BNB In Danger Amid Regulatory Pressure
BNB In Danger Amid Binance Regulatory Pressure
Binance Coin appears to be forming a massive bearish pattern that could see the token's price plummet below $100.
KEY TAKEAWAYS
Binance Coin has enjoyed an impressive 32% rally over the last two weeks.
Despite the significant gains, BNB appears to have formed a bullish-to-bearish reversal pattern.
Losing the $314 level as support could mark the beginning of a steep correction.
Binance has faced mounting regulatory pressure worldwide over the last few months. Although the exchange’s daily trading volume has remained stable at around $30 billion, Binance Smart Chain’s native token, BNB, could soon suffer the consequences.
Binance Coin Could Crumble
Binance Coin is confronting a disastrous standpoint.
BNB seems to have been fostering a head-and-shoulders design on its every day diagram since mid-February. The fourth-biggest digital money by market cap as of now seems, by all accounts, to be framing the right shoulder of the negative arrangement.
A spike in selling pressure that pushes BNB underneath the head-and-shoulders' neck area could prompt a critical decrease. Cutting through the $280 backing could stamp the start of a downtrend by as much as 65% towards $98.
This bearish objective is controlled by estimating the stature between the example's head and neck area and adding that distance down from the breakout point.
BNBBTC trade ideas
BNB looking solidBNB much like Ethereum had a huge pennant play out on the higher time frames against bitcoin which broke out over the last few weeks with descent conviction despite relatively low volume.
Market is having a little cool off but respecting a equilibrium level at the moment how not ruling out a sharper pull back to around the 382 fib line.
If the trend stays in tact and can break the current high then looking at the supply block for another descent market correction on BNB
BNB On The Support Of The Median Line !BNB is in an uptrend and after 5 days of correction, now it is on the support of median line. If bulls support it here, we can expect to move ahead 0.0108 as the first target. The second target can be set on the top of the pitchfork. Stop-loss can be set under the median line and the mentioned support ( 0.0096 )
BNB/BTC as of 2021-08-25BNB/BTC has broken out of it's triangular structure about a week ago. There are 3 support levels to but buy orders at, should BTC start out-performing Alts. Place buy orders at these levels:
A. 0.0007651 This support has been visited at least 3 times since the major correction in May.
B. 0.0006801 This support has been visited once in the last few months, and could be revisited soon.
C. 0.0004501 This support has not hit for many months now, but is worth keeping in mind in case BTC dominance begins to climb at a fast pace.
BNB/BTC- Binance-coin long term nalysisBinance coin has remained relatively stagnant over the past two months.
Looking ahead, the first weekly resistance lies at VBRN 0.010000. If the shorters will be able to push the price down to 0.008000 we can expect that the price will drop all the way down to the demand area at 0.006695 which is also a 50.00% Fibonacci retracement from the start of the year 2021.
If the price will break the demand zone at 0.006695 the next support at 0.004500 will follow.
BNBBTC - All past times were before#BNBBTC 29.07.2021 1D
Look at the #Binance #Bitcoin #BNBBTC pair since its #fractal shows clear signs of a possible rise once #BTC begins to #lateralize, #BNB begins to follow it with a certain delay, but taking the beginning of a #bullish channel perhaps not exponential but consolidation and a return proportional to risk.
I am not an expert nor do I give #investment #advice.
BNBBTC 1D long setup; Breakout of desc TL and above EMAsTA explained
BNB broke out of the descending trendline and now trading above all 1D EMAs. A little pullback needed to activate the trade.
Trade setup
Best entries: 0.008595 - 0.008968
TP1: 0.010236
TP2: 0.011198
TP3: 0.012133
SL: 0.7525
RR: 2.67
Max leverage: na
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MDSquared Crypto Lounge
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Do Your Own Research (of course)
Trade at own risk (of course)
Only trade what you can afford to lose (of course)
BNB back to 550$, #BNB #BNBBTC BreakoutHello my dear padawans,
First thing, do not take this as a piece of financial advice.
I expect BNB will breakout from this level and will fly to 0.011BTC level asap.
BNB should bullish in this situation because most Bitcoiners jumping to strong alts from BTC.
This will be a mini-rally.
this can be a beta #Altseason in cryptoverse.
Let's see what's gonna happen.
May the force be with you,
Cheers.