#Binance #BNBAnalysis #BNB #BNBstrategy #BNBsignal

Hello!

Today we are talking about BNB. A very practical coin to trade, which follows BTC and the logic of crowd psychologists / momentum.

Context of this publication: we consider that the Bull Run is underway.

1. BNB still in its bullish cycle (purple lines)

2. Break / retracement (red line) in increasing ABC levels. In these cases the 3rd is often the last. I am not talking about a correction of less than 35-40% down (corresponds to fibo 0.382)

3. Break of the break in a 1H channel confirmed in 4H.

-> and now? BNB is most likely recovering. As long as BNB is stable or bullish, to go and take back the lost levels that will be tested each time in support as in resistance.

And it's great because it's an ideal setup to position yourself with little risk, a scenario that we like because the arithmetic fall gives easy to read and activate upside targets.

Stay vigilant, the bullish channel (green) serves as a benchmark (stop loss) if it breaks from below. In this case, it is the purple trend line that could serve as ascending support before going for a bullish acceleration. This scenario would be more holy.

My opinion on BNB
- short term: rather bullish level game.
- long term: bullish (BR -> $1000)