The BNBUSDT pair has been showing strong bullish sentiment for the last month. At this time, the BNB coin works out well technically. Those who took advantage of our ideas for this trading pair could take good profits.
Now it looks like the BNBUSD price is consolidating and channeling upward with a range of $100 between the boundaries of the channel.
As of now, the more probable movement of BNBUSDT to the upper border of the channel around $300 Sellers can push the price down again from the upper border to the area of $200-215
It will be possible to confidently set up thoughts that BNB will continue to grow strongly only after buyers can confidently fix the price above $300 _____________________ Since 2016, we have been analyzing and trading the cryptocurrency market. We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer - help us to be happier :)
very good analysis, actually i buy bnb at 333 and the price goes down. I am new to trading so i had no idea, Now i am waiting to for bnb to get back to that level, is it going to happen soon? any idea?
It will take a while, probably around in 2 months time, the key is to hold it and have patience and you will definitely recover your money
P_S_trade
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@MsK-75, Do you assume a scenario of continuing the correction for a much longer period?
amjad08525
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@MsK-75, You are absolutely right and i know it's a key. But do you not think 2 months is long time considering the uncertainty of bitcoin also?
P_S_trade
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@amjad08525, If buyers keep $ 210 then the chance of a $ 300 test is high
amjad08525
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@P_S_trade, Thank you so much for response, I have seen your analysis on many different coins and it works perfectly. Do you suggest " is it worth to suffle the coins from BNB ----> (COCOS, CHR, CHZ, SAND, AUDIO) at this time as they are performing well and going at good pace? is it worth or risky? can you give opinion or you think to wait on bnb is better?
BelowZero
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Excellent analysis as usual, and a great set up. Thank you.
It is very impressive how the BNB price has come up in the last years. Actually Binance "forces" traders to buy BNB in order to upgrade their trading account level and benefit from lower fees, which adds significantly to the BNB buying pressure. I am rather bullish on BNB long term, as Binance will probably keep pushing it upwards.
P_S_trade
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@BelowZero, So. Binans does everything to ensure that the popularity of the BNB is always high
BelowZero
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@P_S_trade, Of course. Binance is like the mobster of exchanges. They use all the dirty tricks available to increase their own wealth. Despite that, it is a really good exchange for trading crypto as they offer large daily volumes, a great interface, a lot of availability for margin trading, a very broad variety of tokens and also a ton of very convenient staking services.