I'm back after several months without posting and my last analysis is still relevant: the BNB/BTC price consolidated in the monthly FVG, reached 0.01 and, we start to have a reply to the question about the FVG being a resistance or not.
So we can see a rejection forming around 0.008 to 0.01 and a change in market structure on the low time frames.
Additionally we get also a rejection after hitting the SMA50 SMA21 and EMA21 monthly.
I started to sell my BNB for BTC and will continue each time we get a move up on BNB/BTC.
My prediction was right for #bnb / #btc , and now we are maybe going to reach 0.01 !!
See my previous post from 2 months ago
I expect a pullback to around 0.0085 after we hit 0.01 and then we will need to observe and analyze to see if there is a continuation of the bullish trend or a sideway consolidation.
So the last months BNB has been a much better investment than BTC, and that’s the reason way I currently holding BNB, which has proven to be the best of #altcoin . It’s even more interesting by the fact holding BNB gives you very satisfying rewards in other tokens each time there is a launchpool 😃
That said, we have to be careful on BNB because a dramatic pullback may occur. But even if it falls to 460-480 (the level I’m looking at to buy some more) it would still be in a bullish trend.
However, I’m observing BNB/USDT and BNB/BTC on a daily basis and as soon as I will see weekly bearish divergence or a market structure shift on the high timeframes, I will start to sell my BNB.