This means there is a high probability that we move the hight of the pattern to the downside.
Well, this would basically reset BNB.
However, it took quite a while until we broke through the neckline, which weakens the pattern.
With this post, I don't want to create any panic I just want to discuss the topic:
"What happens with Binance, if BNB resets?"
Therefore, feel free to write your thoughts down below.
Do you think Binance isn't affected at all if BNB goes to 0 or do you think that this scenario could make Binance bleed?
Either way, I think if Binance resets this will be a great opportunity to get as much BNB as you can (if Binance isn't suffering from it).
BNB's earning report says their profit crossed $1B every year since inception and BNB's marketcap is now worth less than $1B which makes the P/E ratio less than 1 which is unheard of in traditional investment space. In other words, BNB is ridiculously undervalued. Experts have mentioned this time and again but for some reason, Binance's worth is not truly reflected in the coin's value for some reason. Tech stocks even have P/E ratios as high as 50-70 in which case, BNB having a marketcap of $50B-70B wouldn't be absurd.