MMBTtrader

BNBUSDT again 50% correction ahead and retest Fibonacci levels ?

Short
BINANCE:BNBUSDT   Binance Coin / TetherUS
History always repeats itself
As we can see we had huge rise and pump that we talked about and took nice profit before any sign of weakness that is appear now on chart:

we may have great amount of correction like previous time that you can see on chart and even more too .

But one more important thing that should consider now is this that BNBUSDT is so Bullish now and may surprise us and again we may have rise to the target that shown on chart now (750$).
Targets for this correction are :
A. 480
B. 440
DISCLAIMER:
1.trade carefully and have stop loss for sure
2.Past performance is not indicative of future results.


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Comments

let's not forget....there should be a token burn update this week. i just looked at the daily transactions chart for BSC. the volume since January is crazy, from about 500k per day to 5M per day. I expect an even bigger burn than the last one.
+5 Reply
@bgogolf i think that even there will be burning BNB, that's not mean the price will be high
Reply
@bgogolf and dilluted market cap of BNB are still undervalued compare to XRP 👌 The 15th burn gonna biggest burn ever, like you mentioned, transaction Q1 2021 on BSC is crazy 👌
Reply
yea possible short term correction/pullback before the next up move :) thx
+5 Reply
MMBTtrader jojofang0901
@jojofang0901, thanks A LOT bro
+1 Reply
Cz said it he said when ever coin is burn price is expected to rise.
Check his Tweeter handler for that
+4 Reply
Splendid chart!
+2 Reply
do you think is a good time to buy? or waiting? which price is OK for buy?
+2 Reply
great idea
+2 Reply
10000% agree
+2 Reply
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