MY VIEW PRICE $BNB IS ABOUT $1,200 🤔
You asked me to see the BNB view.
👉In fact, there is nothing to see about BNB. I mentioned all the important keys in the previous post (See the attached post).
You just need to remember: IF YOU MISS THE TOP IN THE PREVIOUS SEASON, BNB WILL BE THE FASTEST WAY TO RETURN TO THE SHORE! Many BNB holders even return to the shore earlier than Bitcoin holders thanks to the launchpool!
In the long term, I think that if Binance is strong, the BSC system will be strong, and if BSC is strong, BNB will definitely be strong. It is currently very difficult for Binance to lose its position as the top 1 CEX exchange. Statistics over the past 24 hours show that Binance's trading volume is 15 billion USD, while Coin-base only reached 1.7 billion and O-K-X is 2 billion USD => The difference is too big. 😅
💥IN SHORT, I'm not sure about the next cycle, but this cycle Binance and BNB are still the top forces in the market.
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Regarding how to track BNB price, you should set up 4 EMA lines 34, 89, 200 and 400.
🤔In the 1W frame, BNB price shows a lot of "respect" for these EMA levels (picture below).
For example, since the beginning of July, BNB has touched EMA 34 (blue) many times and immediately bounced back. In the strong dump in August, the 1W candle also touched the EMA 89 (red) and strongly retracted its wick to the high price zone.
So, anyone who wants to collect more BNB or trade long or short, just follow those EMA lines to place orders. The corresponding price levels are 500 - 420 and 350$. In particular, 350$ is a very strong support level according to the horizontal trendline (as shown).
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💵In the long term, I expect the BNB/BTC exchange rate to return to 0.012. That means, as long as BTC grows to 100,000 USD, you can completely see BNB surpass the old peak and reach the price of 0.012 x 100.000 = 1.2000 USD (about x3 x4 times the current price).💪
