BNBBTC (Binance) finally pumping!
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BNB has been a sleeper relative to the other altcoins. It is finally waking up and starting to move. Likely to see continuation in this strength as BNBBTC has flipped from bearish to bullish on multiple timeframes. The next time i comes back down to the 200MAs, could be a good place to buy.
Fundamentally, Binance is strong as ever and Binance Chain and its defi ecosystem is also growing steadily. Should see strong use case for it in the near future.
DISCLAIMER: I am NOT a financial advisor and this post is NOT financial/investment/trading advice. I will not be responsible for any actions you take based on the analysis and comments that I provide. I am simply sharing what I am doing, and is not meant to be investment or trading advice. What you choose to do with the information that I provide is your own sole responsibility! The cryptocurrency market is extremely volatile, and you WILL lose all your money if you are inexperienced! DO NOT risk any money that you cannot afford to lose and always be cautious and manage your risk!
Please support me by liking, sharing, commenting, and following, and sharing your ideas and analysis below! Thanks!
BNB has been a sleeper relative to the other altcoins. It is finally waking up and starting to move. Likely to see continuation in this strength as BNBBTC has flipped from bearish to bullish on multiple timeframes. The next time i comes back down to the 200MAs, could be a good place to buy.
Fundamentally, Binance is strong as ever and Binance Chain and its defi ecosystem is also growing steadily. Should see strong use case for it in the near future.
DISCLAIMER: I am NOT a financial advisor and this post is NOT financial/investment/trading advice. I will not be responsible for any actions you take based on the analysis and comments that I provide. I am simply sharing what I am doing, and is not meant to be investment or trading advice. What you choose to do with the information that I provide is your own sole responsibility! The cryptocurrency market is extremely volatile, and you WILL lose all your money if you are inexperienced! DO NOT risk any money that you cannot afford to lose and always be cautious and manage your risk!
Please support me by liking, sharing, commenting, and following, and sharing your ideas and analysis below! Thanks!
Comment:
BNB really took off right after posting this.
