BNBUSD (4H) Bearish breakoutHi Traders
BNBUSD (4H Timeframe)
The market is in a downtrend and we are waiting for an entry signal to go SHORT below the 405 support level. Only the upward break of 447 would cancel the bearish scenario.
Trade details
Entry: 405
Stop loss: 447
Take profit 1: 380
Take profit 2: 340
Score: 7
Strategy: Bearish breakout
BNBBEARUSD trade ideas
Binance Coin Price Analysis —January 10Binance Coin (BNB) resumed its downward spiral on Monday, as it became apparent that bears are now in control of the market bias. BNB now trades along my multi-month-long descending trendline towards the $410 - $400 support area. That said, I expect to see a bearish continuation over the coming days along the trendline as we continue to witness a breakdown of the bull cycle.
Meanwhile, my resistance levels are 436, $450, and $460, and my support levels are $410, $380, and $350.
Total Market Capitalization: $1.91 trillion
Binance Coin Market Capitalization: $70.8 billion
Binance Coin Dominance: 3.7 %
Market Rank: #4
BNB/USD Downside? 10 Jan 2022BNB (Binance Coin) is trending to the downside currently. Price has pulled into resistance at structure and the 50 hour moving average. I’m looking for downside from the current market price, targeting the 390 dollar mark. My stop is place conservatively above the previous highs, at 460.
Binance investigated for alleged investment app crypto scamsRecently the FIA, an acronym for the federal agency dedicated to investigation and cybercrimes in the United States, announced that it would be investigating Binance operations. The federal body is investigating a crypto scam that links to the popular exchange, according to reports.
• Binance agents in Pakistan must testify regarding links to crypto scams.
FIA sent Binance an order of attendance to Hamza Khan, the head of analysis at the Pakistan-based exchange. The order shows that Khan could be involved with crypto scams using fake apps to encourage people to invest their money.
The federal body also sent a questionnaire to Binance based in the United States and the Cayman Islands to clarify things. The investigations opened early on Friday, January 7, 2022, and could show progress in the coming weeks.
FIA clarifies that for some time, crypto investment fraud has been observed within Pakistan and the Ponzi methods, where the trader loses all his money for an ROI that never comes. The FIA does not point to the exchange as a fraudulent crypto company, but it does expect its head of analysis in the country of South Asia to give testimony.
$BNB/USD 2D (Binance Coin-Futures) Ascending triangle on supportBinance Coin is accumulating and holding above 100EMA for months now, it's likely to make new All Time High next year, let's swing!
Risk/Reward= 1:2.5 | 1:3.61 | 1:5.83
Expected Profit= +60.52% | +128.76% | +247.49%
Possible Loss= -24.26%
Fib. Retracement= 1.117 | 1.414 | 1.764
Margin Leverage= 1x
Estimated Gain-time= 5 months
www.binance.com
⚡️⚡️ #BNB/USD ⚡️⚡️
Exchanges: Binance Coin-Futures, BitMEX
Signal Type: Regular (Long)
Leverage: Isolated (1.0X)
Current Price:
525.800
Entry Zone:
527.931 - 464.347
Take-Profit Targets:
1) 796.4
2) 1134.96
3) 1724.05
Stop Targets:
1) 375.79
BNBUSD Dancing on 200EMAAfter checking out some new indicators im throwing a limit sell at 545 out there and gonna see if i can gain a 6% before it hits the next resistance level and plumits again ;-) only time will tell if im full of crap lol! Also first time posting here. Love all your community ideas and templates everyone!
BNBUSDI think the price can go down to approx. 480 - 460 Dollar here, as you can see now BNB price is below the Trendline
after that hopefully 480 - 460 will be a good support. otherwise, it can go down further to the next support.
Incase i'm wrong, if the price can go above the Trendline again i think BNB have a chance to moving up further to 600 Dollar in the short-term
Trade safely.