BNB has had an amazing run up. A small correction / relief was needed.
After printing a double top we have broken the 20EMA level.
There is a good possibility we test the 50EMA which would level out near the trend support.
BNB is super bullish , there is a token burn coming very soon according to CZ. This token burn will remove BNB from supply. Simple supply & demand would correlate to a upward price action.
If price can consolidate above 20EMA level, we would continue further up.
After printing a double top we have broken the 20EMA level.
There is a good possibility we test the 50EMA which would level out near the trend support.
BNB is super bullish , there is a token burn coming very soon according to CZ. This token burn will remove BNB from supply. Simple supply & demand would correlate to a upward price action.
If price can consolidate above 20EMA level, we would continue further up.
Comment:
Original Entry:
