My Analysis On BNB Token

Hello hivers is weekend but the market is still on that is one reason why i love the crypto market, which trade 24hrs daily both weekends unlike the foreign exchange market which only can be traded from Monday to Friday.😞
Though i see it as an opportunity to take a break from the chart though but still crypto is cool for a lot of reasons so today i will be dropping my view on BNB binance native token despite the trending news around binance exchange and the USA government.

BNB MARKET CAP CHART 📉📈

This is the BNB market cap chart of daily timeframe meaning for past few weeks BNB drop from 54B to around 38B currently that's massive though but in the other hand i still think that fundamental factors are really driving this token downward. Let's take a look at BNB paird to the USDT we are going to be using binance exchange to view this pair.

BNB/USDT CHART 📉📈

If I'm to look at this chart technically i would say this is just price action playing out. But yes we all know that crypto Majorly move by fundamental confluences.

This is BNB paired with USDT viewing from weekly timeframe i can see that it is at the demand zone so we are going to expect bnb push up this coming week that's if the demand zone can hold the price. This price level is 50/50 level zone.

Disclaimer:
I'm not a financial adviser kindly make proper research before investing your money and this is not a signal but a trading idea. DYR.

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