BNB has had an amazing run up. A small correction / relief was needed.
After printing a double top we have broken the 20EMA level.
There is a good possibility we test the 50EMA which would level out near the trend support.
BNB is super bullish , there is a token burn coming very soon according to CZ. This token burn will remove BNB from supply. Simple supply & demand would correlate to a upward price action.
If price can consolidate above 20EMA level, we would continue further up.
After printing a double top we have broken the 20EMA level.
There is a good possibility we test the 50EMA which would level out near the trend support.
BNB is super bullish , there is a token burn coming very soon according to CZ. This token burn will remove BNB from supply. Simple supply & demand would correlate to a upward price action.
If price can consolidate above 20EMA level, we would continue further up.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.