{"id":460784,"date":"2021-04-08T12:50:55","date_gmt":"2021-04-08T12:50:55","guid":{"rendered":"https:\/\/uniquehot.com\/?p=460784"},"modified":"2021-04-08T12:50:55","modified_gmt":"2021-04-08T12:50:55","slug":"why-this-trader-expects-a-huge-binance-coin-bnb-uptrend-forming","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/binance-coin\/why-this-trader-expects-a-huge-binance-coin-bnb-uptrend-forming\/","title":{"rendered":"Why This Trader Expects a Huge Binance Coin (BNB) Uptrend Forming"},"content":{"rendered":"
Binance Coin (BNB\/USD) is bracing for a massive bullish move in the sessions ahead, a trend that could see the exchange token rise above $450.<\/p>\n
The analogy comes from an independent analyst on Twitter, operating under the pseudonym of Crypto Kaleo to distribute day-to-day cryptocurrency updates across its 142,000 followers. Kaleo predicts a wild upside rally in the BNB\/BTC instrument as he compares the pair’s current price movements with those last month \u2014 that led a parallel instrument, the BNB\/USD, to its current record high of $422.<\/p>\n
In February 2021, BNB\/BTC reached a new high in a breakout move that followed a consolidating move below a descending trendline and pattern top (0.0032 satoshis). After hitting 0.0067 satoshis as its breakout target, the pair started consolidating again under a new descending trendline pattern. Only this time, bulls waited for days before pursuing an upside breakout.<\/p>\n
Later, the BNB\/BTC pair consolidated near the level coinciding with its descending trendline top at 0.0067 satoshis.<\/p>\n
“The first one back in mid-February went nearly vertical afterward,” said Crypto Kaleo, mentioning the chart as shown below. “I expect something similar here, though probably a bit slower considering the higher market cap\/longer accumulation period prior.”<\/p><\/blockquote>\n