BNB Great profit potential
Updated
Binance announced that they going to burn roughly 30 M USD worth of BNB coins and by looking at the weekly chart we should see a bounce in 7-10 days
i think that will time with a good pull back on BTC in the bull run i think BTC will hut the 8 K then BNB will rocket great potential don't rush into BNB now you still have time
i think BNB will go down a little lower to the mid 0.0017s
your confirmation will be a dildo from the 0.001750 to the 0.0019- 0.0020 after that it will be a smooth sail
another thing to look at is the RSI as soon as it hits the red bottom line i would buy and sell win it hits the green one :)
and remember don't you ever buy in 100% one shot level your buys and the same thing with your sells
and keep an eye on the volume avg line the little orange line a nice green candle touching that line or going above it will be a good confirmation
with the other stuff i mentioned
HaPpy Trading :) :)
i think that will time with a good pull back on BTC in the bull run i think BTC will hut the 8 K then BNB will rocket great potential don't rush into BNB now you still have time
i think BNB will go down a little lower to the mid 0.0017s
your confirmation will be a dildo from the 0.001750 to the 0.0019- 0.0020 after that it will be a smooth sail
another thing to look at is the RSI as soon as it hits the red bottom line i would buy and sell win it hits the green one :)
and remember don't you ever buy in 100% one shot level your buys and the same thing with your sells
and keep an eye on the volume avg line the little orange line a nice green candle touching that line or going above it will be a good confirmation
with the other stuff i mentioned
HaPpy Trading :) :)
Note
The News about the ETF for BTC has broken the trend line for BNB simply because people are pulling money out of it + the VIP program that binance introduced technically BNB eill be worthless in 3 years because binance won't give any reduced fees for trading using BNB and the VIP program will be good for wheals lets speak treading now
our next support line is around 0.0015220
now this is no treading zone for me i am 100% out of BNB and i am in BTC
1)if the ETF does NOT get approved we going to see a crazy selling in BTC most likely people will be going into Tether or BNB
2) ETF gets approved and BTC will jump like no other and BNB will keep going down
this is the 2 case scenario
now despite all of that keep your eyes on the RSi line when it gets closer to the RED line
And keeps track of the ETF news
Remember Stop loses are your best friend
HaPpy treading :)
Note
For some reason the RSI Graph id stuck here it's not updating but you can open it your self to check it out as i said the RSI line hit the red bottom red line and it starting to bouncing of it the volume still a little low but it's picking up with all the binnace coin voting i my self picked up some around 0.0016
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