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BNB/USDT 4HInterval resistance and supportHello everyone, let's look at the BNB to USDT chart on a 4-hour timeframe. As you can see, the price is staying above the local uptrend line. Let's start with the support line and as you can see the first support in the near future is $244.8, if the support is broken then the next support is $241.5, $238.9, $236.3 and $232.6. Now let's move on to the resistance line, as you can see the first resistance is $246.9, if you manage to break it, the next resistance will be $250.7, $256.4 and $263.2. Looking at the CHOP indicator, we see that most of the energy has been used, the MACD indicates staying in a local uptrend, while the RSI is moving in the upper part of the range, which may indicate a local sideways trend or a small rebound.
by cryptodailyuk
Binance Coin BNB - Going Bull - Last CrashBinance Coin doesn't seem to show the same Bearish patterns as the rest of the Cryptocurrencies. It appears that it's one step behind on the Bearish Stance. But can start flying now? YES! It met all the necessary requirements. However, if another last bear leg comes, it might as well catch up and reach the Demand Zone in a fast manner. I'm saying that because when this "thing" drops, it does massive candles. So, I'm taking my time with BNB . An awesome level would be $80 , a dream come true for every HODLer out there. Let me tell you why! Binance Coin ( BNB , BNBUSD , BNBUSDT , BNBBUSD ) Technical Analysis: * Elliott Wave Impulse: SuperCycle (a) (turquoise) * A-B-C Zig-Zag Correction: Cycle Degree (a-b-c (red)) * 88.6% Fibonacci Retracement * Harmonic Pattern: Bullish Bat * Bullish Divergence If that last bear comes, I will add some more to my portfolio. Moon was just a dream, Mars is a desire. The real destination: Interstellar. Stay strong my fellow HODLer. Richard, the Wave Jedi.
BLong
by Lionheart-EWA
2
✴️ Binance Coin Likely To RecoverBinance Coin is in the TOP10 and we can use it to gauge the strength of the market. If BNB recovers, the rest is set to recover. What one does, the rest follows. Since Binance is the one receiving the strongest attack, we will call it karma and leave it at that, if it can recover then the easier it is for the rest to recover. As others are being attacked but not as strong. We have a double bottom here, June 2023 vs December 2022, technically. The June low is actually a few cents higher while the RSI went to oversold; a hidden bullish divergence. Yes they are under attack, but an attack is not the end of the world. Look at BitMEX for example, it was attacked but it survived. They might have to wind down, maybe even stop some of their scam schemes... who knows, but an attack is not the end of the world. Cryptocurrency is about freedom and decentralization. The market can become too centralized at times. Whatever is happening is bound to turn into a positive in the long-run. Binance, you reap what you sow. Good luck with your battle. You will survive, that's for sure. Namaste.
BINANCE:BNBUSDLong
by AlanSantana
FXSUSDT → Breakthrough resistance opens up new targets BINANCE:FXSUSDT is showing great momentum after a false break of support at 4.841 (touching wedge support). The coin strengthens by 27% and breaks consolidation resistance. The bulls are trying to take control of the situation. A retest of strong resistance 5.866 is forming and is currently sandwiched in a local range between the previously broken wedge boundary and between resistance 5.866. Against the backdrop of strengthening BINANCE:BTCUSD , BINANCE:FXSUSDT price is also growing and currently stands at 5.750. SMA50 was also broken earlier. The main goal for the buyers is to consolidate above the wedge or above the level of 5.866 after its breakout. After that, we are likely to see a strengthening towards 6.960 and even to 8.800. Support levels: the previously broken wedge boundary, MA-50, 4.841 Resistance levels: 5.866, 6.959 I expect that the bulls will be able to hold their positions. If it succeeds, the coin will start to rise to 6.959 Regards R.Linda!
Long
by RLinda
10
BNB - testing a strong historical levelHello trader Today I have prepared a new idea for you. Like and subscribe to the channel there is a lot of useful information✅ BNB - testing a strong historical level! Guys, this is not financial advice, I'm just sharing my thoughts and what I saw on the chart. Everyone must decide for himself whether to enter from this zone or not. Recall the recent FUD related to Binance and CZ. At that time, the BNB coin lost about 30% in value, like many other altcoins. Due to this, the price returned to a strong historical level of $220-225. If we look at the chart from the technical point of view, then rebounds of several tens and hundreds of percent have always been observed from this support level. Can we see the same buyer reaction now? From a technical standpoint, I think yes, there is a chance to see a rebound to the last $300-$315 support level. Also a recent tweet by CZ, most likely he writes about the SEC, and will soon begin to endure his offenders But! Friends, while the story with binance and CZ continues, you need to be prepared for another possible pressure on the market. So be as careful as possible. I just assumed what might happen in the future with BNB, and it's up to you to decide whether to enter or not.
Long
by DanilBlinkov
1
BTC, BNB: 🐻 ADA: ☀️ ETH: 🌧️🌧️? The global crypto market faces cloudy conditions over the coming 24 hours, signaling a slightly bearish market with downside risk for Binance Coin and Bitcoin after the Fed hinted at further rate hikes and the ongoing lawsuits from the US regulator weigh on the crypto universe. Trading signals for Ether indicate rain ☔️, meaning that a market rebound is likely over the one-day horizon. Over a one-week horizon, sunnier conditions ☀️ lie ahead for Bitcoin, Binance, and Cardano where a slightly bullish market with upside potential is seen. Ether and XRP face less favorable weather, with clouds ☁️ and rain ☔️ ahead, signaling a slightly bearish market with downside risk. Follow us for more insights!
by ATTMO
Binance Coin | A dormant Whale Sold 10,000 BNB tokens !If you haven`t sold BNB at the resistance, here: Then in my opinion Binance Coin (BNB) faces significant challenges that could potentially impact its price negatively. The first factor is the ongoing investigation by the U.S. Securities and Exchange Commission (SEC) into Binance and its CEO Changpeng "CZ" Zhao. Regulatory scrutiny can create uncertainty and potentially lead to a decline in investor confidence, affecting the price of BNB. Furthermore, After remaining inactive for a period of two years, a significant whale recently sold 10,000 BNB tokens at a price of $230, amounting to $2.3 million. What's interesting is that this particular whale was previously involved in the SAFEMOON cryptocurrency and managed to generate a substantial profit of 110,000 BNB tokens, equivalent to $47.5 million at that time, with an initial investment of just 10 BNB tokens, valued at $2,400 back then. Based on the information above, with the SEC investigation and the selling pressure from whales, a price target of $220 is reasonable, in my opinion. Looking forward to read your opinion about it!
Short
by TopgOptions
1
Binance selling BTC Bitcoin to prevent BNB selloff ?!?In my opinion, Bitcoin faces multiple factors that could potentially lead to a decline in its price. Firstly, the presence of a head and shoulders chart pattern is often seen as a bearish indicator, signaling a potential trend reversal. This pattern suggests that Bitcoin's price could experience a downward move. Adding to the bearish sentiment is the speculation surrounding Binance's potential selling of Bitcoin to prevent a selloff in its BNB token. Tweets from popular traders on Twitter, highlighting short-term price correlations between Bitcoin sell-offs and BNB purchases, went viral. The tweets suggested that BNB was being sold off for BUSD to suppress volatility in Bitcoin and that Bitcoin was being swapped out for USDT to suppress downside volatility. The circulation of such tweets, viewed by millions of users, can influence market sentiment and potentially lead to selling pressure on Bitcoin. The notion that BNB purchases are capping the upside potential of Bitcoin raises concerns about the sustainability of Bitcoin's price movements. While Binance CEO Changpeng "CZ" Zhao dispelled rumors of selling Bitcoin to support BNB, the impact of these speculations and Twitter discussions cannot be completely ignored. The uncertainty created by conflicting statements can contribute to market volatility and potentially affect Bitcoin's price. Based on these factors, my bearish outlook for Bitcoin includes a price target of $23,000, which represents a significant decline from current levels. Looking forward to read your opinion about it!
Short
by TopgOptions
BinanceUS suspends U.S. dollar depositsIf you haven`t sold BNB here: Then you should know that BinanceUS, a part of the biggest crypto exchange Binance, has made an announcement regarding changes in its operations. Going forward, the exchange will cease accepting U.S. dollar deposits, and customers will soon no longer have the option to withdraw dollars from the platform. This decision follows a lawsuit filed by the U.S. Securities and Exchange Commission (SEC) against Binance, its CEO Changpeng Zhao, and the operator of its U.S. exchange. The SEC alleges various misconduct, including artificially inflating trading volumes, misusing customer funds, failing to enforce restrictions on U.S. customers, and providing misleading information about market surveillance controls. I think BNB will test the $220 support. Looking forward to read your opinion about it.
Short
by TopgOptions
3
Bitcoin - volatility expected! Attention!Hello trader Today I have prepared a new idea for you. Like and subscribe to the channel there is a lot of useful information✅ Get ready, market volatility is expected today! Friends, today is the most fundamental day, we may see increased volatility in the stock and cryptocurrency markets, be careful if you are in a position with a large leverage. ▫️Fed rate - 21:00 Moscow time ▫️Fed press conference - 21:30 Moscow time. Most analysts say that the Fed at today's meeting may take a break from raising interest rates. For now, everything looks logical to take a break because inflation is declining and is already at 4%, which means that the tightening is working and after a certain period of time (after a pause) the Fed will return and start raising the key rate again until inflation reaches 2%. Cancellation is positive? I think yes for a while, but you should still expect volatility in both directions by several hundred points in BTC.
Long
by DanilBlinkov
BNB/USDT Is this the end of the current correction?Hello everyone, I invite you to review the BNB chart in pair to USDT, taking into account the one-day interval. As we can see, the price has broken out of the uptrend line. We also see that we moved the EMA Cross 200 for a while, however, after breaking this strong support, we received a strong drop in price, down to a very strong 0.786 Fib support at $222.8. Should the current support fail to hold the price, we will be able to see the price drop further around the $184.6 support. Looking the other way, we can similarly identify the resistance points that the price has to face. And here we can see that we have now hit the first resistance at $248.8 which for now bnb has no strength to break through then we have the second resistance at $288.6 the next resistance at $322.1 then the fourth resistance very strong resistance at $354.3. The CHOP index indicates that the energy has been used up and is slowly increasing, the MACD indicates a continuation of the downtrend, but with a visible flattening after the last decline, while the RSI recorded a strong rebound that definitely broke the lower limit of the range and now we see a return to this limit and a large scope for future price increases.
by cryptodailyuk
2
BNBUSD Is there any salvation for the Binance Coin?The Binance Coin / BNBUSD had a week of enormous selling pressure last week, touching on Monday Support A (220.00), that was formed on the December 17th Low. This is a strong long term buy opportunity. Target initially Resistance A at 318.00 and by the end of August Resistance B at 350.00. As shown, the primary pattern is a Rectangle. If the price closes under Support A, target Support B at 194.00 on the short term. However given how emormously oversold the 1day RSI got (at 15.00) on Monday, this is unlikely. Still that would be an ever better long term buy opportunity. Follow us, like the idea and leave a comment below!!
CRYPTO:BNBUSDLong
by TheCryptagon
4
TRADE OF THE DAY | BNB our faith is with you CZ poss. 11%TRADE OF THE DAY | BNB our faith is with you CZ poss. 11% EXTREMELY VOLATILE TIMES - possibly some of the most for Crypto to date. There is a full week of FED announcements, the Binance Case (Freezing of assets now no longer looking like its happening), Hinman E-Mails. Although our faith is very much with Binance on this one - we have a bullish signal, along with a bullish divergence coming in from an oversold position on the RVI. There is a strong trendline breakout. It is is also looking like it could be setting up a new range between 301.14 and 220.75. Along with the bullish untested Weekly Pivot.
Long
by Kryptochristian
4
The Big Danger Awaiting BNBBNB, which had an order block of around $265, was rejected by this block about 5 times and then stood at around $210. In the scenario where this block is rejected, $350 can be seen again, but I think this scenario is risky as I heard from various sources that Binance is an attempt to hold BNB by selling Bitcoin. In the scenario where $210 support is broken, BNB will face the downtrend that it broke before. There is a possibility of a return from here, but if this does not hold, the $210 - $43 gap becomes extraordinarily dangerous.
by YavuzAkbay
BNB will Continue To Fall To $180 from $345BNB buyers did a good job recovery from last year 2022 Nov dump to 180 up to the HKEX:345 resitance zone. The.only issue here is that after multiple attpemts to break this price range it Signals failure which is a strong sign of weakness and lack of interest in buyers as each thrust lacked a follow through. How ever The Month of May- June doesn't look too promising for buyers if the current sellers continue to grow then the bulls dream to 430 resistance will be destroyed Before any more attempt if the current Monthly candle remains unchanged or continue to turn more Bearish. This shows that soon the bear pattern developing according to the MT Pandora's box above a bear hit could push price further down to 316 to 180 zone if the selloff continue to increase. There will be mini-pull ups along the dump . Our swing Short Plan on BNB Remains: 📈 FUTURES TRADE SIGNAL 📈 👉 ASSET: CRYPTOCAP:BNB (BNB/USDT) 👉 ACTION: SHORT 👉 1st ENTRY PRICE:  HKEX:333 2nd ENTRY PRICE : HKEX:330 3rd Entry : $329.4 👉 STOP LOSS: HKEX:345 👉 1st TAKE PROFIT: HKEX:316 2nd TP: HKEX:299   3rd TP; HKEX:269 , 4th TP : 190 worst 56 by 2024. 👉Disclaimer: This signal is for informational purposes only and does not constitute financial advice. Crypto trading carries risk, and past performance is not a guarantee of future results. The user assumes full responsibility for any profits or losses incurred, and the signal provider is not liable for any investment decisions made based on this signal.🥰 Always come back to check on this post as we are going to keep updating this post with more entries opportunities. Kindly Like🥰 and Follow us if you enjoyed this free post.
Short
by MachiavelliTrader
2
SEC Lawsuits Against Binance and Coinbase: Unraveling Conflicts Hi Traders, Investors and Speculators of Charts📈📉 In recent developments that have rocked the cryptocurrency industry, the U.S. Securities and Exchange Commission (SEC) has filed lawsuits against major cryptocurrency exchanges Binance and Coinbase. These legal actions stem from alleged violations related to registration requirements and investor protection. Additionally, a potential conflict of interest has emerged, as former Binance job applicant Garry Gensler now serves as the head of the SEC. This write-up aims to shed light on the sequence of events, the accusations faced by both exchanges, and the implications for the crypto market. A - Binance Faces SEC Charges The SEC filed a lawsuit against Binance, one of the world's largest cryptocurrency exchanges, and its CEO Changpeng Zhao (CZ), accusing them of violating U.S. securities laws. The charges revolve around Binance offering and selling cryptocurrency derivatives to U.S. investors without being registered as a securities exchange. B - Coinbase Sued by the SEC The SEC also sued Coinbase, a prominent U.S.-based cryptocurrency exchange, alleging that it failed to properly register its planned lending product, Coinbase Lend. The SEC argues that the lending product qualifies as a security, and Coinbase should have registered it accordingly. However, Coinbase has filed a counter lawsuit aiming to prove how many times they have tried to reach out to the SEC for clarity. C - Conflict of Interest: Gensler's Connection to Binance Prior to joining the SEC, Garry Gensler reportedly applied for a job at Binance but was rejected. Soon after, he assumed his role as the chairman of the SEC. This situation has raised concerns about potential conflicts of interest, as Gensler now oversees the regulatory actions against Binance. The SEC are basing their entire case of a few key factos: ❗ Securities laws mandate that companies offering securities or related products to the public must register with relevant regulatory authorities. Failure to do so can result in legal action. ❗ Investor Protection: Regulatory bodies aim to safeguard investors' interests by ensuring transparency, disclosure of information, and adherence to applicable regulations. ❗Cryptocurrency Derivatives are still derivatives: Financial contracts whose value is derived from an underlying cryptocurrency, such as futures contracts or options. ❗Cryptos are Securities: Financial instruments, including stocks, bonds, or investment contracts, that represent ownership or participation in a company or enterprise. Implications for the Crypto Market The SEC's actions against Binance, Coinbase and Ripple signal increased regulatory scrutiny in the cryptocurrency space, highlighting the need for compliance with existing securities laws. However, it also points out how flawed the current system is as Garry Gensler basically has autonomy over decisions that may be conflict of interest. His actions are affecting the entire crypto space as well as stifling innovation since the SEC has been so negligent to work with the blockchain community for solutions. Not even to mention the shorts that were opened on both Binance and Coinbase just before the lawsuit news dropped, picked up by on-chain analysis as seen all over Twitter. This confirms and reiterates that politicians and other people in power have insider information on stocks, as was last seen with the Nancy Pelosi case. 💭Although this seems like an attack on blockchain, all of the above proves how desperately the world needs a new system that is unbiased, transparent and fair. With regulators desperately grabbing for strands of power in any way possible, it actually just strengthens the argument for blockchain and a cryptocurrency-based future. And finally, from a trading perspective, these are some decent discounts, hence I'm labeling this post as long. I'll be bagging up because this is a steal for both Coinbase stock and BNBUSDT. _______________________ 📢Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎Hit like & Follow 👍 We appreciate your support ! CryptoCheck ________________________________ Sauces: Reuters: "SEC sues Coinbase over failure to register" The New York Times: "SEC sues Binance over securities violations" CNBC: "SEC sues Binance and CEO Changpeng Zhao" Coin Telegraph: "SEC Gensler parallels Binance, FTX sued" BBC: "US regulator sues Coinbase over interest-earning product" CryptoSlate: "Coinbase seeks to withdraw staked ETH amid SEC lawsuit" YouTube: "SEC sues Binance and Coinbase" The Wall Street Journal: "SEC sues Binance and Coinbase: What the charges mean for crypto" NASDAQ:COIN BINANCE:BNBUSDT BINANCE:XRPUSDT PANCAKESWAP:NUTUSDT_9D4097 CRYPTOCAP:BNB
NASDAQ:COINLong
by CryptoCheck-
39
BNB/USDT 4HInterval Targets and StoplossHello everyone, let's look at the BNB to USDT chart on a 4-hour time frame. As you can see, the price is moving above the local downtrend line. Let's start by setting goals for the near future that we can take into account: T1 = $240.7 T2 = $244.5 T3 = $247 T4 = $251 AND T5 = $255.5 Now let's move on to the stop loss in case the market goes down further: SL1 = $231.8 SL2 = $221.9 SL3 = $214.3 AND SL4 = $206.3 Looking at the CHOP indicator, we see that there is still energy to continue the move, MACD indicates a local uptrend, while the RSI has been moving below the lower border for a long time and now we are approaching the middle of the range with room for further growth.
by cryptodailyuk
BNB: Oversold at SupportBinance (BNB) technical analysis: Trade setup: Bearish breakout from Rising Wedge pattern and below 200-day moving average (~$300) signaled bearish trend reversal to downtrend. It is however quickly approaching $220 support area and is very oversold (RSI ~ 20), thus price could bounce up near-term. It’s a higher risk swing trade setup since overall trend is down. Patterns : Rising Wedge It usually forms after an uptrend and suggests a potential bearish reversal in the original uptrend. When price breaks the lower trend line the price is expected to trend lower. Emerging patterns (before a breakout occurs) can be traded by swing traders between the convergence lines; however, most traders should wait for a completed pattern with a breakout. Trend : Downtrend across all time horizons (Short- Medium- and Long-Term). Momentum is Bearish but extremely oversold. (MACD Line below MACD Signal Line). RSI is Bearish (< 45) but extremely oversold (< 20), which could imply that price could briefly stabilize or bounce if it reaches Support. Support and Resistance :Nearest Support Zone is $220. The nearest Resistance Zone is $260 (previous support), then $300.
Long
by altFINS