Binance Coin (BNB) Reviews - Page 3

Binance Coin (BNB) rebounded off the support line of the channel on Jan. 31, indicating that bulls are buying on dips. However, the bulls could not push the price to the 20-day EMA ($407). This indicates a lack of demand at higher levels. Both moving averages are sloping down and the RSI remains in the negative territory, indicating that bears have the upper hand. The sellers will now attempt to pull the price back below the support line of the channel. If they succeed, the BNB/USDT pair could drop to the strong support zone at $330 to $320. Alternatively, if the price rebounds off the current level and rises above the 20-day EMA, it will indicate that the selling pressure could be reducing.

Binance Coin (BNB) continues to trade inside the descending channel pattern. The 20-day EMA ($485) has started to turn down and the RSI has dipped below 43, suggesting that bears are at an advantage. The bulls are attempting to defend the minor support at $450. If the price rebounds off this level, the buyers will make one more attempt to clear the overhead hurdle at $500. If they succeed, it will indicate a possible change in trend. The BNB/USDT pair could then start its northward march toward $572 and later to $617. Alternatively, if the price breaks below $450, the bears will try to pull the BNB/USDT pair to the support line of the channel.

Binance Coin (BNB) turned down from $669.30, indicating that bears are aggressively defending the all-time high at $691.80. However, a minor positive is that bulls are buying the dips to the 20-week EMA ($500). The upsloping moving averages and the RSI is in the positive zone indicate that buyers have the upper hand. If the price rebounds off the current level, the BNB/USDT pair could rise to the overhead zone at $669.30 to $691.80. The bulls will have to clear this barrier to signal the resumption of the uptrend. If that happens, the pair could start the next leg of the up-move to $848.30 and thereafter attempt a rally to $1,171.90. Another possibility is that the price bounces off the 20-week EMA but turns back from the overhead resistance. In such a case, the pair may remain range-bound for a few weeks. A consolidation near the all-time high is a positive sign as it shows that traders are not rushing to the exit. That increases the prospects of the continuation of the up-move. Conversely, if bears sink and sustain the price below the 20-week EMA, it will indicate that supply exceeds demand. That could result in a decline to the 50-week SMA ($379). A break and close below this level could invalidate the bullish assumption.

Binance Coin (BNB) soared above the 20-day EMA ($546) on Dec. 27 but the bulls could not sustain the higher levels. The price turned down and dipped below the 20-day EMA on Dec. 28. The bears will now try to sink the price below the strong support at $500. If they succeed, it could start a down move to the 200-day SMA ($444) where bulls are likely to defend the level aggressively. Contrary to this assumption, if the price turns up from the current level or the strong support at $500, it will suggest that bulls continue to buy on dips. A break and close above $575 will signal that the correction may be over. The pair could first rally to $617 and then to the overhead resistance zone at $669.30 to $691.80.

Binance Coin (BNB) turned down from the overhead resistance at $669.30 on Nov. 15 and plunged below the 20-day EMA ($591) on Nov. 16. The selling continued on Nov. 17 and the bears pulled the price near the 50% Fibonacci retracement level at $552.30. The long tail on Nov. 17’s candlestick suggests strong buying at lower levels. The buyers will now try to push the price back above the 20-day EMA. If they manage to do that, the BNB/USDT pair will again try to rise to $669.30. Alternatively, if the price turns down from the 20-day EMA, it will suggest that the sentiment has turned negative and traders are selling on rallies. The pair could then extend its decline to the 50-day SMA ($509).

Binance Coin (BNB) broke above the overhead resistance at $518.90 on Oct. 29 but the bulls could not build upon this advantage. This suggests a lack of demand at higher levels. The bears have pulled the price back below $518.90. If the BNB/USDT pair sustains below this level, the next stop could be the psychological support at $500 and then the 20-day EMA ($480). This is an important support for the bulls to defend. If the price rebounds off the 20-day EMA, it will suggest that sentiment remains positive and traders are buying on dips. The bulls will then again try to resume the uptrend by driving the price above the overhead zone between $518.90 and $540.50. Conversely, if the price slips below the 20-day EMA, the correction could deepen and the pair could drop to the 50-day SMA ($431). The price has dipped back to the 20-EMA, which is likely to act as a strong support. If the pair rebounds off this level, the bulls will attempt to resume the uptrend and push the price to the pattern target at $554 and then to $600. If the price breaks below the 20-EMA, it will suggest that the bullish momentum may be weakening in the short term. The pair could then drop to the 50-SMA and next to the neckline of the inverse head and shoulders pattern. A break below this level will indicate a possible change in trend.

Binance Coin (BNB) broke and closed below the 20-day EMA ($417) on Oct. 10 but the bears could not build on this advantage. The bulls defended the psychological support at $400 and pushed the price back above the 20-day EMA on Oct. 11. Although bears pulled the price below $400 on Oct. 12, the move appears to have been a bear trap because the BNB/USDT pair recovered quickly and rebounded to the neckline. The buyers pushed the price above the neckline on Oct. 13. The bullish inverse H&S pattern will complete if the pair closes above the neckline. This setup could start an up-move to $519.90 where heavy opposition is expected. A break and close above this level could propel the pair to the pattern target at $554. The bears will have to pull the price below $392.20 to gain the upper hand.

Binance Coin (BNB) has been facing strong resistance at the overhead resistance at $433 but the positive sign is that bulls have not given up much ground. This indicates that buyers are holding on to their positions as they anticipate a move higher. The 20-day EMA ($395) has turned up and the RSI is in the positive territory, indicating a slight advantage to the bulls. If buyers drive and sustain the price above $433, the BNB/USDT pair could pick up momentum and rally to $518.90. Contrary to this assumption, if the price turns down from the current level, the pair may drop to the 20-day EMA. If the price rebounds off this level, the bulls will again try to push the pair above $433. A break and close below the 20-day EMA could keep the pair range-bound for a few days.

Binance Coin (BNB) dipped below the support at $340 on Sept. 26, but the bulls bought the dip and held the level on a closing basis. The buyers are currently struggling to sustain the price above $340, indicating selling on minor rallies. If the price turns down and breaks below the $340 to $320 support zone, the BNB/USDT pair could extend the decline to $300 and later to $250. The 20-day EMA ($388) is sloping down and the RSI is below 37, suggesting that bears are in command. The first sign of strength will be a break and close above the 20-day EMA. Such a move will suggest that the selling pressure is reducing. The pair could then rally to the overhead resistance at $433.

Binance Coin (BNB) broke below the Sept. 7 low at $369 on Sept. 20 and reached strong support at $340 on Sept. 21. The bulls are currently attempting to defend this level. The moving averages have completed a bearish crossover and the RSI is below 41, indicating that bears are at an advantage. Any pullback is likely to be met with strong selling near the 20-day EMA ($410). If bears sink the price below $340, the BNB/USDT pair could drop to the psychological support at $300 and then to $250. This negative view will be negated if bulls propel and sustain the price above the overhead resistance at $433.

The bulls are struggling to drive Binance Coin (BNB) above the overhead resistance at $518.90 but a positive sign is that they have not allowed the price to dip below the 20-day EMA ($467). This suggests accumulation at lower levels.
If the price again bounces off the 20-day EMA, the buyers will try to thrust the BNB/USDT pair above $518.90. If they manage to do that, the pair could resume its uptrend and rally to the next target at $600. Conversely, a break below the 20-day EMA could sink the price to $433. If bulls defend this level, the pair could remain range-bound between $433 and $518.90 for a few more days. A break and close below $433 may signal that bulls are losing their grip.

Binance Coin (BNB) rebounded off the moving averages on Aug. 9 and started its upward journey toward the resistance of the large $211.70 to $433 range. The bears are likely to defend the $433 level aggressively. However, if bulls do not give up much ground near $433 or if they buy the dips to the 20-day EMA ($338), the likelihood of a break above $433 increases. If that happens, the BNB/USDT pair could rally to $520 and later to $600. On the contrary, if the price turns down from the current level or the overhead resistance and breaks below $340, it will suggest that the range-bound action may continue for a few more days.

The long wick on the July 26 candlestick suggests that bears sold at higher levels. They attempted to trap the aggressive bulls by pulling Binance Coin (BNB) back below the downtrend line but the buyers did not relent. The bulls defended the 20-day exponential moving average ($304) on July 27 and are attempting to push the price above the 50-day simple moving average ($312) today. If they succeed, the BNB/USDT pair could rise to the overhead resistance at $340. A breakout and close above $340 will clear the path for a possible rally to $400 and then to $433. This positive view will invalidate if the price turns down from the current level or the overhead resistance and breaks below the 20-day EMA. Such a move could result in a fall to $254.52.

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.

Binance Coin (BNB) has been trading between the moving averages for the past five days. This tight consolidation suggests that bulls are buying on dips to the 20-day EMA ($313) and bears are defending the 50-day SMA ($333). However, this tight-range trading is unlikely to continue for long. If bulls drive the price above the 50-day SMA, the BNB/USDT pair could pick up momentum and rally toward $379.58. If bulls clear this hurdle, the up-move could reach $433. On the other hand, if bears sink and sustain the price below the 20-day EMA, the pair could slide to the $276.40 to $264.26 support zone. A break below this zone could pull the price down to the critical support at $211.70.

Once in the top 3 of the market, Binance Coin (BNB) continues to establish itself in new positions. The cryptocurrency exchange's own token, Binance, recently hit a new all-time high of about $ 378, and its capitalization exceeded $ 57 billion for the first time. Growth for the week is 39%. BNB was launched by Binance as part of an ICO in 2017, but only unleashed its potential this year. Back in late January, BNB could be bought for less than $ 40. Since then, the price of the token has grown by almost 10 times.

One of the highlights of the 2021 bull rally is Binance Coin (BNB), which is up nearly 400% since early February. Such skyrocketing prices underscore the critical role of exchanges in the development of the crypto market. Even more important is the fact that BNB started to enter the Ethereum field, offering fast and cheap transactions, where ETH is now clearly in trouble. In addition, the exchange's huge user base and poaching of the DeFi sector plays a role. As a result, BNB is in third place, and it is very likely that the TOP-20 coins may change dramatically in the next six months.

Binance Coin is the only altcoin worthy of attention this year, perhaps along with Litecoin. Changpeng Zhao and his team did a tremendous job of developing and expanding the Binance ecosystem, which had a positive effect on the price of BNB throughout this spring/summer. Frankly speaking, I am so glad that I had a nice stash of BNB on the exchange. It gave me decent profits even without trading, I just held it and watched the price hitting the all-time high. Gonna continue holding BNB, I think it will double in value over the next few months.

BNB keeps going because CZ and company understand how to run a profitable business. They originally introduced the idea of IEOs, and these have taken off with such wide success that every exchange currently has their own IEO platform. It seems that every IEO these days is having huge numbers, from 2x to 10x+. BNB was also the first to introduce the idea of requiring participants to hold a certain amount of BNB to enter lotteries, which has drastically increased the price. As IEOs remain profitable, BNBs value will continue to rise as people require more BNB to have more chances to participate in lotteries.

Binance Coin isn’t going to stop mooning. If you’re not buying BNB, then you hate money. Don’t get caught in the dark without any BNB, especially once its worth $100 per coin. It’s pretty crazy because now that they invented IEOs, they are the de-facto platform to participate in these. BNB does token burns, IEOs and even community projects, so it makes sense that BNB is going to triple in price in literally no time. Just make sure you’re not left holding someone’s bag at the top. BNB is the biggest project in crypto without that many people actually realizing its potential. It’s still early to jump into the coin.