I will keep this "short" :-)
As you can see on BNBEUR 1H BINANCE a bearish divergence has formed with an ascending channel.
Great opportunity for shorting or buying on discount!
Wait for confirmation - close below the channel and quite possibly a retest to it before heading lower.
Green dashed lines are possible buy levels.
As always this...
On the 15-minute chart, I see 3 possibilities for Binance Coin versus the Euro:
1. Ending diagonal followed by a retarcement at least to (1).
2. Leading diagonal with breakout to new highs after (5)
3. Breakout to new highs after (3).
Looking at the two very large green volume bars during wave (3), I'm leaning toward possibility 1, as I think the correction...
Based on the bullish uptrend BNB is actually living, I would not consider any massive correction before a while.
I suppose prices will retrace to 350 per BNB before going further up. However this will not stop BNB to continue growing in large numbers.
Like if you agree, comment if you have feedback
Kevin C. Best
BNB have seen a very rapid and abrupt surge in the recent time, for this reason is very complicated to find what will be support or resistance levels. I think in the past few days we have seen the bulk of profit takings and now we are ready for a new surge in the price. As I was saying the surge has been abrupt and extremely fast for that also the fell has been of...
There is clearly a flag forming on the BNB valuation. The question is on which side it will go. The coin fatigue suggestr a price going down. But the hype around the Binance Smart Chain, the PancakeSwap and the Binance burning makes me think the opposite. What is your opinion about it?