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everget
Mar 15, 2019 2:09 AM

BNB, Northward Long

Binance Coin / TetherUSBinance

Description

The idea is based on the repeating pattern - after each token sale on Binance Launchpad, Binance Coin (BNB) starts to grow up.

A simple proportional calculation gives 45.61% movement after Celer Network token sale (19.03.2019). Thus, BNB will break out the June Resistance line. I suggest a downward movement until token sale date - the same happened before Fetch.AI token sale.
Comments
Acel
I get the strongest pulse on this on recent high. So, adjusting the EW to that and taking into consideration that u cant really short this - hence its speculators paradise, it should aim for further upside even if it forms ranges on the way up.
everget
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tradeMark8
@Acel, short BNB: bitmax.io/
Acel
@tradeMark8, yes im aware of that.. still not enough market participation on that exchange to have any impact on bnb.
jaggedsoft
Nice call friend. I clicked play and this aged very well.
everget
@jaggedsoft, thanks mate!
UnknownUnicorn23164075
Very interesting analysis, contending also that BNB is PoS so this is correct. thanks for sharing mate!
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