Binance Coin (BNB) UPDATE MAY 2024Hello Friends.
How are you?
today I wanna publish a new analysis of BNB
It's not financial advice. please just read and do based on your strategy.
Let me tell you something first. The market moved more than I thought. and it's really strange. when Bitcoin passed 42800 because Bitcoin did not react to this order block.
let's not go into details.
I used the Fibonacci channel. As you know, when we want to draw a channel, we need two points at the bottom and one point at the top.
so, I drew a channel line. and finally, the price succeeded in breaking the top of the channel.so I activated the second channel line.
we see the second channel line stopped the raising. and we had a very powerful pressure of selling. As a result, the price dropped to the top of the first channel line. and then the price raised to complete the pull-back to the broken midline and I expect to drop more.
the first target is around 226 USD the second one is around 85 USD and the last one will be 35 USD.
*** important notice:
Finally, wait until the price reaches $35. The price movement in recent months is not important to me because I believe that the price should reach around $35
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I'm still counting on my pre-analysis and I believe that the best place to buy and hold Binance-coin will be the 3rd one. and the price will touch that place at a few months later. I'm sure about that.
Please don't be fooled by Twitter and Instagram influencers. That's all.
please think about that carefully. and know that Opportunities in the market flow smoothly like a river.
Please don’t forget to write your comments ✍️✍️ like 👍👍 and Share 👌👌 this vision with your friends.
And Tell me do you agree with me or Not?
Please don't hesitate to write your comments below.
❤️❤️ Wish you the best ❤️❤️
Sincerely Yours
Ho3ein.mnD
