Binance Coin Is Pointing To 1000 Area
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Binance Coin with ticker BNBUSD remains one of the strongest cryptocurrencies. Despite recent consolidation due to the Crypto market slow down, it looks to be finishing a small triangle within final subwave »e« of a higher degree wave 4 bullish running triangle pattern. Now that Crypto market can be back to bullish mode, soon watch out for a bullish breakout into wave 5 that can shoot the price towards 1000 area. just keep in mind that confirmation is only above 733 level.
Binance Coin (BNB) is the native cryptocurrency of the Binance exchange, one of the world's largest cryptocurrency trading platforms. Initially launched as an ERC-20 token on the Ethereum blockchain in 2017, BNB later transitioned to the Binance Chain, its own blockchain. BNB is used for a variety of purposes within the Binance ecosystem, including paying for transaction fees on the platform, participating in token sales, and even for everyday purchases. Its value is often influenced by the growth of the Binance exchange and the demand for its utility within the platform's services.
Basic bullish ABCDE running triangle shows that Binance Coin can be trading in final stages of wave “E” that can cause a bullish breakout soon.
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