BNB Long to $423! (Because BNB is better than ETH)
Given that there is a lot of chatter about ETH being too expensive to use, BNB is being pitched as the alternative to ETH in the DeFi space. With that said lets take a look at the BNB/ETH pair to see if we can find a meaningful growth target, that we can then translate to USD on the BNB/USD pair.
Using our Trend Based Fib Extension, focused on the previous ALL TIME HIGH, we can see from the BNB/ETH Pair that BNB is gathering more value against ETH.
Target 1 at 332
Target 2 at 423
Using our Trend Based Fib Extension, focused on the previous ALL TIME HIGH, we can see from the BNB/ETH Pair that BNB is gathering more value against ETH.
Target 1 at 332
Target 2 at 423
Note
The BNB/ETH Comparison chart should have some markup on it ! Damn you trading view!Draw it yourself. Monthly. Fib Extension.
Bar1 - 0.004006 - 0
Bar2 - 0.146708 - 76
Bar3 - 0.028535 - 197
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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.
Related publications
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.