BNB a MASSIVE bull run coming on the famous Binance token???
Hello everyone! Look out at the BNB the token of the famous exchange Binance! On the fundamental aspect Binance achieved many improvement mostly to play against severe competition of derivative exchange and they did well now it has even taken the first place on futures and derivative exchange on crypto and they included many new features.
Even with that, still not going up but it could do it soon.
Don't forget BNB was popularly considered as a hedge for bitcoin while in a minor downtrend and BNB isn't much correlated to others alts and btc, Of course if alts are starting an uptrend BNB will follow as well for sure.
Now let's take a look on the technical!
Overall view at 1D chart.
So it still holds the support in an overall bullish trend it has broken a major trendline and pull back now this was also a sort of rising wedge now broken, retracment 38% level around 3000 should watch as short term target.
1M
This is about to make a nice bullish engulfing on support in a bullish on uptrend, but the candle isn't closed yet.
1W
Nice candle seem look good also RSI is about to breakout, we can target 3600 at 61% first and after for more long term 5600 at 127%.
4H chart
Breakout pull back clear uptrending.
1H chart
Not much to say but it seems bullish and ready to breakout the high and make another move up.
What about USD?
I have nothing really to say but just look at this candle and how this trendline hold on monthly.
Feel to share your thought in comment I always read all and try to answers if possible.
Thanks for reading take care!
Even with that, still not going up but it could do it soon.
Don't forget BNB was popularly considered as a hedge for bitcoin while in a minor downtrend and BNB isn't much correlated to others alts and btc, Of course if alts are starting an uptrend BNB will follow as well for sure.
Now let's take a look on the technical!
Overall view at 1D chart.
So it still holds the support in an overall bullish trend it has broken a major trendline and pull back now this was also a sort of rising wedge now broken, retracment 38% level around 3000 should watch as short term target.
1M
This is about to make a nice bullish engulfing on support in a bullish on uptrend, but the candle isn't closed yet.
1W
Nice candle seem look good also RSI is about to breakout, we can target 3600 at 61% first and after for more long term 5600 at 127%.
4H chart
Breakout pull back clear uptrending.
1H chart
Not much to say but it seems bullish and ready to breakout the high and make another move up.
What about USD?
I have nothing really to say but just look at this candle and how this trendline hold on monthly.
Feel to share your thought in comment I always read all and try to answers if possible.
Thanks for reading take care!