The criteria for an additional drop from our last analysis were met, BNBBTC closed below EMA50 and the price continued falling and found support at EMA200 (orange line).
Now, let's take a fresh closer look at the Binance Coin vs Bitcoin (BNBBTC) chart and see where Binance Coin is headed.
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Binance Coin vs Bitcoin
The Bitcoin chart wasn't only one chart that can be analysed based on historical data. Another one is BNB where we can see an ascending channel. Taking into account facts that Binance is going to launch a Margin Trading platform and continues promoting their coin - we can be sure that this channel won't be broken.
As many people have already mentioned - there is...
BNB situation is really important. if it cants stabilize above 40000 we should say goodbye to it for a long time. It needs a deep correction.
Stop loss 40000
Time analyze: we have three important time cycles and date upcoming:
I expect important and strong price moves from these dates.
So the large inverted cup and handle (1) came out confirmed. The push for BTC and the resulting altpocalypse, plus the Binance hack were definitely factors.
so where next?
There was a second smaller IC&H (2) on the way down that had similar volume properties to the first. Added to the 1st one that takes it down even further.
whilst BTC remains dominant BNB...
In Weekly TF BNB Is Looking Bearish So It's Better To Wait For Entry..
All Indicators Are Bearish So Stay Safe.. (MACD + RSI + RVI)
New Entry Zone 310-330 Sats Area
Next Target Will Be New High If Broke The Uptrend Resistance..
What Is BNB ..??
From the ICO, Binance issued its own coin called the Binance Coin, with BNB as the symbol. BNB...
We shared an update about a week ago for Binance Coin vs Bitcoin (BNBBTC).
For us cryptocurrency lovers Binance Coin is like Bitcoin, we have a love-hate relationship with it. We love it no matter what, and we hate when it is going down. So we are always happy to share when there are bullish signals and things are looking up. I dislike sharing bearish anything...
I want to talk about the Token of Binance Crypto Exchange. Changpeng Zhao CEO Crypto Exchange in the world.
They solved a lot of problems for traders.
You couldn’t be able to cope with the unloading and lagged all the time at the moment when there were big movements, such as Poloniex, Bittrex, Bitfinex. Who remembers remember this.
We’ve gotten a lot of...
This is an update to my BNB analysis after the top.
Looks to be in a wave 4, possibly starting wave 5.
This could possibly be just A of an ABC (unlikely).
The dark blue path is what I think is most likely.
The light blue path is a more bullish possibility.
Also possible that we reverse as is (unlikely).
See my Top call below, after which it has been...
Based on Gann method
we are now at the major resistance for BNB and the current price is the top for the next several weeks
i advice everyone to sell it now , and re buy it if the price make a stable above today's candle