Ecosystem Buff-- BNB

Many tokens have fallen sharply, but BNB has once again exceeded 600 during the rebound. Although the SEC’s charges against Binance will bring uncertainty to BNB, we have to admit that BNB is one of the tokens with a strong ecosystem buff in the market.

In the bull market, Launchpad has brought additional benefits with less risk than other DeFi activities. And last week Binance launched Megadrop. Get extra incentives by increasing the utility of locking BNB. This undoubtedly allowed BNB to outperform other tokens over the last week. Compared with tokens such as SOL and MATIC, BNB has CEX with the largest trading volume and top-ranked chain support, and has a high risk resistance. But it should be noted that the SEC is the biggest risk point for BNB. Although CZ is no longer the CEO, we have seen many times that when a protocol has reached a certain scale, the SEC will pay more attention to it. Recently, UniSwap received Wells Notice is one example.

Returning to our indicator analysis, the TSB indicator prompted a BUY signal on December 15. After that, BNB started to rise like most tokens on the market. In March, after BNB broke through 600, it began to fluctuate. During the fluctuation, we can see that the column touches the wavy line in the TSB indicator many times, and then the bulls strengthen. This is a classic case. Before the TSB indicator gives a SELL signal, the wavy area will provide support. At present, BNB continues to maintain a healthy bullish trend.



Introduction to indicators:

Trend Sentinel Barrier (TSB) is a trend indicator, using AI algorithm to calculate the cumulative trading volume of bulls and bears, identify trend direction and opportunities, and calculate short-term average cost in combination with changes of turnover ratio in multi-period trends, so as to grasp the profit from the trend more effectively without being cheated.

KDMM (KD Momentum Matrix) is not only a momentum indicator, but also a short-term indicator. It divides the movement of the candle into long and short term trends, as well as bullish and bearish momentum. It identifies the points where the bullish and bearish momentum increases and weakens, and effectively capture profits.

Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies.

Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.