Garabet

What's ahead for BNB, Binance Coin

Garabet Updated   
BINANCE:BNBUSDT   Binance Coin / TetherUS
Hi everyone!

I believe that BNB has completed It's own month long bull run at 3rd of April and It's currently in a correction wave. This correction pattern possibly ends up around 0.236 Fibonacci level of 10.41$

As you know, the value of BNB correlates with BTC and I predict that neither of these coins loses more than 16-18% of their current price before next major bullish movement for the crypto market starts. So, I predict that the bottom price for BTC will be around 5800$ and the lowest value for BNB will be around 10.4$ and then we will probably witness the start of bull market run after that.

Let me know what you think by commenting below :)
Comment:
- BNB continues to drop in value along with BTC as it has been shown as ABC correction on the chart
- Binance coin burn at 15th of April

Short term: Bearish
Medium term: Neutral to bullish
Long term: Extremely bullish!
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