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✴️ Prepare For Change | Better Safe Than Sorry (BNB Weekly)How would your trades, your positions, your portfolio, your balance, your Crypto be affected if there is a "change of management" in this exchange? I've seen sometimes where funds become stuck for a long time while certain legal situations are clarified. Sometimes a portion is lost, other times refunds can happen fast but with limitations... What I've never seen is a smooth, painless ride when there is a sudden, surprise, out of the blue "change of management". One of the most famous saying in the investment world goes like this: "Do not put all of your eggs in one basket". This is of course a precaution method. If you have all of your eggs in one basket and for whatever reason the basket falls, you are going to lose all of your eggs, but if you diversify, run away, you might end up being completely safe. The market normally moves as one. The market moves as a single living unit... Binance Coin produced waves in 2021 just like Bitcoin did. Somehow, this isn't the case anymore... While Bitcoin weekly is up, facing resistance, Binance Coin is down, facing support. I have no idea what is going to happen. We can never guess what the world has in store for us. But something that you get used to having today, tomorrow can be gone. TA Binance Coin (BNB) is trading above MA200 as the last support. This week it moved below EMA300 on multiple long-term bearish signals. Here is the weekly MACD: - Moved bearish. - Red histogram. - Jumping off a cliff. This is in stark contrast to BTCUSD. Here is the RSI: - It sits at 36. - Bitcoin's weekly RSI sits above 60. What one does, the rest follows? Nope... There is something going on. The charts are giving a strong warning that Binance Coin might detach from the rest of the market and this can only mean the worst. Namaste.
CRYPTO:BNBUSDShort
by MasterAnanda
7
Binance Coin can exit from triangle and then fall to 225 levelHello traders, I want share with you my opinion about Biance Coin. By observing the chart, we can see that the price some days ago started to trades in a big range, where it first made a correction to 237 current resistance level. After this, the price rebounded and rose to the top part of the range, which coincided with the 256 resistance level and seller zone, but at once fell back. Then BNB some time traded near the 237 level and later made a strong upward impulse higher than the 256 level with the seller zone. Also price exited from range, and then it entered to triangle, in which it started to decline and in a short time fell until to support line, thereby breaking the 256 and 237 levels. After this movement, BNB rebounded from the support line of the triangle and tied to back up, but failed and now it trades near the resistance area. Possibly, Binance Coin can enter to resistance area, thereby exiting from the triangle and then the price starts to decline. So, I set my target at the 225 level. Please share this idea with your friends and click Boost 🚀
Short
by LegionQ8
2
HelenP. I Binance Coin can start to move up to resistance levelHi folks today I'm prepared for you Binance Coin analytics. A short time ago price started to trades inside consolidation, where it first reached resistance 2 and then started to decline to resistance 1, which coincided with the resistance zone. After the price fell to this level, it at once rebounded and rose to one more resistance zone, which coincided with the top part of the consolidation. Then BNB bounced back and some time traded near resistance 1 and later price made a strong impulse up to 271 points, thereby breaking resistance 2. But soon, BNB around down and in a short time declined to resistance 1, breaking the 256 level again. As well soon, the price broke the 238 level too and fell below the resistance zone, but a not long time ago it rose to this zone and now trades near. For my mind, Binance Coin can rise to resistance 1, and try to break it. After the breakout, the price can make a retest, or at once continue to move up without a retest, That's why I set two targets, the first target at the 238 and the second - at the 248 levels. If you like my analytics you may support me with your like/comment ❤️
Long
by FirstNameHelen
Binance Coin(BNB) is following the 🚩Symmetrical Triangle🚩!!!Binance Coin(BNB) is completing a symmetrical triangle between two 🟢support🟢 and 🔴resistance zones🔴. Corrective movements are all zigzag, and currently Binance Coin(BNB) is seen near the resistance zone and the upper line of the symmetrical triangle, and also, there is a divergence between wave A and wave C in the previous corrective structure. So I expect Binance Coin(BNB) to decline at least to the lower line of the symmetrical triangle (around ➖17%). Binance Coin Analyze ( BNBUSDT ), Daily time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy, this is just my Idea, and I will be glad to see your ideas in this post. Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
4
BNB Binance Coin The Big Short - CZ to Step Down & Plead GuiltyIf you have`t sold the Bearish Pennand doubled by fundamentals here: or The Next FTX article: Then: Binance Founder Changpeng Zhao to Step Down and Admit Guilt! The CEO of Binance, the world's largest cryptocurrency exchange, is set to resign and plead guilty for violating U.S. anti-money-laundering laws, as part of a deal aimed at allowing the company to maintain its operations, sources familiar with the situation revealed. Changpeng Zhao is expected to make his plea in a Seattle federal court on Tuesday afternoon, according to recently unsealed court records. Simultaneously, prosecutors unveiled charges against Binance, owned by Zhao, for offenses related to money laundering and sanctions. Binance is also slated to plead guilty. Considering these developments, I anticipate a decline in the value of the BNB coin. Curious what are your thoughts on the potential price decrease?
Short
by TopgOptions
Binance coin rocky road- Not a good picture for bullsAfter finding solid support just above the 200 mark in August, Binance Coin began a period of consolidation. This phase was followed by a break to the upside and a rise, fueled by a renewed wave of enthusiasm within the cryptocurrency market. But, and there is a big BUT... Looking closely at the recent price action we see that after the break of the consolidation to the upside, the coin lacked meaningful continuation and started to consolidate again. More, the spike from 2 days ago was met with selling power, and yesterday, again, the rise was reversed strongly, leaving an immense bearish engulfing candle on our daily chart( approx 20% the range of the candle ). All these signs are not bullish at all, in fact are hugely bearish. In conclusion, I'm looking to sell BnbUsdt on rallies around 250 with negation above recent spikes. A conservative target for this scenario would be the 200 zone. However, it wouldn't be surprising if we see a breakthrough beyond this level as well.
Short
by Mihai_Iacob
BNBUSDT Bulls in Control🔅BNBUSDT's price movements have revealed a compelling shift in two supply levels transitioning into key demand zones. Initially observed at $220, the resistance-to-support transformation is evident, indicating a robust shift in market dynamics. The subsequent level at $238 echoes a similar narrative, reaffirming the trend of supply turning into demand. Over the past three days, this support level has garnered consistent respect, aligning harmoniously with the ascending trendline. This collective pattern underscores the prevailing dominance of buyers, significantly bolstering the probability of an ongoing uptrend scenario. 🔅The continuous adherence to the present support levels fortifies our anticipation of a potential 15% surge in Binance Coin. Our prognosis derives strength from the identification of a formidable double Fibonacci resistance positioned at $270, which serves as a significant barrier to price movement. 🔅As long as the current support levels maintain their integrity, the outlook remains bullish, setting the stage for a probable upward movement with a calculated target of $270, signaling a 15% upward trajectory for BNBUSDT.
Long
by CryptoPAMM
BNB Price Soars As Binance Discusses $4 Billion Fine The U.S. Justice Department is seeking more than $4 billion from Binance Holdings as part of a proposed resolution of a years-long investigation, Bloomberg News reported on Monday. Negotiations between the Justice Department and Binance include the possibility that the cryptocurrency exchange's founder, Changpeng Zhao, would face criminal charges in the United States. The BNB price soared as much as 7% after Bloomberg News reported that Binance is in discussions with the US Department of Justice (DoJ) that may result in it paying a $4 billion fine to settle allegations of multiple criminal violations. The discussions with the DoJ may result in a settlement within weeks, but founder Changpeng Zhao may still face criminal charges, Bloomberg reported, citing people familiar with the matter. Binance, the world’s biggest crypto exchange, has been accused of money laundering, violating sanctions, bank fraud, and breaking US securities laws in a case that has weighed heavily on the crypto industry. A $4 billion settlement would make it one of the biggest in the history of the cryptocurrency space. Whether other conditions would be imposed as a part of the settlement are unknown, Bloomberg said. The BNB token, which powers the Binance ecosystem, spiked as markets interpreted the news as a bullish, best-case scenario for the beleaguered crypto exchange. It subsequently pared gains to trade up 4.8% at $260.73 as of 06:12 EST but is now trading at $257.3 with a gain of +1.77
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by DEXWireNews
BNB Update - 23082023BNB Should hold critical support at 200. Otherwise whole crypto market will drop as we observed in FTX collapse. Disclaimer: The information and analysis provided in this publication are for educational purposes only and should not be construed as financial advice or recommendations to buy, sell, or hold any securities. The author and TradingView are not responsible for any investment decisions made based on the content presented herein. Always consult a financial professional before making any investment decisions.
by rukshan2102
Binance (Build and Build): Facing the SEC and the FUDSBinance Coin (BNB), the leading cryptocurrency exchange in terms of volume, has seen gains in its weekly chart, giving investors hope for more profits. According to the latest data, things could get even better as BNB’s Galaxy Score is at its highest level among the top cryptocurrencies, which is promising for a bull run. Investor Interest in BNB The popular altcoin BNB has managed to impress investors by showing an increase of over 1.5% in its price in the past seven days. At the time of writing, it was trading at $213.51 with a market capitalization of over $32.2 billion, making it the third-largest cryptocurrency. As the price of the altcoin rose, the trading volume also experienced double-digit growth, paving the way for price increases. According to the data from analytics firm Artemis, Binance’s network activity has also seen an increase recently, as it revealed that BNB’s daily active addresses have been on the rise in the past few weeks. Increase in BNB Metrics A similar upward trend has been observed in terms of daily transactions for the blockchain, which sharply rose after a decline. The trading volume of the blockchain has also increased in the recent past, indicating that investors are willing to effectively trade BNB. The increase in volume has also supported the price surge. Thanks to the price increase in the cryptocurrency, the volatility of the token has significantly increased in the 1-week period, raising the possibility of further growth. The token’s social volume has also recorded a relatively higher level. This suggests that the token was a popular altcoin in the crypto space last week. According to experts, most indicators favor the bulls, which could lead to further price increases for BNB. For example, the MACD showed an upward trend. BNB Chain’s Money Flow Index (MFI) and Chaikin Money Flow (CMF) have increased, which could increase the likelihood of prices moving further north.
CRYPTOCAP:BNBLong
by DEXWireNews
BNBUSDT - Price can bounce up from support level to $215Hi guys, this is my overview for BNBUSDT, feel free to check it and write your feedback in comments👊 When price bounced and made upward impulse to $235 points, it at once fell back, thereby making fake breakout of $221 level. Also, BNB entered to big flat, where it first fell to $206 support level, which coincided with support area. Then price bounced up to top part of flat, which coincided with resistance area, and at once made correction. After this price repeated movement up and then fell to support area, but recently BNB bounced back, making fake breakout of $206 level. Now it trades very close to support level in flat and in my mind Binance Coin can decline to this level and then bounce up to $215 If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
8
Binance Coin (BNB) -> Another 500% RallyMy name is Philip, I am a German swing-trader with 4+ years of trading experience and I only trade stocks , crypto , options and indices 🖥️ I only focus on the higher timeframes because this allows me to massively capitalize on the major market swings and cycles without getting caught up in the short term noise. This is how you build real long term wealth! In today's anaylsis I want to take a look at the bigger picture on Binance Coin . You can perfectly see that Binance Coin is forming quite strong support at the psychological $200 level from which we already saw multiple bullish rejections. However since Binance Coin is approaching this level with lower highs, I am personally waiting for a breakout of the current bullish continuation triangle pattern. - - - - - - - - - - - - - - - - - - - - I know that this is a quite simple trading approach but over the past 4 years I've realized that simplicity and consistency are much more important than any trading strategy. Keep the long term vision🫡
CRYPTO:BNBUSDLong
by basictradingtv
31
Binance Coin -> Massive Risk To RewardMy name is Philip, I am a German swing-trader with 4+ years of trading experience and I only focus on price action and market structure 🖥️ I am trading the higher timeframes because this allows me to massively capitalize on the major market swings and cycles without getting caught up in the short term noise. This is how you build real long term wealth! In today's anaylsis I want to take a look at the bigger picture on Binance Coin. After the solid break and retest in June of 2020 Binance Coin followed the crypto bullrun and pumped more than 5.000% towards the upside. With the recent -70% correction Binance Coin is forming a triangle pattern and if we see a breakout I do expect a massive pump again. - - - - - - - - - - - - - - - - - - - - When the market moves where, and how, and if - these are all unknown. The only thing which you can control is your risk. - Philip Basic Trading - Keep the long term vision🫡
CRYPTO:BNBUSDLong
by basictradingtv
5
Binance Coin can break resistance level and then continue riseHello traders, I want share with you my opinion about Binance Coin. Observing the chart, we can see that the price some time ago rebounded down from the resistance line to the support line, thereby breaking the 221 resistance leve. After this price bounced up to the resistance line, but when it reached this line, BNB at once rolled down to the buyer zone, breaking the support line. Also, the price broke the 207 level, but soon it bounced back, making a fake breakout, and entered to range. Inside range price rose to the top part, which coincided with the 221 resistance level, and then made a downward impulse to the 207 level. After this movement, BNB rose to the 221 level again, but there time it declined until to buyer zone, thereby exiting from the range. As well recently Binance Coin tried to rise higher of the 207 level but failed and now the price is traded very close inside the buyer zone. I think BNB can try to break the resistance level, and if the price breaks this level it can make a retest, or at once continue to move up without a retest. For this reason, I set my target at the 215 level. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
5