Paul_Erasmus

BNB Pennant Indicates 200% Short Term Gain

Long
BINANCE:BNBUSD   Binance Coin / US Dollar (calculated by TradingView)
The chart pennant is a perfect 45 deg . The pennant's flagpole gave a 224 point gain which if mirrored will give 200% gain.
Why is this likely?
1 - Currently Binance's Smart Chain is outstripping Ethereum with it's miserable network state and fees.
2 - Binance (IMHO) are one of the most innovative, informative and trusted exchanges out there whose 'numbers' have been expanding rapidly.
The combination of an excellent company and the current failings of Ethereum , together with the massive growth of all things crypto, BNB makes for a very good opportunity for both investor and trader.
Comment: Perfect Target achievement which is now forming good support for the next leg up to 600 (See related idea)

Comments

Great analysis
+1 Reply
Paul_Erasmus Chibuike_Odoh
@Chibuike_Odoh, Thanks Bud
Reply
spot on its going to the moon
Reply
Paul_Erasmus mohammediqbal61429
@mohammediqbal61429, Thank you and I do believe so - To the Moon and beyond!
Reply
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