approximately $34Billion, withdrawable, possibly causing a sudden crypto market supply dump.
This is my scenario for Binance Coin:
BNB/USDT short
Entry Range: HKEX:315 - 325
Price Target 1: FWB:295
Price Target 2: HKEX:265
Price Target 3: HKEX:240
Stop Loss: $350
Binance COIN BNB Price Target after the U.S. CFTC sued BinanceBinance and its CEO, CZ, are being sued in the US by Commodity Market Regulators in a complaint that claims the defendants committed “wilful evasion of US law”.
This comes after the SEC Charged Crypto Entrepreneur Justin Sun and his Companies for Fraud and Other Securities Law Violations last week.
Binance is responsible for 61.8% of the global crypto trading. Its Market Share is Huge!
I assume we are about to witness a major selloff in the crypto industry.
My BNB Binance Coin Price Targets:
BNB/USDT short
Entry Range: $310 - 320
Price Target 1: $295
Price Target 2: $265
Price Target 3: $240
Stop Loss: $350
BNB coin falls sharply on newsBinance was in the headlines today with the CFTC.
The BNB token had a nasty fall into support. This token is at a key technical area. If it loses this area, the price action can start to fall even sharper to the next major support level seen on the lower wedge.
Will the largest trading exchange in the world get caught up in a crypto ponzi like FTX?
If this does happen crypto would see an epic collapse much greater than anything before.
Trade Alert - Take ProfitTraders,
We’re 8 for the last 8 with at least 5 of those wins on XRP. I’ve watched the drop since resistance and XRP looks to be forming a shooting star candlestick pattern on the daily. Not wanting to test fate, I’ve opted to take the remaining profit here at .46 cents. We also look to be forming an “M Pattern”. This makes sense from a technical standpoint. I would like to see us go back and retest the upper side of that triangle that we recently broke out of.
Stew
P.S. - Ignore that re-entry area. Forgot to take it off of my chart. That has already been taken advantage of and I now anticipate we may drop below it.
Binance Coin BNB Price targets if SEC will ban Crypto StakingCoinbase CEO says he heard rumors the SEC wants to ban crypto staking.
Already crypto exchange Kraken shuts down crypto-staking.
This will have ripple effects in the entire industry!
My price targets for Binance Coin BNB are:
BNB/USDT short
Entry Range: $300 - 310
Price Target 1: $282
Price Target 2: $265
Price Target 3: $220
Stop Loss: $337
BNB Binance the next FTX and the Crypto Collapse I don`t think the bear market is over because of BUSD issues.
The Securities and Exchange Commission has told crypto firm Paxos who issued BUSD, that it plans to sue the company for violating investor protection laws.
Binance was the biggest holder of BUSD, with holdings worth $12.3bn, equal to 58% of the stable coin’s circulating supply on Ethereum, as of 1 October 2022.
On Sept 29 2022: "Existing USDC, USDP and TUSD balances in user accounts will be automatically converted to BUSD at 2022-09-29 03:00 (UTC) (“Auto-Conversion”)"
So after the SEC lawsuit i assume people will move from BUSD to USDT, which needs to print new coins and make bigger reserves. But they already have problems with liquidity, not all the market cap being assured by dollars.
USDC is issued by Circle, in which Goldman Sachs and other US entities invested.
In conclusion, i believe that after Binance delisted USDC, we are witnessing a war between the establishment represented by Circle and Binance, which could prove insolvent is people will fully exit BUSD and BNB. Paxos already announced that it won`t issue more BUSD after the SEC warning.
Binance also shuffled +$1 Billion in customer assets without customer permission, just like FTX - Forbes wrote in an article.
I think the SEC is after Binance.
In just 4 years, BNB, Binance Coin, made an impressive 7197X gain.
Considering it overvalued, i have used the Fibonacci retracement tool to determine the next support level.
My price target is the 0.786 level, respectively $160.
Looking forward to read your opinion about it.
it's time to falling for BNBUSDTbefore buying, please check for being sure about your opinion about this CRYPTOCURRENCY!!!
(in every target you want, closed the position but our target is the third one)
enter price not here that we are be careful about it guy's
*Guy's the entry place is importance things in enter in a position and be careful do not going up your leverage over 7x ,all things it's about risk management*
*************************************************
if you want to enter in this position:
Enter Price: 295.444
Target1: 287.806
Target2: 283.428
Target3(Final Target): 277.001
Stoploss: 303.082
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BNX : NEW VERSION Since the update on BNX we follow the price action depending on last trends.
We check if the price is able to break out to up to $2 coming time from this zone the 1.30 zone.
If we see some movements in the price action we will follow the coin further.
Binance Coin BNB Price Targets for this weekThis week I predict another selloff in the stock and crypto market after the CPI report on January 12.
My price targets for Binance Coin BNB are:
BNB/USDT short
Entry Range: $270 - 280
Price Target 1: $255
Price Target 2: $239
Price Target 3: $219
Stop Loss: $298
I SEE IT COMING CZ Binance FUD is getting serious after the inconvenient CNBC appearance of CZ, removal of last audited files & the large amount of withdrawals last week.
SBF's $250m bail & return to his parents after stealing over $10b seems like a joke, but his past financial aids and donations to election campaigns paid off! and guess what? they will even attack Binance as a revenge!
Binance is a private company and it is not forced to share very detailed financial reports! but Gensler can do whatever he wants.
I will be a happy buyer of $BNB at $200 or lower.