✴️ Binance Coin Says, Bring In The FUD | 500 or 600+?

14 Nis 2023

This is a chart that reads/says "I don't care"...

The October 2022 session close is the most important level right now for the bulls, this is around 333; technical analysis first then we can get into opinions, jokes and speculation.

Bottom/low June 2022... Ok, that's easy.

Higher lows ever since this date... Revealing.

Long-term higher low December 2022 vs June 2022.
The succeeding higher lows both end up with a Doji as a very clear and strong reversal signal.

This signal is confirmed with the green candle that follows.

Ok. Binance Coin continues trading within higher lows but has been actually in a consolidation phase since October 2022.

Each time it moved higher resistance is found around that same level of 333... This is where we are at now.

If this level break, we can see a double up.

I remember my initial target being around 555 but who knows... The charts are bullish, the technicals, bullish, the market bullish, Bitcoin bullish, Twitter, bullish, etc.

Binance has been going through some of the worst attacks in the industry, this is because they have a huge share of the market and the competitors are using their political clout to attack and try to get some of that share.

Instead of giving great products, great support and a great service, they attack each other but ok... This is the past, they are offering Cryptocurrencies services and products but these are still centralized institutions... the future is DEX.

That's the opinion/speculation part.

The truth is that Binance will continue to operate regardless of what happens, they have licenses in more than 16 countries and the world is big...

Innovation does not change what "isn't working".
The new doesn't fix the past/what is bad...

Here is how it works... New people, the new generation, the future starts adapting the new technologies and the old becomes obsolete. It is never upgraded it just become irrelevant overtime... Floppy, CDs... These are not upgraded by USB sticks, they are just forgotten by you and me.

Namaste.