BNB // Time is on your side: 400$ before end of April!
Updated
BNB has seen a huge surge in the last month. It was so huge it caught me off guard.
Since we overshot a lot, we do see a extended correction / accumulation period; weak hands are almost shook out and we can resume the bull run.
Binance / BNB has such great fundamentals that you cant afford not have BNB in your portfolio. (research yourself why)
NOTES:
Time is on your side, the longer it takes to breakout, the higher the breakout will be.
BNB burn is coming in a few weeks which will again be the biggest BNB burn ever because of the record high traffic on Binance.
The Coinbase IPO is coming soon which is expected to be valued at max. 100BN, when the IPO launches and does great; BNB will surge aswell because its your only way to get exposed to Binance's valuation. I am more bullish on Binance than Coinbase because of Binance's technical infrastructure, adoption and BSC; this means for me that Coinbase and Binance should be at least of similar value. Which in the end means that BNB is undervalued. There are also rumours that Coinbase will launch a security token to get exposed to Coinbase but thats just rumour but could be true.
TA:
Look at green trend line and what happened when we traded below it last times; breakout and a new ATH.
Elliot wave correction is almost finished so she could have a "smaller" breakout this week already, if not; than a bigger one later on.
We could see a few weeks more consolidation or we could breakout tomorrow, its hard to say with BNB but when she goes, she goes.
Be careful with your leverage esp. on the BNB/BUSD pair, market makers love to stop / liq hunt you and Binance is in control of both assets in this pair; so better USDT imo.
Dont over leverage and drop your stop loss in profit when we see a confirmed breakout. (wait for a confirmed breakout with volume!)
REMARK: there is potential of us remaining bearish until the Coinbase IPO or BNB burn but I believe at least a decent breakout should be on by the end of the HUGE blue triangle. Be patient!
BTC DOMINANCE: BTC and BTC dominance is coming down (see my charts linked below) which means this week will be a very bullish week for alts IF(!) BTC consolidates and stops being crazy volatile for the short term.
IMPORTANT: this is not financial advice, just my opinion, trade or invest at your own risk and research / dd.
Since we overshot a lot, we do see a extended correction / accumulation period; weak hands are almost shook out and we can resume the bull run.
Binance / BNB has such great fundamentals that you cant afford not have BNB in your portfolio. (research yourself why)
NOTES:
Time is on your side, the longer it takes to breakout, the higher the breakout will be.
BNB burn is coming in a few weeks which will again be the biggest BNB burn ever because of the record high traffic on Binance.
The Coinbase IPO is coming soon which is expected to be valued at max. 100BN, when the IPO launches and does great; BNB will surge aswell because its your only way to get exposed to Binance's valuation. I am more bullish on Binance than Coinbase because of Binance's technical infrastructure, adoption and BSC; this means for me that Coinbase and Binance should be at least of similar value. Which in the end means that BNB is undervalued. There are also rumours that Coinbase will launch a security token to get exposed to Coinbase but thats just rumour but could be true.
TA:
Look at green trend line and what happened when we traded below it last times; breakout and a new ATH.
Elliot wave correction is almost finished so she could have a "smaller" breakout this week already, if not; than a bigger one later on.
We could see a few weeks more consolidation or we could breakout tomorrow, its hard to say with BNB but when she goes, she goes.
Be careful with your leverage esp. on the BNB/BUSD pair, market makers love to stop / liq hunt you and Binance is in control of both assets in this pair; so better USDT imo.
Dont over leverage and drop your stop loss in profit when we see a confirmed breakout. (wait for a confirmed breakout with volume!)
REMARK: there is potential of us remaining bearish until the Coinbase IPO or BNB burn but I believe at least a decent breakout should be on by the end of the HUGE blue triangle. Be patient!
BTC DOMINANCE: BTC and BTC dominance is coming down (see my charts linked below) which means this week will be a very bullish week for alts IF(!) BTC consolidates and stops being crazy volatile for the short term.
IMPORTANT: this is not financial advice, just my opinion, trade or invest at your own risk and research / dd.
Note
BNB UPDATE: BREAKOUT! We just broke out of the huge blue triangle; if the bullish trends continues over the next days we could set a new ATH soon! Remember: BNB burn is happing soon aswell which means even more upside! 400$ Is coming soon! (as said in the title)Note
UPDATE: fake out; we are staying inside the triangle for now, we are accumulating for a huge breakout now. See my next long. Just wow!Note
UPDATE: we have a breakout again. Lets wait for confirmation. MASSIVE long coming soon!Note
BNB UPDATE: Coinbase IPO is off the table this month and BTC is dumping. Both bad for BNB. Lets be patient and see where the market goes in the next weeks.
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