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.
I am just publishing this to watch it play out. I am not in this trade at this time.
It seems to me that we have one more wave up to complete the count. Volume has continued to increase and there isn't bearish divergence just yet on the weekly. Speaking of volume, the supply volume on the drop in the current blue TR was low, followed by much stronger demand...
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...
It has been way too long since we’ve had a Binance Coin price analysis! This one is a bit interesting because so much of the positive price action for Binance Coin has been predicated upon F..A, rather than strict technicals.
In addition, the volume for Binance Coin has been through the roof as well this year and $BNB is the best performing coin out of all major...
$BNB Pushing up on the BTC pair (ATH on USD already...)
Reached resistance level at .0043 sats w/ little rejection till now...
Flipping this level could lead to a retest of ATH against BTC pair
Volume is rising
Coin burn coming on June end.
Hold it and ride it
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
BNB just broke out on the daily and with margin trading around the corner i think this utility token will only get more valuable. The quarterly token burn is also a little under 3 weeks away which could give another boost.
BNB chart update
Even though BNB is overbought at 4H timeframe, here at day chart it look really bullish. Volume pushing it up testing 440 resistance. If it won't
pullback below 436, we might see it growing for more. Main targets would be 455 and 470. If retrace, than buy back zone it around 410.
Price moving in a very strong rising wedge with Oscillating indicator signalling optimum overbought. With all indication pointing to a little more upside move before correction will set in. But this will be hard so we should not expect massive dump but rather a slow moving corrections.
Keep an eyes on my marked area with dangerous zone.