Binance burned coins! What's next, a 20% drop? 🔥🔥

2021年7月19日

Binance has burned $390 million worth of coins.
If you watched our last analysis on Binance, in which we broke down the entire coin burn history, then you know that out of all 13 coin burns, bnb fell 10 out of 13 times, by an average of 15-20%.
If you look at it from a technical analysis perspective, bnb has broken the trend line and tested it as resistance. The nearest support level below is at 233$, from the current values it is more than 20%, which is quite possible for this scenario.

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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade

2021年7月20日

註釋

2021年7月20日

交易結束：目標達成

2021年7月20日

註釋