It has been more than a while, in fact March 11 2021, since I last analyzed the Binance Coin:
Ever since it hit the Target Zone, it fell into a Correction and new Accumulation Phase like the rest of the market. A similar Accumulation Phase that we last saw within September - December 2020. BNB was under the pressure of Lower Highs, but still within a Channel Up. This trend-line broke, once the CCI on the 1D time-frame started forming Higher Lows. That was when the price put all the dynamics in motion to initiate the January - February rally.
Almost a year later, the price has started again to meet those very same conditions one by one. Once the CCI makes its first Higher Low, it will be our confirmation to buy BNBUSD for a new February rally.
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Ever since it hit the Target Zone, it fell into a Correction and new Accumulation Phase like the rest of the market. A similar Accumulation Phase that we last saw within September - December 2020. BNB was under the pressure of Lower Highs, but still within a Channel Up. This trend-line broke, once the CCI on the 1D time-frame started forming Higher Lows. That was when the price put all the dynamics in motion to initiate the January - February rally.
Almost a year later, the price has started again to meet those very same conditions one by one. Once the CCI makes its first Higher Low, it will be our confirmation to buy BNBUSD for a new February rally.
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** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
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👑Best Signals (Forex/Crypto+70% accuracy) & Account Management (+20% profit/month on 10k accounts)
💰Free Channel t.me/tradingshotglobal
🤵Contact info@tradingshot.com t.me/tradingshot
🔥New service: next X100 crypto GEMS!
💰Free Channel t.me/tradingshotglobal
🤵Contact info@tradingshot.com t.me/tradingshot
🔥New service: next X100 crypto GEMS!
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.