As I mentioned in my previous analysis, BNB hit a new all-time high on the BNBBTC pair, which is an extremely bullish event!
Also, BNB is stronger than ETH, and as per my analysis of the BNBETH pair, the uptrend should continue into next year.
On the daily chart, we can clearly see a falling wedge pattern that has been destroyed by the bulls recently. Now we are "retesting" the pattern.
My Elliott Wave analysis suggests that a major ABC correction has been completed and we have already started a new impulsive wave to the upside. Currently, we are in the second corrective wave.
Binance coin is definitely a great choice and with an upcoming alt season, this altcoin will perform much better than Bitcoin.
Look at my ideas about BNBBTC analysis and other promising altcoins in the related section down below.
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