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”
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