BNB/USD - Path to $500 is set. Then $1,000. Can it flip ETH?
BNB is UNSTOPPABLE. Can it flip ETH?
If there is one coin that can do it that is BNB. However for that to happen price has to increase by at least 3.7x times or BNB has to go above $1,500 a coin.
Seems a bit unlikely and if ETH pumps it will be even harder. Until then, BNB has a very good chance to reach $500 which is a very reasonable target considering the current price action.
As you can see we made the $300 level support after it was resistance. This is very bullish and cleared the way much higher.
Indicators are bullish and we should have a nice continuation in price, especially since todays candle is a very bullish one = bullish engulfing = the body of today's green candle is larger than yesterday's red candle = BUY / FOMO.
There is still some nice room for price to grow, so longs in this area can net some good gains. But once we reach $500 I'd be careful.
Bias remains very bullish still.
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If there is one coin that can do it that is BNB. However for that to happen price has to increase by at least 3.7x times or BNB has to go above $1,500 a coin.
Seems a bit unlikely and if ETH pumps it will be even harder. Until then, BNB has a very good chance to reach $500 which is a very reasonable target considering the current price action.
As you can see we made the $300 level support after it was resistance. This is very bullish and cleared the way much higher.
Indicators are bullish and we should have a nice continuation in price, especially since todays candle is a very bullish one = bullish engulfing = the body of today's green candle is larger than yesterday's red candle = BUY / FOMO.
There is still some nice room for price to grow, so longs in this area can net some good gains. But once we reach $500 I'd be careful.
Bias remains very bullish still.
Like and follow if you liked this idea! Also join my crypto community to stay in touch!
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