#BNB hits out the resistance level as mentioned in previous post and price reacted from it. Well, make your major take-profit here and price building the bullish flag pattern below the level. If price have to continue up, then you can expect a solid breakout from here. Everything will be invalid if it breaks below $315.

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Here's the analysis of #BNB :

#BNB just made a new Higher High and moved above a major level of $311.50 - $315.20. Currently, price retesting the zone as major support, and potentially we can move up form here and targets will be major resistance level around $333.20 - $337.40.

Here's the analysis of #BNB :

#BNB rejected from thr major resistance $333.00 - $337.00 and price creating messy moves as of now. Right now, price is dipping and alts too, so if price breaks $303.00 support then we can see a easy drop till strong support at $286 - $287. You can take this opportunity as shorts scalping 📉

Here's the Analysis of #BNB :

#BNB rejected from the major resistance zone of $333 - $337 and reaching towards the structural support zone of $303 - $306. Currently, price also moving the a small flag pattern, which might tend the price to continue pushing lower. Nothing to do as of now, either wait for the flag to breakout and break below support for shorts.

#BNB dropped towards the structural support and rejected it sharply. Price still maintaining inside the small channel pattern and moving. A buys comes above thr channel with a proper breakout. Alternatively, a candle Closure below the support will lear in shorts position.

#BNB trying to breakout of the zone small channel pattern and there's a minor break and close candle. Well, if we start breaking the highs of the previous candles then we can expect a continuous upmove till major resistance area around $333. Small scalping can be done here, take it accordingly.

Here's the analysis of the #BNB :

#BNB broke out of the small channel pattern and tapped out the major resistance area of $333 - $337. Price nearly goes once and rejected again. Still the bullish market structure is maintained throughout the move. As of now, its a no trade zone, better you should wait for the breakout of the resistance

#BNB flipped above the major resistance zone and now turned it into support. Price made a retest back to the zone and gave a strongly bounce. Expected a new Higher High from here, if all goes right. Next level to reach is $354 - $360.

What Are #Bitcoin Ordinals?

The #Ordinals protocol is a system for numbering #satoshis, giving each satoshi a serial number and tracking them across #transactions. Simply put, ordinals allows users to make individual satoshis unique by attaching extra data to them. This process is known as “inscription”.

Satoshis are numbered based on the order in which they were #mined and transferred. The numbering scheme relies on the order satoshis are mined, while the transfer scheme relies on the order of transaction #inputs and #outputs. Hence the name, “ordinals”.

While traditional #NFTs are similar to ordinals in some ways, there are a few key differences. NFTs have typically been made using smart #contracts on blockchains such as #Ethereum, #Solana, and the #BNB Smart Chain, and sometimes, the assets they represent are hosted elsewhere.

Conversely, ordinals are inscribed directly onto individual #satoshis, which are then included in blocks on the #Bitcoin #blockchain. Ordinals reside fully on the blockchain and do not require a sidechain or separate token. In this sense, ordinal inscriptions inherit the #simplicity, #immutability, #security, and #durability of Bitcoin itself.

Here's the Analysis of #BNB :

#BNB is been consolidating between the major support zone of $209 - $220 and Resistance Area of $253 - $262. Small Channel pattern we can see where price went too major resistance again. Its waiting time for the #BNB. Short sells at major residence possible.
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#BNB Analysis :

#BNB is been cleared out all the liquidity from the major support zone and moved up $199 - $205 and kinda rejecting from the Strong Resistance Zone of $226 - $230 . Well if we see in the broader view, its a long range and have to break through it. The Strcutural support is at $217, where a bounce is expected.
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#BNB still unable to break above the strong resistance zone and giving the multiple rejection from the area. Well, We can expect some volume by tomorrow Market Open. If price breaks below the support $221 support area then we can go with short-selling.
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What Is a Mainnet Swap?

Mainnet swap is the migration of a cryptocurrency project from a third-party blockchain network, such as Ethereum, to its native blockchain network.

A third-party blockchain network is used when a cryptocurrency project is in its testnet phase. But once it moves from the testnet phase to the mainnet phase, users receive native cryptocurrency in exchange for their third-party tokens. That’s why it is also called token migration or token swap. At its core, the mainnet swap is the exchange of third-party tokens with the platform’s native cryptocurrency.

Better Understand Mainnet Swap

Since 2017, ELF has been held as an Ethereum based #ERC-20 token. After spending considerable time testing the security and reliability of its platform, they announced the mainnet swap on September 9, 2021. Typically, the mainnet swap follows a 1:1 ratio. Once it is completed on the entire blockchain, the remaining tokens are burned.

Another example of a mainnet swap is #BNB (Binance Coin). When Binance Chain was in its testnet phase, it was using the Ethereum based ERC-20 BNB token. However, after the mainnet launch, #ERC-20 BNB token holders were encouraged to migrate to the BEP2 BNB coin (the native coin of Binance). This swap occurred at a 1:1 ratio, meaning 1 #BEP2 #0000000d BNB coin equaled 1 ERC-20 #BNB.

When Does Mainnet Swap Occur?

Typically, a mainnet swap occurs when a cryptocurrency project moves from one blockchain to another or migrates its tokens from a third-party blockchain to its native chain. However, the mainnet swap isn’t associated exclusively with new blockchains. A project may announce it if it decides to move from one protocol to another. One example would be the migration of tokens from Bitcoin-based protocol to Ethereum network.

When it comes to the specifics of a mainnet swap’s execution, it varies from project to project. The majority of projects give a deadline to users for the migration of tokens. Failing to do so means you will end up losing access to your tokens as they’re usually burned after the given deadline.

How Is the Swap Done?

Depending on the main features of execution, users can either manually swap their tokens or leave them to the platform. For example, Binance allowed users to leave their previously issued tokens on their accounts, so the platform could automatically swap their tokens with native tokens.

#BNB Analysis :

#BNB strongly shooting with the market momentum and Nearly reached the major resistance zone of $504 - $514. Price expected to reach the level and pullback too. Once price retraced, buy can come from the support or newly formed support area.

#BNB just normally flipped above the Resistance zone with a Daily TF closure. In H4 TF price Rejecting the zone as support and open the potential gates for moving up. The next major resistance zone to look at will be $662 - $676 but there're minor one at $570. Take the zone and accordingly with proper risk.

#BNB perfectly moving up from the support zone, irrespective of the market movement and moved around 6% in favor. Keep the stops moving with the moved. Remember $562 - $571, is the minor resistance area.

#BNB falling off due to certain market condition/ corrections and before that it moved around 23.7% in profits and i hope you secured with the moving market conditions. Currently, price is correcting itself and hopefully we can expect it to get it around support zone again.

#SOL Flipped the #BNB Market Cap 📈📈

#PRA
#BNB/USDT analysis -

#BNB is currently trading near its resistance zone. It faced resistance at the $685 level and had a correction of -73% from its all-time high. Now, the price has regained its previous levels and reached the resistance zone again. We expect it to break out of this zone soon and continue its upward movement. To enter a long position, wait for the price to break out of the zone with a strong bullish candle having significant volume on the daily timeframe candle close. 📈💪

TF : 1M
Entry : $685
Target : $2500
SL : $440
@RG_Analitics
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