Hello my friends, A multi timeframe analysis of BNB and a midterm vision for investment. The price broke a major resistance base band as a neckline and now it is pullback. So you can consider it and the price actions in the circles to buy it. By the what BNB has a good news about token burning. Good luck If you like the idea, do not forget to support with a like and follow me for next analysis :) Write your comment and opinion below for me
Also regarding BNB, I think this recent uptrend was related to the burning token news. There are some guys who knows it before the news it released and when the burning token happen, it may not affect positively on its price as it already got advantage from that news.
Ehsan_1307
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Thanks for sharing Arash but my overview on the market is still bearish. Apart from BTC and a little number of coins, we haven’t seen a real uptrend for the market. I know dominance matters but I don’t believe this recent bull run as a real one. Think some big players have manipulate it to look bullish. Also tapering from the Fed reservation is likely to take place in the next month (Nov 2021). Generally I don’t think it’s a good time to buy and hold but scalp is ok at this significantly important time.
Cenotaph
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@Ehsan_1982 funny you mention the fed and a fake bull run in the samr sentence. You do realize a lot of the gains in USD are because of inflation and fist risk avoidance? Where's the evidence this run is fake?