It seems like BNB is reaching a critical point because it has respected the 20 day MA so far and the correction has likely happened. Looks like a big bull flag on the daily time frame and on the 4 hour time frame, however the hype from BNB has faded a little bit. So it can go 2 ways. Either breakout to higher highs (more likely because of a bull flag on the daily) or a downtrend to test the 50 day MA.
in about an month there will be again a coin burn according to the CEO response on a tweet about it. Probably a lot of hype will occur. But for now I am not certain which direction it will go. Any suggestions?
First analysis published btw
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Edit: wrong word. Bull flag = ascending triangle. It’s monday...