Skip to main content

BINANCECOIN AND CHAINLINK – ALTCOIN CHART ANALYSIS



 BinanceCoin (BNB) has staged a strong rally over the past few days. After peaking above $420, we were rejected there and are currently at around $390.


We recently tested the monthly support P and were able to see a first counter-reaction in this zone. However, the trading volume was very weak, which is why it is questionable whether this is already enough for higher prices.


At the same time, we were rejected at the 200-SMA (last 200 moving averages/purple) and this is now serving as resistance. A setback in the range between 360 - 370 USD is therefore much more likely.


We see a similar picture on the daily chart. After we formed a bullish divergence here in the RSI , this could already play out, but weaker than it should be.


Here, too, everything points to lower prices in the short term. The trading volume continues to decrease. Thus, volatility could increase again in the next few days.


The above range of 360 - 370 USD overlaps on a daily basis with a support zone, which is located there. Since courses always go where the most liquidity is, a perfect bounce would be possible here.


With Chainlink (LINK) we see a similar picture as with BNB. After we scratched the USD 16 mark at the top, there was also a setback here. We are currently trading at around $14.20.


An important area here is the 0.5 Fib. Retracement level at around $13.60. If we see a bounce here, we would simultaneously form a higher low, which would be bullish at first.


Worst case, based on the current situation, would be the golden pocket (0.618 – 0.65 Fib. retracement level) at around USD 13. As this level is often tested in an uptrend, a possible bounce could follow here.


On the daily chart we see the picture a little clearer. Here we can see that the trading volume is clearly decreasing. Furthermore, we also had a bullish divergence here, which played out somewhat.


Here too, the $13 area would make more sense as we could simultaneously form a double bottom pattern and hit another liquidity zone. This increases the chances of a trend reversal.


While on the smaller timeframes this pullback would initially be bearish due to a lower low, on the larger timeframes this pullback would have something bullish about it.

My Top Picks
Honeygain - Passive earner that pays in BTC or PayPal
MandalaExchange -The Best no KYC crypto Exchange! 
BetFury - Play And Earn BFG for daily Bitcoin and ETH dividends!
Pipeflare - Faucet that pays in ZCash and Matic, Games pay in DAI
Womplay - Mobile dApp gaming platform that rewards in EOS and Bitcoin
Cointiply - The #1 Crypto Earning Site
Torum - Join the latest Social Network and earn TRM for Free! 
LiteCoinPay - The #1 FaucetPay earner for Litecoin 
LBRY/Odysee - YouTube Alternative that lets you earn Money by viewing videos!
FaucetPay - The #1 Microwallet Platform
FREEBTC - The #1 FaucetPay earner for Satoshi's
FaucetCrypto - An earning/faucet site that pays out instantly
FireFaucet - An earning site that pays better for some than Cointiply
DogeFaucet - Dogecoin Faucet
xFaucet - BTC, ETH, LTC, Doge, Dash, Tron, DGB, BCH, BNB, ZEC, FEY - Claim every 5 minutes
Konstantinova - BTC, ETH, LTC, Doge, Dash, Tron, DGB, BNB, ZEC, USDT, FEY, 25 Claims Daily

Comments

Post a Comment

Popular posts from this blog

From offchain to offchain: Statechains meets Lightning

  Without a doubt, the most significant off-chain Bitcoin solution is the Lightning network. But in its wake, the statechain has emerged as an intriguing replacement. There is currently a proposal to link the two offchain networks. From an ocean, for example, you can see sunbeams glistening in the water, waves rippling, and possibly a jellyfish drifting toward the light. But you only see a small portion of it. The distance from the sea's surface to its bottom is hundreds of meters. It has dozens of different fish species swimming in it, crabs and starfish crawling on the bottom, shells clinging to rocks, and sea plants climbing up. A completely new world starts where your gaze diverges. You can picture a blockchain like Bitcoin, just like the sea. What you see on the outside is only a small portion of what is actually there; the set of UTXOs (coins) and transaction history that full nodes store are just the beginning of a much larger world. It's the plan, at least. With Bitcoin...
Post a Comment
Read more

Phishing attack on popular crypto sites tries to empty wallets

  Several major crypto sites such as Etherscan, CoinGecko, DeFi Pulse, and others report malicious pop-ups scammers use to try to trick users into connecting their MetaMask wallets. The phishing attack came from a domain displaying the Bored Ape Yacht Club (BAYC) logo. "We are investigating the root cause of this attack to fix the threat as soon as possible," CoinGecko founder Bobby Ong tweeted. The phishing attack appears to have been triggered by a malicious ad script from Coinzilla, a crypto ad network, according to CoinGecko. Etherscan also advises its users not to confirm any transactions that may appear on the website. The attackers attempted to use the hype around the “bored monkeys” non-fungible tokens (NFT) to gain access to the cryptocurrencies of unsuspecting website visitors. Although the websites affected by the scam attempt have reacted in the last few hours and deactivated the advertising pop-up, it is still recommended not to connect your MetaMask wallet to ne...
Post a Comment
Read more

Bored Ape Yacht Club NFTs stolen through phishing on Instagram

  Bored Ape Yacht Club ( BAYC ) developers announced on Monday that hackers have hijacked the official Instagram page of the popular NFT collection and posted links to a fake airdrop. Crypto enthusiasts who connected their MetaMask wallet to the rogue website subsequently had their Ape NFTs stolen. Apparently, the attack was planned to coincide with the one-year anniversary of the BAYC collection. This increased the "perceived credibility" of the phishing link. About 100 NFTs are said to have been stolen in the phishing attack . According to CoinGecko data , the minimum price for a BAYC NFT is 139 Ether ( ETH ) or $400,726. So if reports are correct, over $40 million worth of NFTs were stolen in the attack. These numbers are only the lowest estimate, however, as they are based on the lowest price.  At the time of writing, it was still unclear how the hackers gained access to BAYC's official Instagram account. Social media users have pointed out the importance of two-fact...
Post a Comment
Read more