- BNB proved to be the strongest high-cap altcoin, and that’s why I expect an explosive move if the bulls break the major trendline!
- The stock market is crashing pretty strongly, but the crypto market is extremely durable, which is awesome, isn’t it?
- You probably don’t want to buy BNB right now, because we are very close to strong resistance and there is a chance to go lower. First we need to make a new high above 300 USDT.
- The chart is printing a , a on the , so it’s best to wait for a breakout.
- The next major resistance is at the previous all-time high, which is around 692 USDT, but I believe we will go higher in the future.
- According to my analysis, we have started the new uptrend with a pretty strong impulse wave, which is a great sign of strength. A major ABC correction has been completed successfully as well.
- The BNBBTC pair is at the new all-time high already, as I informed you in my previous analysis. Also, the BNBETH pair is very .
- I expect tremendous gains for selected altcoins (BEL, QNT , INJ, SUSHI ). You can find them in the related section down below.
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.