BNB looks very interesting here, it's at a very crucial resistance. If we manage to break both of the resistances as shown in the chart it might do well.
Fundamentals first. Binance Exchange is losing customers; that is a fact that everyone knows. The huge scandal occurred just before Christmas, but it looks like people have already forgotten what happened.
What is causing Binance Exchange to lose customers? First of all, Binance Exchange itself is banning users all around the world for no reason. My friend got...
Hello, I hope you have been profitable and are doing well.
I checked the structure of the Binance Coin symbol and realized that the degree of correction is very large and can even last until the end of 2024.
What is clear to me is that we are now in wave D of this diametric. This wave is a diametric intermediate wave. It seems that we should have a correction for...
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RSI dropped into bearish zone (4H, 1H and 30m TFs)
The price was fixed at 50 EMA (1H TF)
TD Sequential formed a reversal signal down (30m TF)
I expect the correction to continue.
We're on the last leg down of the (E) wave. BNB is the coin of choice especially during bear markets and start of bull markets. More trading, more BNB staked to lower fees, more BNB bought. And it shows! I expect BNB to kiss the $300 level goodbye soon.
Well we're movin' on up
(Movin' on up)
To the east side
(Come on, movin' on up)
To a deluxe apartment in the...
*logarithmic scale*
Binance Coin broke the uptrendline, formed Head and Shoulders 🤷 pattern and price just broke the Neckline recently. I think there is chance for drop to 166 (logarithmic scale target) and even to 116 (regular scale target - see below).
Setting SELL LIMIT order to neckline level to catch🎣 the potential pullback.
ENTRY : neckline @ 255
...
#BNB/USDT Technical Update:-
$BNB currently trading around $248 and went down to $220
Which is -32% from our Analysis.
Hope you are happy.
Now I am expecting Still BNB is bearish and It can hit below $100
Which will be best entry zones.
Support:- $210/$80
Resistance:- $360
Please Like and Appreciate.
✅ BNB is trading near the resistance area.
Volatility has decreased.
I expect a reversal and a decline. ✅
🚀 SELL scenario: short to 289.9 . 🚀
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BNB/USDT :::
The price follows a slow upward trend and is currently reacting to the middle line of the channel, and if it can break the red resistance line, it will easily continue its path to the top of the channel .
<<<< The_Best_Trader_1991 >>>>
EQ might be worked as a support level .
The bottom of the red box, liquidity zone and around 357.03 will be the points I will observe as resistance.
With the loss of 311.77 (1H) , the first bounce of the price will be around 305.21 .
The CryptoCompare noted in their yearly report on the crypto market trends for the year 2022, that Binance exchange gained the highest share of the exchangers market, increasing it by 16,3% y/y. It has been noted that this comes due to higher exception of the crypto currencies in emerging markets. However, it should also be taken into account that few exchangers...
#BNB is on the Verge of Massive Breakout..!!
Bullish Pennant Formation in the Weekly TF Chart.
So far Looks Pretty Bullish, Expecting Breakout Soon.
+450-500% Profit Potential in the Midterm.. ✍️
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This week I predict another selloff in the stock and crypto market after the CPI report on January 12.
My price targets for Binance Coin BNB are:
BNB/USDT short
Entry Range: $270 - 280
Price Target 1: $255
Price Target 2: $239
Price Target 3: $219
Stop Loss: $298
✅ BNB broke through upward resistance and consolidated above the level.
I expect a retest of the support area and further growth.✅
🚀 BUY scenario: long to 285.3.🚀
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Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments
