Here we have a very simple, short term quasi-analysis of BNB looking 11 days forward. Nothing special, except that I consider that price spike an anomaly and wasn't taken into consideration in the building of the steps, duration and percentage increases. The movement upwards of the asset is conservative at a 30 % + angle and not parabolic, so hopefully nothing extreme is anticipated such as an unanticipated price drop.
I have heard some noise about resistance levels, so you may care to take that into consideration, but all I can see at this point is a gradual move upward. Now our friends at Binance are always launching something new and exciting at their exchange which may effect this asset, in fact I believe they launched something today ? I believe I did a similar chart for OMG last week, that is working out well.
As always, your comments, criticisms and corrections are welcome.
Ward Weaire
Toronto, Canada
I have heard some noise about resistance levels, so you may care to take that into consideration, but all I can see at this point is a gradual move upward. Now our friends at Binance are always launching something new and exciting at their exchange which may effect this asset, in fact I believe they launched something today ? I believe I did a similar chart for OMG last week, that is working out well.
As always, your comments, criticisms and corrections are welcome.
Ward Weaire
Toronto, Canada
Note
Well as we see BNB did make it over the $31 briefly and then was repulsed downwards. All we can do is wait right now as it accumulates more strength to move back upwards. An exercise in patience and mountain climbing my friends. Hopefully the price will retrace this little drop quickly and we can get back to the business of climbing upwards. I should of included a channel in this chart. Ward Weaire
Toronto, Canada
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.