In my first analysis on BINANCE COIN, I had highlighted the upside impact of the huge "hype" he received from 03-20-2018, on the announcement of BINANCE CHAIN + BINANCE DEX. And I made a connection with a similar new "hype" on the same ad renewed in late January 2019 by Changpeng Zhao (nicknamed CZ), the CEO of BINANCE.
Announcement made by chance by CZ breakout of the great falling wedge, that I put you today in evidence. Good game ! (unless everything is coincidental...)
As expected, result without appeal: Brutal pump for BNB particularly lucrative compared to other cryptos, who had more overall trouble in getting rid of their bearish trend of 2018.
But what I also highlight to you today is that the target of this breakout, calculated as usual on the Wedge's internal amplitude, has been reached in recent days at $ 20.
It seems to me difficult to go in the short term to higher ones. Worse, the correction now seems inevitable.
Because who says target reached for traders, says profit taking (TP)!
Announcement made by chance by CZ breakout of the great falling wedge, that I put you today in evidence. Good game ! (unless everything is coincidental...)
As expected, result without appeal: Brutal pump for BNB particularly lucrative compared to other cryptos, who had more overall trouble in getting rid of their bearish trend of 2018.
But what I also highlight to you today is that the target of this breakout, calculated as usual on the Wedge's internal amplitude, has been reached in recent days at $ 20.
It seems to me difficult to go in the short term to higher ones. Worse, the correction now seems inevitable.
Because who says target reached for traders, says profit taking (TP)!
Trade active:
Hype of this altcoin more intense than expected, but Pump & Dump finally validated with Bitcoin that puts order in more than 2000 scam-coins. It was time !
