I do think that BNB has still got upward momentum, but we need to wait out this consolidation. Entry around 292
Given that there is a lot of chatter about ETH being too expensive to use, BNB is being pitched as the alternative to ETH in the DeFi space. With that said lets take a look at the BNB/ETH pair to see if we can find a meaningful growth target, that we can then translate to USD on the BNB/USD pair. Using our Trend Based Fib Extension, focused on the previous ALL...
Last time there was a big rally the price followed the Fibonacci Speed/Resistance Fan. It'll probably do the same here, all the way to $272 !
Bitcoin is forming a symmetrical triangle, and we could see retracement to 42k before then shooting the 52k
But when to enter the trade ? BTC Is retracing to what should be 50%, and then we'll see it make another zig zag inside the triangle before another boom ! A quick 10% trade inside ?
Cardano moving against the trend in the last 24hrs, but after touching the 100bar SMA, things could get interesting.