We are in wave 3. The graphic shows the next minimum targets at 100, 123.6, 161.8. If it goes above, wave 3 is in extension and we can go to 200, 261.8, 361.8 and more. BNB to the moon!
This symmetrical triangle breakout is a much needed move up....let's hope the previous daily trend corrects itself and continues. Either way this is at least a good day trade in my opinion.
BNB is gaining strength as the great Satoshi Bears move in to weather the price retreat on the BTC horizon. Won't you join us as we cross the mountain of increase once again and head back to the comforts of the caverns of great gain; I'm sure you will like it there.
Let me ask you a few questions? Can you point to another crypto (or stock for that matter) doing this well? Another Question; given the relatively short amount of time the candles on the left represent (weeks) do the ups and downs of the candles on the right (days) really amount to anything other than white noise as far as investing goes? So unless you are...
This upward trend and these moving averages are looking like some great things are happening as we see BTC and it followers retracing; could it be that holding BNB is the new ctypto-currency hedge-fund strategy :)
Watch this candle at closing. You know how to read charts, and you see multiple reasons for caution just like I do (oversold, possible double top , falling volume )....be careful out there; that's a lot of profit to give back! It's better to miss out on a few more bucks than to lose a whole lotta bucks (go ahead, put that Fibonacci retracement tool on it and see)....
The Stoch RSI is starting to show a bearish divergence, and there is a double top, and there has been an extremely long uptrend (105% 0n the month, 50% on the week, and 12% on the day) so this is a crucial time to watch and consider moving into a stable coin if need be. But, on the other hand, one oscillator alone showing divergence is usually a false sign, so...
When your not currently in a trade, why wouldn't you leave your crypto in BNB. When everything else went down (average was -80%) in 2018, BNB was up 11%. And look at this recent daily chart....WOW 3X in 2 1/2 months! So do yourself a favor and let your coins rest easy in BNB and we can get it even higher! And please no lectures about the virtues of BTC; your not...
When your not currently in a trade, leave it BNB!!! When almost everything else went down 80% in 2018, BNB was up 11%, and look at this recent weekly chart...WOW...so do yourself a favor and let your coins rest easy in BNB and we can get it even higher, and besides there are no taxable transactions if your not trading in USD, and Binance will give you a discount...
