As we all know Alts move accordingly to bitcoin. It is very rare when one alt follows its own path or does not get too affected by a downside.
BNB is my favorite alt because it has demonstrated over the time strength.
Recently, I see BNB very correlated to BTC.
In my chart you can se clearly the path of its up trend, and then the change of trend in which we are right now.
Forming a bull flag in the daily, Bollinger bands curving and changing direction, we see how 200MA (black) is stressing with 20 MA of Bollinger bands (dark red).
Although you cannot see on the chart 50 MA is down the 200 MA curving and about to make a GOLDEN CROSS... possibly in days...
With all this said we cannot forget that BNB will do what bitcoin does.
My prediction:unless BTC fails and falls massively, we will se BNB BREAK THE BULL FLAG and have a nice rally. (60% probable)
My target:
First Buy BNB around 15.90 possibly 15.80 usd
Then wait for the break out, if it becomes less probable, I will sell at 16.40 usd
BNB is my favorite alt because it has demonstrated over the time strength.
Recently, I see BNB very correlated to BTC.
In my chart you can se clearly the path of its up trend, and then the change of trend in which we are right now.
Forming a bull flag in the daily, Bollinger bands curving and changing direction, we see how 200MA (black) is stressing with 20 MA of Bollinger bands (dark red).
Although you cannot see on the chart 50 MA is down the 200 MA curving and about to make a GOLDEN CROSS... possibly in days...
With all this said we cannot forget that BNB will do what bitcoin does.
My prediction:unless BTC fails and falls massively, we will se BNB BREAK THE BULL FLAG and have a nice rally. (60% probable)
My target:
First Buy BNB around 15.90 possibly 15.80 usd
Then wait for the break out, if it becomes less probable, I will sell at 16.40 usd