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BNB — Why $1,000 Is A Realistic Target!Binance Coin has been one of the strongest performers in recent months. It reached a new ATH and is only moderately down compared to many other altcoins. More importantly, the long-term chart looks appealing. BNB has formed a symmetric triangle on the daily chart. The lower (long-term) trend line serves as strong support, while the upper trend line of the triangle builds the resistance. Here's an essential aspect to know about triangle patterns: Symmetric triangles are so-called continuation patterns. That means triangles in an uptrend usually lead to a bullish breakout and continuation of the uptrend. In terms of Binance, we are in a clear uptrend. So, let's tackle the question of why $1,000 is a realistic target. Again, we have to look at the theory behind the triangle pattern. To calculate the breakout target, you need two steps: 1 - you take the highest high of the triangle and subtract the lowest low. 2 - you add the result to the price at the time of the breakout. Voila, you have your target. Let's do the math in terms of Binance: 630 (Highest High) - 230 (Lowest Low) = 400 If we now assume a breakout by the end of September, BNB's breakout point would be slightly below 600. 600 + 400 = yep, 1,000.
Long
by ben_walther
Binance coin (BNB) vs USD - Target - $70Lots of Bullish indicators for this alt-coin following Ethereum obvious bullishness. In fact BNB is Bullish against the Ethereum pair - make of that what you will. On the 1-day chart above we have price action with support on the 21-day moving average amidst narrowing Bollinger Bands (not visible here) following a life cross (June 2nd) of the 50-day crossing the 200-day moving average to the upside. Make no mistake, BNB is in a bull market (i.e. Price action above 200-day MA & life cross). Below we have a very impressive weekly chart. 3 Bullish indicators are visible. 1) Bullish divergence of price action versus money flow (bottom oscillator) 2) Price action support on the 21-week moving average indicating we're in a bull market 3) Volume. Lots of it. On the previous lows buying was intense, as it was on our recent higher low during the month of March. Finally the monthly chart: 2 things: 1) Price action is on the 21-month moving average 2) Monthly Dragonfly DOJI . If you've read to all the way to here - well done you! I say that because in my opinion this is the most important signal... the candle for the month of May is all buy. (a 1-day dragonfly DOJI is bullish indeed, a weekly Dragonfly DOJI is awesome, a month Dragonfly DOJI is a lucky find indeed) The long tail is significant, representing strong buying pressure. I've looked through all the alts on Binance for the month of May, nothing as strong as Binance coin. 1st target is $70
Long
by without_worries
Binance Coin Price Analysis - $16 Support Failed Relative Strength Index: The RSI is currently at a low 35 points. After dipping below the 30 points threshold twice in the past few hours, it's heading back down once again. If it stays above the 30 points threshold it will continue to drive the market down, if it crossed below the RSI will signal an oversold market and a rebound will ensue. Bollinger Bands: The price is still within range but is about to cross below the lower band. If that happens, there will be more pressure for a rebound upwards. Otherwise, the BBs diverge further giving the price more room to fall. Volume: There is a relatively low amount of volume for the amount of action we are seeing. That means the market shouldn't move too much at this point. However, at the same time if the price deviates enough, volume picks up extremely quickly. Binance Coin (BNB) Price Prediction The RSI and Bollinger Bands are not showing great signs as of right now. While we did have a brief moment to breathe, markets are toppling down once again. It looks like we might see another 5% correction downwards at least until the technical indicators can signal a rebound. My prediction is that Binance will touch $15.5 before rebounding back up. It's important to keep in mind that Bitcoin is the leader for this collapse so if BTC continues to fall so will BNB. Read Full BNB Price Analysis: The Merkle Hash
by nulltxmark
Binance all set to launch its own digital currency named “Venus” Facebook recently made an announcement regarding the launch of its own digital currency called Libra. Do you know the zodiac sign “Libra” is ruled by which planet? (in astrology) The answer is “Venus” and that’s the name of the digital currency which is going to be launched by the world’s largest cryptocurrency exchange Binance. Binance already the largest cryptocurrency exchange in the world is going to dominate the digital currencies market with the launch of its own cryptocurrency Venus. Yi He, the co-founder of Binance addressed a media conference and made the announcement. Here is what she said: “We believe that in the near and long term, stablecoins will progressively replace traditional fiat currencies in countries around the world, and bring a new and balanced standard of the digital economy.” She added: “We hope to achieve a vision, that is, to reshape the world financial system, allow countries to have more tangible financial services and infrastructures, protect their financial security and increase the economic efficiency of countries.” Venus is going to be an open blockchain with the wide range of applications and it is expected to be quite versatile far as its usage is concerned. When Facebook made a similar announcement it came under the scanner for its financial and economic impact. Many Governments and Central Banks started being skeptical about the impact it will have on the various currencies and on the economy and financial systems as a whole and Venus will have to face some challenges now that it is going to step in the market after the announcement.
by TheCoinRepublic
Binance goes bullish again. Confirmed!Here we go again - another coin analysis after deciding to put some of my private stuff publicly! As you can see from the graph, we had the first strong signal on daily yesterday. Today bull is confirmed again on WT_CROSS. We have convergences on all indicators. Previous high also worked well as support. The midterm and long-term we go up from here. Imo 90%+ probability for the bullish scenario. Short term we have some resistances there. Use the info wisely. Seems all strong coins are going bullish again. I believe we are beyond the local market bottom. If you like my work click like button or follow me and my ideas so I will post even more of them publicly. Might be good for you and for me. ;-) PS: It's just an idea. It's not investment advice!
Long
by Samoto
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