$BNB Forming A Falling Wedge Pattern! Bound To Hit New Highs!
Binance Coin (BNB) provides access to various features on the Binance exchange. There are so many use cases for BNB which makes this a lot more bullish and many more reasons on why we will see some newer Highs... Binance has added several services over the past few years, including; margin and futures trading, BGBP and BUSD stablecoins, OTC for the Yuan, lending, staking, and savings. One great thing that everyone loves about BNB is the minimal fees that it has whereas Ethereum fees are ridiculous at these times and trying to swap between different ERC-20 tokens sometimes can cost over $100+ in fees.
Right now BNB is forming a bullish pattern - Falling Wedge and it looks like its bound to break-out anytime soon. We may still get one last pull-back towards the bottom of the falling wedge but as long as we find support we should bounce back right up... Once this pattern has fully broken out our next target would be around $680!
If you dont have any Binance Coin , I would say atleast having 1 would be a nice play as in the long-run i can see these in the thousands.
Right now BNB is forming a bullish pattern - Falling Wedge and it looks like its bound to break-out anytime soon. We may still get one last pull-back towards the bottom of the falling wedge but as long as we find support we should bounce back right up... Once this pattern has fully broken out our next target would be around $680!
If you dont have any Binance Coin , I would say atleast having 1 would be a nice play as in the long-run i can see these in the thousands.
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