Hello, dear friends!
Recently there are a lot of FUD around the Binance exchange and all this information reflects on the BNB price. It looks weak, but remember that 1 month ago somebody tells that
cz_binance has the liquidation below $213. As you can see price went lower and everything is OK.
Bad guys are trying to destroy exchange, but they will not be able to do it. Let's destroy this FUD and support Binance, because this is the vital player on the cryptocurrency market.
I am not aware of all internal fundamentals, but price chart tells me that everything is going to be awesome. Let's take a look at the last downside impulse. It has the clear 5 Elliott waves structure. Bullish confirmed divergence with the Awesome Oscillator tells us that downtrend is over.
Moreover we can see the bullish reversal bar on 1D timeframe, changed momentum. Lats thing which price shall do is to break the fractal to fully confirm the uptrend. The most conservative target is 0.61 Fibonacci at $280. As you understand this pump cannot happen on some negative news. Therefore negative news are not likely in the nearest future.
🔔Follow us and never miss the update!
Recently there are a lot of FUD around the Binance exchange and all this information reflects on the BNB price. It looks weak, but remember that 1 month ago somebody tells that
cz_binance has the liquidation below $213. As you can see price went lower and everything is OK.
Bad guys are trying to destroy exchange, but they will not be able to do it. Let's destroy this FUD and support Binance, because this is the vital player on the cryptocurrency market.
I am not aware of all internal fundamentals, but price chart tells me that everything is going to be awesome. Let's take a look at the last downside impulse. It has the clear 5 Elliott waves structure. Bullish confirmed divergence with the Awesome Oscillator tells us that downtrend is over.
Moreover we can see the bullish reversal bar on 1D timeframe, changed momentum. Lats thing which price shall do is to break the fractal to fully confirm the uptrend. The most conservative target is 0.61 Fibonacci at $280. As you understand this pump cannot happen on some negative news. Therefore negative news are not likely in the nearest future.
🔔Follow us and never miss the update!
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