Batrachotoxin
Long

BNB can reach $100 in this summer. Mid-term prediction.

BINANCE:BNBUSDT   Binance Coin / TetherUS
BINANCE:BNBUSDT

BNB is a strong coin, supported by world's biggest exchange - Binance. BNB entered a massively gaining on 1st quarter of the year 2019 due to lots of good news related to Binance exchange, such as IEO releasing, a lauching of new binance chain and a new dex (decentralized exchange). The rise of BNB recalls me the BTC bull run in last December 2017, that made BTC's price reached it top high near $20000. BNB has more room to go hard this year, we can say 2019 is the year of BNB, and will see it break all last records.

From my EW ( Elliott Waves ) count, BNB entered first leading diagonal impulse wave between the last month of 2018 and 2 first months of 2019. The 2nd wave lasting only 1 week in the end of this Feb.. Till now BNBUSDT is running to the end of third wave, it broke last top high (at $25 - $27) and may have a leg up to $42. Due to quick 2nd wave correction, the 4th wave will form a zig zag pattern, this wave is highly likely ended at 61.8% correction of 3rd wave ($18.8), estimation time for this correction is 1 month. Last impulse wave of BNB bull run in this year will start at the earlier of this summer, with final target for BNB is at $105 (related to Fib. extension 4.236 level).

We can go long at this price to $42 then short followed the correction, and open another long at around $20 to catch the fifth wave.
I agree, that BNB is a good buy :) But dude, stop with this Elliott Wave nonsense – you will have better clues about future looking at coffee in the morning, than from waves.
+1 Reply
Batrachotoxin SatoshiBTCQueen
@SatoshiBTCQueen, thank for your suggest. I think it may be better if we have some short talks about EW at tea break, beside other talks. Have a good day!
Reply
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