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BNB Perpetual Futures Contract

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BNBUSD.P trade ideas

BNBUSD can see a big upside if it breaks out of this rangeThe Binance Coin is trading in range, a wide belt that is holding since mid May and has broken only twice. Besides that, we see a Channel Up since June 18. Perhaps the strongest formation right now it the repetition based on the RSI of the August/September price action. If extended, this can break above the range and within 380 - 400, which will make a Higher High on the Channel Up. Please like, follow and comment!!
BINANCE:BNBUSDLong
by TradingBrokersView
1
Binance Coin: price correctionTwo weeks ago BNB gained significantly from the news that Binance exchanger might be a new owner of the bankrupt crypto lender, Voyager Digital. After pushing the price to the level of $320, the market reverted a bit to the downside, and minimum weekly level at $280. Still, BNB is ending the week above $290. It is evident from charts that even with significantly decreased daily trading volumes, buying orders were prevalent on the market, defending the price to move back to the lower grounds. RSI started the previous week around level of 57, however, it is finishing the week at level of 50. This shows that the market is still not ready to move the price to the overbought side. MA50 is moving away from its MA200 counterpart, suggesting that the golden cross, formed at the beginning of November, might finally start to reveal itself in prices of the coin. During the previous week, short term price correction was expected. Due to decreased market strength, the price went down to the level of $280. Charts are showing that the price might go even lower, from that level, at last till $260. At this moment the support line at $250 is little probable. On the opposite side, resistance at $300 might be tested for one more time.
BINANCE:BNBUSD
by XBTFX
Binance Coin: how far is $400?There is a huge possibility that crypto exchanger Binance will be a new owner of the bankrupt crypto lender Voyager Digital. This comes after the failed takeover of the company by FTX, who also filed for bankruptcy. At the same time the CEO of Binance announced that the company formed a fund of $1B with the aim to support troubled crypto companies during the crypto winter. So, further acquisitions on the market seem quite possible. This was the major news on the market during the previous week, which supported BNB to increase its market cap by $6B and move its price to the level above the $300 resistance line. BNB started the previous week at a $250 support line, however, during the whole week the price was in green territory. Positive news pushed the coin to higher grounds, ending the week by testing the $300 resistance line. From this point, the question is how far is the price of $400? RSI was also reflecting a positive investor mood, moving from 36 up to 58. This shows that the market is currently eyeing the overbought side. Moving averages of 50 and 200 days still continue to move as two parallel lines after making a golden cross at the beginning of November. The price of BNB was strongly supported by the positive news from Binance. It might be expected to be so in the coming period. The moment to watch would be a final announcement from the company that it actually took over Voyager Digital. It will be a significant booster to the price of BNB, where it might go as high as $400. However, at this moment, more realistic would be a $350 short resistance line. BNB will start a week ahead by testing a $300 support line. In case of a short reversal, the price might go down to the level of $280. On the opposite side, there is an equal probability that the price might reach the highest level around $330.
BINANCE:BNBUSD
by XBTFX
Binance Coin: what a chart !First look at BNB`s daily chart might give a scary impression. At first sight it is clear that something was going on with this coin. And it was, as announcements of potential acquisition of FTX had a strong impact on BNB`s price, after which, giving up on the deal was a huge driver of the price to the downside in line with FTX`s collapse. However, in relation to other major coins, it could be noted that BNB is holding quite well during this general market downturn. During the previous week the price of BNB went from $290 down to $263. The support line at $250 has not been tested. It seems like the market is just not ready to break the $260 level. RSI made quite shy moves between levels of 43 and 39. It shows that the market is still not ready to choose the trading side. As for moving averages of 50 and 200 days, it is still not clear if the golden cross might be fully confirmed as two lines continue to move as two parallel lines, after creating a cross two weeks ago. Markets continue to digest all the potential risks around FTX collapse. In this sense, fundamental news would lead the game on the market also during the week ahead. In case there is more negative news, the price of BNB might go down to $250 support line. Still, in case there are no such events, the price should try to test $300 resistance in the coming days.
BINANCE:BNBUSD
by XBTFX
BNB: Too big to fail?Bearish retest of the 21W EMA with a bearish engulfing weekly candle + inside candle suggests more downside is coming for BNB. The scary part about BNB is… there’s literally no volume recorded on BNB until into the $40’s. First stop is the 200W MA and VAH at $187 On BNB/BTC there is a weekly shooting star + bearish continuation + monthly gravestone doji in the making. All indications that if BTC starts making new yearly lows again, BNB is going to get smashed.
BINANCE:BNBUSDShort
by CrashWhen
OKX Token is a better buy than BNB, KCS and CRO !We've been seeing a lot of pain in the market lately, which is of course fueled by the FTX bankruptcy and the aftermath it is having on the crypto world. The native tokens of exchanges in particular have taken big hits. We wanted to take this opportunity to compare the tokens of 4 major exchanges and how they are performing with a focus on the recent price action. * The Binance Coin (BNBUSD) has been trading within an Ascending Triangle since August 10, with the price falling and staying below both the 1D MA50 (blue trend-line) and 1D MA200 (orange trend-line) since the FTX crash. * The KuCoin Token (KCSUSDT) has been trading within a Bearish Megaphone since July 04, with the price crashing hard and staying below the 1D MA50 (hasn't been above the 1D MA200 since April) since the FTX crash. * The Cryptocom Coin (CROUSDT) has been trading within a Falling Wedge since June 19, with the price crashing hard and staying below the 1D MA50 (hasn't been above the 1D MA200 since April) since the FTX crash. * On the other hand, the OKX Token ( OKBUSDT ) has been trading within a Rising Wedge (which is a bullish pattern) since June 19, with the price breaking above the 1D MA50 and 1D MA200 before the FTX crash while, more importantly holding both of the as Supports after the crash. Technically, the momentum is in favor of OKX and is our investment choice on the long-term among exchange tokens. The current price action in particular, being supported near the 1D MA50, makes it an attractive opportunity even for short-term traders that are looking for the Rising Wedge's next Higher High around $25.000. ------------------------------------------------------------------------------- ** Please LIKE 👍, SUBSCRIBE ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support me, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- You may also TELL ME 🙋‍♀️🙋‍♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁 ------------------------------------------------------------------------------- 👇 👇 👇 👇 👇 👇 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
BINANCE:BNBUSD
by TradingShot
3