⚡️ Hello, everyone! I decided to do a review of BNB. It's practically a stablecoin. But does the token have any potential other than being used for airdrops on Binance? Let's find out!
BNB has now closed the gap above, and now there is a large gap below at the $556 - $499 levels. And as we know, 99% of gaps close sooner or later.
⚙️ Metrics and Indicators:
Money Flow - is the joke about stablecoins not a joke? Liquidity has been virtually unchanged for about two years. There is a slight closing of positions, but this is not critical. Liquidity remains in a stable neutral zone.
Liquidity Depth - there is approximately the same amount of liquidity at the top and bottom. Since this token is not highly speculative, this is not surprising.
Volume - sales volumes continue to decline. Even within the correction, and when retesting the same level, volumes are already significantly lower.
Support/Resistance - the level of $611 is a strong support. It is clear that there is high buyer interest at this level.
📌 Conclusion:
The only time BNB starts to be interesting is when it falls so low that everyone suddenly remembers it. This was the case last summer, when the price fell from $700 to $400 and everyone was like, “Oh! There is such a token as BNB and it's in the top 5! It's a bit cheap, I should buy some!”
Similarly, I have no interest in BNB until the gap closes. Which is just before the $500 level, where some whale accumulation is already beginning.
🔥 Have a nice day, everyone!
BNB has now closed the gap above, and now there is a large gap below at the $556 - $499 levels. And as we know, 99% of gaps close sooner or later.
⚙️ Metrics and Indicators:
Money Flow - is the joke about stablecoins not a joke? Liquidity has been virtually unchanged for about two years. There is a slight closing of positions, but this is not critical. Liquidity remains in a stable neutral zone.
Liquidity Depth - there is approximately the same amount of liquidity at the top and bottom. Since this token is not highly speculative, this is not surprising.
Volume - sales volumes continue to decline. Even within the correction, and when retesting the same level, volumes are already significantly lower.
Support/Resistance - the level of $611 is a strong support. It is clear that there is high buyer interest at this level.
📌 Conclusion:
The only time BNB starts to be interesting is when it falls so low that everyone suddenly remembers it. This was the case last summer, when the price fell from $700 to $400 and everyone was like, “Oh! There is such a token as BNB and it's in the top 5! It's a bit cheap, I should buy some!”
Similarly, I have no interest in BNB until the gap closes. Which is just before the $500 level, where some whale accumulation is already beginning.
🔥 Have a nice day, everyone!
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。