BNBUSDT BNB BNB.D Technical analysis :
BNB is one of the most challenging charts to analyze. I will try to decypher the hidden patterns.
The BNB was in accumulation range for more than 1 year. The blue parallele channel limits the price movement.
Today, BNB is trading in the historical distribution level presented by the green rectangle. This shows the solid accumulation.
Psychological analysis :
The BNB was holding very well during recent BTC decline, which make It very attractive for investors as the project and the platform are strong. BNB will always be holding good as the platform is still attracting more and more traders all around the world. If Binance is not OK , all crypto market will be impacted.
Risks :
- Gorvernment fighting the platform
- Hacking
Rewards :
The main target of BNB is $850. If this level is broken with big volume, the next target is $1,000.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.