Scam exchange Binance - need be afraid of such an event? 😰
Attacks from SEC on the Binance exchange continue. What can happen to BNB and the largest cryptocurrency exchanges against backdrop of the ongoing circus with the SEC.
Its important to understand that BNB can only disappear if Binance exchange is scammed.
If this happens, then believe me, a lot of projects will fall off, because the Binance is now, in fact, the so-called crypto market.
📌 Suddenly, someone does not know, this exchange is the main monopolist of crypto industry and it is on it that highest volumes of cryptocurrency turnover take place.
We estimate probability of a Binance exchange scam at only 5%, since the lawsuit is only from the US SEC, and Binance is a global exchange that operates all over the world. So you should not be afraid.
💁♂️ Most likely, many panicked and started selling
BNBUSDT BNB, but price fell by only -10%, which is not much for the crypto market.
We dont expect landslide sales for this coin, a maximum of -30-40% from the current ones, and not because of current reasons, but because of the withdrawal of liquidity from the system (read previous posts).
Binance simply will not allow a strong collapse of coin, as this will affect the credibility of their business.
We think that Binance is and will continue to conduct so-called buybacks (buyback of tokens), especially if the price falls.
📌 For an example, just look at how weak the BNB coin fell in bear market.
Do you think the stock exchange has nothing to do with it? We strongly doubt it.
🎯 Technical analysis
Coin is trading above medium-term uptrend and is now testing this trend from above.
The support level of $258 passes directly below trend line.
Above the key resistance level of $339, which price has not been able to break through for more than a year.
In case of panic, the price can break through the trend line down and the support level of $258.
But below is a very important support level of $223 along which the long-term moving MA200w passes. Below is emptiness up to $ 138 ...
The price may well fall to the key level of $223 or even lower, but we think that at any price below this level, the exchange itself will actively buy back tokens, since below it is essentially just emptiness. Therefore, around the $223 level, you definitely need to make purchases, even though it will be very scary!
And for those who do not yet have positions on this coin, it makes sense to make the first purchases now, when fear reigns and the price is right at trend line.
You can find even more profitable ideas in the profile header 🎩
If you are interested in analysis of any other asset - write in the comments and I will do it.
Its important to understand that BNB can only disappear if Binance exchange is scammed.
If this happens, then believe me, a lot of projects will fall off, because the Binance is now, in fact, the so-called crypto market.
📌 Suddenly, someone does not know, this exchange is the main monopolist of crypto industry and it is on it that highest volumes of cryptocurrency turnover take place.
We estimate probability of a Binance exchange scam at only 5%, since the lawsuit is only from the US SEC, and Binance is a global exchange that operates all over the world. So you should not be afraid.
💁♂️ Most likely, many panicked and started selling
BNBUSDT BNB, but price fell by only -10%, which is not much for the crypto market.We dont expect landslide sales for this coin, a maximum of -30-40% from the current ones, and not because of current reasons, but because of the withdrawal of liquidity from the system (read previous posts).
Binance simply will not allow a strong collapse of coin, as this will affect the credibility of their business.
We think that Binance is and will continue to conduct so-called buybacks (buyback of tokens), especially if the price falls.
📌 For an example, just look at how weak the BNB coin fell in bear market.
Do you think the stock exchange has nothing to do with it? We strongly doubt it.
🎯 Technical analysis
Coin is trading above medium-term uptrend and is now testing this trend from above.
The support level of $258 passes directly below trend line.
Above the key resistance level of $339, which price has not been able to break through for more than a year.
In case of panic, the price can break through the trend line down and the support level of $258.
But below is a very important support level of $223 along which the long-term moving MA200w passes. Below is emptiness up to $ 138 ...
The price may well fall to the key level of $223 or even lower, but we think that at any price below this level, the exchange itself will actively buy back tokens, since below it is essentially just emptiness. Therefore, around the $223 level, you definitely need to make purchases, even though it will be very scary!
And for those who do not yet have positions on this coin, it makes sense to make the first purchases now, when fear reigns and the price is right at trend line.
You can find even more profitable ideas in the profile header 🎩
If you are interested in analysis of any other asset - write in the comments and I will do it.
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