Binance Coin Can Bounce Here (Two Scenarios To Look At!)

BINANCE:BNBBTC   Binance Coin / Bitcoin
Binance Coin ( BNBBTC ) tends to move inverse to Bitcoin ( BTCUSD ).

Right now we see that Bitcoin might have peaked and at the same time we see a hammer candlestick on Binance Coin ( BNBBTC ), a bounce can happen here.

Here are the two main scenarios I am looking at:

  • 1) Bitcoin drops and Binance Coin (BNB) moves up, following the green arrow. A close above EMA10 would support this view.

  • 2) Bitcoin goes sideways or moves up, Binance Coin continues going lower and test 0.148 Fib. level of the chart above.

My view: I believe we will go with the first scenario, based on the analysis described here:
Enjoyed this post? Feel free to hit like.

Thanks a lot for the support.

This is Alan Masters.

Comment: Latest Binance Coin (BNBBTC) update:
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Related Ideas

alanmasters devilninja777
@devilninja777, You got it, working on it.
alanmasters devilninja777
+1 Reply
devilninja777 alanmasters
@alanmasters, YES!! LET'S PUMP IT!!!!!!
+1 Reply
Great stuff as usual. I do believe that BNB listen only to CZ. One tweet about launchpad or anything positive and we see only up. Any move down will last only a moment. BNB is hot cake and everybody want it.
+3 Reply
alanmasters cryptochangex
@cryptochangex, Yes, I've come to realize that. BNB is always hot for the buyers and traders in this market.
+1 Reply
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