#binancetrader

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BINANCE ANALYSIS BNB/USDT Binance Coin (BNB) turned down from the overhead resistance at $433 on Aug. 17 but the bulls did not allow the price to break below the 20-day EMA ($384). A strong rebound off the 20-day EMA has pushed the price above the stiff resistance at $433. If bulls sustain the price above $433, the BNB/USDT pair could start its northward march toward $520 and then to $600. The rising moving averages and the RSI in the overbought territory indicate that the path of least resistance is to the upside. This bullish view will be negated if the price turns down and breaks below the 20-day EMA. That could result in a decline to $340. Let's keep pumping the market guys Guys Stay Bullish, Stay Humble, Stay Put #binancefutures #binancesmartchain #binanceexchange #binancetrader #binancesignals #binancetrading #binance #binancecoin #binanceview https://www.instagram.com/p/CS16NbsseVK/?utm_medium=tumblr

BINANCE ANALYSIS BNB/USDT After staying close to the 20-day EMA ($307) for the past few days, Binance Coin (BNB) is witnessing renewed selling pressure today. The altcoin could now drop to the $276.40 to $264.26 support zone. The RSI has slipped into the negative zone, indicating that the momentum has turned bearish. If bears sink the price below the support zone, the BNB/USDT pair could drop to the critical support at $211.70. Contrary to this assumption, if the price rebounds off the $276.40 to $264.26 support zone, the bulls will again try to push the price above the 50-day SMA ($327). If they manage to do that, it will be the first sign of a possible change in trend. Let's keep pumping the market guys Guys Stay Bullish, Stay Humble, Stay Put #binancefutures #binanceexchange #binanceexchange #binancetrader #binancesignals #binanceisglobal #binancetrading https://www.instagram.com/p/CRiTIZms7yt/?utm_medium=tumblr

BINANCE ANALYSIS BNB/USDT Binance Coin (BNB) is facing stiff resistance at the 20-day EMA ($308) but the positive sign is that the bulls are not giving up much ground. This suggests that buyers anticipate the altcoin to make an upward dash. If bulls thrust the price above the 20-day EMA, the BNB/USDT pair could rise to the 50-day SMA ($341). The bears may try to stall the recovery at this resistance but if the bulls can absorb the supply, the pair could start its journey to $433. Contrary to this assumption, if the bulls fail to push the price above the 20-day EMA, short-term traders may close their positions. If the pair breaks below $264.26, a retest of the support at $211.70 may be on the cards. Let's keep pumping the market guys Guys Stay Bullish, Stay Humble, Stay Put #bnb #binancefutures #binancesmartchain #binanceexchange #binancetrader #binancesignals #binanceisglobal #binancetrading #binance #binancecoin #bnbcoin #bnbcoin✔️🚀 https://www.instagram.com/p/CRAxsEks6Qk/?utm_medium=tumblr

BINANCE ANALYSIS BNB/USDT Binance Coin (BNB) plunged below the $291.06 support on June 21 but the bears could not break the next support at $211.70. The long tail on the June 22 candlestick indicates strong buying at lower levels. If the bulls push and sustain the price above $291.06, the BNB/USDT pair could rise to the downtrend line. The bears are likely to defend this resistance aggressively. However, the RSI is forming a bullish divergence, suggesting the bearish momentum may be weakening. If the bulls can pierce the downtrend line, the pair could rally to $433. Conversely, if the price turns down from the current level or the downtrend line, the bears will again try to pull the pair below the $211.70 support. If they manage to do that, the pair could slide to $200 and later to $126.75. Let's keep pumping the market guys Guys Stay Bullish, Stay Humble, Stay Put #binance #binancefutures #binancetrader #binanceexchange #binancesignals #binanceisglobal #binancetrading #binancecoin #binanceview https://www.instagram.com/p/CQfK7wRAtQH/?utm_medium=tumblr

BINANCE ANALYSIS BNB/USDT In strong uptrends, the bulls generally buy the dips to the 20-day EMA ($454) and that is what happened on April 18. Binance Coin (BNB) bounced off the 20-day EMA and the bulls attempted to build on the recovery today. However, the long wick on today’s candlestick suggests the bears are aggressively defending the $550 resistance. If the price turns down and breaks below the $428 support, the decline could extend to $348.69. Conversely, if the price rebounds off the 20-day EMA and the buyers thrust the price above $550, the BNB/USDT pair could rally to $600 and then to $638.56. A breakout of this resistance may start the next leg of the uptrend that could reach $832.75. Let's keep pumping the market guys Guys Stay Bullish, Stay Humble, Stay Put #binancefutures #binancesmartchain #binanceexchange #binancetrader #binancesignals #binancesignals #binanceisglobal #binance #binancecoin #binanceview https://www.instagram.com/p/CN39dzTgk1p/?igshid=epuaiyykqr20

BINANCE ANALYSIS BNB/USDT Binance Coin (BNB) is currently in a corrective phase following the sharp uptrend that took it from $233.81 on March 26 to $638.56 on April 12, a 173% rally in a short time. The first strong support on the downside is the 38.2% Fibonacci retracement level at $483.95. If the price bounces off $483.95, it will suggest the sentiment remains positive and the bulls are accumulating on dips. The buyers will try to resume the uptrend by thrusting the price above $638.56. If they succeed, the BNB/USDT pair could start its journey toward $888.70. The Doji candlestick pattern today suggests indecision among the bulls and the bears. If this uncertainty resolves to the downside and the bears sink the price below $483.85, the pair could drop to the 20-day EMA ($417), which is likely to act as a strong support. Let's keep pumping the market guys Guys Stay Bullish, Stay Humble, Stay Put #binancefutures #binancesmartchain #binanceexchange #binancetrader #binancesignals #binanceisglobal #binancetrading #binance #binancecoin #binanceview https://www.instagram.com/p/CNrHz9DgY4R/?igshid=swngr87xog9q

BINANCE BNB ANALYSIS BNB/USDT Binance Coin (BNB) broke out to a new all-time high on April 2 but the bulls could not sustain the higher levels and the price dipped back below $348.69. This suggests that the bears tried to trap the aggressive bulls. However, the bulls did not allow the price to break below the $315 support. This is a positive sign as it indicates that bulls are accumulating on every minor dip and are not waiting for a deeper correction to buy. If the bulls can thrust the price above the all-time high at $356.98, the BNB/USDT pair could start the next leg of the uptrend that may reach $400 and then $430. The rising moving averages and the RSI near the overbought territory suggest the path of least resistance is to the upside. On the contrary, if the price turns down from the current level or the overhead resistance and slides below $315, it will suggest that the bullish momentum is weakening. The 4-hour chart shows the bears are aggressively defending the overhead resistance zone between $348.69 and $356.98. They had even pulled the price below the 20-EMA but could not break the $315 support. The bulls will now make one more attempt to push the price above $356.98 and if they succeed, the pair could pick up momentum. On the other hand, even if the price turns down from the overhead resistance zone but stays above $315, it will indicate strength. The bears could gain the upper hand in the short term if the price breaks and sustains below $315. Let's keep pumping the market guys Guys Stay Bullish, Stay Humble, Stay Put #binancesignals #binance #binancecoin #binanceexchange #binancetrader #binanceview #binancefutures #binancesmartchain https://www.instagram.com/p/CNQ48QlgF1o/?igshid=l0im1pm380fk