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    Technical analysis

    Binance BNB – Stronger than ETH! Best time to buy?

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    BNB on the daily chart
    • As I mentioned in my previous analysis, BNB hit a new all-time high on the BNBBTC pair, which is an extremely bullish event!
    • Also, BNB is stronger than ETH, and as per my analysis of the BNBETH pair, the uptrend should continue into next year.
    • On the daily chart , we can clearly see a falling wedge pattern that has been destroyed by the bulls recently. Now we are “retesting” the pattern.
    • My Elliott Wave analysis suggests that a major ABC correction has been completed and we have already started a new impulsive wave to the upside. Currently, we are in the second corrective wave.
    • Binance coin is definitely a great choice and with an upcoming alt season, this altcoin will perform much better than Bitcoin .
    • https://www.tradingview.com/chart/BNBUSDT/PCq85r4Z-Binance-BNB-Stronger-than-ETH-Best-time-to-buy/
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    Professional trader and analyst. My specialization is in Elliott Wave Theory, Fibonacci tools, chart patterns, candlesticks, and price action. To analyze market structure, I use market profile and volume profile in my trading system. To analyze trends, I use trendlines, VWAP, and simple moving averages.