BNB Market Cap Looks Ready to Fall From a $20 Billion CliffI have made a few bearish Charts about BNB in the past and this is just a small followup and reminder of what seems like the dump to come.
BNB has broken below all major moving averages and has been rejected from the 200-week SMA and now, if we break below $30B in market cap there will be no support below until 10 Billion Dollars but it could go much lower than even that. I thought about plotting some things on the chart such as a Bearish flag or a Harmonic, but I think the plain and empty chart in this scenario speaks more to just how bad this looks than any pattern ever could.
I will however provide a chart link below to the projection I plotted for BNB earlier on in the year:
Czbinance
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
BNB: DO OR DIE!!Hello everyone, if you like the idea, do not forget to support it with a like and follow.
Welcome to this BNB update. As you know recently we have seen many FUD against Binance. No one knows whether these fud are true or not but we trying to understand the situation by reading the chart.
BNB is currently trading around the $245 level. It is trading inside a descending triangle in the weekly time frame. It has very strong weekly support at the $210 level. If BNB breaks and closes below the $210 level then I didn't see any good support until $40 in this weekly chart.
So is it possible that BNB goes in two digits? Don't know yet but nothing is impossible in crypto. We have to see many unlikely events this year like FTX, 3AC, LUNA, and many more. So that's why anything is possible. All we can do is stay alert and preserve our capital.
Until BNB holds above the $210 level it is safe and it's a good buying zone with a little SL of below $200
Let's see how next year will come to us. Hope for the best.
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Alos, share your views in the comment section.
Thank You!
Is FTT going to crash like LUNA? NEWS&Trading Volatility = $$ ?!FTX:FTTUSD FTX:FTTPERP
FTX:FTTUSDT
Short Technical analysis of where the current price of FTT is hovering around. Levels that need to hold
Is FTT Token going to crash like Luna did?
Is it safe to keep your funds on FTX
What does CZ from Binance say?
What is Sam Bankman-Fried from FTX saying about it?
What are other market players saying about it?
Not Financial Advice. DYOR. Papertrade before trading with real money.
Hope you have a profitable trading day!
Shawn
BNB:TRADE SETUP! INVERTED H&S BREAKOUT!Hello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this BNB update. BNB looks good here.
BNB is breaking out from the inverse head&shoudler pattern in the 3hr time frame. After breaking out of the neckline, currently, it is retesting. After this successful retest, I'm expecting a good pump. Open a long position here and add more in dip.
Entry range:- $294-$302
Target1:- $320
Target2:- $344
Target3:- $378
Target4:- $404
SL:- $285
Use low leverage (4x-6x)
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BNB: EXPECTING 100% MOVE!!Hello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this BNB/USDT update. BNB looks very promising here.
BNB is breaking out from the symmetrical triangle and currently retesting it. BNB holds the retest level very well.
It has strong support at the $400-$430 level. I'm expecting a new ATH of BNB in 2022.
Entry range:- $400-$430
Target1:- $500
Target2:- $580
Target3:- $660
Target4:- $800
SL:- If any daily candle closes below $360
What do you think about this?
Do you think we see a new ATH of BNB this year or not?
Share your views in the comment section.
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BNB READY TO PUMP 100% FROM HERE!!Hello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this BNB/USDT TRADE setup. BNB looks very promising here.
BNB is breaking out from the falling wedge in the daily time frame and currently retesting it. Now, all we need is to break and close above 50ma then it ready to explode.
BNB has strong support around the $360 level. Buy some now and add more in dips.
Entry range:- $360-$390
Target:- 100%
SL:- $348
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RUNE/USDT QUICK UPDATESince my last analysis, the price has jumped by almost 30 percent and if we break now our LOCAL and GLOBAL lvl we can possibly expect another 15-20 percent pump to the upper side. Wait for the breakout moment and confirmation.
WE ARE CURRENTLY FIGHTING TO CLOSE ABOVE WEEKLY LVL ON A DAILY CHART.
TARGETS: TP1 - 7.671
TP2 - 8.045
TP3 - 8.210
STOPLOSS : WEEKLY CLOSE UNDER 6.726
GOOD LUCK!
BNB/USDT TA UPDATE!!Hello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this BNB/USDT TA Update. BNB bounced off from its important support zone of around $400 very nicely and currently trading above $450.
As you see in the chart, BNB is facing some resistance around $460-$470 (white trendline) so I'll not recommend buying here. I think it's better to wait again to come to the support zone than it's a good buying. BNB has a lot of potentials and sooner or later it will touch the $1000 mark.
Support/Entry zone:- $390-$420
Resistances?Targets:- $490/$530/$600/$650
If BNB breaks and holds its daily candle below $370 then I'll exit.
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Good News For Crypto MarketingAfter while more people know Elon Musk how and why of its tweets and natural movement of market , now we can see again that CRYPTOCAP:BTC.D falls down also see BTC dominance index in 3 last month under 200 MA and it is good news for Crypto traders, Altcoins Holders and whom looking for Basically and theoretically analysis of Markets Charts.
Today we have BINANCE:BTCUSDT market crash ( I think max till almost 42640$) Under the influence of late Elon tweets and Fear in Market,
nevertheless Altcoins Particular Major and fundamental strong based ones could Resistance against BAD news.
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