2021-04-27 23:39:19
BNB/USDT FREE UPDATE Are you ready for $999 -
Yello ladies and gents
We are bullish-posting you in the
free #BNB updates since 1 April (check here). At that time, 1 BNB was worth only around
$300.
After breaking the mid-term top at
$500, we now flipped it into support, and we can respect
$450-500 to keep holding as a strong support zone
(demand zone).
Zooming out on the higher timeframes, this uptrend is far from done!
$999 looks more and more likely by the day once re-accumulation is finished! On the way up, we can anticipate a weak resistance at
$650 and
$800.
As we enter the Asia session, we could see a further sell-off to re-test the green demand zone as BNB is now consolidating in what is favoured to be a wave 4 correction, and we could have just had our D wave done.
If there is weakness over the next day or so, it looks as the triangle is forming with a possible E wave dip to come, which would favour whales for buying the weakness and using the liquidity for another leg-up faster as per our projection in the chart.
With
ETH (papa of alts) looking as bullish as it is
(heavy swings at the highs, engineering liquidity without actually breaking down, usually a sign that a huge move up is still to come). We are
pretty excited about what
BNB will do next during this week.
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