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Binancecoin

Is BNB going to $400? Where to OPEN a trade?Binance Coin (BNB), like all cryptocurrencies, continues to drop! Support zones where the price can stop: 1. $394-400 2. $371-380 It is better to open a long on a false breakout. An additional indicator would be a BIG volumes! If the price starts to squeeze under the trend line, you need to keep a close eye on the price. Usually a squeeze after such corrections leads to a PUMP. Short traders become the fuel for these movements! Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU. P.S. I personally will open entry if the price will show it according to my strategy. Always make your analysis before a trade.
by Yuriy_Bishko
4
$BNB - Hints At Bullish Reversal - Shapes mean nothing *Smart $"*SMT = Smart Money Theory = everything you think that is not retail related to trading. First, SMT does not believe that triangles, wedges, trendlines, channels, harmonics, etc. has any effect on how price reacts. I'm Sorry but you won't convince me that Bitcoin knows it has created a triangle and that it knows how to react from that? Nah, it remembers price levels, that's it. The second is to recognize that the price is not random, it is set by an algorithm controlled by those that control the asset. The Third thing to remember is price will move toward attacking where there is Liquidity (Equal Highs, Equasl Lows, phantom Trendlines etc.) and Balance (Fair Value Gaps, Liquidity Voids.) That's the basics. The rest is very unique in the vocabulary you need to have and the concepts that wrap around these ideas. As for the BNBUSD chart, It seems as if the current state of the chart has fulfilled a 4-hour fair value gap. It has created sell-side liquidity to attack which is why I believe it will go lower towards equal lows. Additionally, if y9u put a Fib on it, The "Discounted" area doesn't begin until gets below the equal lows. I personally have an entry at the median of hourly Bullish Order Block which is about 358-359. However, it could easily get into and fill the 4 hour fair value gap which is the yellow rectangle area between 345 and 354. After that I see more consolidation and eventually the run-ups to fill gaps and voids like the area near 378-385 up to a bearish order block at 454. Just my two cents, we shall see what the chart pushers want to do with that chart. I personally shorted it at 374 and currently at 371.42. Crossing my fingers it goes as planned Good luck traders :)
BLong
by BodiesXWix
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. If you like this idea then do support it with like and follow. Thank You!
Long
by CoreCrypto1
5
Binance Coin Price Analysis — April 4Binance Coin (BNB)’s recent bullish momentum appears to have thinned out at the $450 resistance as the price has struggled to break this resistance level over the past five days to no avail. That said, the inability to clear the $450 resistance line sent the fourth-largest cryptocurrency on a sharp retrace to the $420 support this morning. However, BNB found some cushioning from the 100 EMA, which in the daily and 4-hour charts repelled the bearish attempt below $420. While the cryptocurrency has returned near the $450 mark, a broader market weakness could frustrate an upside attempt in the coming hours. However, the recent decline formed a double-bottom pattern around the $420 area, indicating that bulls still have a shot. Meanwhile, my resistance levels are $450, $460, and $470, and my support levels are $436, $420, and $410. Total Market Capitalization: $2.14 trillion Binance Coin Market Capitalization: $73.5 billion Binance Coin Dominance: 3.4 % Market Rank: #4
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by Mr_Wogbe_Alex
2
Binance Coin Ascending ChannelBinance Coin (BNBUSDT) also seems to be consolidating on the bullish side. Prices remain trading above EMA10, which favors the bulls short-term. Prices trading above EMA50 favors the bulls mid-term. Prices trading above EMA100 favors the bulls long-term... As long as BNBUSDT stays above the EMAs, we are bullish... Below the EMAs the bullish bias weakens but still remains. Any trading above the last low (red lines on the chart) and we expect higher prices maybe in days, weeks or months. Additional details on the chart. Namaste.
Long
by AlanSantana
1
BNBUSDTHello Crypto Lovers, Mars Signals team wishes you high profits. As the chart is portraying, the price achieved a rise after breaking through the green line and is currently residing under R1. Here we drew a red line which has been touched a few times without being successfully broken. Thus we expect another reaction to this resistance area which would end in a withdrawal to the lower support zones. Warning: This is just a suggestion and we do not guarantee profits. We advise you analyze the chart before opening any position. Wish you luck
Long
by MarsSignals
2
Will Binance Coin(BNB) RENEW its highs? NEW UPDATE!Binance Coin(BNB) is consolidating under the liquidity gap, which we can quickly break up if the bulls accumulate enough strength after a small consolidation. Earlier we saw that after the liquidity gap was tested, the volumes have increased significantly and there were deep pullbacks of 12% and 27%. The big player took short positions, trapping traders who opened long positions! Now after we tested liquidity gap, the volumes did not increase and we started consolidating with small candles under the low liquidity zone of $439-460. These are indications of the bulls' strength! There could also be a local pullback with liquidity collection by big players to open long positions. Volumes should definitely go up! Friends, press the "like" button, write comments and share with your friends - it will be the best THANK YOU. P.S. Personally, I open an entry if the price shows it according to my strategy. Always do your analysis before making a trade.
by Yuriy_Bishko
4
BNB/USDT TECHNICAL ANALYSISTechnical analysis of BNB USDT graph, from my view it will most likely continue growing but if its a false signal it may return back down to the diagonal support., aim would be to sell 80% of the amount im holding at middle of the diagonal channel and hold 20% and see if it would go up to the top. Any advice or any criticism on my analysis would be greatly appreciated i am here to learn, feel free to drop a comment that would greatly be appreciated aswel!!!
Long
by glebfomin6
BNB (Binance Coin) Coin Analysis 26/03/2022Fundamental Analysis: Launched in July 2017, Binance is the biggest cryptocurrency exchange globally based on daily trading volume. Binance aims to bring cryptocurrency exchanges to the forefront of financial activity globally. The idea behind Binance’s name is to show this new paradigm in global finance — Binary Finance, or Binance. Aside from being the largest cryptocurrency exchange globally, Binance has launched a whole ecosystem of functionalities for its users. The Binance network includes the Binance Chain, Binance Smart Chain, Binance Academy, Trust Wallet and Research projects, which all employ the powers of blockchain technology to bring new-age finance to the world. BNB is an integral part of the successful functioning of many of the Binance sub-projects. Binance is a unique ecosystem of decentralized, blockchain-based networks. The company has grown to be the leading crypto exchange in a number of countries, and their side organizations are attracting significant interest as well. One of the biggest competitive advantages Binance has is its drive for development. While the company started only as a crypto exchange back in 2017, today, Binance has spread its services among numerous different spheres. According to the company website, its mission is to become the infrastructure services provider for the entire blockchain ecosystem. Since launching the BNB, the exchange has also benefited from increased investor interest in the token. BNB went through a significant price increase at the beginning of 2021, which has put it on the map of enterprise investors. Measures like BEP-95 have upgraded the already deflationary tokenomics to make BNB even more deflationary. Following the proposal, gas fees on Binance Smart Chain have become even lower, as the network burns a part of the fees to decentralize further. The proposal was modeled after Ethereum's famous EIP-1559. Initially, the BNB started as a traditional ERC-20 token on the Ethereum blockchain. Later on, the company introduced its own blockchain, and the coins started being issued from the Binance blockchain, secured by the Tendermint byzantine-fault-tolerant (BFT) consensus mechanism. While ERC-20 tokens rely on the proof-of-stake (PoS) consensus, which allows them to be extremely scalable, and allows for the creation of smart contracts. Unlike PoS, the Binance blockchain does not support smart contract functionalities. In contrast, the Bitcoin blockchain is secured by the proof-of-work (PoW) consensus, which is far more limited and consumes large amounts of electrical and computing power. This has helped Binance overcome several exploits of protocols on BSC, such as a $200M exploit of Pancake Bunny and several hacks of Cream Finance. Despite these hacks, users return to Binance for its low fees and the abundance of lucrative meme coins in its ecosystem. There is an initial maximum supply of 200,000,000 BNB coins, of which 165,116,760.89 are currently in circulation as of March 2022. Binance conducts quarterly burning of the BNB supply, with the goal of reducing the total supply by half — or 100,000,000 BNB. On July 18, 2021, it conducted its 16th quarterly burning, which was worth $390 million in BNB price at the time of burning. However, that was not the most expensive burn — on April 16, 2021, the exchange burned nearly $600 million worth, in BNB price at the time of burning. According to the Binance whitepaper, exactly half of the maximum supply of BNB tokens was allocated towards the initial coin offering (ICO) and public sale of the token. The ICO was held in July 2017 shortly after the exchange launched, and saw Binance raise $15 million in funding, with BNB price at $0.10 during the ICO. Taking BNB price today, that represents an almost 4200X return on investment (ROI). Another 40% of the total supply, or around 80,000,000 BNB coins, was distributed among the founding members and team. Finally, the remaining 10% of the maximum supply was split among angel investors. Changpeng Zhao is the founder and CEO of Binance. In 2001, Zhao joined Bloomberg as head of tradebook futures development. He spent four years with the company and later joined Fusion Systems as a partner. Since 2013, Changpeng Zhao has been actively involved with blockchain technology and cryptocurrencies. He became head of development at Blockchain, and in 2015 he founded BijieTech. In 2017, Zhao officially launched Binance, and he has been the CEO of the company ever since. He Yi is a co-founder and chief marketing officer at Binance. She started her career as a TV anchor and presenter on China Travel TV in 2012. Later, in 2014, Yi co-founded OKCoin, which was the largest fiat-to-crypto exchange in China at the time. In 2017, she joined forces with Changpeng Zhao, and together they created the largest crypto exchange globally — Binance. The current CoinMarketCap ranking is #4, with a live market cap of $68,067,543,893 USD. It has a circulating supply of 165,116,761 BNB coins and a max. supply of 165,116,760 BNB coins. Technical Analysis: As you can see the Price is getting Squeeze above the Major Trend Line and between the 38.2% of Fibonacci Retracement Level which acts as a Resistance zone. the out come is Most Probably is the Breakage of the Resistance area and Strat of a Bullish Impulse Trend, as the Major Trend line may act as an Stronger Support. There exist a Hidden Bullish Divergence of Price and MACD which is the sign of bullish Trend Continuation. We have Defined 2 Targets Based on the Fibonacci Trend Base Extension of the 0 to Initial Impulsive Wave and its Retraced Level. the defined targets are the 1 TP <750$> (161.8% Fib) which is the extension level and if it gets Triggered then the 2 TP <1100$> (261.8% Fib) , is Confirmed. We have analyzed the BNB Total Market Capitalization Chart, where it is clearly showing a heavy Reaccumulating Areas and its Possible Growth Levels: looking at this Analysis we can observe that the worthiness of this asset and its potential Growth extends... This Analysis is Based on our Past Analysis of the First Cycle:
Long
by BitonGroup
BNB Seem to be Worth of Purchase Now 25/02/2021BNB was launched through an initial coin offering in 2017, 11 days before the Binance cryptocurrency exchange went online. It was originally issued as an ERC-20 token running on the Ethereum network, with a total supply capped at 200 million coins, and 100 million BNBs offered in the ICO. However, the ERC-20 BNB coins were swapped with BEP2 BNB on a 1:1 ratio in April 2019 with the launch of the Binance Chain mainnet, and are now no longer hosted on Ethereum. BNB can be used as a payment method, a utility token to pay for fees on the Binance exchange and for participation in token sales on the Binance launchpad. BNB also powers the Binance DEX (decentralized exchange). You cannot mine BNB as you would a proof-of-work cryptocurrency, since the Binance Blockchain uses the Byzantine Fault Tolerance (BFT) consensus mechanism. Instead, there are validators that earn from securing the network by validating block Before BNB migrated to Binance Chain, Binance performed coin burns on the Ethereum network using a smart contract burn function. The amount of coins that Binance burns is based on the number of trades of the exchange over three months. Since the Binance Chain launch, BNB coin burns no longer take place on the Ethereum network and now use a specific command on Binance Chain, as opposed to a smart contract the live Binance Coin price today is $244.82 USD with a 24-hour trading volume of $5,214,310,297 USD. Binance Coin is down 9.64% in the last 24 hours. The current CoinMarketCap ranking is #3, with a live market cap of $37,833,042,747 USD. It has a circulating supply of 154,532,785 BNB coins and a max. supply of 170,532,785 BNB coins. Technical: there are total of 3 TPs which the second Target is like a triger for the 3TP
Long
by BitonGroup
6