After breaking out of the triangle and hitting the second natural TP zone on the fib, price has rejected the -27% area and we almost had a retest of previous ATHs.
BNB is on an uptrend, and can shoot straight to the -61% zone, however as you've seen and probably felt, pull backs are still possible on the most bullish coins.
I'm long on BNB all the way, however I wouldnt be surprised if we have a better test of the previous ATH and then continue upwards, even if its just a wick.
As with all ALT coins, we must pay attention to which coins move in the same patterns, and the reaction these coins have with BTC drawdowns.
Coins that move with BNB include CAKE and YFI from what I can recall. Along with other exchange coins such as FTT. If they show bullish signs, then it's likely BNB will also.
Fundamentally, BNB along with other exchange tokens should show some bullishness at the listing and IPO of coinbase.
Let me hear your thoughts and insights, they are always welcomed even if you dont agree with me.
BNB is on an uptrend, and can shoot straight to the -61% zone, however as you've seen and probably felt, pull backs are still possible on the most bullish coins.
I'm long on BNB all the way, however I wouldnt be surprised if we have a better test of the previous ATH and then continue upwards, even if its just a wick.
As with all ALT coins, we must pay attention to which coins move in the same patterns, and the reaction these coins have with BTC drawdowns.
Coins that move with BNB include CAKE and YFI from what I can recall. Along with other exchange coins such as FTT. If they show bullish signs, then it's likely BNB will also.
Fundamentally, BNB along with other exchange tokens should show some bullishness at the listing and IPO of coinbase.
Let me hear your thoughts and insights, they are always welcomed even if you dont agree with me.
Trade closed: target reached:
more room to go.
These analyses are my personal view on the market.
Always assume my investment risk tolerance is higher than yours
I’m here to make money, not hold your hand. Never blindly trust any analysis you see online because it fits your bias (including mine).
Always assume my investment risk tolerance is higher than yours
I’m here to make money, not hold your hand. Never blindly trust any analysis you see online because it fits your bias (including mine).
