Binance Coin Price Prediction | Scary BNB/USDT Signal 👀

Hey guys what’s up it’s frank here from Altcoin buzz so today we have an Exciting cryptocurrency to look at which Is of course b and b bnb is number five On coin gecko but actually it’s the Third biggest cryptocurrency if you Don’t include dollar pegged stable coins Bnb has a market cap of 36 billion Compared to ethereum’s 139 billion which doesn’t seem like much But it is double the next biggest market Cap which is Xrp again not including busd so bnb is a Very very big player in the Cryptocurrency market and there’s Something very interesting about the Chart on the one hand bnb is Outperforming ethereum significantly On the other hand there is something Very scary about the bnb usdt chart and That is what we’re going to find out Today so stick around until the end of The video now for those of you who don’t Know altquin buzz is first and foremost A crypto investment research company and We have been providing you numerous 100x Returns since 2017. so if you want to get in on that Action join our al quinn buzz access Group where we document up-to-date Research covering undervalued altcoin Gems nft minting opportunities and our Portfolio strategies so click the link Up above or in the pin comment section

Down below also please don’t forget to Like subscribe and click the Notification bell so that you don’t miss Any future updates and finally please Note that none of this is financial Advice [Music] So before i tell you what’s scary about The bnb usdt graph let’s first of all Have a look at the bnb btc chart which Is of course looking pretty good we had This very very big explosive move up From january all the way until may 2021 Where bnb was Significantly outperforming bitcoin and Although we’ve had a retracement we Haven’t had the big kind of dump that We’ve seen for other altcoins just to Show you to come help you compare bnb to Another altcoin i’ve picked out dots Here because the dot btc graph looks Very similar to many other altcoins when Compared to bitcoin and as you can see It’s just a very long very very clear Downtrend on the weekly chart so bnb btc Is doing surprisingly well even better Than that is bnb eth look at this Basically almost 12 weeks of just pure green apart from One red break in the middle so very Impressive to see how bnb is performing Compared to the Larger altcoins now before i show you What’s scary about the bnb usdt graph

Let’s first of all zoom out to the Weekly time frame and on the weekly time Frame we’re seeing that we found support Here at this previous Low which was the 184.6 level and incidentally this also Marks the 786 retracement of this big Move up and this on the one hand Is potentially a good sign if we find Support here but again this could mark a Very scary Future for b and b If we don’t hold this level And that is what i wanted to tell you Yes on the one hand bnb is looking very Good when compared to other altcoins but Unlike other altcoins which have Actually reached a an important support Level in other words a previous Resistance bnb has done no such thing if Bnb breaks this previous support of 184 Dollars there’s nothing stopping us Going all the way down to the 887 Retracement at about the 115 Level because there’s really no Resistance all the way down until 40 Dollars now i’m not suggesting that We’re going to have a move all the way Down to 40 certainly not in one fell Swoop but what i am saying is that there Is no liquidity below this level so yes We are outperforming other altcoins and Even bitcoin to a large extent but There is no support on the bnb usdt

Graph so we really have to find support Now we have to start a new uptrend if The bulls want to have a chance at Really Creating a sustainable reversal now the Other thing which is a bit scary about This graph is the bollinger bands here The bollinger bands were contracting Over the past several months and then at One point in june in the beginning of June we had a break below the lower Bollinger band and this usually marks The beginning of more momentum so one Example of course was when we were Contracting back here in january we had A break from it and then of course we Had a massive massive move up and now is The first time that we’ve seen a break Through the lower bollinger bands since Basically forever on b and b so this is Definitely a market shift in the Momentum for bnb For Binance Now going down to the four hour time Frame we are incidentally seeing Something very similar we also had a Contraction of the bollinger bands and Again a bearish break so it doesn’t look Very good on the four hour time frame And again similar to the weekly chart Where we have to find support at the 184.6 dollar level on the four hour Chart we really have to find support

Ideally at the 205 dollar level we could Potentially come down to the 200 Psychological level but really we want To find support at the 205 so that we Don’t lose the momentum that we have for This potential reversal because Ultimately despite the bullish things That i said about bnb eath and bnb btc Bnb usdt binance is still in a very Clear downtrend on all relevant time Frames and as mentioned if we break These two supports the next support Would be approximately potentially the 115 dollar level And when it comes to resistances well The first resistance of course is the Previous major high at the 245 dollar level and if we break that we Want to be zooming out to see what Previous resistances might look like So the next resistance after 245 Dollars Would likely be marked by the previous Low here around the 274 dollar level And the resistance thereafter would be Marked by the previous high here which Is above the volume profile the 312 Dollar level so to sum it up the support Levels are the 205.2 The 184.6 and the 115.2 Level and the resistance levels are the 245.5 273.9 and 312 dollar levels

So in summary yes bnb is exciting Because it is significantly Outperforming ethereum and bitcoin to a Large extent But of course we are still in this major Downtrend and the bulls still have to Prove themselves to Convince us that there is potential for A reversal guys if you enjoyed this Video feel free to check out my other Videos up here i produce videos for Altcoin buzz regularly on altcoins Covering technical analysis in a simple And easy way to understand and with that Being said I’ll see you in the next one [Music] You