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(XVS)VENUS 61.8 RETRACE☑️ WHAT NEXT?In our last Venus analysis, we talked about how price could drop all the way down to the 61.8% fib support level as shown below Now that we have reached that level, the question is what happens next? In addition to the Uptrend channel we constructed last time, price managed to sneak in a downtrend channel as well which went unnoticed in our previous analysis. A safe entry would be to wait for price to break the downtrend channel back into the uptrend channel and make a retest before buying, or to wait for a 2nd test of support of the downtrend channel ifyou havent gotten in already. We also added an update to our original analysis citing that we could bottom at the 123.6 fib region with the 161.8 being the worst case scenario as shown below Have your stops below the 161.8 region and HODL First target- Previous ATH 2nd Target- 1.382 fib resistance 3rd Target- .1.618 fib resistance If you agree pls leave a like and share your thoughts in the comments as well Always manage your risks.
Long
by RektMyMom
2
BNB Analysis for February 06th - Needs to breakout around $476On the weekly BNB continues it's downtrend. The daily chart looks good but zoom out to the weekly and we see that BNB clearly needs to break out of its resistance to have a chance at a full breakout. It did meet the $401 mark from February 4th when Bulls were buying lower at $350. If the downtrend continue bulls will start buying at $320 and lower instead of $350. However I have hope for this since I believe the price of bitcoin will continue its trend upward. It still seems that the bulls are trading on rallies. We will have to wait for a breakout around $476 to say that BNB is looking to make a full breakout. I am thinking about getting ready for Spring and having good thoughts about this one. As you all know Hex Coin is an ERC 20 token. Why did I pull that one out of my ass? Because now you get a chance to get into a new token with daily auctions launching on Binance Smart Chain called Rex Token. With this token if you go back to June 21, 2021 you will see that the first launch of Rex made the price of BNB sky rocket to all time highs. The astonishing counterpart to Rex Token is TREX and with the first launch this was too powerful and caused too much inflation. Now with the relaunch of Rex Token I truly believe we will see BNB along with Ethereum, Hex Coin and Bitcoin move to the uptrend. There are so many projects out there how can you trust any of the farms and Daos? They all seem to lose money with the LP tokens. The majority do anyway. With Rex Token that is not an issue. With the BNB pool you can't go wrong either. I have high hopes for BNB and Binance Smart Chain.
by SolanaMemeCoins
$BNB/USD 2D (Binance Coin-Futures) Ascending triangle on supportBinance Coin is accumulating and holding above 100EMA for months now, it's likely to make new All Time High next year, let's swing! Risk/Reward= 1:2.5 | 1:3.61 | 1:5.83 Expected Profit= +60.52% | +128.76% | +247.49% Possible Loss= -24.26% Fib. Retracement= 1.117 | 1.414 | 1.764 Margin Leverage= 1x Estimated Gain-time= 5 months www.binance.com ⚡️⚡️ #BNB/USD ⚡️⚡️ Exchanges: Binance Coin-Futures, BitMEX Signal Type: Regular (Long) Leverage: Isolated (1.0X) Current Price: 525.800 Entry Zone: 527.931 - 464.347 Take-Profit Targets: 1) 796.4 2) 1134.96 3) 1724.05 Stop Targets: 1) 375.79
BINANCE:BNBUSD.PLong
by TradingOn
Binance and Animoca Metaverse Binance Smart Chain has launched a $200 million investment program with Animoca Brands, the company driving digital property rights via NFTs and gaming to build the open metaverse. But what crypto is Animoca`s metaverse? “Animoca Brands’ investment into Epik is part of an ongoing and powerful synergistic partnership,” said Animoca Brands co-founder and chairman Yat Siu. “Together we are stronger. We look forward to expanding our presence in brand licensing, gaming, and metaverse ecosystems.” EPIK Prime Token Will Drive Development and Advancement of Cross-Chain Gaming Projects and Protocols around NFTs and Brand Licensing for Metaverse Digital Merchandise. EPIK Prime is backed by Animoca Brands. Animoca Brands is a leader in the field of digital entertainment, specializing in blockchain, gamification, and artificial intelligence technologies to develop and publish a broad portfolio of mobile products including games such as The Sandbox, Crazy Kings, and Crazy Defense Heroes as well as products utilizing popular intellectual properties such as Formula 1, Marvel, Garfield, Snoopy, Thomas & Friends, Power Rangers, MotoGP, and Doraemon. Animoca Brands' portfolio of blockchain investments and partnerships includes Lucid Sight, Dapper Labs (creators of CryptoKitties), WAX, Harmony, and Decentraland. Animoca Brands was recently valued at over one billion USD! EPIK Prime produces the world's premium digital items. They work with: 250+ Game Companies 50%+ Top Games in the World 1000+ Brands 1B+ Gaming Userbase Their team comes from Nintendo , Tetris, IBM , and Pokémon. Brand clients: Universal, Warner Music Group, TENCENT Games, SONY Music, CAPCOM, Bandai Namco, SNK , Valiant, Hustler, Funimation, Head, Zenescope, DMG entertainment, Ultraman, World of Dance, Head and others!
Long
by TopgOptions
8