I'm very bullish on bnb, have been accumulating it long and trading long intraday.
It recently made an outside bar reversal pattern near a pitchfork edge which is becoming one of my main go-to setups for defining intraday bias.
BNB is the kind of thing that will be useful to traders even if the market is going down because it provides a discount on trading fees.
So I like it for the same reason as eth, in that eth is useful even when the crypto market is going down since many USD-based stable coins are built on eth. When people bail out of cryptos into stable coins they generate demand for eth.
I'm dollar cost averaging this and will probably end up with a position mainly in eth with another position about half that size in bnb. Intend to scale out near the major pitchfork median line.
It recently made an outside bar reversal pattern near a pitchfork edge which is becoming one of my main go-to setups for defining intraday bias.
BNB is the kind of thing that will be useful to traders even if the market is going down because it provides a discount on trading fees.
So I like it for the same reason as eth, in that eth is useful even when the crypto market is going down since many USD-based stable coins are built on eth. When people bail out of cryptos into stable coins they generate demand for eth.
I'm dollar cost averaging this and will probably end up with a position mainly in eth with another position about half that size in bnb. Intend to scale out near the major pitchfork median line.
