SUMMARY
Binance (BNB) is weaving through a symmetrical triangle pattern. The prior expanded ABC wave led to a few months of sidways action which is now being coiled into a symmetrical pattern. Which direction is the likely breakout?
The MACD is likely to support an upside move. The price has to decisively breach the upper triangle trendline. While this is a symmetrical triangle, another pattern can be drawn.
The below chart shows a bullish ascending right triangle pattern. Volume also confirms in it's gradual decline. By this pattern, the minimum run potential would be $25.83 and probably higher with all time highs.
Legal Disclaimer: I am not a financial advisor nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be best for your individual needs. Plain English: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.
Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Elliott Wave Counting Tutorial #3
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Laddering Example with EOS
Tutorial on the use of Fibonacci & Elliott Waves
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?
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Hope so ... bought bnb for myself around 2.5 long time ago.. but bought it for a friend ( quite decent amount) at around ATH 20/22 usd just before the drop in all crypto .. my friend is very worried and I advised him never to sell at such time.. so I wish it go up and she just breakeven soon !
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Just hold on. 2018 is going to be incredible for the crypto market and for BNB.
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BNB has a big room to grow.
your expectation may happen tomorrow and when Binance Exchange integrates Fiat currencies we could see it around $50 even
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That was fake news
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What’s your thoughts???
https://steemit.com/steem/@michaellamden68/hey-berniesanders
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When are you doing something about this????
https://steemit.com/steemit/@michaellamden68/blacklist-is-the-steemit-platform-becoming-a-muppet-show
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Never.
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Yes . I think BNB will get 25$ soon.
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BTC, BNB, EOS - there may be other coins that will give better returns but these I feel super safe and super bullish.
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Nice post,how i wish am at your level now.
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Congratulations,
you just got busted by @transisto with a -90.91% downvote from @punkbuster!
Wanna downvote something yourself?
Just send at least 0.100 SDB or STEEM to
punkbusterwith the post url as memo.This service was brought to you by SteemHQ.com
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Wow, this is such an informative post
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really i love your strategy it's so helpful l hop to boom bnb in to +30$
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i wish i got some BNB at a $ such a good company, fiat gate way DEX $100 BNB this year easy
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This is nonsense
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BNB is making around $30M profit each quarter. It is part of the few companies in crypto that actually makes money. Very bullish
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Nice man!! Like it!
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Ok, but may i ask ?? Whats the problem? I just Like his TA is there anything that im missing?
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@haejin, in addition to my comment on your MSFT post, I'm really curious about your thoughts on a few individual stocks (e.g., UAA, SPWR, FSLR). UAA seems to be putting in a bottom, but am concerned about a retrace to its October lows. Similarly, US solar stocks (SPWR, FSLR) seem to be breaking resistance and putting in new highs. I'm curious if any have been on your radar!
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There is a lot of information! Must read more than once.
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