EXCAVO
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Hello CZ how are you?

BINANCE:BNBBTC   Binance Coin / Bitcoin
Hello friends

Today analysis BNB coin


I can say a lot of good words about CEO binance CZ, about the team and the strategy for promoting the exchange and their coins, but I look at the chart and now I will explain what I see and why.



BNB is one of the most liquid coins on the binance exchange, because of the commission on deals, the IEO lottery, the holding of coins, transition projects to their Bockchain, and Margin trading opportunity very soon.

A lot of good news, I even saw such articles where people called BNB a new bitcoin . I think this euphoria :)
I don't want you making your investment decisions with emotions.

In fact, on March 24th, when BNB was on highs (look at chart), Binance announces “Update to the Binance Launchpad Token Sale Format”
https://www.binance.com/en/blog/31649104...

All in the best traditions of manipulators.
On the high people are encouraged to keep the coin for at least 20 days. After that, anonasirovanie buduyuschih good news that everything will be fine.
But after that, some more people are prepared for the next Tothemoon and the announcement comes out that the Binance exchange has been hacked, but everything is fine, but the team solved all the problems, but in my opinion if it happened once, it can happen a second time.

Information space can be filled with good news. But in fact, everything works cyclically and this situation is very similar to the situation of EOS when they had a minenet


Now we see the second cycle on BNBBTC and my first target is the support line for the upward channel 0.0022-23, we will most likely break this line down and the final target is the largest horizontal volumes 0.0016-15
MA50 MA 100 cross in D1 chart


Trade active
Trade active
Comment: it will go to 0.0017

Related Ideas

Good Idea :)
+2 Reply
this is really short term view.
+1 Reply
And the best thing is that you need to hodl bnb for 9 days in order to take part in ieo lottery, but the funniest thing is that bnb is tanking hard and all hodlers lose money and there is no guaranty that they win in the lottery lol that lottery format is an absolute nonsense
+1 Reply
@Salmin, that's indeed the best thing, last lottery I got 0.3 BTC in a saturday morning written on top of my balance and apart from that this coin has outperformed almost every coin out there the past 2 years including btc
Reply
Salmin clutterbilly
@clutterbilly, l am talking about the lottery format not about the coin itself
Reply
Salmin clutterbilly
@clutterbilly, When this lottery started BNB was 39k sats, now it's 29k sats (-33%). 5 more days to hodl until the ticket draw starts and if you don't have a lucky ticket you are REKT
Reply
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