Peymana71
Long

BNB,Binance Coin.Believe me,this is FUTURE.

BINANCE:BNBUSDT   Binance Coin / TetherUS
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
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.

Comments

I see this ascending triangle + I also talk about the overall state of the market in this idea:
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Just for you guys to know....

thank me later...
sell guys
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Gustavo1111 Gustavo1111
@Gustavo1111, good isnt it?
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Is it breaking the support line? Its falling since you made this update, will this hold here?
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Bro we can buy from 13.9$?
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Only you forgetting owning BNB you dont own piece of Binance. Yes if you have many affiliates you can double on their fees(that wont be permanent i am sure) and currently you can trade 50% cheaper(but that goes to 0% in time also--> we know timetable is out there). Believe me,this is FUTURE is huuuuuge statement for title lol! Just saying is not all roses.
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Peymana71 s3cr3t44
@s3cr3t44, Not to want open here what my mean about future,it's enough that without binance many people have to forget trading crypto in freedom with cheap fees,i can't trust in Bitfinex or any exchange out there but i saw binance progress everyday.Here we talk about future in market not future of world.In this market more expert traders wish we reach a point that every asset move by it's fundamental and can imagine a future for it with its own technical path not BTC movements.Till now we had nothing but in bnb you can see clearly that it's want to make future for itself independent.Can't say it's just a coin and we don't own binance share with it.its not even a logical concern,we don't own nothing by joining every ico or asset out there,it's a fairy tale that people think they own shares by investing in a coin but there is difference too.Between many coin you just have BNB that support by a strong system,maybe in future we see more like TON(from telegram) but now we just have some imaginary white papers and projects that are just a plan now.
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