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BNB Perpetual Futures Contract

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BNBUSD.P trade ideas

BNB at critical junctureBNB is coming to a close on this descending triangle which is typically seen as a bearish structure. Depending on the price action we see, whether the descending line is broken to the upside for a bullish trade or the horizontal line breaks for a bearish trade, it could signal where the overall market could be heading over the next 12 months given the positive correlation across crypto. Considering the recent price action and weakness in BNB relative to Bitcoin along with the CZ fiasco the probability of a downside break seems likelier. Watching closely to see how price action unfolds.
BINANCE:BNBUSDShort
by TheCheartBreaker
Binance coin (BNB) to $40On the 2-day chart above price action has increased over 3500% since the 2-day life cross in September 2020. A number of reasons now exist to be bearish, including: 1) The ‘incredible sell’ signal. 2) 2-day Death cross 3) Broken market structure. 4) Double top bearish divergence (8-day chart below) 5) A significant majority of ideas on tradingivew are long. Is it possible price action rises further? Sure. Is it probable? No. A short from $340 is excellent. Target $40 Ww 8-day double top divergence
BINANCE:BNBUSDShort
by without_worries
61
Cryptocurrencies in a bullish marketGreetings, dear friends. I hope you are having a productive week. I am happy to assist you in ensuring that all previous analyses are attached to each corresponding analysis. This will provide a comprehensive overview and help you make well-informed decisions. Please do not hesitate to let me know if there is anything else I can do to assist you further. I want to share my market analysis ideas based on the Elliott Wave Principle with you. I am a fan of this principle and follow all the rules and guidelines for analyzing the market. However, please note that my ideas are based on my personal experience and may change over time. If there is an error in my analysis, I am open to re-analyzing it from the beginning and learning from my mistakes. It's important to understand that making an error in analysis is not a fault, but evading responsibility is. No one can analyze financial markets with 100% accuracy, but it's remarkable how close we can get. We analyze from multiple perspectives to consider all possibilities. Let's mention a few opinions and ideas! Based on mathematics. I am still practicing to understand the Elliott Wave Principle better and hope to provide an even better analysis in the future. Thank you for your continued support, and I look forward to our mutual success. Best regards, Mr. Nobody Keep trying and never give up. Good luck!
CAPITALCOM:BNBUSDLong
by mehdi47abbasi79
Troubled Binance takes a toll on BNBUSDThe recent turmoil engulfing Binance, the world's largest crypto exchange, has cast a shadow over its proprietary cryptocurrency, Binance Coin (BNBUSD). The upheaval was triggered by the unexpected resignation of Changpeng Zhao amid his confession to criminal wrongdoing (facilitating money laundering) and the announcement of a hefty fine for the exchange, amounting to $4.3 billion. These developments resulted in a nearly 20% drop in the value of BNBUSD (in a matter of less than a week). With RSI, Stochastic, and MACD all turning increasingly bearish on the daily time frame, the situation does not look like it will improve anytime soon. Therefore, to further bolster a bearish case, we would like to see the mentioned technicals continue to decline and BNBUSD break below Support 1; without any significant support below this level, we think there is a good chance for BNBUSD to drift toward $200 (after a breakout). Consequently, we will monitor the situation in the following days and update our thoughts on the asset once new developments arise. Illustration 1.01 Illustration 1.01 portrays the daily chart of MACD that is crossing below the midpoint, strengthening a bearish case going forward. Technical analysis gauge Daily time frame = Bearish Weekly time frame = Bearish *The gauge does not necessarily indicate where the market will head. Instead, it reflects the constellation of RSI, MACD, Stochastic, DM+-, ADX, and moving averages. Please feel free to express your ideas and thoughts in the comment section. DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for an individual investor to take any trade action. Therefore, your own due diligence is highly advised before entering a trade.
BINANCE:BNBUSDShort
by Tradersweekly
2
✴️ 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 AlanSantana
7
📈📊 #ChartPattern Alert! 📈📊 📈 Falling Wedge 📈📈 What is a Falling Wedge? The Falling Wedge is a bullish chart pattern characterized by two converging trendlines, with the lower trendline sloping upward more than the upper trendline. It typically signals a potential bullish reversal, with the price likely to break upward after the wedge pattern. 📈 How to Identify: Draw a trendline connecting at least two higher highs (upper trendline). Draw another trendline connecting at least two higher lows (lower trendline). 📈 What it Signals: The Falling Wedge suggests a potential bullish reversal, with buyers gaining strength as the price reaches higher lows within the wedge. It often forms during downtrends and can precede a significant price move to the upside. 📈 Trade Strategy: Consider buying when the price breaks above the upper trendline of the Falling Wedge. Set profit targets based on the pattern's height added to the breakout point. Implement a stop-loss to manage risk in case of a false breakout. Remember to validate your analysis with other technical indicators and conduct thorough research before making any trading decisions. Happy charting and trading! 📈💹
BINANCE:BNBUSD
by RaffDN
Binance Whale Accumulates 2800 BNB Amidst Money Laundering ProbeThe BNB crypto token is creating quite the bustle within the cryptocurrency universe following Binance’s recent money laundering probe. Simultaneously, a significant whale activity caught the eyes of crypto market enthusiasts as it accumulated notable amounts of BNB as of today, November 22. The whale accumulation of BNB comes after Binance’s settlement with the US Department of Justice (DoJ). Whale Accumulating BNB According to recent market data offered by Lookonchain, a platform offering on-chain metrics, following the settlement between Binance and the US DoJ, a whale, previously known for accumulating BNB, once again amassed significant amounts of BNB. As per the data, the whale accumulated 2,732 BNB, amounting to $646 thousand today, November 22. Furthermore, the same whale, accumulating BNB at price lows, stockpiled a total of 17,152 BNB at an average of $253 since May 10. The aforementioned on-chain metrics caught the eyes of crypto market enthusiasts primarily due to Binance’s ongoing money laundering saga. BNB, or the Binance coin, is a cryptocurrency jacked and backed up by Binance, one of the world’s leading cryptocurrency exchanges. As a result of the money laundering chronicle, the exchange’s credibility and reliability in handling significant amounts of cryptocurrencies has come under scrutiny. BNB Analysist As of writing, the BNB price witnessed a substantial downfall of 9.62% over the past twenty-four hours, reaching $234.07 today. Furthermore, the trading volume witnessed a significant jump of 58.68% over the past day. The BNB price crash seems to fall in line with Binance’s recent DoJ settlement, where Binance pleaded guilty and agreed to pay over $4 million to resolve the DoJ’s investigation into violations related to the Bank Secrecy Act (BSA), failure to register as a money transmitting business, and the International Emergency Economic Powers Act (IEEPA).
BINANCE:BNBUSDLong
by DEXWireNews
Combining technical analysis at BNBUSD There are a lot of technical analysis methods to use, my favorite method is to combine several technical analysis and look for the same point as strong support to buy and strong resistance to take profit. In this example, I use chart pattern, fibonacci ABCD pattern and classic support and resistance. Chart pattern channel up with medium line perform strongly, yesterday this medium line broke down and tried to reach channel up support. channel up support can be a good entry point with target at medium line or maximum target at channel up resistance Classic support and resistance Resistance become support or support become resistance also a strong technical analysis method. in this chart, we have 23 October resistance at $238.6, and now it has become new support. ABCD Fibonacci Pattern Fibonacci are the best pattern to combine with channel up, especially if we have symmetrical channel up. In many cases, 0.618 touch channel up support and 1.618 touch channel up resistance as bullish target. I am a naked trade analyst, so in every analysis I do not use technical indicators, but sometimes people used to combine technical indicator, ie. moving average, EMA, MacD, Bollinger band, and many others. As long as it is accurate and profitable, use it. Let me know in comment below what kind of combination you like most.
BINANCE:BNBUSD
by AzrulAzir
Where next for Binance?On November 21, the price of BNB surged to a five-month high of $274. The intraday surge in BNB, however, was swiftly undone when more details on the DOJ's settlement with Binance became available. Changpeng Zhao (CZ), the CEO of Binance, will enter a guilty plea on charges of breaking criminal anti-money laundering regulations. In addition, #binance will admit admission to a criminal offense pertaining to transgressions against money laundering, which will carry a hefty fine. In addition, it is anticipated that CZ will relinquish his position as CEO, with Richard Teng being a possible replacement. Given the continuing legal disputes involving the cryptocurrency #xrp between the US Securities and Exchange Commission (SEC) and Ripple Labs, this settlement may be viewed as a triumph for regulators. If these cases are successful, values may rise and there may be an increase in trust in the crypto industry as a whole. The news has been priced into the crypto market, leading to extreme volatility in Bitcoin and other altcoins.
BINANCE:BNBUSD
by JinDao_Tai
High Chance We See BNB/Binance Collapse before Year End.Factors listed below Binance losing card deposits / bank transfers has cut the entire liquidity off that binance was using to "market" to new people Binance: Hot Wallet 20 10,977,123.66058318 BNB 45.43435845% Binance: SAFU Wallet 1,364,102.15161748 BNB 5.64602423% The rest of the holders of "BNB" are 400+ accounts holding very similar amounts under the 0.2% mark telling me the majority holder of BNB is Binance itself. There is very very little retail / institutional holding of BNB Why is this important? Binace has used almost all their reserves to buy and hold up the BNB token that's used to earn yield on their platform. This means they have run down the reserves + no retail on ramps meaning no new funding for their company + no trading fee's. Their trading volume is also completely fake few major accounts are wash trading I suspect this is Binance themselves meaning again they aren't making any revenue for fee's its all a cover to make out like they're functioning. Coinbase has surpassed them in AUM by about 3-4x in the last Q. Binance has only one option to raise funding and that is to sell BNB now what happens when there's absolutely no real buyers of BNB? the price will completely collapse.
CRYPTO:BNBUSDShort
by FederalXBT
7