BNB,Binance Coin.Believe me,this is FUTURE.
Hi Guys
Lets take a look to BNB,believe me this is one of the rare coins out there that is really usable.This is what that we can count on it,not like BTC and other Alts with exactly similar chart to BTC.
Yes,this is one of rare assets out there that have an independent movements,many people out there believe that it move exactly opposite than BTC but i don't think in it in that way.
As you can see in my chart BNB have a Upward reliable channel from Feb.If it moved against BTC, it couldn't form this clean upward channel and we have a mirror chart of BTC now.
In this chart you can see how BNB had healthy reactions in each Fib levels,and after it retrace itself from ATH in fib 78%,start a Ascending Channel and moved forward.
We had a higher upward line for this channel bottom(black dotted line) but as you see we go little lower to form this channel little wider.In RSI we have a similar movement and now we are to test that level again and i expect a bounce here.
Let's zoom in little,we have a bullish wedge here and actually we bounced from it and now testing it as a Support.We have black dotted line above us that play as resistance now.We need to break it first and after that we will close to our last ATH soon.
In crypto market this kind of healthy charts like miracle and i really think this will be one of the most successful coins we have in market.Don't remember that its coin of biggest and healthier crypto market out there that plans to add more tools and assets to market,Binance plans to make first decentralized market in world,honestly,forget the hype,if they can do it,it will be a revolution in market.
Don't forget to like this idea,thanks again to read my analysis.
Good Luck
Peyman A
Lets take a look to BNB,believe me this is one of the rare coins out there that is really usable.This is what that we can count on it,not like BTC and other Alts with exactly similar chart to BTC.
Yes,this is one of rare assets out there that have an independent movements,many people out there believe that it move exactly opposite than BTC but i don't think in it in that way.
As you can see in my chart BNB have a Upward reliable channel from Feb.If it moved against BTC, it couldn't form this clean upward channel and we have a mirror chart of BTC now.
In crypto market this kind of healthy charts like miracle and i really think this will be one of the most successful coins we have in market.Don't remember that its coin of biggest and healthier crypto market out there that plans to add more tools and assets to market,Binance plans to make first decentralized market in world,honestly,forget the hype,if they can do it,it will be a revolution in market.
Don't forget to like this idea,thanks again to read my analysis.
Good Luck
Peyman A
Comment:
Hi Guys,look like BTC push BNB down too,we are broke an important support now and need to come back to channel soon,we are in final levels of this Support area.if BNB can't break resistance above we will have a bad result for it.
As you see i take a look at chart more paranoid and i want to show a bearish wedge scenario now,if we can't hold this area and come back soon it's proof that we formed a big bearish wedge instead an ascending channel.