BNB/USD vulnerable as a bearish flag formation points to a move below $200

BNB/USD vulnerable as a bearish flag formation points to a move below $200
фото показано с : coinjournal.net

2023-7-31 12:31

BNB/USD forms a possible bearish flag pattern The US dollar strength is not responsible for the BNB/USD bearishness $200 provides support for now

Bitcoin rallied in 2023 and holds onto its gains. Most other major cryptocurrencies did so too, but some exceptions exist. 

One is Binance Coin (BNB). 

Sure enough, it rallied at the start of the year, following Bitcoin’s lead. But then it gave up all of its gains – and some more. 

One cannot blame the US dollar’s strength as the cause for the BNB/USD decline. After all, the dollar’s strength is not visible in other cryptocurrencies. 

Instead, it appears to be the Binance Coin that trades with a bearish tone. That is particularly true if one looks at the technical picture, which shows the bearish pressure building as the market nears the $200 support level. 

Binance Coin chart by TradingView

A bearish flag pattern suggests that BNB/USD will break the $200 support level

A bearish flag pattern is a continuation pattern forming in a downtrend. The consolidation area follows a steep decline, and the breakout or the measured move equals the distance that the market traveled prior to the consolidation. 

If, indeed, BNB/USD formed a bearish flag pattern, then the support in the $200 area should give way. The pattern’s measured move, seen in orange above, points to $150 and lower. 

What should worry investors is the inability of the market to bounce while other cryptocurrencies hold near their yearly highs. It points to other factors weighing on the market, different than the US dollar’s strength. 

The post BNB/USD vulnerable as a bearish flag formation points to a move below $200 appeared first on CoinJournal.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

CK USD (CKUSD) на Currencies.ru

$ 0.2153 (+0.52%)
Объем 24H $0
Изменеия 24h: 0.67 %, 7d: -2.33 %
Cегодня L: $0.2128 - H: $0.2153
Капитализация $0 Rank 3492
Доступно / Всего 0 CKUSD

usd bnb 200 flag bearish onto gains

Источник: coinjournal.net

usd bnb → Результатов: 126


Binance Coin Price Analysis BNB/USD: Consecutive Losses

Binance Coin has a bearish short-term and medium-term trading bias The four-hour time frame shows that a bullish inverted head and shoulders pattern is still present A loss of the $16.00 level would be extremely bearish for the BNB/USD pair Binance Coin remains under pressure alongside the broader cryptocurrency market, with the BNB/USD pair trading […] The post Binance Coin Price Analysis BNB/USD: Consecutive Losses appeared first on Crypto Briefing.

2019-11-22 21:12


На Binance US стартуют торги криптовалютой Waves

Американское подразделение криптовалютной биржи Binance объявило о начале поддержки Waves. Торги WAVES в паре с USD стартуют во вторник, 29 октября, в 21:00 EST. https://t. co/AZwoBOy3iq Will List @wavesplatform $WAVEShttps://t.

2019-10-29 12:41


Binance Coin Price Analysis BNB / USD: Upbeat

Binance Coin (BNB) remains bearish over the short and the medium-term horizon The four-hour time shows that a bullish breakout has occurred from an ascending triangle pattern A bearish death-cross is still underway on the daily time frame Binance Coin is on the rise, after the cryptocurrency staged a powerful double-digit rally alongside the recent […] The post Binance Coin Price Analysis BNB / USD: Upbeat appeared first on Crypto Briefing.

2019-10-10 16:59


Binance сообщила о листинге криптовалюты Beam

Криптовалютная биржа Binance объявила о добавлении криптовалюты Beam. Торги парами BEAM/BNB, BEAM/BTC и BEAM/USD стартуют сегодня, 20 сентября, в 15:00 по московскому времени. Пользователи уже могут вносить депозиты на свои аккаунты, сообщается на официальном сайте компании, пишет РБК Крипто.

2019-9-20 11:53


Американское подразделение Binance начало прием депозитов

Binance US, новое подразделение ведущей по объемам торгов криптовалютной биржи, официально объявило о начале работы, открыв регистрацию пользователей и прием депозитов. По завершении верификации клиенты ориентированной на США платформы смогут торговать BTC, ETH, XRP, BCH, LTC, USDT и BNB.

2019-9-18 15:52


Фото:

Binance Coin Price Analysis: BNB Could Attempt Reversal To $26

Binance coin has created three lower lows between now and June as price action loses close to 50% of its value. Further downside is expected, however, signs of a reversal could be playing out. BNB/USD 1 Hour Analysis On the 1 hour chart for BNB/USDT, we can see at the end of August price levels crashed through $25 support as mentioned in my previous BNB analysis, since then price levels have bottomed around $21 and Read More The post Binance Coin Price Analysis: BNB Could Attempt Reversal To $26 appeared first on Bitcoinist.com.

2019-9-8 22:11


Binance Coin Price Analysis BNB / USD: Falling To Critical Level

Binance Coin has a bearish short-term bias, with the cryptocurrency trading below its 200-period moving average on the four-hour time frame The four-hour time frame is showing that a bearish head and shoulders pattern has formed The daily time frame still shows that the BNB / USD pair is trading above breakout support Binance Coin […] The post Binance Coin Price Analysis BNB / USD: Falling To Critical Level appeared first on Crypto Briefing.

2019-7-26 16:45


Binance Coin Price Analysis BNB / USD: Announcements Galore

Binance Coin has a bearish short-term bias, with the cryptocurrency holding below key technical support The four-hour time frame is showing a valid head and shoulders pattern The daily time frame highlights that a significant bullish breakout is still underway Fundamental Analysis Binance Coin has gained bullish momentum after its CEO Changpeng Zhao has made […] The post Binance Coin Price Analysis BNB / USD: Announcements Galore appeared first on Crypto Briefing.

2019-7-12 16:11


Binance Coin Price Analysis BNB / USD: Top Gun ATH

Binance Coin has a bullish short-term bias, with the cryptocurrency attempting to recover back towards its all-time trading high The four-hour time frame is showing that a bullish wedge breakout has occurred The daily time frame is highlighting that bulls need to invalidate a bearish double-top pattern formation Fundamental Analysis Binance Сoin continues its trend […] The post Binance Coin Price Analysis BNB / USD: Top Gun ATH appeared first on Crypto Briefing.

2019-6-12 16:45


Binance Coin Price Analysis BNB / USD: Target Reached

Binance Coin has a bullish short-term bias, with the cryptocurrency still trading above key technical support The BNB / USD pair has bullish medium-term outlook and continues to trade above its 200-day moving average The daily time frame is highlighting that a valid bullish breakout is still underway Binance Coin / USD Short-term price analysis […] The post Binance Coin Price Analysis BNB / USD: Target Reached appeared first on Crypto Briefing.

2019-6-6 16:22


Binance Coin Price Prediction Today: Daily (BNB) Value Forecast – May 29

There have been featuring of higher highs and higher lows in the BNB/USD medium-term trend. There have been featuring of higher highs and higher lows in the BNB/USD medium-term trend. BNB/USD Medium-term Trend: Ranging Distribution territories: $38, $40, $42 Accumulation territories: $30, $28, $26 BNB/USD medium-term market outlook has now been characterized by a series […]

2019-5-29 14:28


Binance Coin Price Analysis BNB / USD: Higher Highs

Binance Coin has a bullish short-term bias, with the cryptocurrency continuing to make higher highs The BNB / USD pair has an increasingly bullish trading outlook over the medium-term The daily time frame is highlighting that a major technical breakout is underway Binance Coin / USD Short-term price analysis Binance Coin has a bullish short-term […] The post Binance Coin Price Analysis BNB / USD: Higher Highs appeared first on Crypto Briefing.

2019-5-22 17:12


Binance Coin Price Prediction Today: Daily (BNB) Value Forecast – May 22

BNB/USD market's strength is still mostly in the control of the bulls. A sudden breakdown of $30 mark may potentially be an invalidating signal of the current BNB/USD trade upsurge continuation. BNB/USD Medium-term Trend: Bullish Distribution territories: $36, $38, $40 Accumulation territories: $26, $24, $22 Binance Coin trade worth has visibly been on an increase […]

2019-5-22 14:23


Binance Coin Price Prediction Today: Daily (BNB) Value Forecast – May 15

BNB/USD trade has notably been on a relative increase. The BNB/USD market appears to face a rejection within $28 and $26 marks. BNB/USD Medium-term Trend: Bullish Distribution territories: $30, $32, $34 Accumulation territories: $18, $16, $14 The market worth of Binance Coin has been slowly and steadily appreciating against the price valuation of the US […]

2019-5-15 14:12


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Dogecoin and Ripple investors turn to iDEGEN a momentum grows

As AI takes over the crypto space, one project stands out; iDEGEN. Just three weeks into its presale, it’s price has rallied by close to 90,000%. Besides, the crypto-friendly environment that President Trump is cultivating is set to bolster the new entrant as well as other established cryptos.

Bitcoin reclaims $100k, could rally higher on possible Fed rate cut

Key takeaways Bitcoin is trading above $100k and could rally higher in the coming days. iDEGEN’s pre-market auction officially hits $4 million as more investors troop in. Bitcoin reclaims the $100k spot The cryptocurrency market began the week poorly, with Bitcoin dropping to the $93k region on Monday.

Crypto price predictions: HBAR, iDEGEN, Bitcoin

Bitcoin Price Holds Steady Amid a Probable US Selloff  BTC/USD has been trading steadily above $90,000 for two weeks now; missing the all-important mark of $100,000 by less than 5 dollars on 22nd November.