bnb is on fire

iliacyrus Updated   
BINANCE:BNBUSDT   Binance Coin / TetherUS
history repeats itself !
same scenario just like previous analysis, again there is bullish divergence in MACD(red arrows), ichimoku is neutral tenkansen is below kijunsen and both of them also price is above green komu cloud which is a good sign plus RSI is in 50 percentage which is powerful area and most coins these days react very positive to that number in RSI. if tenkansen crosses kijunsen from below that is a strong signal to buy and if price goes above resistance line($337.8) and be stable there , according to fibonachi we can expect fibo1($491) as first target and fibo1.618($627) as our secound target
it is very likely that bnb takes over ethereum in the future ! so dont be rush to sell it ... it's a good asset for long term investment
think BIG
Trade active:
double hammer candle in 4H timeframe
a strong reversal sign for downtrend
i'm expecting next price correction in around $700

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