- 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 descending broadening wedge , a bullish pattern on the daily chart , 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 Elliott Wave 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 bullish .
- I expect tremendous gains for selected altcoins (BEL, QNT , INJ, SUSHI ). You can find them in the related section down below.
BNB Binance – Explosive move soon!
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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.