Binance Coin (Binance: BNBUSDT) has broken out of the triangle pattern in the weekly chart.
(Chart courtesy of Tradingview.com (log scale))
Elliott Wave Analysis
In Elliott Wave terms, BNB began a wave one advance in December 2018. The red wave one (blue sub-waves i-ii-iii-iv-v) finished in June this year, and the red wave two (blue sub-waves a-b-c) correction ended in September. If this wave count is correct, BNB should be heading next towards the June peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Looking at the monthly chart, I believe BNB is currently in the red wave three. The red wave three began in December 2018.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
Binance Coin is the cryptocurrency of the Binance platform. Venture Coinist interviewed the CEO one week ago.
(Sources: https://www.binance.com/en)How Will Binance Coin Trade?
Binance Coin (Binance: BNBUSDT) weekly chart by Tradingview.
(Chart courtesy of Tradingview.com (log scale))
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