Many fundamental factors suggest that the BNB is currently undervalued!
Let's look at some of them:
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Spotted potential Descending triangle pattern with price moving down in a mini downtrend channel which break down and we are waiting for a re-test on the channel body before the next leg down to test out our proposed accumulation zone.
Looking closely on the previous trading pattern it shows whenever it touch those trendline price always resulted in serious...
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you decide based on this news:
Leading global cryptocurrency exchange, Binance, and the world’s leader in the issuance of cryptocurrency Exchange-Traded Products (ETP) Swiss firm, Amun AG, are excited to announce a unique partnership between the two companies to launch a BNB ETP on the regulated segment of the SIX Swiss Exchange....
Good situation for growth. The long pattern in the upward trend and the pullback, which forms a downward trend, is the only one, only at an acute angle.
This can mean 2 outcomes:
1) A strong impulse and a long growth to 30. But here the MA50 is ugly in terms of growth ratio behaves. Ideally, see a new trend formation, that is, a banal intersection of MA50 from top...
Updated chart for BNB/USDT. RSI is above 50, which is a bullish sign. Right now we are testing the upper border of the falling channel. Targets are still the same(1st target is around $20, 2nd target is gonna be between $24-26). Good luck everyone!
After 160 days corrective movements I see a possible bottom at level 14.30 - 14.80.
Now looking at levels ~16.50 - 16.60, if BNB recieve support, the price will start to rise.
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