BNB ready to blast

17 Nis 2021

600M worth of BNB have just been burned out of circulation, increasing demand. Very nice bullish divergence in the RSI signals this coin is ready to blast out. It can potentially reach $750. Not financial advice.

18 Nis 2021

İşlem aktif

After the crypto-wide drop I am still bullish on BNB. It has yet more bullish divergence on the 1h RSI and it seems to be forming an inverse head and shoulders, although this bullish pattern will only be confirmed when the neckline is broken. As for the target price in the short term, I would tread a bit carefully due to BTC volatility. I believe BTC is now going up in the short term, but whether the recovery will be followed by a further correction downward can only be evaluated at the time looking at its strength in the RSI. In the meantime, BNB should be sailing upward. Not financial advice.