Hive coin is decentralized information sharing network & was launched only March 20th, 2020,.
Hive has 391 millions in circulation & a marketcap at only 300 million for now. Believe me this marketcap will increase over time to 500 million to 1 billion or more. The coin is now worth $0.74 cent but will increase in the next week or couple months to around...
Here is the 4hrs chart on Binaince Coin. BNB has tried many times to hit resistance here!
- BNBUSDT is consolidating in a descending triangle pattern.
- I think relatively a big move is imminent if we breakout the descending resistance
POSSIBLE PRICE ACTIONS
- Uptrend ⬆️: breakout above the descending triangle inclined resistance.
- Downtrend ⬇️:...
On the 4 hours previously we broke above descending triangle nicely. circled white!
Right now we have a strong resistance and I believe we might be able to break through long soon.
Comment your ideas too and share your thought guys! like for more!
BNBUSDT I think is making Ascending triangle Pattern - is not fully formed yet.
Just watch out I think it will continue to claim up to resistance and we can easily take advantage of either way breakout :)
Be smart and just wait guys!
I think Binaince BNB coin can break below the 205 to even 164 before a new breakout.
Will have to watch if it breaks below the 205 first and see what Bitcoin does for now. Also remember the ending month retracement or the new monthly wick formation can break below the 164 support line. Everything is iffy till next week 1st March :) For more analysis pls like & follow
In the next couple days BNB coin will range to close above or below the 200 mark. I wouldn't be too worried about the bearish momentum if your holding the coin. It always ranges when the monthly candlestick is closing. So just be careful in taking trades for now. Follow & like pls :)