I see that we currently broke the 4H trend up which tells me we are pulling back a little and trying to test the 61% Fib zone. If this is a nice ABCD structure we will find support around our 200 MA and a denial around the red ribbon resistance on this 4hr chart. Denial at 24.50 - 25 and a trend continuation to 61% daily at $15 - 16 floor.
The last time we touched the red ribbon we consolidated for about 5 days to a week. back in Aug 21st of this year.
Take notice how we tried to find support off this ribbon and it fell through and came back UP to pressure test. Once it was confirmed we got a level 1 to 2 drop from there.
Been awhile since I have worked on BNB so I figured id drop another idea. Last time we did this was back in Feb and we all exited WAAYYY too early. Caught a good buy but had no idea we would rise as far as 40 bucks.
BNB is a great digital asset in my honest opinion. CEO is one of the best in this industry and this is an asset I can see head to 80 bucks or higher in the future as Binance grows. Ive used Binance for 2 years now and have never had issues with them. The CEO also does AMA's and speaks to the community in a professional manner.
I see long term buy opportunities between 10-15 bucks and sell opportunities around 25 to 30 bucks. We wont know how precise the price zones will be but we are daily down still and hourly UP as a correction from the top.
As always
Stay safe. Manage Risk.
What are your thoughts on BNB? Do you see this as a great safe haven digital asset like me? Some people have told me they trust BNB more than they do USDT and USDC even if they are negative while holding. Do you think the same? let me know! Thanks everyone ^_^
PS> I am bullish on BNB especially if we see 10 bucks again.
The last time we touched the red ribbon we consolidated for about 5 days to a week. back in Aug 21st of this year.
Take notice how we tried to find support off this ribbon and it fell through and came back UP to pressure test. Once it was confirmed we got a level 1 to 2 drop from there.
Been awhile since I have worked on BNB so I figured id drop another idea. Last time we did this was back in Feb and we all exited WAAYYY too early. Caught a good buy but had no idea we would rise as far as 40 bucks.
BNB is a great digital asset in my honest opinion. CEO is one of the best in this industry and this is an asset I can see head to 80 bucks or higher in the future as Binance grows. Ive used Binance for 2 years now and have never had issues with them. The CEO also does AMA's and speaks to the community in a professional manner.
I see long term buy opportunities between 10-15 bucks and sell opportunities around 25 to 30 bucks. We wont know how precise the price zones will be but we are daily down still and hourly UP as a correction from the top.
As always
Stay safe. Manage Risk.
What are your thoughts on BNB? Do you see this as a great safe haven digital asset like me? Some people have told me they trust BNB more than they do USDT and USDC even if they are negative while holding. Do you think the same? let me know! Thanks everyone ^_^
PS> I am bullish on BNB especially if we see 10 bucks again.
